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☆ Marjorie Taylor Greene isn't so powerful after all
▼ + stars: | 2024-05-08 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewRep. Marjorie Taylor Greene is backing off her threat to oust Speaker Mike Johnson — for now. It was already unlikely that Ukraine aid would come up again this year after Congress approved another $60 billion last month. It was already unlikely that Ukraine aid would come up again this year after Congress approved another $60 billion last month. House Republicans already have a rule requiring this, though it's been violated a number of times, including on Ukraine aid. House Republicans already have a rule requiring this, though it's been violated a number of times, including on Ukraine aid.

Persons: —, Marjorie Taylor Greene, Mike Johnson —, Johnson, Thomas Massie of, it's, Donald Trump, Joe Biden, Greene, Trump, Kevin McCarthy, sapping Organizations: Service, Georgia Republican, Business, House Republicans, Republicans, of, Democratic, Republican, Democrats Locations: Thomas Massie of Kentucky, Ukraine

☆ A Tantalizing ‘Hint’ That Astronomers Got Dark Energy All Wrong
▼ + stars: | 2024-04-04 | by ( Dennis Overbye | ) www.nytimes.com time to read: +1 min

Dark energy was assumed to be a constant force in the universe, both currently and throughout cosmic history. He shared the 2011 Nobel Prize in Physics with two other astronomers for the discovery of dark energy, but was not involved in this new study. “It may be the first real clue we have gotten about the nature of dark energy in 25 years,” he said. That conclusion, if confirmed, could liberate astronomers — and the rest of us — from a longstanding, grim prediction about the ultimate fate of the universe. Instead, it seems, dark energy is capable of changing course and pointing the cosmos toward a richer future.

Persons: “, Biden, ”, Adam Riess, — Organizations: Johns Hopkins University, Telescope Science Locations: Baltimore

☆ Cramer explains the economy by looking at the cost of potato chips and microchips
▼ + stars: | 2024-03-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday opined on the economy, remarking on the country's sizeable wealth gap using a "chip" analogy. He said wealthy investors and businesses are devouring microchip companies while the cash-strapped consumer balks at the inflated cost of food items like potato chips. He noted that Nvidia shares shot up so much that its investors would not know the price difference between name-brand and generic potato chips. Unlike potato chips, costly microchips deliver businesses such large returns on their investments that they're addictive, he added, saying they're essential to new generative artificial intelligence products. "Maybe one day the productivity gains we get from these microchips will make potato chips more affordable," Cramer said.

Persons: CNBC's Jim Cramer, twain, I've, Cramer, Mark Zuckerberg, Zuckerberg, Meta Organizations: Nvidia, Big Tech

☆ The Fed is 'held hostage' by data and risks sparking financial instability, Mohamed El-Erian says
▼ + stars: | 2024-03-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed's over-dependence on data risks financial instability, Mohamed El-Erian wrote in a recent op-ed for Bloomberg. He says the central bank became too focused on inputs after misreading inflation in 2021. AdvertisementThe Federal Reserve's strict adherence to data is sapping it of policy alternatives, economist Mohamed El-Erian wrote for Bloomberg on Friday. Many central bank officials want to see a clear disinflationary trend in the data before cutting rates. He expects the Fed to keep rates unchanged through 2024, citing that neither inflation nor the US economy is sufficiently cooling.

Persons: Mohamed El, Erian, —, Torsten Slok Organizations: Bloomberg, Service, Fed

☆ North Korean factories making arms for Russia are ‘operating at full capacity,’ South Korea says
▼ + stars: | 2024-02-28 | by ( Yoonjung Seo | Helen Regan | ) edition.cnn.com time to read: +6 min

Seoul, South Korea CNN —North Korea’s munitions factories are “operating at full capacity” to produce weapons and shells for Russia, according to South Korea’s defense minister, as Moscow’s devastating war in Ukraine grinds into a third year. North Korean leader Kim Jong Un visits a munitions factory at an undisclosed location on January 10, 2024. CNN has reached out to South Korea’s defense ministry for comment on the US’ estimate but has not yet received a response. The White House confirmed last month that Russia has been firing North Korean missiles at Ukrainian cities. The US and its allies are also concerned about the technology North Korea is seeking from Russia in return for weaponry.

