DIRS.INFO The most relevant business & tech news

☆ China's massive stimulus is missing a key ingredient: a way to revive the nation's consumers
▼ + stars: | 2024-09-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +6 min

But the past week's stimulus blitz did not offer fiscal support to China's discouraged consumers. AdvertisementChina's latest stimulus blitz offers everything but one key fix: new incentives to revive consumers. While Tuesday's stimulus package didn't address fiscal support, Chinese officials appear to be getting around to it. Even if China commits to bigger fiscal support in the near term, it could be too late to change things this year, Huang said. For instance, Chinese consumers are staying away from new housing projects even as China has introduced looser mortgage rates and downpayment rules.

Persons: —, Liz Young Thomas, Tianlei Huang, Huang Organizations: Service, JPMorgan, Investment, Peterson Institute for International Economics, Reuters, Communist, Barclays, Bank of America Locations: China, Beijing

☆ 5 signs you have eldest-daughter syndrome, from a therapist who was the oldest of 6 kids
▼ + stars: | 2024-09-28 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

"Eldest-daughter syndrome" is not an official diagnosis, but it can describe how first daughters feel. As the oldest of her six siblings, she said she related to eldest-daughter syndrome. The term "eldest-daughter syndrome" describes common feelings of pressure and perfectionism that oldest daughters deal with as adults. Advertisement"I 100% relate to almost everything," she said of the traits associated with eldest-daughter syndrome. AdvertisementOn the surface, it can seem like a great thing: eldest-daughter syndrome is often associated with "type-A" personalities and fantastic organizational skills.

Persons: —, Annie Wright, it's, It's, Wright, overachievement Organizations: Service Locations: California, caregiving

If Dave Gilboa kept better track of his glasses, Warby Parker might not exist. They co-founded Warby Parker, a pioneering direct-to-consumer brand that's sold millions of pairs of glasses, both online and in 269 brick-and-mortar stores across the U.S. and Canada. Warby Parker brought in nearly $670 million in revenue last year. "The need for glasses and contacts continues to grow and grow and grow," Blumenthal tells CNBC Make It. "And we're putting Warby Parker in a position to take advantage of that growth, to serve that very large growing need."

Persons: Dave Gilboa, Warby Parker, Gilboa, — Neil Blumenthal, Andy Hunt, Jeff Raider —, Blumenthal Organizations: Wharton School, University of Pennsylvania, CNBC Locations: Canada, Gilboa

☆ I went to the latest version of Amazon Fresh and can't see what sets it apart from other grocery stores
▼ + stars: | 2024-09-28 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Amazon Fresh appears to be opening new stores again. I visited a recently opened Fresh store to see whether shopping there is better than a year ago. AdvertisementAmazon's push to build its own chain of grocery stores seems to be gaining some new momentum lately. In August, for instance, Amazon opened Fresh stores in Gaithersburg, Maryland, and Roseville, California. Do you work at Amazon Fresh or another part of Amazon's grocery business and have a story idea to share?

Persons: —, Andy Jassy Organizations: Service, Amazon, Bloomberg Locations: Gaithersburg , Maryland, Roseville , California

☆ Opinion | No Turkish Delight for New York’s Mayor
▼ + stars: | 2024-09-28 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

Cindy Adams, The New York Post gossip G.O.A.T., feted her 94th birthday at her rococo Park Avenue apartment in April. I was mesmerized looking around at an amazing web of scheming New York power brokers. A spidery crop of tabloid Gotham villains uneasily circling one another and eating animal crackers and ice cream in the red-lacquered, Ming dynasty’d-out lair of the tabloid queen. Bill O’Reilly was there with an assistant who was handing out cards awarding a free subscription to his substack. Nearby was Robert Thomson, the top lieutenant and best friend of Rupert Murdoch, the mogul who fired O’Reilly for sexual misconduct at Fox News.

