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India: The most recent moon landing before Japan’s was successfully completed by India, whose spacecraft touched down last year near the unexplored south pole of the moon. The most recent moon landing before Japan’s was successfully completed by India, whose spacecraft touched down last year near the unexplored south pole of the moon. China: The country made its first lunar landing in 2013 on the near side of the moon. The country is planning to undertake another moon mission in the next few years. The country is planning to undertake another moon mission in the next few years.
Persons: ” Hitoshi Kuninaka, SLIM, Japan’s, Vladimir Putin’s, it’s Organizations: Institute of Space, Japan Aerospace Exploration Agency, JAXA, Smart, Soviet Union, Innovation Nations, News Locations: Japan, U.S, India, Russia, China, United States
"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.
Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, , Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut
The key to cutting emissions from cars and light trucks that are heating the planet could lie with the nation’s super drivers, the small percentage of American motorists who drive, on average, about 110 miles per day. If more of those drivers switched to electric vehicles from gasoline-powered models, it would make a major dent in greenhouse gases from transportation, which have so far been slow to decline, according to a new analysis published on Wednesday by Coltura, an environmental nonprofit group based in Seattle. While the average American driver travels about 13,400 miles per year, people who buy electric vehicles today tend to drive them less than that, limiting the climate benefits of switching to a cleaner car. By contrast, the top 10 percent of motorists in the United States drive an average of about 40,200 miles per year and account for roughly one-third of the nation’s gasoline use. Persuading more of these “gasoline superusers” to go electric would lead to a much faster reduction in emissions, the Coltura report found.
Persons: Coltura Locations: Seattle, United States
Wall Street's outlook on Fed rate cuts is setting the stage for a "lose-lose situation," says Deutsche Bank macroeconomic strategist Henry Allen. Indeed, the last four times we've seen rate cuts that fast, it's been because of the most recent four U.S. recessions," he wrote. To be sure, rapid rate cuts without a preceding recession isn't an impossible scenario, but that doesn't mean it's likely either, Allen noted. Paul Volcker's chairmanship of the Fed in the 1980s, for example, saw steep rate cuts, although that followed a period of extremely restrictive monetary policy. "[It's] hard to see how both rate markets and risk markets can both continue to thrive as they have recently," Stanley said.
Persons: Henry Allen, Allen, Paul Volcker's, Allen isn't, Stephen Stanley, Stanley, Stocks, Deutsche Bank's Allen Organizations: Deutsche Bank, Markets, Federal, Traders, Santander U.S, Deutsche Locations: U.S, Vietnam
Here are six reasons drugs in the United States cost so much:1. In the United States, negotiations with drug makers are split among tens of thousands of health plans, resulting in far less bargaining muscle for the buyers. Other nations also conduct careful analyses of how much additional benefit a new drug presents over drugs already on the market — and at what cost. If the cost is too high and the benefit too small, those countries are more willing to say no to a new drug. Health policy analysts say that is a start, but much broader negotiating authority is needed to make a dent in drug prices overall.
Persons: , Stacie Dusetzina Organizations: Vanderbilt University School of Medicine, Pharmaceutical, Industry Locations: United States
Straining to recover after a bruising defeat in Iowa, Gov. At the same time, the shift could put new pressure on Ms. Haley in South Carolina, where she once served as governor. As Mr. DeSantis’s team licked its wounds on Wednesday, his super PAC, Never Back Down, trimmed operations in several places, including Nevada. Other staff members were also laid off, including almost the entire online “war room” team, a person with knowledge of the matter said. It was unclear how many people in all lost their jobs.
Persons: Ron DeSantis, Nikki Haley, Donald J, Trump, Haley Organizations: Gov, PAC Locations: Iowa, Florida, South Carolina, New Hampshire, Nevada
The ruling issued Wednesday by the U.S. Court of Appeals in Washington comes three weeks after it blocked the ban. Apple is still trying to persuade the federal appeals court to overturn the ITC's ruling, but Wednesday's decision means the company is no longer insulated from the U.S. sales ban. The Cupertino, California, company also could negotiate a settlement with Masimo that would clear the way for it to continue selling the Apple Watch models with the blood-oxygen sensor. Having to pull its two top Apple Watches from the U.S. would put a small dent in the company's annual sales of $383 billion. Although the company doesn't disclose the volume of Apple Watch sales, analyst estimate the product accounts for about $18 billion in annual revenue.