Persons: Korean Defense Minister Shin Won, sik, Kim Jong Un, ” Shin, Volodymyr Zelensky, Avdiivka, Zelensky, Joe Biden’s, Vladimir Putin Organizations: South Korea CNN, South, Korean Defense Minister, KCNA, Reuters, US State Department, CNN, Ukraine, Kyiv, West, North, Intelligence, South Korea’s National Intelligence Service, White House, Korean Locations: Seoul, South Korea, Russia, South, Ukraine, Korea, Washington, Pyongyang, North, Russian, North Korea, Avdiivka, Moscow, Russia’s

☆ Chuck Mawhinney, 74, Dies; Deadliest Sniper in Marine Corps History
▼ + stars: | 2024-02-23 | by ( Clay Risen | ) www.nytimes.com time to read: +1 min

Mr. Mawhinney, who served in Vietnam from May 1968 to March 1970, had 106 confirmed kills and another 216 probable kills, averaging about four a week — more than the average company, which comprised about 150 soldiers. As a sniper, Mr. Mawhinney filled a number of roles. He would stay up all night with his rifle and night scope, watching the perimeter of an encampment for incursions. He would go out on patrol with other Marines, ready to support them if a firefight broke out. But mostly he and his spotter, a novice sniper who helped him identify targets, went out alone, looking for individual targets to kill as a way of sapping enemy morale.

Persons: Chuck Mawhinney, Mawhinney, Chris Kyle, Adelbert Waldron Organizations: Marine Corps, Coles, Navy SEAL, Army Locations: South Vietnam, Baker City, Oregon, Vietnam, Iraq

☆ I've spent 25 years studying the brain—I never do these 4 things that destroy our memory as we age
▼ + stars: | 2024-02-23 | by ( Charan Ranganath | ) www.cnbc.com time to read: +3 min

As a neuroscientist, I've spent the last 25 years researching the science of memory. Multitasking too muchWe rely on an area of the brain called the prefrontal cortex to pay attention to the world around us. Don't miss: Brain expert shares his 7 'hard rules' for boosting memory and fighting off dementia Multitasking makes it worse. It impairs memory and taxes the function of the prefrontal cortex, sapping the resources that would normally help us form strong memories. How to improve your memory: Sleep deprivation is devastating for the prefrontal cortex and leads fragmented memories.

Persons: I've, hadn't

☆ Lenders are bailing out of commercial real estate as a wave of debt builds
▼ + stars: | 2024-01-30 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Roughly $2.1 trillion of debt connected to commercial real estate assets, including office properties, apartment buildings, hotels, and retail spaces, will come due between now and the end of 2025 in the US, according to the real estate services firm JLL. The wave of maturities and the enormous equity shortfalls have raised concerns that a growing number of commercial real estate debts will fall into distress, forcing banks and other lenders to suffer losses. His group tracked about $15 billion of commercial property debt sales during the year, roughly three times the volume from 2022. Commercial real estate loans differ from residential mortgages taken by homeowners in that most are interest-only or pay down their principal balance minimally and span a decade or less. More banks are exploring loan salesBanks and other lenders generally aren't eager to seize the real estate assets that collateralize their debt.

Persons: Jerry, Stephen Scouten, Piper Sandler, it's, Kevin Aussef, Aussef, David Tobin, Marcus, Millichap, Synovus, Tobin, David Frosh, they're, Frosh, Fitch, David Blumberg, we'd, Blumberg, Daniel Geiger, Rob Verrone, Banks, You've, Bliss Morris, Morris Organizations: Amerant Bank, Business, Banking, CIBC, Mission, PacWest, HSBC, Fidelity, Funding Inc, Blackstone, Bloomberg, Broadway, Aon Center, 601W Companies, Iron Hound Management, First Financial Locations: Coral Gables , Florida, Houston, Canadian, Brookfield, Los Angeles, Columbus, Manhattan, Midland, Chicago, Oklahoma City, New York

