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Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.
Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, , Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine
While it offered few clues on how to tackle economic difficulties, the meeting did provide further insight into a shake-up of high-level personnel over the past year. If past sessions are a guide, a more detailed report may be released in the following days, but for now, “the plenum communique is light on specifics,” Evans-Pritchard added. That came days after China released disappointing economic data for the second quarter of this year. Analysts say that the coming months could offer more details on how Xi plans to revive the economy. Emphasizing short-term economic policies is rare in the history of the third plenums, said Larry Hu, chief China economist for Macquarie Group.
Persons: Hong Kong CNN — China’s, Xi Jinping, Xi, , Julian Evans, Pritchard, Qin, Li Shangfu, Li Yuchao, Jinming, Evans, , ” Evans, Mao, Larry Hu Organizations: Hong Kong CNN, Communist Party, Capital Economics, Central, Defense, Liberation Army Rocket Force, of America, National Bureau, Statistics, Analysts, Macquarie Group Locations: Hong Kong, party’s, Beijing, China, policymaking, outflows, United States, Mao China
Secretary of State Antony J. Blinken and the national security adviser, Jake Sullivan, said on Friday that an agreement to free hostages held in Gaza and establish a cease-fire was close, as administration officials prepared for what they expected to be a tense visit to Washington next week by Israel’s prime minister, Benjamin Netanyahu. Mr. Blinken, speaking at the Aspen Security Forum in Colorado, said that the talks were “inside the 10-yard line.” Hours later at the same conference, Mr. Sullivan said there was no expectation that an agreement would be reached before Mr. Netanyahu addressed a joint session of Congress on Wednesday, a speech some American officials fear could throw up new obstacles to an agreement with Hamas. Mr. Sullivan said Mr. Biden would “focus his energy” in his meetings with Mr. Netanyahu “to get this deal done in the coming weeks.”“We are mindful that there remain obstacles in the way,” Mr. Sullivan said, “and let’s use next week to try to clear through those obstacles.”
Persons: Antony J, Blinken, Jake Sullivan, Israel’s, Benjamin Netanyahu, Sullivan, Netanyahu, Biden, Netanyahu “, , ” Mr Organizations: Aspen Security, Mr Locations: Gaza, Washington, Colorado
Carol Burnett shares time capsule tribute to Bob Newhart
  + stars: | 2024-07-19 | by ( Dan Heching | ) edition.cnn.com   time to read: +7 min
Sid Avery/MPTV/Reuters Newhart poses as an addled accountant at an adding machine for a promotional photo of "The Bob Newhart Show." Allan Grant/The LIFE Picture Collection/Getty Images Newhart appears in a supermarket sketch during an episode of "The Bob Newhart Show" in 1961. Herb Ball/NBCU Photo Bank/Getty Images Newhart performs on the set of "The Bob Newhart Show." CBS/Getty Images Newhart counsels a clown about his problems in a 1972 episode of "The Bob Newhart Show." Walt Disney Television/Getty Images Newhart takes direction from Dick Martin, right, during a scene for "The Bob Newhart Show" in 1977.
Persons: Bob Newhart, Carol Burnett, , Bob, ” Burnett, Newhart, Jon Favreau, “ Bob Newhart, ” Favreau, , Johnny Galecki, Mayim Bialik, ” Bob Newhart, Alex Welsh, Nat, King, Cole, Frank Sinatra, Harry Belafonte, Michael Ochs, Ed Sullivan, Sid Avery, MPTV, Reuters Newhart, Allan Grant, Herb Ball, Julian Wasser, Norman Fell, Johnny Carson, Frank Carroll, Bob Hartley, Ed McMahon, Suzanne Pleshette, Emily, Gene Wilder, Dick Martin, Ginnie, Robert, Timothy, Jennifer, Courtney, Ron Galella, Dick Loudon, Will Ferrell, Spencer Green, Conan O'Brien, Paul Drinkwater, NBCU, Bill Nye, Monty Brinton, Scott Kirkland, Emma McIntyre, ” Newhart, Paul Feig, ” Feig Organizations: CNN, New York Times, Michael Ochs Archives, CBS, Reuters, Bank, Getty, Paramount Pictures, NBCU, Hulton, Bettmann, Walt Disney Television, Everett, Academy of Television Arts & Sciences, Newhart, Hollywood Locations: , Los Angeles, Chicago, Cypress Gardens , Florida, Vermont
Index funds are a type of investment vehicle aiming to match the returns of a specific market index. "Index funds generally benefit an investor by providing diversification and relatively low fees compared to actively managed funds. Decide which index funds to invest inNow it's time to decide which index funds you want to invest in. "In this scenario, the investor would research the universe of index funds available and purchase the funds they'd like to own." Index fund investing FAQsHow do I buy an index fund on my own?
