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☆ Ron DeSantis was offered a participation trophy for his presidential campaign
▼ + stars: | 2024-01-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewIt's not every day you shrug off a man trying to hand you an award, but that's exactly what Ron DeSantis found himself doing on Saturday at a campaign event in Iowa. Before DeSantis could begin a speech to voters holding their GOP caucus on January 15, a prankster interrupted to present the Florida governor with a "participation trophy" for his long shot presidential campaign. DeSantis, I want to present to you this participation trophy," Davram Stiefler of the prankster duo "The Good Liars" said, eliciting laughter from the crowd. AdvertisementRon DeSantis receives a participation trophy with campaigning in Atlantic, IA. Stiefler and representatives for the DeSantis campaign did not immediately respond to requests for comment from Business Insider.

Persons: —, Ron DeSantis, DeSantis, Casey, motioned, Stiefler, Wayne LaPierre, Vivek Ramaswamy, Jason Selvig, Ramaswamy Organizations: Service, Business, NRA, Biden, Trump, USA Locations: Iowa, Florida, Atlantic, Ankeny , Iowa

☆ I visited Starbucks in Switzerland, where the coffee chain has some of the highest prices in the world. It was so basic.
▼ + stars: | 2024-01-07 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

That said, this café apparently sold the highest-priced Starbucks menu item globally in 2022. You might ask yourself: What luxurious, decadent, brightly colored, hyper-flavorful, blended monstrosity could be the most expensive Starbucks menu item in the world? AdvertisementBehold, the most expensive Starbucks menu drink worldwide as of 2022! The study found the world's second-most expensive Starbucks menu item was Denmark's chocolate-cream Frappuccino, which sounds unique and interesting. I also splurged on cold brew and found it to be inconsistentI tasted the cold brew black, then added oat milk the way I like it.

Persons: —, Morgan McFall, Johnsen, CashNetUSA, It's Organizations: Service, Business, Zurich Starbucks Locations: Switzerland, Europe, Zurich

☆ An options hedge on the stock market if the Santa rally fails to continue
▼ + stars: | 2023-12-21 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Then we'll review what I think will happen into year end and a possible market hedge idea. FedEx gave us a sense of how things are looking when they reported earnings Tuesday evening, and it wasn't good. We got all of them out of FedEx earnings, they hit a dinger, in a bad way, which disappointed the Street to say the least. Market downside reversal I was surprised when, after dipping slightly on the open the Dow Jones Industrial Average rallied mildly. Hedge The S & P 500 SPDR Trust (SPY) January $460 puts were $2.98 as of the close Wednesday.

Persons: we'll, Charles Dow, Ken Hoexter, Raj Sumbramaniam, I'm, Goldman Sachs, Apple isn't, Santa Claus, Today's Organizations: FedEx, The, Journal, Bank of America, Dow Jones Industrial, Depot, Caterpillar, Boeing, Honeywell, Nasdaq, Apple, Bollinger, FDX Locations: Tuesday's, Santa

Last Friday provided a split-screen view of the markets and the Federal Reserve. “Indeed, we look for the return of striking workers to add nearly 45K jobs to November’s payrolls. Wednesday brings the first measure of the November job market when private payroll firm ADP releases its monthly survey of employers. October came in at 150,000, a drop from the recent trend of around 200,000 jobs added per month. Consequently, we expect the post-meeting statement will keep the door open to the possibility of additional tightening this cycle.

Persons: Jerome Powell, Powell, ” William Blair, Richard de Chazal, that’s, de Chazal, –, payrolls, “, Sam Bullard, November’s, Bullard, Wells Fargo Organizations: Federal Reserve, Spelman College, “, Futures, United Auto Workers, UAW, Hollywood, Wells, Labor

☆ Elon Musk, the world’s richest man remains, desperate for attention
▼ + stars: | 2023-11-30 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Elon Musk desperately wants to be liked, despite his pronouncement Wednesday that he doesn’t mind being hated. The sentiment is, like so much of Musk’s public persona, a lie designed to keep the public’s focus squarely on him. Watching the interview, even online, you can feel the awkward energy of that moment — cringeworthy for some, but seemingly invigorating for Musk. On Wednesday, Musk sought to shrug off his most recent anti-Jewish post as a “foolish” mistake that got misinterpreted by the media. Musk clearly has “a fairly straightforward case of internet brain rot,” as the Atlantic writer Charlie Warzel put it in a Threads post.

