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☆ Pregnant in Gaza With Nowhere to Go
▼ + stars: | 2024-06-17 | by ( Nicholas Casey | ) www.nytimes.com time to read: +1 min

Nevin had dressed that morning, put on some makeup and gotten her daughters — Zaina, Lina, Maise and Doa’a — ready for the day. Her husband, Mahmoud, flagged a taxi, and the couple set out from the warren of buildings in her neighborhood in eastern Gaza City to a leafy street near the center of the capital. There was a long wait to see him; the high demand must have been a good sign, Nevin thought. Their life together began in a tiny bedroom in her in-laws’ apartment where the couple lived for two years before they moved into their own home in Shajaiye, the neighborhood where both their families lived. Zaina and Lina, now 14 and 13, came into their lives first, the two girls growing close because just a year separated them.

Persons: Nevin, — Zaina, Lina, Maise, Doa’a, Mahmoud, You’re, ”, hadn’t, Zaina Organizations: Shifa Locations: Gaza City, Al, Shajaiye

☆ Nvidia not overvalued despite low forward P/E and market cap, says DataTrek's Nick Colas
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia not overvalued despite low forward P/E and market cap, says DataTrek's Nick ColasSean Myers, assistant professor of finance at the Wharton School, and Nicholas Colas, co-founder at DataTrek Research, join CNBC's 'The Exchange' to discuss Nvidia's valuation, how much weight to give P/E ratios, and more.

Persons: Nick Colas Sean Myers, Nicholas Colas, CNBC's Organizations: Nvidia, Wharton School, DataTrek Research

☆ Meme stocks extend short-squeeze rally to massive 100%+ gains with GameStop and AMC leading the way
▼ + stars: | 2024-05-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

GameStop and AMC Entertainment extended their gains on Tuesday to more than 100%. AMC Entertainment took advantage of the massive rally by selling shares to raise capital. AdvertisementWhat began with a Sunday evening tweet from Keith Gill, AKA Roaring Kitty, has materialized into a massive short-squeeze rally that has taken shares of GameStop and AMC Entertainment up 74% and 78% on Monday alone. Before the opening bell, shares of GameStop and AMC soared as much as 158% and 132%, respectively. The rallies have pushed a massive short-squeeze in the stocks, not unlike the 2021 rally that caught Wall Street short sellers off guard and sank a prominent hedge fund.

Persons: Keith Gill, —, Wall, DataTrek, Nicholas Colas, Colas Organizations: GameStop, AMC Entertainment, Service, AMC

☆ Today's 'pain trade' is a rapidly rising market catching many investors off-guard
▼ + stars: | 2024-05-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

A rapidly rising market has caught a lot of investors off-guard. He loves to watch what he calls the "pain trade," the move in the markets that would catch the largest number of active investors off-guard. Surveying Monday's late-day rally on the floor, Anderson looked up at the NYSE boards and said, "the pain trade is up." The S & P 500 is now within 1.4% of its old closing high of 5,254 from March 28th. The STOXX Europe 600, essentially the S & P 500 of Europe, is also less than 1% below an historic high.

Persons: Tim Anderson, Anderson, It's, Nicholas Colas, DataTrek, Ingersoll Rand, Parker, Hannifin, it's, Alec Young, MAPsignals.com Organizations: MND Partners, NYSE, Nasdaq, Utilities, Reuters, Southern Company, EatoN Corp Locations: Europe, industrials

☆ ‘Where Is the Palestinian Gandhi?’
▼ + stars: | 2024-05-01 | by ( Nicholas Casey | ) www.nytimes.com time to read: +2 min

Since Israel conquered the region in 1967, its military has forbidden nearly every form of protest, even things as small as gathering more than 10 people for a political conversation or simply waving the Palestinian flag. The simplest acts of defiance can be seen as a threat: Amro once organized and videotaped an effort by a Palestinian man to pass through an Israeli checkpoint while balancing on his shoulder a large watermelon — a longtime symbol of Palestinian nationalism because its colors are those of the Palestinian flag. In the video, soldiers confiscate the watermelon and, as the camera zooms in, eye it warily as though it might explode. He has repeatedly filmed Israeli soldiers at close range and been beaten and grabbed by the throat when he refused to stop. Amro himself lives in one such home, surrounded by some of the West Bank’s most violent settlers.

