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Following Tuesday's trade, Jim Cramer's Charitable Trust will own 525 shares of EMR, decreasing its weighting in the portfolio to 1.61% form 1.84%. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Tuesday's outsized, Emerson, we'll, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson Electric, Treasury, Federal, National, CNBC, Emerson Locations: Marshalltown , Iowa

☆ UniCredit CEO Orcel's 'bank of Europe' ambition tough to realise
▼ + stars: | 2023-11-14 | by ( Valentina Za | ) www.reuters.com time to read: +6 min

However, his aspirations to make UniCredit the "bank of Europe" are proving trickier to realise with the CEO setting a high bar for mergers and acquisitions in the euro zone's fractured capital markets, despite having what he describes as the biggest war chest among European lenders. UniCredit bought Greece's 9% stake in Alpha Bank (ACBr.AT) and struck a commercial partnership with the Athens-based lender, also acquiring most of its Romanian operations. The CEO works closely with a small M&A team he set up within UniCredit which constantly reviews potential deals in the markets and businesses where the bank operates, people with knowledge of the matter said. But uneven regulation across the euro zone, where progress towards a single banking market has stalled, complicates cross-border deals. Calling on Europe to follow his lead, Orcel says he has unlocked UniCredit's potential by giving it a unified strategy across its 13 markets.

Persons: Andrea Orcel, Merrill Lynch, Orcel, He's, Cole Smead, ALPHA Orcel, Siena, UniCredit, Smead, Jean, Pierre Mustier's, Mustier, it's, Carlo Franchini, Danilo Masoni, Kirsten Donovan Organizations: Discount, MILAN, UBS, Smead Capital Management, Fund, ALPHA, Banco, Alpha Bank, Alpha, Banca Ifigest, Thomson Locations: buybacks, Europe, Arizona, Ukraine, Athens, HVB, Berlin, Milan

The strength in iron ore is being driven by renewed optimism that China's vast property sector is emerging from the gloom of recent months. However, there are some fundamental reasons supporting iron ore, chief among them the low port inventories. Stockpiles at China's ports rose to 108.8 million metric tons in the week to Nov. 10, according to data from consultants SteelHome. This was up a modest 3.9 million metric tons from the previous week's 104.9 million, which was the lowest since October 2016. Stockpiles were 136 million metric tons in the same week in 2022 and 147.6 million in 2021, according to SteelHome data.

Persons: Ping, SteelHome, haven't, Miral Organizations: Dalian, Ping An Insurance, HK, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Singapore, Beijing

☆ A massive market divergence could signal trouble ahead for stocks, BTIG says
▼ + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

A pullback for stocks could be on the horizon after a unique technical signal was flashed, BTIG said. The Russell 2000 ended last week down 3.2%, while the Nasdaq 100 gained 2.9%. BTIG chief market technician Jonathan Krinsky pointed out there have been just seven other occasions since 1985 that such a divergence has been seen. Eight weeks following this signal flashing, the Nasdaq 100 and Russell 2000 have lost 4.1% and 6.7%, respectively, on a median basis. To be sure, it was last seen on May 2 — and the Nasdaq 100 and Russell 2000 were up 13.9% and 8.6%, respectively, eight weeks after.

Persons: BTIG, Russell, Jonathan Krinsky, Krinsky, —, — CNBC's Michael Bloom Organizations: Nasdaq, American Association of, Bears, Wall

The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. We want reform so that we don't end up in the same mess again as we had with Credit Suisse." Earlier this year, Switzerland's financial regulator deflected blame for the collapse of the country's second-biggest bank saying it had been quick to respond, calling instead for more powers to take lenders to task. The regulator, however, has enjoyed little support among Swiss politicians, many of whom long sought to keep it weak. In the run up to the collapse of Credit Suisse, FINMA saw a string of key departures.

