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☆ Lawmakers are trying to keep meatpacking giant JBS from trading on NYSE, citing links to deforestation
▼ + stars: | 2024-01-18 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

US and UK lawmakers are rallying against an IPO by the world's largest meatpacker, JBS. Brazil says two-thirds of Amazon deforestation comes from converting land into pastures for livestock. Trading on the world's largest exchange would give JBS access to more capital and enhance its credibility. "The company has made repeated claims that it will eliminate deforestation but has not taken meaningful steps to do so." Two-thirds of Amazon deforestation results from conversion to pasture for livestock, according to the Brazilian government.

Persons: JBS Organizations: Service, Securities and Exchange Commission, New York Stock Exchange, New, U.S, Democrats, Republicans, SEC, NYSE, JBS S.A Locations: Brazil, United States, United Kingdom, New York

Johnson is peddling the stop-gap spending measure by emphasizing how the package buys time for Congress to complete its 12 appropriations bills. The Best Political Cartoons on Congress View All 127 Images“Everyone understands the reality of where we are,” Johnson said at a press conference Wednesday morning. Johnson cut a deal with Schumer to back a top-line funding total key to preventing a government shutdown. “A small group of hard-right extremists seem dead set on making a shutdown a reality,” Schumer said Tuesday. “House and Senate negotiators worked hard to reach an agreement on top-line funding levels for the current fiscal year.

Persons: Mike Johnson’s, Johnson, Chuck Schumer –, ” Johnson, “ We’re, –, Schumer, tanking, ” Schumer, ”, Mitch McConnell bristled, “, McConnell, it’s, Bill Johnson of, Hakeem Jeffries, Joe Biden, Biden, We’re Organizations: House Republicans, Democratic, GOP, Caucus, Tax, Republican, Freedom Caucus, Senate, White Locations: Bill Johnson of Ohio, Ukraine, Israel, Taiwan, Mexico

Wells Fargo now says it pegs the odds of a recession at 40% in 2024. The Blue Chip Economic survey released last week echoed the bonhomie. More than two-thirds, 69%, of small business and 67% of midsize business leaders expressed optimism about their company’s performance. This week, members of Congress will learn the details and begin signaling whether the plan has the support of both houses. Meanwhile, in Davos, Switzerland, where many of the world’s leaders, business executives and others have gathered for the World Economic Forum’s 54th meeting, Chinese Premier Li Qiang delivered a bullish speech on China’s economic prospects.

Persons: –, Wells, “, ”, Wells Fargo, Sam Bullard, ” Bullard, JPMorgan Chase, Li Qiang Organizations: Federal Reserve, BCA Research, Federal Reserve Bank, Atlanta’s, University of Michigan, Wells, Investment Banking, JPMorgan, Capitol Locations: U.S, Davos, Switzerland

☆ We're raising our Morgan Stanley price target despite the stock's post-earnings decline
▼ + stars: | 2024-01-16 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. MS 1Y mountain Morgan Stanley 1 year Shares of Morgan Stanley were on a five-session losing streak with Tuesday's post-earnings 5% decline. However, Morgan Stanley — and for that matter, Wells Fargo — saw their stocks surge into the end of 2023. Asset management revenue increased 6% from last year, reflecting higher asset levels and the impact of positive fee-based asset flows. Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Morgan Stanley —, Ted Pick, Morgan Staley, ROTCE, it's, Morgan, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, Bloomberg, Federal Deposit Insurance Corporation, Silicon Valley Bank, Morgan, Wealth Management, Investment Banking, FDIC, Institutional Securities, Investment, Equity, Morgan Stanley's Wealth Management, Investment Management, Asset, Capital, CNBC, Bloomberg Television, Getty Locations: Silicon, Wells Fargo —, U.S, New York

☆ Inflation is still a mixed bag, but markets don't care. They see big Fed rate cuts ahead
▼ + stars: | 2024-01-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet. One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn. So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher. On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month. Fed policymakers also are attuned to the relationship between wages and inflation.