Persons: specter, Masimo, Apple Organizations: U.S ., Apple, U.S . International Trade Commission, Apple Watch, U.S . Customs, U.S Locations: U.S, Washington, Cupertino , California, American
Mr. Trump is the first former president in the modern era who has sought to return to the White House. Regardless of what comes next, Mr. Trump’s Iowa victory amounts to a remarkable resurrection of a political career that had once appeared in tatters. Image Mr. Trump greeted supporters after a Fox News town hall in Des Moines. If Mr. Trump does become the nominee, the 2024 campaign will have few modern parallels. A different case making its way through the federal courts will test Mr. Trump’s claim that he should be immune from prosecution.
Persons: Donald J, Trump, Trump’s, Ron DeSantis, Nikki Haley, DeSantis, Haley, Biden, , ” Mr, Vivek Ramaswamy, Maansi Srivastava, Mr, “ We’ve, Haley’s, , Hilary Swift, , Mike Pence, Tim Scott, Chris Christie, Doug Burgum, Ramaswamy, Long, Haiyun Jiang, Jack Smith Organizations: The Associated Press, Republican, United Nations, Capitol, Senate, clapped, Horizon, New York Times, American, Republicans, PAC, National Weather Service, Mr, Trump, The New York Times, Service, Gov, Fox News, Des Moines . Credit, Justice Department, Biden, Locations: Clive , Iowa, Iowa, Florida, New Hampshire, South Carolina, Trump’s Iowa, tatters, “ Iowa, New Hampshire , Nevada, state’s, New York, North Dakota, Des Moines, Georgia, “ America
Des Moines, Iowa CNN —The storied history of the Iowa caucuses has never seen anything like this. Haley: ‘The fellas are scared’Unlike DeSantis, Haley isn’t wagering her campaign on Iowa. Icicles hang from the roof as people arrive for a Haley campaign event at the Thunder Bay Grille on January 13, 2024, in Davenport, Iowa. Chip Somodevilla/Getty ImagesYet Iowa has has raised existential questions for the DeSantis campaign. And time is short, because the Iowa campaign is ending just as it began — with the former president on top.
Persons: shivers, Donald Trump, they’re, , Nikki Haley, Ron DeSantis, Iowans, ” Trump, Trump, , DeSantis, Haley, Chris Christie’s, she’d, Vivek Ramaswamy, Xi Jinping, Nigel Farage, , ” –, patriotically, we’re, caucusgoers, Ramaswamy, , Haley slugged, admonitions, Judge Arthur Engoron, Sharon Mancero, ” Mancero, Mancero, Joe Biden, he’s, Clinton, , Haley isn’t, She’s, ” Haley, Will Hurd —, Trump —, That’s, Win McNamee, that’s, George W, Bush, “ We’re, Mark Harris, Haley’s, Lovisa, Swede, ” Tedestedt, Chip Roy, Louis, Stanley, Chip Somodevilla, Joel Rudman, “ I’ve, ” Rudman, It’s, ” DeSantis, Biden, it’s, ” CNN’s Kit Maher, Veronica Stracqualursi Organizations: Des Moines , Iowa CNN, House, Former South Carolina Gov, Trump, Trump –, New, New Jersey Gov, “ Trump, Iowa Republicans, Capitol, Iowa, Des Moines Register, NBC, Republican, GOP, Republicans, Des Moines, Senate, CNN, New York Stock Exchange, Social Security, Jimmy Centers, Iowa Republican, South Carolina, Former Texas GOP, , White House, Ankeny, Haley, America, South Carolina Republican, Texas, Florida Panhandle, Centers Locations: Des Moines , Iowa, Iowa, week’s, Hampshire, Florida, New York, Washington, Cedar Rapids, Waterloo, Sioux City, New Jersey, British, Indianola, Clinton , Iowa, DeSantis, Des, Fox, Wall, Manhattan, New Hampshire, Cedar Falls, Ankeny, South, Davenport , Iowa, Granite, St, Hubbard , Iowa
Read previewA Pennsylvania police officer charged with sexually assaulting a woman told her he didn't "intentionally rape" her, court documents show. Justin Hain, an officer for the Steelton Burough Police Department in Pennsylvania, was charged with rape on January 11, court documents show. Court records show that Hain is facing four felony charges and two misdemeanors. AdvertisementPolice said the woman told them that Hain approached her when she got out of the shower with a "weird grin" and she told him not to touch her. A judge set Hain's bail at $50,000, court records showed.
