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☆ Erdogan asks Musk to build Tesla factory in Turkey
▼ + stars: | 2023-09-17 | by ( Chandni Shah | ) www.reuters.com time to read: +1 min

Elon Musk gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsSept 17 (Reuters) - Turkish President Recep Tayyip Erdogan asked Tesla (TSLA.O) CEO Elon Musk to build a Tesla factory in Turkey, Anadolu Agency posted on social media platform X on Sunday. Erdogan asked Musk during a meeting at Turkish House, a skyscraper near the United Nations in New York, the Turkish state-owned news agency said. Musk posted on X that their talks would focus on artificial intelligence technology. Erdogan is in the U.S. to attend the 78th session of the United Nations General Assembly.

Persons: Elon, Porte, Gonzalo Fuentes, Recep Tayyip Erdogan, Tesla, Elon Musk, Erdogan, Musk, Benjamin Netanyahu, Chandni Shah, Lisa Shumaker Organizations: Viva Technology, Porte de, REUTERS, Anadolu Agency, Turkish, United Nations, United Nations General Assembly, Thomson Locations: Paris, France, Turkish, Turkey, New York, California, U.S, India, Mexico, Nuevo Leon, Washington, Bengaluru

☆ Trump’s indictments – and mug shot – are deepening his supporters’ anger and revving up their support
▼ + stars: | 2023-09-16 | by ( Kate Sullivan | ) edition.cnn.com time to read: +11 min

“And I love it because he has every right to be,” the South Dakota Republican said. “Everyone makes mistakes.”Like many other Trump supporters interviewed, Scott Akers of Alabama immediately pointed to Hunter Biden when asked about Trump’s mounting legal peril. ‘This country’s a powder keg’Intertwined with their outrage over the indictments, some Trump supporters are raising the specter of heightened political violence if Trump were to be convicted. Trump supporter Amanda Hamak-Leon and her boyfriend are seen at his Rapid City, South Dakota, rally on September 8, 2023. A vendor sells T-shirts featuring Trump's mug shot outside his Rapid City, South Dakota, rally on September 8, 2023.

Persons: Phil Jensen, Donald Trump’s, “, ” Jensen, Trump, ”, –, Corey Bonner of Texas, “ They’re, they’ve, haven’t, they’re, Carolyn McNeese, ” McNeese, Joe Biden’s, Hunter, Bobby Wilson, “ He’s, Jace Kirschenman, Corey Shawgo, Scott Akers, Hunter Biden, ” Akers, Joe Biden, Biden, David Weiss, we’ve ‘, Frank Yurisic, ” Yurisic, I’ll, Kate Sullivan, Trump’s, Jim Vanoy, Rachel Kleinfeld, Stewart Rhodes, Enrique Tarrio, Kleinfeld, Amanda Hamak, Leon, CNN Trump, Tucker Carlson, Mark Roling, ‘ I’m, ’ Trump, aren’t, Craig Shirley, Ronald Reagan, ” Shirley, “ They’ve, They’ve, ” Trump, “ I’m, I’m, ” Whit Ayres, GOP pollster, ‘, it’s, ” Ayres, Scott Olson, Go Brandon, ’ ”, Sam Smith, Smith, Let’s, Brandon, ” Hamak Organizations: CNN, South Dakota Republican, Trump, Republican Party, Alabama Republicans, Republicans, House Republicans, federal Justice Department, GOP, Trump’s Pennsylvania, Rep, Carnegie Endowment, International, Capitol, Fox News, Republican, Trump’s Rapid Locations: Rapid City , South Dakota, Atlanta, ”, Iowa , New Hampshire , Pennsylvania, Alabama, South Dakota, Texas, Pennsylvania, Erie, Trump’s, Washington, ” South Dakota, Rapid City, Manhattan, Iowa, Phoenix, Fulton

☆ Leverkusen snatch 2-2 draw at Bayern with stoppage-time penalty
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

MUNICH, Germany, Sept 15 (Reuters) - Bayer Leverkusen scored a stoppage time penalty through Exequiel Palacios to rescue a 2-2 draw at Bayern Munich on Friday and snap their winning start. The match lived up to its billing and the result left Bayern and Leverkusen level on 10 points at the top of the standings. Palacios thundered in his spot kick after Alphonso Davies had brought down Jonas Hofmann. But it was Bayern who scored with Tel weaving past the Leverkusen defence to set up Goretzka. Leverkusen, however, had the final say with Davies' sloppy defending earning them a last-gasp spot kick after a VAR review.