Persons: Cindy Adams, you’re, Joey Adams, Roy Cohn’s louche, dynasty’d, Woody, Yi, Bill O’Reilly, Robert Thomson, Rupert Murdoch Organizations: The New, The New York Post, Gotham, Fox News Locations: The New York, New York

☆ ValueAct takes a stake in Sanwa. How the activist can make a good company into a great one
▼ + stars: | 2024-09-28 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility construction materials, as well as the provision of maintenance and renovation services. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. Ahead of any shareholder value creation, ValueAct will likely call for increased shareholder returns in the form of buybacks to capitalize on the Sanwa's relatively low valuation. ValueAct is likely to continue as an active shareholder while Sanwa continues to do what it's been doing, just on a faster timetable. As an engaged investor, ValueAct has historically closed the gap between "good" and "great" by supporting management in executing its plan.

Persons: ValueAct, Rob Hale, Hale, Sanwa, Clopay, healthily, It's, Dalton, Ken Squire Organizations: Sanwa, Olympus, JSR, ValueAct, Griffon Corp, KKR, Nikkei, U.S, Dalton Investments, 13D Locations: Japan, North America, Europe, U.S, Asia

☆ I've had 4 jobs in 4 years. I mastered the pivot regardless of the circumstances, and now I've found success on my own.
▼ + stars: | 2024-09-28 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

After being fired from her last job, she started her own business and is set to earn more than ever. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When I switched to my second job out of college, I received a salary increase of about 20% and I felt like the possibilities were endless. I would say job pivoting has not only paid off in terms of my earnings increasing, but also my mental wellbeing. I now report to no one but myself, and I finally get to make a living on my own terms.

Persons: Megan Lieu, Lieu, —, I've, who's Organizations: Service

☆ Inside one of the first all-female hacker houses in San Francisco
▼ + stars: | 2024-09-28 | by ( Lisa Setyon | In | ) www.cnbc.com time to read: +3 min

It was obvious to me that I wanted to do the inverse and build an all-female hacker house that created the same dynamic but with women." Cantillon, who has lived in several hacker houses over the years, saw a need for a space dedicated exclusively to women. That's why she co-founded HackHer House, the first all-female hacker house in the San Francisco Bay Area. Hacker houses aren't new to the Bay Area or cities like New York and London. In a city renowned for tech advancements, hacker houses are viewed as critical for driving the next wave of innovation.

Persons: Molly Cantillon, Cantillon, Jennifer Li, Andreessen Horowitz, Zoya Garg, Anna Monaco, Anne Brandes, Li Organizations: HackHer, Stanford University, . Venture, U.S Locations: San Francisco Bay, Silicon, North Beach, Bay, New York, London

☆ The 51 greatest movie heroes of all time, ranked
▼ + stars: | 2024-09-28 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +1 min

Movie heroes have inspired generations due to their honorable qualities as they overcome the odds. Here are the best movie heroes of all time, ranked. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Movie heroes have inspired us for generations because they are always out to do the right thing and get it done in a way that astounds us. Let's dive into the greatest movie heroes of all time.

Persons: Luke Skywalker, Indiana Jones, —, didn't, Rocky Balboa Organizations: Service

☆ Helene: Dozens dead as hurricane unleashes life-threatening flooding and knocks out power to millions across Southeast
▼ + stars: | 2024-09-28 | by ( Dalia Faheid | ) edition.cnn.com time to read: +6 min

Here’s the latest:• Deaths across 5 states: Storm-related deaths have been reported in South Carolina, Georgia, Florida, North Carolina and Virginia. North Carolina has activated 358 guardsmen, while Georgia has more than 300 and Alabama has 43, said Sabrina Singh, Pentagon deputy press secretary. • Severe flooding in North Carolina: Helene “is one of the worst storms in modern history for parts of North Carolina,” Gov. Delivery services were also impacted, with UPS announcing it has suspended service to Florida, North Carolina and Georgia because of the storm. In North Carolina, 290 roads were closed throughout the state, and Gov.

