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A soldier is pictured at the headquarters of the new Takuba force in Gao, Mali August 20, 2021. REUTERS/Paul Lorgerie/File PhotoPARIS, Jan 26 (Reuters) - France and 14 other countries urged Mali late on Wednesday to allow Danish special forces to remain in the African country, but its transitional government insisted on an immediate withdrawal. read more"No accord authorizes the deployment of Danish special forces to the Takuba Task Force," the Malian government said in a statement. The Takuba Task Force was established as a partial successor to a French counter-terrorism operation in the West African Sahel region. The task force includes 14 European countries, which provide special forces, logistical and tactical support to work alongside regional troops for targeted operations against Islamist militants.
Persons: Paul Lorgerie, Jan, Jeppe Kofod, Emmanuel Macron, John Irish, Tiemoko Diallo, Juliette Jabkhiro, Bate Felix, Chris Reese, Richard Chang Organizations: REUTERS, Danish Foreign, Takuba, Force, Monday, Islamic, Danish, Thomson Locations: Gao, Mali, France, Danish, Norway, Portugal, Hungary, Denmark, West African, Burkina Faso, Niger, Islamic State, al Qaeda, Malian, West, Paris, Bamako
Looking for short-term bearish opportunitiesAs the market continues its downward trajectory, some investors resort to hedging, others move to defensive positions. The options spread strategy is executed when a trader simultaneously buys one option and sells another option at a higher or lower strike price using either calls or puts. The trade can be expressed in four ways via a bull call spread, a bear call spread, a bull put spread, and a bear put spread. With volatility remaining elevated, investors might also benefit from buying options slightly far out in the future to manage risk. "The volatility is so high that options in the near term, their volatility is higher than options that are further out in time," he said.
Persons: Dow, bitcoin, Don Kaufman, Kaufman, Barry Bannister, Mark Newton, Newton, Elliott Organizations: GameStop, Federal Reserve, Bank of America, Nasdaq, Investment Group, Fed, Fundstrat Global Advisors, Netflix, CNBC, S3 Partners Locations: Russia, Ukraine
The bank found European stocks outperformed U.S. peers by four percentage points on average over six months following the first Fed rate increase. Longer-duration stocks, in a nutshell, are those whose prices are driven by expectations of future earnings potential and therefore fare well when interest rates are low. For years, those stocks were an investment magnet, benefiting from rock-bottom interest rates and recently the pandemic-time shift to working, shopping and dining from home. Now Kelly says, markets are at an inflection point, away from when "PE went higher and interest rates went lower". "The cyclicality of the European markets, the Japanese markets... we think are going to be the big beneficiaries of this near-term globalized upturn."
Persons: Goldman Sachs, Mike Kelly, Kelly, Martin Schulz, Federated Hermes, Morgan Stanley, Graham Secker, Secker, Monday's, Kevin Mahn, Danilo Masoni, Saikat Chatterjee, Marc Jones, Tomasz Janowski Organizations: Reuters.com, PineBridge Investments, Deutsche Bank, unloved, Federated, Citi, JPMorgan, Hennion, Walsh Asset Management, Thomson Locations: United States, U.S, unloved U.S, EUROPE, Europe, China, New Jersey
(CNN) Spotify will no longer stream the music of Neil Young. "We want all the world's music and audio content to be available to Spotify users. We regret Neil's decision to remove his music from Spotify, but hope to welcome him back soon." In his post, Young asked his managers and record label to remove his music from Spotify because he said the music and podcast platform is "spreading fake information about vaccines -- potentially causing death to those who believe this disinformation spread by them." "I want you to let Spotify know immediately TODAY that I want all my music off their platform," the 76-year-old said in Monday's post, according to Rolling Stone.
Persons: Neil Young, Joe Rogan's, Young's, Young, Rogan Organizations: CNN, Spotify, Washington, Stone Locations: Monday's
U.S. President Joe Biden holds a semiconductor chip as he speaks prior to signing an executive order, aimed at addressing a global semiconductor chip shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. REUTERS/Jonathan Ernst/File PhotoWASHINGTON, Jan 25 (Reuters) - The U.S. Commerce Department is expected to soon release details from a study of semiconductor chips it conducted last year amid a push to win funding to boost U.S. manufacturing from Congress. In September, the department asked semiconductor chip manufacturers and other companies in the supply chain to voluntarily submit data amid a shortage of chips that has curtailed auto production around the world. "The United States faces both an immediate supply shortage that’s driving up prices and a long-term threat to America’s economic and national security if we don’t increase domestic supply of chips," said Commerce Secretary Gina Raimondo on Monday. Chrysler-parent Stellantis (STLA.MI) said Friday it was halting production this week at its Windsor Assembly Plant in Ontario where it builds minivans because of the chips shortage.
