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☆ Here are Thursday's biggest analyst calls: Tesla, Netflix, Best Buy, Amazon, First Solar, Disney & more
▼ + stars: | 2023-10-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"Based on our analysis, we see FIS as undervalued at 9x '24 P/E and upgrade to Overweight from Equal Weight." "We upgrade shares of KTB to Buy from Neutral and see 22% upside to our new $56, 12-month price target. Goldman Sachs upgrades Best Buy to buy from neutral Goldman said it sees multiple expansion for the electronic retailer. Can a 'growth stock' work if earnings don't grow in 2024? JPMorgan upgrades First Solar to overweight from equal weight JPMorgan said it sees an attractive entry point for the solar company.

Persons: Goldman Sachs, Goldman, Lee, Morgan Stanley, Tesla, Oppenheimer, it's bullish, Jefferies, CrowdStrike, we've, outperforming ytd, Bernstein, Disney, Wells Organizations: Street, Barclays, Fidelity National Information Services, Brands, Nike, Netflix, Disney, ESPN, Citi, Microsoft, UW, NA, Deutsche Bank, Starbucks, Deutsche, Bank of America, of America, JPMorgan Locations: destocking, Mexico, Wells Fargo, China, OW, Aptiv

☆ The Street weighed in on 5 tech stocks ahead of earnings — here's our take on each
▼ + stars: | 2023-10-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Wall Street analysts this week weighed in on five our of mega-cap tech stocks ahead of their quarterly earnings reports in the coming weeks. Street take: Piper Sandler named Microsoft (MSFT) its "highest conviction large cap stock" to own going into the end of 2023. Meta Platforms META YTD mountain META stock performance YTD. Street take: Bank of America said Meta Platforms (META) is "best positioned for revenue acceleration" as the outlook for digital advertising revenue growth remains solid. Ahead of the tech firm's fiscal third-quarter earnings on Oct. 24, the analysts estimate 10% year-over-year revenue growth in Search and 9% revenue growth in YouTube ads.

Persons: Here's, Morgan Stanley, Piper Sandler, Mark Zuckerberg, Jeff Marks, Jim Cramer's, Jim Cramer, Jim, New York Stock Exchange Michael Nagle Organizations: Nvidia, Citi, Microsoft, Apple, Counterpoint Research, Bank of America, JPMorgan, Meta, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: United States, China

☆ Make these 6 moves now to capitalize on one of the best long-term investing outlooks in over a decade, according to JPMorgan's $2.9 trillion asset management arm
▼ + stars: | 2023-10-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Investors shouldn't be scared off by slower economic growth caused by higher-for-longer interest rates and inflation, according to JPMorgan Asset Management (JPMAM). For reference, JPMAM called for forward long-term returns of 4.3% in 2021. The firm added that productivity gains from AI will likely add a tenth of a percentage point to global growth in the next decade. The long-awaited reversal for international stocks won't happen overnight, JPMAM strategists said. The firm is highly optimistic about the asset class after its brutal multi-year selloff and expects 4.6% and 5.1% long-term returns for those groups, respectively.

Persons: it's, JPMAM, David Kelly, Kelly, Monica Issar, Grace Koo, —, they're, Bob Michele, who's, he's, Bonds, REITs Organizations: Asset Management, Federal Reserve, European Central Bank, US, JPMorgan, Management, Fed, JPMorgan Asset Management, Investors Locations: Europe, Australasia, Real

The funding request, expected to be formally unveiled on Friday, is likely to be around $100 billion over the next year, according to people directly familiar with the proposal who insisted on anonymity to discuss internal deliberations. Biden hopes that combining all of these issues into one piece of legislation will create the necessary political coalition for congressional approval. The White House has warned that time is running out to prevent Ukraine, which recently struggled to make progress in a grueling counteroffensive, from losing ground to Russia because of dwindling supplies of weapons. The White House plans to formally unveil Biden’s supplemental request on Friday, according to two officials familiar with the plans, although the timing could change. The Senate plans to move quickly on Biden’s request, hoping that it creates pressure on the Republican-controlled House to resolve its leadership drama and return to legislating.