☆ DeSantis ends 2024 presidential campaign
▼ + stars: | 2024-01-21 | by ( Steve Contorno | Kit Maher | ) edition.cnn.com time to read: +16 min

Accordingly, I am today suspending my campaign,” DeSantis said. Jeb Bush and Sen. Marco Rubio (the latter two of whom he bested in the 2016 Republican presidential primary). Patrick Farrell/Miami Herald/Tribune News Service/Getty Images DeSantis shakes hands with Democratic gubernatorial candidate Andrew Gillum after a CNN debate in October 2018. Joe Raedle/Getty Images DeSantis speaks at the opening of the Conservative Political Action Conference in February 2021. Joe Raedle/Getty Images DeSantis helps hold a python as he kicks off the 2021 Python Challenge in Miami.

Persons: Ron DeSantis, Donald Trump’s, ” DeSantis, I’ve, Donald Trump, Anthony Fauci, Trump, Joe Biden, “, Nikki Haley, ”, DeSantis, Casey, “ DeSantis, Steve Deace, “ It’s, indicting Donald Trump, Haley, Jeb Bush, Sen, Marco Rubio, ‘, ’, Will Lanzoni, Jane, Zuma Press DeSantis, Dunedin High School DeSantis, US Navy DeSantis, John Boehner, Charles Dharapak, Bill Clark, Tom Williams, Trey Gowdy, Al Drago, Zack Wittman, Patrick Farrell, Andrew Gillum, Chris O'Meara, Jeff J Mitchell, Stephen M, Dowell, Chris Kleponis, Lynne Sladky, Steve Cannon, Fernando Medina, Deborah Birx, Doug Mills, Kimberly Guilfoyle, Saul Loeb, Madison, Tori Lynn Schneider, Vera Leip, Joe Raedle, Michael Reaves, Mamie, Mason, WFTS DeSantis, Hurricane Ian, Charlie Crist, Marco Bello, Reuters DeSantis, Sophie Park, Jordan Gale, –, Rupert Mudoch, Jeff Roe, caucused, Kim Reynolds, ’ ”, CNN’s Kaitlan Collins, Jeff Zeleny Organizations: CNN, Florida Gov, Republican, Iowa Republican, Trump, South Carolina Gov, Little League Baseball, Petersburg Times, Zuma Press, Dunedin High School, Yale University, US Navy, Navy, General's Corps, District, DeSantis, First, Bloomberg, Getty, Miami Herald, Tribune, Service, Democratic, Orlando Sentinel, White, Orlando Magic, NBA, Coronavirus, New York Times, Tallahassee Democrat, USA, Conservative Political, Conference, University of South, Reuters, Iowa State University football, House, Fox News, Twitter, GOP, Little League, Yale, Harvard, New York Post, PAC Locations: Iowa, Florida, Wally's, Hampton , New Hampshire, Jacksonville , Florida, Dunedin , Florida, Windsor, V, St, Florida's, Tampa , Florida, Orlando, Jacksonville, Sanford , Florida, Tallahassee , Florida, Tallahassee, Pompano Beach , Florida, Miami, Surfside , Florida, University of South Florida, Covid, Tampa, New Hampshire, Bedford, Bedford , New Hampshire, Ames , Iowa

"We're going to win Iowa," DeSantis declared on NBC's "Meet the Press" on Dec. 2. NBC News reached out to both the DeSantis campaign and Never Back Down for comment for this piece. 'I knew they were stupid'DeSantis' presidential campaign was a mess from the moment it launched. "What harmed the campaign the most off the bat was that it didn't have a clear purpose and message," a former DeSantis campaign staffer said. "The blunt truth is that DeSantis' presidential campaign was sabotaged through early incompetence in Tallahassee," the person said.

