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☆ Morning Bid: MidEast tension keeps markets on edge
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAlthough price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without obvious resolution. Disputed reports of a temporary ceasefire in southern Gaza partly stabilised jittery macro prices first thing on Monday. Yet the extent to which the backup in oil prices over recent months can impact wider economic sentiment was clear from the University of Michigan's household survey on Friday. That appeared to be the case last week as oil prices, gold, the dollar and Treasuries gained into the close while stocks fell back.

Persons: Brendan McDermid, Israel, Treasuries, Goldman Sachs, Morgan Stanley, Jerome Powell, Poland's, Patrick Harker, Christine Lagarde, Fabio Panetta, Mike Dolan, Ed Osmond Organizations: New York Stock Exchange, REUTERS, University of Michigan's, U.S, Treasury, Wall, JPMorgan, Citigroup, Bank of America, Netflix, Federal Reserve, European Union ., York Fed, Bank of Canada, Philadelphia Federal, European Central Bank, ECB, Global, Thomson, Reuters Locations: New York City, U.S, Gaza, Wells Fargo, Luxembourg, LSEG, CHINA

☆ 4 tech giants have cemented their AI dominance. But there's even more room for growth
▼ + stars: | 2023-10-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Nearly all tech companies will integrate generative AI by the end of 2024. Respondents said they expected to use generative AI for customer support, content generation and productivity. Google Cloud Google Cloud was the third most likely cloud provider in Oppenheimer's survey to gain future AI spending share. Salesforce and AI Oppenheimer analysts said they see "durable tailwinds for customer support, content generation and code generation, which are considered priority use cases for Generative AI." We agree with this call and are in the camp that Salesforce's generative AI tools should help reaccelerate sales growth all while balancing increasing margins.

Persons: Oppenheimer's, Oppenheimer, Piper Sandler, Copilot, Piper, we've, Salesforce, Jim Cramer's, Jim Cramer, Jim, Dado Ruvic Organizations: Microsoft, Web Services, Google, Meta, AI, Adobe, CNBC Locations: OpenAI, Jasper

☆ Retired Israeli general who rescued his family under siege from Hamas is being compared on social media to Liam Neeson's character in 'Taken'
▼ + stars: | 2023-10-14 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

On the way, Tibon helped kill Hamas militants and then fought his way onto the kibbutz to save his family. AdvertisementAdvertisementA former Israeli general's rescue of his son's family from Hamas fighters attacking their kibbutz is being compared to Liam Neeson in "Taken" on social media. Noam puts them in his car, and Amir's mother then took the wounded soldiers to the hospital. He's with these soldiers," Amir told his wife. Noam had joined up with a cohort of Israeli soldiers sent to liberate the kibbutz.

Persons: Noam Tibon, Liam Neeson's, Tibon, —, Liam Neeson, Amir Tibon, Noam, Amir, Galia, Saba, Bryan Mills, Mills, Miri, Amir texted, Israel Ziv, It's, Israel Organizations: Service, NBC Nightly, Hamas, New, New Jersey Turnpike, Street Journal Locations: Israeli, Nahal Oz, Gaza, Tel Aviv, Carmel, Sderot, Hamas, New Jersey, Israel

☆ Volkswagen's Europe and US sales offset China weakness in Q3
▼ + stars: | 2023-10-13 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

The Volkswagen group delivered 2.34 million vehicles in total in July-September. In China, deliveries fell 5.8% to 837,200, the company said, joining rival German carmakers in reporting a quarterly decline there. Mercedes-Benz (MBGn.DE) and BMW (BMWG.DE) earlier this week said their third-quarter sales in China fell, with the former hit by supply chain issues and model changes. Still, car sales in China continued a recovery in September, rising for the second consecutive month, benefiting from stronger demand and new models ahead of key holidays. Volkswagen recorded a 40.5% increase in deliveries of all-electric vehicles to 209,900 in the third quarter, accounting for 9% of group deliveries.

