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☆ A swanky 10,000 square-foot home in San Francisco just lost half of its $20 million value in 3 years
▼ + stars: | 2023-12-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A six-floor duplex home in San Francisco had its price slashed by $10 million in just three years. It was bought for $20 million in 2020, but then sold for only half that value in November. Home values in San Francisco have been sinking in the last year after reaching a peak in April 2022. AdvertisementA 10,000-square-foot duplex apartment in San Francisco was just sold for only half of its $20 million value from three years ago, as the city's housing market suffers a recent slump. Home prices have been slashed across the US over the last year, but San Francisco is often a poster child for the decline because property there is notoriously expensive.

Persons: —, Rohin Dhar, Leslie Stretch, Zillow, Business Insider's James Faris Organizations: Service, Bay, Business Locations: San Francisco, Calcutta, Francisco

☆ Is NBC Rooting for Trump?
▼ + stars: | 2023-12-05 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Florida Governor and Republican presidential candidate Ron DeSantis campaigns in Ames, Iowa last month. Photo: Fritz Nordengren/Zuma PressA recurring phenomenon of this election cycle is that the same media outlets promoting regular allegations that Donald Trump is the greatest threat to the country also regularly encourage news consumers to view the next most popular candidate among Republican voters as doomed to fail. The loss of media credibility in the Trump era is an old story but isn’t there any journalistic interest in at least allowing a non-Trump alternative to receive a fair hearing? Witness Sunday’s questioning on Meet the Press by NBC’s Kristen Welker, who in interviewing Gov. Ron DeSantis (R., Fla.) seemed determined to confirm the theory that media companies want another Trump candidacy to boost ratings while enhancing the chances of a Democratic victory.

Persons: Ron DeSantis, Fritz Nordengren, Donald Trump, Trump, NBC’s Kristen Welker Organizations: Republican, Trump, Gov, Democratic Locations: Florida, Ames , Iowa, Fla

☆ A new era for the market means a new way to think about investing
▼ + stars: | 2023-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe market volatility in the wake of the pandemic gave people visions of getting rich overnight, but true investing is a long-term play. As a result, a new market regime means new investing strategies will be necessary, James and Will write. Setting aside recency bias, it's been relatively easy to generate good returns in the market over the past 10 years. AI names may have commanded the market's attention lately, but another corner of the market is seeing impressive gains: stocks tied to digital assets.

Persons: —, Liam Eisenberg, Insider's James Faris, Will Edwards, Let's, James, Will, Spencer Platt, that's, Arantza Pena Popo, bitcoin, Alyssa Powell, Prasad Kalyanaraman, Cybertruck, Elon Musk's Cybertruck, Jay, Tyra Banks, Blake Snell, Thomas Carlyle, I'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Getty, Marathon Digital, Oxford Dictionary Locations: America, Europe, EU, New York City, San Diego, London, New York

☆ Here's why some of Wall Street's biggest bulls are still calling for a recession in 2024 — and 4 investments they recommend right now
▼ + stars: | 2023-12-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

After a year of steady, resilient growth, the US economy will finally slip into a recession in 2024. Deutsche Bank is also calling for double-digit profit growth in a weaker economic backdrop. "For 2024, the house economics view with a mild short US recession implies $250 (+10%)," Chadha wrote in reference to S&P 500 earnings. Deutsche Bank also foresees earnings growth next year. "We remain overweight the financials as well as consumer cyclicals as they are already priced for a recession and the biggest beneficiary of an eventual recovery," Chadha wrote.

Persons: That's, —, Chris Grisanti, Brian Belski, Chadha, Belski, Financials, BMO's Organizations: Wall, Business, BMO Capital Markets, Deutsche Bank, MAI Capital Management, CNBC, BMO, Deutsche, Labor, Investors, Tech Locations: Chadha

☆ 16 stocks to add to your portfolio now with markets set to rally to new all-time highs in 2024, according to an $861 billion investment firm
▼ + stars: | 2023-12-02 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Strategists are generally bullish about 2024, especially those at BMO Capital Markets. The firm sees US stocks rising by at least 11% in the second year of the bull market. Here are 16 US-based companies that BMO says stand out right now. US stocks have exceeded all expectations this year , and history says investors should prepare for an impressive encore in 2024 that includes new record highs. Double-digit market returns are in the cards again next year, according to BMO Capital Markets.

