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In the race for the White House, former President Donald J. Trump has attacked President Biden’s policies to expand renewable energy as a “plan to make China rich” because America’s greatest economic rival also controls many of the parts needed for electric-vehicle batteries, solar panels and other green technology. But eliminating Mr. Biden’s climate policies would end up helping China, economists say, by jeopardizing hundreds of billions of dollars in manufacturing investments that have already been made in the United States and sending that work back to other countries, including China. “From a manufacturing perspective, you’re just ensuring the Chinese edge in these technologies continues to get wider.”Mr. Trump, who has called climate change a “hoax,” has targeted “every one” of Mr. Biden’s policies designed to transition the United States away from fossil fuels. That includes regulations to encourage electric vehicles and solar and wind energy while cracking down on pollution from coal-burning power plants and restricting oil drilling on public lands and in federal waters. The former president has also promised to withdraw the United States from global agreements to reduce greenhouse gas emissions.
Persons: Donald J, Trump, Biden’s, , Stuart, Mackintosh, Mr Organizations: White Locations: China, United States
Northeastern Syria CNN —He had had visitors just once before, years ago when he first arrived in prison at 14. According to Amnesty, the estimated 30,000 children currently held in at least 27 detention facilities and two detention camps – Al-Hol and Al-Roj – in northeastern Syria represent the highest concentration of children arbitrarily detained and deprived of their freedom anywhere in the world. CNN was granted extremely rare access inside detention camps and facilities for suspected ISIS fighters and their family members, including Panorama prison. ‘A breeding ground for the next generation of ISIS’At Al-Hol, a sprawling detention camp of faded tents, rusted barbed wire and wind-swept earth, the scale of the problem reveals itself. Hoda Muthana holds hands with her 7-year-old son at the Al-Roj detention camp in northeastern Syria.
Persons: Northeastern Syria CNN —, Stefan Uterloo, Uterloo, ” Uterloo, It’s, We’ve, , Roj, Mazloum Abdi, ” Mazloum, Erik Kurilla, Mike Pratt, Hol, , Ní Aoláin, , you’ve, it’s, Shamil Chakar, doesn’t, ” Shamil, , Brandy Salman, Hoda, She’s, Muthana, Trump, Hoda Muthana, Christina Jump, Scott McWhinnie, Oscar Featherstone, Augusta Anthony , Lou Robinson, Sarah Tilotta, Eliza Mackintosh, Laura Smith Organizations: Northeastern, Northeastern Syria CNN, American, CNN, ISIS, Syrian Democratic Forces, Panorama, Amnesty, United Nations, SDF, UN, US military’s, Command, US, Boys, Twitter, State Department Locations: Northeastern Syria, United States, Suriname, Dutch, South America, Syria, Kurdish, Iraq, Hol, Al, Panorama, Baghouz, Cologne, Germany, Minnesota, American, Alabama, US
CNN spoke to three Israeli whistleblowers who worked at the Sde Teiman desert camp, which holds Palestinians detained during Israel’s invasion of Gaza. Reports of abuse at Sde Teiman have already surfaced in Israeli and Arab media after an outcry from Israeli and Palestinian rights groups over conditions there. CNN has requested permission from the Israeli military to access the Sde Teiman base. The account tallied with details of a letter authored by a doctor working at Sde Teiman published by Ha’aretz in April. The structure, which resembles an animal pen, is located in the central area of the Sde Teiman compound.