Persons: Fabrizio Bensch, carmaker, Ola Kaellenius, Hildegard Wortmann, Christoph Steitz, Tristan Chabba, Rachel More, Mark Potter Organizations: Volkswagen, REUTERS, German, Mercedes, Benz, BMW, Thomson Locations: Salzgitter, Germany, China, FRANKFURT, Europe, North America, Zwickau

☆ Dollar General reappoints former CEO Vasos for second stint, cuts FY23 view
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

A view of a fresh food aisle at a Dollar General store in Norridge, Chicago, U.S., August 24, 2021. With Vasos' appointment, Dollar General hopes "to restore stability and confidence" in the company, whose stock has lost more than half its value so far this year. But for now, the company trimmed its annual sales and profit estimates for a third time, just over a month after it forecast a steep drop in annual profit and missed market expectations for second-quarter results. Vasos "is acutely aware of the challenges facing our business and the industry more broadly" Dollar General said, adding his appointment was effective immediately. It tightened the range of its annual net sales growth outlook to 1.5% to 2.5%, from a prior range of 1.3% to 3.3% growth.

Persons: Richa Naidu, Todd Vasos, Jeffery Owen, Vasos, Savyata Mishra, Maju Samuel, Shinjini Organizations: REUTERS, Thomson Locations: Norridge , Chicago, U.S, Bengaluru

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Microsoft, Rivian, Amazon, Skechers, Block and more
▼ + stars: | 2023-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Apple as neutral Bank of America said Apple Services is the "next leg of growth." UBS reiterates Skechers as buy UBS said it's standing by its buy rating on shares of the shoe company. JPMorgan reiterates Disney as overweight JPMorgan lowered its price target on the stock to $120 per share from $125 but said it's standing by its overweight rating. Bank of America reiterates Block as buy Bank of America said investors should buy the dip in shares of the company formerly known as Square. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by its overweight rating on Microsoft shares.

Persons: Wells, Wells Fargo, Jefferies, Tesla, it's, Skechers, Daiwa, JPMorgan downgrades Corning, JPMorgan, TD Cowen, O'Reilly, Cowen, Morgan Stanley Organizations: UBS, Bank of America, Apple, of America, Apple Services, Google, DOJ, Citi, Huawei, JPMorgan, Disney, ESPN, Arts, EA, " Bank of America, Trust, Northern Trust, Holdings, Juniper Networks, Enterprise, Microsoft Locations: North America, China, Hulu, Juniper, Corning

☆ Do not make student-loan payments if you're in one of these 3 groups of borrowers
▼ + stars: | 2023-10-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementStudent-loan payments have resumed, but not all federal borrowers should be making payments. However, it's in some borrowers' best interests to not make payments — even if their servicer has given them a billing statement. While borrowers can submit those claims individually, the Education Department has also announced relief for groups of defrauded borrowers without them needing to take any action themselves. AdvertisementAdvertisementIf borrowers received notice of relief but are still in repayment status, they can contact their servicer, or Federal Student Aid's ombudsman. However, interest will still accrue during that time, and the Education Department cannot control how credit scoring companies interpret the missed payments.

Persons: —, Joe Biden's, servicers Organizations: Service, Joe Biden's Education Department, Education Department, Corinthian Colleges Locations: it's, Cardona

☆ Utah accuses TikTok of misleading users about safety, China connection in new lawsuit
▼ + stars: | 2023-10-10 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Utah is the latest state to file suit against TikTok, alleging the social media site misled its citizens about its relationship to its Chinese parent company and deceptively touted its platform as safe. TikTok has already faced similar lawsuits from Arkansas and Indiana, while Montana has chosen to ban the app altogether, a move that TikTok and creators have challenged. "Social media companies must be held responsible for the harms they are causing," Cox said in a statement. The other elements of the suit touch on concerns that many people have about social media platforms in general, not just TikTok. Utah has been particularly active in seeking to protect its citizens from what it sees as the harmful effects of social media.

Persons: Spencer Cox, Joe Biden, George E, TikTok, Cox, Sean Reyes Organizations: Utah Gov, U.S, Wahlen Department of Veterans Affairs Medical, TikTok, . Utah Gov, Social, CNBC, YouTube Locations: Utah, Salt Lake City , Utah, Arkansas, Indiana, Montana, Washington, China, harm's

☆ Bank of America sees more than 60% upside in this beaten-down payments stock
▼ + stars: | 2023-10-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Shares of Block are too cheap relative to the payment company's high-quality fundamentals, according to Bank of America. The firm reiterated its buy rating on the stock along with its price objective at $71. That target suggests a 62% upside from Monday's closing price of $43.71. SQ YTD mountain SQ YTD chart "We believe this pullback is quite unjustified, but suspect it is due to: 1. Kupferberg also pointed toward Block's strong fundamentals as a catalyst for the firm's potential upside.