Persons: , Justin Hain, Hain, Penn, It's, " Hain, Francis Chardo, WHTM, Ciera Dent, Chardo, they're Organizations: Service, Steelton Burough Police Department, Business, Penn Live, Police, Penn, ABC, Borough Police Department Locations: Pennsylvania, Dauphin County
Investors in bitcoin mining stocks are closely watching the price of the cryptocurrency after the Securities and Exchange Commission's move to allow spot bitcoin ETFs became a sell-the-news event. After the ETFs received regulatory approval last week, the flagship currency briefly touched $49,000. As the week went on, however, bitcoin wiped out its earlier gains and notched a modest weekly loss of 0.01%. "If [the bitcoin price] gets to $45,000 or below only the newest, most efficient miners with the … lowest cost power are going to be able to stay online." "We would view any sell-off [in mining stocks] as a buying opportunity, as the ETF does not directly impact mining economics or change competitive dynamics, and we remain bullish on bitcoin and bitcoin miners in 2024," he wrote.
Persons: bitcoin, Reginald Smith, Chase White, they're, White, Iris Energy, Smith, Iris Organizations: Securities, Exchange, Marathon Digital, JPMorgan, bitcoin's, Compass, Iris, Cipher Mining, Iris Energy
WEST DES MOINES, Iowa—Political operatives have long said having a robust organizational effort that can turn out supporters on a cold winter night is critical for success in Iowa’s presidential caucuses. This year’s weather is taking the cold part to the extreme: Forecasts call for the lowest temperatures ever for an event that dates back to the 1970s. That could put a dent in turnout, especially among older voters, for the first 2024 Republican nomination balloting.
Organizations: DES Locations: DES MOINES, Iowa
The final poll from Iowa’s premier pollster, Ann Selzer, has Trump at 48% followed by former South Carolina Gov. If the final outcome Monday night mirrors the poll, Trump will have won the highest Iowa GOP caucus vote share for a non-incumbent ever. A Haley win in the first primary race in the nation would indicate that Trump is not invincible. He did more than 5 points better than where his final Iowa poll had him. (His 28-point margin over Bradley was the same as the final poll found, as both Bradley and Gore won some undecided voters.)
Persons: Donald Trump, Ann Selzer, Nikki Haley, Ron DeSantis, Trump, , They’re, Haley, Chris Christie –, George W, Bush, didn’t, Steve Forbes, John McCain, Patrick Buchanan, Bob Dole, Buchanan, McCain, Gary Hart, Walter Mondale, Hart, Haley isn’t, DeSantis, Al Gore, Gore, Bill Bradley, Bradley, Trump . Gore, Dole Organizations: CNN, Trump, South Carolina Gov, Florida Gov, Iowa GOP, Granite State, New, New Jersey Gov, University of New, Dole, Democratic, Republican, Trump . Locations: Iowa, New Hampshire, Granite, New Jersey, University of New Hampshire, Hampshire, Granite State, Trump, South Carolina, Florida
The small-cap Russell 2000 has dropped close to 4% against a fractional gain in the S & P 500 year to date. In broad terms, the S & P 500 could retreat to 4600 or so – about 4% down from here – and still be in a routine technical check-back to its latest launch point in early December. Todd Sohn of Strategas notes that the Invesco S & P 500 Equal Weight ETF (RSP) saw inflows go vertical last year to $13.5 billion, 30% above its prior 12-month record. Betting on 'peacetime' Fed cuts Right or wrong, the market debate right now can never get far before turning into a Fed-policy-path discussion. Last week's CPI and PPI data added to the market's collective conviction that inflation's downside momentum is strong, opening the way for "peacetime" Fed rate cuts.