Persons: Warren Buffett, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Independence, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Chevron
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket internals are 'very healthy', says Evercore ISI's Julian EmanuelJulian Emanuel, Evercore ISI senior managing director, joins 'Closing Bell Overtime' to talk positioning portfolios in the event of a democrat or republican win in November.
Persons: Evercore ISI's Julian Emanuel Julian Emanuel
Doug Burgum of North DakotaThis is false. The Biden administration has imposed regulations to cut planet-warming greenhouse gas emissions from fossil fuels, but there has not been a war on energy. Oil production has hit record highs under the Biden presidency, and the administration has approved more drilling permits for wells on federal lands than under President Donald J. Trump. At the same time, it is pumping billions of federal dollars into developing new sources of power including wind, solar, geothermal, hydrogen and nuclear energy. But it is unclear how stark that impact would be.
Persons: Doug Burgum, Biden, Donald J Organizations: Gov, Trump, Resources Locations: North Dakota, Washington
Stock futures were quiet on Thursday evening as Wall Street looked to stabilize after a slide for equities. S&P 500 futures ticked up 0.2%, while Nasdaq 100 futures added 0.3%. The S&P 500 and Nasdaq Composite fell 0.78% and 0.70%, respectively. The S&P 500 and Nasdaq Composite are down 1.26% and 2.87%, respectively, heading into Friday. That divergence has been encouraging to some Wall Street pros who had worried that the market rally was becoming too dependent on a handful of massive tech stocks.
Persons: Dow, Julian Emanuel, we've, we're, Donald Trump, Joe Biden Organizations: Dow Jones, Nasdaq, Investors, Express, Travelers, Comerica, Fifth, Republican National Convention
The End of a Strategic Deployment
  + stars: | 2024-07-16 | by ( Julian E. Barnes | ) www.nytimes.com   time to read: +1 min
As the aircraft carrier Dwight D. Eisenhower sailed toward Norfolk Harbor, a small cargo plane landed on the flight deck amid swirling wind and rain. After the plane jerked to a halt, Jake Sullivan, the national security adviser, and top Navy officials disembarked. While the sailors cheered, the chief of naval operations recounted the strike group’s achievements. The Eisenhower set sail from Norfolk a week after the Oct. 7 terrorist attacks in Israel, and its six-month deployment had been extended three times. Image The national security adviser, Jake Sullivan, spoke to sailors aboard the Eisenhower on Saturday.
Persons: Dwight D, Eisenhower, Jake Sullivan, Julian E, Barnes, Sullivan, Biden Organizations: ., The New York Times, Oval Locations: Norfolk, Israel
A C-130 Hercules aircraft undergoes scheduled maintenance in a hangar at Robins Air Force Base. A C-130 flies above Robins Air Force Base in Georgia. US Air Force photo by Jamal D. SutterRetired Col. J.F. Advertisement"He was dedicated to what he did," Michael Lohrey said. When asked whether Fisher's arrest feels like justice at all, Michael Lohrey said, "Absolutely not."
Persons: , Michael, Teresa Lohrey, Ryan Lohrey, Military.com, Teresa, We're, James Michael Fisher, Fisher, Joseph Mather, Kelsey McCarty, McCarty, Greg Feith, Jamal D, Sutter, J.F, Joseph, Caine, Sean E, Mark, Brendan C, Johnson, Joshua M, Snowden, Julian M, Owen J, Lennon, Cpl, Daniel I, Collin J, Schaaff, Robert H, Cox, William J, Chad E, Jenson, Talon, Leach, Joseph J, Murray, Dietrich, Michael Lohrey Organizations: Service, KC, 130T, Marines, Business, Air Force, Robins Air Force Base, US Air Force, Aviation, National Transportation Safety, Marine Corps, Lohrey, Elliott, Hopkins, Staff Locations: Mississippi, Georgia
Follow live coverage as Barbora Krejcikova and Jasmine Paolini face off in the women’s final at Wimbledon todayWIMBLEDON — Novak Djokovic and Carlos Alcaraz are at opposite ends of their careers. Alcaraz beat Djokovic in last year’s final in five sets (Charlotte Wilson/Offside via Getty Images)Alcaraz won the French Open five weeks ago. On June 5, 25 days before the start of the tournament, Djokovic had surgery on a torn medial meniscus in his right knee. He beat Francisco Cerundolo, a clay court standout going through the same transition, then lost handily to Jack Draper of Britain. (A few days of celebrating his maiden French Open title in Ibiza might have had something to do with it.)