Persons: Exequiel Palacios, Palacios thundered, Alphonso Davies, Jonas Hofmann, Leon Goretzka, Thomas Tuchel, Tuchel, Harry Kane, Alejandro Grimaldo, Striker Victor Boniface then, Lukas Hradecky, Kane, Bayern's Sven Ulreich, Jeremie Frimpong, Florian Wirtz, Boniface, Davies, Palacios, Karolos Grohmann, Pritha Sarkar Organizations: Bayer Leverkusen, Bayern Munich, Bayern, Leverkusen, Mathys, Tel, Thomson Locations: MUNICH, Germany

☆ Strong Dollar Cuts Into Companies’ Overseas Revenue
▼ + stars: | 2023-09-14 | by ( Brenda León | Dion Rabouin | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Rugby World Cup: After triumphing with the All Blacks, Malakai Fekitoa has found a ‘new purpose’ with Tonga
▼ + stars: | 2023-09-14 | by ( George Ramsay | ) edition.cnn.com time to read: +9 min

Long before he had the chance to travel to New Zealand, Fekitoa set his sights on competing for the All Blacks – undoubtedly the most famous rugby team on the planet. “It was always a dream of mine to play for New Zealand, even though I was born and raised in Tonga,” Fekitoa tells CNN Sport. Fekitoa tries to force his way through a tackle during a Rugby Championship match between New Zealand and Argentina in 2014. The change has proved particularly beneficial for Tonga, which, as well as Fekitoa, has named former All Blacks Vaea Fifita, George Moala and Charles Piutau in its squad for the ongoing Rugby World Cup in France. After the rule change, he thinks more All Blacks players will follow his lead by swapping allegiances.

Persons: Fekitoa, ” Fekitoa, Jonah Lomu, Cameron Spencer, –, haven’t, Fifita, George Moala, Charles Piutau, Leon Lord, Adam Coleman, Israel Folau, “, ”, “ I’m, I’ve, Richard Heathcote, It’s, James Crombie, “ It’s Organizations: CNN, All Blacks, New Zealand, CNN Sport, Tonga, Wellington Sevens, Wesley College, Rugby, Blacks, Fiji, Getty, Australia, Ireland, Wasps, Gloucester, Tonga –, Rugby Championship, Nations, United Rugby, Munster, Romania, Tonga’s, Tongan, Kiwi, New Locations: Tonga, New Zealand, Australia, Auckland, Argentina, Europe, Monaco, France, AFP, New, England, Ireland, Italy, South Africa, Scotland, Samoa

CNN —Guatemalan President-elect Bernardo Arévalo de León has announced he is temporarily suspending the presidential transition process after Public Ministry agents raided electoral facilities and opened voting boxes. The president-elect denounced the raids, during which Public Ministry agents opened ballot boxes and photographed their contents, according to the Supreme Electoral Tribunal. The Public Ministry is investigating allegations that Movimiento Semilla – Arévalo’s Party – used forged signatures when it was seeking authorization as a political party. Giammattei said the presidency is willing to resume the transition process and described Arévalo’s decision to suspend it as “unilateral.”The Supreme Electoral Tribunal of Guatemala (TSE) held its own press conference to denounce the latest actions of the Public Ministry. Irma Palencia, the TSE’s president, said those actions had put the Guatemalan electoral system and democracy “at risk” and had violated the “civic rights of citizens expressed at the polls.”