Persons: isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North Organizations: Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade Locations: Red

☆ Blackstone explores sale of Anthos Therapeutics -sources
▼ + stars: | 2023-12-04 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Anthos, which does not generate any revenue because its products have not yet hit the market, could be worth several billion dollars in a potential sale, significantly more than the $250 million that Blackstone invested when it founded Anthos in 2019, the sources said. The company's anticoagulants have made significant progress in late-stage clinical trials, the sources added. Blackstone is working with investment bankers to explore a sale of Anthos, the sources said, cautioning that no deal is certain and requesting anonymity because the matter is confidential. Anthos has licensed from Novartis an antibody used in the development of its blood thinners and granted it a minority stake.

Persons: Blackstone, Anthos, Bayer, Eliquis, David Carnevali, Leslie Adler Organizations: Blackstone Group, REUTERS, Blackstone Inc, Anthos Therapeutics, Novartis AG, Novartis, Myers Squibb, Alnylam Pharmaceuticals, Thomson Locations: New York City, U.S, Cambridge , Massachusetts, Anthos, Bristol, German, New York

CNN —Friends and relatives gathered Monday to mourn the death of Yuval Castleman, the Israeli civilian who responded to a deadly terror attack in Jerusalem, shooting and killing the perpetrators before he himself was shot dead by an Israeli reservist soldier. Castleman, a former police officer, was driving to work Thursday when he saw two gunmen open fire at a bus stop in Jerusalem. A third person, an army reservist according to Israel’s military, appears to have mistaken Castleman for an attacker and began shooting at him. Bullets from one of the Israeli soldiers may have also struck Castleman, the IDF said. He was shouting ‘I’m an Israeli.’ He threw his wallet, his identification, on the way so they could see he’s an Israeli.

Persons: Yuval Castleman, ’, Castleman, “, ” Guy Itzkovich, Yuval, ”, ‘ I’m, Ronen Zvulun, Reuters Castleman, Moshe, “ Yuval, it’s, ” Moshe, ” Itzkovich, you’re, –, It’s, Daniel Hagari, Castleman’s, Benjamin Netanyahu, Israel, Netanyahu, ” Netanyahu, National Security Itamar Ben, Gvir Organizations: CNN, Reuters, Hamas, IDF, Israel Police, Tel, “, Ministry of National Security, National Security Locations: Jerusalem, Kiryat Tiv’on, Israel, Tel Aviv

The moon rises over the Toronto city skyline as seen from Milton, Ontario, Canada, January 23, 2016. REUTERS/Mark Blinch/File Photo Acquire Licensing RightsTORONTO, Dec 4 (Reuters) - Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions, signalling that lenders were strapping in for a shaky economy. Impaired loans related to residential mortgages, real estate and construction were also higher from the prior quarter, indicating that the banks were also being cautious when considering underwriting new loans. He noted that despite the mixed results, the banks reported healthy capital levels, giving investors assurance that the banks remain resilient. Reuters Graphics($1 = 1.3559 Canadian dollars)Reporting by Nivedita Balu in Toronto; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Mark Blinch, Verecan, Colin White, Dave McKay, Mike Archibald, Nivedita Balu, Mark Porter Organizations: REUTERS, Rights, Reuters, Bank of Canada, BOC, Royal Bank of Canada, CIBC, National Bank, Scotiabank, BMO, RBC, Reuters Graphics Reuters, AGF Investments, Reuters Graphics, Thomson Locations: Toronto, Milton , Ontario, Canada

For gay men and other LGBTQ+ people, “their friends and family may not be aware of how they identify. "And men as a category don’t meet that stereotype, even though all the research has shown us that at least 9% of sexual assault survivors are male.”__This story includes discussion of sexual assault. If you or someone you know needs help, call the National Sexual Assault Hotline at 800-656-4673 or go to https://hotline.rainn.org. Schultz saw others in the opera community rally around the attackers, and was criticized for besmirching the reputation of prominent gay men. Gay men often gather in bars – spaces they feel safe to be themselves.