Persons: —, Mohandas K, Gandhi, Martin Luther King Jr, “ He’s, ” Yehuda Shaul, ” Organizations: Amro, United Nations, West Bank Locations: Palestinian, Israel

☆ 'Sell in May and go away' is a catchy adage, but probably not a good idea
▼ + stars: | 2024-04-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

It's not just that it has been a down month (down 3.0% for the S & P 500, breaking a 5-month win streak). However, weaker does not mean down. The S & P, even in the weakest five months, was still up almost 2%. The bottom line: market timing is always a tricky affair. Many of these timing maxims could be trumped by an even better one: "It's time in the market that matters, not market timing."

Persons: It's, Nicholas Colas, Jeff Hirsch, it's Organizations: Dow, Stock Locations: It's, DataTrek

☆ Would the Fed really hike rates here? This is what would have to happen
▼ + stars: | 2024-04-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Though it was unthinkable just a short time ago, the question of what it would take the Federal Reserve to raise interest rates further is gaining increasing attention. New York Fed President John Williams faced questioning Thursday about hiking and said he doesn't expect that to happen, but noted that it's always an option. "Basically, if the data were telling us that we would need higher interest rates to achieve our goal, then we would obviously want to do that." Making the same mistake as the 1970s central bank — hiking rates to fight inflation, then cutting prematurely and allowing inflation to return — is a sensitive issue for the Powell Fed. Chances are low, for now So far, only Fed Governor Michelle Bowman has given any credence to the notion of raising rates.

Persons: John Williams, it's, Williams, Jerome Powell, Philip Jefferson, Powell, Nicholas Colas, Colas, Michelle Bowman, Bowman, Esther George Organizations: Federal Reserve, Fed, New York Fed, Summit, DataTrek, CME, Kansas City, CNBC Locations: Washington, Kansas

☆ The market again has adjusted its view on rate cuts, with as few as two now expected
▼ + stars: | 2024-04-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"While investors seem to be anxiously awaiting easing monetary policy, the current environment does not quite scream 'rate cuts!'" That sentiment has manifested itself lately in market pricing. That same day, the Labor Department will release the CPI report, which is expected to show the headline inflation rate rising 3.4% in March on a year-over-year basis, per Dow Jones. This is nonetheless "the right time to cut rates," wrote David Kelly, chief global strategist at JPMorgan Asset Management. "What has underpinned this market is the promise of a series of rate cuts including March, and now it has dwindled to just a few rate cuts.

Persons: Glenmede, Dow Jones, David Kelly, Kelly, Nicholas Colas, Colas, Ed Yardeni, nonfarm, Quincy Krosby, Krosby Organizations: Federal Reserve, Investors, Labor Department, Asset Management, Fed, DataTrek, Yardeni, LPL

☆ Elon Musk and X sued by ex-Twitter GM Nick Caldwell over millions in unpaid severance
▼ + stars: | 2024-04-03 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Former Twitter exec Nick Caldwell is suing Elon Musk and X, alleging a breach of contract and a failure to pay severance and benefits he was owed after resigning from the company in 2022. Caldwell's suit is similar to one filed by former Twitter executives, including ex-CEO Parag Agrawal, who claim they are owed $128 million in unpaid severance. "With no factual basis, Musk simply accused Mr. Caldwell of misconduct as a ploy to evade paying him millions of dollars in severance benefits that Musk/Twitter owed to Mr. Caldwell," his attorneys wrote. A few days before his resignation from Twitter, Caldwell shared a post on social media saying, "My wife and soulmate Tia Caldwell passed away suddenly the 15th of October. Read the full complaint — Nicholas Caldwell v. Elon Musk, X Corp. et al (Case 3:24-cv-02022) — below.

Persons: Nick Caldwell, Elon Musk, Caldwell, Parag Agrawal, Musk, Twitter, Brian Bjelde, Lindsay Chapman, Dhruv Batura, didn't, soulmate Tia Caldwell, Read, Nicholas Caldwell Organizations: Twitter, SpaceX, Tesla, CNBC, X Corp Locations: California

☆ S&P on pace to score fourth month of consecutive gains. History tells us what could come next
▼ + stars: | 2024-02-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500 is ending February with a gain of almost 5%. S & P 500: Four big months November: up 8.9% December: up 4.4% January: up 1.6% February: up 4.6% The November gain of 8.9% was one of the 20 best monthly performances in history. The S & P has advanced about 5% since passing the old January 2022 historic high, which it crossed on Jan. 19, this year. Put another way: the S & P has recovered all the bear market losses from the old high in January 2022 to the bear market bottom in October 2022, and added another 5%. "Yet it also offers encouragement that no post-recovery selloff saw the start of a new bear market before rebounding and proceeding onto additional new highs."