Persons: Sde Teiman, , , , Ofer, Patrick Gallagher, Adnan al, Bursh –, Mohammed al, Ran, ” Dr, Mohammed Al, Shawish, abasement, “ You’d, Teiman, Ha’aretz, Israel, Ray, Tal Steiner, ” Steiner, – Ofer, West Bank –, Ibrahim Yassine, Abu Salah, Al, Barbara Arvanitidis, Tamara Qiblawi, Matthew Chance OSINT, Allegra Goodwin, Alex Platt, Abeer Salman, Ami Kaufman, Kareem Khadder, Mohammad Al Sawalhi, Carlotta Dotto, Lou Robinson, Mark Oliver, Tom James, Sarah Tilotta, Mark Baron, Julie Zink, Augusta Anthony Motion, Yukari Schrickel, Laura Smith, Eliza Mackintosh, Dan Wright, Matt Wells Editor’s, Matthew Chance, Al Hilou Organizations: Israel CNN —, CNN, Israel Defense Forces, Military, IDF, West Bank, Bosnian, Ahli Baptist Hospital, Social Media, CNN Al, , Ha’aretz, for Human Rights, Nasser Hospital, Planet Labs PBC Planet, Planet Labs, Palestinian Red Crescent Society Locations: Israel, Gaza, Palestinian, Al, Ahli, Israel’s, , London, Sde, Jerusalem
Sorry, boys — F1 is for the girls now
  + stars: | 2024-03-02 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +13 min
There's been one female team principal, and only two female drivers have officially qualified for a race in the sport's history. In 1975, Lella Lombardi, nicknamed the "F1 Female Trailblazer," became the first and only woman to score points in a Grand Prix. In November 2022, F1 Group CEO Stefano Domenicali said that about 40% of F1 fans were female, an 8% increase from 2017. Advertisement'If a girl gets something wrong, they know absolutely nothing'The new wave of F1 fans hasn't always met with open arms. Courtesy of Neha SridharLike Jung, Sridhar runs an F1 TikTok account, though hers leans toward the tech side of things.
Persons: , Bella Jung didn't, He's, Jung, Jung didn't, Bella Jung, Statista, Carlos Sainz, Kym Illman, Lissie Mackintosh, Toni Cowan, Brown, There's, Lella Lombardi, Ronald Dumont, Stefano Domenicali, McLaren's Lando Norris, hasn't, Lewis Hamilton, Neha Sridhar, Sridhar, Charles Leclerc, aren't, Irene Su, Su, who's, Su's, Taylor Swift, George Russell, Gongora, NurPhoto, fandoms, Hamilton, Mercedes, Ferarri, Zayn Malik, they're, it'll, Susie Wolff, Toto Wolff, she's, she'd, It's Organizations: Service, Oracle, Business, NASCAR, Netflix, Las Vegas, Twitter, Prix, Drivers, ESPN, Austrian, Guardian, Tech, NFL, Getty, F1 Academy Locations: Bahrain
Istanbul CNN —Sara Khreis replays the last day she spent with her mother over and over in her mind. Suddenly, they heard their neighbors outside screaming that an evacuation route had been organized: “Come on, get out, come on, get out!”Sara with her mother, Hala. Then they were on the street outside, joining a wave of other people holding white flags aloft: a universal symbol of surrender. The clip of Hala’s killing is one of a growing number that show unarmed civilians holding white flags being shot dead in Gaza. His father, holding a white flag, could be seen crying over his body.
Persons: Istanbul CNN — Sara Khreis, , ” Sara, Hala, Sara, , Tayem, Hala Khreis, ” Sara Khreis, Ramzi Abu Sahloul, Ahmed Hijazi, Hijazi, Sahloul, Hala’s, Cross, Hala didn’t, Mohammad, Faisel, ” Nour, Nour, ” Mohammad, Mohammad wasn’t, , Heba, ” Heba, Youssuf Abdel A’atti, ” Abdel A’atti, Sara Khreis, , ” CNN’s Scott McWhinnie, Gianluca Mezzofiore Organizations: Istanbul CNN, CNN, Human Rights Monitor, Israel Defense Forces, IDF, Turkish, International Committee, ICRC, Palestine Locations: Istanbul, Gaza, Hala, The Geneva, Gaza City, al, Palestinian, Turkey, Rafah
Rose Tarlow, 80, interior designer: “Inside Design” by Michael Greer (1962)Back when I was a student at New York’s School of Interior Design, I attended lectures by prominent talents of the day, including the design maestro Michael Greer, who helped decorate rooms in the White House during the [Dwight D.] Eisenhower and [John F.] Kennedy administrations. Greer’s lectures were my favorite — he kept all of us enthralled with his outlandish dictates. Although these days “Inside Design” may be considered rather old-fashioned, it still makes me smile. Mackintosh is one of our heroes, an architect but also an interior designer and watercolorist who oscillated between the world stage and the tight-knit creative community of Glasgow. It can’t be comfortable, but why bother with comfort when you’re designing a chair so striking?