Persons: Joe Biden, Jonathan Ernst, Jan, Gina Raimondo, Nancy Pelosi, Biden, Taylor, David Shepardson, Stephen Coates Organizations: White, REUTERS, U.S . Commerce Department, Commerce Department, Monday, Chrysler, Plant, Democrats, Intel, Samsung Electronics, Thomson Locations: Washington , U.S, United States, Windsor, Ontario, China, Ohio, Taylor , Texas
MONTGOMERY, Ala. — Federal judges on Monday blocked Alabama from using newly drawn congressional districts in upcoming elections, ruling that the state should have two districts — instead of one — in which Black voters are a sizeable portion of the electorate. The judges blocked use of the map and stayed the candidate qualification deadline with political parties from Friday until Feb. 11 to allow the Legislature the opportunity to enact a remedial plan. The Alabama attorney general’s office did not immediately respond to an email late Monday seeking comment on the ruling. Alabama’s seven-member congressional delegation consists of six Republicans elected from heavily white districts and one Democrat elected from the only majority-Black districtThe Alabama Legislature last year approved congressional district lines that maintain one majority-Black district. About 26 percent of Alabama’s population is Black, and some lawmakers argued the state should have a second congressional district with a significant African-American population.
Persons: Steve Marshall’s, Mike Lewis, general’s, Organizations: Monday, , American Civil Liberties Union of Alabama Locations: MONTGOMERY, Ala, , Alabama, Black
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToday's RBI: Why Monday's market comeback was just like watching the Bills-Chiefs gameBrian Sullivan lays out some crazy historical stats behind Monday's massive market turnaround.
Persons: Brian Sullivan Organizations: Bills, Chiefs
(CNN) Neil Young, an outspoken advocate for Covid-19 safety and prevention, doesn't want his music to share a home with vaccine misinformation. ( Rolling Stone originally reported the text of the deleted post.) "I want you to let Spotify know immediately TODAY that I want all my music off their platform," the 76-year-old said in Monday's post, according to Rolling Stone. "They can have Rogan or Young. "Rogan" refers to Joe Rogan, the exceedingly controversial podcast host who has made frequent false and inaccurate claims surrounding vaccines and Covid-19 .
Persons: Neil Young, doesn't, Young, Rogan, Joe Rogan, Read Organizations: CNN, Spotify, Stone, Variety, Wall Street Locations: Monday's
The conspiracy theorist Alex Jones testified before the January 6 committee on Monday. Jones said he invoked his 5th Amendment right against self-incrimination almost 100 times. Jones spoke at Trump's "Stop the Steal" rally on January 6 and was involved in planning the event. Jones spoke at a "Stop the Steal" rally headlined by then President Donald Trump on January 6 that preceded the deadly Capitol attack. The conspiracy theorist also mentioned the Justice Department's recent indictment charging Oath Keepers leader Elmer Stewart Rhodes and ten other defendants with seditious conspiracy connected to the Capitol riot.
Persons: Alex Jones, Jones, Donald Trump, they've, we're, Caroline Wren, Cindy Chafian, Julie Fancelli, Wren, Department's, Elmer Stewart Rhodes, Rhodes, Edward Vallejo, James Beeks Organizations: Service, Politico, CNN, Wall Street Journal, Monday, Republican, Capitol Locations: Washington ,
Santoli: Traders watching to see if Monday's violent bottom is testedPublished Tue, Jan 25 2022 1:01 PM EST Updated 7 Min Ago
Organizations: Traders
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. "JPMorgan pressed its exorbitant demand as an act of retaliation against Tesla both for it having passed over JPMorgan in major business deals and out of senior JPMorgan executives' animus toward Mr. Musk," Tesla said. Register now for FREE unlimited access to Reuters.com RegisterBy changing the terms of the warrants, JPMorgan "dealt itself a pure windfall" after receiving a "multibillion-dollar payout" from Tesla's soaring share price, Tesla added. In its Nov. 15 lawsuit, JPMorgan said the Tesla warrants let it lower the strike price to counteract any economic impact from "significant corporate transactions" involving that company. Tesla's lawsuit seeks unspecified damages.
