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S&P 500, Nasdaq hit records on vaccine optimism
  + stars: | 2020-12-01 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The S&P 500 and Nasdaq Composite indexes jumped to record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery following upbeat Chinese factory data. All 11 S&P 500 sector indexes rose, with communication services jumping 2.4% and leading gains. The Dow Jones Industrial Average was up 0.92% at 29,910.46 points, while the S&P 500 gained 1.42% at 3,673.05. Tesla Inc rose 2.4% after S&P Dow Jones Indices said it would add one of Wall Street’s most valuable companies to the S&P 500 index all at once on Dec. 21, rather than in two chunks. The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 175 new highs and seven new lows.
Persons: Dado Ruvic, , Bill Northey, Steve Mnuchin, Jerome Powell, Nancy Pelosi, Dow Organizations: Reuters, Nasdaq, REUTERS, Pfizer Inc, Moderna Inc, U.S, Bank Wealth Management, Investors, Treasury, Federal, Senate Banking Committee, Dow Jones, Communications, Tesla, Dow Jones Indices, Micron Technology Inc, NYSE Locations: U.S, Minneapolis, United States
S&P 500, Nasdaq end at record highs on vaccine optimism
  + stars: | 2020-12-01 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - The S&P 500 and Nasdaq Composite indexes closed at record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery following upbeat Chinese factory data. Several other countries also reported sharp upticks in factory activity. All 11 S&P 500 sector indexes rose, with communication services among the leading gainers. All three main stock indexes gained more than 10% in November. Tesla Inc rose after S&P Dow Jones Indices said it would add one of Wall Street’s most valuable companies to the S&P 500 index in one go on Dec. 21, rather than in two tranches.
Persons: , Bill Northey, Steve Mnuchin, Jerome Powell, Dow Organizations: Reuters, Nasdaq, Pfizer Inc, Moderna Inc, U.S, Bank Wealth Management, Treasury, Federal, Senate Banking Committee, Dow Jones, Communications, Tesla, Dow Jones Indices, Micron Technology Inc Locations: Minneapolis, U.S
While smaller names typically see outsized price moments compared to their larger brethren, the small cap gains for November have nearly doubled the roughly 11% gain in the S&P 500 this month. Small cap stocks are generally seen as the first to recover as the U.S. economy pulls out of a recession. In the large cap S&P 500, the same four sectors account for about 24.5% of the overall index weighting. Graphic: 20-year performance of Russell to S&P 500In addition, small caps appear comparatively cheap, even with the strong November performance. Graphic: Small cap price to earnings relative to large capWhile the longer economic outlook may be positive, the next few months are expected to be rocky, which could lead to some volatility for small caps.
Persons: Brendan McDermid, Russell, , Tom Hainlin, “ You’ve, Steven DeSanctis, DeSanctis, Keith Lerner, Michael Feroli, It’s, Morgan, Lisa Shalett, Sam Stovall, Stovall Organizations: YORK, REUTERS, Netflix Inc, Moderna Inc, Pfizer Inc, U.S, Bank, Group, Jefferies, FTSE Russell, Suntrust, Services, JPMorgan, Federal, Morgan Stanley Wealth Management, Research Locations: U.S, Wall St, New York, COVID, Minneapolis, Atlanta
Michael Jordan donates $2 million from 'The Last Dance' to food banks
  + stars: | 2020-11-30 | by ( ) www.nbcnews.com + 0.99   time to read: +1 min
Michael Jordan has donated $2 million of earnings from his docuseries “The Last Dance” to local food banks in the Carolinas and Chicago. Jordan reportedly made $3 million to $4 million for his participation in the Emmy-winning, 10-part ESPN docuseries detailing his last season with the Chicago Bulls. “An incredible gift to be thankful for – NBA legend Michael Jordan is donating $2 million to help our neighbors facing hunger! Join Michael & visit http://FeedingAmerica.org/COVID19 to learn how you can donate or volunteer this holiday season,” Feeding America tweeted in response to the gift. The NBA legend also recently pledged to donate $100 million over the next 10 years to organizations dedicated to fighting for racial equality.
