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☆ The ‘Santa Claus rally’ is in trouble, and that may signal weaker stocks
▼ + stars: | 2024-01-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The Santa Claus rally is in trouble. With one day left in the trade, the S & P 500 is down 0.1% in the past six days. Fortunately, a negative Santa Claus rally period doesn't happen very often, only 12 times since 1969 — less than 25% of the time. "That is 16 out of 16 years, which includes years with recessions, like 2020," Clifton notes. The outperformance is notable: The S & P tends to be stronger by 1.3% on average.

Persons: Santa Claus, Jeff Hirsch, Tom McClellan, Hirsch, Dan Clifton, Clifton, Biden, Jason Trennert, Strategas, There's Organizations: Santa, Treasury, Bloomberg Locations: Santa, Santa Claus, U.S, Strategas, Mexico, India, Taiwan, Pakistan, Indonesia, South Africa, Tunisia

On Nov. 18, China’s Ministry of Public Security announced that authorities in northern Myanmar had handed over some 31,000 suspects. The Kokang Self-Administered Zone and the Wa Self-Administered Division both share a border with China and are heavily influenced by their bigger neighbor. The Ming family are not the only powerful Kokang families caught up in the drive. Wa police handed 194 Chinese nationals to Chinese authorities on Nov. 28, according to Wa's state media, Voice of Wa State. Others say that China is showing it won't tolerate the scams anymore, regardless of how powerful are the people behind them.

Persons: ”, Lu Jiantang, Jason Tower, Ming, Hu Xijin, ” Hu, Wei Qingtao, they’ll, ” Wei, Liu Zhengqi, Ming Xuechang, Kokang, Yin Masan, MNDAA, cyberscammers, Richard Horsey, “, Bai Suocheng, Li Kyar Wen, It’s, Wanqing Chen Organizations: China’s Ministry of Public Security, U.S . Congress, United States Institute of Peace, Communist Party, China’s Communist Party, CCTV, Global Times, of Public Security, Fully, Wa Construction Ministry, Wa Communist Party, Brotherhood Alliance, Arakan Army, Myanmar National Democratic Alliance Army, National Liberation Army, International Crisis Locations: BANGKOK, China, Myanmar, “, Wa, Kokang, Yunnan, Wa State, Shan, Arakan, cyberscams, Beijing

☆ Strategas’ Jason Trennert on the appeal of energy sector: It is 'institutionally underowned'
▼ + stars: | 2023-11-30 | 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 EmailStrategas’ Jason Trennert on the appeal of energy sector: It is 'institutionally underowned'Jason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, 2024 outlook, and more.

Persons: Jason Trennert Organizations: Strategas Research

☆ Two Amazon and Netflix alums have raised $1 million for their fintech startup that aims to disrupt entertainment and production financing
▼ + stars: | 2023-11-30 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Conduiit, a fintech startup that promises to save entertainment companies time and money by centralizing their production finance operations, has raised $1 million in pre-seed funding. He saw how production companies were using a hodgepodge of services to manage day-to-day transactions, as well as managing individual productions in silos, resulting in lost time and wasted expense. ConduiitCharging on a SaaS model, Conduiit lets production companies access all their compliance, management, accounting, and payment tools from a single platform. "There are two Black founders in a world that doesn't have a lot of them," said Glover of Hamilton and Thurman. Only about 1% of venture funding in 2022 went to Black startup founders, according to Crunchbase data analyzed by TechCrunch .

Persons: Hiro Mizushima, Shawn Hamilton, Hamilton, Hamilton's, Jason Thurman, who's, HBO Max, Max, John Oliver, Drew Glover, Glover, Thurman, we're Organizations: Fiat Ventures, Aperture Venture, Business, Amazon, Netflix, Disney, HBO, Jigsaw, Laylow Productions, Productions, Silicon Valley Bank, Fiat, TechCrunch Locations: Silicon, Hollywood

☆ A Michigan community college received complaints of a 'foul odor' in its building, then found the body of a man in its ventilation
▼ + stars: | 2023-11-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

A man's body was found in the ventilation system of a community college in Michigan. The college said it discovered the body of Jason Thompson, 36, after being told about a "foul odor." AdvertisementA Michigan community college investigating a "foul odor" in one of its buildings discovered the body of a 36-year-old man in a ventilation system on Sunday. Macomb Community College officials said the body was identified as Jason Thompson, a man who was reported missing earlier this month, the Macomb Daily reported. "The college community extends heartfelt condolences during this difficult time to Mr. Thompson's family and friends," school officials said in a statement, per the Macomb Daily.