Persons: Sam Schultz, Schultz, there’s, ” Schultz, ”, Scott Berkowitz, “, Anthony Edwards, Fatima Goss Graves, __ Schultz, David Daniels, Scott Walters, Daniels, Xerxes, didn’t, Walters, they’ve, “ You’re, Ted Gideonse, Gideonse, ” Gideonse, ‘, Mike Jeffries, Jeffries, Matthew Smith Organizations: Associated Press, Sciences, RAINN, Women’s Law Center, Legal Defense Fund, National Women’s Law, Houston’s Rice University, Houston, University of California, Washington, BBC, Abercrombie, Fitch, Abercrombie & Fitch Locations: Irvine, New York, Paris, London

☆ Goldilocks meets Santa as global stocks power to best month in three years
▼ + stars: | 2023-11-30 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

MSCI's world stock index (.MIWO00000PUS) is set to close the month up around 9%, its best performance since November 2020, when markets cheered the arrival of COVID-19 vaccines. Global bond prices have soared, with an ICE BofA index of global investment-grade bonds in major markets set to return 3.4% in November, the best month on record going back to 1997. Global growth stocks in high-tech sectors are up 11% (.dMIWO0000GNUS) while value stocks, which are mainly in cyclical industries and offer high dividends, have gained 6.5% (.dMIWO0000VNUS). And a cloudier outlook for stocks suggests a divergence could open up between again between stocks and bonds. The broader global index is set to return 1.6% for the year.

Persons: Joshua Roberts, That's, bode, Altaf Kassam, Wall, We've, Guy Miller, Joost Van Leenders, Van Lanschot Kempen, Van Leenders, Kassam, Naomi Rovnick, Yoruk Bahceli, Dhara Ranasinghe, Christina Fincher Organizations: Federal Reserve, REUTERS, U.S . Federal Reserve, European Central Bank, State Street Global Advisors, Traders, Fed, Insurance Group, Equity, Reuters Graphics Reuters, Treasury, Thomson Locations: Washington , U.S, COVID, U.S

Cheney writes most members knew “it was a farce” and “another public display of fealty to Donald Trump.”“Among them was Republican Congressman Mark Green of Tennessee,” Cheney writes. “Leader McConnell, who had made a career out of savvy political calculation and behind-the-scenes maneuvering, got this one wrong,” Cheney writes. In the book, Cheney also condemns right-wing media for amplifying the disinformation coming from Trump and his allies. “Several months later, I heard the show had been in the final stages of production when it was shut down,” Cheney writes. Cheney writes that Pelosi’s team “pulled together a list of the 10 worst things I had ever said about her.

Persons: Washington CNN —, Liz Cheney, “ enablers, ”, Donald Trump, Cheney, ” Cheney, Kevin McCarthy, Trump, he’d, Mike Johnson, “, Liz Cheney's, Brown, hypocrites –, Steven Cheung, ‘, Jesus, McCarthy, ” McCarthy, “ McCarthy, Jim Jordan, ” Jordan, Jordan, Russell Dye, Johnson, “ Johnson, ’ ”, Mark Green of, Green, sheepishly, ’, ’ Cheney, craven, fundraise, Kevin, “ They’re, Jerry Maguire, Tom Cruise, Renée Zellweger, it’s, Mike Pence, Pence, Paul Ryan, Ryan, Cheney’s, Dick Cheney, Liz Cheneys, cautioning, ’ ” Cheney, Roberto Schmidt, Hakeem Jeffries, George W . Bush, “ Liz, Courage, I’m, Nancy Pelosi, Liz ’, ruefully, Trump –, Mike Kelly, “ She’s, Mike Turner, Liz, Drew Angerer, Ronald Reagan, Reagan, George W, Bush, McConnell, Mitch McConnell, ” McConnell, Fox, Tucker Carlson, Pelosi, “ Trump, Jan, CNN’s Kristen Holmes, Annie Grayer, Oliver Darcy Organizations: Washington CNN, Republican Party, CNN, Wyoming Republican, Trump, White, GOP, Republican, California Republican, Fox News, “, Capitol, ”, Orange Jesus, Mar, Save America PAC, AFP, Getty, Democratic, Republicans, House Republican Conference, Caucus, U.S . Capitol, Jan, Senate Republicans, Fox Corp, Fox, Democrat, Independent Locations: Wyoming, California, Mark Green of Tennessee, Mar, Trump, Washington , DC, Ohio, WASHINGTON, DC, Washington ,, Trump’s, Congress, America