Persons: Ruben Sprich, Eva Herzog, Herzog, FINMA, Noele Illien, Sharon Singleton Organizations: Swiss Financial Market, Authority, REUTERS, UBS Group, Credit Suisse, Swiss, UBS, International Monetary Fund, Thomson Locations: Bern, Switzerland, Europe, Swiss

Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.

Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's

☆ Jezebel shutting down per G/O Media CEO
▼ + stars: | 2023-11-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —Jezebel, the punchy feminist blog with an outsized influence on internet culture, will suspend operations and lay off its staff effective immediately, its parent company G/O Media said Thursday as it announced broader restructuring in its portfolio of digital news outlets. “We have been operating over the last few quarters with an eye towards efficiency and being budget conscious. The cuts come as the broader media industry continues to struggle with a weak advertising climate. And across the media landscape, cost cutting and layoffs have been rampant over the past year. “Just about every company in our space has found themselves in similar circumstances,” Spanfeller said.

Persons: Jim Spanfeller, Jez, ”, ” Spanfeller, “ Organizations: CNN, O Media

☆ China slips back into deflation in October after pork prices plunged
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy. As China’s most consumed meat, pork has an outsized weighting in the consumer price index. He said deflation was a “pernicious” situation characterized by a decline in consumer prices as well as the prices of assets and wages, leading to a sharp slowdown in economic activity. But consumer prices recovered in August. This drop “reflects uncertainty around the solidity of China’s recovery,” HSBC Greater China economist Erin Xin noted in a report.

Persons: Goldman Sachs, Robert Carnell, ”, Erin Xin Organizations: Hong Kong CNN —, National Bureau of Statistics, Economics, Asia Pacific, ING, ” HSBC Locations: China, Hong Kong

☆ Extraordinary photos reveal the secret kingdom of the soil
▼ + stars: | 2023-11-08 | by ( Nell Lewis | ) edition.cnn.com time to read: +7 min

It’s a scene most of us might associate with an open savannah in a nature documentary, but photographer Andy Murray is watching the drama unfold from his back garden in Somerset, UK. To Murray, these microscopic soil animals are as fascinating as the lions and zebras you might see on safari – just far more accessible, if you know where to look. “They live in this tiny world; it works like our world, it’s just on a really small scale,” he tells CNN. Andy MurrayYet despite this wealth of life, the creatures living in the soil beneath our feet are relatively unknown. “He captures moments of soil life doing interesting and cool things,” says Anthony, such as laying eggs in a place where we would never expect.

Persons: Andy Murray, He’s, Murray, ”, “, Mark Anthony, Anthony, they’ve, it’s Organizations: CNN, United Nations, Food, Agricultural Organization, Swiss Federal Research Institute for Forest, Research Locations: Somerset, Mexico City, Europe, Australia, New Zealand, Tasmania

☆ Beijing is ready to improve ties with US, says Chinese vice-president
▼ + stars: | 2023-11-08 | by ( Manav Tanneeru | Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Beijing is ready to improve ties with Washington, a senior Chinese official said Wednesday, days before a highly anticipated potential meeting between leaders Xi Jinping and Joe Biden in San Francisco. Ahead of that potential meeting, US Treasury Secretary Janet Yellen has invited Chinese Vice Premier He Lifeng, known as the country’s “economic tsar,” for a two-day meeting starting Thursday. Washington has sent four cabinet officials to Beijing since June, including Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, Climate Envoy John Kerry and Commerce Secretary Gina Raimondo. “The foundation of Sino-US relations lies in the people, and the source of strength lies in people-to-people friendship,” Xi added. Biden and Xi last met face-to-face in November 2022 for a three-hour talk in Bali, Indonesia, at a G20 summit.