Organizations: BMO Capital Markets, BMO, Business

☆ Sandra Day O’Connor, first woman Supreme Court justice, dies
▼ + stars: | 2023-12-01 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +6 min

CNN —Former Justice Sandra Day O’Connor, who blazed trails as the first woman to sit on the Supreme Court, has died, the court announced Friday morning. O’Connor inspired generations of female lawyers – including the five women who served after her nomination on the high court. O’Connor stepped down from the court in 2006 to care for her husband who was ailing from Alzheimer’s disease. Key vote on abortion, affirmative action, Bush v. GoreDuring her tenure, the court for a time was known informally as the “O’Connor Court” because she served as the deciding vote in so many controversial cases. O’Connor was well aware of the symbolism of her place in history as the first female justice.

Persons: Sandra Day O’Connor, O’Connor, John Roberts, ”, Ronald Reagan, Ruth Bader Ginsburg, George W, Bush, Samuel Alito, William Rehnquist, John O’Connor, “, ” O’Connor, James Forman, ’ ” Forman, Gore, Casey, Donald Trump’s, O’Conner, Marci Hamilton, ” Hamilton, Alito, Roe, Wade Organizations: CNN, ”, Stanford University, Stanford Law School, Maricopa County Superior Court, of Appeals, University of Michigan, Supreme Court, Republican Locations: Arizona, Maricopa County

☆ Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall
▼ + stars: | 2023-12-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +111 min

Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.

Persons: Donald Trump, –, Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, “, ”, Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, ’, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, ‘, Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, …, White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, ”, Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, –, Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, “, University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, “, U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, ”, ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, –, Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda

☆ Shane MacGowan, lead singer of The Pogues, dead at 65
▼ + stars: | 2023-11-30 | by ( Jack Guy | Niamh Kennedy | ) edition.cnn.com time to read: +2 min

London CNN —Shane MacGowan, the lead singer of Anglo-Irish band The Pogues, has died, according to a statement from his wife, Victoria Mary Clarke. The singer had been discharged from Dublin’s St. Vincent’s Hospital on November 22 after receiving treatment there for an infection, Clarke said. And MacGowan received a full set of dental implants in 2015 after losing several teeth as a result of his heavy drug and alcohol use. Born in Kent, England in 1957 to Irish parents, MacGowan spent his summers in a farmhouse in southern Ireland, surrounded by traditional Irish music. He formed his band, The Pogues, in London in 1982 with Peter “Spider” Stacy, Jem Finer and James Fearnley, blending traditional Irish folk music with punk sounds.

Persons: London CNN — Shane MacGowan, Victoria Mary Clarke, Clarke, ”, Shane MacGowan, Kirsty MacColl, Brian Rasic, ” MacGowan, MacGowan, Peter “ Spider ” Stacy, Jem, James Fearnley, Ireland’s, Leo Varadkar, Michael D, Higgins, MacGowan’s Organizations: London CNN, Vincent’s Hospital Locations: Dublin’s St, Kent , England, Ireland, London, York, ”

☆ Raymond James sees 'mild' recession, single digit stock return next year
▼ + stars: | 2023-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Raymond James is bracing for a "mild" recession in the new year that will likely result in only "modest positive gains" for equities in 2024. "Single Digit Returns A Decent Base Case," he added. In Raymond James' base case scenario, or what it believes is the most likely assumption, McCourt said that corporate profit expectations likely need to come down. Heading into the new year, Raymond James favors several stock sectors, among them medical devices, financial services and insurance issues. In its base case scenario, real estate, utilities and telecom offer the best risk-reward.

Persons: Raymond James, Tavis McCourt, McCourt, — CNBC's Michael Bloom Organizations: Nasdaq

LOS ANGELES (AP) — Bronny James has been cleared by doctors for a full return to basketball four months after suffering a cardiac arrest, and the Southern California freshman is expected to make his collegiate debut soon. “What soon means, I don’t know,” coach Andy Enfield said after USC’s win over Eastern Washington on Wednesday night. The 7-foot-1 sophomore suffered a cardiac arrest in July 2022. He suffered a cardiac arrest in July during a workout at Galen Center. The 6-foot-3 guard played at Sierra Canyon School in the Chatsworth section of Los Angeles and chose to stay close to home in picking USC.