Persons: Jason Kupferberg, Kupferberg, — CNBC's Michael Bloom Organizations: Bank of America

The governor has the sole discretion to restore those civil rights, apart from firearm rights, which can be restored by a court. It called on DOJ to look into the matter as a possible violation of the Voting Rights Act or other federal laws. The Virginia Department of Elections said in a statement Tuesday that impacted voters will receive written notification that their registrations have been reinstated. It also offered some pushback against the letter, saying it incorrectly claimed that voters were purged “without notice.”“This is false. Macaulay Porter, a spokeswoman for Youngkin, said in a statement that the effort to determine which voters may have been improperly removed was ongoing.

Persons: Glenn Youngkin's, General Merrick Garland, Macaulay Porter, Youngkin, ” Porter, Aryele Bradford, Corinne Geller, Mark Warner, Tim Kaine, Robert “ Bobby ” Scott, Gerry Connolly, Donald Beyer, Abigail Spanberger, Jennifer Wexton, Jennifer McClellan Organizations: —, Democratic, U.S . Department of Justice, Republican Gov, DOJ, Department of Justice, The Virginia Department, Elections, Virginia State Police, Department, U.S Locations: RICHMOND, Va, Virginia, Sens

☆ A millennial paid off his $18,000 student debt load. 4 months later, the payment still hasn't processed and his balance is even bigger.
▼ + stars: | 2023-10-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Xiong Chang made an $18,000 payment on his remaining student-loan balance in June. But it hasn't been processed yet, and his balance has grown due to interest. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But it's been over four months since he made that payment, and it still is not reflected in his account. According to his account, his balance now stands at $19,019.44 — with $96 in accrued interest.

Persons: Xiong Chang, He's, —, it's, Xiong, Joe Biden's, Education James Kvaal, I've, MOHELA Organizations: Service, Education, Consumer Financial, Education Department, Federal Student Aid, Republicans

☆ Google to combine generative AI chatbot with virtual assistant
▼ + stars: | 2023-10-04 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 4 (Reuters) - Google on Wednesday announced plans to add generative artificial intelligence (AI) capabilities to its virtual assistant, and a company executive told Reuters the AI would allow the assistant to do things like help people plan a trip or catch up on emails and then ask follow-up questions. The Alphabet (GOOGL.O) subsidiary said during its hardware event in New York that it plans to add generative AI features from its Bard chatbot into Google's version of a virtual assistant, that aims to provide personalized help with reasoning and generative capabilities on mobile devices. "(A) whole task is done through a couple of simple questions that you're asking your assistant, which is, we think, a very, very powerful concept," Sissie Hsiao vice president, Google assistant and Bard said in an interview with Reuters. Google and other tech companies have been racing to build some form of generative AI into new or existing products. It will not include revenue generating features, Hsiao said, because Google is still in the "learning phase" with generative AI.

Persons: Dado Ruvic, Bard, Sissie Hsiao, Hsiao, Max A, David Gregorio Our Organizations: REUTERS, Google, Wednesday, Reuters, Microsoft, Thomson Locations: New York, San Francisco

☆ ChatGPT will 'help us with extremely hard problems' in the future, says OpenAI's chief tech officer
▼ + stars: | 2023-10-04 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Mira Murati wasn't always sure OpenAI's generative chatbot ChatGPT was going to be the sensation it has become. "In 2019, we had GPT3, and there was the first time that we had AI systems that kind of showed some sense of language understanding. And if you really think about it, that hasn't really been revolutionized in decades." Murati envisions users being able to talk with ChatGPT the same way they might chat with a friend or a colleague. "And so that's really where we're going — towards these systems that will eventually be able to help us with extremely hard problems.