Persons: Steve Starker, Todd Sohn, Eli Lilly, Nicholas Colas, Sam Stovall Organizations: Nvidia, P, Technology, Services, Care, Broadcom, Communication Services, Meta, Health Care, Merck, Depot, Costco, JPMorgan, Mastercard, Berkshire Hathaway, Research Locations: BTIG

☆ ‘Jelly’s Last Jam’ Review: A Musical Paradise, Even in Purgatory
▼ + stars: | 2024-02-22 | by ( Jesse Green | ) www.nytimes.com time to read: +1 min

That painful history can be alchemized into thrilling entertainment is both the central idea and the takeaway experience of “Jelly’s Last Jam,” the jaw-dropping Encores! It might not be immediately apparent from its strange framework that the musical could produce such an effect. The book, by George C. Wolfe, who also directed the 1992 Broadway original, introduces us to Morton (Nicholas Christopher) at the moment of his death. That’s when he is greeted, in a kind of nightclub limbo, by Chimney Man — so called because this forbidding psychopomp, played by the fascinatingly strict Billy Porter, sweeps souls to their destination. Accompanied by a trio of louche, bespangled “Hunnies,” he first puts Morton through a recap of his life, with an emphasis on his lies, betrayals and musicological self-aggrandizement.

Persons: “, Jelly Roll Morton, ferociously, George C, Wolfe, Morton, Nicholas Christopher, That’s, Billy Porter, ” Organizations: City Center

☆ China's chances of staging an economic rebound this year look slim
▼ + stars: | 2024-02-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

China faces severe real estate woes, deflation, and an exodus of global investors. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe world has yet to witness any post-pandemic rebound in China, and Wall Street expects little to change in 2024. The ongoing exodus of global investors is evidence the bear case is intact, and the country's real estate sector continues to look more and more precarious. AdvertisementThat in turn has cratered sentiment, as Chinese households have the majority of their wealth tied to real estate.

Persons: —, DataTrek, Nicholas Colas, Jessica Rabe, Mike Edwards, Weiss, haven't, Edwards, Tracy Chen, Chen, Caesar Maasry, Goldman Sachs, Maasry Organizations: Service, Wall, Tech, Baidu, US, Business, Brandywine, Supply, Seng China Enterprises, Bloomberg Locations: China, Beijing

☆ Aunts et Uncles: Beyond Coffee - A Multifaceted Haven for Food, Fashion, & Art
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAunts et Uncles: Beyond Coffee - A Multifaceted Haven for Food, Fashion, & ArtMichael and Nicole Nicholas created Aunts et Uncles as more than just a coffee shop, aiming to provide a multidimensional space for the community. Inspired by their childhood, the name reflects the idea of a safe haven, offering plant-based Caribbean food, stylish apparel, a curated book selection, and a cocktail menu.

Persons: Michael, Nicole Nicholas Organizations: Food

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

☆ How the blockchain could solve one of AI’s biggest problems
▼ + stars: | 2024-01-19 | by ( Matthew Fox | Nicholas Carlson | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But what could be new this time around is a solution to the problem, according to Grayscale CEO Michael Sonnenshein. It's yet another issue that could ultimately be solved by the blockchain, according to Sonnenshein. It only makes sense for the blockchain to be integrated in generative AI technologies going forward, according to Sonnenshein. That symbiotic relationship should ultimately benefit creators and open the door to transparent compensation, according to Sonnenshein.

Persons: —, OpenAI, Michael Sonnenshein, Sonnenshein, Nicholas Carlson, it's, It's, Midjourney — Organizations: Service, Business, New York Times, OpenAI, Microsoft, Parliament's House, Lords Communications, Getty Locations: blockchain

☆ Zelenskyy says he owes a 'big shoutout' to the makers of the Patriot, which Ukraine says has been killing Russia's supposedly unbeatable missiles
▼ + stars: | 2024-01-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Read previewUkrainian President Volodymyr Zelenskyy this week name-checked the surface-to-air missile system that has given Ukraine a fighting edge against Russia's purportedly invincible weapons systems in recent months. AdvertisementBut the Ukrainian president specifically heralded the American-provided Patriots as the "most powerful" weapons system "in the world today." He added that the Ukrainian battlefield has proven to be the true test for the Patriot systems in action. A military analyst told Newsweek last year that the Ukrainians have used the Patriot missile systems in ways that have even surprised the Pentagon. Zelenskyy had long been requesting the US to send the missile systems.