Persons: Michael Jordan, Jordan, ” Jordan, , George Floyd’s Organizations: Carolinas, ESPN, Chicago Bulls, , NBA, Minneapolis police, Facebook, Twitter Locations: Chicago, Minneapolis
(Reuters) - U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said. REUTERS/Win McNamee/File PhotoInsurers are meeting company officials to examine diversity practices before renewing or signing new so-called D&O policies to cover lawsuits against directors and officers, insurers and brokers said. Before pricing coverage, insurers want details about top-level succession planning and how companies recruit, they said. Since then, at least seven lawsuits have been filed against major U.S. companies alleging deficiencies in diversity practices. AmTrust Financial Services Inc has also been meeting with corporate clients to better understand diversity practices and improvement plans, said Jim Seymour, whose division writes D&O coverage.
Persons: Win McNamee, , Amber Finch, George Floyd, Robbins Geller Rudman, Dowd, Tricia Melley, , ” Melley, Jim Seymour, Christine Williams, Williams, ” Williams Organizations: Reuters, U.S . Court, REUTERS, Minneapolis, Cisco Systems Inc, Cisco, U.S, Supreme, North America, AXA XL, AXA SA, underwriters, AmTrust Financial, Inc, Underwriters Locations: Alexandria ,, California, U.S
Full coverage of the coronavirus outbreakThe HealthPartners Central Minnesota Clinic where Decker worked was a victim of the wave of Covid-19-related closings that is starting to wash across America, reducing access to care in areas already short on primary care doctors. Green Center and the Primary Care Collaborative found in late September that 7 percent of primary care practices were unsure whether they could stay open past December without financial assistance. Federal data show that 82 million Americans live in primary care "health professional shortage areas," and the country needed more than 15,000 more primary care practitioners even before the pandemic began. Federal figures show that pediatricians earn an average of $184,400 a year and that doctors of general internal medicine earn $201,400, making primary care doctors among the lowest-paid physicians. Caine, the Minnesota mom, said her own health care has suffered because she also saw providers at the closed Sartell clinic.
Persons: Cormay Caine, Caine, Heather Decker, couldn't, She's, Decker, Larry A, Karen Joynt Maddox, St . Louis, Michael LeFevre, Gary Price, LeFevre, it's, Doctors, Rebecca Etz, pediatricians, Joseph Provenzano, Said Dr, Ada Stewart, We've, she's, they've Organizations: Central Minnesota Clinic, Physicians Foundation, Green Center, Center for Health Economics, Washington University, University of Missouri, California Medical Association, Twin, NBC, Provider Relief, American Academy of Family Physicians, Twitter, Facebook Locations: Minnesota, Minneapolis, America, Virginia, St ., that's, Columbia , Missouri, HealthPartners, Twin Cities, Wisconsin, Sartell, Missouri, Modesto , California
REUTERS/Brendan McDermidAnalysts are projecting that earnings for S&P 500 companies will rise 23% next year after falling more than 15% this year due to the coronavirus pandemic, according to IBES data from Refinitiv. The S&P 500 is trading at 23 times expected earnings for the next four quarters, only slightly lower than its June peak of 25 times expected earnings - its highest in roughly two decades. S&P 500 earnings growth estimates for 2021 have weakened from 28% on Oct. 1 to 22.5% as of Friday, based on Refinitiv’s data. “A disconnect is starting to occur,” said Nick Raich, chief executive of The Earnings Scout, an independent research firm. Analysts expect energy earnings to jump nearly 600% in 2021, while they project industrial earnings to climb 79%, based on Refinitiv’s data.
Persons: Brendan McDermid, , Nick Raich, Savita Subramanian, Jim Paulsen, Joe Biden’s, Biden Organizations: YORK, New York Stock Exchange, REUTERS, BofA Global Research Locations: New York City, U.S, Minneapolis
Nearly every business on Tennyson Street, in a gentrifying neighborhood about 15 minutes from downtown Denver, was hit hard by the pandemic. People walk by the Wana Art House on Tennyson Street, in Denver on Wednesday. A person walks by shops on Tennyson Street in Denver on Wednesday. … If I had to be fully open, I’d be very scared.”The handful of developers who have staked their claim on Tennyson Street also face uncertainty. Lenny Taub, who owns First Stone Development, is working on his second project on Tennyson Street.