Persons: Bernardo Arévalo de León, Alejandro, Giammattei, ” Arévalo, Arévalo, –, Consuelo Porras, “, ”, Irma Palencia Organizations: CNN, Guatemalan, Public Ministry, Ministry, Movimiento, –, Organization of American Locations: Guatemala, Republic of Guatemala

☆ Britain see off Australia, Spain and Italy lose in Davis Cup
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

MANCHESTER, Sept 13 (Reuters) - Britain battled to victory over last year's Davis Cup runners-up Australia in their Finals group stage opener on Wednesday, while Spain and Italy both suffered chastening defeats at home in the premier men's team competition. "It's amazing to play my first Davis Cup tie in the UK in this sort of arena. In Valencia, the Czech Republic took an unassailable 2-0 lead over hosts Spain, who were missing Carlos Alcaraz after the world number two decided to pull out of the squad to recover following his U.S. Open semi-final defeat. Italy also endured a disappointing day in front of home fans in Bologna, as defending champions Canada secured a comfortable Group A victory in a re-match of last year's semi-final. Italy are without Jannik Sinner and Matteo Berrettini this week but still have three top-50 singles players in the squad.

Persons: year's, chastening, Jack Draper, Leon Smith's, Thanasi, Draper, Leon, Dan Evans, Alex de Minaur, Carlos Alcaraz, Tomas Machac, Bernabe Zapata Miralles, Jiri Lehecka, Alejandro Davidovich Fokina, Alexis Galarneau, Lorenzo Sonego, Gabriel Diallo, Lorenzo Musetti, Denis Shapovalov, Felix Auger, Milos Raonic, Matteo Berrettini, Mackenzie McDonald, Dino Prizmic, Gojo, Frances Tiafoe, Austin Krajicek, Rajeev Ram, Ivan Dodig, Pavic, Shrivathsa Sridhar, Toby Davis Organizations: MANCHESTER, Britain, Manchester, Davis, U.S, Serbia, Canada, Croatia, Thomson Locations: Australia, Spain, Italy, Britain, Valencia, Czech Republic, Malaga, Bologna, Canada, United States, U.S, Bengaluru

☆ Tesla, suppliers to invest $15 bln in Mexico factory - local governor
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Angelika Warmuth/File Photo Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - A state governor in Mexico said on Monday that Tesla (TSLA.O) and its suppliers would invest $15 billion over the next two years in a factory that is still under construction, an amount that is triple what Mexican officials previously announced. In March, Tesla CEO Elon Musk said his company would open a gigafactory in northern Nuevo Leon state, part of the electric carmaker's push to expand its global footprint. At the time, Musk did not detail Tesla's investment, but Mexican officials said the factory would involve a $5 billion investment. Speaking at an event, Nuevo Leon Governor Samuel Garcia said the facility will now involve thrice that amount. Neither Tesla's press office nor Nuevo Leon officials responded after hours to a request for comment on the governor's comments.

Persons: Angelika Warmuth, Tesla, Elon Musk, Musk, Samuel Garcia, Nuevo Leon, Carolina Pulice, Beth Soloman, David Alire Garcia, Miral Organizations: REUTERS, Tesla, Nuevo Leon, Nuevo, BMW, General Motors, Ford, Reuters, Thomson Locations: Munich, Germany, MEXICO, Mexico, Nuevo Leon

☆ Janet Yellen says she's 'feeling very good' about a soft landing, joining Paul Krugman and Larry Summers in cheering on the US economy
▼ + stars: | 2023-09-12 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Treasury Secretary Janet Yellen says she's "feeling very good" about chances of a US soft landing. "I think you'd have to say we're on a path that looks exactly like that," she said, per Bloomberg. Yellen joins Paul Krugman and Larry Summers in suggesting the US will avoid a recession. "I am feeling very good about that prediction," Yellen said on her way home from the G20 summit held in New Delhi, per Bloomberg. "I think you'd have to say we're on a path that looks exactly like that," she said, referring to hopes of a soft landing.