Persons: Ron DeSantis, Brendan Mcdermid, DeSantis, Scott Wagner, Wagner, Nikki Haley, Trump, Haley, Jordan Wiggins, Donald Trump, —, Donald Trump —, Elon Musk, Ron, Generra Peck, Ryan Tyson, Christina Pushaw —, Bill Mitchell, Mitchell, Peck, …, Ken, Ken Griffin, Griffin, I'm, Jeff Roe, Roe, Hugh Hewitt, dethrone Trump, it's, Jess Szymanski, we've Organizations: Florida Gov, Republican, Reuters, PAC, Iowa, NBC, New, Trump, NBC News, Gov, DeSantis, Fox News, United Nations, Republican Party, Trump GOP, Twitter, Federal, Commission, Florida GOP, of Justice, Roe, South, Tallahassee Locations: Florida, Iowa, West Des Moines , Iowa, Reuters Iowa, New Hampshire, DeSantis, New York, Tallahassee, South Florida, Iowa , New Hampshire, South Carolina

☆ Johnson’s Big Problem: House Republicans Lack a Governing Majority
▼ + stars: | 2024-01-19 | by ( Catie Edmondson | More About Catie Edmondson | ) www.nytimes.com time to read: +1 min

Republicans may control the House, but when it comes to enacting any significant measure this Congress, it has fallen to Democrats to supply the bulk of the votes. It was the latest sign of a punishing dynamic Mr. Johnson inherited when he won the speakership in the fall. With a minuscule and shrinking majority, a restive right wing willing to defect on major issues, and a Democratic Senate and president, Mr. Johnson is presiding over a House majority in name only — not a governing majority — sapping his leverage. Moments before the temporary spending bill passed on Thursday, it appeared Mr. Johnson might fall just short of mustering the support of a majority of his majority — long the informal but sacrosanct standard for determining what legislation a G.O.P. One hundred and seven Republicans voted for the stopgap bill and 106 opposed it, with Democrats supplying most of the votes — 207 — to push through the bill.

Persons: Mike Johnson, Johnson, — Organizations: Republican, Democratic

☆ Why EVs don’t go as far in the freezing cold
▼ + stars: | 2024-01-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —With temperatures bottoming out across the country, electric vehicle drivers are probably noticing their driving range plummeting. Tests by the consumer advocacy group Consumer Reports showed that EV driving range dropped by about 25% in highway cruising, on average, in sub-freezing weather, compared to days with warmer outside temperatures. There are two main reasons for the drop in driving range, or how far the car can go before recharging: The battery, and the driver. That means driving range is reduced. “If you’re in cold weather, it’s actually going to activate the thermal management to heat up that battery,” he said.

Persons: Andy Garberson, “, ” Organizations: CNN, Consumer, EV

☆ Europe’s Growth Engine Is Broken
▼ + stars: | 2024-01-15 | by ( Tom Fairless | ) www.wsj.com time to read: 1 min

Germany’s car production is more than 25% below its mid 2010s level, according to an auto industry lobby group. Photo: Krisztian Bocsi/Bloomberg NewsGermany is stuck in a rut, and there is no quick way out. The European powerhouse’s economy, the largest on the continent and the world’s fourth biggest, shrank last year, extending a six-year slump that is raising fears of deindustrialization and sapping support for governments across the region.

Persons: Krisztian Bocsi, deindustrialization Organizations: Bloomberg, Germany

☆ Life insurers binge on US financing aimed at helping housing
▼ + stars: | 2023-12-05 | by ( Koh Gui Qing | ) www.reuters.com time to read: +8 min

It has been predominantly used by life insurers, because they need to boost their investment returns with cheap funding to meet long-term liabilities. They provide the cheap funding to banks and insurers in exchange for collateral to ensure they get their money back. Insurers are entitled to tap FHLB funding. Insurers’ borrowing from FHLBs picked up in 2008 financial crisis, as those that spread themselves thin with aggressive investments scrambled for cash. They did not explain why insurers need FHLB funding to invest in mortgages.

