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PHOENIX (AP) — The San Antonio Spurs were flailing in the fourth quarter Thursday night, struggling to find their footing after the Phoenix Suns erased a 27-point lead and threatened to finish an epic comeback victory. The 19-year-old rookie scored a season-high 38 points, Zach Collins added 19 and the Spurs held off Phoenix 132-121 on Thursday night. On Thursday, it looked as if San Antonio would win in a blowout. San Antonio pushed its advantage to 27 points midway through the second quarter, taking advantage of sloppy Phoenix play on both ends of the floor. The Spurs led 75-55 at the break after Wembanyama hit back-to-back 3s late in the second quarter.

Persons: Victor Wembanyama, It's, Zach Collins, Keita Bates, Someone's, ” Wembanyama, ”, Wembanyama, Frenchman, “, Gregg Popovich, “ He's, ” Phoenix's Devin Booker, Kevin Durant, Keldon Johnson, San Antonio, ” Booker, Bates, Booker, ___ Organizations: PHOENIX, San Antonio Spurs, Phoenix Suns, Spurs, Suns, NBA, ” Spurs, Phoenix, Toronto, Sunday . Suns, Philadelphia Locations: Phoenix, San Antonio, Durant, Antonio

☆ 'Bond King' Bill Gross says the US economy headed for a recession as more indicators flash in the 4th quarter
▼ + stars: | 2023-11-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US could be sinking into a recession by the fourth quarter, Bill Gross said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementThe US economy may be teetering into a recession, and indicators of coming weakness could soon be flashing red, according to "Bond King" Bill Gross. "We will see it in the fourth quarter," Gross said of a GDP slowdown. And of course, the US economy is 70% based on consumer spending," Gross said.

Persons: Bill Gross, —, Gross, We're Organizations: Service, CNBC, Atlanta Fed, Silicon Valley Bank, Fitch, of Labor Statistics, JPMorgan Locations: Silicon

The majority recognized a difference between firearms for personal use and those the state law reserves for “trained professionals,” semiautomatic weapons, including the popular AR-15. Sullivan said it's likely that plaintiffs in one or more of the multiple cases consolidated in Friday's opinion would seek a U.S. Supreme Court review, where he predicted victory. At least eight other states and the District of Columbia have some sort of prohibition on semiautomatic weapons. The Illinois Supreme Court upheld the law on a 4-3 decision in August. And such semiautomatic weapons are the choice of many gun owners for sport shooting and hunting, they say.

Persons: Diane Wood, ” Ed Sullivan, Sullivan, it's, “, J.B, Pritzker, ” Wood, Bob Morgan, ” Morgan, ” Organizations: Ill, —, Illinois, 7th District U.S, Illinois State Rifle Association, Democratic, Supreme, District of Columbia, Illinois State Police, U.S, “, Highland, Pritzker Locations: SPRINGFIELD, Chicago, Highland, U.S, Illinois, Deerfield

☆ Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The September quarter results will only encompass approximately a week of the iPhone 15 sales. AAPL YTD mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210. Morgan Stanley sees better-than-expected quarter results Morgan Stanley has an overweight rating and $210 price target on Apple. The company is leaning cautious on December quarter results due to iPhone supply shortages and consumer spending concerns.

Persons: Apple, Goldman Sachs, Michael Ng, Ng, We're, Morgan Stanley, Michael Bloom Organizations: Apple, Apple Watch, Deutsche Bank, JPMorgan, UBS Locations: China, U.S, Wednesday's

☆ We fully think things will slow down in the 4th quarter, say Morgan Stanley's Seth Carpenter
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe fully think things will slow down in the 4th quarter, say Morgan Stanley's Seth CarpenterSeth Carpenter, Morgan Stanley global chief economist, joins 'Squawk Box' to discuss the state of the U.S. economy, latest market trends, the Fed's rate hike campaign, impact of high Treasury yields, and more.