Persons: Xi Jinping, Joe Biden, ”, Han Zheng, ” Han, Biden, Xi, Janet Yellen, Antony Blinken, John Kerry, Gina Raimondo, Wang Yi, Jake Sullivan, Xi Han’s, ” Xi, Yellen Organizations: Hong Kong CNN —, Washington, Bloomberg, Economy, Economic Cooperation, US National, Getty, Sister Cities Conference, Relations, China, Treasury Department Locations: China, Hong Kong, Hong Kong CNN — Beijing, San Francisco, Singapore, United States, Asia, . Washington, Beijing, Washington, Bali , Indonesia, Ukraine, Israel

☆ Altimeter's Gerstner says he's taken down exposure, but still bullish on American companies
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Altimeter Capital Chair and CEO Brad Gerstner said Wednesday that he has reduced exposure on the stock market after this year's rally, but he remains bullish on American companies. "We've taken some risk off the table as prices have gone up, but we're still leaning forward and still bullish on America," Gerstner said on CNBC's " Squawk Box ." The tech investor revealed that his net exposure today is 60%, down from 93% at the beginning of the year. However, as for buying opportunities in technology names, Gerstner cautioned that not all tech is created equal. The widely followed investor listed Upstart as one of the companies that enjoyed outsized boost from the pandemic.

Persons: Brad Gerstner, We've, Gerstner, haven't, Robinhood Organizations: Nasdaq Locations: America, Ukraine, Israel

☆ It's starting to look like majoring in computer science isn't the road to the promised land of money and job security after all
▼ + stars: | 2023-11-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Many computer science majors say job hunting has become tougher after layoffs hit the industry. Ben Leong, a Singaporean computer science professor, said getting a job was never easy. He told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. Wong told Insider last month that he's applied to 17 jobs and has heard back from five companies. AdvertisementAdvertisementBryan Ho, a 23-year-old junior studying computer science at the National University of Singapore, told Insider he's applied for roughly 100 internships.

Persons: Ben Leong, —, Joel Wong, Wong, Bryan Ho, he's, Ho, Ethan Ang, Ang, sprees, That's, Leong, Aline Lerner, Insider's Kali Hays, NodeFlair's Ang Organizations: Service, National University of Singapore, Tech, Facebook, Google, Big Tech, MIT Locations: Singapore, Asia, The Singapore, Southeast Asia

"This was an outstanding quarter ... this big blowout number," Waller told an economic data seminar at the St. Louis Fed. So this is something we are keeping a very close eye on when we think about policy going forward." It's clearly calming down," with recent employment gains more in line with the levels seen before the coronavirus pandemic, Waller said. The Fed is in the process of weighing that and other data to determine whether to hike the benchmark policy rate again. However neither Goolsbee nor Minneapolis Fed President Neel Kashkari, who spoke to Bloomberg Television on Tuesday, ruled out further Fed rate increases.

Persons: Christopher Waller, Waller, Louis Fed, Michelle Bowman, Bowman, Lisa Cook, Austan Goolsbee, Goolsbee, Neel Kashkari, Kashkari, Howard Schneider, Lindsay Dunsmuir, Michael Derby, Ann Saphir, Paul Simao, Andrea Ricci Organizations: Federal Reserve, St, Ohio Bankers League, Fed, New York Fed, Atlanta, CNBC, Chicago Fed, Minneapolis, Bloomberg Television, Thomson Locations: U.S

☆ Here's how much WeWork co-founder Adam Neumann made before the company's bankruptcy
▼ + stars: | 2023-11-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

WeWork's dizzying rise and protracted fall into Chapter 11 bankruptcy protection Monday largely hinged on one man: Adam Neumann. By the time it filed for bankruptcy protection, WeWork was worth a mere $45 million. "As the co-founder of WeWork who spent a decade building the business with an amazing team of mission-driven people, the company's anticipated bankruptcy filing is disappointing," Neumann said in a statement to CNBC. In all, despite being removed from a management role years earlier, Neumann reportedly collected around $770 million in cash from the 2021 SPAC process alone. Neumann also still retained a stake in the company valued at around $722 million when WeWork debuted in 2021, Bloomberg reported.