Persons: Alyssa Manny’s, Little, Biju Thomas, , ” Thomas, ” Thomas ’, Rachel Woolf, , Manny, ” Manny, Tennyson, Corepower Yoga, Drew Watson, Leah Watson, Watson, Chuck's Barber, Tyler Quinn, “ It’s, ” Quinn, Quinn, Elias Lehnert, Lehnert, “ Lehnert, ” Lehnert, Lenny Taub, Rachel Lehnert, ” Taub, Taub, It’s, Alyssa Manny Organizations: DENVER, NBC News, Small Business Administration, Restaurants, , Tennyson, Corepower, NBC, Beach, Fencing, Colorado Cherry Company, Asana Partners, Stone, Colorado Cherry Co Locations: Denver, India, U.S, Barre, Minneapolis, Colorado
PARIS (Reuters) - French President Emmanuel Macron is “very shocked” by images purporting to show a Black music producer being beaten up and racially abused by Paris police, BFM TV reported, quoting comments given to it by the presidency. FILE PHOTO: French President Emmanuel Macron stands at attention after laying a wreath in front of the statue of Georges Clemenceau during Armistice Day commemorations marking the end of World war I in Paris, France, November 11, 2020. The music producer told reporters he was jumped on by police at his studio in Paris’s 17th arrondissement on Nov. 21. Interior Minister Gerald Darmanin told France 2 television on Thursday that the officers would be sanctioned if the alleged wrongdoing was confirmed. The incident occurred amid controversy over a draft law that would limit journalists’ ability to show images of French police officers at work.
Persons: Emmanuel Macron, Georges Clemenceau, Christian Hartmann, Michel, Black, Black American George Floyd, Gerald Darmanin, George Floyd, Adama Traore Organizations: PARIS, Paris police, REUTERS, Black American, police, France Locations: Paris, France, Minneapolis, Paris’s
PARIS (Reuters) - French President Emmanuel Macron is “very shocked” by images showing Paris police beating up a Black music producer, a government source said on Friday. The beating inside the entrance of a building was captured on closed circuit television and mobile phone footage which circulated online. The arrest of Zecler came amid fierce debate in France over draft legislation that would limit journalists’ ability to document French police officers at work. Dominique Sopo, President of anti-racism group “SOS Racisme” told Reuters Zecler had been the target of a “racist attack”. Interior Minister Gerald Darmanin told France 2 television on Thursday that the officers would be punished if the alleged wrongdoing was confirmed.
Persons: Emmanuel Macron, Michel Zecler, Black, Black American George Floyd, Zecler, Dominique Sopo, , Reuters Zecler, Gerald Darmanin, “ BlackLivesMatter, George Floyd, Adama Traore Organizations: PARIS, Paris, Black American, Reuters, France Locations: Paris, Minneapolis, France, Paris’s
PARIS (Reuters) - President Emmanuel Macron said on Friday that images showing Paris police beating up a Black music producer were shameful for France, and that government would have to find a way to restore public confidence in the force. “The images we have all seen of the aggression against Michel Zecler are unacceptable, they are shameful for all of us. France should never let hate or racism prosper,” Macron said in a statement on his Facebook page. Interior Minister Gerald Darmanin told France 2 television on Thursday that the officers would be punished if the alleged wrongdoing was confirmed. Many in the march also protested against police violence, some with their faces bandaged in support of Michel Zecler.
Persons: Emmanuel Macron, Michel Zecler, ” Macron, , Black, Black American George Floyd, Georges Clemenceau, Christian Hartmann, Dominique Sopo, Reuters Zecler, Gerald Darmanin, “ BlackLivesMatter, George Floyd, Adama Traore Organizations: PARIS, Paris, Black American, REUTERS, Reuters, France Locations: France, Paris, Europe, Minneapolis, Paris’s, Nantes
U.N. decries police use of racial profiling derived from Big Data
  + stars: | 2020-11-26 | by ( Stephanie Nebehay | ) www.reuters.com sentiment -0.99   time to read: +2 min
GENEVA (Reuters) - Police and border guards must combat racial profiling and ensure that their use of “big data” collected via artificial intelligence does not reinforce biases against minorities, United Nations experts said on Thursday. “It’s a rapidly developing technological means used by law enforcement to determine, using big data, who is likely to do what. “It’s widely used in the United States of America, and we’ve had complaints from black communities in the European Union as well. And Latin America where people of African descent and indigenous people complain about profiling,” Shepherd said, citing Brazil and Colombia. Many police use “predictive” profiling systems that lead to identity checks, traffic stops and searches, based on previous arrest data about a neighbourhood, Shepherd said.