Persons: —, Volodymyr Zelenskyy, Russia's, Zelenskyy, Kinzhals, Vladimir Putin, Zelenskky, Nicholas Carlson Organizations: Service, Business, Economic, Russian Federation, Patriots, Western Patriots, Russia's, Newsweek, Patriot, Pentagon, The New York Times, Ukraine, NATO Locations: Ukraine, Davos, Russian, Russia, Congress, Germany, Netherlands, Romania, Spain

☆ Ukraine's Zelenskyy says radical Republican rhetoric may just be politics, but it's 'scaring the public' and 'stressing' people out
▼ + stars: | 2024-01-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Read previewThe Republican Party has politicized critical US aid to Ukraine, and Ukrainian President Volodymyr Zelenskyy says the radical rhetoric terrifies his people. "There are definitely some voices, radical voices from the Republican party, and they are straining Ukrainian society," Zelenskyy said during a group interview at Davos on Tuesday with outlets including Business Insider. Advertisement"Some radical voices are just stressing us out. AdvertisementThat type of inflammatory rhetoric, along with the current roadblock in Congress, has put Ukraine on edge. Out in the open, though, the rhetoric remains, and aid to Ukraine is still in danger.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Marjorie Taylor Greene, Greene, Lauren Boebert, I've, Nicholas Carlson Organizations: Service, Republican Party, Business, Republican, Davos, Republicans, Ukraine, GOP, SPG, Getty Locations: Ukraine, Congress, United States, Russia, Ukrainian, Bakhmut, Donetsk Oblast, Roman

☆ Skeptical of sending more US aid to Ukraine? Here's what Zelenskyy has to say to you.
▼ + stars: | 2024-01-17 | by ( Erin Snodgrass | Nicholas Carlson | ) www.businessinsider.com time to read: +3 min

Zelenskyy addressed skeptical American voters in response to a question posed by Business Insider. "Peace in Ukraine means peace in Europe which means peace in the world," he said. AdvertisementUkrainian President Volodymyr Zelenskyy has a clear message for American voters ahead of the 2024 election: Don't give up on Ukraine. "Peace in Ukraine means peace in Europe which means peace in the world." Trump has long been a skeptic of continued US funding to Ukraine and has championed "America First" isolationist policies instead.

Persons: Volodymyr Zelenskyy, Zelenskyy, —, Biden, Israel —, Zelenskyy's, Donald Trump, Trump, Putin Organizations: Business, Service, American, Economic, Ukraine, GOP, Kiel Institute, Republicans, Republican, NATO Locations: Davos, Ukraine, Europe, Russia, Israel, USA, Trump

☆ Ending US war aid will bring a 'big crisis' worse than just a weakened Ukraine, Zelenskyy warns
▼ + stars: | 2024-01-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Without continued Western support for Ukraine's war efforts, the consequences could be dire, according to Ukrainian President Zelenskyy, who warned of a "big crisis" not just for Ukraine but for other countries as well. Zelenskyy has been warning about that worst case scenario outcome for months, as have experts and top war watchers. The roughly $111 billion package, which includes aid to Ukraine and Israel, has been held up by Republicans since October 2023. Should US aid to Ukraine dry up, it'll be a test of how Ukraine's European allies can fill in the gaps. Ukrainian servicemen drive a T-72 tank on the frontline in eastern Ukraine on July 13, 2022, amid the Russian invasion of Ukraine.

Persons: —, it's, Zelenskyy, Dmytro Smolienko, Joe Biden's, Biden, it'll, MIGUEL MEDINA, Vladimir Putin's, Dara, Putin, Volodymyr Zelenskyy, Anna Moneymaker, Putin's maximalist, Nicholas Carlson Organizations: Service, Business, Davos, NATO, Russian Federation, Armed Forces, American, Publishing, Getty, North, Republicans, GOP, US Senators, Carnegie Endowment, International, Russian, The Institute, Washington DC Locations: Ukraine, Russia, North Korea, Russian, Donetsk Oblast, Roman, Israel, AFP, Putin — Georgia, Syria, Washington , DC, Washington, Finland

“We stand by Business Insider and its newsroom,” said a spokesman for Axel Springer, the German media company that owns the publication. With its stories, Business Insider raised both the idea of hypocrisy and the possibility that academic dishonesty is widespread, even among the nation's most prominent scholars. The business leader reached out in protest to board members at both Business Insider and Axel Springer. “Business Insider supports and empowers our journalists to share newsworthy, factual stories with our readers, and we do so with editorial independence,” Peng wrote. Business Insider would not say who conducted the review of its work.