Persons: Mira Murati wasn't, Atlantic Festival, Murati, You'll, Jony Ives, OpenAI, we're, ChatGPT Organizations: Atlantic, Apple

In front of the cameras and on his social media site, Trump attacked New York Attorney General Letitia James for bringing the case against him. Last week, Engoron ruled that Trump and his co-defendants were liable for “persistent and repeated” fraud. Trump attorney Christopher Kise argued there was no intent to defraud and “no victims” in the case. “That is not fraud, that is real estate.”Judge spars with Trump attorneysAfter Habba finished her opening statement – which attacked James for campaigning that she would “get Trump” – Engoron pushed back against the Trump attorney. The firm resigned and said Trump’s financial statements should no longer be relied upon.

Persons: Donald Trump, Arthur Engoron, Trump, general’s, Letitia James, Jack, ” Trump, “ They’re, ”, Kevin Wallace, Wallace, ” Wallace, James, Engoron, Christopher Kise, “, Alina Habba, Habba, Mona Lisa, James ’, ” Engoron, ” Habba, Kise, haven’t, ” Kise, Eric Trump, Donald Trump Jr, Donald Bender, Bender Organizations: New, New York CNN, Trump, AG, Forbes, Trump Organization, White House, Deutsche Bank, Palm Locations: New York, Manhattan, ”, Palm Beach, Habba

☆ The message behind Putin’s Wagner meeting
▼ + stars: | 2023-09-30 | by ( Nathan Hodge | ) edition.cnn.com time to read: +5 min

In a televised meeting Friday, Putin met with Russia’s Deputy Defense Minister Yunus-Bek Yevkurov and former Wagner commander Andrey Troshev, according to a partial transcript published by the Kremlin. But unpack the language, and Putin’s Friday meeting appeared to put a reassuring gloss on the Russian government’s attempt to bring the mercenary group to heel. “I would like to talk to you about issues of a social nature,” Putin told Troshev, without naming Wagner. Wagner has supported the Libyan National Army for several years, reportedly backing Haftar’s 2019-2020 military campaign against the Tripoli-based government. If Friday’s meeting is any guide, Yevkurov appears to be a point man for future Wagner activity while Troshev takes on a different brief: overseeing Wagner 2.0 for the war in Ukraine.

Persons: Vladimir Putin’s, –, Wagner, group’s, Putin, Yunus, Bek Yevkurov, Andrey Troshev, Troshev –, ‘, Yevgeny Prigozhin’s, Prigozhin, “, ” Putin, Troshev, ”, Fatherland ’, ” –, Dmitry Peskov –, Yevkurov, Khalifa Haftar Organizations: CNN, Kremlin, Fatherland, Prigozhin’s, “, RIA Novosti, Wagner, Central African, Libyan National Army, Rapid Support Forces Locations: Moscow, Russian, Russia’s Tver, Ukraine, Belarus, Africa, Mali, Central African Republic, Libya, Libyan, Benghazi, Tripoli

A digital artwork by Chinese artist Snow Fish. The controversy has fueled online protests on the Chinese internet against the creation and use of AI-generated images, with several other artists claiming their works had been similarly used without their knowledge. Hundreds of artists have posted banners on Xiaohongshu saying “No to AI-generated images,” while a related hashtag has been viewed more than 35 million times on the Chinese Twitter-like platform Weibo. Besides Trik AI, Xiaohongshu has also developed a new function called “Ci Ke” which allows users to post content using AI-generated images. Snow Fish added that these complaints had been slowly growing within the artist community but had mostly been privately shared rather than openly protested.

Persons: Snow Fish, Fish, Bard, ERNIE Bot, SenseTime’s, Xiaohongshu, Snow, “, ”, Zhang, ’ Organizations: Hong Kong CNN — Artists, CNN, Xiaohongshu, City University of Hong, European, Capitol Hill Locations: China, Hong Kong, Weibo, United States, City University of Hong Kong, London, California

☆ Inflation pushed the wealthy to shop at dollar stores. Now even those places are seeing people get tighter with their money.
▼ + stars: | 2023-09-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

During the pandemic, more people with higher incomes started shopping at dollar stores. They keep shopping in dollar stores, but they spend more time in the aisles with the most important products. In mid-2022, both Dollar General and Dollar Tree reported increased sales and noticed a rise in high-income customers. But now, in addition to lower sales, Dollar General is dealing with an overflow of inventory. Alex Bitter/InsiderOther businesses benefited from inflationThis recent surge in wealthier customers is not limited to just dollar stores.