Persons: New York CNN — Elon Musk, “, ”, Andrew Ross Sorkin, Musk, Rich Guy, White, —, shrug, Charlie Warzel Organizations: New, New York CNN, New York Times DealBook, New York Times, Whites Locations: New York, California, Eastern Europe, Israel, Atlantic

☆ ‘May December’ Review: She’ll Be Your Mirror
▼ + stars: | 2023-11-30 | by ( Manohla Dargis | More About Manohla Dargis | ) www.nytimes.com time to read: +2 min

Even the evening has an inviting velvetiness, as if all of life’s shadows have been banished. They meet when a TV actress, Elizabeth (Natalie Portman), visits Gracie (Julianne Moore), the inspiration for her next role. Gracie lives in a large waterfront house in Savannah with her husband, Joe (Charles Melton), their teenage twins and two Irish setters. Of course I was: Haynes is having fun, at least for a while, partly to play with our expectations about where the movie is headed. That partly explains why he’s drawn to the woman’s film, with its focus on ordinary life, its domestic spaces, moral quandaries, political dimensions and tears.

Persons: Todd Haynes’s, “, ”, Haynes, Elizabeth, Natalie Portman, Gracie, Julianne Moore, Joe, Charles Melton, He’s, he’s, Molly Haskell Locations: Savannah

Consumers grew somewhat more optimistic about the future of the economy in November as expectations about inflation improved, but their sense of the current state of affairs worsened a bit. Still, two-thirds of consumers surveyed still expect a recession to be “somewhat” or “very likely” within the next 12 months. However, that is well above current inflation of 3.2% and forecasts from the Federal Reserve and mainstream economists. In the peak hour from 10 p.m. to 11 p.m. EST, consumers spent $15.7 million a minute, according to online analytics firm Adobe. One thing that might make some consumers happy is that home prices continued to increase in September.

Persons: ”, Dana Peterson, ” Peterson, Jeffrey Roach, Craig J, Lazzara, Lisa Sturtevant Organizations: Conference, Federal Reserve, LPL, “, Adobe, MLS Locations: Detroit, San Diego

☆ Morning Bid: Giving thanks you're not in China stocks
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. A four-day ceasefire between Israel and Hamas appeared to be holding shakily on Friday with no major reports of attacks, although both sides were accused of violations. The decline marked yet another investor shrug at reports of further official moves to shore up China's ailing property sector. In Europe, data showed Germany's economy shrank slightly in the third quarter, confirming an initial estimate of a 0.1% fall. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, shrug, didn't, Christian Lindner, Geert Wilders, Luis de Guindos, Pablo Hernandez de Cos, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Stock, Mainland Properties, Bloomberg, Nvidia, Finance, Britain's Barclays, Central Bank, Bank of Spain, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Wall, Israel, OPEC, United States, Friday's, Beijing, Taiwan, China, Europe, British

TOKYO (AP) — Asian shares surged higher on Wednesday, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation. “Accordingly, we expect GDP growth to slow from 1.7% this year to 0.5% in 2024,” he said in a commentary. Tuesday on Wall Street, the S&P 500 jumped 1.9% for its best day since April and hit a two-month high, closing at 4,495.70. On Wall Street, real-estate stocks and others beaten down particularly hard by higher rates soared to some of the market's biggest gains. Elsewhere on Wall Street, Home Depot rallied 5.4% after reporting stronger profit for the latest quarter than analysts expected.

Persons: Marcel Thieliant, ”, Hong, Seng, Australia's, Korea's Kospi, Russell, Brent Organizations: TOKYO, Nikkei, Capital Economics, Shanghai, Dow Jones Industrial, Nasdaq, Federal, Technology, Amazon, Nvidia, Treasury, U.S ., Alexandria Real, Bank, Zions Bancorp, Comerica, Valley Bank, Home Depot, New York Mercantile Exchange, U.S Locations: Alexandria, REITs, Wall

☆ Dow soars over 500 points as new data shows inflation continues to cool
▼ + stars: | 2023-11-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —Stocks climbed on Tuesday as Wall Street cheered the inflation cooldown in the latest economic data for October. The Consumer Price Index rose 3.2% for the 12 months ended in October. That’s down from 3.7% the prior month, according to fresh data from the Bureau of Labor Statistics. That brings the annual increase to 4%, the lowest annual increase since September 2021. The October Producer Price index, retail sales and building permits and housing starts data are also slated for release this week.