Persons: that's, Russell, Ned Davis, Tim Hayes, Tony Pasquariello, Goldman Sachs, Henry McVey, KKR's, McVey, Morgan Stanley, Todd Sohn, Strategas, they're, Jerome Powell Organizations: Ned Davis Research, Goldman, Nasdaq, Apple, CPI, PPI Locations: U.S
Read previewIn the wake of US and UK airstrikes in Yemen early Friday, Russia sought to portray itself as an opponent to impetuous Western aggression. Zakharova said the strikes showed a "complete disregard for international law" and were "escalating the situation in the region." AdvertisementYemen's Houthi loyalists lift their weapons as they take part in an armed parade on December 20, 2023, in Amran province, Yemen. The Houthis say they are acting in support of Palestinians amid Israel's attacks on Gaza, and are targeting vessels bound for Israel. A wider conflict in the region would divert Western focus away from helping defend Ukraine from Russia's invasion, and sap Western resources.
Persons: , Maria Zakharova, Zakharova, Iran's, Yemen's, Mohammed Hamoud, Israel, shouldn't, Hanna Notte, . Robert Dover, Vladimir Putin, KREMLIN.RU, Putin audaciously, Putin, Anna Borshchevskaya Organizations: Service, Business, UN, New York Times, Center for Strategic, International Studies, UN Security, University of Hull, Dover, United, United Arab Emirates, REUTERS, Hamas, Washington Institute Locations: Yemen, Russia, Amran province, Iran, Red, Gaza, Israel, Africa, Russian, Moscow, Ukraine, Qasr Al Watan, Abu Dhabi, United Arab, Handout, REUTERS Russia, Russia's, Saudi Arabia, UAE
Carbon emissions shrank in 2023 even as the economy grew, a sign the U.S. is plodding toward a more sustainable future. "This is the first time since 2019 that the economy has grown while emissions have fallen," said Ben King, an associate director leading the Rhodium Group energy team. U.S emissions fell sharply in 2020 during the coronavirus pandemic, when activities were restricted, and then rebounded in the two years that followed. The Biden administration, which rejoined the Paris Climate Agreement in 2021, said it would target emission cuts of 50% to 52% by 2030. The power and buildings sectors were responsible for the 2023 emissions decline, according to the Rhodium analysis.
Persons: Ben King, Biden, King, Joe Biden's Organizations: U.S, Stockholm Environment Institute, EV, U.S . Locations: Los Angeles, Los Angeles , California, Paris, Stockholm, Greenland, West Antarctica, East Antarctica, U.S
One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture. Direct air capture is already a growing business, and governments around the world are adding to it, providing tax incentives and grants to help spur the industry forward. Some of the first firms to do it, such as Climeworks and Carbon Capture, use massive fans in the process. Similar to other direct air capture companies, Avnos is benefiting from both government tax credits and direct funding. In addition to JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Foundation's Neglected Climate Opportunities Fund and Rusheen Capital Management.
Persons: it's, Will Kain, Avnos, Kain, Amy Burr Organizations: JetBlue Ventures, Avnos, Shell Ventures, Rusheen Capital Management, CNBC PRO Locations: California, Grantham, VCs
The rise of Prime comes at a time when key beverage stocks are struggling for traction. PEP 1Y mountain Shares of Pepsico have fallen over the past 12 months, along with its two main peers. Pepsi, for instance, is pushing newer versions of Gatorade with Gatorade Zero, G-Fit and Gatorlyte, as well as the Fast Twitch energy drink. Where to invest The exact impact of sports drinks on beverage stocks can be hard to determine. The big three companies do not break out the financials for their sports drink brands individually, and any impact could be outweighed by other categories, like Pepsi's snack foods.