Persons: Sarah Silbiger, Ryan Donovan, CMBS, Lawrence White, White, Graphics JUICING, Cynthia Beaulieu, Cornelius Hurley, Hurley, FHLBs, ’, Michael Ericson, Jack Dolan, Koh Qui, Greg Roumeliotis, Anna Driver Organizations: REUTERS, Loan, Federal Housing Finance Agency, of Federal Home Loan, FHLBs, FHLB, National Association of Insurance, New York University, MetLife Inc, Equitable Holdings Inc, Corebridge, Brighthouse Financial, MetLife, TIAA, Equitable, Graphics, Wellington Management, Boston University School of Law, Coalition, Silicon Valley Bank, First, American, of, Insurance Coalition, Reuters, Thomson Locations: Washington , U.S, U.S, Boston, Silicon, First Republic, Chicago, New York

TEL AVIV—Hamas leaders are heading into a temporary cease-fire with a singular mission: survival. Israel has defined its war aims as toppling Hamas from power, killing its leadership, freeing the more than 200 hostages in Gaza and ending any security threat from the strip. The four-day pause gives Hamas time to prepare a new phase of the war that could last months, with the aim of sapping the momentum of Israel’s offensive and creating international pressure to end the conflict without achieving its goals, military analysts said.

Locations: TEL AVIV, Israel, Gaza

☆ New Ecuador president Noboa pledges reforms to reduce violence, create jobs
▼ + stars: | 2023-11-23 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

[1/2] Ecuador's President Daniel Noboa signs first decrees to appoint ministers, at the Presidential Palace (Palacio de Carondelet) on the day of his swearing-in ceremony, in Quito, Ecuador November 23, 2023. REUTERS/Karen Toro Acquire Licensing RightsQUITO, Nov 23 (Reuters) - Business heir and former legislator Daniel Noboa was sworn in as Ecuador's new president on Thursday, pledging to reduce violence and create jobs via urgent legislative reforms. Noboa will serve as president for just 17 months, finishing predecessor Guillermo Lasso's term after Lasso brought forward elections to avoid likely impeachment. DEBT AND SECURITYThough most of Noboa's cabinet was sworn in later on Thursday, the young president did not appoint a minister of economy and finance, leaving the position vacant. Noboa is the son of Alvaro Noboa, a powerful banana baron billionaire who repeatedly failed to win Ecuador's presidency.

Persons: Daniel Noboa, Karen Toro, Fernando Villavicencio, Noboa, Guillermo Lasso's, Lasso, Sariha Moya, Rafael Correa, Alvaro Noboa, Lavinia Valbonesi, Alexandra Valencia, Julia Symmes Cobb, Oliver Griffin, Marguerita Choy, Bill Berkrot Organizations: Carondelet, REUTERS, Rights, National Assembly, El, Social Christian Party, Citizens, Ecuador's, Thomson Locations: Quito, Ecuador, Rights QUITO, American, Noboa, Europe

☆ Cisco slumps after cutting annual profit, revenue forecasts
▼ + stars: | 2023-11-16 | by ( Arsheeya Bajwa | ) www.reuters.com time to read: +2 min

The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 16 (Reuters) - Cisco (CSCO.O) tumbled more than 12% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. Cisco blamed the weakness on a slowdown in orders in the first quarter, saying "customers are currently focused on installing and implementing products in their environments". "Now, they've exhausted their excess backlog and the business is stepping back down to lower revenue run rates," Jefferies analyst George Notter said in a note. Cisco trades at more than 13 times its 12-month forward earnings estimates, compared with the industry median of 10.98.

Persons: Nacho, Jefferies, George Notter, Notter, Morningstar, William Kerwin, Arsheeya, Pooja Desai Organizations: Cisco, Congress, REUTERS, Thomson Locations: Barcelona, Spain, Bengaluru

☆ Walmart lifts targets as shoppers pick low-priced groceries for the holiday
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Siddharth Cavale/File Photo Acquire Licensing RightsNov 16 (Reuters) - Walmart (WMT.N) raised its annual sales and profit forecast on Thursday for the second straight quarter, signaling a strong start to the holiday season. The strong demand for low-priced products from groceries to clothing and gifts, coupled with better in-stock levels, has helped Walmart take more market share from other retailers - including dollar stores - in recent months. Walmart now expects fiscal 2024 earnings per share of between $6.40 and $6.48, up from its prior forecast of $6.36 to $6.46. Walmart is also doubling down on holiday merchandise across a wide range of price points to attract inflation-hit customers looking to make Christmas purchases on a budget. Walmart shares, which have gained nearly 20% this year, were down 1% in premarket trading.