Among other lifestyle changes, "I stopped using chemical straighteners," she says. Breast cancer risk was similar for Black and white women, but straightener use was far more common among Black women. Notably, research also has shown that rates of aggressive subtypes of the disease surged in the recent past among U.S. women, with Black women particularly affected. Yet aside from cancer, hair care may pose an additional concern for people planning to get pregnant. More than half of Black study participants reported using their first relaxer before they were 10 years old.

Persons: Mirtha Aguilar, Fort, flaking, Aguilar, she’s, –, who’d, Jordan Geller, it’s, Geller, ”, Elena A, Dr, Monte Swarup, ” Swarup, Johanna Lukate, Lukate, Christofides Organizations: National Institutes of Health, University of North, Hill, National Cancer Institute, U.S . Food, Drug Administration, American, Epidemiology, Boston University School of Public Health, Max Planck Institute, Institute Locations: Fort Myers , Florida, University of North Carolina, straighteners, Los Angeles, Florida, Columbus , Ohio, Arizona, Germany, U.S

☆ Israel-Hamas war live updates: Israel says video shows tunnel under Al-Shifa; 31 babies evacuated from hospital
▼ + stars: | 2023-11-20 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

31 premature babies at Al-Shifa Hospital, which stopped providing services due to Israeli attacks, are transferred to the United Arab Emirates (UAE) Hospital in Rafah, Gaza. The Israeli military has released more details of its findings after its ground incursion at the Al-Shifa hospital, including what it says is footage of a tunnel beneath the medical complex. In an operational update, the IDF showed a clip of what appeared to be a tunnel it said spans over 50 meters and is beneath the largest medical facility in the Gaza Strip. Meanwhile, Thirty-one babies were evacuated on Sunday from the hospital to a medical facility in the south of the Gaza Strip, in a joint mission between the World Health Organization and the U.N., working in collaboration with the Palestine Red Crescent Society. That would be in exchange for a pause in fighting, NBC News reported, with the sources cautioning that nothing was finalized.

Organizations: Shifa, United Arab Emirates, IDF, World Health Organization, Palestine Red Crescent Society, NBC News Locations: UAE, Rafah, Gaza, Palestine

☆ The House Ethics Committee just released a damning report on George Santos finding that he 'brought severe discredit upon the House.'
▼ + stars: | 2023-11-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The House Ethics Committee just released a report on its investigation into George Santos. AdvertisementThe House Ethics Committee finally released a report on its months-long investigation into Republican Rep. George Santos of New York on Thursday morning. "Representative Santos' conduct warrants public condemnation, is beneath the dignity of the office, and has brought severe discredit upon the House," the committee declared in a statement accompanying the report. The committee also released a much lengthier report compiled by an investigative subcommittee (ISC), along with hundreds of pages of additional evidence. Here's the 8-page report that the House Ethics Committee released:And here's the lengthier 56-page report from the investigative subcommittee:

Persons: George Santos, Here's, —, Santos, Anthony D'Esposito —, New York Republicans who's Organizations: Service, Republican Rep, Federal, Commission, ISC, Republicans, Democratic, Republican, New York Republicans Locations: George Santos of New York

