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☆ Turkey's inflation climbs to 68.5% despite continued rate hikes
▼ + stars: | 2024-04-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Cagla Gurdogan | ReutersTurkey's annual inflation rose to 68.5% for the month of March, an increase on February's 67.1% inflation read, according to the Turkish Statistical Institute's report released Wednesday. Turkey has launched a concerted effort to tackle soaring inflation with interest rate hikes, most recently raising the country's key rate from 45% to 50% in late March. watch nowMuch of the inflation in recent months stems from a significant increase to the minimum wage that Turkey's government mandated for 2024. Economists expect further rate hikes from the central bank will be necessary. Turkey's central bank implemented eight consecutive interest rate hikes from June 2023 to January 2024, totaling a cumulative 3,650 basis points.

Persons: Cagla Gurdogan, Nicholas Farr, Istanbul Mayor Ekrem Imamoglu, Umit Bektas Organizations: Reuters, Economics, Istanbul Mayor, Republican People's Party Locations: Ankara, Turkey, Europe, London, Istanbul Metropolitan, Istanbul

☆ A veteran chartmaster calling for a continued market rally says it's time to diversify away from mega-cap growth by making these 6 investments now
▼ + stars: | 2024-03-10 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Wall Street was mostly upbeat about equities heading into 2023, though even the most bullish investment firms thought the S&P 500 would finish this year at 5,100 — a level it has exceeded already. Resisting this rally is a fool's errand, according to David Keller, the chief market strategist at StockCharts.com. The long-time chartmaster warned of a near-term pullback as the S&P 500 approached its previous record high but has since abandoned his cautious call. AdvertisementFast-forward to early March, and many of those mega-cap growth names remain hot, especially Nvidia and Meta. "I like that idea, at this point, of diversifying away from mega-cap growth," Keller said.

Persons: —, David Keller, chartmaster, Keller, I'm, they've, StockCharts.com Organizations: Service, Business, Nasdaq, Nvidia, Meta, Microsoft, Apple, Companies, Hilton, Marriott, Restaurant Brands, Burger King ., Biotechnology Locations: Burger

☆ Move over Big Tech, a new market leader could be emerging, according to the charts
▼ + stars: | 2024-02-29 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Biotechnology stocks have recently shown renewed strength, and improving momentum may just push these names toward the top of the leaderboard. Second, this level also represented a 38.2% retracement level based on the 2021 high and 2022 low, which is a widely followed support level based on the Fibonacci methodology. This week, IBB has bounced off that support level, making a new 52-week high as it briefly pushed above the 50% retracement level around $140. The weekly chart reinforces that biotechnology stocks may still be in the early stages of this advance, with lots of daylight between current levels and the 2021 highs. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: IBB, David Keller Organizations: Biotechnology, Nasdaq Biotechnology, CMT

☆ The winning themes of 2023 could mature and keep climbing next year, BlackRock says
▼ + stars: | 2023-11-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investors don't need to abandon the themes that worked in 2023 just because the calendar is about to change, according to BlackRock. Jacobs said that 2023 could prove to be a "year of training" for AI but that the benefits could broaden out going forward. IRBO YTD mountain This broad iShares ETF focused on AI and automation has outperformed the S & P 500 year to date. Mexico stocks, as measured by the iShares Mexico ETF (EWW) , has been a strong performer this year with a total return of 25%, according to FactSet. A competitor fund, the WisdomTree India Earnings Fund (EPI) , has performed better in 2023 with a total return topping 15%.

Persons: Jay Jacobs, Jacobs, IShares, Eli Lilly Organizations: BlackRock, CNBC, Nvidia, Microsoft, Robotics, Intelligence, Technology, Novo Nordisk, Biotechnology, VanEck Pharmaceutical Locations: BlackRock, U.S, United States, Mexico, India

☆ Exclusive: Activist investor Elliott targets drugmaker BioMarin -sources
▼ + stars: | 2023-11-07 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 7 (Reuters) - Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical (BMRN.O) and has been in discussions with the biotechnology company for months about its future, according to two people familiar with the matter. Elliott declined to comment, while a representative for BioMarin did not immediately respond to a request for comment. BioMarin shares rose 12% to $85.36 on the news in morning trading in New York on Tuesday. Prior to news of Elliott's engagement, BioMarin shares were down 24% year-to-date, significantly underperforming the iShares Biotechnology ETF (IBB.O), which is down 8.6%. Elliott also successfully pushed for drug makers Alexion Pharma (AZN.L) and Allergan (ABBV.N) to be sold.