Persons: Elon, Patrick Pleul, Elon Musk's, Tesla, Brian Marchiony, Jonathan Stempel, Marguerita Choy, Cynthia Osterman Organizations: JPMorgan Chase, Tesla, Tesla Inc, Monday, JPMorgan Chase &, JPMorgan, Forbes, U.S . Securities, Exchange Commission, Musk, Thomson Locations: Gruenheide, Berlin, Germany, Manhattan, U.S, New York
The United States imposed a mandate, meant to aid the fight against the fast spreading Omicron variant of the coronavirus, on Jan. 22, while Canada's started on Jan. 15. More than two-thirds of the C$650 billion ($521 billion) in goods traded annually between Canada and the United States travels on roads. Canada's inflation rate hit a 30-year high of 4.8% in December and economists said the vaccine mandate may contribute to keeping prices higher for longer. In the United States, inflation surged 7% on a year-on-year basis in December, the largest rise in nearly four decades. "Our supply chain in North America is a very, very efficient supply chain, but it's not very resilient," Darby said in an interview on Monday.
Persons: Hyungwon Kang, Justin Trudeau, Canada's, Jason Kenney, Kenney, Trudeau, Pierre Poilievre, Dennis Darby, Francois, Philippe Champagne, Darby, Steve Scherer, David Ljunggren, Bill Berkrot Organizations: Canada U.S, REUTERS, OTTAWA, Canadian, Monday, U.S, Conservative Party, Canadian Manufactures, Industry, Ottawa ., Thomson Locations: Canada, Buffalo , New York, U.S, United States, North America, Champagne, Vancouver, Ottawa
Amy Schneider, the "Jeopardy!" "I think that the best part for me has been being on TV as my true self, expressing myself and representing the entire community of trans people," Schneider said. “I am a trans woman, and I’m proud of that fact, but I’m a lot of other things, too!” she added. "Watching her win is so great for the trans community that needs victories," one person wrote on Twitter. Another person said the trans community has been worn down by "lies" lately and that Schneider is a "breath of fresh air."
Persons: Amy Schneider, Schneider, George Stephanopoulos, Stephanopoulos, Schneider's, Monday's, , it’s, I’ve, She's, Matt Amodio, she'll, Ken Jennings Organizations: Twitter, America, GLAAD Media, NBC, Facebook Locations: Oakland , California
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. In a court filing, Tesla accused JPMorgan of "bad faith and avarice" for claiming it was owed $162.2 million after unilaterally changing the terms of warrants it received when Tesla sold convertible bonds in 2014. By changing the terms, "JPMorgan dealt itself a pure windfall," Tesla said in its countersuit filed in Manhattan federal court. In its countersuit, Tesla accused JPMorgan of having "put its thumb on the scale" to demand even more money, after already receiving a "multibillion-dollar payout" because of the soaring stock price. Tesla's lawsuit seeks unspecified damages.
Persons: Elon, Patrick Pleul, Elon Musk's, Tesla, Brian Marchiony, Tesla's, Jonathan Stempel, Marguerita Choy Organizations: JPMorgan Chase, Tesla, Tesla Inc, Monday, JPMorgan Chase &, JPMorgan, U.S . Securities, Exchange Commission, Thomson Locations: Gruenheide, Berlin, Germany, Manhattan, U.S, New York
Jan 24 (Reuters) - Kohl's Corp (KSS.N) shares soared 36% on Monday after a Reuters report that private equity firm Sycamore Partners had approached the department store chain with a potential takeover offer of $9 billion. A source said on Sunday Sycamore was willing to pay at least $65 per share, implying a 39% premium to the last closing price. Register now for FREE unlimited access to Reuters.com RegisterActivist investors such as Macellum Advisors and Engine Capital, unhappy with Kohl's performance, have also urged it to explore options, including a sale. A few analysts said Kohl's, which has a market capitalization of $6.52 billion, could fetch a higher valuation. Register now for FREE unlimited access to Reuters.com RegisterReporting by Praveen Paramasivam and Mehr Bedi in Bengaluru; Editing by Krishna Chandra Eluri and Aditya SoniOur Standards: The Thomson Reuters Trust Principles.