Persons: Stocks, That’s, Price, “, ”, Brad Conger, Callaghan Organizations: New, New York CNN, Dow, Nasdaq, Bureau of Labor Statistics, CPI, Treasury, Federal Reserve, Traders, Co, “, Moody’s, Home Depot, Wall Locations: New York

☆ Top 25 roundup: No. 4 Michigan St. crushes Southern Indiana
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] Nov 6, 2023; East Lansing, Michigan, USA; Michigan State Spartans guard Tyson Walker (2) drives through James Madison Dukes forward T.J. Bickerstaff (3) and guard Bryant Randleman (4) during the second half at Jack Breslin Student Events Center. 4 Michigan State earn a 74-51 home win over Southern Indiana on Thursday in East Lansing. After going 1-of-20 from 3-point range against James Madison, Michigan State wasn't much better against Southern Indiana, going 1-of-11 from 3-point territory. Jordan Tillmon scored 10 points for Southern Indiana, which shot 31.7 percent from the field overall (19 of 60) and committed 15 turnovers. Drew Miller led the Golden Eagles with 19 points, while Malachi Reeves had 17 points on perfect 7-for-7 shooting from the floor.

Persons: Tyson Walker, James Madison, Bryant Randleman, Jack Breslin, Dale Young, Jaden Akins, Jordan Tillmon, Jack Mielke, John Brown, Langston Love, RayJ Dennis, Jayden Nunn, Yves Missi, Drew Miller, Malachi Reeves, Isaiah Collier, Kaleb Higgins, Cameron Wilbon, Ugnius Jarusevicius, Aidan Mahaney, Saint Mary's, Harry Wessels, Donovan Dent, Nelly Junior Joseph, Jamal Mashburn Jr Organizations: Michigan State Spartans, James Madison Dukes, Center, Michigan State, Southern Indiana, James Madison , Michigan State, Southern, Spartans, Baylor, Bears, Golden Eagles, NAIA, USC, Cal State Bakersfield, Trojans, Roadrunners, Mary's, Lobos, Saint, New, Texas Southern, Thomson Locations: East Lansing , Michigan, USA, T.J, East Lansing, James Madison , Michigan, Southern Indiana, Waco , Texas, South Dakota, Los Angeles, New Mexico, Moraga , Calif

China inflation data released on Thursday showed that October CPI fell 0.2% year on year, while PPI data fell 2.6% year on year. Earlier this week, customs data showed that China's total exports of goods and services contracted faster than expected, although the country's crude imports in October were robust. On the plus side for oil demand, China's central bank governor, Pan Gongsheng, said the country is expected to achieve its annual growth target of 5% for this year. U.S. crude oil inventories increased by 11.9 million barrels over the week to Nov. 3, sources said, citing American Petroleum Institute figures. The U.S. Energy Information Administration (EIA), however, has delayed release of weekly oil inventory data until Nov. 15 for a system upgrade.

Persons: Dun Jiao, Tatiana Meel, Brent, Pan Gongsheng, Andrew Hayley, Tom Hogue Organizations: REUTERS, Rights, PPI, Reuters, American Petroleum Institute, U.S . Energy Information Administration, Barclays, Thomson Locations: Nakhodka, Russia, Rights BEIJING, China, United States, Venezuela, American

☆ UBS faces a long wait for M&A share-price boost
▼ + stars: | 2023-11-07 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

But investors in his bank UBS (UBSG.S) still seem relatively cool on his Credit Suisse acquisition. Ermotti has reversed the client exodus that ultimately sank Credit Suisse. Yet there’s much to do before investors give UBS credit for that rosier future. Bloomberg reported in September that the U.S. Department of Justice had stepped up a probe into Credit Suisse and UBS over suspected Russian compliance failures. The group also booked a $2 billion expense related to the cost of integrating Credit Suisse, which it bought earlier this year.