Persons: Elliott, BioMarin, hemophilia, Jean, Jacques Bienaime, Alexander Hardy, Jefferies, Bienaime, Harvey, Richard Meier, Svea Herbst, Bayliss, Jamie Freed Organizations: Investment Management, BioMarin Pharmaceutical, Biotechnology, Alexion Pharma, Svea, Thomson Locations: BioMarin, San Rafael , California, West Palm Beach , Florida, New York

☆ Rising interest rates are hurting very broad swaths of the stock and bond markets
▼ + stars: | 2023-10-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks and ETFs are hitting 52-week lows on the relentless rise in interest rates. Treasury bond ETFs: New lows iShares 1-3 Year Treasury Bond ETF (SHY) iShares 7-10 Year Treasury Bond ETF (IEF) iShares 10-20 Year Treasury Bond ETF (TLH) iShares 20+ Year Treasury Bond ETF (TLT) It's not just Treasury bonds. Broad bond ETFs: New lows Vanguard Total Bond Market ETF (BND) iShares Core US Aggregate Bond Fund (AGG) Higher rates are affecting other areas of the U.S. economy: look at clean energy and biotech It's simple. Clean energy ETFs: New lows iShares Global Clean Energy (ICLN) VanEck Low Carbon Energy ETF (SMOG) Invesco WilderHill Clean Energy ETF (PBW) Invesco Solar ETF (TAN) It's the same story with biotech. The SPDR S & P Biotech ETF (XBI) , which tracks an equal-weighted index of US biotechnology stocks, is at a 52-week low.

Persons: Schwab, It's Organizations: Vanguard Utilities, Treasury Bond ETF, Bond Market, Bond Fund, NextEra Energy Partners, Clean Energy, Carbon Energy, P Biotech, Biotechnology, Biotech, Verizon, SPDR Telecom, AT, Property, Comerica, Huntington Bancshares Locations: U.S, Orsted, Denmark, REITs

☆ Fact Check-Video shows Vedic hymns chanted in Croatia, not White House
▼ + stars: | 2023-09-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of people citing Vedic hymns was filmed in Croatia in 2018 but has been falsely captioned online to claim it shows an event in the White House. “At White house,’Shri Rudram Stotram’ was recited at the White House in America,” read posts on Facebook (here) and (here) and messaging platform X, formerly known as Twitter (here). The video matches images of an event organised by Veda Union, a network of European Veda chanting groups, in Zagreb, Croatia in 2018 (here). The White House and Veda Union did not immediately respond to a Reuters request for comment. Video of people chanting Vedic hymns was filmed in Croatia, not the White House.

Persons: “, Rudram Stotram ’, ”, Rudram, Read Organizations: White, Facebook, Veda Union, Veda, Reuters Locations: Croatia, White, America, Zagreb

☆ Fact Check-Video of people escaping a waterspout predates Hurricane Idalia
▼ + stars: | 2023-08-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Video of a waterspout approaching a beach lined with blue tents dates to June 2023 and is not related to Hurricane Idalia that made landfall on Florida’s coast on Aug. 30, 2023. “Hurricane Idalia has started,” read posts linking the waterspout video to Hurricane Idalia on messaging platform X, formerly known as Twitter (here) and Facebook (here) and (here). People visible at 0:21 in the video shared on social media are also visible in the fire department video. Millions of residents evacuated or hunkered down in homes and shelters as Hurricane Idalia made landfall in Florida as an “extremely dangerous” Category 3 storm on Aug. 30, 2023, Reuters reported (here). Video of a waterspout is not related to Hurricane Idalia.

Persons: Idalia, ”, Dr Mike, Danielle Tarjoman, Read Organizations: Facebook, Storyful, Rescue Department, Reuters Locations: Clearwater Beach, Florida, Clearwater, Orlando

☆ Fact Check-Video shows 2022 floods in Venezuela, not Chile in August 2023
▼ + stars: | 2023-08-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A widely-shared video of a car and a tree being washed away during floods was shot in Maracay, Venezuela in 2022 not – as many are wrongly saying online - in Santiago, Chile in 2023. Two people died and thousands have been evacuated or left homeless after rains caused flooding in central-southern Chile, Reuters reported on Aug. 21, 2023 (here). Examples of posts wrongly describing the 2022 Venezuela video as a scene from Chile can be seen on Facebook (here) and on messaging platform X, formerly known as Twitter (here) (here). A building with the words “Walio Supermercado” (ibb.co/qd4rkgV) can be seen in the background in a longer version of the clip (imgur.com/gallery/yNNfEyf). Video shows floods in Venezuela in October 2022, not Chile in August 2023.