Persons: Adam Neumann, WeWork, Neumann, who'd, outsized, SoftBank, it's, Andreesen Horowitz, there's Organizations: CNBC, Bloomberg Locations: WeWork, U.S

☆ Goldman double upgrades this under-the-radar cloud stock with nearly 40% upside
▼ + stars: | 2023-11-07 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Cloud computing platform DigitalOcean is at an attractive entry point, according to Goldman Sachs. Analyst Gabriela Borges upgraded DigitalOcean to buy from sell and maintained her price target of $33, which implies the stock could jump 38.4% over the next 12 months. Borges cited the stock's significant underperformance — DigitalOcean is up nearly 6% this year, while the Nasdaq Composite has gained 30% — as an opportunity for investors. The underperformance has likely been driven by a cyclical normalization in cloud optimization spending, according to Borges. Borges noted overhang from DigitalOcean's ongoing search for a new CEO since late August.

Persons: Goldman Sachs, Gabriela Borges, DigitalOcean, Borges, DigitalOcean's, — CNBC's Michael Bloom Organizations: Nasdaq

☆ What the Biden campaign is watching for this Election Day
▼ + stars: | 2023-11-07 | by ( Mj Lee | Kevin Liptak | ) edition.cnn.com time to read: +6 min

Yet some of the very issues Biden’s campaign believe will define next year’s contest – including abortion rights and the economy – are being weighed both directly and indirectly. In Virginia, where all 140 seats in the General Assembly are on the ballot, Biden’s team is watching closely to see how successful Republican Gov. In Ohio, voters will decide on an amendment that would enshrine abortion rights in the state’s constitution. Biden’s team is watching both closely to see how much abortion is still a motivating message heading into 2024. Vice President Kamala Harris has been a key spokesperson for the Biden White House on the issue of abortion rights.

Persons: Joe Biden, Biden, Glenn Youngkin, Donald Trump, Kamala Harris, Youngkin, ”, Joe Madison, Harris, he’s, –, Andy Beshear, Biden’s, Beshear, “, CNN’s Betsy Klein Organizations: Washington CNN, Democratic, Gov, Biden White, Sirius XM, Trump Locations: Virginia, Stafford, Fredericksburg, Ohio, “ Virginia, Minnesota, Delaware, Kentucky

☆ Elon Musk laid him off. Now he’s aiming to build a social network that’s better than X
▼ + stars: | 2023-11-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +17 min

They wanted it to be everything most social media struggles to be: positive, safe and inclusive. And as the user base of the platform now known as X splinters, so does Black Twitter, the community of Black users that was a big part of Twitter’s growth and culture. Legacy social media platforms have repeatedly failed to anticipate how their products might be manipulated or misused until something goes wrong. Alphonzo Terrell, co-founder of the social media app Spill, demonstrates how the platform works during an interview with CNN. CNNEven with AI content moderation models, other social media companies often fail to catch harmful content that makes it onto their platforms.

Persons: Alphonzo Terrell, he’d, Terrell – who’d, –, Elon Musk, Terrell, DeVaris Brown, “, ‘, ’ ” Terrell, who’s, Brown, Musk, ”, Maya Umemoto Gorman, …, ” Terrell, Brown —, Kenya Parham, weren’t, Elon, Maya Iman ‘, they’ve, “ That’s, Alphonzo Terrell “, Paul Barrett, they’d, it’s, — don’t, Jalaiah Harmon, Taylor Lorenz, Latoya Lee, ” Lee Organizations: New, New York CNN, Twitter, Elon, CNN, Spill, Washington Post, HBO, Showtime, YouTube, Intel, Cisco, Microsoft, NYU Stern Center for Business, Human, Apple, Kapor Center, Social, Mac Venture, Netflix, Disney, Amazon Prime, VH1, Pew Research Center, New York Times, California State University Fullerton Locations: New York, Los Angeles, Kenya, Spill, Georgia

☆ Takeaways from Election Day 2023 in America
▼ + stars: | 2023-11-07 | by ( Gregory Krieg | ) edition.cnn.com time to read: +9 min

Here are the key election night takeaways on a strong night for Democrats:As Ohio goes, so goes the nation? Tuesday night’s election results probably won’t change the equation for Biden in 2024, given Ohio’s recent presidential electoral history. Other state Republican parties might not be so lucky. Andy Beshear won a second term on Tuesday in a state that Trump carried by more than 25 points in 2020. Endorsed by Trump but often described as McConnell’s protégé, Daniel Cameron’s defeat will stir a lot of finger-pointing within the Republican Party.