Persons: Siddharth Cavale, Doug McMillon, Deborah Sophia, Susan Fenton Organizations: REUTERS, Walmart, Target, Walmart U.S, Walmart's, Thomson Locations: Teterboro , New Jersey, U.S, New York, Bengaluru

☆ Help Wanted: Cuba's government turns to growing diaspora for investment
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

This migration wave includes many young people and "is having the greatest impact in history in terms of demographics, because of its composition," said Ernesto Soberon, director of Consular Affairs for the Cuban Foreign Ministry. Cuban expats have already invested in bed-and-breakfasts, eateries and other activities on the island, but Cuba would like to see more capital flow, he said. The conference is expected to attract Cubans living off island but with favorable views of their home country, including businesspeople, economists, and members of foreign resident associations. Around 2.5 million Cubans and their descendents now live off the island, Soberon said. "That will ultimately raise their standard of living so that they want to spend their lives here in Cuba and not abroad," he said.

Persons: Marco Bello, Ernesto Soberon, Soberon, Fidel Castro, Castro, Joe Biden, Dave Sherwood, Rosalba O'Brien Organizations: REUTERS, Rights, Reuters, Consular Affairs, Cuban Foreign Ministry, U.S, Cuban, Thomson Locations: Cuban, Cuba, Miami , Florida, U.S, Rights HAVANA, Caribbean, Havana

The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. But Fisker was limited by its delivery and service infrastructure rather than production and demand. "We have not been able to follow through with deliveries fast enough," CEO Henrik Fisker said on the call. "In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company's internal control over financial reporting," Fisker said. The EV company reported a loss of $91 million, missing analysts' estimates for a loss of $75 million, according to Visible Alpha.

Persons: Stephane Mahe, Fisker, Geeta Fisker, Tesla, Elon, Henrik Fisker, Samrhitha Arunasalam, Jaiveer Singh Shekhawat, Akash Sriram, Abhirup Roy, Shounak Dasgupta, Stephen Coates Organizations: Fisker, REUTERS, Ford, General Motors, EV, Alpha, stoke, Revenue, Thomson Locations: Paris, France, U.S, Canada, Austrian, Bengaluru, San Francisco

REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 23 (Reuters) - The U.S. Justice Department has sought documents and issued subpoenas to Tesla (TSLA.O) as it scrutinizes the automaker's driver assistance system Autopilot and vehicle driving range, among other issues, the company said on Monday. Tesla said in a regulatory filing it has received requests for information "including subpoenas, from the DOJ. These have included requests for documents related to Tesla’s Autopilot and FSD features" and other requests "associated with personal benefits, related parties, vehicle range and personnel decisions." Reuters reported in October 2022 that Tesla was under a Justice Department criminal investigation over claims the company's electric vehicles can drive themselves, citing people familiar with the matter. The company's spending is, however, expected to return to the $7 billion to $9 billion range in the next two years, a regulatory filing showed.

Persons: Mike Blake, Tesla, Elon Musk, Musk, Aditya Soni, Juby Babu, David Shepardson, Maju Samuel, Savio D'Souza, Jonathan Oatis Organizations: Tesla, Beta, REUTERS, U.S . Justice Department, DOJ, Reuters, Justice Department, Street, Chief, Traffic, Administration, Thomson Locations: Encinitas , California, U.S, Mexico

☆ BlackRock warns of US earnings stagnation, remains bullish on AI, Japan
▼ + stars: | 2023-10-23 | by ( David Randall | ) www.reuters.com time to read: +2 min