Persons: Read Organizations: Reuters, Facebook Locations: Maracay, Venezuela, Santiago , Chile, Chile, Colombia, Venezuelan, El Castano

☆ Fact Check-Kyiv club did not hold fire show after deadly blaze in Makhachkala
▼ + stars: | 2023-08-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The poster was also widely shared on Russia’s VKontakte social network (here), Telegram (t.me/pezdicide/3176), and was published by Russian media (here). The branding for Kyiv’s Forsage club can be seen in the upper left corner (here), though no such poster is on the Forsage club’s social media or website (here). Original posters of Forsage’s events that are shared on social media are strikingly different (here). In a statement on Instagram stories, Forsage said the fire show party poster was fake and was “aimed at inciting hostility” and provocation. Read more about our work to fact-check social media posts (here).

Persons: Forsage, ”, Read Organizations: Twitter, Facebook, Russian, Reuters, Kyiv’s Locations: Kyiv, Makhachkala, Russian, Dagestan, Kiev

☆ Fact Check-In wake of Maui fires, here’s why some trees survive damage
▼ + stars: | 2023-08-22 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Some posts on social media in the wake of the fires on the Hawaiian island of Maui, however, suggested that the fact some trees had remained standing showed proof that the fires were somehow engineered or steered to intentionally burn homes and vehicles, leaving trees unscathed. Reuters photographs and satellite imagery of the Lahaina Banyan Court area produced by Maxar Technologies shows buildings, vehicles and trees damaged following the fires (shorturl.at/bpsTX), (here). Other trees were more heavily damaged, but remained standing, Reuters pictures show (here), (here). Regardless, the fact that some trees could remain standing or were less damaged than cars or buildings during a fire is not abnormal. Trees sometimes survive severe damage during fires due to factors including their water content and the ways a fire spreads.

Persons: Albert Simeoni, ”, Erica Fischer, Fischer, Christopher Baird, ” Baird, Katie Kamelamela, James Urban, Niamh Nic Daeid, Nic Daeid, Read Organizations: Reuters, Facebook, Maxar Technologies, Fire Protection Engineering Department, Worcester Polytechnic Institute, Department of Wood Science, Engineering, Oregon State University, “, JB, University of Hawaii, West Texas, M University, Conservatory, Akaka Foundation, Tropical Forests, HOW, Fire Protection, Leverhulme Research, Forensic Science, University of Dundee Locations: Maui, Instagram, Lahaina Banyan, Oregon, Colorado, Manoa, Hawaii

☆ Fact Check-Video compilation shows Beirut blast, not Russian strikes on Odesa
▼ + stars: | 2023-08-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A video compilation featuring clips of the 2020 explosion at Lebanon’s Beirut port has been falsely linked online to the Russian missile strikes on the port of Odesa in Ukraine in 2023. The clip at 1:03-1:09 can be seen in a Beirut explosion video hosted by licensing platform Newsflare (here). Reuters was not able to source the clip showing a yellow car (1:33-1:43), but the visuals of the explosion align with the other clips of the Beirut explosion. The white structure visible in the final video at 1:44 video matches the silos at the Beirut port (bit.ly/47n9tZ8). A video compilation shows the Beirut port blast in 2020, not Russian missile attacks on the port in Odesa, Ukraine.

Persons: Getty, Read Organizations: Russian, Reuters, Russian Missiles, British Cargo Ships, Facebook, Al, Google, Guardian, ABC News Locations: Beirut, Odesa, Ukraine, Moscow, The Port, Odessa, Russian, Al Arabiya, ’

☆ Fact Check-Kyiv street sprinklers predate Ukraine war
▼ + stars: | 2023-08-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Posts online suggest the sprinkler system had been funded by U.S. funds sent to support Ukraine’s war efforts against Russia. Reuters images from 2019, taken in central Kyiv, show the same water sprinkler system (reut.rs/45xNzRm) and (reut.rs/47yQdIc). Reuters photographer Gleb Garanich confirmed the location of the images as Khreschatyk Street. Photos dating to 2019 on photo hosting website Alamy also show the water sprinkler system on Khreschatyk Street (here), (here). Water sprinklers in central Kyiv predate U.S. assistance to Ukraine during its war with Russia.

