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☆ Australia's O'Callaghan smashes 14-year-old record to win world title
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +3 min

FUKUOKA, Japan, July 26 (Reuters) - Australia's Mollie O'Callaghan finished with a flourish to break the longest-standing world record in women's swimming, claiming the 200 metres freestyle title in a time of one minute, 52.85 seconds at the World Aquatics Championships on Wednesday. Summer McIntosh of Canada was 0.80 seconds behind to take bronze in a world junior record time. Olympic champion Titmus had blazed to the 400m freestyle title on Sunday to erase 16-year-old McIntosh's mark and was well placed to go for another record after topping the semi-final time sheet. Hungary's world record holder Kristof Milak was absent from the men's 200m butterfly that followed, as the Olympic and world champion skipped the meet saying that he was not physically or mentally in a position to compete. The mixed 4x100m medley relay concludes the fourth day of swimming with the Americans tipped to win their third title.

Persons: Mollie O'Callaghan, O'Callaghan, Italian Federica Pellegrini, Ariarne Titmus, Summer McIntosh, Titmus, China's Yang Junxuan, Kristof Milak, Frenchman Leon Marchand, Poland's Krzysztof Chmielewski, Tomoru Honda, Qin Haiyang, Nic Fink, Adam Peaty, Matthew Richards, Ahmed Hafnaoui, Sam Short, Bobby Finke, Shrivathsa Sridhar, Toby Davis Organizations: Wednesday, Channel, Marine Messe Fukuoka, Thomson Locations: FUKUOKA, Japan, Italian, Rome, Australia, Canada, Budapest, Tunisia, United States, Bengaluru

Five hedge funds shared five trading ideas on global property markets, adding that they cannot reveal trading positions for regulatory reasons. CM REITs are companies that own mortgages of multi-family residential homes as well as commercial real estate loans. Cell phone data Litt bought to research a REIT run by Alexandria Real Estate Equities (ARE.N), showed that buildings which that were supposed to be almost fully occupied were only half full. Alexandria Real Estate responded pointing to public filings which said that it was the advancement of science and related intellectual property in Alexandria’s Labspace buildings, and not employee foot traffic that drove its demand for space. But Litt believes that the shift away from office working will also hurt life and sciences real estate, generally.

Persons: Jonathan Mizrachi, CMBSs, David Amaryan, Ben Hunsaker, Hunsaker, Jonathan Litt, Litt, ANSON, Moez Kassam, Vistry, Kassam, Nell Mackenzie, Dhara Ranasinghe, Alison Williams Organizations: Property, Capital, Beach, Beach Point Capital Management, REITs, Alexandria Real, Reuters, Vistry, Thomson Locations: York, Russia, Russia's, Ukraine, Armenia, Beach Point, Alexandria, Alexandria’s, London, Carolina, New York

☆ How to Improve a Summer Tomato Sandwich? Furikake.
▼ + stars: | 2023-07-23 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: +1 min

There may be no better summer sandwich than a tomato one, on white bread smeared wall-to-wall with mayonnaise and sprinkled lightly with flaky salt and a little cracked black pepper. But as he so often does when he’s cooking, Eric Kim recently came up with a few tweaks that take things to new heights. For his sandwich (above), in addition to lightly toasting the bread (that’s a yikes for some), Eric adds to his salt and pepper a sprinkle of furikake, the savory-sweet Japanese spice blend and rice seasoning. The seaweed in the mixture, he wrote for The New York Times Magazine, “amps up the tomato’s savoriness, intensifying the harmony of fruit, carb and condiment.”Excellent! (Will I go further off-piste and add a sautéed soft-shell crab to each of the sandwiches?

Persons: Eric Kim, Eric, Will Organizations: The New York Times Magazine Locations: furikake

☆ Brian Harman powers to 2023 Open Championship victory, clinching first career major
▼ + stars: | 2023-07-23 | by ( Jack Bantock | ) edition.cnn.com time to read: +19 min

CNN —Brian Harman won the 151st Open Championship on Sunday, sealing the first major of his career in dominant fashion. When Faldo birdied at the subsequent hole, Hoch's hopes of a first major win similarly went up in the air. David Cannon/Getty Images Europe/Getty Images Lorena Ochoa, US Women's Open (2005) Ochoa secured a top-four finish at the 2005 US Women's Open. Not when you led at the final hole. A par at the final hole would have been enough to put the American into the playoff, but an agonizing missed putt [pictured] epitomized her painful afternoon in San Francisco.