The S&P 500 is down nearly 8% from its July highs as a selloff in Treasuries has pushed yields near 16-year highs, sapping investor enthusiasm for equities. While the firm is underweight broad equities for the next 6 to 12 months, it remains bullish on mega-cap technology companies, as well as healthcare and Japanese stocks, it noted. Overall, stock valuations look elevated, especially given the higher yields available in the bond market, the firm noted. The bearish call from BlackRock, the world's largest asset manager, comes as investors closely watch earnings for signs that the U.S. economy remains resilient in the face of rising interest rates. Companies in the S&P 500 are expected to post earnings growth of 1.3% in the third quarter compared with the same time last year, according to LSEG IBES.

Persons: Brendan McDermid, LSEG, David Randall, Hugh Lawson Organizations: BlackRock, New York Stock Exchange, REUTERS, BlackRock Investment, Companies, Microsoft, Google, Facebook, Apple, Nvidia, Thomson Locations: New York City, U.S, BlackRock, Treasuries

☆ Tesla to top $9 bln spending target this year as it rolls out new models
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed. He warned that rising interest rates could impact demand at Tesla, on top of a margin-sapping price war this year to maintain sales. Tesla shareholders -- including Gary Black, managing partner of The Future Fund, which owns Tesla stock -- have been calling for the automaker to advertise, saying that price cuts have only had a limited impact on demand. Reporting by Aditya Soni and Juby Babu; Editing by Maju Samuel and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Tesla, Elon Musk, Musk, Gary Black, Aditya Soni, Juby Babu, Maju Samuel, Savio D'Souza Organizations: Tesla, REUTERS, Fund, Thomson Locations: Taipei, Taiwan, Mexico

☆ Opinion | To Win the War, Defeat Hamas and Stop Settlements
▼ + stars: | 2023-10-19 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +11 min

After that rocket failed and fell on the Palestinian hospital in Gaza, killing scores of people, Hamas and the P.I.J. (Netanyahu’s coalition agreement actually vows to annex the whole of the West Bank.) I am well aware that Hamas has been committed to eliminating the Jewish state since its inception — not because Israel has expanded settlements in the West Bank. The Palestinian Authority, which is ready to coexist with the Jewish state, needs to be able to actually win a free and fair election against Hamas in the West Bank or Gaza. So no, we’re not telling Netanyahu what to do in Gaza — Israel is a sovereign country.

Persons: Biden, —, Benjamin Netanyahu, Israel, Israel’s, Hassan Nasrallah, Nahum Barnea, beseeching Biden, beseech, it’s, “, Gazans, there’s, Bibi Netanyahu’s, Abraham, Netanyahu, Sam’s, we’re, Netanyahu’s, Dan Ben, David, ” Mr, Ben, Yuval Noah Harari, ” Organizations: West Bank . Settlers, Palestinian Authority, West Bank, U.S, U.S . Navy, Pentagon, Arab Hospital, United, Israel, Hamas, Peace Communications, Times, Abraham Accords, Ministry of Defense, Tel Aviv University, Technion, Israel’s Locations: Israel, Gaza, Iraq, Afghanistan, Jerusalem, —, Iran, Lebanon, Syria, Yemen, United States, U.S, Tehran, Persian, Gaza ”, America, Saudi Arabia, Jordan, Egypt, Gaza — Israel, We’re, Israeli

☆ Morningstar: These are the 33 top undervalued stocks to buy now that the market is finally cheap after last month's sell-off
▼ + stars: | 2023-10-12 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

"That represents an 8% discount to our fair value estimates." Sekara was among those who had to try and keep up with the surprising moves among growth stocks this year. Now, with growth stocks cheaper than they have been in months, he's back on the bandwagon. In a separate note published earlier this month, editor Susan Dziubinski polled Morningstar analysts for their top undervalued stocks to buy this quarter. The results are below, along with each company's ticker, latest closing price, price to fair value ratio, fair value uncertainty, and its economic moat rating.

Persons: David Sekara, Morningstar, Sekara, he's, Susan Dziubinski Organizations: Investor, Federal Reserve, Morningstar

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