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☆ Consumers are growing slightly more cautious about the economy
▼ + stars: | 2023-08-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN —Americans’ attitudes toward the US economy appear to be growing more tepid. The University of Michigan’s closely watched consumer sentiment index measured 69.5 in August, down slightly from July. “Consumers perceive that the rapid improvements in the economy from the past three months have moderated, particularly with inflation, and they are tentative about the outlook ahead,” Joanne Hsu, director of the university’s Surveys of Consumers, said in a statement. Inflation expectations for the year ahead ticked down to 3.3% from 3.4% in July, showing “remarkable stability” but still trending higher than pre-pandemic expectations, which ranged in the 2.3% to 3% range. Inflation expectations are crucial data points for the Federal Reserve.

Persons: ” Joanne Hsu, Hsu, ” Hsu, “ Organizations: Minneapolis CNN, University of Michigan’s, Consumers, Federal Reserve Locations: Minneapolis, Michigan

☆ Morning Bid: Dollar rockets as Powell trumps AI
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Fed Chair Jerome Powell is due to deliver a keynote address to the annual central banking symposium in Jackson Hole at 1405 GMT. And given increasingly contrasting fortunes of economies on either side of the Atlantic, Powell's words are expected to contain a different message to the one from European Central Bank President Christine Lagarde later in the day at 1900 GMT. Turkey's lira gave back only some of Thursday's gains after its central bank shocked with a 750 basis point interest rate to 25%. Events to watch for on Friday:* Federal Reserve Chair Jerome Powell gives keynote speech at annual Fed symposium in Jackson Hole. European Central Bank President Christine Lagarde also speaks at Jackson Hole.

Persons: Mike Segar, Mike Dolan, Jerome Powell, Christine Lagarde, Ifo, Jackson, Powell, Patrick Harker, Susan Collins, Collins, Harker, BoE, China's bourses, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, Federal Reserve, Nvidia, European Central Bank, Philadelphia Fed, Boston Fed, ECB, Bank of, Treasury, Reuters, Authorities, University of Michigan's, Marvell, Reuters Graphics Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Jackson, Bank of England, Asia, Jackson Hole, Jakarta

☆ Jamie Dornan says he knew ‘Fifty Shades of Grey’ movies would come with ‘baggage’
▼ + stars: | 2023-08-20 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Jamie Dornan knew what he was getting tangled up with when he took on the role of Christian Grey in the spicy “Fifty Shades of Grey” franchise films – and we’re not talking about bedsheets. “I knew that it came with a lot of baggage,” Dornan said. My wife was 35 weeks pregnant, we had a lot of massive decisions to make very quickly. It was a crazy time when I think about it.”Despite the initial trepidation, Dornan ultimately embraced the fandom. The movies were certainly a success, even if the critics panned them.

Persons: Jamie Dornan, Christian Grey, Grey, we’re, Dornan, “, ” Dornan, Dakota Johnson, ”, E.L, James, Charlie Hunnam Organizations: CNN Locations: Grey ”

☆ At Tanglewood, the Boston Symphony Displays Its Heritage and Uncertain Future
▼ + stars: | 2023-08-15 | by ( David Allen | ) www.nytimes.com time to read: +3 min

Hints of a progressive Californian spirit were soon in evidence, as composers started appearing onstage at Symphony Hall in Boston to introduce their works, and the atmosphere began to feel more engaged. But Samuel lasted a mere 18 months, stepping down in January for reasons that are still not clear. Smith, who for a long time was the adventurous Philharmonic’s programming guru, is hugely respected, and his hiring is cause for excitement, if some trepidation. In addition, Elizabeth Rowe, the principal flutist whose distinctive, ever-so-slightly melancholy tone has defined the sound of the modern Boston Symphony, has announced that she will leave her position next year. She sued the orchestra in 2018 to secure pay equal to that of the oboist who sits to her left, John Ferrillo.