Persons: Brian Harman, Australia’s Jason Day, Austria’s Sepp Straka, Tom Kim, Jon Rahm, Harman, “ I’m, ” Harman, Osullivan, Brooks Koepka, Wyndham Clark, Rahm, Kim, Rory’s, Argentina’s Emiliano Grillo, ” McIlroy, “, ”, Luke Walker, Greg Norman, France’s Jean van de Velde, –, McIlroy, Andrew Redington, Sam Snead, Snead, Lew Worsham, Louis, Arnold Palmer, Palmer, Billy Casper, Casper, Ed Sneed, Sneed, Fuzzy Zoeller, Tom Watson, Watson, Scott Hoch, Hoch, Nick Faldo, skyward, Faldo birdied, Hoch's, Mark Calcavecchia, Calcavecchia, Colin Montgomerie, Germany's Bernhard Langer, Norman, Faldo, David Cannon, Jean Van De Velde, Van De, Van De Velde, Frenchman, Barry Burn, Paul Lawrie, Lorena Ochoa, Ochoa, Birdie Kim, Harry, Phil Mickelson, Mickelson, Lefty, Geoff Ogilvy, Ezra Shaw, Stewart Cink, Warren Little, Dustin Johnson, Johnson, Graeme McDowell, Donald Miralle, Jason Dufner, Dufner, Keegan Bradley, Bradley, Adam Scott, Ernie Els, Scott, Jordan, Buddy, Jordan Spieth, Danny Willett, Spieth, Jim Watson, Lexi Thompson, Yuka Saso, Thompson, Sean M, Mito Pereira, Pereira, Justin Thomas, Will Zalatoris, Christian Petersen, Van de Velde, Stuart Franklin, Ghostbuster Harman, Tommy Fleetwood, Read, Brian Harman shrugs, unflappable Organizations: CNN, 151st, PGA, Reuters, Northern, Royal Liverpool, PGA Championship, North, Louis Post, Bettmann, Augusta, Augusta National, Getty, Ryder, American, Scottish, Team Europe, . Augusta National, Barry Burn . Pictures, South Korean, Chevron, Royal Lytham, Nasa, Mito, Southern Hills Country Club, eventual Locations: Royal Liverpool, South, Georgia, Carnoustie, Augusta, North America, San Francisco, Kiawah, Europe, Jean Van De Velde , British, Scotland, Mexican, British, Turnberry, Atlanta, American, New York, St, Annes, squander, Tulsa, Liverpool, Harman’s

☆ Titmus shatters world record to win 400m freestyle gold at worlds
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +2 min

FUKUOKA, Japan, July 23 (Reuters) - Reigning Olympic champion Ariarne Titmus of Australia smashed the world record as she blazed to victory in a battle royale for the women's 400m freestyle title on the opening day of the swimming events at the World Aquatics Championships on Sunday. New Zealand's Erika Fairweather edged McIntosh to grab the bronze, finishing 4.21 seconds behind Titmus. Earlier, Australia's Sam Short won the men's 400m freestyle race a year after his compatriot Elijah Winnington prevailed. The women's and men's 4x100m freestyle relays will bring an end to the day's proceedings at the Marine Messe Fukuoka Hall. Reporting by Shrivathsa Sridhar in Bengaluru Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ariarne, Titmus, Summer McIntosh, Katie Ledecky, Ian Thorpe, Pieter van den Hoogenband, Michael Phelps, Erika Fairweather, McIntosh, Australia's Sam Short, Elijah Winnington, Ahmed Hafnaoui, Germany's Lukas Martens, Winnington, France's Leon Marchand, Carson Foster, Jacob Whittle, Shrivathsa Sridhar, Toby Davis Organizations: Paris, Marine Messe Fukuoka Hall, Thomson Locations: FUKUOKA, Japan, Australia, Athens, Tunisia, Budapest, British, Bengaluru

☆ Grilled Spiedies, Steak and a Classic Senegalese Sauce
▼ + stars: | 2023-07-21 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: +1 min

I want to grill and grill and grill some more, eat outside and devour tomatoes and corn. Thread the knuckles of meat onto skewers, then grill them over a fairly hot grill; serve with seeded Italian semolina bread, hot sauce and a white sauce of mayonnaise, sour cream, minced garlic and a splash of red wine vinegar. Alternatively, you might try Yewande Komolafe’s new recipe for grilled steak with sauce rof (above), a Senegalese condiment made of minced onion, parsley, scallions and chile. I’d go with skirt or hanger steak there, and maybe one extra jalapeño for pop. Or try Melissa Clark’s gingery grilled chicken thighs with charred peaches?