Persons: —, Jeff Owen, Owen, Justin Sullivan, Mike Witynski, Witynski, General's, Todd Vasos, Alex Bitter, Chipotle Organizations: Shoppers, Service, Dollar, Wall Street, Wall Street Journal, CNN, Walmart

☆ Right again, Einstein! Study shows how antimatter responds to gravity
▼ + stars: | 2023-09-27 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Antimatter is the enigmatic twin of ordinary matter, possessing the same mass but with an opposite electrical charge. Under current theory, the Big Bang explosion that initiated the universe should have produced equal amounts of matter and antimatter. However, antimatter can be synthesized under controlled conditions, as in the ALPHA experiment, which used antihydrogen created at CERN. "The nearly complete absence of naturally occurring antimatter is one of the great questions facing physics," Wurtele said. "No matter how pretty the theory, physics is an experimental science," Fajans said.

Persons: Jonathan Wurtele, Joel Fajans, Wurtele, Einstein, William Bertsche, Bertsche, Fajans, Will Dunham, Rosalba O'Brien Organizations: European Center for Nuclear Research, CERN, Enterprise, University of California, ALPHA, UC Berkeley, University of Manchester, Thomson Locations: Geneva, Switzerland, Berkeley, England, Washington

☆ These retailers are bucking the trend and opening stores in San Francisco despite the city's 'doom loop'
▼ + stars: | 2023-09-21 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Some retailers are fleeing San Francisco as fears grow over rising crime and a worsening economic environment. They continued, "We are excited to strengthen our presence in San Francisco and intend to test and try different formats to meet the needs of our San Francisco consumers for many years." Tayfun Coskun/Anadolu Agency via Getty ImagesChanel is also making moves in downtown San Francisco. The move came despite luxury stores in downtown San Francisco being targeted by a series of high-profile robberies. "We recently invested in renovating our Downtown San Francisco hub where our teams come together to develop new consumer experiences and product innovations.

Persons: Tayfun, Chanel, Yves Saint Laurent, Jay Watson, Alexander Spatari, Henrique Dubugras, Michael Tannenbaum, Brex's, Tannenbaum, It's, it's, Angela Hoover, Andi, Hoover Organizations: Foods, Service, Nordstrom, Westfield San Francisco Centre, Ikea US, Ikea, Bay Area, Anadolu Agency, Getty, Real, Arpels, Gap's San, Gap Inc, Navy, Gap, Downtown, San Francisco Locations: San Francisco, Wall, Silicon, Francisco, Westfield, San Francisco's, Bay, Union, Gap's, Gap's San Francisco, Banana, Sutter, Downtown San Francisco, Miami

☆ Sell Dollar General as consumers come under pressure from higher inflation, JPMorgan says in downgrade
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to dump shares of Dollar General as consumers come under increasing pressure, according to JPMorgan. Analyst Matthew R. Boss downgraded shares to underweight from neutral, saying the company's core low-to middle-income shopper is under strain from diminishing savings and rising inflation. The downgrade comes after JPMorgan hosted a recent fireside chat with Dollar General finance chief Kelly Dilts. DG 1D mountain Dollar General shares 1-day All this charts an uncertain path forward for Dollar General, the analyst said. On Aug. 31, the stock dropped 12% after Dollar General reported weaker-than-expected second-quarter results.

Persons: Matthew R, Boss, Kelly Dilts, — CNBC's Michael Bloom Organizations: JPMorgan, SNAP, Dollar, Dilts

Internal Revenue Service agents have claimed in whistleblower testimony the investigation was “slow walked” and the authority of the prosecutor in charge was curtailed by the Justice Department. While the Hunter Biden case is far from typical, it touches on some of the more mundane but less-well-understood aspects of the criminal justice system. Such an order, requiring approval in this case by Garland or another senior Justice Department official, gives the prosecutor what’s typically known as “special attorney” status. This person is not subject to day-to-day supervision of the Justice Department, but must still comply with department regulations, policies and procedures. WHAT ARE SOME OF THE COMPLICATIONS ON THE HUNTER BIDEN CASE?