Persons: Mark Volpe, Gail Samuel, Samuel, Chad Smith, Smith, Malcolm Lowe, Lowe, Joseph Silverstein, Richard Burgin, Alexander Velinzon, Elita Kang, Tamara Smirnova, Elizabeth Rowe, John Ferrillo Organizations: Boston Symphony, Los Angeles Philharmonic, Symphony Hall Locations: Boston, Angeles, North America

☆ How the ghost of 1990s property crash returned to haunt Sweden
▼ + stars: | 2023-07-28 | by ( John O'Donnell | ) www.reuters.com time to read: +4 min

SummaryCompanies Swedish house market tumbles as rates riseSwedes dusting down 1990s blueprint to contain crisisBanks say willing to seize collateralFRANKFURT, July 28 (Reuters) - Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. At the centre of the fallout is a $13 billion property group, SBB, which borrowed to buy public property including social housing, government offices, schools, hospitals and police stations. While property doubled in value in the five years leading up to the 1990s crash, prices have since risen five-fold. Sweden's bruising experience in the 1990s, when banks seized swathes of property underpinning loans, hardened its approach and gave it a blueprint for coping with crises. Swedbank has 1 trillion crowns ($97 billion) in mortgages and loans to tenant owner associations and a further 240 billion crowns in loans to property management companies.

Persons: Jens Henriksson, Price, Karolina Ekholm, Swedbank's, Swedbank, Carl Cederschiold, Masih Yazdi, Bo Lundgren, Lundgren, John O'Donnell, Marie, Alison Williams Organizations: SBB, Sweden's, Marie Mannes, Thomson Locations: FRANKFURT, Europe, Sweden, rocketed, Stockholm, Swedish

☆ Opinion | The Case for Tourism
▼ + stars: | 2023-07-28 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Agnes Callard, a University of Chicago philosopher, infuriated various portions of the internet in June with an essay making the case against travel. Though really it was the case against tourism, since Callard exempted many forms of travel — for work or study, for personal or political reasons or charitable service — from her critique. The traveler departs confident that she will come back with the same basic interests, political beliefs and living arrangements. So I refrained from any comment on her thesis, assuming — like every other self-deluded tourist — that I would return more enlightened than before. But casting my mind back to that distant prior self, I dimly remember having two reactions to Callard’s essay.

Persons: Agnes Callard, Walker Percy, Ralph Waldo Emerson, Chesterton, Callard, Mona Lisa, ’, Percy Organizations: University of Chicago, Scottish Locations: G.K, France, Britain, Netherlands

☆ The Solo Trip: Explore at Your Own Pace
▼ + stars: | 2023-07-26 | by ( Julie Weed | ) www.nytimes.com time to read: +2 min

The freedom to explore at your own pace, open to connecting with people you meet along the way, can feel as intoxicating as a tropical breeze. But solo travel can be daunting, too, especially when problems arise. And of course, solo travelers need to keep certain safety considerations in mind. Start off easy“Keep your first trip simple,” said Carolyn Ray, who runs JourneyWoman, a website for solo travelers, and has visited more than 40 countries on her own. Find fellow nature lovers through local groups like Alaska Outdoors, in Anchorage, which organizes hikes.

Persons: ”, Carolyn Ray, Kat Fleischman Organizations: showtime, Travelers, Universal Studios Hollywood, Disney, Facebook Locations: American, Los Angeles, Orlando, Fla, Alaska, Anchorage, NSW, New South Wales, Australia

☆ Jane Birkin: An Adventurous Artist Made in England, Forged in France
▼ + stars: | 2023-07-16 | by ( Elisabeth Vincentelli | ) www.nytimes.com time to read: +2 min

In 1969, the year that “Slogan” came out, Birkin had a supporting role in Jacques Deray’s scorching, now cult thriller “La Piscine” alongside Alain Delon and Romy Schneider. Throwing yet another twist into her career is that after Gainsbourg, Birkin was in a relationship with the uncompromising filmmaker Jacques Doillon. It felt like a new Jane Birkin, inhabiting her physicality in a way that was almost dangerously unrestrained — and it earned her the first of three César Award nominations. The next year, she appeared in a Marivaux play directed by the influential Patrice Chéreau at his Nanterre theater. Despite her trepidation, her performance was a success, and Birkin continued to appear onstage, alternating, as was her wont, between boulevard fare and Euripides.