Persons: Joe Biden, Biden, Kevin McCarthy, Volodymyr Zelenskyy, Critics, Josh Paul, “, ”, Paul, Israel, Shalanda Young, Sen, Chris Murphy, Conn, Matthew Lee, Mary Clare Jalonick, David Bauder Organizations: WASHINGTON, Hamas, Republican, Israel, State Department, Tel, Wednesday, ABC, NBC, CBS, of Management, White, Senate, Department of Homeland Security, Taiwan, Biden, Associated Press Locations: Israel, Ukraine, United States, Mexico, Gaza, Russia, Tel Aviv, legislating, China, Europe

☆ Netanyahu must realize that his days as PM are numbered, UK's former foreign minister Rifkind says
▼ + stars: | 2023-10-19 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetanyahu must realize that his days as PM are numbered, UK's former foreign minister Rifkind saysCNBC’s Tania Bryer talks to former U.K. Foreign Secretary Malcolm Rifkind about the Israel-Hamas war, U.S. President Joe Biden’s visit to Israel and the wider ramifications of the conflict in the region.

Persons: Netanyahu, Rifkind, CNBC’s Tania Bryer, Malcolm Rifkind, Joe Biden’s Locations: Israel, U.S

☆ Appeasing Iran Has Failed
▼ + stars: | 2023-10-18 | by ( Walter Russell Mead | ) www.wsj.com time to read: 1 min

Walter Russell Mead is the Ravenel B. Curry III Distinguished Fellow in Strategy and Statesmanship at Hudson Institute, the Global View Columnist at The Wall Street Journal and the James Clarke Chace Professor of Foreign Affairs and Humanities at Bard College in New York. He is also a member of Aspen Institute Italy and board member of Aspenia. Before joining Hudson, Mr. Mead was a fellow at the Council on Foreign Relations as the Henry A. Kissinger Senior Fellow for U.S. Foreign Policy. He has authored numerous books, including the widely-recognized Special Providence: American Foreign Policy and How It Changed the World (Alfred A. Knopf, 2004). Mr. Mead’s next book is entitled The Arc of A Covenant: The United States, Israel, and the Future of the Jewish People.

Persons: Walter Russell Mead, Curry, James Clarke Chace, Mead, Henry A, Alfred A ., Mead’s Organizations: Hudson Institute, Wall Street Journal, Foreign Affairs, Humanities, Bard College, Aspen Institute, Hudson, Council, Foreign Relations, Kissinger, U.S . Foreign, Providence, Alfred A . Knopf, Jewish People Locations: New York, Aspen Institute Italy, United States, Israel

☆ Analysis: Biden's Middle East mission was thrown into turmoil even before he left
▼ + stars: | 2023-10-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

A devastating blast at a hospital in Gaza believed to have killed hundreds of people prompted Jordan to cancel the second leg of Biden’s trip. And like any major presidential intervention in a troubled world, Biden’s visit carries the possibility of failure that could damage his political standing at home. Hamas accused Israeli forces of attacking the hospital and killing between 200 to 300 people. A global outpouring of support for Israel risks overshadowing the growing human toll of its attacks against Hamas targets in Gaza. Clashes have already broken out in Ramallah, the seat of the Palestinian Authority in the West Bank after the Gaza hospital blast.

Persons: Joe Biden’s, Jordan, he’d, Benjamin Netanyahu’s, –, Biden, he’ll, David Axelrod, CNN’s Oren Liebermann, Zachary Cohen, Israel, King Abdullah, Abdel Fattah el, Mahmoud Abbas, ”, Ayman Safadi, Antony Blinken, Israel Biden, Netanyahu, Netanyahu’s, ” Biden, Donald Trump, Trump, ” Trump Organizations: CNN, West, –, Israel Defense Forces, Islamic, Zachary Cohen Tuesday, Biden, Andrews Air Force Base, Palestinian Authority, West Bank, Jordan’s, White, Hamas, Israel, Fury, Trump Locations: Washington, Gaza, Israel, Amman, West Bank, Lebanon, Iraq, Iran, Tunisia, Middle East, United States, Maryland, Jordan, Al Jazeera, Egypt, Ramallah, Saudi Arabia, Ukraine, New York