Persons: Jason Thompson, —, Thompson, William Leavens, Thompson's Organizations: School, Service, Macomb Community College, Macomb Daily, Macomb Center for Performing Arts, NBC Locations: Michigan, Macomb

☆ Travis Kelce says he’ll spend Thanksgiving eating KFC without Taylor Swift
▼ + stars: | 2023-11-23 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Spending Thanksgiving dinner together doesn’t appear to be in the cards for it-couple Travis Kelce and Taylor Swift this year. “I’ll be feasting on KFC because I wont have anybody here,” he said with a laugh. (From left) Taylor Swift and Travis Kelce holding hands in New York City in October. Gotham/GC Images/Getty ImagesAnd with both Swift and Kelce having the holiday off amid their jam-packed work schedules, it seemed like a possibility that the couple could sit at the same Thanksgiving table. “Thanks Taylor, appreciate you,” Kelce said on the podcast.

Persons: Travis Kelce, Taylor Swift, Jason Kelce, Swift, “, ”, Jason, Travis, Kelce, reschedule, She’s, Swift’s, Taylor, ” Kelce Organizations: CNN, Kansas City Chiefs, KFC, Philadelphia Eagles, Monday’s Chiefs, Eagles, Gotham, iTunes Locations: South America, Kansas City, New York City, Rio de Janeiro, Brazil, São Paulo, York

☆ NFL Week 11: Kelce brothers to play against each other for first time since Super Bowl
▼ + stars: | 2023-11-19 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +9 min

The Week 11 action concludes with the biggest game of the week – a Kelce vs. Kelce Super Bowl rematch. Jason Kelce’s Philadelphia Eagles will travel to Kansas City to take on Travis Kelce’s Chiefs in one of the most highly-anticipated matchups of the season – a Super Bowl LVII rematch and a potential Super Bowl LVIII preview. “I don’t need the Super Bowl to motivate me to beat my brother, or Andy Reid. I know what it takes now to be an NFL quarterback and not just be a college quarterback being in the NFL,” Thompson-Robinson told reporters. Australia: NFL+, ESPN, 7PlusBrazil: NFL+, ESPNCanada: NFL+, CTV, TSN, RDSGermany: NFL+, ProSieben MAXX, DAZNMexico: NFL+, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL+, Sky Sports, ITV, Channel 5US: NFL+, CBS, NBC, FOX, ESPN, Amazon Prime

Persons: Joe Burrow, Jason Kelce’s, Travis, Taylor Swift’s, Jason, Magazine’s, “ It’s, it’s, ” Jason, Travis Kelce, Taylor Swift, Ralf Ibing, firo sportphoto, It’s, ” Travis, we’ve, Andy Reid, I’ve, ”, “, you’re, Deshaun Watson, Watson, “ I’m, I’m, ” Watson, Dorian Thompson, Robinson, Quarterback Dorian Thompson, Jason Miller, Thompson, Robsinson, “ I’ve, ” Thompson, Sean Payton, Kirk Cousins, – it’s, ” Payton, they’ve, They’ve, Stephen Maturen, haven’t, Kevin O’Connell, Sean, Payton, we’re, Patrick Mahomes, Josh Allen, —, it’ll, ProSieben MAXX Organizations: CNN, NFL, Baltimore Ravens, Cincinnati Bengals, Ravens, AFC, Bengals, Philadelphia Eagles, Kansas City Chiefs, Jason Kelce’s Philadelphia Eagles, Kansas City, Travis Kelce’s Chiefs, Super Bowl, New, Philadelphia, Pittsburgh Steelers, Cleveland Browns, Minnesota Vikings, Denver Broncos, Denver, Chiefs, Broncos, “, Vikings, Minnesota, ” Vikings, Buffalo Bills, Bills, ”, Sunday Dallas Cowboys, Carolina Panthers, Chicago Bears, Detroit Lions, Los Angeles Chargers, Green Bay Packers, Arizona Cardinals, Houston Texans, Tennessee Titans, Jacksonville Jaguars, Vegas Raiders, Miami Dolphins, New York Giants, Washington, Tampa Bay Buccaneers, San Francisco 49ers, New York Jets, Seattle Seahawks, Los Angeles Rams, ESPN, 7Plus, ESPN Canada, CTV, TSN, RDS, DAZN, Fox Sports, Sky Sports UK, Sky Sports, ITV, Channel, CBS, NBC, FOX, Amazon Locations: Kansas, Buenos Aires, Philadelphia, “, elation, Minnesota, Denver, Australia, 7Plus Brazil, RDS Germany, DAZN Mexico