Persons: Janet Yellen, Yellen, Paul Krugman, Larry Summers, It's, Paul Krugman —, —, David Rosenberg, Leon Cooperman, Jeremy Grantham Organizations: Bloomberg, Service, Federal Reserve Locations: Wall, Silicon, New Delhi

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Hostess Brands Inc. shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucker Co. stock for each share of stock that they own. The rest, including Twinkies and other Hostess cakes, was acquired by Metropoulos & Co. and Apollo, for $410 million. Smucker Co. and Hostess have both approved the deal, which is expected to close in Smucker's fiscal third quarter.

Persons: Andy Callahan, Twinkies, Hostess, XX, Wonder, Leon Black, Carl’s, Chef Boyardee, Bee, Morgan Stanley's Pam Kaufman Organizations: Hostess Brands Inc, Associated Press, Flowers Foods, McKee Foods, Metropoulos, Apollo Global Management, Pabst Brewing Co, Hostess Locations: Smucker, America, , Kansas

Leon Neal/AFP/Getty Images2008: iPhone 3G, meet the App StoreWith the second version of the iPhone, Apple introduces the App Store and 3G connectivity. Stephen Lam/Reuters2016: iPhone SE, a budget optionTaking a step back, the iPhone SE is a cheaper, smaller device than the 6S, giving customers a chance to enjoy Apple’s phones at a much lower cost. People handle the new Apple iPhone XS and iPhone XS Max during a media tour at an Apple office in Shanghai, China, on September 21, 2018. Brendon Thorne/Bloomberg/Getty Images2020: iPhone 12 Mini, small but mightyThe iPhone 12 mini is smaller than the usual iPhone but packs a powerful punch. Mike Segar/Reuters2021: iPhone 13 Series, same price for more spaceThe iPhone 13 stays at the same price as the iPhone 12 with double the storage space, as well as featuring a much smaller top notch.

Persons: Steve Jobs, John Green, ” Jobs, Leon Neal, Justin Sullivan, Siri, FaceTime, “, ”, Jobs, Michael Nagle, Apple, Seth K, Hughes, Akio Kon, David Gray, Tim Cook, Josh Edelson, Stephen Lam, David Paul Morris, Phil Schiller, Aly Song, Max, Jason Lee, Pro Max, Phil Barker, Brendon Thorne, Mike Segar, Gabby Jones, Andrew Kelly Organizations: New, New York CNN, Apple, Macworld, Bay Area, Getty, Lightning, Bloomberg, Apple Inc, Worldwide, Steve Jobs, Steve, Pro, Future Publishing Locations: New York, San Francisco, London, AFP, San Francisco , California, New York City, Cupertino , California, Ginza, Tokyo, Japan, Sydney, Shanghai, China, Beijing, Australia, Manhattan , New York

☆ Cramer: These things could soon break the bulls' way, plus 4 stocks to buy
▼ + stars: | 2023-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

If you don’t know a soul that is bullish — and I mean flat-out positive — you may need some new friends. I say I am a naked opportunist and I feel naked and alone right now in saying we might have a bunch of things that could break the bulls' way. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: —, We’ve, sotto, Shawn Fain, Leon Trotsky, Fain, Lululemon, LULU, Robert Bradway, Amgen, Lina Khan, Khan, Trump, Estee Lauder, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Federal Reserve, Softbank's Arm Holdings, United Auto Workers, UAW, Federal Trade, Activision Blizzard, Horizon Therapeutics, FTC, Apple, GE HealthCare, Disney, Bausch Health, Honeywell, Jim Cramer's Charitable, CNBC, NYSE Locations: Russian, U.S, Wells

☆ Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman's new memoir
▼ + stars: | 2023-09-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and Henry Singleton. When Cooperman was mulling a presidential run, Buffett joked he could "deliver Nebraska" for him. Cooperman shared a trio of messages he received from Buffett in his newly published memoir. Buffett wrote him a note after reading the letter, which Cooperman still keeps framed in his office:Dear Lee,I always enjoy both the quality of your writing and the quality of your thinking. Buffett wrote to Cooperman after his speech to express his agreement:AdvertisementAdvertisementHenry was a manager that all investors, CEOs, would be CEOs, and MBA students should study.