Persons: Summers, Melissa Clark’s, Ali Slagle Locations: New York, Binghamton, Senegalese

☆ Workers at San Francisco's Anchor Brewing are trying to buy the brewery as it faces liquidation under Sapporo ownership
▼ + stars: | 2023-07-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Workers are reportedly offering to buy San Francisco's Anchor Brewing Co. and manage it themselves. Anchor, owned by Japanese beer giant Sapporo, announced this month that it would shutter. Anchor and Sapporo did not immediately respond to requests for comment on the letter or the closing from Insider. The Anchor workers aren't the only ones interested in buying and preserving the brand. Sapporo touted Anchor's "strong brand power" and potential for growth in a statement explaining its acquisition of the brewery in 2017.

Persons: Dave Infante, Pedro de Sá, Mike Minami, Mike Walsh, Sam Singer Organizations: Anchor Brewing Co, Service, Privacy, Brewing, Sapporo USA, Anchor, Sapporo, San Francisco Chronicle, LinkedIn, Cola Locations: Sapporo, Wall, Silicon, San Francisco, Vinepair, Sapporo USA, California

Bank of America (BAC.N) rose marginally in premarket trading after the lender posted a 20% surge in second-quarter profit, while Morgan Stanley's (MS.N) shares pared early gains after the bank's profit slipped 18%, hurt by a deal-making drought. The S&P 500 banks index (.SPXBK) has fallen 5.2% so far this year, underperforming the S&P 500 index (.SPX) which has notched a 17.8% gain after the biggest banking crisis since 2008 earlier this year took down three lenders and pummeled the sector. Overall earnings across industries are expected to decline 8.1% for the quarter, according to Refinitiv data. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were down 3.75 points, or 0.08%, and Nasdaq 100 e-minis were down 26.25 points, or 0.17%. Pinterest (PINS.N) gained 3.3% as Evercore ISI upgraded its rating on the stock to "outperform" and Marvell Technology (MRVL.O) climbed 1.1% after Bank of America added the chipmaker to its U.S. No.1 list.

Persons: Morgan Stanley, Morgan Stanley's, Sam Stovall, Wells, Lockheed Martin, Bansari Mayur Kamdar, Johann M, Nivedita Bhattacharjee Organizations: Bank of America, Dow, Nasdaq, CFRA Research, JPMorgan Chase, Bank of New York Mellon, PNC Financial Services, Lockheed, Dow e, Federal Reserve, ISI, Marvell Technology, U.S, Thomson Locations: New York, Bengaluru

☆ A Fruit Salad That Isn’t Sad
▼ + stars: | 2023-07-16 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: 1 min

Use Ali Slagle’s ace new recipe (above) to start your explorations. She massages lime zest into a little sugar so that the oils release, then mixes it into the fruit with lime juice, tweaking the ratio of juice to sugar until the result is electric. You could add some chopped mint, some red pepper flakes. …MondayI like Hetty McKinnon’s cold noodle salad with spicy peanut sauce for its weeknight versatility. Mix those into soba noodles and drizzle the amazing sauce over the top, making the dish umami-rich and fiery.

Persons: Ali, Hetty

☆ Investors count on upward market momentum in the week ahead as earnings rain down
▼ + stars: | 2023-07-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.

Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton

☆ Butter, Garlic, Spice, Sweetness, Umami and Starch
▼ + stars: | 2023-07-14 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: +1 min

Make any recipe more than three or four times and you’re going to change it, either for reasons of taste or expediency, occasionally both. Make that recipe six or seven times and it’s altered forever. That’s where I am with Eric Kim’s recipe for gochujang buttered noodles (above). Make Eric’s dish as he intended, or take it in whatever direction your pantry allows and your taste desires. It’s just butter, garlic, spice, sweetness, umami and starch.