☆ A Middle East Wake-Up Call
▼ + stars: | 2023-10-16 | by ( Walter Russell Mead | ) www.wsj.com time to read: 1 min

☆ Scottish leader says wife's parents risk running out of food in Gaza
▼ + stars: | 2023-10-16 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

Yousaf's parents-in-law live in Scotland but were visiting relatives in Gaza when Hamas militants poured into Israel and killed 1,300 people last weekend. "There is no doubt that collective punishment is a breach of international law," he said. British Prime Minister Rishi Sunak told parliament on Monday that Israel must defend itself in line with international humanitarian law. Diplomatic efforts are continuing to get aid into the enclave as food, fuel and water run short. He added that his brother-in-law, who works as a doctor, is having to make decisions about who should be treated, while the hospitals in Gaza run out of body bags.

Persons: Humza Yousaf, Yousaf's, Israel, Yousaf, Elizabeth, Maged, Nakla, Gerhard, Rishi Sunak, Andrew MacAskill, Kate Holton, Andrew Cawthorne Organizations: Reuters, Scottish National Party, REUTERS, London ., Thomson Locations: Gaza, ABERDEEN, Scotland, Israel, Aberdeen, Britain, British, London, London . British, Dundee, Palestinian, Scottish, Glasgow, Pakistan, Kenya

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

☆ U.S. says North Korea delivered 1,000 containers of equipment and munitions to Russia for Ukraine war
▼ + stars: | 2023-10-14 | by ( ) www.cnbc.com time to read: +4 min

Vladimir Smirnov | Afp | Getty ImagesThe White House said on Friday that North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia for its ongoing war in Ukraine. The containers were shipped between Sept. 7 and Oct. 1 between Najin, North Korea, and Dunay, Russia, according to the White House. It threatened to respond in line with its escalatory nuclear doctrine that authorizes the preemptive use of nuclear weapons. The U.S. has accused North Korea of previously providing ammunition, artillery shells and rockets to Russia. After decades of hot-and-cold relations, Russia and North Korea have drawn closer since Moscow's invasion of Ukraine in 2022.

Persons: Vladimir Putin, Kim Jong, Vladimir Smirnov, Kim Jong Un, John Kirby, Kim, Kirby, Putin Organizations: North, Vostochny, Afp, Getty, White, National Security, Democratic People's, Korean Central News Agency, The, Strategic, International Studies Locations: Amur, Korea, Russia, Ukraine, North Korean, Russian, Najin, North Korea, Dunay, DPRK, Democratic People's Republic of Korea, Pyongyang, U.S, South Korea, Moscow, Washington, United States

WASHINGTON (AP) — The White House said on Friday that North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia for its ongoing war in Ukraine. The containers were shipped between Sept. 7 and Oct. 1 between Najin, North Korea, and Dunay, Russia, according to the White House. The U.S. has accused North Korea of previously providing ammunition, artillery shells and rockets to Russia. North Korea has previously denied providing weaponry to Moscow. After decades of hot-and-cold relations, Russia and North Korea have drawn closer since Moscow’s invasion of Ukraine in 2022.

Persons: Kim Jong Un, Vladimir Putin, John Kirby, Kim, Kirby, “, Putin, Kim Il Sung, Kim Jong, Antony Blinken, Dmytro Kuleba, Kuleba Organizations: WASHINGTON, North, National Security, Democratic People's, Korean Central News Agency, The, Strategic, International Studies, Hamas, Ukrainian Foreign, State Department Locations: Korea, Russia, Ukraine, North Korean, Russian, Najin, North Korea, Dunay, DPRK, Democratic People's Republic of Korea, Pyongyang, U.S, South Korea, Moscow, Washington, United States, Soviet, North, Soviet Union, Israel