Persons: George Floyd, Jonathan Ernst, , ” Verene Shepherd, “ We’ve, Shepherd, , we’ve, ” Shepherd, afer Organizations: United, DC National Guard, House, Washington , D.C, REUTERS, Companies, Reuters, Minorities, Union Locations: GENEVA, United Nations, Minneapolis, Washington ,, Jamaica, United States of America, America, Brazil, Colombia, United States, American
A recent opinion poll showed Sunak was the most popular figure among rank-and-file members of the ruling Conservative Party. The same poll gave Prime Minister Boris Johnson an approval rating of minus 10 percent. The prime minister, who was hospitalized with the coronavirus in April, is currently self-isolating after being exposed to the virus again. Chancellor of the Exchequer Rishi Sunak takes part in a BBC Children In Need and Comic Relief 'Big Night In' on April 23, 2020 in London. Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street in London in July.
Persons: Rishi Sunak, Sunak, Boris Johnson, He's, Kamala Harris, Joe Biden's, George Floyd, Sunder Katwala, Ipsos MORI, Enoch Powell, Johnson, Tony Blair, Katwala, British Obama, Shashi Tharoor, Tharoor, Goldman Sachs, Akshata Murthy, N.R, Narayana Murthy, Carl Emmerson, Emmerson, Britain's, Hannah Mckay, Reuters Johnson, Sunak chuckled Organizations: Conservative Party, United, Newspapers, Yorkshire Dales, Britain's Conservative Party, British, NBC, Labour Party, Democratic, Relief, Comic Relief, Eton, Johnson's, Winchester College, Oxford University, Stanford University in, Infosys, European Union, Brexit, Sunak, Analysts, Conservative, Fiscal Studies, Reuters Locations: Britain, United Kingdom, Europe, Yorkshire, England, Minneapolis, British, Democratic Republic of Congo, London, America, India, Stanford University in California, Downing
Before the event, a local drag racer had warned via Facebook Live that Black Lives Matter was coming “to bring hate to our town,” according to BuzzFeed. Black Lives Matter protesters, encircled by police, from right, and counter protesters, from left, meet along East Plane Street in Bethel, Ohio on June 15, 2020. The actions of the Minneapolis police reminded them of the corrupt, brutal authorities back in India, Kaur recalled. The group’s youth summer program, which usually visits Pismo Beach for a week, instead held discussions via Zoom on Black Lives Matter. “I see Kevin on the side of the road — what’s he doing?” he recalled one of them saying.