Persons: Sergio Ermotti, Ermotti, Ermotti reckons, UBS’s, there’s, Neil Unmack, Streisand Neto Organizations: Reuters, UBS, Credit Suisse, Analysts, Bloomberg, U.S . Department of Justice, Reuters Graphics Reuters, Alpha, Suisse, Thomson

☆ Chinese leaders defend state of economy at global finance summit in Hong Kong
▼ + stars: | 2023-11-07 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Senior Chinese officials have defended the state of the world’s second largest economy at a conference in Hong Kong, telling global financiers not to worry about prospects in China despite an uneven recovery and ailing property market. “Since the beginning of the year, China’s economy has been picking up in general,” He said Tuesday at the Global Financial Leaders’ Investment Summit, which was organized by the Hong Kong Monetary Authority, the city’s de facto central bank. “Global investors have some concerns about China’s economy, including the pace of economic recovery, problems with property markets, and local government debt. “The potential of the Chinese economy remains promising,” he told the audience, which included the heads of Goldman Sachs, Citi and Morgan Stanley. A discussion on China at the Global Financial Leaders' Investment Summit in Hong Kong on Tuesday.

Persons: Lifeng, ”, Zhang Qingsong, ’ ”, “, Zhang, Goldman Sachs, Morgan Stanley, Peter Parks, ” Wang Jianjun, Wang Organizations: Hong Kong CNN — Senior, Global, ’ Investment, Hong Kong Monetary Authority, People’s Bank of China, “ Global, Citi, Monetary Fund, Global Financial, Investment, Getty, China Securities Regulatory Commission, Stock Connect Locations: China, Hong Kong, AFP

☆ Bank of America: Buy these 56 losing stocks that are on the verge of becoming winners, thanks to a little-known investing strategy that has consistently outperformed the market since 1986
▼ + stars: | 2023-11-05 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Tax-loss harvesting is simple: investors reduce capital gains taxes by selling securities for a capital loss. Bank of America analysts led by head of US equity & quantitative strategy Savita Subramanian endorse a new twist on the strategy. In a recent note to clients, Subramanian identified what she calls TLCs: tax-loss candidates. "We've historically seen evidence of tax-loss selling by institutional investors in Oct. (peak outflows), and by retail investors in Dec. ahead of the Dec. 31 cut-off for individual investors," Subramanian wrote. Institutional investors must sell their losing stocks to claim the benefits of tax-loss harvesting by October 31, while retail investors have until December 31.

Persons: shrug, Subramanian, they've Organizations: Bank of America, 1.9ppt, Institutional

☆ Silicon Valley Shrugs Off Sam Bankman-Fried’s Trial
▼ + stars: | 2023-11-02 | by ( Erin Griffith | More About Erin Griffith | ) www.nytimes.com time to read: +1 min

In the four weeks that Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange, was on trial on fraud charges, the tech industry:Reacted to the war in Israel and Gaza, including protesting a tech conference organizer’s social media posts about the conflict. Buzzed over a manifesto from a top venture capitalist outlining a list of enemies to technological progress. Scrambled to invest money in the hottest artificial intelligence company, OpenAI, at triple its valuation earlier this year. Hotly debated the new features on Threads, a social media site owned by Meta. But a simpler answer could be that the tech industry has again done what it does best: move on to the next thing.

Persons: Sam Bankman, Bankman Organizations: Meta Locations: Israel, Gaza, FTX

☆ The Dow soars more than 560 points as markets bet the Fed is done with rate hikes
▼ + stars: | 2023-11-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —US stocks soared higher again on Thursday as investors bet that the Federal Reserve’s current round of economically painful rate hikes might be over. Both the S&P 500 and Dow are on track to notch their largest weekly gains this year and the Dow closed its best day since June. Tech stocks pulled markets higher Thursday, with shares of Tesla up nearly 6.3% and shares of Nvidia up about 2.8%. While all 11 sectors of the S&P 500 were trading higher on Thursday, there were some notable outliers. Shares of Airbnb were down 3.3% after the company beat on third-quarter revenue earnings but lowered its forward guidance.

