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Two of the Americans and a Mexican woman died after gunmen opened fire on the U.S. citizens shortly after their arrival in Matamoros on Friday. The four Americans were found on Monday on the edge of the city, by which time two of them were dead. The letter was left alongside five men with their hands tied in Matamoros, the photos showed. The Mexican source familiar with the investigation confirmed the handover, expressing skepticism the five were the ones responsible for the attack. The Mexican source said the evidence suggested that the two deceased Americans, identified as Shaeed Woodard and Zindell Brown, had probably died from injuries they suffered during the attack by the gunmen in Matamoros on Friday.
The Gulf cartel apologized Thursday after two American citizens were killed during an armed abduction last week in Mexico. A senior law enforcement official told NBC News that U.S. authorities believe the letter is legitimate. Four Americans were shot at and kidnapped after driving into Matamoros, Mexico, just south of Brownsville, Texas, for a medical procedure. Video showed a gunman dragging people into a white pickup, a law enforcement source with knowledge of the matter previously said. A law enforcement official with knowledge of the matter said a woman in the group had been seeking a cosmetic medical procedure.
The wife of one of the Americans kidnapped in Mexico didn't know he was headed there. Michelle Williams, the wife of Eric Williams, told WBTW in an interview that she only knew her husband was helping out two friends. I just knew he was going somewhere to help two friends," the wife told the news outlet. Meanwhile, Brown's sister, Zalandria Brown, told the Associated Press that her brother was worried about crossing the border. "This is like a bad dream you wish you could wake up from," Zalandria Brown told the AP.
Two of four Americans kidnapped in Mexico are alive, two dead
  + stars: | 2023-03-07 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Mexican authorities search for evidence as they work to locate four Americans who were shot by gunmen and then kidnapped shortly after crossing the border with Brownsville, U.S. Texas, in Matamoros, Mexico March 6, 2023. REUTERS/StringerMEXICO CITY, March 7 (Reuters) - Two of four Americans who went missing on Friday in the Mexican northern border state of Tamaulipas are alive, and two are dead, the state governor said on Tuesday. Separately, a Mexican official told Reuters that two of the men had been found dead. The woman and another man were alive, safe and in the hands of authorities, the official said. The four Americans were in a white minivan when they entered the border city of Matamoros, Tamaulipas, on Friday.
Two of the four Americans kidnapped in Mexican are dead, while the other two were found alive. Relatives told CNN and ABC News the group traveled for one of them to get a tummy tuck procedure. Tamaulipas Governor Américo Villarreal said the other two Americans were found alive in Tamaulipas, according to Latinus journalist Claudio Ochoa Huerta. Obrador confirmed at a press conference Monday that the group was abducted on March 3 in Matamoros, Tamaulipas, Mexico, near the Rio Grande and southern US border with Brownsville, Texas. It was originally reported by Mexican President Andrés Manuel López Obrador that the group traveled to buy medication.
2022 was the worst year the "60/40 portfolio" had since 1926 . But Morgan Stanley 's Jim Caron is unconvinced by the rally, calling the 60/40 strategy "a thing of the past." "But that was when interest rates were falling from 1980 to 2021. The logic of holding a 60/40 portfolio for the long term appears "broken," he wrote in a Feb. 13 note. The shift from a 2% [average fed funds rate] world to a 5% world means structurally higher inflation and interest rates," he said.
International equities have outperformed their U.S. counterparts by more than 4%, but investors should choose carefully, said Jared Woodard, investment and ETF strategist at Bank of America, in a note to clients on Monday. "International dividends ( GCOW ), emerging markets ex-China ( EMXC ), and Canada ( FLCA ) should comprise long term international holdings," the note said. The global version is already off to a solid start in 2023, with a total return of about 6%. The fund, which has $3 billion in assets and an expense ratio of 0.25%, already has a total return of more than 5% in 2023. The Canada fund has a total return of more than 8% year to date.
But what's gone almost unnoticed in the midst of the tech bloodletting is that consolidation is coming for venture investors, too. "Anyone who wanted to raise a fund could," said Nichole Wischoff, a solo venture capitalist. In essence, the great venture-capital resignation has become the great uncertainty. Family offices and institutions that front money to venture funds are being inundated with pitches, multiple sources said. "There's not going to be a rush by the big mega-platforms to hire them," said the principal at the early-stage venture firm.