☆ Seasonal affective disorder: Self-care tips to fight the winter blues
▼ + stars: | 2023-11-12 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +7 min

The lack of sunlight from shorter winter days can bring on depressive symptoms, and social isolation is common among people with seasonal affective disorder. BenAkiba/E+/Getty ImagesTaking care of your health is key to dealing with seasonal affective disorder. Here’s what experts say you can do to manage seasonal affective disorder. Social isolation is common among people with seasonal affective disorder, and isolating may contribute to depressive symptoms. Antidepressants are another option that Manu recommended for people with severe seasonal affective disorder.

Persons: Joseph Takahashi, ”, Jason Tucciarone, ” Tucciarone, Tucciarone, Thomas Kilkenny, Kilkenny, Lucian Manu, Manu, Jocelyn Solis, Moreira Organizations: CNN, University of Texas Southwestern Medical Center, Stanford University School of Medicine, Northwell Health, Kilkenny, “, Stony Brook Medicine Locations: New York, Tucciarone, Stony

☆ Mexico inflation still easing but rate cuts seen only next year
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A man buys vegetables at a stall in an outdoor market in downtown of Ciudad Juarez, Mexico July 27, 2023. Consumer prices rose 0.38% in October, according to non-seasonally adjusted figures, mainly driven by core inflation including higher food, beverage and service costs. The annual headline inflation reading came in slightly below economist forecasts in a Reuters poll, which stood at 4.28%. The closely monitored core index, which strips out some volatile food and energy prices, rose 0.39% during the month, while annual core inflation came in at 5.5%, in line with market expectations. "This report strengthens our view that headline inflation will remain under control over the coming months," said Pantheon Macroeconomics chief Latin America economist Andres Abadia, but "admittedly services inflation is still a bit sticky.

Persons: Jose Luis Gonzalez, Jason Tuvey, Banxico, Andres Abadia, Gabriel Araujo, Steven Grattan, Mark Heinrich Our Organizations: REUTERS, Bank of, Capital, Sao Paulo, Thomson Locations: Ciudad Juarez, Mexico, Bank of Mexico, Banxico, America, Sao

☆ A Gen Xer gave up gig work with Amazon to become a full-time bus driver. He's nearly doubled his hourly income and loves the benefits.
▼ + stars: | 2023-11-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A former Amazon Flex driver said he's making thousands of dollars more as a bus driver in Seattle. He recently quit his gig job with Amazon Flex and started working with King County Metro full-time. While this is mainly concentrated among younger Americans, many Gen Xers and boomers have left the corporate world for more flexible gig work. Making the transition to bus drivingAt Amazon Flex, Timss said he was earning at least $1,000 each week. "Gig work really should be a stepping stone or get you by."

Persons: —, Jason Timss, Timss, Xers, he'd, I'd, He's, he's Organizations: Amazon, Service, Amazon Flex, King County Metro, Seattle, Bureau of Labor Statistics Locations: Seattle

☆ Inflation is likely to stay higher, says Strategas Research's Jason Trennert
▼ + stars: | 2023-10-24 | 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 EmailInflation is likely to stay higher, says Strategas Research's Jason TrennertJason Trennert, CEO of Strategas Research Partners, and Brian Weinstein, head of global markets at Morgan Stanley Investment Management, join 'The Exchange' to discuss Fed policy, inflation, and more.