☆ America’s Short-Lived Show of Unity
▼ + stars: | 2023-10-13 | by ( Susan Milligan | ) www.usnews.com time to read: +8 min

Then America's deep political divisions surfaced with a vengeance, with politicians blaming political foes for the crisis, and others turning the terrorist attack into a judgment of Israel, its government, Jews in general and the plight of the Palestinian people. Later, Trump extended his jabs at U.S. ally Israel, saying in a campaign speech that the country's defense minister was "a jerk." Trump also said Hezbollah, another designated terrorist group in Lebanon is "very smart," angering U.S. and Israeli officials alike. Some progressives are pushing back at fellow members of the Democratic Socialists of America, who have been holding pro-Palestinian rallies just days after the Hamas attack. "Some are using really over-the-top rhetoric to try to score political points against the Biden administration.

Persons: Israel, Joe Biden, Ukraine –, Bill Ackman, Strawn –, ”, Rashida, Steve Scalise, Summer Lee, Scalise –, Brett Bruen, Barack Obama, unfroze, Qatar –, –, Biden, it's, Sen, Tim Scott, Nikki Haley, Donald Trump, Trump, John Kirby, Shlomo Karhi, Tlaib, Jack Bergman, Alexandria Ocasio, Shri Thanedar, American University professor Jordan Tama, Tama Organizations: Harvard, Winston, Defamation League, Democratic, Republican Rep, GOP, Republican, Israel, Georgetown University, Biden, White, United, South Carolina Republican, Security, Tlaib, Democratic Socialists of America, Cortez , New York Democrat, Times, American University professor Jordan, . Foreign, Cooperation Locations: Israel, Afghanistan, Ukraine, Michigan, Pennsylvania, Iran, Qatar, United States, Russia, China, U.S, New Hampshire, Lebanon, Alexandria, Cortez , New York

☆ If you were thinking about moving to Portugal, it just got a whole lot more expensive
▼ + stars: | 2023-10-12 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Portugal is ending a hefty tax break for foreigners in 2024 that incentivized many to move there. But come 2024, it will be significantly more expensive to live there if you're coming from another country. Now those moving to Portugal in 2024 and beyond will have to pay the same amount of income tax as everyone else, Le Monde reported. Americans already living in Portugal, like Dan Bagby and his wife, Michelle, who moved to Lisbon from Texas in 2021 , won't be immediately affected. But with the cost of living going up and reaching levels of parity with other countries, foreigners may not move to Portugal at all.

Persons: reconsidering, —, Alex Ingrim, Chase Buchanan, António Costa, Le Monde, Ingrim, Jose Manuel Ribeiro, it's, Dan Bagby, Michelle, Dan, Michelle Bagby, Bagby, We've, I'm Organizations: Service, Reuters, The New York Times, Citizen Solutions, Eurostat, Associated Press Locations: Portugal, Lisbon, stoke, Texas, Austin , Texas, France, Italy, Spain

☆ What is a kibbutz? A brief history of the communes targeted in the Hamas terror attack
▼ + stars: | 2023-10-11 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +5 min

This July 1938 shows workers in the orange grove of the Na'an kibbutz. Deganya, which is still inhabited today, is considered Israel’s first kibbutz. But the kibbutzniks, as kibbutz residents are known, are still largely viewed as left-leaning. Israeli forces extract dead bodies of Israeli residents from a destroyed house in Kfar Aza on Tuesday. Neta is missing from Be’eri kibbutz, a community of about 1,000 near Gaza known for its successful printing press and art galleries, where more than 100 bodies have been found.