Here are Morningstar's top 10 stock picks that are trading as much as 35% below fair market value. 2023 has barely begun, but the stock market is already off to the races. But the ongoing market rally has revealed investors' newfound optimism around peaking inflation, China's reopening, and hopes for a dovish Federal Reserve pivot sometime this year. Still, the question remains: is this finally the bull market rally investors have been waiting for, or is it doomed to eventually collapse? The full list of 10 stocks is below, along with each firm's ticker, industry, market capitalization, and current price-to-fair value ratio.
The bull market for energy stocks still has room to run, and there are cheap exchange traded funds on the market to help investors ride along, according to Bank of America. Energy underperformed the broader market in January, with the Energy Select Sector SPDR Fund (XLE) returning just 2.8%. The underwhelming month followed a big year for energy stocks in 2022. Bank of America's top picks for energy ETFs include the broad SPDR fund, the Vanguard Energy ETF (VDE) and the Invesco S & P 500 Equal Weight Energy ETF (RYE) . Woodard also initiated coverage for the FirstTrust Energy AlphaDEX Fund (FXN) , an active energy strategy built on a quantitative model.
Former President Trump claims he owns the audio rights to interviews conducted by Bob Woodward. But legal experts say it's unlikely a court will agree with Trump, who claims he's owed $50 million. "The case centers on Mr. Woodward's systematic usurpation, manipulation, and exploitation of audio of [former] President Trump," states the complaint, filed with a federal court in Florida. The audiobook didn't go on sale for another two years — after, Woodward says, he decided its release served the public interest. "Filing a lawsuit over publishing those interviews turns the First Amendment on its head."
Bank of America sees limited gains for US stock indexes in 2023 as a recession begins. Inflation could also stay high for longer than expected, which would hurt growth stocks. He believes that the growth stocks that led the market in the previous decade will take a backseat to value names and smaller stocks in the coming years, especially if inflation persists. Since indexes like the S&P 500 are disproportionately weighted towards large growth stocks, such a shift could lead to rough years for benchmarks and funds that track them. "History suggests flat, volatile returns for crowded, large cap benchmarks," Woodard wrote.
A pair of factor ETFs are on a hot streak that should continue early in the new year, according to Bank of America. Free cash flow to enterprise value is the best metric for determining quality, Bank of America said. After the first week of the year, the COWZ fund has a total return of 8.2% over the past three months, while the QLV fund is up 7.8%. "COWZ has a top weights in energy and materials, where P/E ratios have come down from summer highs and remain below average. Similarly, QLV has high weights in Apple and Microsoft whose P/E ratios have both returned to pre-Pandemic levels," he added.
This is notably different from the S & P 500 and Nasdaq Composite , which are weighted based on market cap. Bank of America ETF strategist Jared Woodard listed the Invesco S & P 500 Equal Weight ETF (RSP) as a top trade for 2023. The fund had a total return of -11.6% in 2022, meaning its decline was significantly less than the S & P 500. After tech stocks underperformed again in December, value stocks have now made up a lot of ground in the major indexes. However, equal-weighted funds still give investors more exposure to value stocks and areas like energy and materials than broad index funds.
But not all traders are on the same ride — the large, institutional investors on Wall Street have shuffled away from markets while Main Street’s retail investors are still strapped in. But despite this year’s lackluster market, investors bought $800 billion of Exchange Traded Funds which are baskets of stocks typically purchased by retail investors. However, Main Street is holding on to its stocks while Wall Street is running for the hills. One simple explanation is that institutional investors are responsible for vast amounts of money that belong to other people. “Respect, for retail investors, is in short supply,” wrote Azalea Micottis at Informa Financial Intelligence, in a recent note.
Bank of America is telling investors not to increase their stock investments until early 2023. It's telling investors which ETFs to buy to apply those themes in 2023 and beyond. So Woodard's group is telling investors that next year will be marked by a mild recession, lower inflation, and reduced corporate profits. Collectively, investors have poured $510 billion into equity ETFs this year, which is the second-highest on record according to BofA. In deciding which funds to buy next year, BofA first recommends that investors tack away from large, high-growth stocks.