Persons: Matthews, Matthews hadn’t, he’d, ProBlac, , Zachary Bearheels, they've, ” Matthews, ” Alicia Gee Alicia Gee, Patricia Lawrence, Gee, Lawrence, ” Lawrence, George Floyd, Breonna Taylor, Ahmaud Arbery, Lonnie Meade, Sen, Sherrod Brown, Brown, Jay Noble, Steve Teague, , Albert Cesare, Imagn, Black, Gee didn’t, she’s, Jaspreet Kaur, George Floyd’s, Maghar, Kamaljeet, Kaur, civically, , ’ ”, , ” Kamaljeet, Harkaran Thiara, Jaspreet, Maghar Basra, Basra, she’d, Kaur —, ” Kaur, Dad, you’re, Kevin Conner, Conner, coronavirus, Kevin Conner's, “ They’ve, ” Conner, George W, Bush, Al Gore, Chris Haney, ” Haney, Floyd, Conner wasn’t, He’d, Jordan Davis, Davis, Matthew Bennett, Haney, Kevin, Biden, Conner isn’t Organizations: American Civil Liberties Union, Nebraska, ACLU, . Police, Omaha they’ve, Democrat, Republican, Clermont County Democratic Party, Facebook, Bethel Police, East, Antiracist, Black Americans, Jakara, Radio Punjabi, CNN, Klux Klan, Trump Locations: Omaha, Nebraska, Ohio, Clermont, Bethel, , Bethel , Ohio, Ceres, Central, Kaur, Punjab, India, Maghar Basra, Kamaljeet Basra, Minneapolis, ” Kamaljeet Basra, Ceres , California, scribbled, Radio Punjabi USA, Pismo, Basra, Florida, United, Middleburg, Fla, Jacksonville, China, Clay County, Baker County, Soviet Union, Gadsden
The index is expected to end 2020 at 3,600, close to its current level, according to the poll median. Wall Street analysts expect S&P 500 earnings to jump 23% in 2021 after falling more than 15% in 2020, according on I/B/E/S data from Refinitiv. Some strategists predict the gains in cyclicals will extend far into 2021, but others say the rotation may not be long-lived. He forecasts the S&P 500 will end next year at 4,050. Strategists in the poll said expectations the Fed will remain accommodative help to bolster the case for equities next year.
Persons: , Sameer Samana, Jim Paulsen, , Jonathan Golub, Joe Biden’s, Biden, Janet Yellen, Hank Smith Organizations: YORK, Wall, New York Stock, REUTERS, Reuters, Wells, Wells Fargo Investment Institute, Wall Street, Dow, Credit Suisse Securities, TECH, Apple Inc, Microsoft Corp, Amazon ., U.S, Cabinet, Haverford Trust Co Locations: American, Wells Fargo, Minneapolis, U.S, Monday’s, cyclicals, Radnor , Pennsylvania
The index is expected to end 2020 at 3,600, close to its current level, according to the poll median. Wall Street analysts expect S&P 500 earnings to jump 23% in 2021 after falling more than 15% in 2020, according on I/B/E/S data from Refinitiv. Some strategists predict the gains in cyclicals will extend far into 2021, but others say the rotation may not be long-lived. He forecasts the S&P 500 will end next year at 4,050. Strategists in the poll said expectations the Fed will remain accommodative help to bolster the case for equities next year.
Persons: , Sameer Samana, Jim Paulsen, , Jonathan Golub, Joe Biden’s, Biden, Janet Yellen, Hank Smith Organizations: YORK, Wall, New York Stock, REUTERS, Reuters, Wells, Wells Fargo Investment Institute, Wall Street, Dow, Credit Suisse Securities, TECH, Apple Inc, Microsoft Corp, Amazon ., U.S, Cabinet, Haverford Trust Co Locations: American, Wells Fargo, Minneapolis, U.S, Monday’s, cyclicals, Radnor , Pennsylvania
The index is expected to end 2020 at 3,600, close to its current level, according to the poll median. Wall Street analysts expect S&P 500 earnings to jump 23% in 2021 after falling more than 15% in 2020, according on I/B/E/S data from Refinitiv. Some strategists predict the gains in cyclicals will extend far into 2021, but others say the rotation may not be long-lived. He forecasts the S&P 500 will end next year at 4,050. Strategists in the poll said expectations the Fed will remain accommodative help to bolster the case for equities next year.
Persons: , Sameer Samana, Jim Paulsen, , Jonathan Golub, Joe Biden’s, Biden, Janet Yellen, Hank Smith Organizations: YORK, Wall, New York Stock, REUTERS, Reuters, Wells, Wells Fargo Investment Institute, Wall Street, Dow, Credit Suisse Securities, TECH, Apple Inc, Microsoft Corp, Amazon ., U.S, Cabinet, Haverford Trust Co, IPSOS Locations: American, Wells Fargo, Minneapolis, U.S, Monday’s, cyclicals, Radnor , Pennsylvania
Twitter announced Tuesday it's relaunching its public application program for verified status, marked by a blue check. Twitter is rebooting its verification system, and the proposed new guidelines could see persistent rule-breakers stripped of their coveted blue check-marks. Twitter gives "verified" status to selected accounts belonging to public figures and organizations, signified by a blue check mark next to their account name. The system has been on ice for three years, but the company announced Tuesday its application process for verified status would relaunch in early 2021. Verified accounts could lose their blue checks if they repeatedly break Twitter's rules.