Persons: Merrick Garland, Hunter Biden, Garland, Joe Biden, –, what’s, David Weiss, Weiss, Biden, Hunter, Gary Shapley, Thomas Sobocinski, —, ” Sobocinski, “ Organizations: WASHINGTON, —, Republicans, Justice Department, Internal Revenue Service, FBI, Drug, Administration, Homeland, Prosecutors, Department, IRS, Delaware U.S, Hunter Biden, HUNTER, Congressional Republicans Locations: U.S, Delaware, Washington and California

☆ In victory for Trump, an appellate court in Manhattan grants a temporary stay in his October business-fraud trial
▼ + stars: | 2023-09-15 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump and Trump Org were due to start trial on October 2 over New York's accusations of widespread business fraud. Thursday, an appellate judge in Manhattan granted what may only be a temporary hold on that date. The parties will now spend two weeks mired in an appellate-level, litigation side-show over Trump's claim that NY's case is too old. Four legal sources confirmed the new litigation sideshow and Thursday's trial date stay for Insider. AdvertisementAdvertisement"We are confident in our case and will be ready for trial," a spokeswoman for the attorney general's office said late Thursday.

Persons: Donald Trump, David Friedman, Letitia James, Trump, Donald Trump , Jr, Eric Trump, James, Arthur Engoron, Trump's, Ivanka Trump, They'll Organizations: Trump, Trump Org, Service, Daily, New, Trump Organization Locations: Manhattan, Wall, Silicon, New York, Washington, DC, United States

On Monday, Mr. Trump lawyers sought to disqualify another judge involved in a case against him: Tanya S. Chutkan, who is handling his prosecution in Washington on charges of trying to overturn the 2020 election. There has been a flurry of activity in Ms. James’s case against Mr. Trump recently. The attorney general recently filed documents saying that Mr. Trump exaggerated his net worth by as much as $2.2 billion a year to secure favorable loans. Mr. Trump had received most of the loans in question too long ago for the matter to be considered by a court, his lawyers argue. Along with that argument his lawyers had asked that the October trial be delayed, saying that they were unable to prepare for a trial without knowing its scope.

Persons: Merchan, ”, Trump, Tanya S, Chutkan, Engoron Organizations: Capitol Locations: Washington

☆ European retailers risk dressing-down from investors as consumers flinch
▼ + stars: | 2023-09-11 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe broader STOXX 600 (.STOXX) is up by 7% this year, meaning retailers are outperforming by the most on record. The snag is that this stellar run has been partly built on investors unwinding bearish bets, or short positions, on retail stocks, after last year's pessimism proved overdone. This means retail stocks might not see as many willing buyers as earlier this year. Jones expects retail stocks to fall in the second half of the year. JPMorgan downgraded the grocery retail sector this month and flagged the prospect of price declines going into 2024.

Persons: Inditex, unwinding, Benjamin Jones, Jones, Florian Ielpo, Ielpo, WH Smith, Alexandre Bompard, LSEG, Joice Alves, Amanda Cooper, Tomasz Janowski Organizations: Reuters, Macro, Multi, Management, Carrefour, JPMorgan, Deutsche Bank, Thomson Locations: Zara, bullish, LSEG, Britain

☆ Opinion: The Deep Space Network is in trouble
▼ + stars: | 2023-09-11 | by ( Opinion Don Lincoln | ) edition.cnn.com time to read: +6 min

The Deep Space Network, or DSN, is an interconnected set of three radio telescope facilities spread across the globe. Indeed, without the DSN, NASA’s robotic exploration of deep space would simply not be possible. On the contrary, if humanity is going to once again venture into deep space, it will be crucial to be able to maintain a radio link with those intrepid explorers. Both of those missions, indeed all deep space programs, depend on reliable communication, or they will fail. The Deep Space Network is NASA’s link to the planets, and it needs additional support if we ever hope to boldly go where no one has gone before.

Persons: Don Lincoln, James Webb, NASA Artemis, Artemis Organizations: Fermi, Accelerator Laboratory, Facebook, CNN, Space, NASA, Jet Propulsion Laboratory, Telescope, Orion, Twitter, James Webb Space Telescope Locations: California, Spain, Australia

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