Persons: —, — Birkin, ”, Birkin, Jacques Deray’s, Alain Delon, Romy Schneider, Joe Dallesandro, Andy Warhol, Paul Morrissey, Gainsbourg, Peter Ustinov, Bette Davis, David Niven, Mia Farrow, Angela Lansbury, Jacques Doillon, Alma, Birkin’s, Andrew, Jane Birkin, Patrice Chéreau Locations: Nanterre

☆ Life at Sea's three-year cruise will get a bigger ship
▼ + stars: | 2023-07-05 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

Life at Sea Cruises is now owned and operated entirely by Miray Cruises, a company with a 30-year history of operating in the Aegean. Bigger ship, fewer guestsStaterooms on the new ship will have 20 square feet more per cabin, say Miray Cruises. Life at Sea CruisesMeanwhile, Miray says it is launching its first Life at Sea cruise in its new ship as planned in November. MV Lara will be larger than the Gemini, Kendra Holmes, CEO of Miray Cruises, told CNN. And this Miray team is accommodating to everyone – If there are concerns, they fix it, if there are ideas they put them into place.

Persons: Miray, “, Mikael Petterson, Irina Strembitsky, Petterson, Staterooms, Lara, Kendra Holmes, Holmes, ” Holmes, Cruises, Heidi Klum, AIDA Cruises, Sharon Lane, ”, ’ ”, Meredith Shay, Shay, Ingrid Warwick, “ It’ll, “ That’s, Finnbarr Webster Organizations: CNN, Sea Cruises, Cruises, Miray Cruises, Gemini, Carnival, Sea, Petterson, Vie Locations: Europe, German, “, Florida, Germany, Istanbul

REUTERS/Stringer/File PhotoSummary Fears of civil war rose in world's biggest nuclear powerMercenaries posed biggest threat to Putin in 23-year rule'Anyone with anything to lose was extremely tense' -sourceThe elite wonder: What's next for Russia? One fear was that Yevgeny Prigozhin's Wagner mercenary group, if he entered Moscow, would try to take over the economy, triggering yet another redistribution of ownership in Russia, the world's biggest supplier of natural resources. The source spoke on condition of anonymity due to the danger of speaking publicly in contemporary Russia. Russians started to withdraw significant amounts of roubles and seek foreign currency in 15 regions across Russia. But within the elite, there is now a fear that Putin will seek to assert his position and remove those he felt did not profess their loyalty with enough ardour.

Persons: Wagner, Stringer, Putin, What's, Vladimir Putin, Yevgeny Prigozhin's Wagner, Prigozhin's, Mikhail Gorbachev, Andrei Belousov, Dmitry Gusev, Alexander Lukashenko, Prigozhin, Russia's, Sergei Shoigu, Valery Gerasimov, Viktor Zolotov, Guy Faulconbridge, Mark Heinrich Our Organizations: Southern Military District, REUTERS, Reuters, Kremlin, KGB, Bolshevik, Air, Jets, General Staff, National Guard, Thomson Locations: Rostov, Don, Russia, MOSCOW, Moscow, Russian, Soviet, Ukraine, Belgrade, Istanbul, Dubai, Sochi, Belarus, Belarusian, Zolotov

[1/3] Republican U.S. presidential candidate former Vice President Mike Pence addresses The Faith and Freedom Coalition's 2023 "Road to Majority" conference in Washington, U.S., June 23, 2023. The event, which former President Donald Trump will address on Saturday, coincides with the first anniversary of the Supreme Court's landmark Dobbs decision, which overturned the 1973 Roe v. Wade ruling that had legalized abortion. Apart from Pence, the other Republican candidates did not plunge deeply into policy specifics. Florida Governor Ron DeSantis, who is second in opinion polls to the front-runner Trump, referred to a six-week abortion ban that he signed in his state earlier this year. Trump has attempted to ally himself with opponents of abortion rights, while also dodging specific questions on legislation he would or would not support.