Persons: Kluger Zoltan, Israel, Bernie Sanders –, Ilan Troen, Deborah Matias, Hayim Katsman, ”, Adrienne Neta, Be’eri “, ’, Ilia Yefimovich, Katsman, Britney Spears, Rihanna, Justin Timberlake, Kfar Aza, “, Jonathan Conricus Organizations: CNN, Jewish Virtual Library, Bettmann, Volunteers, Jewish Agency for Israel, West Bank, Brandeis University, Israel Locations: Galilee, Europe, Ottoman, AFP, Israel, Thailand, Jerusalem, Gaza, Massachusetts, Kfar Aza, Be’eri

☆ U.K. Foreign Secretary Arrives in Israel
▼ + stars: | 2023-10-11 | by ( ) www.wsj.com time to read: 1 min

U.K. Foreign Secretary James Cleverly arrived in Israel on Wednesday to meet with senior Israeli officials and outline how Britain could help the country with its right to defend itself. The U.K.'s Foreign Office said the trip was a show of solidarity with Israel, which is an ally of the North Atlantic Treaty Organization, in the wake of the attacks by militants.

Persons: James Organizations: Foreign, Atlantic Treaty Organization Locations: Israel

RUSSIAN DEATH TOLL IN HAMAS ATTACKS RISES TO 4MOSCOW — Russia’s embassy in Israel said the number of Russian citizens killed in the latest Israel-Palestinian war has risen to four. Previously, two Russian citizens were believed to have been killed and four were missing, according to Anatoly Viktorov, Russian Ambassador to Israel. 2 RUSSIAN CITIZENS WERE KILLED IN HAMAS ATTACKS IN ISRAELMOSCOW — Russia’s ambassador to Israel said that two Russian citizens have been killed in of the latest Israel-Palestinian war. Viktorov said that four other Russian citizens remain missing. He said the embassy has no information confirming Hamas’ claim that several Russian citizens were among the hostages it has taken.

Persons: Israel pummeled, Elon Musk, Musk, Marina Ryazanova, Anatoly Viktorov, Abdel Fattah el, JERUSALEM —, Cross, Fabrizio Carboni, we’ve, ” Carboni, “, Volker Türk, Türk, ”, ” PUTIN, Vladimir Putin, Mohammed Al, Sudani, Putin, regrettably hasn’t, ” Putin, Leo, Khan Younis, Chancellor Olaf Scholz, INDIA'S MODI, Narendra Modi, Benjamin Netanyahu, ” Modi, Modi, ISRAEL MOSCOW —, Israel, Anatoly Viktorov didn’t, hasn’t, Viktorov, MACRON, Emmanuel Macron, Olaf Scholz, Macron, Muqtada al, National Security Iyad, Bazm, Dmitry Peskov, Mahmoud Abbas, Peskov, it’s, Volodymyr Zelenskyy’s, Tarik Jazarevic, HAVE Organizations: ‘, Twitter, Tass, International Committee, ICRC, Associated Press, HUMAN RIGHTS, The United Nations, Palestinian, Tuesday, Iraqi, MSF, Shifa Hospital, Nasser Hospital, ISRAEL BERLIN, German Foreign Ministry, Indian, Israel’s, Israel, ISRAEL MOSCOW, Hamas, Ministry of Interior, National Security, Kremlin, WHO, The United, World Health Organization, United Nations, UNRWA, PARIS — France’s Locations: Israel, Gaza, U.N, ISRAEL, MOSCOW, Russian, Egypt, Palestinian, Geneva, GAZA, U.S, GAZA CAIRO, Gaza City, Khan, Shalom, GERMANY, Israeli, Germany, DELHI, India, FRANCE, MACRON HAMBURG, Iran, Hamburg, France, IRAQ, GAZA BAGHDAD, Sadr, Najaf, Iraq, RAFAH, Rafah, RUSSIA, Moscow, GAZA GENEVA, The United Nations, UN, BEIRUT

☆ Latinos with advanced degrees more than doubled from 2000 to 2021, study says
▼ + stars: | 2023-10-06 | by ( Kaitlyn Schwanemann | ) edition.cnn.com time to read: +2 min

CNN —The number of Latinos with advanced degrees has more than doubled in the last 20 years, according to a new Pew Research Center analysis. In the study, Pew found that in 2021, nearly 2.5 million Latinos held advanced degrees, compared to 710,000 in 2000. As of 2021, about 290,000 more Hispanic women had advanced degrees than men, the analysis revealed. Most Latinos with advanced degrees hold a master’s as their highest level of education, according to the analysis. Despite the nearly two-fold increase in Latinos with advanced degrees, they account for just 8% of all advanced degree holders in the US — even though they represent 19% of the population.

