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☆ The top large-cap fund manager from the past 12 months shares the simple change he made that completely turned around his performance — and 13 stocks he loves now
▼ + stars: | 2023-05-12 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.

[1/6] A general view shows the opening session of the meeting of Arab foreign ministers at the Arab League Headquarters, to discuss the Sudan and Syrian situations, in Cairo, Egypt May 7, 2023. It was taken at a closed meeting of foreign ministers at the Arab League's headquarters in Cairo, said Gamal Roshdy, spokesman for the Arab League's secretary general. While Arab states including the United Arab Emirates have pushed for Syria and Assad's rehabilitation, others, including Qatar, have remained opposed to full normalisation without a political solution to the Syrian conflict. Syria's membership of the Arab League was suspended in 2011 after a crackdown on street protests against Assad that led to a devastating civil war, and many Arab states pulled their envoys out of Damascus. Recently, Arab states have been trying to reach consensus on whether to invite Assad to an Arab League summit on May 19 in Riyadh to discuss the pace of normalising ties and on what terms Syria could be allowed back.

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

[1/4] Head of the Houthi Supreme Political Council, Mahdi al-Mashat, meets with Saudi and Omani delegations at the Republican Palace in Sanaa, Yemen April 9, 2023. Another Houthi official, Abdulmalik Alejri, said on Twitter that "with determination and honest intentions remaining difficulties can be resolved". STICKING POINTSTwo Yemeni sources, also speaking on condition of anonymity, said the parties could agree on an extended truce deal as they work out remaining differences. The United Nations and the PLC are not directly part of the Saudi-Houthi talks. The PLC was created to solidify the anti-Houthi bloc but has been beset by differences among Yemeni factions.

Egypt desperately needs the proceeds from privatisation after a series of economic shocks. STAKE SALE DRIVEEgypt set a target in 2022 of raising $10 billion annually over four years through private investment in state assets. Egypt has established its own sovereign fund to bring in private investors to develop state assets, but the move appears designed to attract capital without relinquishing control, said Sayigh. "They want others to help the state with its financial burden, but it's still the state that determines priorities and investments," he said. MILITARY TAX BREAKSFuture asset sales will be complicated by an expansion under Sisi of the military's often opaque economic role, analysts say.

☆ Factbox: Iraq War: quotes from the conflict and its aftermath
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +9 min

BAGHDAD, March 15 (Reuters) - Here are some notable quotes from before, during and after the U.S.-led invasion of Iraq in March 2003 that toppled Saddam Hussein. - U.S. President George W. Bush referring to Iraq, Iran and North Korea in his State of the Union Address. - Saddam Hussein in message to U.N. General Assembly. - Saddam Hussein on first day of invasion. A lot of people put their reputations on the line and said the weapons of mass destruction is a reason to remove Saddam Hussein," - Bush.

☆ Worm Moon lights up night sky
▼ + stars: | 2023-03-08 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

The full Worm Moon rises above village Island of Sehel at the west bank of the Nile river in the southern Egyptian city of Aswan, Egypt, March 7, 2023. REUTERS/Amr Abdallah Dalsh

☆ Djokovic happy with injury recovery despite semi-final exit in Dubai
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