Persons: Glenn Youngkin, Donald Trump, Mitch McConnell, Joe Biden, Biden, Sen, Sherrod Brown, “, Barrett Marson, Glenn Younkin, Roe, Wade, Youngkin, Youngkin’s, Andy Beshear, Trump, protégé, Daniel Cameron’s, Chris Christie, ” Christie, “ Trump, ” Trump, Beshear, Cameron, it’s, Ron DeSantis, Nikki Haley, Donald Trump’s, we’ve, ” Biden, Julie Chavez Rodriguez, Gabe Amo, Rhode, Gabe, ”, councilmember Cherelle Parker, She’ll, – Organizations: CNN, Gov, Virginia Republican, GOP, Democratic, Republican, Democrats, Trump, Ohio Democrat, Buckeye, Ohio Republicans, ”, ” Arizona Republican, “, Virginia, Republican Party, Former New Jersey Gov, Republicans, Florida Gov, South Carolina Gov, The New York Times, Siena College, Kentucky, today’s Republican Party, Philadelphia Government, Democratic Caucus, Representatives, Democratic Congressional Locations: Commonwealth, Ohio, Kentucky, Virginia, Arizona, ” Arizona, Pennsylvania, Iowa, Florida, Colorado, Trump, Rhode Island, Congress, Rhode, Philadelphia

☆ Birkenstock gets Wall Street's top rating on capacity boost, expansion
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Nov 6 (Reuters) - Wall Street brokerages largely initiated Birkenstock (BIRK.N) with their top ratings, pointing to a likely boost from the German luxury sandal maker's recent investments to increase capacity, expansion into newer styles and brand loyalty. Birkenstock's shares dropped to as low as $35.83 in the days after listing on Oct. 11 and has traded below the IPO price of $46 apiece. Citigroup was among the most bullish, with a price target of $52, a more than 26% jump from the last close. Telsey Advisory Group analysts said Birkenstock has further avenue to expand into footwear categories such as orthopedics and professional, outdoor and active, kids, home, and sneakers. Morgan Stanley assigned a price target of $41 and an "equal-weight" rating, saying most catalysts were already priced in.

Persons: Birkenstock's, Morgan, Goldman Sachs, Jefferies, Birkenstock, Bernard Arnault, Lorraine Hutchinson, Morgan Stanley, Hogan, Riley, Reshma Rockie George, Susan Mathew, Savyata Mishra, Amruta Khandekar, Maju Samuel, Sriraj Organizations: Arm Holdings, Citigroup, Telsey Advisory, U.S ., Global, Thomson Locations: U.S, French, Bengaluru

☆ Moms and remote jobs are helping to prop up the economy
▼ + stars: | 2023-11-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

More remote work opportunities are credited for helping women with young children get jobs. AdvertisementAdvertisementAdditionally, the Wells Fargo economists also identified women with young children as a new strength for the job market. This surge in employment, particularly among mothers with young children, has played a significant role in boosting the economy. To be sure, this level of workforce participation could drop in the coming months as childcare opportunities become harder to find. Drew Angerer/Getty ImagesThe robust labor market has helped boost the economy despite inflation still above the Federal Reserve's 2.0% target.