Persons: — Bronny James, James, “, Andy Enfield, “ It’s, ” James didn't, didn’t, Gonzaga, LeBron James, ” Enfield, Boogie Ellis, Kobe Johnson, “ Bronny's, ”, He's, Vincent Iwuchukwu, Iwuchukwu Organizations: ANGELES, Southern, USC, USC’s, Eastern Washington, Long, Los Angeles Lakers, Trojans, Oklahoma, Galen Center, Sierra Canyon School, AP Locations: Southern California, Las Vegas, Long Beach State, Chatsworth, Los Angeles

☆ It's never been a smarter time to rent instead of buying a home — especially in these 32 US cities where landlords' asking prices are plummeting back to earth
▼ + stars: | 2023-11-29 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Buying a home has never been more expensive relative to renting, according to new research from online rental platform Zumper . Rent was up at the slowest year-over-year pace this month since December 2020, according to Zumper. 32 cities where rent is down meaningfullyFortunately for renters, declines in apartment asking prices are both significant and widespread. Below are the 32 cities where the median rent for a one-bedroom setup is at least 3% lower now than it was in 2022, according to Zumper. Along with each metropolitan area are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Zumper, Anthemos Georgiades Organizations: Business Locations: Sun

☆ Elizabeth Warren Takes on ‘Big Sandwich’
▼ + stars: | 2023-11-28 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Senator Elizabeth Warren, a Democrat from Massachusetts, during a Senate Finance Committee hearing in Washington earlier this month. Photo: Al Drago/Bloomberg NewsA Journal editorial notes that Sen. Elizabeth Warren (D., Mass.) But don’t expect the senator to stop promoting misguided market interventions, no matter how ludicrous. “Elizabeth Warren wants to break up Big Sandwich,” reads the headline on a Washington Examiner op-ed from Tom Joyce. Since consumers tend to love a big sandwich, a little explanation is in order—not that it will make Ms. Warren’s latest campaign any more appetizing.

Persons: Elizabeth Warren, Al Drago, Sen, ”, Tom Joyce, Warren’s Organizations: Bloomberg, Washington Examiner Locations: Massachusetts, Washington, Sandwich

☆ Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets
▼ + stars: | 2023-11-28 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.

Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel

☆ How to make your money work for you over the next decade
▼ + stars: | 2023-11-28 | by ( James Faris | William Edwards | ) www.businessinsider.com time to read: +16 min

"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.

Persons: —, Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries

☆ Home prices are tumbling in these 25 cities, giving hope to buyers while costing owners who bought at the peak up to $223 per day
▼ + stars: | 2023-11-25 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Many aspiring homeowners have been priced out of the market this year by lofty listing prices and crippling mortgage rates, and they just endured the worst quarter for home affordability since 1985 . Restrictive rates are crushing demand since buyers either can't afford a mortgage or don't want to pay up, while many owners are reluctant to sell since they'd then become buyers. A lack of willing buyers has put significant downward pressure on home prices for the first time since 2015 . "As mortgage rates choke buyers' attempts at homeownership, home prices ground to a halt in many cities, and they're dropping fast in others," Hopulele wrote. At that point, the Federal Reserve may be willing to cut interest rates, which would trickle down to mortgage rates .

Persons: Buyers, Andra Hopulele, they'd, Hopulele, Mike Skordeles, it's Organizations: Business, overpaying, Federal Locations: San Francisco, homeownership, Truist

DETROIT (AP) — Coach James Franklin is pleased Penn State posted another double-digit win season, even though it fell short in matchups with the Big Ten's best two teams. Drew Allar threw for 292 yards and two touchdowns and Kaytron Allen ran for a career-high 137 yards, providing the 11th-ranked Nittany Lions with plenty of offense in a 42-0 win over Michigan State Friday night. In the second half, Omari Evans had a 63-yard reception. Michigan State: The Harlon Barnett era is likely over. Michigan State: Athletic director Alan Haller may hire a new coach as soon as this weekend.

Persons: James Franklin, Drew Allar, Kaytron Allen, “, ” Franklin, Mel Tucker, Nathan Carter, Allar, Nicholas Singleton, Kayron Allen, Allen, Beau Pribula, Tyler Warren, Katin Houser, Jaylen Reed, Big, Ja’Juan Seider, Ty Howle, Mike Yurcich, Singleton, Omari Evans, Franklin, Barnett, Tucker, Alan Haller, ___ Organizations: DETROIT, —, Penn, Big, Nittany Lions, Michigan State, Penn State, The Nittany Lions, Ohio, Ford, “, Rutgers, Detroit, Spartans, Michigan, Ohio State, College Football, Athletic, AP Locations: Michigan, Washington, Penn State