Persons: Ramon Laguarta, , Logan Paul —, Laguarta, Dr Pepper, Lauren Lieberman, Lieberman, There's, Z'ers, Gerald Pascarelli, Pascarelli, Keurig Dr Pepper, Electrolit Organizations: Pepsico, YouTube, Pepsi, Gatorade, Coca, PEP, Barclays, Holdings, CNBC, Nielsen, Grupo PiSA, Keurig Locations: United States, Mexican, Electrolit, LSEG
By Andrew MacAskillLONDON (Reuters) - Former British Prime Minister Boris Johnson will make a much-anticipated appearance before an inquiry into the handling of the coronavirus pandemic on Wednesday with his personal reputation and that of the Conservative government at stake. He was said to have asked at one point if blowing a hair-dryer up his nose could kill the virus. The inquiry is assessing decision-making through written and oral evidence from former and current ministers and officials. It has also been given access to private messages they exchanged in the run-up to, and at the height of, the crisis. In private messages seen by the inquiry, Simon Case, Britain's most senior civil servant, claimed in private messages that his boss changed "strategic direction every day" and he was unable to lead.
Persons: Andrew MacAskill, Boris Johnson, Johnson, Rishi Sunak, Patrick Vallance, , Dominic Cummings, Eddie Lister, Lee Cain, Simon Case, Angus MacSwan Organizations: Andrew MacAskill LONDON, British, Conservative, Britain, Conservatives, Labour Party Locations: COVID, Britain, Downing
Many thought the internet would eventually kill the 6% real estate commission. Even as the ranks of stockbrokers and travel agents have dropped in recent years as commissions petered out, the number of real estate agents has grown and their typical commissions are bigger than ever as home prices have risen. That is largely because of the power of the National Association of Realtors, an influential lobbying group that represents 1.5 million real estate agents. How real estate commissions workHome sellers are usually on the hook for their real estate agent’s commission as well as for paying the agent that represents the buyer. Real estate agents will tell you commissions are negotiable — and they are.
Persons: Sellers, , Jordan Barry, , Tiffany Hagler, won’t, Babiracki Barlow, “ we’ve, Vasi Organizations: DC CNN, Kansas City, Brookings Institution, stockbrokers, National Association of Realtors, University of Southern, National Association of Real, Exchanges, NAR, Association, Geard, Bloomberg, Getty, realtors, Agents, MLS, Department of Justice, DOJ, California Association of Realtors, New, Real, Board Locations: Washington, New York City, University of Southern California, Larchmont , New York, Boston, New York, New York —, York
Should Trump Believe the Polls?
  + stars: | 2023-12-01 | by ( Lauren Camera | ) www.usnews.com   time to read: +11 min
Former President Donald Trump is a polls guy. He’s currently languishing in fourth place, according to polls, behind Trump, Florida Gov. “In 2016, we experienced the phenomenon of the silent Trump voter, those who were secretly for Trump but feared being ostracized if they said so publicly,” he wrote. “A majority of the party is Maybe Trump,” Ayres says. A separate New Hampshire primary poll from Monmouth University and The Washington Post taken Nov. 9-14 shows similar results.
Persons: Donald Trump, Hillary Clinton, Trump, Bradley, , Tom Bradley, , Adam Geller, , MAGA, Chris Christie’s, Christie, ” Christie, Mitt Romney, Mike Huckabee, Newt Gingrich, Sen, Rick Santorum, Ben Carson, Texas Sen, Ted Cruz, hasn’t, He’s, Ron DeSantis, Nikki Haley, they’re, South Carolina Sen, Tim Scott, Vivek Ramaswamy, Mark McKinnon, George W, Bush, John McCain, he’d, Whit Ayres, ” Ayres, Joe Biden, Haley, Ramaswamy, Civiqs, DeSantis, Jamie Dimon, Ayres, Jesus Organizations: White, Los Angeles, GOP, Capitol, National Research Inc, Trump, New, New Jersey Gov, Granite State Republicans, Donald Trump View, Arkansas Gov, MAGA Republican, Trump , Florida Gov, South Carolina Gov, South Carolina, Republican, North Star Opinion Research, Republican Party, University of New Hampshire Survey Center, Monmouth University, The Washington, Koch Locations: California, , New Hampshire, New Jersey, Iowa, Trump, Texas, Trump , Florida, Georgia, Hampshire, Tuscaloosa , Alabama, Florida
Gavin Newsom and Florida Republican Gov. Newsom, 56, has talked about eventually running for president but is backing President Joe Biden 's reelection in 2024. DeSantis is betting big on Iowa's first-in-the-nation presidential caucuses on Jan. 15 and could still turn things around. Florida is a onetime battleground where fiercely conservative DeSantis easily won reelection last year, while California is the country's largest Democratic state. Last year, amid some unease among Democrats about Biden’s reelection prospects, Newsom’s name was floated as a potential replacement for 2024.