Persons: Strategas, Jason Trennert Jason Trennert, Brian Weinstein Organizations: Strategas Research Partners, Morgan Stanley Investment Management

☆ What frightens me the most right now is bond yields, says Strategas' Jason Trennert
▼ + stars: | 2023-10-18 | 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 EmailWhat frightens me the most right now is bond yields, says Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, why the markets have been remarkably resilient given the geopolitical headwinds, bond yields, the Fed's inflation fight, and more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Strategas Research

☆ The analysts who study price charts for a living don’t like this stock market
▼ + stars: | 2023-10-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The stock market is showing signs of shaking off its late summer slump, paving the way for a potential year-end rally. The S & P 500 is up more than 3% since Oct. 3 and has risen comfortably above its 200-day moving average near 4,200. And other indexes that try to better represent the entire market than the S & P 500 are showing weakness, according to a Monday note from Strategas strategist Chris Verrone. "These have been very messy charts, but both the equal-weight S & P and the Russell 2000 are again back to negative standing in our proprietary trend model," Verrone said. "The S & P 500 continues to track its seasonal tendency as well.

Persons: JC O'Hara, Roth MKM, Jonathan Krinsky, Chris Verrone, Russell, Verrone, Verrone's, Jason Trennert, Frank Gretz, Wellington Shields, Gretz, Oppenheimer, Ari Wald, " Wald, — CNBC's Michael Bloom Organizations: Wall, Nasdaq, Wellington, CNBC Locations: U.S, uptrends

The United States Supreme Court building is seen as in Washington, U.S., October 4, 2023. The Supreme Court in 2019 forbade federal courts from intervening in cases involving gerrymandering done for partisan advantage. A group of Black voters sued to block the use of the reconfigured district. "What these plaintiffs in these cases are doing is basically bringing partisan gerrymandering claims and trying to dress them up as if they're racial gerrymandering claims," Torchinsky said. A HEAVY BURDENPlaintiffs in racial gerrymandering cases long have borne a heavy burden.

Persons: Evelyn Hockstein, Leah Aden, Jason Torchinsky, Holtzman Vogel, Nacy Mace, Torchinsky, David Gans, that's, Gans, Nicholas Stephanopoulos, John Gore, Elena Kagan, Kagan, John Kruzel, Will Dunham Organizations: United States Supreme, REUTERS, Rights, U.S, Supreme, Republican, U.S . House, Republicans, Democratic, NAACP Legal Defense Fund, Black, Constitutional, Center, South, Harvard Law, Thomson Locations: Washington , U.S, South Carolina's, Legislative, United States, Carolina's, South Carolina, Stephanopoulos, Gore

☆ Market strategist cautions that war is inflationary, says buy energy and defense stocks
▼ + stars: | 2023-10-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

The war in the Middle East could lead to higher inflation for longer as it puts upward pressure on oil prices, according to Strategas' Jason Trennert. On Saturday, militant group Hamas attacked Israel, leading to the deadliest offensive attack Israel has experienced in 50 years . Oil prices spiked following the attack, with Brent crude futures rising nearly 4% to $87.94 a barrel. "There is likely to be natural tendency to buy Treasurys and the U.S. dollar, but wars are generally inflationary." Rising oil prices could put even more pressure on inflation.

Persons: Strategas, Jason Trennert, Israel, —, Trennert, Hess, Northrop Grumman, — CNBC's Michael Bloom Organizations: Brent, . West Texas, U.S ., Federal Reserve, Energy, Halliburton, CF Industries, L3Harris Technologies, General Dynamics Locations: Israel

☆ Americans celebrate Jimmy Carter's 99th birthday as he receives hospice care
▼ + stars: | 2023-09-30 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

Former U.S. President Jimmy Carter reacts as his wife Rosalynn Carter (not pictured) speaks during a reception to celebrate their 75th wedding anniversary in Plains, Georgia, U.S. July 10, 2021. John Bazemore/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 30 (Reuters) - Americans celebrated the 99th birthday of former President Jimmy Carter this weekend, with the White House putting up a wooden cake display on its north lawn and the Carter library in Georgia hosting a party for the public. Carter, a Democrat who served as U.S. president from January 1977 to January 1981, is in hospice care after deciding in February to decline additional medical intervention. In Atlanta, the Jimmy Carter Presidential Library & Museum hosted a celebration that it said would feature cake, games, trivia and a food truck. He and his wife, Rosalynn Carter, who has dementia, took an outing a week ago to attend the annual peanut festival in their hometown of Plains, Georgia.