Persons: Claudine Gay, ”, Axel Springer, Neri Oxman, Bill Ackman, Gay, Axel Springer's, ” Ackman, Ackman, “, Oxman, Barbara Peng, ” Peng, ” Harvard's, Nicholas Carlson, Carlson Organizations: MIT, Business, Harvard, Pershing, Oxman, The New York Times, Times, The Washington Post Locations: Israel

☆ These factors could lift dividend-paying stocks in the first half of 2024, Barclays says
▼ + stars: | 2024-01-04 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The utilities sector suffered so much in 2023, that it's due for a snapback in the new year, according to Barclays. They also made the stocks' dividend payments less attractive compared to the risk-free yields on Treasurys. But now these stocks are priced to move, according to Barclays analyst Nicholas Campanella. "We still like the stock," Barclays said, pointing to upside to consensus earnings per share as one of the factors behind its call. Duke offers a dividend yield of 4.2%, but 12 out of the 20 analysts following the stock rate it a hold, per LSEG.

Persons: Nicholas Campanella, XLU, Campanella, Evergy, — CNBC's Michael Bloom Organizations: Barclays . Utilities, Barclays, SPDR, Fed, Electric Power, Dominion Energy, E Corporation, Duke Energy, Duke Locations: Kansas, Kansas City

☆ After a banner 2023, the market faces a tough challenge for a repeat performance
▼ + stars: | 2024-01-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Since 1928, the S & P 500 has finished up 20% or more about 36% of the time. Yes, 2022 was down about 19%, but the S & P has posted declines of 10% or more only 12% of the time since 1928. Could the S & P gain 20% again in 2024? That run from 1995 to 1999 was certainly epic, but that was the last time the S & P 500 saw back-to-back 20% gains. Regardless, with the S & P 500 closing the year at 4,769, a 20% gain next year would mean the S & P would hit 5,722.

Persons: Ben Carlson, Jessica Rabe, Nicholas Colas, Tom Lee, John Stoltzfus Organizations: Ritholtz Wealth Management, DataTrek Research, Fundstrat Global Advisors, Oppenheimer Asset Management

☆ These 16 states are already in a recession
▼ + stars: | 2023-11-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Sixteen US states' economies contracted between July and October, according to the Philadelphia Fed. While some economists believe a recession may come in the next year, the economies of 33 states grew. Meanwhile, looking at just the past month, 27 states experienced economic contraction. AdvertisementThe economies of sixteen US states contracted between July and October, even as economists are still betting the US can avoid a recession. Looking at month-over-month rates, 27 states experienced economic contraction, while just 16 grew.

Persons: —, Nicholas Colas, Jessica Rabe, Ken Griffin Organizations: Philadelphia Fed, Service, Federal Reserve Bank of Philadelphia, National Bureau of Economic, Citadel, Bloomberg Locations: West Virginia, Wisconsin, Montana, Missouri , Illinois, Iowa, , Maryland, North Dakota, South Carolina, Texas, Nevada and Wyoming . California, Florida, California, Florida , Pennsylvania , Ohio, Georgia, North Carolina

☆ A default cycle has started amid the Fed's high interest rates, economists say. These 4 charts explain how severe it is.
▼ + stars: | 2023-11-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

A default cycle has started, spurred by high rates and debt costs, economists at Apollo Management said. Data on default rates and bankruptcy filings show just how severe the situation is. Advertisement"A default cycle has started with bankruptcy filings rising, and default rates will continue to rise over the coming quarters, impacting in particular middle market companies," they added. US Speculative grade default rates Apollo Management"The ongoing rise in default rates is not just a 'normalization.' AdvertisementUS bankruptcy filings Apollo ManagementWeekly bankruptcy filings for companies with at least $50 million in liabilities Apollo ManagementSløk has previously said that the Fed's rate hikes were to blame for higher bankruptcies.

Persons: —, Torsten Sløk, Sløk, Apollo Management Sløk, Nicholas Colas, Moody's Organizations: Apollo Management, Service, HY, Apollo, DataTrek, Management Locations: Moody's, Europe

☆ Hedge funds have lost $43 billion trying to short the market as the S&P 500 eyes its best month in over a year
▼ + stars: | 2023-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Hedge fund short sellers have lost $43 billion in recent days as stocks rally, the Financial Times reported. The S&P 500 is on track for its best month since July 2022. With a more than 7% gain in November, the S&P 500 is on pace for its best month since July 2022. AdvertisementThe FT notes that analysts say some hedge funds have had to repurchase stocks to cover their short bets as a "short squeeze" pushed share prices even higher. According to S3 data, bets against technology, healthcare, and consumer discretionary were the most painful for hedge funds.

Persons: —, Stocks, Goldman Sachs, Nicholas Colas, Jessica Rabe Organizations: Financial Times, Service, Wednesday Financial, S3 Partners, Federal Reserve, Carnival Corp

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