World number one Djokovic suffered a three-centimetre hamstring tear en route to winning the Adelaide Open before claiming his 22nd Grand Slam title at the Australian Open to go level with Rafa Nadal. The 35-year-old Serbian had a solid run at the ATP 500 event in Dubai before he lost 6-4 6-4 to Medvedev. I know that I didn't play well in some decisive moments, but it was also due to his quality of tennis," Djokovic told reporters. If that's the case, I'll take some time off, I'll prepare," he said. Reporting by Manasi Pathak in Bengaluru; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Djokovic powers past Griekspoor into Dubai quarter-finals
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/3] ATP 500 - Dubai Tennis Championships - The Dubai Duty Free Tennis Centre, Dubai, United Arab Emirates - March 1, 2023 Serbia's Novak Djokovic in action during his round of 16 match against Netherlands' Tallon Griekspoor REUTERS/Amr AlfikyMarch 1 (Reuters) - Novak Djokovic stormed into the quarter-finals of the Dubai Tennis Championships on Wednesday with a 6-2 6-3 thrashing of Tallon Griekspoor, swiftly returning to his best form at a tournament he has won five times. A day after being taken to three sets by Czech qualifier Tomas Machac, Djokovic was back to his ruthless best and blasted past a shell-shocked Griekspoor to take the first set with two breaks of serve. Griekspoor managed to win a game and world number one Djokovic dropped serve with a double fault before sealing victory in style. Yesterday, I really had to work hard to get a win," Djokovic said. I have no words to describe it," Rublev, who has saved match points en route to victory three times this season, said.

☆ Egypt reopens newly restored historic mosque
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: 1 min

CAIRO, Feb 28 (Reuters) - Egypt's historic mosque of al-Hakim bi-Amr Allah, named after the sixth Fatimid caliph and located in old Cairo, was reopened for visitors on Monday, Feb. 27 after renovations. The renovation project for Egypt's fourth oldest mosque and its second largest began in 2017 with a budget of 85 million Egyptian pounds ($2.8 million). The renovation, done in collaboration between Egypt’s antiquities authority and Bohra Shia sect, included architectural restoration as well as maintenance to protect the walls of the mosque from the effects of moisture and salts. Reporting by Amr Abdallah Dalsh, Writing by Farah Saafan, Editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Egypt unveils renovations of venerable Tahrir Square Museum
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Egyptian Minister of Tourism and Antiquities Ahmed Issa talks to the media at the Egyptian Museum during a news conference by Egypt's ministry of tourism and antiquities that unveiled a renovated wing at the museum, in Cairo, Egypt February 20, 2023. REUTERS/Amr Abdallah DalshCAIRO, Feb 21 (Reuters) - Egypt has inaugurated the first phase of renovations on the venerable Egyptian Museum in central Cairo, giving the collection a facelift after many of its objects were relocated to other museums around the country. Egypt hopes to grow its tourism industry by 25% to 30% a year, Tourism Minister Ahmed Issa said at the inauguration ceremony on Monday. The renovation, financed by the European Union and assisted by five major European museums including the Louvre and British Museum, was designed to modernise the presentation of the objects. "The Egyptian Museum continues to develop itself, allowing it to compete with the other major modern museums," Issa said.

☆ WFP boss criticises northwestern Syrian authorities for slowing quake aid
▼ + stars: | 2023-02-18 | by ( John Irish | ) www.reuters.com time to read: +2 min

[1/5] Emirates Red Crescent and Syrian Arab Red Crescent distribute boxes of humanitarian aid in response to a deadly earthquake in Jableh, Syria, February 17, 2023. REUTERS/Amr AlfikyMUNICH, Feb 18 (Reuters) - The head of the World Food Programme (WFP) on Saturday pressured authorities in northwestern Syria to stop blocking access to the area as it seeks to help hundreds of thousands of people ravaged by earthquakes. "The problems we are running into is the cross-line operations into northwest Syria where the northwestern Syrian authorities are not giving us the access we need," Beasley told Reuters. Our operation is about $50 million a month for our earthquake response alone so unless Europe wants a new wave of refugees, we need get the support we need," Beasley said. I will call them out and will not be silent about this," Beasley said, referring to the authorities in northwestern Syria.