Persons: Jimmy Carter, Rosalynn Carter, John Bazemore, Carter, Carter's, Jason, Jeff Mason, Leslie Adler Organizations: U.S, Rights, White, Jimmy Carter Presidential Library & Museum, New York Times, Thomson Locations: Plains , Georgia, U.S, Georgia, Atlanta, Washington

☆ In some ways the Fed is fighting the federal government to get inflation down, says Jason Trennert
▼ + stars: | 2023-09-26 | 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 EmailIn some ways the Fed is fighting the federal government to get inflation down, says Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight and impact on the economy, recession forecast, and more.

Persons: Jason Trennert Jason Trennert Organizations: Strategas Research

☆ People are misplaying the AI revolution, says Carlyle's Jason Thomas
▼ + stars: | 2023-09-21 | 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 EmailPeople are misplaying the AI revolution, says Carlyle's Jason ThomasJason Thomas, Carlyle Group head of global research, joins 'Squawk on the Street' to discuss Thomas' broad outlook for rates, why the economy could see higher rates for longer, and whether investors should reduce their exposure to equities.

Persons: Carlyle's Jason Thomas Jason Thomas, Carlyle, Thomas Organizations: Carlyle Group

Like many financial institutions in the current high interest rate environment, Northern Trust is confronting growing financing costs as tries to hold onto deposits. Northern Trust shares sank to $69.81, down more than 9%, to their lowest level since mid-July after Tyler's comments. A Northern Trust spokesperson did not immediately respond to a Reuters request for further comment. Asset and wealth managers, including Northern Trust and peer State Street Corp (STT.N), are seeing a decline in NII as customers move deposits to higher yielding alternatives. In July, Northern Trust reported that its deposits fell by 10% to $91.9 billion in the second quarter, although Tyler said on Tuesday deposits have generally stabilized.

Persons: Jason Tyler, That's, it's, Tyler, Tyler's, Chibuike Oguh, Michelle Price, Mark Potter Organizations: Northern Trust Corp, Barclays, Northern Trust, State Street Corp, Trust, Thomson Locations: New York

☆ Mexican core inflation slows more than expected to 20-month low
▼ + stars: | 2023-09-07 | by ( Natalia Siniawski | ) www.reuters.com time to read: +2 min

That drop was off the back of lower core goods inflation, Capital Economics analyst Jason Tuvey said, while services inflation - which central bank board members have described as "sticky" - remained above 5% year over year. Annual core inflation in the second half of the month was "good news," said central bank board member Jonathan Heath on social media network X. Headline inflation edged downward to 4.64% in the month, in line with market expectations and its lowest since March 2021. That was driven by softer core price pressures, Capital's Tuvey said, but with inflation in the services sector still proving stubborn, the central bank is still unlikely to kick off an interest-rate easing cycle soon. The closely watched core price index rose 0.27% during the month (MXCPIX=ECI).

Persons: Jose Luis Gonzalez, Jason Tuvey, Jonathan Heath, Capital's Tuvey, Andres Abadia, Natalia Siniawski, Kylie Madry, Frances Kerry, Aurora Ellis Organizations: REUTERS, Capital, Reuters, of, Macroeconomics, America, Thomson Locations: Ciudad Juarez, Mexico, of Mexico

HARTFORD, Conn. (AP) — A police officer was killed and another was seriously injured Wednesday night when their cruiser was struck by a car speeding through a red light while fleeing a traffic stop in Connecticut's capital city, authorities said. Another car that had fled a traffic stop by other officers smashed into the passenger's side of the cruiser just west of downtown Hartford. The driver of the car, Richard Barrington, 18, of Hartford, was treated at a hospital, discharged and arrested, police said. While officers approached the car, Barrington sped away, drove through one red light and went through another red light before crashing into Garten and Kearney's cruiser, he said. The other officers did not chase after Barrington when he fled the traffic stop, the police chief said.