Persons: Rose Tarlow, Michael Greer, Dwight D, Eisenhower, John F, Kennedy, Greer’s, Ruby Kean, “ Charles Rennie Mackintosh, Filippo Alison, Charles Rennie Mackintosh’s, Lisa, Jones, Mackintosh, watercolorist, there’s Organizations: New York’s School of Interior, eBay Locations: Scottish, London, New York, Glasgow
ETFs Make Bitcoin’s Problems Even Worse
  + stars: | 2024-01-16 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
The new bitcoin ETFs reconnect bitcoin both to Wall Street’s old financial infrastructure and to the dollar. Photo: Stephanie Keith/Getty ImagesThe new wave of U.S. bitcoin ETFs risk being doubly bad for investors. As holders of bitcoin they undermine the very purpose, and so the long-term value, of a cryptocurrency. And as ETFs launched at a moment of popularity they might be repeating the mistake of many past thematic funds by buying at a peak.
Persons: Wall, Stephanie Keith
Some of the unusually rapid return to form for stocks is thanks to the economy’s quick recovery from Covid lockdowns. Photo: Joe Raedle/Getty ImagesIf you’re finding it hard to remember the pandemic, you’re in good company: Investors have already consigned the Covid chaos to history. Someone who put $1,000 in the S&P 500 in December 2019—when the first infections occurred in Wuhan, China—and reinvested dividends would have made 6.8% annualized after inflation and had $1,299 by the end of last year. That return is bang in line with the annualized return investors have received in the stock market since 1802.
Persons: lockdowns, Joe Raedle, Organizations: Investors Locations: Wuhan, China
Five companies (Apple , Microsoft , Amazon , Nvidia and Alphabet ) make up about 25% of the S&P 500. Standard & Poor's estimates that nearly $13 trillion is directly or indirectly indexed to the S&P 500. The three largest ETFs (SPDR S&P 500 ETF Trust , iShares Core S&P 500 ETF , and Vanguard S&P 500 ETF ) are all directly indexed to the S&P 500 and collectively have nearly $1.2 trillion in assets under management. S&P 500: Apple and others will be for sale. In addition, three companies are being added to the S&P 500: Uber , Jabil , and Builders FirstSource .
Persons: It's, JD.com, Phil Mackintosh, Robert Jankiewicz Organizations: Nasdaq, Apple, Microsoft, Nvidia, Broadcom, Trust, Vanguard, Comcast, Exxon Mobil, Visa, Marathon Petroleum, P Global, Builders, Alaska Air, SolarEdge Technologies, CDW Corporation, Cola Europacific Partners, Roper Technologies, eBay, EBAY, Enphase Energy, Video Communications, Pfizer, Seagen, Technology, CNBC
This year has been almost universally bad for clean investments., and the two worst performers still in the S&P 500 are solar companies. Photo: Drew Angerer/Getty ImagesInvest according to your political views, and you’re unlikely to make money. Companies that appeal to left-wingers or to right-wingers might be good or bad investments, but the fact of being, on current politics, clean and union-friendly for the left or oily and gun-friendly for the right is neither here nor there. What matters is their ability to make money and how highly they are valued. This has been rammed home for environmentally-minded investors in the past year, as a coordinated selloff in anything with green credentials crushed the idea of making money while doing good.
Persons: Drew Angerer Organizations: Invest, Companies
Charlie Munger and Warren Buffett, with hand raised, in 2006. Munger persuaded Buffett to focus on buying ‘wonderful businesses at fair prices.’ Photo: David Silverman/Getty ImagesIf you want to invest like Charlie Munger , you’re late to the party. The investor’s genius in spotting what’s become known as the “quality factor”—buying good companies—made a ton of money for him and business partner Warren Buffett . Nearly 50 years on, it might not be such a great time to copy his strategy. For those who missed the late Munger’s brilliance, he’s the one who persuaded the billionaire Buffett to shift Berkshire Hathaway ’s focus from “cigar butt” value stocks—bad companies that no one else wants, and so are cheap—to buying “wonderful businesses at fair prices.”