Persons: Gavin Newsom, Ron DeSantis, Newsom, Joe Biden, Donald Trump, Nikki Haley, Sean Hannity, it's, Hannity, DeSantis, he's, , Biden, , Andrew Romeo, ” Newsom, Ronald Reagan Organizations: WASHINGTON, , — California Democratic, Florida Republican Gov, GOP, South Carolina Gov, Trump, Fox News, Fox, Democratic, Republican, Democrat, Ronald Reagan Presidential Locations: — California, DeSantis, Alpharetta , Georgia, Atlanta, Florida, California, Texas, , America, Simi Valley , California
Kim Yo Jong, sister of North Korea's leader Kim Jong Un, arrives at the Vostochny Сosmodrome before a meeting of Russia's President Vladimir Putin with North Korea's leader Kim Jong Un, in the far eastern Amur region, Russia, September 13, 2023. Sputnik/Vladimir Smirnov/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 30 (Reuters) - North Korea said it will never negotiate its sovereignty with the United States, criticising Washington as "double-faced" for offering talks while ramping up military activities in the region, state media KCNA reported on Thursday. Ambassador Linda Thomas-Greenfield and North Korean Ambassador Kim Song, both arguing that their countries' military activities are defensive. Kim Yo Jong said Thomas-Greenfield highlighted efforts to reopen talks with North Korea even as she lacked "justifiable ground" for denying its sovereign right to space development. The U.S. and South Korea have condemned the satellite launch as a violation of U.N. Security Council resolutions banning North Korea's use of any ballistic technology.
Persons: Kim Yo Jong, North, Kim Jong Un, Vladimir Putin, Vladimir Smirnov, Washington, Linda Thomas, Kim Song, Thomas, Greenfield, Kim, KCNA, Carl Vinson, Yoon Suk, Hyonhee Shin, Ed Osmond, Josie Kao Organizations: Sputnik, REUTERS Acquire, Rights, . Security, North Korean, North, U.S, DPRK, Democratic People's, Kadena, White House, Pentagon, South, Falcon, Thomson Locations: Amur, Russia, Rights SEOUL, North Korea, United States, U.S, Greenfield, South Korea, DPRK, Democratic People's Republic of Korea, San Diego, Japan, Pyongyang, Korean, Guam, Italy, Seoul, Washington
Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced during a campaign stop in Hooksett, New Hampshire, U.S., November 20, 2023. And last night, we concluded that analysis," the Koch group, Americans for Prosperity Action, said in a statement. "That candidate is Nikki Haley." The group promised Haley "the full weight and scope of AFP Action’s unmatched grassroots army and resources" in her bid to become the next U.S. president.
Persons: Nikki Haley, Brian Snyder, Charles Koch, Donald Trump, Trump, Joe Biden, Biden, Haley, Florida Governor Ron DeSantis, Doina Chiacu, Alistair Bell Organizations: U.S, United, REUTERS, Rights, South, Trump, White, Prosperity, Republican, Florida Governor, Thomson Locations: Hooksett , New Hampshire, U.S, South Carolina, United Nations
Barclays has identified European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. However, refinancing has now become far more difficult as rates have surged and are expected to stay elevated through 2025. The Wall Street bank believes refinancing debt at higher rates could dent earnings by 3% to 5% over the next two years, impacting stocks. CNBC Pro subscribers can read more about the stocks identified here.
Persons: — Ganesh Rao Organizations: Barclays, CNBC
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