Persons: CNN — Helene, Brian Kemp, Glenn Youngkin, •, Sabrina Singh, Biden, Helene, Kamala Harris, Helene “, Roy Cooper, • Helene, Helene –, Keith Turi, “, ” Turi, ” Organizations: CNN, Gov, Tampa ., National Guardsmen, Defense Department, Pentagon, ”, National Weather Service, Amtrak, UPS, FedEx, Health, National Hurricane Center, Federal Emergency Management Agency Locations: Florida’s Big Bend, South Carolina , Georgia, Florida, North Carolina, Virginia, South Carolina, Saluda County, Anderson County, Georgia, Alamo, Pinellas County, Tampa, Claremont, Charlotte, Craig County , Virginia, Carolina, Alabama, Asheville, Southern, Western North Carolina, Tennessee, Ohio, North Carolina , Florida, Florida , North Carolina, Unicoi, Erwin , Tennessee, Bend

☆ The basic income myth: cash discourages work
▼ + stars: | 2024-09-28 | by ( Allie Kelly | ) www.businessinsider.com time to read: +10 min

Critics of guaranteed basic income often suggest that cash payments discourage work. Guaranteed basic income programs are gaining momentum across the US as an approach to poverty reduction. Related storiesBasic income critics say cash discourages workBillionaires, politicians, and financial leaders have criticized basic income programs, saying that cash payments could encourage laziness among participants. AdvertisementStill, guaranteed basic income programs reflect short-term results. Harper began teaching shortly after enrolling in a Georgia-based guaranteed basic income program, In Her Hands.

Persons: —, Taniquewa Brewster, Brewster, America's, John Gillette, Sam Altman, Samra, aren't, Cepia Harper, Harper, I've, Asya Howlette, Howlette, Brewster — Organizations: Service, Texans, Business, Austin, Rep, Mayors, Orleans Mayor's, Youth Locations: Arizona, Illinois, Texas, Stockton and Baltimore, Denver, Georgia, Orleans

☆ Apple's surprising new AirPods hearing aid feature might actually be a success
▼ + stars: | 2024-09-28 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Apple's AirPods Pro 2 now feature FDA-approved hearing aid capabilities. The Hearing Aid feature in Apple's AirPods Pro 2 is designed for people with mild to moderate hearing loss, and Apple said it can amplify voices, phone calls, and media sounds. So I sought out an expert in the hearing loss community to get a better understanding of whether we should expect Apple's hearing aids to be a hit or miss. The Over-the-Counter Hearing Aid Act of 2017 made it legal for the FDA to regulate the sale of hearing aids that don't require a prescription or a trip to the audiologist. As the daughter of a woman who suffers from hearing loss, I've witnessed my mother's denial of her struggles.

Persons: Apple's, —, Apple, Katherine Bouton, Bouton, Bose, I've Organizations: FDA, AirPods, Service, Food and Drug Administration, of America, Apple, Costco, Walmart, Bureau of Labor Statistics

☆ Jannik Sinner: WADA appeals decision that cleared world No. 1 tennis player after he tested positive for a banned substance
▼ + stars: | 2024-09-28 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —The World Anti-Doping Agency (WADA) says it’s lodging an appeal with the Court of Arbitration for Sport (CAS) after an independent tribunal found world No. 1 tennis player Jannik Sinner wasn’t at fault for twice testing positive for a banned substance in March 2024. In a statement posted on social media in August, Sinner said the positive tests stemmed from “inadvertent contamination of Clostebol” through treatment from his physiotherapist. … The physiotherapist treated Jannik without gloves and coupled with various skin lesions on Jannik’s body caused the inadvertent contamination.”WADA announced that it is appealing the decision that cleared Sinner after he tested positive for a banned substance. As WADA announced its appeal on Saturday, he was playing in the round of 16 at the China Open where he defeated Roman Safiullin.