Persons: Pew Organizations: CNN, Pew Research, Black, Survey, American Community Survey ., Miami Locations: United States, New York, Miami, American Community Survey . New York, Angeles, Foreign

The village and other parts of the region were seized by Russia early in the war and recaptured by Ukraine in September 2022. The village is only 30 kilometers (19 miles) west of Kupiansk, a key focus of the Russian military effort. Ukraine’s air force said that the country’s air defenses intercepted 24 out of 29 Iranian-made drones that Russia launched at the Odesa, Mykolaiv and Kirovohrad regions. Roman Starovoit said that Ukrainian drones attacked infrastructure facilities in several areas, resulting in power cuts. He also said that Ukrainian forces fired artillery at the border town of Rylsk, wounding a resident and damaging several houses.

Persons: Volodymyr Zelenskyy, Zelenskyy, Ihor Klymenko, Andrii Yermak, Oleh, ”, Biden, Russia ”, Andriy Raykovych, Oleksandr Prokudin, Roman Starovoit, Dasha Litvinova Organizations: Internal, Kharkiv Gov, Emergency, West, Political Community, Foreign, U.S . Congress, Gov, ___ Associated Press Locations: KYIV, Ukraine, Russian, Kyiv, Spain, Hroza, Kharkiv, Russia, Kupiansk, Granada, “ Russia, United States, Washington, Europe, Moscow, Mykolaiv, Kirovohrad, Kherson, Krasnohorivka, Donetsk, Beryslav, Russia's Kursk, Rylsk, ___, Tallinn, Estonia

☆ Something is breaking in financial markets — Here's what's behind the sell-off
▼ + stars: | 2023-10-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

Brendan McDermid | ReutersThat cracking sound in financial markets isn't the typical kind of break, where one asset class or another fractures and gives way. "The cost of capital is going up, companies are going to have to refinance at a higher rate." That sentiment was buttressed this week, when at least four central bank officials either endorsed hikes or indicated that higher rates would be staying in place for an extended period. Consumers, for one, are feeling the squeeze of higher rates on everything from mortgages to credit cards to personal loans. "Now, at some point, my guess is that markets will eventually get to cheap enough levels where you'll bring buyers in.

Persons: Brendan McDermid, Quincy Krosby, Krosby, Larry McDonald, Treasurys, McDonald, It's, Joseph LaVorgna, LaVorgna, Donald Trump, I've Organizations: New York Stock Exchange, Federal Reserve, Treasury, LPL, Labor Department, Wall, P Bank ETF, Congressional, Treasury Department, The, White House, National Economic Council, Nikko Securities Locations: New York City, Washington, U.S

☆ Republican blockade of Ukraine aid and Slovakia’s election play into Putin’s hands
▼ + stars: | 2023-10-02 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Fico anchored his campaign on his anti-US rhetoric, vows to stop sending weapons to Ukraine and a pledge to thwart Kyiv’s NATO ambitions. The GOP tide against Ukraine gathers strengthZelensky’s visit to Washington to shore up Ukraine aid last month looks prescient. At Republican campaign events, voters often voice antipathy to sending billions of dollars to Ukraine, and polls show rising public skepticism. Still, for now, there is a bipartisan Washington majority in favor of Ukraine aid, although the chaos in the GOP raises questions about how it will be delivered. So we’ve got to find a way that we can do this together.”But if McCarthy is toppled and replaced by a more radical speaker, Ukraine could run out of luck.