Persons: Mike Pence, Elizabeth Frantz WASHINGTON, Donald Trump, Roe, Wade, Dobbs, underperformance, Pence, Ron DeSantis, Trump, DeSantis, Tim Scott, Janet Yellen, Asa Hutchinson, Chris Christie, Gram Slattery, Colleen Jenkins, Grant McCool Organizations: Republican U.S, REUTERS, Republican, U.S, Supreme, & Freedom Coalition, Republicans, Democrats, Arkansas, Former New Jersey, Thomson Locations: Washington , U.S, Washington, Iowa, South Carolina, Florida, U.S

☆ Sierra Leone prepares for a tense election
▼ + stars: | 2023-06-23 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsSierra Leone prepares for a tense electionPostedSome election-related violence has created a sense of trepidation in Sierra Leone as people prepare to vote in a presidential election on Saturday, amid frustrations over the economy. David Doyle has more.

Persons: David Doyle Organizations: Sierra Locations: Sierra Leone

☆ Opinion: ‘I believe there was peace’ at the end of Titan’s doomed final voyage
▼ + stars: | 2023-06-22 | by ( Opinion Mike Reiss | ) edition.cnn.com time to read: +6 min

Finding a sub once it’s lost is like dropping a quarter into Lake Erie and hoping to get it back. And the passengers on the Titan weren’t thrill-seekers — they weren’t skydivers or rich tourists who climbed Mount Everest so they could brag about it. There’s a toilet onboard, and it’s never been used.” And that turned out to be the case. I quickly became aware that we were in the middle of a crisis: We were lost on the ocean floor. But with this comforting thought, of course, comes sadness — for the passengers, for their families, for the dreams of the Oceangate sub company.

Persons: Mike Reiss, CNN —, Mike Reiss Tim P, —, Mount, I’ve, it’s, “, Oceangate, ”, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Sulaiman Dawood, Rush, we’ve Organizations: CNN, Titan, Whitby, Stockton Rush, Twitter, Facebook, Sherpa Locations: Lake Erie, Iran, Iraq, North Korea, British, French

☆ The Outsize Genius of ‘I’m a Virgo’
▼ + stars: | 2023-06-19 | by ( Phillip Maciak | ) www.nytimes.com time to read: +2 min

One of Cootie’s first rebellions is his insistence on trying a Bing Bang Burger, whose comically unappealing commercials he sees constantly on TV. It is fastidiously, hilariously committed to the bit, constantly doubling down on the logistics of Cootie’s bigness. “I’m a Virgo” comes on the heels of a few ingenious experiments in TV surrealism, from “Atlanta” to “Undone” to the recent farce “Mrs. Its fantastical concept works in metaphor just the same way it works in fact, as it reminds us with proud bluntness. “I’m a Virgo” is a visual and ideological counterpoint to all this.

Persons: Burger, Cootie, Jharrel Jerome, hilariously, “, Davis, Riley, Felix, ”, ” Felix Organizations: “ Atlanta, Marvel Locations: “, .

☆ Here's what an overbought market and endless negativity tell me to do this week
▼ + stars: | 2023-06-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

There are too many articles and postings about how we are overdoing artificial intelligence, and how there's not enough substance to justify recent market moves. Still, I am worried about this week because for the first time in a bit I think we need to do some serious digesting. Given the market is officially overbought, I think I will wait until we have a couple of days down before it's worth pulling the trigger. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: That's worrisome, Joe Biden's, Campbell, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Nasdaq, Nvidia, Microsoft, Google, Oracle, Broadcom, Marvell, Research, Federal Deposit Insurance Corporation, Walmart, Costco, Adobe, Strategic Petroleum Reserve, Federal Reserve, CNBC

☆ Meet the First Woman to Sail the ‘Voyage for Madmen’
▼ + stars: | 2023-06-14 | by ( Lauren Sloss | ) www.nytimes.com time to read: +2 min

But ironically, those moments weren’t because of heavy weather, they were because of a total lack of wind. It’s often said by sailors that the most difficult moments are the calms, because when you are experiencing heavy weather, you’ve got something to keep you busy. I assume that was more challenging during the calm periods, but in general, it’s a long time to be alone. Eight months is a very long time to be in one place — you’re moving, but the place you’re in is the same. It felt like trying to summit a mountain: This is the summit and from here on it’s the descent.