Persons: WADA, Sinner, –, “ Jannik, …, ” WADA, “, Giacomo Naldi, Umberto Ferrara, Roman Safiullin Organizations: CNN, Doping Agency, Sport, Tennis Integrity Agency, Getty, Indian, China Locations: Indian, AFP

Floodwaters in the area of Gulfport, Fla., on Thursday, ahead of Hurricane Helene. Helene, a Category 4 hurricane, made landfall near Perry, Fla., some 200 miles north of Tampa. All three storms put wide swaths of the Tampa Bay region underwater, though none more than Helene, which brought storm surge into neighborhoods that had not seen such flooding in decades — or ever. Credit... Nicole Craine for The New York TimesImage Shore Acres, a flood-prone enclave on the edge of Tampa Bay in St. Petersburg. He would soon add another at three feet, to mark the amount of water that had flowed into his shop from Helene.

Persons: Hurricane Helene, Living, Helene, Idalia, Debby, ” Mimi Wills, I’ve, Nicole Craine, ”, Kento Kawakami, Meghan Martin, Hurricane Idalia, Jane Castor of, Ms, Castor, Gina Ryals, The New York Times “ I’m, “, Chris Wilkerson, Michael Childress, Nancy Otto’s, Hurricane, Nancy Cotto, Cotto, Becki Weber, Ian, Anthony Altman Jr, Scott McIntyre, The New York Times “, Mike Cannon, Pete Beach, Michael Morton, Mr, Morton, Chris Grant, Grant, ” Mr, ” Emily Cochrane, Jennifer Reed Organizations: Hurricanes, Hurricane, Fla ., The New York Times, Tampa General Hospital, “, Idalia, The New York, Shore, Fort Myers, ., Vermont Urban, Task Force Locations: Gulfport, Fla, Hurricane, Tampa Bay, Florida, Mexico, Tampa, Perry, South Tampa, Clearwater, Fla . Credit, Asheville, N.C, Florida , Georgia, North Carolina, South Carolina, Virginia, Atlanta, Erwin, Tenn, St . Petersburg, Old Port Tampa, Davis, downtown Tampa, Shore, Jane Castor of Tampa, St, Petersburg, Credit, Pinellas County, Hillsborough County, Fort Myers Beach, Crystal, Helene, Crystal River, Madeira Beach, Vermont, Fort Myers

☆ NATO is planning for mass medical evacuations in case of a war with Russia: report
▼ + stars: | 2024-09-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

NATO is planning for the mass transport of wounded troops in case of a war with Russia. NATO could use hospital trains and buses to move injured troops in such an event, a German general told Reuters. The general's comments come amid increasing tension between NATO and Russia. AdvertisementNATO is developing plans to manage the evacuation of large numbers of wounded troops in case of a war with Russia, a senior military officer told Reuters. Germany's defense minister, Boris Pistorius, said in an interview published in January that Russia could attack NATO within the next decade.

Persons: —, General Alexander Sollfrank, Sollfrank, Vladimir Putin, Volodymyr Zelenskyy, Putin, Vyacheslav Volodin, Volodin, Boris Pistorius, Pistorius, Der Tagesspiegel Organizations: NATO, Reuters, Service, Command, British Storm Shadow, New York Times, Russia's Duma, Business Locations: Russia, Western, warzones, Afghanistan, Iraq, Russian, Moscow, United States

☆ Harris tries to turn the tables on Trump by embracing the border as a key issue
▼ + stars: | 2024-09-28 | by ( Eric Bradner | ) edition.cnn.com time to read: +7 min

Harris, during her trip to the key swing state of Arizona, lambasted Trump for his role earlier this year in tanking a border security bill that was the product of months of bipartisan negotiations. “It was the strongest border security bill we have seen in decades. The Democratic offensive on immigration and border security is an attempt to cut into one of Trump’s clearest-cut political advantages. Another CNN poll conducted by SSRS released Friday found the two candidates tied in North Carolina at 48% each. And the CNN poll found the scandal-plagued Republican nominee for governor, Lt. Gov.