New York Governor Andrew Cuomo arrives to depart in his helicopter after announcing his resignation in Manhattan, New York City, U.S., August 10, 2021. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 24 (Reuters) - A woman who in 2021 accused former New York governor Andrew Cuomo of groping her when she was working for him has filed a civil lawsuit against her one-time boss. It was the only criminal charge brought over the allegations against Cuomo. Another former aide, Charlotte Bennett, sued Cuomo for sexual harassment in September 2022. Reporting By Brendan Pierson in New York, Editing by Alexia Garamfalvi Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Cuomo, Caitlin Ochs, Brittany Commisso, Cuomo, Letitia James, Commisso, Charlotte Bennett, Brendan Pierson, Alexia Garamfalvi, Alistair Bell Organizations: New, REUTERS, Democrat, New York, Thomson Locations: Manhattan , New York City, U.S, New York, Albany , New York, Albany's

☆ Sam Bankman-Fried’s Life Behind Bars: Crypto Tips and Paying With Fish
▼ + stars: | 2023-11-23 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Mackerel packets, known as ’macks,’ are a favored federal jailhouse currency after officials banned smoking. Photo Illustration: Illustration by The Wall Street Journal; Photo: Bill BaroniSam Bankman-Fried , convicted of fraud in the meltdown of FTX, has traded in crypto for a new currency: mackerel. The fallen crypto king, who is cooling his heels at Brooklyn’s Metropolitan Detention Center while he awaits sentencing for seven felony offenses, has learned the fundamentals of prison economics while sharing a dormitory with a former Honduran president awaiting criminal trial and a recently convicted former top cop of Mexico, people familiar with the matter said.

Persons: Bill Baroni Sam Bankman, Fried Organizations: Wall, Brooklyn’s Metropolitan Detention Locations: Brooklyn’s, Honduran, Mexico

WASHINGTON (AP) — Charles Peters, founding editor of The Washington Monthly and its editor-in-chief for three decades, died Thursday at age 96. In confirming his death in his Washington home, the journal reported that Peters had been in declining health for several years, mainly from congestive heart failure. He served as the magazine's editor from 1969 to 2000. The author and journalist James Fallows, who began his career at the magazine, told readers of Peters' death on the journal's website. “He matters in the ideals he has set for his country,” Fallows wrote.

Persons: — Charles Peters, Peters, James Fallows, ” Fallows, Beth Organizations: WASHINGTON, The Washington Monthly Locations: Washington, Charleston , West Virginia

☆ Buy these 33 top-rated stocks to build a diversified, downturn-resistant portfolio in 2024, according to UBS
▼ + stars: | 2023-11-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Economic growth should persist in 2024, albeit at a weaker pace, according to top strategists at UBS Global Wealth Management (GWM). "We do see the savings rate — the recent savings rate — as unsustainably low, and we expect it to rise over time," said Brian Rose, a senior economist and investment strategist at UBS GWM, during the webinar. "And really, the base of the economy depends very heavily on what happens to the savings rate." Rose continued: "If the savings rate just gradually drifts higher over time, then we can have a soft landing. 33 top stocks across sectorsWhile UBS is constructive about 2024, its strategists think investors should prepare for anything.

Persons: Solita Marcelli, Brian Rose, Rose, there's, Marcelli, Daniel Scansaroli, Nicolas Le Roux, Le Roux, financials Organizations: UBS Global Wealth Management, UBS, Business, US, UBS GWM, Federal Reserve, UBS GWM's, Companies Locations: Americas, Ukraine, Israel, Europe, China, Japan, Australia

☆ 'Right now is not the time to be a hero': Top investing minds at $1.4 trillion T. Rowe Price warn that there's serious recession risk in 2024 — but these 4 tech stocks will still dominate
▼ + stars: | 2023-11-19 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Several large investment firms are writing off a recession in the US in 2024 as growth holds up and inflation steadily declines, but T. Rowe Price thinks that optimism may be misplaced. While T. Rowe Price doesn't have an official call on the economy, the brightest minds at the $1.4 trillion Baltimore-based firm urged investors to be cautious at a mid-November conference. However, T. Rowe Price is skeptical that the Fed will end its fight against inflation anytime soon. T. Rowe Price found that through October, those names rose 53.2% compared to a 1.2% year-to-date return for the other 493 companies in the S&P 500. Dom Rizzo, a portfolio manager of global technology equity strategy at T. Rowe Price, agreed that the Magnificent 7's momentum won't stop just because the group is pricey.