Persons: —, Wells Fargo, Jobs, Janet Yellen, Drew Angerer, Daniel Greenhaus, Greenhaus, Paul McCulley, McCulley Organizations: Service, Wells, Brookings, US, U.S . Treasury, Federal, payrolls, Bloomberg, Georgetown's School of Business Locations: Wells, Wells Fargo, U.S

☆ Drugstore closures could make pharmacy deserts even worse
▼ + stars: | 2023-11-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

Pharmacy closures have been a problem for years. “You had a routine: You would go to a pharmacy that was geographically accessible — ideally affordable — was probably preferred for your health insurance plan. Thompson, who himself lives close to a pharmacy in the South Side, said there is now more pressure on remaining locations. But chain closures aren’t likely to lead to more business for independents, which face challenges apart from competition from national chains. Recently, pharmacy workers have been staging walkouts over working conditions they say put patients at risk.

Persons: drugstores, Jenny Guadamuz, ”, “, Guadamuz, Melvin Thompson, Thompson, We’re, Angus Mordant, Omolola Adepoju, University of Houston’s Tilman J, Douglas Hoey, PBMs, Hoey, JC Scott, ” Hoey Organizations: New, New York CNN, CVS, Walgreens, Aid, UC Berkeley School of Public Health, Health Policy, Management, Endelo Institute, Bloomberg, Getty, National Community Pharmacists Association, USC, University of, Fertitta Family College of Medicine, Rite, Walmart, Target, Pharmacy, Pharmaceutical Care Management Association Locations: New York, Chicago, United States

☆ World Bank to host climate loss and damage fund despite opposition from developing nations
▼ + stars: | 2023-11-05 | by ( ) edition.cnn.com time to read: +3 min

CNN —Countries have moved a step closer to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States. The deal to create a “loss and damage” fund was hailed as a breakthrough for developing country negotiators at United Nations climate talks in Egypt last year, overcoming years of resistance from wealthy nations. The committee, representing a geographically diverse group of countries, on Saturday resolved to recommend the World Bank serve as trustee and host of the fund — a tension point that has fueled divisions between developed and developing nations. Housing a fund at the World Bank, whose presidents are appointed by the US, would give donor countries outsized influence over the fund and result in high fees for recipient countries, developing countries have argued. To get all countries on board, it was agreed the World Bank would serve as interim trustee and host of the fund for a four-year period.

Persons: Jennifer Morgan, — we’re, ”, Harjeet Singh, “ Rich, “, Sultan Ahmed al, Jaber Organizations: CNN, United Nations, UN, Bank, Housing, World Bank, Berlin, Action, US State Department, Reuters Locations: United States, Egypt, Abu Dhabi, Dubai, COP28

☆ Opinion: Israel-Hamas war’s endgame
▼ + stars: | 2023-11-05 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Last week, as Israel continued its military response to the October 7 Hamas terror attack, its political goals — and potential endgame — remained a source of huge controversy. Join us on Twitter and Facebook“Take, for example, the Israel Defense Forces strike on Gaza’s Jabalya refugee camp on Tuesday. “Following the horrific massacre in Israel by Hamas terrorists on October 7, I felt an intense, relentless grief. Though Perry wanted to escape Chandler, he kept him around, because heaven forbid anyone saw what he was hiding.”