Persons: Eric Kim’s, cheong, Cook Organizations: ssamjang Locations: spiciness

☆ Google’s Bard AI Chatbot Adds More Languages to Take On ChatGPT
▼ + stars: | 2023-07-13 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/googles-bard-ai-chatbot-adds-more-languages-to-take-on-chatgpt-a2acfc5b

Persons: Dow Jones

☆ Makers of San Francisco's famed Anchor Steam beer are going out of business
▼ + stars: | 2023-07-13 | by ( David K. Li | ) www.cnbc.com time to read: +4 min

Person's hand holding bottle of California Lager from Anchor Brewing Company, maker of Anchor Steam Beer, Lafayette, California, July 12, 2023. A spokesperson for the Brewers Association, which represents more than 5,400 brewers, distributors and craft beer retailers, said the trade group doesn't normally, by policy, comment on the opening or closing of any beer company. But the impending closure of Anchor Brewing — an iconic San Francisco staple as famous as sourdough bread, Ghirardelli Chocolate or Rice-A-Roni — prompted it to offer a heartfelt eulogy. "Anchor's contributions to craft brewing and American beer history cannot be overstated," chief economist Bart Watson said in a statement. Anchor Brewing was purchased in 2017 by Sapporo U.S.A. A representative for the company couldn't immediately be reached for comment Wednesday.

Persons: Smith, Sam Singer, Singer, Roni —, Bart Watson, Watson, couldn't Organizations: California Lager, Anchor Brewing Company, Steam, Brewing, NBC News, Brewers Association, Sapporo U.S.A Locations: California, Lafayette , California, San Francisco, Potrero Hill

☆ Anchor Brewing, the Oldest Craft Brewer in the U.S., Will Close After 127 Years
▼ + stars: | 2023-07-13 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

But recent economic pressures proved too much for the oldest craft brewer in the country: After 127 years, Anchor Brewing Company is shutting down. Anchor added that although it had stopped brewing, it would continue packing and distributing beer while available. In 2021, Anchor Brewing tried to adapt, rebranding and bottling and canning more of its beers to sell in grocery stores. But those changes “couldn’t make up for the significant loss of sales,” he added. In a last-ditch attempt to stay afloat, Anchor limited sales of its beer to California, and stopped producing one of its products, a Christmas ale.

Persons: ” Sam Singer Organizations: Anchor Brewing Company, ” Employees, Anchor Brewing Locations: Sapporo, California

Recent inflation data points to a strong economy that could propel the S & P 500 to break the 5,000-point threshold by the end of 2023, according to Peter Essele, head of portfolio management for Commonwealth Financial Network. June data for two closely watched inflation gauges released this week, the consumer price index and producer price index , showed costs easing across the board. That signals to Essele the S & P 500 can keep charging upward, with his prediction of the 5,000 level being reached implying the S & P 500 will gain another 11.8% from Wednesday's close. The S & P 500 has already had a stellar year, rising 17%. We could easily see the S & P 500 top 5,000 by the end of the year."

Persons: Peter Essele, Essele, Sam Stovall, — CNBC's Michael Bloom Organizations: Commonwealth Financial Network, CPI, PPI, CNBC Locations: Wednesday's

☆ The global golf megamerger looks even more confounding after a 3-hour grilling in front of Congress
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Big questions remain, especially as to why the PGA Tour took the Saudi money without looking elsewhere. The PGA Tour's deal with LIV Golf and Saudi Arabia's Public Investment Fund (PIF) is just an agreement to seek an agreement. This all started when LIV Golf, with golf legend Greg Norman at the lead, started offering PGA Tour players vast sums of money to jump to the new Saudi-backed golf league. The PGA Tour, a non-profit, just did not have the resources to compete with the deep pockets of the Saudis. PGA Tour Commissioner Jay Monahan has yet to testify before Congress.

Persons: LIV Golf, Greg Norman, Sergio Garcia, LIV, Chris Trotman, Sen, Richard Blumenthal, Conn, Tom Williams, Jodi Balsam, Balsam, Jay Monahan, Rob Carr, Jimmy Dunne, Eamon Lynch, Golfweek, Lynch, It's Organizations: Service, LIV, Tour, PGA Tour, Saudi Arabia's Public Investment Fund, PGA, Royal Greens, & Country Club, King Abdullah Economic, Inc, Getty, Brooklyn Law School, NBA Locations: Wall, Silicon, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, PIF

☆ Midyear outlook: Why market history says to expect 'outsize' performance in the second half of 2023
▼ + stars: | 2023-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

"Really good first halves like the one we just had tends to lead to outsize performance for the second half of the year," says Ryan Detrick, chief market strategist at the Carson Group. No one knows for certain what the second half of the year will bring, but market history suggests that the party may just be getting started. In the first six months of this year, the S&P 500 logged a total return of more than 16%. In fact, I doubt we do that over the second half of this year," he says. Opinions vary widely among market soothsayers, but in aggregate they expect the S&P 500 to shed 6% from July through December.