Persons: Jerome Powell, ”, Louis Navellier Organizations: New, New York CNN, Federal, Dow, Nasdaq, Treasury, Navellier, Associates, Labor, Labor Department, Apple, Tech, Nvidia, Meta, Facebook Locations: New York

☆ Climate tech is like catnip to investors. Here's why the $13 billion sector is outperforming other industries.
▼ + stars: | 2023-11-02 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +7 min

Europe's startup ecosystem has been battered this year but climate tech founders have managed to avoid the brunt of the immense downturn so far. PwC's global analysis of the sector also points to climate tech outperforming the norm, accounting for a tenth of private market investments in 2023. Venture capital investment into European startups more broadly is primed to slump by around 46% to 58.1 billion euros in 2023. These obligations have helped make climate tech startups "catnip to investors," Sustainable Ventures' Stuart Ferguson said. Last year, European companies like electric vehicle manufacturer Polestar and batter-maker Northvolt raised 1.6 billion euros and 1 billion euros respectively.

Persons: They've, Stuart Ferguson, Fabian Heilemann, Heilemann, Biden's, Warner, Namratha, Mark Bula, Northvolt, Lisa Barclay, Ferguson, Aenu's Organizations: Steel, Venture, Sustainable Ventures, Warner, Ada Ventures, Elyos Energy, Green Steel, Nesta, Investments Locations: Swedish, British, Norwegian, London, Norway

BRUSSELS (AP) — These days, think twice before you lavishly ladle olive oil onto your pasta, salad or crusty bread. Olive oil, a daily staple of Mediterranean cuisine and the life of many a salad throughout Europe, is experiencing a staggering rise in price. In Spain, the world's biggest olive oil producer, prices jumped 53% in August compared to the previous year and a massive 115% since August 2021. Apart from olive oil, “potato prices were also on a staggering rise,” according to EU statistical agency Eurostat. Even if ETUC blames profiteering of big agroindustry in times of crisis, the olive oil sector has faced its own challenges.

Persons: ”, Esther Lynch, ETUC, ___ Ciarán Giles Organizations: European Union ., Eurostat, European Trade Union Confederation, Agriculture Ministry Locations: BRUSSELS, Olive, Europe, European Union . Olive, Spain, U.S, Japan, Ukraine, Madrid

☆ A congressman tried to get the governors of Michigan and Illinois to run against Biden in the Democratic primary, but they simply ignored his calls
▼ + stars: | 2023-10-31 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Rep. Dean Phillips recently announced he's running against Biden in the Democratic primary. He told Puck News he called Gov. AdvertisementAdvertisementPresident Joe Biden's newest Democratic challenger, Rep. Dean Phillips, personally called up the governors of Michigan and Illinois to jump into the race, but they ignored his calls, Puck News reported. AdvertisementAdvertisement"They didn't answer," Phillips told Puck News. Phillips holds a slight advantage over Biden in New Hampshire's January primary as Biden's name won't formally appear on the state's ballot.

Persons: Dean Phillips, Puck, Gretchen Whitmer, J.B . Pritzker, Phillips, —, Joe Biden's, Minnesotan, Biden, he's, Biden's, Whitmer, Pritzker Organizations: Biden, Democratic, Puck News, Gov, Service, Federal, Commission, Michigan Gov, Illinois Gov, NBC News Locations: Michigan, Illinois, Mexican, Israel, Gaza, New

☆ Man Utd show signs of life, but City offer real test
▼ + stars: | 2023-10-26 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

Another not-too-convincing victory at bottom club Sheffield United last weekend was admirable in its own way following the news of club great Bobby Charlton's death before kickoff. City suffered consecutive league defeats before the international break but have answered any doubts with wins over Brighton & Hove Albion and then at Young Boys on Wednesday in the Champions League. Guardiola will need no reminding that City lost at Old Trafford last year, having crushed United 6-3 at home. City also won the FA Cup final against United on their way to matching the Reds' treble of 1999. Sixth-placed Newcastle United will have to shrug off the disappointment of their Champions League loss to Borussia Dortmund as they face Wolverhampton Wanderers on Saturday.