Persons: Kevin McCarthy didn’t, Joe Biden, Vladimir Putin, Volodymyr Zelensky, Biden, McCarthy, Robert Fico’s, Fico, –, Putin, Donald Trump, Fico’s, Trump, embolden Putin, “ Putin, Mike Quigley, “, ”, Matt Gaetz, Marjorie Taylor Greene, “ Joe Biden, Dmytro Kuleba, ” Kuleba, “ They’re, we’ve Organizations: CNN, Russia, Ukraine, Republican, NATO, Ukraine –, Kyiv, Brexit, “, Soviet MiG, European Union, GOP, Democratic, Illinois, Congressional Ukraine Caucus, Democrat, Rep, Trump Georgia Rep, Foreign, CBS, Trump Locations: Ukraine, Slovakia, US, Poland, Warsaw, Western, Kyiv, France, Germany, “ Slovakia, Slovakian, Russia, Soviet, United States, Turkey, Sweden, Moscow, Czechoslovakia, Soviet Union, Bratislava, Washington, Biden’s, Florida, ” Ukraine

☆ US lawmaker Phillips, eyeing 2024 challenge to Biden, leaves House leadership role, Axios reports
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: 1 min

Rep. Dean Phillips speaks when U.S. Secretary of State Antony Blinken testifies before the House Committee on Foreign Affairs on The Biden Administration's Priorities for U.S. Foreign Policy on Capitol Hill in Washington, DC., U.S., March 10, 2021. Ting Shen/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 1 (Reuters) - Democratic U.S. Representative Dean Phillips, who has floated a possible primary run against President Joe Biden for the 2024 election, has stepped down from his leadership role in the House of Representatives, Axios reported on Sunday, citing a statement. Reporting by Gram Slattery; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Dean Phillips, Antony Blinken, Ting Shen, Joe Biden, Axios, Gram Slattery, Grant McCool Organizations: Foreign Affairs, The Biden, . Foreign, Rights, Democratic U.S, Representatives, Thomson Locations: Washington ,

☆ Can China's economy reverse a sluggish 2023 in the last quarter? Here's what to watch
▼ + stars: | 2023-09-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

In 2020, Beijing tried to rein in real estate developers' high reliance on debt with new restrictions on financing. "The decline in the real estate sector was the result of the government's intentional measures to correct the bubbles in the market," Yao said. But he and other economists mostly don't expect real estate to return to significant growth in the future. Morgan StanleyThis week, worries about China's real estate sector persisted with highly indebted Evergrande running into more liquidity problems — along with reports Wednesday its chairman has been put under surveillance. This month, weekly data from Nomura indicate the real estate sales slump has moderated.

Persons: Stringer, Yao Yang, Yao, Dan Wang, Morgan Stanley, Clifford Lau, William Blair, China's, Robin Xing, there's, Bruce Pang, Pang doesn't Organizations: Afp, Getty, National School of Development, Peking University, Hang, China Center for Economic Research, Communist Party, Financial Work, Communist Party of, Nomura, CNBC Locations: Chongqing, China, BEIJING, Covid, Beijing, Shanghai, Hang Seng China, Communist Party of China, JLL

REUTERS/Mike Segar Acquire Licensing RightsWASHINGTON, Sept 26 (Reuters) - Charges that Senator Bob Menendez accepted bribes in exchange for wielding his influence to aid the Egyptian government prompted calls in the U.S. Congress on Tuesday for the Biden administration to rethink $235 million in military aid to Cairo. Democratic Senator Chris Murphy, who chairs the Senate Foreign Relations Committee's Middle East subcommittee, said he hoped the committee would investigate the allegations and Egypt's involvement. "I have not talked to colleagues about this yet, but obviously this raises pretty serious questions about Egypt, Egypt's conduct," he said. The indictment against Menendez also says he had close relationships with members of Egypt's intelligence services and held meetings to discuss U.S. military aid. He has stepped down temporarily from his role as chairman of the powerful Senate Foreign Relations Committee.

Persons: Robert Menendez, Nadine Menendez, Mike Segar, Bob Menendez, Biden, Chris Murphy, Menendez, Murphy, Joe Biden's, Don Beyer, Beyer, Patricia Zengerle, Tom Hogue Organizations: REUTERS, Rights, U.S, Congress, Democratic, Relations, Foreign Relations, Egypt Human Rights Caucus, U.S . Senate, CNN, Thomson Locations: Jersey, Union City , New Jersey, U.S, Cairo, Egypt, Washington

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