Persons: Morgan Stanley's Seth Carpenter Seth Carpenter, Morgan Stanley Locations: U.S

☆ Magic Johnson is now a billionaire, decades after turning down a Nike deal that could have netted him $5B
▼ + stars: | 2023-10-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Basketball icon Magic Johnson has been declared a billionaire by Forbes. Johnson recently revealed he passed on an early chance to buy Nike shares that could've netted him billions. AdvertisementAdvertisementForbes magazine has declared basketball star Magic Johnson a billionaire, decades after he lost out on a Nike deal that could have netted him $5 billion. The Nike deal would've seen Johnson paid $1 for every pair of trainers sold and 100,000 shares in company stock. Back then, Nike shares were worth around 18 cents each, while today they are valued at around $100, so a shares deal would've been hugely more profitable long term.

Persons: Magic Johnson, He's, Johnson, could've, —, Earvin Johnson, would've, Forbes, Johson, MLB's, Michael Jordan, LeBron James, Tiger Woods Organizations: Forbes, Nike, Service, LA Lakers, Converse, Sparks, MLB's Los Angeles Dodgers, MLS, PepsiCo, NBA Locations: Iowa

The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. Army/Handout via REUTERS/File Photo Acquire Licensing RightsINJE, South Korea, Oct 28 (Reuters) - South Korean and U.S. troops held joint future combat drills involving drones, an unmanned vehicle and wearable laser sensors this week as part of efforts to modernise their militaries, Seoul's army said on Saturday. The training came as South Korea's military conducts a series of annual Hoguk autumn exercises aimed at improving responses to North Korea's nuclear and missile threats. The drills also mobilised various high-tech weapons systems aimed at beefing up future combat capabilities, with the troops wearing multiple integrated laser engagement systems (MILES), which uses lasers to simulate actual battle. Several drones were flown for reconnaissance purposes, some also firing an assault rifle, while South Korea dispatched a multipurpose unmanned vehicle to carry wounded personnel.

Persons: Ken Scar, Choi Jeong, Derek Chen, Hyonhee Shin, Daewoung Kim, Raju Gopalakrishnan Organizations: . Army, REUTERS, Korean, Korea Combat Training, South, Korean army's 25th Infantry Division, TIGER, 2nd Stryker Brigade Combat Team, U.S . 4th Infantry Division, Thomson Locations: Yongin, South Korea, U.S, Korean, Pyongyang, Inje, South, Britain, Uzbekistan, Cambodia

☆ Halloween portraits on the New York City subway are a ‘fantastical ride’
▼ + stars: | 2023-10-27 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

For nearly two decades, one New York photographer, who goes by the artist name Seymour Licht, has documented spectral, peculiar and outlandish parade- and partygoers in transit across the city. Now, Licht, has put together a book called “Halloween Underground,” timed to the 50th anniversary of the Village Halloween Parade. Twenty years on, Licht ultimately views the work as a “fantastical ride” through the underbelly of the city. Seymour LichtA couple at Lorimer Street taking inspiration from Ancient Egypt. Seymour Licht

Persons: Seymour Licht, Rene Magritte, “, ” Licht, Licht, ”, — Licht, Pennywise, Michael Myers, Wes Anderson, Fox ”, lurks, Fox, Magritte, Lorimer, Seymour Organizations: CNN, Union, Fuji Locations: York, Samara, “, Manhattan, Bedford, Brooklyn, Egypt

☆ South Korea, US Troops Hold Drills With Drones, Laser Sensors
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Hyonhee Shin and Daewoung KimINJE, South Korea (Reuters) - South Korean and U.S. troops held joint future combat drills involving drones, an unmanned vehicle and wearable laser sensors this week as part of efforts to modernise their militaries, Seoul's army said on Saturday. The training came as South Korea's military conducts a series of annual Hoguk autumn exercises aimed at improving responses to North Korea's nuclear and missile threats. The drills also mobilised various high-tech weapons systems aimed at beefing up future combat capabilities, with the troops wearing multiple integrated laser engagement systems (MILES), which uses lasers to simulate actual battle. Several drones were flown for reconnaissance purposes, some also firing an assault rifle, while South Korea dispatched a multipurpose unmanned vehicle to carry wounded personnel. South Korea's army launched the TIGER brigade last year as a pilot unit for future warfare operations using artificial intelligence-powered drones and highly mobile fighting vehicles.