Persons: Warren Buffett, Leon Cooperman, Henry Singleton, Cooperman, Buffett, Goldman Sachs, trumpeted, Dear Lee, Warren, Singleton, Henry, Lee, you've Organizations: Service, Teledyne, Cooperman, Wall, Finance, Philanthropy, Omega Advisors, Business, Loews, Berkshire Locations: Nebraska, Wall, Silicon, Bronx, Iraq, Afghanistan

They claim the Florida Constitution's privacy clause for more than 40 years has explicitly protected a right to abortion in the state. Florida officials contend the Supreme Court has in the past erroneously concluded the privacy clause covers abortion rights when it was actually intended more as a guard for “informational privacy, like the disclosure of private facts." The six-week ban DeSantis signed into law earlier this year would take effect 30 days after a Supreme Court decision to affirm the current ban. The privacy clause was put into the Florida Constitution by a voter referendum in 1980 and later affirmed as including abortion rights by the state Supreme Court. An appeals court overturned the injunction, bringing the case before the state Supreme Court.

Persons: Ron DeSantis, DeSantis, —, Dobbs, Roe, Wade, ”, Jennifer Canady, Charles Canady Organizations: Republican Gov, GOP, Planned, American Civil Liberties Union, Voters, Supreme, Republican, American College of Obstetricians, American Medical Association Locations: Florida, Tallahassee, “, U.S, Leon

☆ CNBC Daily Open: Markets can’t catch a break from rate fears
▼ + stars: | 2023-09-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The donations were meant 'to weed out anti crypto dems for pro crypto dems and anti crypto repubs for pro crypto repubs," Salame said in a private message, according to a court document. It's the first time a Chinese president has missed the summit, a sign of how geopolitics have shifted. But Leon Cooperman, the chair and CEO of the Omega Family Office, told CNBC he doesn't think markets will hit a new high for a long time.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber, Instacart, Goldman, Solomon, FTX's Salame, Ryan Salame, Salame, Joe Biden, Xi Jinping, Vladimir Putin, Leon Cooperman Organizations: CNBC, Nasdaq, ifo Institute, Alameda Research, Omega Locations: Germany, Alameda, India

☆ Brent falls below $90/bbl, pausing rally, on weaker demand outlook
▼ + stars: | 2023-09-07 | by ( Erwin Seba | ) www.reuters.com time to read: +3 min

Brent crude futures settled 68 cents, or 0.8%, lower at $89.92 a barrel, after trading between $89.46 and $90.89. U.S. West Texas Intermediate crude (WTI) futures finished down 67 cents, or 0.8%, at $86.67 a barrel, after trading between $86.39 and $87.74. Thursday's fall came after nine straight sessions of gains in WTI and seven straight gains in Brent. But crude imports surged 30.9%. "The wind has been taken out of the bulls' sail overnight by rising Chinese product exports last month, albeit crude oil imports rose," PVM Oil analyst Tamas Varga said.

Persons: Agustin Marcarian, Thursday's, Prices, Dennis Kissler, John Kilduff, Tamas Varga, Leon Li, Erwin Seba, Arathy Somasekhar, Ahmad Ghaddar, Trixie Yap, Marguerita Choy, Frances Kerry, Nick Macfie Organizations: REUTERS, HOUSTON, Brent, . West Texas, U.S, BOK, Again, Markets, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Iran, Venezuela, WTI, Brent, Saudi Arabia, Russia, China, Saudi, U.S, Shanghai, Houston, London, Singapore

☆ Oil slips on weak China outlook despite US stock drawdown
▼ + stars: | 2023-09-07 | by ( Erwin Seba | ) www.reuters.com time to read: +2 min

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. Prices had spiked earlier in the week after Saudi Arabia and Russia, the world's top two oil exporters, extended voluntary supply cuts to the year-end. These were on top of the April cuts agreed by several OPEC+ producers running to the end of 2024. But crude imports surged 30.9%. "The wind has been taken out of the bulls' sail overnight by rising Chinese product exports last month albeit crude oil imports rose," PVM Oil analyst Tamas Varga said.