Persons: Kamala Harris, Donald Trump’s, Harris, Trump, Harris ’, Donald Trump, ’ ”, ”, amping, Harris “, nobody’s, SSRS, ” Harris, Helene, Tim Walz, Ohio Sen, JD Vance, Mark Robinson, Robinson, Patty Morin, Rachel Morin, Anne Fundner, Weston, Joe Biden, Biden, “, ” CNN’s Priscilla Alvarez, Ali Main, Ariel Edwards, Levy, Kit Maher Organizations: CNN, Democratic, Border Patrol, Minnesota Gov, Ohio, White, Trump, North, Republican, Gov, Republican National Committee, Republicans Locations: Arizona, tanking, Douglas, Mexico, Harris ’, Walker , Michigan, United States, Israel, Lebanon, Nebraska, Omaha, Michigan , Pennsylvania, Wisconsin, Georgia, Nevada, North Carolina, Harris ’ Arizona, El Salvador, California, Central America, Mexico City

☆ Are immigrants taking jobs from 'native' U.S. workers? Here's what economists say
▼ + stars: | 2024-09-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

Immigrants expected to boost the economyThere are several reasons why immigrants largely benefit the economy and job market, economists said. Immigrants take jobs but they also create new ones by spending in local economies and by starting businesses, economists said. One 2020 research paper from the National Bureau of Economic Research found immigrants are 80% more likely to become entrepreneurs than native workers. To the extent there's job competition from new immigrants, it tends to fall mostly on prior immigrants rather than native U.S. workers, according to the National Academies paper. "Sudden surges of immigration obviously affect the ability of native workers to find and take jobs on a given afternoon," Clemens said.

Persons: Kamala Harris, Donald Trump, Carlos Moreno, NurPhoto, Donald Trump's, Pew, Alexander Arnon, Michael Clemens, Clemens, Cohen, Giovanni Peri, it's, Peri, Arnon, Penn Wharton, Tim Chapman, George Borjas, Borjas —, —, Mariel boatlift, Borjas, Stephen Miller, Trump, Anna Kelly, David Card, Joe Sohm Organizations: Juventud, Getty, Republican, Trump, Pew Research Center, Pew, Penn Wharton Budget Model, Immigrants, National Bureau of Economic Research, Congressional, Office, Congress, George Mason University, Penn Wharton Budget, Immigration, El, Bloomberg, U.S, Global Migration, University of California, National Academies of Sciences, Engineering, National Academies, Florida Straits, Miami Herald, Harvard, Academies, Republican National Committee, America, Universal Locations: Tijuana , Mexico, Wilmington , North Carolina, U.S, El Chaparral, San Ysidro Port, Davis, Key West , Florida, Mariel, Florida, South Florida, Miami, USA, San Francisco

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ A world-champion quant trader with a 491% annual return shares an easy pattern that's profitable in 72% of test samples and can be manually executed
▼ + stars: | 2024-09-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.

Persons: Ivan Scherman, —, Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires

☆ I've always had a hard time decluttering. When my childhood home burned down, I learned a lot about letting go.
▼ + stars: | 2024-09-28 | by ( Allison Young | ) www.businessinsider.com time to read: +5 min

I've always been a bit of a pack rat and had a hard time decluttering. I learned a hard lesson about letting go. The sudden scarcity brought my life's inventory into heightened focus. AdvertisementFrom the rubble, I learned a few lessonsAs fast as our home burned down, the recovery is glacial in its pace. I collect receipts for what I've replaced, and painstakingly assess how not to perpetuate my cycle of accumulating without decluttering.

Persons: I've, —, It's, it's, feebly, we'd Organizations: Service, Flames

☆ China's missile arsenal may soon rival the US. Here are the leading missiles it's stockpiling for a big fight.
▼ + stars: | 2024-09-28 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

China's missile arsenal is rapidly growing and represents a clear threat to the US military. Here are the major missiles in China's arsenal that pose a threat to adversaries near and far. AdvertisementA reminder of China's growing might streaked across much of the Pacific on Wednedsay. While China hasn't revealed the size of its nuclear arsenal, the country's nuclear arsenal is growing faster than any other country. Here are the major known missiles in China's arsenal that the country is stockpiling amid heightened tensions in the Indo-Pacific.