The pain for 'new' economy sectors has likely just begun," Woodard wrote. Another option is to shift away from large cap stocks in general with a small cap value fund like the Vanguard Small-Cap Value Index Fund (VBR) . "The past two decades of large cap growth outperformance have been an anomaly. "Annual dividend growth averaged 6.2% between 1970 and 1980 after an overvalued, concentrated market corrected sharply," Woodard wrote. Similarly, dividends grew by 6.2% on average between 2000 and 2007 while annual price returns averaged just 2.5%," Woodard wrote.
People walk through the City of London financial district during rush hour in London, Britain, October 3, 2022. Asia's main markets had struggled overnight but Europe's STOXX 600 (.STOXX) made a 0.5% early gain as both the pound and UK government bonds rallied in London. Invesco's director of macro research Ben Jones said the UK's volatility would remain a key focus for global markets. In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%. The rise of the dollar and global bond yields have been a drag for gold, which was stuck at $1,648 an ounce .
Asia shares ease, major test looms for UK bonds
  + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
Concerns about financial stability added to the corrosive mix with all eyes on UK bonds, now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.4% at $1.1219 , but off the early high with trading sparse in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.
Asia shares slip, testing times for UK bonds
  + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.6% at $1.1233 , but trading was sparse with little liquidity in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. read moreIn currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.
Asia shares slip, make or break day for UK bonds
  + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.6% at $1.1240 , but trading was sparse with little liquidity in Asia. In equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.5% and back toward last week's 2-1/2 year low. read moreIn currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.
The United States has many regions, and author Colin Woodard argues that it can be divided into 11 sub-nations. AdvertisementThe United States comprises several different regions, each with its own rich history and cultural identity. Exactly where those regions start and end has been a long-running debate, but according to author Colin Woodard, the United States can be divided into 11 distinct sub-nations. Woodard mapped out the regions in his 2012 book "American Nations: A History of the Eleven Rival Regional Cultures of North America." Recognizing the distinct values of each region is critical to understanding the United States, Woodard said.
Persons: Colin Woodard, Woodard Locations: States, El Norte, United States, North America, Midlands, New Jersey, New Mexico, Maine
Fiindcă este duminică și afară ninge, este cel mai oportun moment să priviți un film și nu unul oarecare, dar unul bun. Echipa #diez a făcut o selecție a filmelor premiate cu Oscar din anul 2000 încoace. „Gladiatorul” a luat Oscarurile pentru cel mai bun film și actor principal (Russell Crowe), dar „Tigru și dragon” al lui Ang Lee a fost consolat cu premiul pentru cel mai bun film străin. Patru Oscaruri a luat pelicula lui Ron Howard, pentru cel mai bun film, regie, scenariu adaptat și actriță secundară (Jennifer Connelly). Și totuși, Scorsese a pierdut în favoarea lui Eastwood și Oscarul pentru regie, și cel pentru cea mai bună peliculă.
Persons: Kevin Spacey, Ridley Scott, Russell Crowe, Ang Lee, Steven Soderbergh, Ron Howard, Jennifer Connelly, ., Rob Marshall, Martin Scorsese, Roman Polanski, Hobbiții, Peter Jackson, Clint Eastwood, Scorsese, Eastwood, Paul Haggis, Alejandro González Iñárritu, Jack Nicholson, Matt Damon, Leonardo DiCaprio, Coen, Javier Bardem, Daniel Day, Danny Boyle, Colin Firth, Tin, David Seidler, George al VI - lea, George, Lionel Longue, Michel Hazanavicius, George Valentin, Jean Dujardin, Miller, Ben Affleck, Steve McQueen, Michael Fassbender, Benedict Cumberbatch, Paul Dano, Paul Giamatti, Sarah Paulson, Brad Pitt, Solomon, Michael Keaton, Zach Galifianakis, Edward Norton, Andrea Riseborough, Amy Ryan, Emma Stone, Naomi Watts Organizations: Americane, Academia Americană, Film, Academiei Americane, Iwo Jima, CIA, Slave Locations: Los Angeles, Chicago, Hollywood, New York, SUA, L.A ., Mumbai, Irak, american, Brad, Northup, Louisiana
Total: 23