Persons: Donald Trump, Trump, Minneapolis George Floyd protestsc, Joe Biden, he's, Twitter, Jason Kessler, Kessler Organizations: Twitter, Charlottesville, Minneapolis, Trump
Rep. Ilhan Omar, a Minnesota Democrat, handily won a second term this month, but underperformed President-elect Joe Biden by more than perhaps any other Democratic candidate in the country. A pro-marijuana alternative and a well-funded RepublicanExperts chalked up much of Omar's underperformance to pro-marijuana legalization third parties, which recently achieved major party status and made it onto the ballot this year. Donna Victoria, a Democratic pollster, called the third-party candidate the "single biggest factor" in Omar's underperformance. Suburban ticket-splittingDown-ballot Democrats in Minnesota particularly underperformed Biden in the suburbs. Olson argued Omar's underperformance in Edina is an indication that some suburban voters were turned off by Omar's more progressive politics and polarizing profile.
Persons: Ilhan Omar, Joe Biden, Minnesota politicos, underperformance, underperformed Biden, Biden, Omar, Donna Victoria, Trump, Tim Lindberg, University of Minnesota Morris, President Trump, Lindberg, Lacy Johnson, George Floyd's, she's, Blois Olson, Olson, Omar's, Jill Biden, Stephen Maturen, Donald Trump, Hillary Clinton, Jeremy Slevin, Omar campaign's, Slevin, Clinton, Sen, Bernie Sanders Organizations: Minnesota Democrat, Democratic, Republican, University of Minnesota, Minneapolis police, Republicans, Democrats, Democratic U.S, Utepils Brewery, Trump, Biden, Minnesota Democratic, Farmer, Labor Party Locations: Minnesota, Minnesota's, Omar's, Omar's underperformance, . Minnesota, Minneapolis, Edina —, Edina, Minneapolis , Minnesota, Omar's district, Hennepin County
VATICAN CITY - Wilton Gregory, the archbishop of Washington, D.C. who this week will become the first Black American cardinal, said on Tuesday he wanted to find common ground with the incoming U.S. administration despite disagreements on some issues. Gregory, who clashed with President Donald Trump earlier this year, is one of the 13 Roman Catholic Church prelates whom Pope Francis will raise to the rank of cardinal on Saturday. The American Church is divided over many issues, including abortion. Conservative Catholics have criticized Joe Biden, who will become the first Catholic president since John F. Kennedy in 1961, for his support of abortion rights. Some U.S. conservative bishops say Biden, who attends Mass regularly, should be denied the sacrament of communion.
Persons: Wilton Gregory, Gregory, Donald Trump, Pope Francis, Joe Biden, John F, Kennedy, , ” Gregory, Biden, , , Trump’s, Pope John Paul II, Trump, George Floyd Organizations: CITY, Black, Roman Catholic Church, Conservative, Reuters, Catholic, Black Catholic, Facebook, Twitter Locations: Washington ,, Washington, Minneapolis
Pope Francis on Monday met with five players from the NBA to discuss social and economic injustice. "This meeting validates the power of our players' voices," said Michele Roberts, executive director of the National Basketball Players Association. The holiest man in Catholicism met with a delegation of professional basketball players on Monday to discuss their efforts to combat injustice in the United States. Korver was joined by four other players at the Vatican, where they discussed their efforts to address "social and economic injustice and inequality," according to their union, the National Basketball Players Association. He then extended an invite to the NBA players, Axios reported.
Persons: Pope Francis, Anthony Tolliver, Michele Roberts, Kyle Korver, Korver, George Floyd, Axios, Roberts Organizations: Monday, NBA, Memphis Grizzlies, National Basketball Players Association, Visit, Milwaukee Bucks Locations: United States, Minneapolis , Minnesota
A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Investors have closely watched retailers who sell home improvement supplies, exercise equipment and technology for remote learning benefit from stay-at-home trends during the coronavirus pandemic. Best Buy warned it's juggling higher shipping costs and inventory challenges during the holiday season. Best Buy CEO Corie Barry, however, said she's confident that the global health crisis will have a lasting effect on the way Americans live, shop and spend their money. Companies also spoke of their plans to break into new categories, make online sales more profitable or grab more market share.