Persons: —, China hasn't Organizations: Beijing's Rocket Force, Service, Force, Pentagon Locations: China

☆ A 27-year-old has sold over $4 million worth of sneakers in 2024 by shifting to 'live selling.' She explains how it works and why every store owner should learn the skill.
▼ + stars: | 2024-09-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Shifting to live selling changed everything. She shadowed a friend who was also starting to do live Whatnot shows. After just one month on Whatnot, Zapata says she did enough in sales to quit her insurance job in September 2022. Her advice to any online or brick-and-mortar store owner is to develop the skill of live selling. They're doing intros, they're interacting, they're really getting creative with the things that they're giving to their community.

Persons: Val Zapata, Zapata, —, We've, We're, they're, They're, She's, Holly, Kobe Bryant Organizations: Service, Facebook, Business, YouTube, Twitter, eBay, Zapata's, BI, Kobe Locations: Houston, Nevada

☆ A record number of apartments are getting built this year. That's great news for real estate affordability.
▼ + stars: | 2024-09-28 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The US will see construction completed on a record number of apartments this year. The Sun Belt region in particular is seeing this dynamic play out. The US will see construction on a record number of apartments completed this year. They're now seeing rent prices fall, or at least remain stagnant as the rest of the nation lags behind. That means the market will eventually balance itself in the next few years, which will lead rent prices to once again rise, she said.

Persons: —, Laurie Goodman, Goodman, Austin, Chen Zhao, Zhao Organizations: Service, Housing Finance, Center, Urban Institute, Sun, metros, Dallas, Harvard Locations: Dallas, New York, Austin

☆ Utilities are the hottest part of the stock market right now, on track for their best year since 2000
▼ + stars: | 2024-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Utility stocks this year have mounted a rally unseen in more than two decades. In the third quarter, utilities are the best out of 11 sectors that comprise the S & P 500, climbing 18%. As a group, utilities are poised to score their largest quarterly gain since George W. Bush was president in 2003. If that holds through yearend, utilities will see their biggest annual advance since 2000, when they surged more than 50%. "Utilities are the hottest sector in the market currently," Wolfe Research Rob Ginsberg said in a note to clients in August.

Persons: George W, Bush, Wolfe, Rob Ginsberg, hasn't, It's, buildout, Ginsberg, Subramanian, Wells Fargo, Christopher Harvey, Harvey, LSEG Organizations: Utilities, Federal Reserve, Bank of, Nasdaq, Bank of America, Constellation Energy, CenterPoint Energy Locations: yearend, The Texas, Houston

☆ Nasrallah, claimed by Israel to have been killed in airstrike, oversaw Hezbollah’s rise into a regional force
▼ + stars: | 2024-09-28 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +5 min

He replaced his predecessor and mentor, Abbas Musawi, as secretary-general of Hezbollah, after he was killed by an Israeli helicopter strike. Hezbollah was formed more than a decade earlier, by Lebanese fighters resisting Israel's invasion. It came after Israel detonated explosions across Lebanon targeting Hezbollah fighters. Days before he was killed, Nasrallah vowed to continue striking Israeli positions until Israel’s offensive in Gaza ends. Fears of an all-out war peaked earlier this month, after Israel unleashed a wave of lethal explosions across Lebanon targeting Hezbollah fighters.

Persons: CNN — Hassan Nasrallah, Israel, Nasrallah, Abbas Musawi, Saddam Hussein’s, Ho, –, Iran’s, Qassem Soleimani, Hassan Ammar, “, ”, António Guterres Organizations: CNN, Palestine Liberation Organization, Reuters, Lebanese, Hamas, Ministry of Health, Humanitarian Affairs, UN Locations: Beirut, Iran, Tyre, Iraq, Lebanon, Israel, Lebanon's, Lebanese, –, Syria, Yemen, Gaza

Search resuls for: "" Bank of America downgrades Phillips"

25 mentions found