Persons: “, Mr, Biden, Gleb Garanich, Alamy, Read Organizations: U.S, Facebook, Reuters Locations: Kyiv, Ukraine, Russia, U.S

☆ Fact Check-Drone video shows California, not Hawaii
▼ + stars: | 2023-08-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video showing an area of destroyed buildings surrounded by pine trees in Paradise, California, has been miscaptioned online to say it shows Maui, Hawaii, following the wildfires in August 2023. The Maui wildfires have become the deadliest in the US in more than a century, killing at least 99 people and forcing thousands to evacuate (here). But the video circulating online shows the impact of the Camp Fire, a devastating wildfire in November 2018 that hit the Northern California town of Paradise (here). An aerial photograph from coverage of the 2018 blaze in California shows the same area (here), (see image 18 in the gallery), (ibb.co/XVHrRw8). This video shows the aftermath of the Camp Fire in Paradise, California, in 2018.

Persons: Greg Crutsinger, Crutsinger, Read Organizations: NBC, KCRA, Reuters Locations: Paradise , California, Maui, Hawaii, “ Hawaii, Northern California, Paradise, California

☆ Fact Check-Image of LeBron James dressed in pink is AI-generated
▼ + stars: | 2023-08-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A viral image showing basketball star LeBron James in a pink outfit was created with AI-based tool Midjourney. While some users were able to discern the image was created with artificial intelligence (AI), others did not. “LeBron James setting a bad example for our Lil boys and money ain't everything,” said one post (bit.ly/3Qi247r). Reuters traced the image of James to Midjourney's Discord, on a channel called “#Newbies-185” (ibb.co/cyDNLb7). Representatives for Midjourney and James did not immediately respond to requests for comment.

Persons: LeBron James, ”, “, Midjourney, James, lebron james, Gucci, James ’, Read Organizations: Facebook, Los Angeles Lakers, Lil, Reuters, Midjourney

☆ Goldman Sachs shares 21 ETF option trades to make — including 3 it expects to return more than 500% — amid one of the most attractive options environments it's seen in 27 years
▼ + stars: | 2023-07-18 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Goldman Sachs says there's rarely been a better time to buy options over the last 27 years. In a recent note, analysts at the bank shared 21 ETFs to buy call options on. There's rarely been a better time over the past quarter century to buy stock options, according to Goldman Sachs. We've compiled their 21 ETF call option suggestions below, all of which the analysts believe have substantial upside potential. Goldman's list of ETF call-option suggestions is shown below, in ascending order of implied returns based on the bank's price targets.

Persons: Goldman Sachs, there's, There's, John Marshall, Goldman, We've, Marshall Organizations: NASDAQ Biotechnology

☆ Fact Check-Fictional New Mexico emergency broadcast circulates online
▼ + stars: | 2023-06-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video circulating online that purports to show an Emergency Alert System broadcast warning of an emergency at a New Mexico research facility is fabricated, a spokesperson for the New Mexico Department of Homeland Security said. A spokesperson for the New Mexico Department of Homeland Security and Emergency Management said in an email that no such broadcast was made. No such statement was released via the New Mexico government official website (www.nm.gov/news/) nor through the New Mexico Department of Public Safety site (here). There is no evidence that a “Black Mesa” research facility exists in New Mexico. No such broadcast was aired, a spokesperson for the New Mexico Department of Homeland Security and Emergency Management said.

Persons: Alp Toker, Read Organizations: New, New Mexico Department of Homeland Security, Emergency Management, Reuters, New Mexico Department of Public, Valve Software Locations: Mexico, New Mexico

☆ Fact Check-No evidence photo of man in military fatigues and a Union Jack patch is a ‘NATO mercenary’
▼ + stars: | 2023-06-22 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A photo of four men in military fatigues, including one who has a British Union Jack patch on his arm, has been falsely claimed online to be proof that NATO mercenaries are fighting in Ukraine. It’s captioned: “A group of NATO mercenaries in British uniforms were captured yesterday in Zaporozhye region, Russia. It’s also not unusual for Ukrainian soldiers to be seen in British military gear. Reuters also reported in 2022 that Ukrainian fighters were purchasing British military surplus here. The photo dates to May 2022 and shows Ukrainian prisoners of war.

Persons: British Union Jack, It’s, fatigues, Jens Stoltenberg, Read Organizations: NATO, Twitter, Facebook, Reuters, RIA, Donetsk People’s, UN Locations: British Union, Ukraine, Zaporozhye region, Russia, ”, Donetsk, Donetsk People’s Republic

☆ This beaten-down sector could be a bright spot in commercial real estate
▼ + stars: | 2023-06-06 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +6 min

As the market reassesses the value of office properties, investors have been steering clear of many commercial real estate stocks. Greg Kuhl, a portfolio manager at Janus Henderson, said he likes the outlook for Alexandria Real Estate Equities , a pure-play owner of life sciences centers. Malhotra said he sees lab REITs as a "lower-beta way to play the volatile Life Sciences environment." But each of these companies are more broadly diversified and have exposure to other types of commercial real estate. Kilroy, for example, had been focused in properties in the tech hubs, but it now has a growing life sciences portfolio.