Persons: Agustin Marcarian, we've, Jim Ritterbusch, Tamas Varga, Leon Li, Ahmad Ghaddar, Trixie Yap, Marguerita Choy, Frances Kerry Organizations: REUTERS, Brent, U.S, West Texas, Energy, Ritterbusch, Markets, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Iran, Venezuela, HOUSTON, China, Saudi Arabia, Russia, Saudi, Shanghai, London, Singapore

☆ Oil falls as concerns about China outweigh extended cuts
▼ + stars: | 2023-09-07 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +2 min

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. Both benchmarks had spiked earlier in the week after Saudi Arabia and Russia, the world's top two oil exporters, extended voluntary supply cuts to the year-end. But crude imports surged 30.9%. "The wind has been taken out of the bulls' sail overnight by rising Chinese product exports last month albeit crude oil imports rose," PVM Oil analyst Tamas Varga said. Concerns about rising oil output from Iran and Venezuela, which could balance out a portion on cuts from Saudi and Russia, kept a lid on the market as well.

Persons: Agustin Marcarian, Brent, Tamas Varga, Leon Li, Trixie Yap, Jason Neely Organizations: REUTERS, U.S, West Texas, Markets, American Petroleum Institute, U.S . Energy, Administration, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, China, Saudi Arabia, Russia, Iran, Venezuela, Saudi, Shanghai, Singapore

☆ Oil falls on concerns about China, winter demand
▼ + stars: | 2023-09-07 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +3 min

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. Brent crude futures fell 36 cents to $90.24 a barrel by 0645 GMT, after a nine-session winning streak. U.S. West Texas Intermediate crude (WTI) futures fell 37 cents to $87.17 a barrel after seven sessions of gains. Concerns about rising oil output from Iran and Venezuela, which could balance out a portion on cuts from Saudi and Russia, kept a lid on the market as well. Helping support prices, U.S. crude oil inventories were projected to have fallen by 5.5 million barrels in the week ending Sept. 1, according to market sources citing American Petroleum Institute figures.

Persons: Agustin Marcarian, Brent, Leon Li, Li, Trixie Yap, Stephanie Kelly, Jacqueline Wong, Muralikumar Anantharaman, Edwina Gibbs Organizations: REUTERS, . West Texas, Markets, U.S, American Petroleum Institute, U.S . Energy, Administration, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, SINGAPORE, China, Saudi Arabia, Russia, Shanghai, Iran, Venezuela, Saudi, OPEC, Caracas, Singapore, New York

☆ Billionaire investor Leon Cooperman sees a recession and doesn't expect a new high in stocks for a long time
▼ + stars: | 2023-09-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

There's no indication that interest rates are too high, Leon Cooperman told CNBC. The billionaire investor also sees a return to this year's stock market highs as unlikely. "What's the sign that interest rates are too high?" "I don't expect we will see a new high in the market for a long time. "In 2000, everybody was hot on the internet: Cisco, Cisco, Cisco.

Persons: Leon Cooperman, Cooperman, We've Organizations: CNBC, Service, Omega Advisors, Federal Reserve, Nvidia, Cisco Locations: Wall, Silicon, Georgia

MEXICO CITY (AP) — A Mexican Supreme Court ruling that invalidated all federal criminal penalties for abortion continued a regional trend of widening access to the procedure, but left in place a patchwork of varying state restrictions. Political Cartoons on World Leaders View All 226 ImagesPolitical Cartoons View All 1146 ImagesSome 20 Mexican states, however, still criminalize abortion. Those laws were not affected by the Supreme Court ruling, but abortion rights advocates will likely ask state judges to follow its logic. Abortion-rights activists will have to continue seeking legalization state by state, though Wednesday's decision should make that easier. Some American women were already seeking help from Mexican abortion rights activists to obtain pills used to end pregnancies.