Persons: Rowe Price, Goldman Sachs, Goldman, Jan Hatzius, Rowe Price doesn't, We're, Tim Murray, Rowe Price's, Murray, We've, Rowe, Uruci, he's, it's, Tesla, let's, Dom Rizzo, Rizzo, septet, Santa, He's Organizations: Citi, UBS Global Wealth Management, Business, Federal Reserve, Apple, Microsoft, Nvidia, Meta, AMD Locations: Baltimore, Santa Clara

☆ A chartmaster who called the last market downturn shares why stocks could soar to new record highs by year-end — and lists 4 investments that will build on recent momentum
▼ + stars: | 2023-11-17 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"It depends a lot on interest rates, and if they can remain where they're at, I think that's certainly a possibility," Keller said in a recent interview with Insider. Speaking of spot-on, Keller predicted in mid-September that the S&P 500 would fall to 4,100 if it broke below 4,350. "And a lot of S&P stocks are still down on the year, but that seems like it's starting to change." Its relative performance is also lacking , as the S&P 500 is up 17.3% in that span. Below are charts from Keller showing the strong technical setups of the S&P 500 and the four investments that he's especially bullish on now.

Persons: David Keller, Keller, it's, what's, Rowe Price, Russell, that's, Keller isn't, I'm, Don't, we're, he's Organizations: Business

☆ The Story About the Story About San Francisco
▼ + stars: | 2023-11-16 | by ( James Freeman | ) www.wsj.com time to read: 1 min

San Francisco Mayor London Breed at a flag-raising ceremony for the APEC Summit last week at City Hall. This column recently noted the feverish effort by San Francisco officials to present their city as safe and thriving while dignitaries are in town for the Asia-Pacific Economic Cooperation summit. Mayor London Breed is especially eager to create a new media narrative about the city’s problems. But headlines don’t invent themselves and this week brings yet another reminder that if Ms. Breed doesn’t want media outlets to write stories about lawlessness then she will need to enforce laws.

Persons: Eric Risberg, London Breed, Breed Organizations: San Francisco Mayor London Breed, APEC, City, San Francisco, Economic Cooperation, London Locations: Asia

☆ Opinion: Megan Fox, the actress-turned-poet, has a lot to say
▼ + stars: | 2023-11-16 | by ( Opinion Patricia Grisafi | ) edition.cnn.com time to read: +9 min

But I am thinking about the phenomenon of the celebrity poetry collection differently — and it has to do with the actress Megan Fox’s recent debut collection, “Pretty Boys Are Poisonous” (Simon & Schuster). Simon and Schuster has lost all credibility…”Fox, who has starred in “Transformers,” “Jennifer’s Body” and “Teenage Mutant Ninja Turtles” is, of course, not the first celebrity to write a poetry collection. Confessional poetry continues to be a debatable term in academic circles. Confessional poetry is genre that is not limited to women but seems to be associated most frequently with them. In particular, Sylvia Plath and Anne Sexton are often invoked when confessional poetry is discussed.

Persons: Patricia Grisafi, Mary Sue, Square Barnes, Noble, James, Herbert White, Franco’s, Barnes, Franco, Megan Fox’s, Simon, Schuster, Fox, bimbo, ” Fox, Tupac Shakur, Billy Corgan, Alicia Keys, Mary Lambert, Florence Welch, Halsey, Lana del Rey, —, Jude Ellison Sady Doyle ruminated, she’d, ” Doyle, Sylvia Plath, Anne Sexton, Sexton, Plath, Lilith, Mary Magdalene, ” Marilyn Monroe, Formally, isn’t, Timbaland, Justin Timberlake, “, Britney Spears Organizations: Guardian, Salon, NBC, Los Angeles, Daily, CNN, Square, Big, tote, Fox Locations: Hollywood, New York City

☆ A top portfolio manager explains why growth stocks will thrive in 2024 — and names 6 companies that are set to outperform
▼ + stars: | 2023-11-16 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Leading fund manager Kimberly Scott doesn't think a recession will kill the market's momentum. US stocks caught fire in late October and have now nearly recovered from a three-month-long selloff that started in August. Still, Scott said she expects the US economy to keep growing in 2024 as earnings growth accelerates once again. If price growth retreats to normal levels, Scott said growth-oriented stocks should outperform in 2024. 6 top stocks to own in 2024After sharing her optimistic view about earnings and the economy, Scott listed six stocks she's bullish on heading into 2024.

Persons: Kimberly Scott doesn't, Scott's, it's, Scott, Nathan Brown, Bradley Halverson, she's, Wall, They've Organizations: Business, Investors, Reserve, Delaware, Companies, Consumer

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