Persons: Krejcikova, Jasmine Paolini, WIMBLEDON — Novak Djokovic, Carlos Alcaraz, Alcaraz, Daniil Medvedev, Lorenzo Musetti, Djokovic, Charlotte Wilson, , Roland Garros, Rod Laver, Bjorn Borg, Rafael Nadal, Roger Federer, Margaret Court, Evonne Goolagong, Billie Jean King, Chris Evert, Martina Navratilova, Serena Williams, Steffi Graf, Emmanuel Dunand, I’m, Medvedev, , shouldn’t, , Ben Stansall, ” Medvedev, ” Dominic Thiem, Federer, Nadal, Francisco Cerundolo, Jack Draper of, Andrej Isakovic, Tommy Paul, ” Paul, ” Djokovic, “ He’s, didn’t, Tara, Musetti, Julian Finney, Alex de Minaur Organizations: Wimbledon, WIMBLEDON, Court, Getty, Djokovic, Games, Athletic, Queen’s Club, All England, Serbian, All England Club Locations: Wimbledon, AFP, London, Ibiza, Queen’s, Spain
After two weeks of intense battles between Hamas militants and Israeli troops in the Gaza City neighborhood of Shajaiye, residents and rescue workers combed through the wreckage on Friday, a landscape of flattened buildings strewed with dozens of bodies. “The scale of destruction is immense.”More than nine months into the war in Gaza, Israeli troops are returning to areas they had previously conquered and encountering strong resistance from Hamas fighters. The offensive in Shajaiye was part of a wider Israeli effort to clamp down on a renewed Hamas insurgency in Gaza City, the military said. And Israel said on Friday that it had “eliminated” the deputy commander of Hamas’s Shajaiye Battalion, Ayman Showadeh. He had been “a key operative” at the group’s operations headquarters and had been involved in directing the Oct. 7 Hamas-led attack that set off the war in Gaza, Israel said.
Persons: , Karam Hassan, Israel, Hamas’s, Ayman Showadeh Organizations: Hamas Locations: Gaza City, Shajaiye, Gaza, Israel
For nearly two decades, Hamas has been in charge of governing Gaza, overseeing its border crossings, schools and hospitals. But after nine months of a ruinous war with Israel, the militant group is now expressing readiness to give up civilian governance in Gaza, albeit without dismantling its military wing. The overture by Hamas, while most likely a nonstarter for Israel, is meant to signal to the international community Hamas’s apparent readiness to make some concessions to enable the rebuilding of Gaza. It also arrives against the backdrop of ongoing cease-fire negotiations, in which Hamas has shown some flexibility on the language in a proposed deal. “First and foremost, we want the Palestinian people in Gaza to recover from this war,” Husam Badran, a senior Hamas official, said in an interview at an unmarked building in the Qatari capital, Doha.
Persons: Husam Organizations: Hamas Locations: Gaza, Israel, Doha
Some American officials have grown more optimistic that a deal to release Israeli hostages held in Gaza in return for a cease-fire is at hand. But people briefed on the talks say it will be days until it is clear whether a breakthrough has been achieved because of difficulties in communication between Hamas officials in Qatar and the group’s leaders in Gaza. Other officials said that previous moments of hope about an agreement had been dashed by both the Israeli prime minister, Benjamin Netanyahu, and Hamas. “There’s still miles to go before we close if we are able to close,” Mr. Sullivan told reporters on Thursday. I’m determined to get this deal done and bring an end to this war which should end now.”
Persons: Benjamin Netanyahu, Jake Sullivan, , ” Mr, Sullivan, it’s, Biden, Organizations: White House, NATO, Washington , D.C Locations: Gaza, Qatar, Washington, Washington ,
Scientists say that this measurement, known as excess deaths, can provide a truer indication of the toll and scale of conflicts and other social upheaval. And Israel has not permitted researchers to enter the enclave since the start of the war last October. Credit... Bashar Taleb/Agence France-Presse — Getty ImagesIn an interview, Mr. Spagat cited other reasons to be cautious when discussing excess deaths in Gaza. Around 9,000 deaths have been directly attributed to the war since then by Gaza’s health ministry. The subject of excess deaths is sensitive because it touches on the collateral cost of Israel’s war against Hamas.