Persons: Greg Kuhl, Janus Henderson, Kuhl, hasn't, Vikram Malhotra, Mizuho, Malhotra, Healthpeak's, Kilroy Organizations: Alexandria Real, stoke, Food and Drug Administration, Research, Biotech, Sciences, iShares Biotechnology, Boston Properties, Kilroy Locations: Alexandria, Ventas

☆ Fact Check-Clip shows behind-the-scenes of ‘First Man’ movie, not film crew on Moon
▼ + stars: | 2023-05-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Footage showing behind-the-scenes during the filming of the 2018 ‘First Man’ movie starring actor Ryan Gosling has been shared with false claims that it shows a film crew on the surface of the Moon. Further footage shows camera operators and film crew capturing the astronaut walking on what appears to be the lunar surface. Some shared the video on social media with suggestions that it showed proof that the lunar landing was a hoax. Examples of the clip shared online can be seen (here) and (here). The clip shows behind-the-scenes footage of the filming of the ‘First Man’ movie starring Ryan Gosling.

☆ Fact Check-Altered image of Sir Karl Jenkins wearing ‘Q’ medal at coronation
▼ + stars: | 2023-05-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An image appearing to show Welsh composer Sir Karl Jenkins wearing a medal with the letter “Q” emblazoned across it at King Charles’ coronation is digitally altered. Instead, Jenkins wore a Knighthood medal that was awarded to him in 2015. The Welsh composer was awarded a medal when he was knighted (Knight Bachelor) in June 2015 (here), (here). Jenkins wore a medal to the King’s coronation which was awarded to him upon his Knighthood in June 2015. An image showing the medal bearing a “Q” symbol is altered.

☆ Fact Check-Video of migrants rushing back to Ciudad Juárez at border dates to at least March 2023
▼ + stars: | 2023-05-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The at least two-month-old video is recirculating as the United States is preparing to end a COVID-19 border restriction known as Title 42. The video circulating depicts people crossing El Paso del Norte International Bridge into Ciudad Juárez (bit.ly/42JUKV7), (ibb.co/mHMRmr4), but dates to at least March this year. Reuters video shows the group trying to cross the bridge towards El Paso, Texas (here). Reuters addressed other miscaptioned footage falsely linked to the U.S.-Mexico border in May 2023 (here), (here). This footage showing migrants at El Paso del Norte International Bridge in Ciudad Juárez is not new, rather it dates to at least March 2023.

☆ Fact Check-Images of purported ‘satanic teachings’ in public libraries are AI-generated
▼ + stars: | 2023-05-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Images circulating online apparently capturing devil-like subjects sitting with children at public libraries were created with artificial intelligence (AI) and do not depict real events, as claimed in social media posts. God help us!” one Facebook user commented. The fourth image captures a group of children sitting on top of a red pentagram. I created these pics with AI (artificial intelligence) software,” part of it reads. These images do not depict a real event, they were created with artificial intelligence.

☆ Fact Check-Video shows people climbing Spain-Morocco fence, not US-Mexico border
▼ + stars: | 2023-05-05 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A clip depicting people climbing a high border fence separating the Spanish city of Melilla in North Africa from Morocco traces to March 2022. The footage has been miscaptioned in social media posts claiming it was recorded at the U.S.-Mexico border as a COVID-19 border restriction known as Title 42 is due to end later this month. A video on Instagram features on screen text that says, “This is what the border really looks like. Many Republicans and a few Democrats fear its expiry will result in a rise in immigration to a level border authorities cannot manage. Videos in this clip were recorded in Spain’s Melilla border fence in 2022.

☆ Fact Check-Purported clip of NYC ‘parade’ for Tucker Carlson’s Fox News exit is almost two years-old
▼ + stars: | 2023-05-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

It is not related to Tucker Carlson exiting Fox News, as claimed on social media. “NYC is going nuts over Tucker Carlson news,” reads a superimposed text in the circulating clip, which appears to have originated on TikTok. It is also viewable on Facebook (here)Reuters reported on April 24 that former Fox News star Tucker Carlson had left the network, days after Fox Corp settled a defamation lawsuit in which Carlson had a key role (here). The TikTok user, whose handle is visible in the video “@tiktalkingschmidt" posted the content with the Carlson caption on April 24. This video predates Tucker Carlson’s exit of Fox.

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