Persons: Sen, Olga Sánchez Cordero, Irma Barrientos, We’re, ” Barrientos, “, we’re, Fernanda Díaz de, de León, Díaz de León, León, Roe, Wade, Marina Reyna, ”, Geoff Mulvihill Organizations: MEXICO CITY, Court, Group, National Institute for Women, Twitter, Civil Association for, U.S, Supreme, Observers, Guerrero, Women, Associated Locations: MEXICO, “, United States, Mexico, Aguascalientes, America, Mexico City, Argentina, Colombia, Guerrero, Cherry Hill , New Jersey

☆ Here are Leon Cooperman's stock picks for playing higher oil prices
▼ + stars: | 2023-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

An example of a company in Cooperman's portfolio that is benefiting from higher oil prices is Paramount Resources , which primarily trades in Canada. Omega also owns stock in several U.S. energy companies, including Energy Transfer . The stock has outperformed the energy sector year to date and has a dividend yield of 9.2%. ET YTD mountain Energy Transfer has outperformed the energy sector this year. The stock has fallen about 8.5% this year but sports a dividend yield above 5%.

Persons: Leon Cooperman, Cooperman, Goldman Sachs Organizations: Omega Family, Texas, Omega, Paramount Resources, Energy, DTE Energy, Microsoft, Apollo, Citigroup, Cigna, Fidelis Insurance Locations: U.S, Canada

☆ Billionaire investor Leon Cooperman: Interest rates aren't too high
▼ + stars: | 2023-09-07 | 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 EmailBillionaire investor Leon Cooperman: Interest rates aren't too highLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the S&P's performance in the last year, his thoughts on an upcoming recession, and how the major averages perform in the year's second half.

Persons: Leon Cooperman Organizations: Billionaire, Omega Family

☆ Leon Cooperman says the stock market won't have a new high for a long time
▼ + stars: | 2023-09-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said Thursday the stock market could be stagnant for an extended period of time, adding that he's standing by his recession call. "I don't expect we see a new high in the market for a long time," Cooperman said on CNBC's "Squawk Box." "I think we're going to wind up with a recession, but it's not here, not now," Cooperman said. The S & P 500 has rallied more than 16% this year, powered by Big Tech and stocks tied to artificial intelligence. "I think the strength of the market was very much tied to positioning.

Persons: Leon Cooperman, Cooperman, We've, it's Organizations: Omega, Big Tech Locations: U.S

☆ Oil gains on supply woes after OPEC+ output cuts
▼ + stars: | 2023-09-06 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com time to read: +3 min

Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected. "These bullish moves significantly tighten the global oil market and can only result in one thing: higher oil prices worldwide," Jorge Leon, senior vice president at consultancy Rystad Energy, said in a note. The Saudi and Russian voluntary cuts are on top of the April cut agreed by several OPEC+ producers, which extends to the end of 2024. "The decision to prolong output cuts underscores their dedication to price stability in a challenging market environment," Sugandha Sachdeva, executive director and chief strategist at Acme Investment Advisors, said. Sachdeva, however, added that the annual refinery maintenance period in the U.S. from September to October could limit demand for crude and potentially act as a restraining factor on rising oil prices.

Persons: Jorge Leon, Leon, Alexander Novak, Novak, Sachdeva, Mohi Narayan, Arathy Somasekhar, Christopher Cushing, Stephen Coates Organizations: REUTERS, Brent, . West Texas, Rystad Energy, Saudi, Acme Investment Advisors, Thomson Locations: Volgograd, Russia, DELHI, Saudi Arabia, West, U.S, New Delhi, Houston

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