GAZA, Feb 2 (Reuters) - Israeli aircraft struck in Gaza on Thursday in response to Palestinian rocket fire, days after the United States called for calm, but there was no immediate sign of a wider escalation in violence following days of tension. The Democratic Front for the Liberation of Palestine (DFLP) said it had fired some of the rockets in response to the air strikes and the "systematic aggression" against Palestinian prisoners in Israeli jails. In Gaza, activists rallied in support of women prisoners held by Israel after far-right National Security Minister Itamar Ben-Gvir, who oversees prisons, said he would push ahead with plans to toughen conditions for Palestinian prisoners. Ben-Gvir has vowed a crackdown on "benefits and indulgences" offered to Palestinian prisoners and ordered amenities including prisoner-operated bread ovens in some prisons to be curtailed. Cairo has also invited Hamas chief, Ismail Haniyeh, who currently resides between Qatar and Turkey, for separate talks next week, said a Palestinian official familiar with Egyptian mediation.

☆ In West Bank, Blinken presses for two-state solution
▼ + stars: | 2023-01-31 | by ( Simon Lewis | ) www.reuters.com time to read: +5 min

Summary U.S. Secretary of State in West Bank after IsraelBlinken restates U.S. support for two-state solutionViolence surges in decades-old conflictRAMALLAH, West Bank Jan 31 (Reuters) - U.S. Secretary of State Antony Blinken shuttled from Israel to the Palestinians' West Bank on Tuesday, appealing for an end to resurgent violence and reaffirming Washington's backing for a two-state solution to the decades-long conflict. He took that message into a meeting with Palestinian President Mahmoud Abbas in Ramallah, warning all parties against any action that could threaten a two-state solution, with an independent Palestinian state alongside Israel. Netanyahu has reinforced troops in the West Bank and promised measures to strengthen settlements there, but has said Israel was not looking to escalate the situation. On Tuesday, Blinken met Israeli Defence Minister Yoav Gallant and discussed cooperation to stop Iran developing a nuclear weapon as well the situation in the West Bank. Hopes of achieving a two-state solution, with a Palestinian state based largely in the West Bank, have all but disappeared since the last round of U.S.-sponsored talks stalled in 2014.

DHEISHEH, West Bank ⁠— Palestinian tradition dictates that only men transport the dead to their graves. For a few moments, she led the funerary procession for Amr, 14, who Palestinians say was killed by an Israeli bullet during a raid in the Dheisheh refugee camp. Around her, mourners packed the street inside the camp in the Israeli-occupied West Bank just south of Bethlehem. Around Khamour, posters large and small from a variety of Palestinian organizations and institutions declared Amr a martyr. In 2022, 29 people were killed by Palestinians in Israel, east Jerusalem and the West Bank, according Israel’s Ministry of Foreign Affairs.

☆ Traffic in Suez Canal normal after ship breakdown dealt with- SCA
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] An aerial view of the Gulf of Suez and the Suez Canal are pictured through the window of an airplane on a flight between Cairo and Doha, Egypt, November 27, 2021. REUTERS/Amr Abdallah DalshCAIRO, Jan 9 (Reuters) - Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the waterway, the Canal Authority said. The M/V Glory, which was sailing to China, suffered a technical fault when it was 38km into its passage southward through the canal, before being towed by four tugs to a repair area, the Suez Canal Authority (SCA) said in a statement. The Suez Canal is one of the world's busiest waterways and the shortest shipping route between Europe and Asia. In 2021, a huge container ship, the Ever Given, became stuck in high winds across a southern section of the canal, blocking traffic for six days before it could be dislodged.

☆ Egypt's currency weakens to 26.49 to the dollar
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] Coins of a one Egyptian pound are seen at the Mint Museum, in Cairo, Egypt January 25, 2021. REUTERS/Amr Abdallah Dalsh/File PhotoCAIRO, Jan 4 (Reuters) - The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. 27, according Refinitiv Data. Currency flexibility has been a key demand by the International Monetary Fund, which approved a 46-month, $3 billion financial rescue package in October. read moreThe currency has weakened from 19.7 to the dollar in March. Black market currency dealers continued to buy dollars for 29 pounds each on the black market on Wednesday, even after the devaluation.

☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

☆ Bankers not expecting quick recovery as IPO volumes plunge to lowest level since 2008
▼ + stars: | 2022-12-20 | by ( Pablo Mayo Cerqueiro | Echo Wang | ) www.reuters.com time to read: +5 min

With questions swirling around monetary policy and the prospect of a looming recession, IPO advisers are not holding their breath on a near-term recovery in the equity capital markets. Global share sales plunged this year as the IPO market froze and hundreds of companies postponed stock market debuts, as Russia's invasion of Ukraine and interest rate hikes from central banks weighed on the broader economy. “It’s all about rates - the price of money changed and it has affected everything," said James Palmer, head of EMEA equity capital markets (ECM) at Bank of America. A return by long-only investors to capital markets deals is seen as key for any recovery, after a year in which hedge funds have taken a lead role as buyers of new issuance. "When the stock market is going like this, people typically don't buy new issuance," said Joshua Bonnie, co-head of Simpson Thacher & Bartlett's global capital markets practice.

☆ IMF executive board approves $3 bln Egypt extended arrangement
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amr Abdallah DalshCAIRO, Dec 17 (Reuters) - The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 billion, the fund said in a statement. The package, Extended Fund Facility (EFF), includes a flexible exchange rate regime and enhanced social safety nets to protect the vulnerable, the statement said. It is expected to catalyse additional financing of about $14 billion, including investments, from Egypt’s international and regional partners, the statement said. It also provides for upfront monetary policy tightening and fiscal consolidation. Reporting by Mahmoud Mourad; Writing by Patrick Werr; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ Some bloodstream infection bacteria grew resistant to last-resort drugs in 2020 - WHO
▼ + stars: | 2022-12-09 | by ( Natalie Grover | ) www.reuters.com time to read: +3 min

LONDON, Dec 9 (Reuters) - Increased drug resistance in bacteria causing bloodstream infections, including against last-resort antibiotics, was seen in the first year of the coronavirus pandemic, a World Health Organization report based on data from 87 countries in 2020 showed. High levels (above 50%) of resistance have been reported in bacteria that typically cause life-threatening bloodstream infections in hospitals such as Klebsiella pneumoniae and Acinetobacter spp, report authors highlighted on Friday. These infections often require treatment with 'last-resort' antibiotics, drugs that are used when all other antibiotics fail. About 8% of bloodstream infections caused by Klebsiella pneumoniae grew resistant to a vital last-resort group of drugs called carbapenems, the report said. Rates of antimicrobial resistance (AMR) remain very high, but last-resort antibiotics are only just starting to lose potency, said Dr Carmem Pessoa-Silva, the lead for WHO Global Antimicrobial Resistance Surveillance System, in a media conference.

☆ Croatia beats Japan on penalties to reach World Cup quarterfinals
▼ + stars: | 2022-12-05 | by ( Ben Church | ) edition.cnn.com time to read: +28 min

CNN —Goalkeeper Dominik Livaković made himself a national hero as Croatia beat Japan on penalties 1-1 (3-1) to reach the World Cup quarterfinals. Marko Djurica/ReutersJapan’s heartbreakDespite its defeat, Japan can look back at an impressive World Cup campaign. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Mbappé was one of the leading stars of the team's World Cup triumph four years ago. He also became just the third goalkeeper to save three penalties in a single World Cup shootout.

☆ Japan vs. Croatia: Samurai Blue aiming to reach World Cup quarterfinals for first time
▼ + stars: | 2022-12-04 | by ( Aimee Lewis | ) edition.cnn.com time to read: +31 min

CNN —In a World Cup of surprises, Japan has played a leading role in headline-making shock results. Croatia is a team undefeated in nine of its last 10 World Cup matches. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament.

☆ USMNT’s youth and talent at Qatar 2022 bodes well for 2026 World Cup
▼ + stars: | 2022-12-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +31 min

The Netherlands knocked the USMNT out of the Qatar World Cup on Saturday. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Qatar is the first Islamic country to host a World Cup.

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