Persons: Gideon Rose, ”, ” Rose, —, Joe Biden, Robert A . Pape, “, ” DJ Rosenthal, Obama, ’ inhumanity, Jordan, Antony Blinken, ” Shai Davidai, Nadia AbuShaban, Hashem, David Shulkin, Peter Bergen, Hillary Clinton, Donald Trump, Karl Rove, “ Mike Pence, Geoff Duncan, Nikki Haley, Duncan, Ron DeSantis, ” Haley, DeSantis, Lisa Benson, GoComics.com, Michael Ramirez, Trump, Norman Eisen, Joshua Kolb, Donald Trump’s, ” Eisen, Kolb, Leah Abucayan, CNN Maggie Jackson, ” She’s, Gabriel Levin, Frida Ghitis, ‘ Allahu akbar, ’, Ghitis, Wen, Julian Zelizer, Johnson’s, Mike Johnson’s, Biden, ” Paul Krugman, Johnson, Mike Johnson, ’ ”, John Avlon, “ Merriam, It’s, Benjamin Franklin, ’ ” Drew Sheneman, Nicole Hemmer, SBF Clay Jones, Sam Bankman, Howard Fischer, ” Fischer, Sophie Compton, Reuben Hamlyn, “ Chillingly, Taylor, Compton, Hamlyn, Walt Handelsman, Laura Tillman, ” Don’t, Jill Filipovic, Celia Wexler, Pope Francis, Elena Sheppard, ‘, Matthew Perry, Chandler Bing Reisig, Dean Obeidallah, Perry, Chandler Bing, Chandler, ” “ Chandler, I’m Chandler, ‘ I’m, ” Perry, ” Holly Thomas, “ Perry, Roger Organizations: CNN, University of Chicago, ”, Hamas, US National Security Council, Twitter, Facebook, Israel Defense Forces, Israel, Columbia Business School, “, New York Times, Street Journal, GOP, Republican, Trump, UN, Florida Gov, Wednesday’s GOP, Supreme, White, Cornell University, The Cornell Daily Sun, Cornell, Progressives, Internal Revenue Service, Congressional, Office, Electoral College, America, Agency, FBI, NBCU, Bank, Getty Locations: States, Iraq, Israel, Southern Lebanon, Lebanon, Palestinian, “ Israel, Bolivia, Chile, Colombia, Tel Aviv, Gaza, ”, Florida, Wednesday’s, Rhode, Rhode Island, Dagestan, Russian, Lewiston , Maine

The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at United Nations climate talks in Egypt last year, overcoming years of resistance from wealthy nations. The committee, representing a geographically diverse group of countries, resolved to recommend the World Bank serve as trustee and host of the fund - a tension point that has fuelled divisions between developed and developing nations. Housing a fund at the World Bank, whose presidents are appointed by the U.S., would give donor countries outsized influence over the fund and result in high fees for recipient countries, developing countries have argued. To get all countries on board, it was agreed the World Bank would serve as interim trustee and host of the fund for a four-year period. "Rich countries ... have not only coerced developing nations into accepting the World Bank as the host of the Loss and Damage Fund but have also evaded their duty to lead in providing financial assistance to those communities and countries."

Persons: Tarusila, Loren Elliott, Jennifer Morgan, we're, Harjeet Singh, Sultan al, Jaber, Gloria Dickie, Valerie Volcovici, Andrew Heavens Organizations: Local, REUTERS, United Nations, Bank, Housing, World Bank, Action, U.S . State Department, Reuters, The U.S, Washington DC, Thomson Locations: Village, Fiji, United States, Egypt, Abu Dhabi, Dubai, U.S, Berlin, COP28, London, Washington

Both changes to the process for designating a non-bank as a "systemically important financial institution," or SIFI, were proposed in April. Friday's vote reversed a Trump administration policy that regulators should police risky activities rather than single out individual firms. Under the revamped process, FSOC will identify potential SIFIs based on existing information and give the company a chance to respond. Similarly, the Managed Funds Association, which represents hedge funds, said non-banks do not pose the same risks as banks. "The guidance imposes a black box designation process that introduces uncertainty for market participants," said MFA President and CEO Bryan Corbett.

Persons: Brendan McDermid, Donald Trump, FSOC, Trump, Janet Yellen, Eric Pan, Bryan Corbett, Barack Obama, Ian Katz, Pete Schroeder, Chris Reese, Michelle Price, Richard Chang Organizations: Wall, REUTERS, WASHINGTON, Treasury Department, U.S . Federal, BlackRock, Bridgewater, Investment Company Institute, Association, MetLife, Inc, General Electric Capital Corporation, American International Group, Prudential Financial, Capital Alpha Partners, Carolina, Thomson Locations: New York, U.S, BlackRock, Bridgewater

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