Persons: Ryan Detrick, Detrick, we've, Sam Stovall, Stovall, wouldn't, Warren Buffett Organizations: Carson, Bloomberg, Wall Street

☆ Anchor Brewing in San Francisco to cease operations after 127 years
▼ + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Pour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business. Another problem has been Sapporo, the Japanese beer company that bought the brand in 2017. “This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” said Anchor Brewing spokesperson Sam Singer. “This is a sad day in the history of craft brewing in America,” Harry Schuhmacher, Craft Business Daily’s publisher told CNN. He literally nurtured that brewery from insolvency in the 60s to becoming San Francisco’s hometown beer and symbolic of America’s craft beer resurgence.”

Persons: ”, VinePair, Sam Singer, Anchor, Fritz Maytag, ” Harry Schuhmacher, “, Fritz Organizations: New, New York CNN, Anchor Brewing, Craft, Employees, Anchor, ” Workers, ”, Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft Business, CNN Locations: New York, San Francisco, Sapporo, California, America

☆ Syria aid: Russia slammed as 'inhumane' after blocking UN cross-border aid operation
▼ + stars: | 2023-07-11 | by ( Mohammed Tawfeeq | ) edition.cnn.com time to read: +3 min

CNN —The United States, France and the United Kingdom have condemned Russia’s move to block the proposed extension of a United Nations’ cross-border operation that delivers aid to millions of people in Syria from Turkey. The decision means that UN agencies and humanitarian partners are not authorized to continue using the Bab al-Hawa crossing on the Syria-Turkey border to provide humanitarian aid to people in the rebel-held area in northwest Syria. Russia had submitted a draft which provided for a six-month extension but it was voted down by France, the UK and the US. More than 4 million people rely on aidRussia and Syria have argued the humanitarian operation violates Syria’s sovereignty and territorial integrity, saying food and other aid should be delivered from inside the country. The Syrian regime praised Russia’s decision, saying it vetoed “a Western UNSC draft resolution violating Syria’s sovereignty under the pretext of delivering cross-border aid,” Syrian state-run SANA news said on Tuesday.

Persons: Russia’s, Matthew Miller, “, ”, ” Miller, Vassily Nebenzia, SANA, Bassam Sabbagh, ” SANA, Bashar al, Assad Organizations: CNN, United Nations, UN, State, United Nations Security, Western UNSC, “ Security Locations: United States, France, United Kingdom, Syria, Turkey, Russia, China, Western, Syrian, Syria’s

☆ Russian veto signals end of Turkey-based UN aid operation in Syria
▼ + stars: | 2023-07-11 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

Ambassador Vassily Nebenzia suggested that the council mandate for the aid operation could not be salvaged. Security Council votes on the issue have long been contentious - in both 2022 and 2020 the mandate expired, only to be renewed a day later. The Security Council initially authorized aid deliveries in 2014 into opposition-held areas of Syria from Iraq, Jordan and two points in Turkey. 'UTTER CRUELTY'Russia and Syria have argued that the aid operation violates Syria's sovereignty and territorial integrity. China abstained on the vote for the nine-month compromise renewal of the aid operation authorization drafted by Switzerland and Brazil, while the remaining 13 Security Council members voted in favor.

Persons: Vassily Nebenzia, Nebenzia, we're, Linda Thomas, Greenfield, U.N, Antonio Guterres, Guterres, Stephane Dujarric, Bashar al, Assad, Bassam Sabbagh, Sabbagh, Thomas, Michelle Nichols, Rami Ayyub, Mark Heinrich Our Organizations: UNITED NATIONS, Nations, . Security, Russia U.N, Security, United, United Nations, Reuters, Ten Security, U.S, Thomson Locations: Russia, Turkey, Syria, United States, Damascus, Moscow, Iraq, Jordan, China, United Nations, Switzerland, Brazil, Britain, France, Washington

That compares with a 14.8% gain for the benchmark S&P 500 (.SPX). Microsoft (MSFT.O), Apple (AAPL.O), Nvidia (NVDA.O), Amazon.com (AMZN.O) and Tesla (TSLA.O) combined account for 43.8% weight in the index, according to Refinitiv data as of Monday's close. The special rebalancing may be conducted at any time if the aggregate weight of companies, each having more than 4.5% weight in the index, tops 48%, according to Nasdaq. COULD THE S&P 500 FOLLOW SUIT? Apple and Microsoft are the only two firms with weight over 4.5% in the S&P 500.