WOODSIDE, Calif. (AP) — President Joe Biden and Chinese President Xi Jinping greeted each other with a warm handshake Wednesday as they met on the sidelines of the Asia-Pacific Economic Cooperative conference. The two leaders last spoke a year ago, and since then, already fraught ties between the nations have been further strained. Biden and Xi were speaking behind closed doors at the Filoli Historic House and Garden, which features a Georgian revival-style mansion and a formal, English Renaissance-style garden. The pair opened their face-to-face meeting in the San Francisco Bay area with a solid handshake. The two leaders made the comments Wednesday after shaking hands in their first face-to-face meeting in more than a year.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Michael Douglas, Bourn, Roth, David Fincher’s, Douglas, ’ “ I’m, ”, “, haven’t, ” Biden, ” Xi, they’re, Wednesday's, Aamer Madhani Organizations: Pacific Economic Cooperative, APEC, Biden, Trust for Historic, Biden Biden, U.S, Moscone Center, Tibet, CCP, Chinese Communist Party, White, Xi, Associated Press Locations: WOODSIDE, Calif, Asia, East, Europe, Taiwan, China, Francisco, Woodside , California, San Francisco, United States, San Francisco Bay, Hong Kong, “ Tibet, Bali

☆ Hamas wants to wreck years of US efforts to mend Israel-Arab ties — and it looks like it's working
▼ + stars: | 2023-11-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Thursday Bahrain, one of the original signatories of the Trump-era Abraham Accords, said it would recall its ambassador to Israel. AdvertisementAdvertisement"Presumably there's a limit to how much carnage Israel can get away with before Arab countries pull out of the Abraham Accords. The UAE has reaffirmed its commitment to the Abraham Accords, reported the Jewish News Syndicate. But the longer Israel's campaign continues, and images and civilian deaths and devastation are broadcast around the world, the more public anger will build, putting huge pressure on Arab leaders to act.

Persons: —, Joe Biden, Donald Trump, Israel, Abraham, Giorgio Cafiero, Cafiero, Abraham Accords —, Biden Organizations: Saudi, Service, United Arab Emirates, Protesters, Thursday Bahrain, Trump, Abraham Accords, West Bank, Analytics, Abraham, Jewish News Syndicate, Orly Goldschmidt, CNN Locations: Israel, Gaza, UAE, Saudi Arabia, Bahrain, Egypt, Morocco, West, Gulf, Iran, Saudi

☆ Thursday, Nov. 2, 2023: Cramer says don't sell this retail holding after earnings and downgrades
▼ + stars: | 2023-11-02 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Thursday, Nov. 2, 2023: Cramer says don't sell this retail holding after earnings and downgradesJim and Jeff explain why they're cautioning against selling shares of this food and beverage retail holding after its earning beat led the stock to rise in morning trading. Jim also says not to trade this technology stock in the Trust ahead of the company's earnings results Thursday after the bell. Finally, Jim discusses why he thinks this pharmaceutical position is starting its next upward trend.

Persons: Cramer, Jim, Jeff

One of them said that the cut off point could be closer to 6 billion euros ($6.33 billion). Some analysts had already questioned Renault's hoped-for valuation of up to 10 billion euros, with some suggesting the carmaker should pursue alternative options to raise cash. De Meo said in September that the listing could value Ampere at between 8 and 10 billion euros, above the French carmaker's own current market capitalisation of 9.55 billion euros. Other EV makers have seen their market value fall sharply in recent months. The Ampere IPO would include a mix of Renault's shares and new shares and could happen as early as April 2024, one of the people said, depending on market conditions.

Persons: Gonzalo Fuentes, Ampere, France's, Tesla, Renault's, Luca de Meo, China's Geely, IPOs, De Meo, Bernstein, de Meo, Elon Musk's Tesla, Mathieu Rosemain, Silvia Aloisi, Pablo Mayo Cerqueiro, Gilles Guillaume, Anousha Sakoui, Alexander Smith Organizations: Renault, Viva Technology, Porte de, REUTERS, Reuters, DKV Mobility, HK, Saudi Arabia's Aramco, Nissan, IPOs Renault, EV, Commission, UBS, Barclays, Ampere, Mitsubishi, Thomson Locations: Porte, Paris, France, LONDON, China, Saudi, Europe, Ampere, Elon