Persons: Robert “ Bobby ” Garten, Brian Kearney, ”, Luke Bronin, “ Bobby, Jason Thody, Garten, Kearney, Richard Barrington, Barrington, Sharmese Walcott, Hannah Dean, Dean, Thody, Ned Lamont, “, they’ll, ” Thody, “ Really Organizations: —, Hartford, ” Police, Hartford State's, Farmington . Gov, Hartford Whalers NHL, Goats Locations: HARTFORD, Conn, Hartford, Garten, Farmington ., U.S, Connecticut, Wethersfield

☆ Analysts pick 4 high-performance semiconductor stocks to play the booming market
▼ + stars: | 2023-08-29 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Analysts at an Asian brokerage and investment group have picked four semiconductor stocks to play the "booming demand" for high-performance chips. "This old semiconductor migration locomotive still has steam in it yet, even amid the current industry downcycle, thanks to booming demand for high-performance chips," CLST analysts Jason Tsang and Cathy Hsu said in a research note dated Aug. 23. Semiconductors are used in products like tablets and smartphones, and the Covid-19 pandemic led to high demand for such goods, resulting in a shortage of some types of chips. Analysts expect it to take market share from fellow chip manufacturer KLA. "In addition to expanding shipment volumes, demand improvement, content growth, and value add should together drive a boom in the semiconductor equipment market," the analysts wrote.

Persons: Jason Tsang, Cathy Hsu, Hynix, — CNBC's Michael Bloom, Arjun Kharpal Organizations: Semiconductors, Samsung, Samsung Electronics, Nvidia, CLST, AMD, SK Hynix Locations: Taiwan

☆ Energy is one area investors can look to find some real value, says Strategas' Jason Trennert
▼ + stars: | 2023-08-21 | 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 EmailEnergy is one area investors can look to find some real value, says Strategas' Jason TrennertJason Trennert, Strategas chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, rising Treasury yields, the Fed's rate hike campaign, and more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Email Energy

☆ Why Maui’s rebuilding effort will be so expensive
▼ + stars: | 2023-08-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

All told, doing business in Hawaii is about 30% more expensive than the cost of doing business in the rest of the United States, according to Moody Analytics. “Based on similar historical events, this is likely conservative, as building delays and supply and demand cause additional pressures on reconstruction costs,” said Verisk. Construction permitting generally takes longer in Hawaii than most mainland locations, said Jessica Leorna, CEO of the state’s Building Industry Association. That’s especially true for construction workers, who were in short supply even before the fires, according to the state’s Building Industry Association. And workers from elsewhere in the state or the Southeast could drive home on weekends,” he said.

Persons: ”, Beau Nobmann, Jae C, ” Jason Thies, Nobmann, Jessica Leorna, Jones, it’s, Adam Kamins, there’s, Ian, “ That’s Organizations: New, New York CNN, Moody Analytics, HPM, Homes, Industry Association, Labor, Labor Department, state’s, Moody’s Analytics, Moody’s Locations: New York, Maui, United States, Hawaii, Lahaina , Hawaii, Canada, Asia, West Coast, California, Washington, Hawaii’s, Florida

☆ A handful of portfolio managers exited $20 billion hedge fund Balyasny in early August
▼ + stars: | 2023-08-17 | by ( Alex Morrell | ) www.businessinsider.com time to read: +1 min

Four stock-picking portfolio managers left Balyasny in early August. The $20 billion fund is trailing its peers in performance this year. Multi-strategy hedge fund Balyasny Asset Management saw a handful of departures in its stock-picking business earlier this month, according to people familiar with the matter. Four portfolio managers exited the $20 billion fund in early August, the people said, including Neville Irani, Colin Kronewitter, Ben Shapiro, and Jason Temerowski. Balyasny trails its peers in performance this year, returning 1.3% through July.

Persons: Neville Irani, Colin Kronewitter, Ben Shapiro, Jason Temerowski Organizations: Management Locations: Balyasny

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