Persons: Sycamore, Kohl's, Calvin Klein, Paul Lejuez, Michael Binetti, Macy's, Praveen Paramasivam, Mehr Bedi, Krishna Chandra Eluri, Aditya Soni Organizations: Kohl's, Reuters, Sycamore Partners, Acacia Research, Reuters.com, Macellum, Engine, Macy's, Nordstrom, Monday, UBS, Thomson Locations: Bengaluru
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File PhotoJan 24 (Reuters) - Goldman Sachs Group Inc (GS.N) said it has appointed Luke Sarsfield as the global co-head of its $2.47 trillion asset-management business, according to a memo seen by Reuters on Monday. read moreThe asset management arm provides investment and advisory services to several clients, including sovereign wealth funds, public and private pension funds and insurance companies. Register now for FREE unlimited access to Reuters.com RegisterIn mid-2020, Goldman Sachs had merged its merchant banking and asset management businesses into a single unit as part of a broader restructuring. [https://reut.rs/33FuZfR]Sarsfield who has worked in the premier investment bank for over 22 years, is currently co-head of its client business for the asset management arm.
Persons: Goldman Sachs, Andrew Kelly, Luke Sarsfield, Sarsfield, Julian Salisbury, Eric Lane, 33FuZfR, Goldman, David Solomon, Lloyd Blankfein, Manya Saini, Matt Scuffham, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Goldman Sachs Group Inc, Reuters, Monday, Tiger Global Management, Thomson Locations: New York City , New York, U.S, Bengaluru, New York
WASHINGTON — Count 30-year-old Ethan Miller among that subset of Americans who are actually eager to file their taxes once income tax filing season opens on Monday. An IRS worker shortage, an enormous workload from administering pandemic-related programs and stalled legislation that would have given the agency billions of dollars for more expeditiously processing returns will combine to cause taxpayers pain this filing season. Delays in processing are to be expected — especially because the IRS says it still is working through 2020 tax returns. During the 2020 budget year, the IRS processed more than 240 million tax returns and issued roughly $736 billion in refunds, including $268 billion in stimulus payments, according to the latest IRS data. Jacquelyn Martin / APDonald Williamson, an accounting and taxation professor at American University in Washington, said he expects “weeks and weeks” of IRS delays in 2022.
Persons: WASHINGTON, Ethan Miller, “ I’m, ” Miller, , Jen Psaki, , Biden, It’s, ” Psaki, Chuck Rettig, Rachel Mandelbaum, Jacquelyn Martin, Donald Williamson, ” Williamson, Tony Reardon, Burger, Joe Biden’s, Reardon Organizations: WASHINGTON —, IRS, Agency, American University, National Treasury Employees Union, Capitol Locations: Silver Spring , Maryland, Silver, Md, Washington
REUTERS/Evelyn HocksteinWASHINGTON, Jan 23 (Reuters) - The White House is set to hold the second meeting of its Competition Council on Monday, federal agencies said on Sunday. Officials from two federal agencies told Reuters about the meeting and that their departments planned to attend. The White House did not confirm the meeting would take place but said President Joe Biden would meet on Monday "with members of his administration on efforts to lower prices for working families." The White House has said the "lack of competition drives up prices for consumers and drives down wages for workers." The second council meeting would also come as Congress scrutinizes technology companies.
Persons: Joe Biden, Evelyn Hockstein WASHINGTON, Jan, Biden, David Shepardson, Muralikumar Organizations: White, REUTERS, Reuters, National Economic Council, Justice, Transportation, Commerce, Agriculture, Federal Trade Commission, Securities, Exchange Commission, Federal Communications Commission, Justice Department, American Airlines, JetBlue Airways Corp, FTC, Thomson Locations: Washington U.S, U.S
Ford launches high-performance Bronco Raptor
  + stars: | 2022-01-24 | by ( ) www.reuters.com   time to read: +1 min
A plate is seen on an all new Ford Motor Co. F-150 pickup truck on display outside the New York Stock Exchange (NYSE) in New York, U.S., August 17, 2020. REUTERS/Brendan McDermidJan 24 (Reuters) - Ford Motor Co (F.N) on Monday launched a Raptor variant of its Bronco SUV, expanding its Bronco lineup with a new high-priced model. loadingFord said the Bronco Raptor is set to hit the roads this summer and customers can begin placing orders in March. The Raptor's improved off-roading capabilities and 3.0 liter twin turbo ecoboost engine will help Ford directly compete with the Jeep's Wrangler Rubicon model. The Raptor lineup, which usually features pickup trucks like its F-150 and the Ranger, was created to mirror off-road trophy truck designs onto their street-legal counterparts.