Persons: Charlie Munger, Warren Buffett, Munger, Buffett, David Silverman, you’re, what’s, , Berkshire Hathaway ’ Organizations: Berkshire
Binance Guilty Plea Shows What Crypto’s Really About
  + stars: | 2023-11-22 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
Binance CEO Changpeng Zhao, in center as he leaves a Seattle courthouse, stepped down and pleaded guilty to violating U.S. anti-money-laundering requirements. Photo: M. Scott Brauer for The Wall Street JournalSo it turns out that of the two largest crypto exchanges, one was a fraud and the other was a money launderer. Whoever could have guessed? Skeptics of bitcoin and other cryptocurrencies have had their prejudices reinforced. The two main use cases—fraud and crime—have been exposed to the public in dramatic fashion, so now all we have to do is sit back and wait for the inevitable collapse in value.
Persons: Changpeng Zhao, Scott Brauer Organizations: The Wall Locations: Seattle
What’s Behind the Market’s Wild Overreactions
  + stars: | 2023-11-17 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
The Wall Street cliché is that investors hate uncertainty. Their response recently has been to swing from being entirely certain about one thing to quite sure that the opposite is true, leading to violent moves in the markets based on thin evidence. This week’s inflation figures marked the denouement of yet another shift in the market narrative, and what on the face of it was a wild overreaction to some good inflation figures.
The Trillion-Dollar Win Hiding in Your Mortgage
  + stars: | 2023-11-14 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
Homeowners are clinging to their homes now that 30-year mortgage rates have leapt to near 8%. Photo: Jamie Kelter Davis for The Wall Street JournalIt is time to look more favorably on your mortgage. Getting one’s head around the idea that money you owe to someone else is an asset is hard. And sure, you still owe the money. But apply the logic used in the market, and there’s been a transfer of well over $1 trillion in wealth from banks and bondholders to borrowers as rates have soared—a gain in wealth widely ignored by the beneficiaries.
Persons: Jamie Kelter Davis, there’s Organizations: The Wall
Does the Federal Reserve deserve credit for the decline in inflation? The economic evidence is clear: No, not a lot. On the face of it, inflation plummeted after the Fed, flat-footed at first, finally caught up by imposing a rapid series of rate increases. Dig into what actually happened, and there is no obvious link between the Fed action and the slowdown in inflation.
In the Long Run, Investing Is All About the Economy*
  + stars: | 2023-11-03 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate unchanged. Photo: Kevin Lamarque/ReutersWednesday provided a perfect demonstration of the three most important issues facing markets: the economy, government spending and the Federal Reserve. Ten-year Treasury yields posted their third-biggest daily drop since March, when Silicon Valley Bank failed. Investors put equal weight on the three issues—knocking 0.05 percentage point off the yield after each of three events—as their worries eased about the pace of growth, the scale of government bond issuance and how long the Fed will keep rates high.
Persons: Jerome Powell, Kevin Lamarque Organizations: Reuters, Federal Reserve, Silicon Valley Bank
CNN —Israeli ground forces are closing in on Gaza City, the largest and most densely packed population center in the Palestinian enclave, satellite imagery and videos from open and official sources suggest. “IDF forces encircle Gaza from the air, land and sea, surrounding the city of Gaza and its surroundings,” Daniel Hagari, an IDF spokesman, said on Friday. Satellite imagery and footage have also shown Israeli forces on Salah al-Din Road, a highway running the length of the strip, seemingly blocking anyone still in Gaza City from moving south. The urban area encompassing Gaza City is home to nearly 2 million people living in an 88-square-mile expanse, which equates to about 21,000 people per square mile. A man sits on debris as Palestinians conduct a search and rescue operation after the second bombardment to the Jabalya refugee camp in Gaza City, on November 1.