Persons: It’s, you’ve, it’s, I’d, you’d, I’ve, ”

☆ One of Ukraine's new, US-equipped 'Storm' brigades was spotted in the east
▼ + stars: | 2023-06-13 | by ( Adrian Bonenberger | ) www.businessinsider.com time to read: +7 min

The fate of Ukraine's counter-offensive depends on how effective its brigades are in taking and holding territory. A June video showed Ukrainian armored vehicles driving across a field, targeted by artillery and mines. It claimed to prove that the Ukrainian counteroffensive for which so many had such high hopes was foundering. One of them confirmed that the unit engaged was, in fact, the unit that I had trained, reconnaissance soldiers with the 31st Separate Mechanized Brigade. Training units at the squad and platoon level in urban movement, and close-quarters battle, or CQB, I had the impression some of them might be used to assault, instead of to reconnoiter.

Persons: Ukraine's, —, Adrian Bonenberger, Long, Bakhmut, It's, they're Organizations: Service, Mechanized Brigade, Ukraine's Ministry of Defence, MoD, Twitter, Separate Mechanized Brigade Locations: Ukrainian, Russian, Russia, Ukraine's, Ukraine, Bakhmut, reconnoiter, U.S

☆ Vegas Golden Knights Win the Stanley Cup in Just Their Sixth Season
▼ + stars: | 2023-06-13 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

The Vegas Golden Knights, born out of trepidation, tragedy and ultimately triumph, won their first Stanley Cup in just their sixth season, beating the Florida Panthers, 9-3, at T-Mobile Arena in Las Vegas on Tuesday. The Knights, the top seed in the Western Conference, used a high-speed, sharp-elbowed attack to overwhelm the Panthers, the eighth seed in the Eastern Conference, in five games. The Knights were making their second appearance in the finals, the same as the Panthers. (The Oilers played seven seasons in the World Hockey Association before joining the N.H.L.) “This team has been unbelievable since the beginning.”

Persons: “, Jonathan Marchessault, ” Organizations: Vegas Golden Knights, Stanley, Florida Panthers, Mobile, Knights, Western Conference, Panthers, Eastern Conference, Edmonton Oilers, Oilers, World Hockey Association, Vegas ’ Locations: Las Vegas, Vegas

Brands fearful of right-wing backlash are discussing scaling back their Pride Month activities. Right-wing media personalities have declared a "war on woke," with The Daily Wire's Matt Walsh recently rallying his Twitter followers to "make 'pride' toxic for brands." This month, the LGBTQ+ dating app Taimi initiated an ad campaign that included billboards in states including Florida, Oklahoma, Texas, and others. Those billboards were largely on privately-owned farmland and most of the landowners rejected Taimi's ad campaign, many requesting "no nudity" in the images. The North Face, which debuted its "Summer of Pride" ad campaign starring drag queen Pattie Gonia late last month, is holding firm.

Persons: Bud Light, Matt Walsh, Ross Martin, Martin, Bud Light's, influencer Dylan Mulvaney, Hannah Lewman, Pattie Gonia, rightwing firebrands, Amy Luca, Media.Monks, Brian Stout, It's, We've, Dean Crutchfield, Crutchfield, Mark Borkowski, I've, Mekanism's, There's, Benjamin Cohen Organizations: Target, Daily, Brands, Partners, Gay and Lesbian Alliance, Defamation, Pink Locations: Florida , Oklahoma , Texas, Taimi's

☆ Experts are warning A.I. could lead to human extinction. Are we taking it seriously enough?
▼ + stars: | 2023-05-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” said the letter, signed by many of the industry’s most respected figures. These industry leaders are quite literally warning that the impending A.I. revolution should be taken as seriously as the threat of nuclear war. It is, however, precisely what the world’s most leading experts are warning could happen. researcher at Duke University, told CNN on Tuesday: “Do we really need more evidence that A.I.’s negative impact could be as big as nuclear war?”