Persons: Hyonhee Shin, Daewoung Kim INJE, Choi Jeong, Derek Chen, Daewoung Kim, Raju Gopalakrishnan Organizations: Reuters, Korean, Korea Combat Training, South, Korean army's 25th Infantry Division, TIGER, 2nd Stryker Brigade Combat Team, U.S . 4th Infantry Division Locations: South Korea, U.S, Korean, Pyongyang, Inje, South, Britain, Uzbekistan, Cambodia

Learn moreLooking for help on where to watch an Australia vs. New Zealand live stream? We can help get you set up in just a few clicks, and even better, you can tune into this live Cricket World Cup match for free. As mentioned in our guide to free Cricket World Cup live stream roundup, there are multiple free games on an Australian streaming channel. How to watch Australia vs. New Zealand and other free Cricket World Cup live streamsAustralia is one of the only countries with a free Cricket World Cup live stream, courtesy of streaming service 9Now (some will be on sister channel 9Gem; check the full TV guide listings here). You won't find every scheduled Cricket World Cup match there, but you can be sure all the matches that Australia's playing will air, plus top-tier games like Australia vs. New Zealand.

Persons: We've, Here's, 9Now, ExpressVPN Organizations: Zealand, Cricket, England, Australia, New, ESPN Plus, Cricket World, Sky Sports Cricket Locations: Australia, Zealand, Africa, India, Pakistan, England, New Zealand, 9Now, Afghanistan, Bangladesh, Australian, United States

casey newtonAnd this caused a big sort of emotional reaction that said, wow, that feels like really, really icky. It’s just really, really awful. How do I get really, really good at this? But we have that explosion at the beginning, which is really, really exciting. I’m still interested in smartphones because I think they’re really, really advanced pieces of tech.

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☆ No stock trading, a hefty home mortgage, and more than $120,000 from Liberty University: Here's what we know about newly-elected Speaker Mike Johnson's personal finances
▼ + stars: | 2023-10-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

House Speaker Mike Johnson is much less wealthy than other members of Congress. He doesn't trade any stocks and has a home mortgage valued between $250,000 and $500,000. He's made more than $120,000 since 2018 teaching online classes at Liberty University. There's little publicly-available information about Johnson's activities at the university, and Insider has reached out to the university for further details. But now that he's speaker, Johnson is set to get a $50,000 raise: while all rank-and-file House members and senators make $174,000, the speaker of the House makes $223,500.

Persons: Mike Johnson, He's, —, That's, they've, Johnson, Nancy Pelosi, Paul's, Insider's, Kelly, Kevin McCarthy, OpenSecrets, he's, There's Organizations: Liberty University, Service, Citizens National Bank, Citizens Bank, university's Helms School of Government, Law Locations: Louisiana's, California, Louisiana

☆ Meet Rep. Mike Johnson, the latest GOP speaker nominee who introduced the national version of Florida's 'Don't Say Gay' law and played a key role in Trump's efforts to overturn the 2020 election
▼ + stars: | 2023-10-25 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Rep. Mike Johnson of Louisiana is the 4th GOP nominee for speaker in 3 weeks. He's a staunch social conservative who introduced a bill similar to Florida's "Don't Say Gay" law. He also moonlights as a Liberty University professor and spearheaded efforts to overturn the 2020 election. AdvertisementAdvertisementFollowing three failed speakership bids in three weeks, House Republicans have now chosen Rep. Mike Johnson of Lousiana to be their latest nominee for speaker of the House. Emmer was ultimately the party's nominee for just over four hours before he withdrew on Tuesday.