☆ Hedge fund billionaire Leon Cooperman, in rare public rebuke of a Republican candidate, says Trump ‘belongs in jail’
▼ + stars: | 2023-10-30 | by ( Lisa Emmanuel | Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Leon Cooperman, the hedge fund billionaire who has famously clashed with Sen. Elizabeth Warren over her proposed wealth tax, is cautioning voters against returning Donald Trump to the White House. “It would be terrible for the country if Donald Trump were reelected,” Cooperman told CNN in a phone interview late last week. “He’s a divisive human being who belongs in jail.”It’s rare for a Wall Street figure to make such critical comments about Trump, at least publicly. The Biden campaign did not respond to a request for comment. Given the ongoing risks, Cooperman argued the stock market is overvalued relative to corporate profits.

Persons: New York CNN — Leon Cooperman, Sen, Elizabeth Warren, Donald Trump, ” Cooperman, “, Warren, Joe Biden, CNN he’s, Trump, Biden, Cooperman, ”, Republican Chris Christie’s, Steven Cheung, he’s, ” Cheung Organizations: New, New York CNN, CNN, Trump, Biden, Republican, Omega Advisors, Bank Locations: New York, Washington

☆ Bush-era diplomat joins elite chorus urging Israel not to launch a full-scale invasion of Gaza
▼ + stars: | 2023-10-28 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Writing in the Financial Times, former US diplomat Richard Haas urged Israel to rethink its Gaza war. Haas said Israel has the right to attack Hamas but destroying the group is "unlikely to prove doable." AdvertisementAdvertisementA former diplomat who served in the Bush administration and as president of the Council on Foreign Relations has joined a chorus of elite voices urging Israel against launching a full-scale ground invasion of the Gaza Strip. The Israeli government has repeatedly said a ground invasion is only a matter of time. AdvertisementAdvertisementA full-on ground war, Haas wrote, would "generate significant civilian casualties" and "allow Hamas to scapegoat Israel for its own shortcomings."

Persons: Richard Haas, Israel, Haas, Bush, —, Colin Powell, cautioning, Hass Organizations: Financial Times, Service, Foreign Relations, Washington Post Locations: Gaza, Iraq, United States, Northern Ireland, Israel, cautioning Israel, Saudi Arabia

WASHINGTON, Oct 25 (Reuters) - U.S. President Joe Biden said on Wednesday the Israel-Gaza crisis should have "a path to peace" including independent states for the Israelis and Palestinians and integrating Israel among its Arab neighbors. "Israelis and Palestinians equally deserve to live side by side in safety, dignity and in peace," said Biden. Biden said he believed one reason Hamas militants attacked southern Israel, killing 1,400 people on Oct. 7, was to prevent normalizing relations between Israel and Saudi Arabia. Biden said he had "no notion" that the Palestinians were telling the truth about how many had been killed. Biden, a self-described "Zionist", has strongly supported Israel following Hamas' Oct. 7 attack while cautioning the country to abide by democratic principles.

Persons: Joe Biden, Biden, Anthony Albanese, They're, Albanese, Leah Millis, Jeff Mason, Trevor Hunnicutt, Steve Holland, Susan Heavey, Tom Hogue, Heather Timmons, Josie Kao Organizations: Australian, Reuters, West Bank, AUSTRALIA, Albanese, White, REUTERS, U.S, Russia's, Pacific, Thomson Locations: Israel, Gaza, Saudi Arabia, Australia, Washington , U.S, Sydney, Washington, PHILIPPINES, China, Philippines, United States, U.S, Beijing, American, Taiwan, South China, Canberra, Japan

Former U.S. President Barack Obama speaks during the Sandy Hook Promise Benefit in New York City, U.S., December 6, 2022. In rare comments on an active foreign policy crisis, Obama said any Israeli military strategy that ignores the human costs of the war "could ultimately backfire." Israel has heavily bombarded Gaza with air strikes since Hamas' Oct. 7 assault on Israel left over 1,400 people dead. Obama condemned Hamas' attack and reiterated his support for Israel's right to defend itself, while cautioning about risks to civilians in such wars. Obama and Israeli Prime Minister Benjamin Netanyahu had a testy relationship when Obama was in office, including when Obama's administration was negotiating a nuclear deal with Iran.