Persons: Brendan McDermid Jan, Ford, Nathan Gomes, Supriya Organizations: Ford Motor Co, New York Stock Exchange, REUTERS, Ford Motor, Monday, Bronco, Ford, Thomson Locations: New York, U.S, Bengaluru
Here are Monday's biggest analyst calls of the day: Tesla, Amazon, Microsoft, Charter, Apple & morePublished Mon, Jan 24 2022 8:37 AM EST
Organizations: Microsoft, Apple
A former UK Brexit adviser warned that the gap between the EU and UK over Northern Ireland was getting "larger, not smaller". The UK government wants to introduce significant changes to the Northern Ireland protocol — part of the Brexit deal which governs how goods move across the Irish border — but talks with Brussels remain deadlocked. The forthcoming elections in Northern Ireland could make an agreement even harder, Ruparel added. Truss and Šefčovič have agreed to try and secure a deal over the protocol by the end of February before campaigning starts for Northern Ireland Assembly elections in May. She added: "Fundamentally this is about peace and stability in Northern Ireland.
Persons: Liz Truss, Raoul Ruparel, Theresa May, I'm, Sinn Fein, Sam Lowe, Lord Frost, Maroš Šefčovič, risls, Monday's, Sefovic, Mary Lou McDonald, — Mary Lou McDonald Organizations: EU, Northern Ireland, Conservative, Service, Brussels, Ruparel, European Commission, Northern, Downing, Assembly, Fein, Belfast Locations: Stormont, Northern Ireland, Brexit, Brussels, Great Britain
Investing Club: What Cramer is watching Monday — Time to buy bitcoin yet? Published Mon, Jan 24 2022 8:57 AM EST Updated 20 Min Ago
Persons: Cramer
BELGRADE, Jan 24 (Reuters) - Croatia's conservative Most party handed 82 boxes of papers in to parliament on Monday carrying the signatures of 410,533 people calling on the government to hold a referendum on whether to abolish COVID-19 certificates. The government must check the signatures, and if they are found to be valid, the date for a referendum can be set. "Even countries that have introduced COVID-19 certificates earlier than Croatia have rising number of cases." Croatia introduced COVID-19 certificates last year, but unlike their EU peers not for restaurants and cafes. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ivana Sekularac; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Jan, Nino Raspundic, Ivana Sekularac, Hugh Lawson Organizations: BELGRADE, Monday, COVID, Thomson Locations: COVID, Croatia, Bulgaria, Romania, Latvia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday, Jan. 24: Jim Cramer discusses what he's buying in the oversold marketGo behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.
Persons: Jim Cramer, Jeff Marks Organizations: CNBC, Trust
Meta is building an AI supercomputer
  + stars: | 2022-01-24 | by ( Rachel Metz | Cnn Business | ) edition.cnn.com   time to read: +2 min
Now its parent company is taking a step that could move it closer to that elusive goal: building its first supercomputer. Meta on Monday announced its new AI Research SuperCluster (RSC), a supercomputer meant to be used for AI research projects. The supercomputer, which has been in the works for two years, may eventually help Meta develop far more powerful AI software — potentially useful for tricky tasks such as spotting hate speech in posts. Meta is building a massive supercomputer called "AI Research SuperCluster" to train artificial intelligence models. Supercomputers, which feature many interconnected processors clumped into what are known as nodes, have become increasingly popular and powerful in recent years for AI research.
Persons: Meta, Shubho Sengupta, Sengupta, it's, Perlmutter, Read Organizations: CNN Business, Facebook, Meta, Monday, Research, US Department of Energy's, Microsoft, Nvidia, National Energy Research Scientific Computing Center Locations: United States
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