Persons: Elad Goren, Salim Yusuf, , Michael Spagat, Khan Younis, Bashar Taleb, Spagat, Zeina, Gabby Sobelman Organizations: Gaza Health Ministry, COGAT, Royal Holloway College, University of London, ., Agence France, Johns Hopkins University, London School of Hygiene, Medicine, Hamas Locations: Israel, Gaza, Britain, Canada, Khan, epidemiologists
The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. While the average year-end S&P 500 price target is 5,429, according to data from Bloomberg, the median year-end price target is 5,600. Yardeni Research: S&P 500 price target of 5,800Yardeni Research raised its year-end S&P 500 price target to 5,800 from 5,400 this week. Goldman Sachs: S&P 500 price target of 5,600Goldman Sachs strategist David Kostin boosted his S&P 500 price target to 5,600 from 5,200 last month. UBS: S&P 500 price target of 5,600UBS raised its S&P 500 price target to 5,600 from 5,400 in May, and that's after the bank raised its price target in February.
Persons: , Julian Emanuel, Emanuel, they're, Oppenheimer, John Stoltzfus, Stoltzfus, Eric Wallerstein, Wallerstein, Ned Davis, Ed Clissold, Goldman Sachs, David Kostin, Kostin, Jonathan Golub Organizations: Wall, ISI, Service, Bloomberg, CNBC, Security, Yardeni, Research, Federal Reserve, Ned Davis Research, UBS, Chicago, & $ Locations: bearish
American intelligence agencies uncovered a Russian plot to kill the chief executive of a German weapons manufacturer, according to multiple Western officials, as Moscow steps up a campaign to undermine support for Ukraine’s war effort. The United States warned Germany about the plot, and German officials increased protection for Armin Papperger, who leads Rheinmetall, which makes artillery shells and tanks that Ukraine has used in its war against Russia. The assassination plot is a significant escalation, officials said, representing a more concerted covert effort to deter Western companies from producing supplies for Ukraine. A senior Western intelligence official said that the threats were flagged this past spring. The officials spoke on the condition of anonymity to discuss the Russian operation.
Persons: Armin Papperger, Papperger Organizations: United, Rheinmetall, Russia, NATO Locations: Moscow, United States, Germany, Ukraine, Western
CNN —Lionel Messi helped guide Argentina to this year’s Copa América final after scoring in his nation’s 2-0 win against Canada in the semifinals on Tuesday. It means Argentina has now reached the Copa América final in six of the previous eight tournaments, with this being its second in row – the South American side won the 2021 title. It is not easy to be in a final again, to compete again to be champions,” Messi told TyC Sports after the match, per Reuters. Messi, possibly playing at his final Copa América for Argentina, then started finding his stride and went close twice before the end of the first half. Canada is now the 38th team that Lionel Messi has scored against while playing for his country, per Opta.
Persons: Lionel Messi, Julián Álvarez, , ” Messi, TyC, Jesse Marsch, Jacob Shaffelburg, Álvarez, Sarah Stier, Ballon d’Or, Enzo Fernández’s, Maxime Crépeau, it’s, ” Marsch, we’ve Organizations: CNN, Copa América, Canada, American, TyC Sports, Reuters, Messi, Inter Miami Locations: Argentina, Uruguay, Colombia, Sunday’s, Miami Gardens , Florida, Canada, Sunday's, Mexico
The United States and its NATO allies have agreed that Ukraine should have an “irreversible” path to membership in the alliance and are enshrining the phrase in a document to be released during this week’s summit in Washington, U.S. and allied officials say. While there is no consensus yet about Ukraine joining NATO, the strengthened language would show that there is movement in that direction. The United States was once deeply skeptical about whether Ukraine was ready to become a member, and while questions remain, more and more American and European officials believe that the country will eventually be able to join. Officials say there could always be a last-minute change before the document is released, but that the member nations had reached broad agreement in recent days. But it should be welcomed by Ukrainian officials who have been pushing for language along the lines of “irreversible,” they say.
Organizations: NATO Locations: States, Ukraine, Washington , U.S, United States
President Volodymyr Zelensky of Ukraine arrived in Washington on Tuesday with words of gratitude and praise for American support, and pleas for more weapons and fewer restrictions on using them in his country’s war against Russia. Mr. Zelensky credited American missiles — and permission to fire them across the border into Russia — with helping his forces hold off an attack on the city of Kharkiv, stopping a Russian offensive this spring. But he asked for other restrictions to be lifted, so that Ukraine could fire at Russian military bases hundreds of miles inside Russia to destroy aircraft that fire weapons and drop bombs that he said were killing civilians and children. With more American assistance, he said, Ukraine can continue to strike against Russian targets in Crimea and help “push the occupiers” out of the southern part of the country.