Persons: Hogan, Cameron Lilja, Dow, Wells, Sam Stovall, Sruthi Shankar, Medha Singh, Bansari, David Randall, Shounak Dasgupta Organizations: Nasdaq, Microsoft, Apple, Nvidia, Riley, U.S . Securities, Exchange, Dow Jones, Tesla, Booking Holdings, Gilead Sciences, Devices, CFRA, Thomson Locations: Wells, Gilead, Bengaluru, New York

☆ Ann Beattie’s Stories Confront Charlottesville, a City Remade
▼ + stars: | 2023-07-10 | by ( Dwight Garner | More About Dwight Garner | ) www.nytimes.com time to read: +1 min

ONLOOKERS: Stories, by Ann BeattieThe Covid lockdown period already seems, as a subject, like a flattened corpse over which the whole of American culture and commentary has trampled. A case in point is “Onlookers,” Ann Beattie’s new collection of stories, her best in more than two decades. It takes as its subject Charlottesville, Va., a city remade by quarantine, population growth, new money and the fresh forces shaping American life. program at the University of Virginia, to personages such as Peter Taylor, Alison Lurie, Sam Shepard and Beattie herself. It’s where James Alan McPherson and John Casey discovered Breece D’J Pancake, and where Pancake took his own life.

Persons: Ann Beattie, ” Ann Beattie’s, ”, Peter Taylor, Alison Lurie, Sam Shepard, Beattie, It’s, James Alan McPherson, John Casey, Breece, Pancake, John Grisham Organizations: University of Virginia Locations: Charlottesville, Va

☆ How to Make a Perfect Cacio e Pepe, Every Time
▼ + stars: | 2023-07-09 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: +1 min

Now, be honest: How many of them were you proud of — perfect little pouches of fudgy yolk and silken, just-set white? Is this hollandaise going to be as cloudlike and perfect as it was the time before last? We need hacks, tips, advice, techniques that deliver consistent success. In the course of her work, Julia secured the family’s recipe for cacio e pepe (above). Cacio e pepe is a fantastic dish, but it can be a scary one, too: the sauce too clumpy, or not emulsified enough.

Persons: you’ve, you’ll, you’re, howdy, Julia Moskin, Julia, e pepe, Cacio, pepe Locations: Roscioli, Rome, SoHo, Manhattan

☆ Global stocks index flat, Dollar falls on mixed U.S. jobs data
▼ + stars: | 2023-07-07 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

Still, the unemployment rate fell to 3.6% in June from 3.7% in May and average hourly earnings rose 0.4%, the same as May. On Thursday, private payroll provider ADP's strong U.S. labor market data had sparked an equities sell-off and boosted Treasury yields. While Friday's government data was initially met with a more muted market reaction, stocks gained some ground during the session before losing ground again in afternoon trading. The dollar slumped after the labor market data as some traders were betting that the Fed could cut rates sooner than previously expected. The dollar index fell 0.795%, with the euro up 0.73% to $1.0965.

Persons: Mike Segar, nonfarm payrolls, Quincy Krosby, payrolls, Sam Stovall, Stovall, Sterling, Brent, Sinéad Carew, Caroline Valetkevitch, Nell Mackenzie, Naomi Rovnick, Tom Westbrook, Andrew Heavens, David Holmes, Will Dunham, David Evans Organizations: Wall, New York Stock Exchange, REUTERS, Federal, U.S, CFRA Research, Dow Jones, Nasdaq, Fed, Treasury, Thomson Locations: Manhattan, New York City , New York, U.S, Charlotte , North Carolina, New York, London, Sydney

☆ This classic recession indicator just hit its lowest level since 1981—here's what it means for you
▼ + stars: | 2023-07-07 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

So when the yield curve does make headlines, it's generally because it's setting off some alarm bells among market watchers. In general terms, that means short-term bonds are paying higher interest rates than long-term bonds. An inverted yield curve is a classic signal that a recession is on the horizon. An inverted yield curve makes the math unprofitable for banks in many cases. But in another sense, an inverted yield curve presaging a recession is sort of a self-fulfilling prophecy.

Persons: It's, Megan Horneman, Sam Stovall, doesn't, Stovall, Banks Organizations: Verdence Capital Advisors, Federal Reserve

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