Persons: Corie Barry, there's, Lowe's, it's, Barry, — CNBC's Lauren Thomas Organizations: Target, U.S, Dick's Sporting Goods, AMC Entertainment, Companies Locations: Montebello , California, Minneapolis
NBA players meet Pope Francis to discuss social justice issues
  + stars: | 2020-11-23 | by ( Reuters Staff | ) www.reuters.com + 1.00   time to read: +1 min
(Reuters) - Five NBA players met with Pope Francis at the Vatican on Monday to discuss social justice issues following a season where combating racial inequality was a dominant theme. Slideshow ( 2 images )The players who met the Pope were Anthony Tolliver, Kyle Korver, Sterling Brown, Jonathan Isaac and Marco Belinelli as well as National Basketball Players Association (NBPA) executive director Michele Roberts. Roberts said the meeting validated the power of the players’ voices. The COVID-19 interrupted season resumed inside a bio-secure bubble in Florida with players wearing social justice messages on their jerseys and “Black Lives Matter” printed on the basketball courts. The new NBA regular season is scheduled to kick off on Dec. 22.
Persons: Pope Francis, Pope, Anthony Tolliver, Kyle Korver, Sterling Brown, Jonathan Isaac, Marco Belinelli, Michele Roberts, " Tolliver, Roberts, , , , George Floyd Organizations: Reuters, NBA, Basketball Players, Memphis Grizzlies, Orlando Locations: Minneapolis, Florida
Pope Francis lauded a delegation of NBA players who met with him at the Vatican on Monday as “champions" and said he supported their work on addressing social injustice. Five players — Marco Belinelli, Sterling Brown, Jonathan Isaac, Kyle Korver and Anthony Tolliver — were joined by NBA players' union executive director Michele Roberts and two other union executives, Sherrie Deans and Matteo Zuretti. “You're champions," Pope Francis said. Roberts said Pope Francis sought the meeting with the players, and that it “demonstrates the influence of their platforms." “We are extremely honored to have had this opportunity to come to the Vatican and share our experiences with Pope Francis,” Korver said.
Persons: Pope Francis, — Marco Belinelli, Sterling Brown, Jonathan Isaac, Kyle Korver, Anthony Tolliver —, Michele Roberts, Sherrie Deans, Matteo Zuretti, , Roberts, Belinelli, Pope Francis said, you've, George Floyd, Floyd, Breonna Taylor, Brown, Jacob Blake, ” Korver, Organizations: NBA, NBC, Orlando, , Milwaukee Bucks Locations: Minneapolis, Kenosha , Wisconsin, Milwaukee
Risk assets rally to records as U.S. political uncertainty ebbs
  + stars: | 2020-11-23 | by ( Rodrigo Campos | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Stocks hit record highs on Tuesday while bitcoin and oil prices also rose as political uncertainty subsided after U.S. President-elect Joe Biden got the formal go-ahead to begin his transition to the White House. The pan-European STOXX 600 index rose 0.91% and MSCI’s gauge of stocks across the globe gained 1.34% and is on track to close at a record high. Emerging market stocks rose 0.34%. The dollar index fell 0.2%, with the euro was up 0.25% at $1.187. U.S. crude recently rose 4.46% to $44.98 per barrel and Brent was at $47.80, up 3.78% on the day.
Persons: Joe Biden, Donald Trump, Wall, Dow Industrials, Janet Yellen, Jerome, Powell, , Edward Moya, Issei Kato “, ” OANDA’s Moya, bitcoin, Patrick Leary, Gold hasn’t, Leary, Phil Flynn, Brent Organizations: YORK, Nikkei, Federal, , Treasury, Fed, Dow Jones, Nasdaq, Japan’s Nikkei, REUTERS, Price Futures Group Locations: U.S, New York, Asia, Pacific, Japan, Tokyo, Incapital, Minneapolis, Chicago . U.S
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