Persons: Barack Obama, Sandy, David, Dee, Delgado, Obama, Joe Biden, Biden, Benjamin Netanyahu, Kanishka Singh, Matt Spetalnick, Arshad Mohammed, Jeff Mason, Kieran Murray, Stephen Coates Organizations: U.S, REUTERS, Rights, Hamas, Israel, Palestinian, Israeli, Thomson Locations: New York City, U.S, Gaza, Israel, Iran, Washington

☆ Obama Warns Some of Israel's Actions in Gaza May Backfire
▼ + stars: | 2023-10-23 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Kanishka SinghWASHINGTON (Reuters) - Some of Israel's actions in its war against Hamas, like cutting off food and water for Gaza, could "harden Palestinian attitudes for generations" and weaken international support for Israel, former U.S. President Barack Obama said on Monday. In rare comments on an active foreign policy crisis, Obama said any Israeli military strategy that ignores the human costs of the war "could ultimately backfire." Israel has heavily bombarded Gaza with air strikes since Hamas' Oct. 7 assault on Israel left over 1,400 people dead. Obama condemned Hamas' attack and reiterated his support for Israel's right to defend itself, while cautioning about risks to civilians in such wars. Obama and Israeli Prime Minister Benjamin Netanyahu had a testy relationship when Obama was in office, including when Obama's administration was negotiating a nuclear deal with Iran.

Persons: Kanishka Singh WASHINGTON, Barack Obama, Obama, Joe Biden, Biden, Benjamin Netanyahu, Kanishka Singh, Matt Spetalnick, Arshad Mohammed, Jeff Mason, Kieran Murray, Stephen Coates Organizations: Hamas, Israel, Palestinian, Israeli Locations: Gaza, Israel, Iran, Washington

☆ Climate Change Is Keeping Therapists Up at Night
▼ + stars: | 2023-10-21 | by ( Brooke Jarvis | ) www.nytimes.com time to read: +4 min

His clients didn’t just bring up the changing climate incidentally, or during disconcerting local reminders; rather, many were activists or scientists or people who specifically sought out Bryant because of their concerns about the climate crisis. According to a 2022 survey by Yale and George Mason University, a majority of Americans report that they spend time worrying about climate change. A poll by the American Psychiatric Association in the same year found that nearly half of Americans think climate change is already harming the nation’s mental health. Climate change, in other words, surrounds us with constant reminders of “ethical dilemmas and deep social criticism of modern society. In its essence, climate crisis questions the relationship of humans with nature and the meaning of being human in the Anthropocene.”

Persons: Bryant, Susan Clayton, Thomas J, Doherty, George Mason, ” Organizations: Climate Psychology Alliance North America, American Psychological Association, Yale, George, George Mason University, American Psychiatric Association, of Biology

☆ PNC Financial Services to cut jobs after quarterly profit drop
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 13 (Reuters) - PNC Financial Services Group (PNC.N) said on Friday it would reduce its workforce by about 4% as part of its cost reduction plans after it posted a drop in profit in the third quarter. Average deposits at Pittsburgh-based PNC were also down 3.8%, at $422.5 billion in the third quarter, compared to $439.2 billion for the same quarter last year. The lender earned a profit of $1.57 billion, or $3.60 per share, compared to $1.64 billion, or $3.78 per share, from a year earlier. The lender said it expects a drop of 1% to 2% for the fourth quarter in its net interest income (NII), compared to the current quarter this year. In the third quarter, it posted a drop of 1.6% in NII, to $3.4 billion, from the same quarter last year.

Persons: Brendan McDermid, Banks, Jaiveer Shekhawat, Pritam Biswas, Pooja Desai Organizations: PNC Financial Services Group Inc, New York Stock Exchange, REUTERS, PNC Financial Services, PNC, Analysts, Signature Bridge Bank, Federal Deposit Insurance Corp, Thomson Locations: New York City, U.S, Pittsburgh, NII, Bengaluru

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