Persons: Sam Altman, Demis Hassabis —, ”, Dan Hendrycks, Robert Oppenheimer, ‘, ’, ” Hendrycks, Newsrooms, Cynthia Rudin Organizations: CNN, Google, Center, A.I, Duke University

[1/2] An election campaign billboard of Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, with a slogan that reads "Syrians will go! ", is pictured, ahead of the May 28 presidential runoff vote, in Istanbul, Turkey, May 25, 2023. "Most Syrians now feel as if the course of their entire lives depends on the results of the elections," he lamented. Like other regional leaders, Erdogan is also mending fences with Assad, raising the possibility of a rapprochement that could worry many Syrians in Turkey. He recounted an incident when a friend was robbed but feared he would be assaulted if he went to the police to illustrate the precarious position many Syrians feel themselves to be in in Turkey.

☆ VMware employees are increasingly concerned over Broadcom's pending $61 billion acquisition, predicting spinouts of business units, layoffs, and lost customers
▼ + stars: | 2023-05-26 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +14 min

Broadcom and VMware announced the $61 billion deal last year and recently pushed back the deadline as it undergoes regulatory scrutiny. Insider spoke with one former and four current VMware employees about the changes they expect to face once they are owned by the chipmaker Broadcom. A VMware spokesperson said in a statement that after the deal closes, VMware customers will obtain "more choice and flexibility" in managing their IT needs, especially across multiple cloud-computing services. Executives leaving VMwareVMware has lost several key executives since the Broadcom deal was announced (including several defecting to VMware's archrival Nutanix). "Nonetheless, I've continued to see questions in press reports about whether we intend to raise prices on VMware products.

Persons: —, Sanjay Poonen, Patrick Morley, haven't, Robert Ruelas, EUC, Kit Colbert, hasn't, Zane Rowe, Tom Gillis, Mark Lohmeyer, Ajay Patel, Kal, Karen Egan, Tom Kellermann, Raghu Raghuram, Hock Tan, Colbert, Tan, Hock E, Lucas Jackson, I've Organizations: VMware, Employees, Broadcom, SEC, Carbon, Symantec, Workers, Tech, VMware hasn't, VMware Employees, VMware VMware, Nutanix, Raghuram, Reuters

Walking away, President Joe Biden wrapped his arm around Zelensky’s shoulders. None of the G7 leaders are particularly popular at home, even as they produce results abroad. After all, it was Trump who had argued over dinner at the 2019 G7 summit in Biarritz, France, that Russia should be allowed back into the group. That level of chaos was nowhere to be found in Hiroshima this past week, when leaders appeared to generally like each other. Even before Biden left for the G7 summit, the stalemate over raising the federal borrowing limit prompted a scramble to rearrange the president’s engagements so he could return to Washington early.

☆ Tech pushes Nasdaq higher, dollar climbs on solid data, debt ceiling progress
▼ + stars: | 2023-05-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Investors were closely monitoring the debt ceiling negotiations in Washington for signs that Democrats and Republicans might be inching closer to a deal. Optimism about debt ceiling talks ebbed and flowed, with hopes for a deal that avoids a catastrophic default. European stocks closed higher and the German DAX rose to its highest level since January 2022 on optimism about the U.S. debt ceiling talks. The greenback extended its ascent against a basket of world currencies, reaching a seven-week high, powered by the economic data and debt ceiling hopes. Gold moved in opposition to the dollar, with the precious metal losing some luster as the economic data lowered the likelihood of a Fed rate cut before year-end.

☆ Charles Schwab's director of trading shares the 3 key factors to look for when picking stocks in 2023 — but says investors may be better off buying bonds
▼ + stars: | 2023-05-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

He shares three key factors investors should look for when buying stocks in 2023. But in fact, investors may actually be too optimistic right now, according to Joe Mazzola, Charles Schwab's director of trading and education. At this point, Mazzola believes it's pretty clear the Federal Reserve is planning to pause its rate-hiking cycle in June. One key metric Mazzola tracks is the earnings yield spread, or earnings divided by asset price — the inverse of the more widely followed price-to-earnings ratio. Fundamentally, the earnings yield shows an investor how much they're paying for potential earnings, Mazzola explained.

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