Persons: ” Daniel Hagari, , Hanoun, Beit Lahiya, , Salah al, Yousif Al Saifi, Israel, Ali Jadallah, Benjamin Netanyahu, Miri Eisin, ” Eisin, Al, Beit Hanoun, Qassam, Alexi J . Rosenfeld, Israel Ziv, , Dr, Abu, Sittah, Tal Al, Katie Polglase, Andrew Carey, Tamar Michaelis, Allegra Goodwin, Mike Pratt Organizations: CNN, Israel Defense Forces, IDF, Hamas, European Space Agency, Palestinian Ministry of Health, Getty, Qassam Brigades, Tanks, Al, Quds Hospital, Palestinian Red Crescent Society Locations: Gaza City, Gaza, Gaza’s, Beit Hanoun, Ramallah, Israel, Anadolu, Wadi Gaza, Miri, Israeli, Al Shati, Beit, Al, Quds, Hawa
What Makes This Market Correction So Confusing
  + stars: | 2023-10-31 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
It isn’t just rate-sensitive stocks that have fallen. The biggest tech stocks ought to have fallen more than the rest but haven’t. Photo: Bloomberg NewsA former editor of the Economist magazine explained the craft of journalism as “simplify, then exaggerate.” The stock-market correction offers plenty of opportunities to do exactly that, but none are satisfactory on their own. Since the S&P 500 peaked at the end of July, 10-year Treasury yields have jumped almost a full percentage point to 4.85%. Naturally, stocks have fallen—more than 10% from their recent highs, the standard definition of a “correction.”
Organizations: Bloomberg, Economist, Fed, Investors, Federal Reserve, Treasury
But CNN’s analysis suggests that a rocket launched from within Gaza broke up midair, and that the blast at the hospital was the result of part of the rocket landing at the hospital complex. All agreed that the available evidence of the damage at the site was not consistent with an Israeli airstrike. In the past few days, a number of outlets have published investigations into the Al-Ahli Hospital blast. CNN geolocated the hospital blast by referencing nearby buildings just west of the complex. Marc Garlasco, the former defense intelligence analyst and UN war crimes investigator, says there are signs of a lack of evidence at the Al-Ahli Hospital site.
Persons: Joe Biden, , Israel, , Abed Khaled, Jazeera, Al, ” Markus Schiller, Cedric Leighton, Chad Ohlandt, PIJ, Fadel Na’eem, Na’eem, Dr, , , Marc Garlasco, Chris Cobb, Smith, I’ve, we’ve, ” Cobb, Patrick Senft, Senft, it’s, There’s, Cobb Organizations: CNN, Palestinian, National Security Council, Shifa, Ahli Baptist Hospital, Israel, Al, NATO, European Union, US Air Force, US National Security Agency, Rand Corporation, , Brigades, Quds Brigades, IDF, UN, Amnesty International, Armament Research Services, Islamic Locations: Ahli, Gaza City, Gaza, Israel, Islamic, Al, Al Jazeera, Tel Aviv, Europe, Washington , DC, Ashdod, Quds, rummage
There’s a Reason This Bull Market Feels So Weird
  + stars: | 2023-10-20 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
At the start of the past four bull markets, the rebound was led by banks and smaller companies. Photo: Mark Lennihan/Associated PressWe are now more than a year from the bear-market low of October 2022, and while the bull market isn’t exactly raging, stocks are still up more than 20%. The markets, though, aren’t behaving as they usually do at the start of long-lasting bull markets. In some respects, the past year looks more like the tail end of one than the beginning. This makes me worry it may not last.
Persons: Mark Lennihan
The Fed Is Putting Too Much Faith in Markets
  + stars: | 2023-10-13 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/the-fed-is-putting-too-much-faith-in-markets-69a4f841
Persons: Dow Jones
Why the Israel-Hamas War Matters for Investors
  + stars: | 2023-10-09 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/middle-east/why-the-israel-hamas-war-matters-for-investors-f2e6e203
Persons: Dow Jones, f2e6e203 Locations: israel
Monetarism Is Back. It May Not Last.
  + stars: | 2023-10-06 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/monetarism-is-back-it-may-not-last-decae7bf
Persons: Dow Jones, decae7bf
Japan Is the Most Exciting Market in the World
  + stars: | 2023-10-04 | by ( James Mackintosh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/japan-is-the-most-exciting-market-in-the-world-181b5b80
Persons: Dow Jones Locations: japan
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/bond-yields-up-stocks-down-but-somethings-missing-8c73f22b
Persons: Dow Jones
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