Persons: Erik Ten, Bobby Charlton's, Harry Maguire's, Andre Onana, Guardiola, Sergio Aguero, They've, they've, Rasmus Hojlund, Erling Haaland, Ange Postecoglou, Monday's, Postecoglou, Martyn Herman, Christian Radnedge Organizations: Manchester, Manchester City, Brentford, Sheffield United, FC Copenhagen, Champions League, Pep, City, Brighton & Hove Albion, Young Boys, Old, FA, United, Reds, Manchester Evening, Premier League, Tottenham Hotspur, Tottenham, Fulham, Arsenal, Nottingham Forest, Newcastle United, Borussia Dortmund, Wolverhampton Wanderers, Saturday, Aston Villa, Luton Town, Thomson Locations: Old Trafford, City, Celtic, Liverpool

☆ Earnings aren't bad, but fourth-quarter forecasts are slipping. Here's what that means for the market
▼ + stars: | 2023-10-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Results haven't been bad, but the macro is overwhelming everything, and fourth-quarter guidance is slipping. Here's a general rule for the stock market: earnings are the main determinant of stock prices in the long run, but in rare cases macro trends can overwhelm their message. Earnings are OK, but the trend is down On the surface, this looks like a good earnings season. With earnings, however, it's the trend in the forward quarter that matters: is the trend up or down? If Treasury yields stabilize or even move lower, that will be a more important factor than a slightly lower earnings environment.

Persons: Here's, CNBC's Robert Hum, Sellers, Chubb, Sherwin, Williams, Kimberly Clark, Campbell, Swift, FactSet's John Butters, what's Organizations: Microsoft, Waste, Norfolk, Procter, Gamble, Pepsi, Soft, Nvidia, Express, Visa, Southwest Airlines Locations: Meta, Winnebago, Corning, Big Tech, Treasurys

☆ Judge blasts Sam Bankman-Fried for 'interesting' answers on the witness stand to questions about using FTX customer funds
▼ + stars: | 2023-10-26 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisement"Part of the problem is that the witness has what I'll simply call an interesting way of responding to questions," Kaplan said during the hearing. AdvertisementAdvertisementWhen Sassoon asked Bankman-Fried directly if he discussed spending FTX customer deposits with his lawyers, he took a long pause and looked down before he answered the question. Sassoon, questioning Bankman-Fried on the witness stand, asked Bankman-Fried to be more explicit about why he thought that explanation was acceptable. Asked directly by Sassoon if it was OK to steal customer funds, Bankman-Fried rejected that interpretation of events. Sassoon made that clear on Thursday as Kaplan asked for a broad timeline of the rest of the trial.

Persons: Sam Bankman, Fried, —, Lewis Kaplan, Kaplan, Mark Cohen, Danielle Sassoon, Sassoon, Bankman, Chelsea Jia Feng, I'm, Cohen, grumbled, Barbara Fried, " Cohen Organizations: Service, Alameda Research Locations: Manhattan, FTX, Alameda

☆ CNBC Daily Open: Feeling of uncertainty is hard to shrug off for investors
▼ + stars: | 2023-10-23 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia-Pacific markets started the week lower ahead of inflation readings from across the region, while gold hit a three-month high and gained for the second straight week amid fears of heightening conflict in the Middle East. The carmakers will be under the radar this week amid ongoing strikes and contract negotiations with the United Auto Workers union. X to launch new subscription tiersOwner Elon Musk said X, the social media service formerly known as Twitter, will launch two new tiers of subscriptions for users.

Persons: Elon Musk, Musk Organizations: CNBC, Dow Jones, Treasury, Microsoft, Meta, General Motors, Ford, United Auto Workers, Twitter Locations: Asia, Pacific, U.S, China

☆ In the Israel-Gaza War, We Must Not Kill Some Children to Protect Others - The New York Times
▼ + stars: | 2023-10-21 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +5 min

Too bad about those Russian children, but they should have chosen somewhere else to be born. A prolonged ground invasion seems to me a particularly risky course, likely to kill large numbers of Israeli soldiers, hostages and especially Gazan civilians. The best answer to this test is to try even in the face of provocation to cling to our values. If your ethics see some children as invaluable and others as disposable, that’s not moral clarity but moral myopia. We must not kill Gazan children in order to protect Israeli children.

Persons: I’ve, Biden, it’s, Benjamin Netanyahu, Iyad Abu Karsh, ”, Putin, Giora Eiland, Israel, Bravo Organizations: Hamas, Gaza Ministry of Health, Gazans, Times, Israeli National Security Council Locations: Gaza, Tel Aviv, United States, Israel, America, Ukraine, Russian, Aleppo, Russia, Grozny, American

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