Persons: Volodymyr Zelensky, Zelensky, Organizations: Russian Locations: Ukraine, Washington, Russia, Kharkiv, Crimea
A home destroyed by Hurricane Beryl bakes in the midday sun on Monday off Blue Water Highway in Surfside Beach. At least six people have died in Texas and one in Louisiana as a result of Hurricane Beryl, as a huge clean-up and restoration operation gets underway to reconnect 2.3 million energy customers who lost power during the storm's disastrous procession through the state. A 53-year-old man and a 74-year-old woman both died when trees fell onto their homes in separate incidents in Harris County, Texas, police said. Beryl has since been downgraded to a tropical depression, but more than 21 million people from Arkansas to Michigan were under flood watches Tuesday morning as it continues to moves northeast. At least six people died in Texas as a result of the storm after it made landfall on Monday as a Category 1 hurricane with sustained wins speeds of 80 mph.
Persons: Hurricane Beryl bakes, Hurricane Beryl, Russell Richardson, Sheriff Julian Whittington, Beryl Organizations: Montgomery County Emergency Management, Magnolia . Houston Police Department, Sheriff, Facebook, National Weather Service Locations: Surfside Beach, Texas, Louisiana, Hurricane, Harris County , Texas, Montgomery County, Magnolia ., Bossier Parish , Louisiana, Shreveport, Arkansas, Michigan
As NATO leaders gather in Washington starting Tuesday, they will celebrate the strength of their alliance on its 75th anniversary while confronting deep uncertainty about its future. In recent years, Russia’s aggression against Ukraine has given NATO, founded after World War II to defend Europe from the Soviet Union, a renewed sense of purpose. But the alliance also faces grave threats, including from right-wing skeptics who are gaining power in nations such as Germany and France. Here’s what to watch for during the three days of NATO meetings in Washington this week. Staring Down PutinPerhaps the summit’s most important goal will be sending a signal of unity and strength to Moscow.
Persons: Donald J, Trump, Down Putin Organizations: NATO, White Locations: Washington, Ukraine, Soviet Union, Germany, France, United States, Moscow
On Today’s Episode:U.S. Officials Say Russia Is Unlikely to Take Much More Ukrainian Territory, by Julian E. Barnes and Eric SchmittBiden Says He Is ‘Firmly Committed’ to Staying in the Race, by Michael D. ShearParkinson’s Expert Visited the White House Eight Times in Eight Months, by Emily Baumgaertner and Peter BakerFollowing Trump’s Lead, Republicans Adopt Platform That Softens Stance on Abortion, by Maggie Haberman, Shane Goldmacher and Jonathan Swan
Persons: Julian E, Barnes, Eric Schmitt Biden, , , Michael D, Emily Baumgaertner, Peter Baker, Maggie Haberman, Shane Goldmacher, Jonathan Swan Organizations: Officials Locations: Ukrainian Territory
The Justice Department said on Tuesday that it had moved to disrupt a covert Russian influence operation that used artificial intelligence to spread propaganda in the United States, Europe and Israel with the goal of undermining support for Ukraine and stoking internal political divisions. In affidavits released with the announcement, officials with the Justice Department, the F.B.I. and the Pentagon’s Cyber National Mission Force linked the effort to Russia’s Federal Security Service and RT, the state television network that has channels in English and several other languages. The disclosure of such a large, global network of bots confirmed widespread warnings that the popularization of rapidly developing A.I. tools would make it easier to produce and spread dubious content.
Organizations: Ukraine, Elon, Justice Department, Force, Federal Security Service Locations: Russian, United States, Europe, Israel, Canada, Netherlands, Ukraine
Headed into Tuesday’s semifinal against Canada, Messi had gone four games without finding the back of the net, including a failed Panenka in a penalty kick shootout against Ecuador in the quarterfinal. The Athletic was at the match to dissect the key plays…How did Messi score his first goal of Copa America 2024? Argentina’s second goal started with a Messi burst into the Canada penalty area. Messi is now onto 109 goals by scoring his first goal of this summer’s Copa America to double the Argentine lead against Canada. Messi, 37, is 21 goals behind the record holder, his great rival, the Portuguese Cristiano Ronaldo who has 130 goals.
Persons: Paul Tenorio, Felipe Cardenas, Joshua Kloke, Adam Crafton Lionel Messi, Messi, Enzo Fernandez, Maxime Crépeau, Julian Alvarez, Lautaro Martinez, Canada’s Stephen Eustáquio, Rodrigo De Paul, Koné, Messi opportunistically, Li, sy, c. J, Jo Organizations: Canada, Ecuador, Copa America, MetLife, Canadian, Copa, Australia, Qatar, MESSI, AMERICA, eads Locations: Argentina, New Jersey, Canada
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