Persons: Mike Johnson of, He's, —, Mike Johnson, Lousiana, Johnson, who's, Louisiana Rpeublican, Tom Emmer's, Donald Trump, Emmer, Jim Jordan of, Steve Scalise Organizations: GOP, Liberty University, Service, Republicans Locations: Mike Johnson of Louisiana, Louisiana, Jim Jordan of Ohio

3 House Republican, dropped his bid only hours after securing the nomination. A social conservative, Mr. Johnson is a lawyer and the former chairman of the Republican Study Committee. This conference that you see, this House Republican majority, is united. Some on the right opposed to Mr. Emmer cited his vote in favor of codifying federal protections for same-sex couples. Mr. Emmer had attempted to mollify Mr. Trump by calling him over the weekend and praising him, according to the former president.

Persons: Tom Emmer, Mike Johnson, Emmer’s, Donald J, Trump, Johnson, Kevin McCarthy, Mr, rouser, Trump’s, “, ”, Virginia Foxx, Mike Johnson of, We’re, Haiyun Jiang, McCarthy, Steve Womack, I’m, ” Mr, holdouts, Emmer, MAGA, Byron Donalds of, Hakeem Jeffries, Steve Scalise, Jim Jordan, Biden, that’s, Robert Jimison Organizations: Republicans, Republican, Committee, Education, Minnesota, Credit, The New York Times, Mr, “ Republican, Trump, Caucus, Freedom Caucus, Republican Party, America First Voters Locations: Louisiana, Minnesota, North Carolina, Mike Johnson of Louisiana, Ukraine, Arkansas, American, Byron Donalds of Florida, New York, Ohio

☆ Ukrainian ‘Artifacts’ Seized in Spain May Not Be Treasures, Experts Say
▼ + stars: | 2023-10-24 | by ( Eduardo Medina | More About Eduardo Medina | ) www.nytimes.com time to read: +1 min

To the police in Spain, the artifacts possessed an ancient and golden allure. The five individuals were arrested and charged with money laundering, and the national police released images and video of the stolen items, saying that their value was around 60 million euros, or $64 million. But two experts in Greco-Scythian artifacts said in interviews that the items seized are most likely modern imitations of those crafted by ancient Greeks for Scythian nomads who, in the 4th century B.C., traversed what is now Ukraine and southern Russia. Leonid Babenko, an archaeologist at the M.F. Sumtsov Kharkiv Historical Museum in Kharkiv, Ukraine, said in an email that the items were “clumsy fakes” and had most likely been created for private collectors.

Persons: Leonid Babenko Organizations: Sumtsov Kharkiv Historical Museum Locations: Spain, Ukraine, Madrid, Russia, Sumtsov Kharkiv, Kharkiv

☆ Spain seizes ancient gold jewellery stolen from Ukraine worth $64 million
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

MADRID, Oct 23 (Reuters) - Spain has seized ancient gold artefacts valued at 60 million euros ($63.6 million) stolen from Ukraine after thieves were caught trying to sell them in Madrid, Spanish police said on Monday. The 11 pieces, primarily jewellery including intricate necklaces, bracelets and earrings, are dated from the Greco-Scythian period between the 8th and 4th centuries BC, police said. The items were exhibited in a Kyiv museum between 2009-2013, and were smuggled out of Ukraine in 2016, Madrid National Police said in a statement, without identifying the museum. The artefacts had forged documents to make it look as if they belonged to the Ukrainian Orthodox Church, police said. ($1 = 0.9439 euros)Reporting by Emma Pinedo; editing by Charlie Devereux and Deborah KyvrikosaiosOur Standards: The Thomson Reuters Trust Principles.

Persons: Emma Pinedo, Charlie Devereux, Deborah Kyvrikosaios Organizations: Madrid National Police, Ukrainian Orthodox Church, Thomson Locations: MADRID, Spain, Ukraine, Madrid, Spanish, Kyiv

☆ A 27-year-old real-estate investor explains how he house-hacked his way into making up to $15,000 in monthly revenue — plus the property types that maximized rental income
▼ + stars: | 2023-10-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The two units brought in $2,300 in rental income, or a cash flow of $500, and Berman lived rent-free. Today, his total rental income from the property is $3,900 a month. This time, it had two paying tenants, bringing in $2,200 in monthly rental income. The homeowner would keep 70% of the profit, and Berman and his business partner would get 30% for managing it. You may not be able to start by purchasing 15 rental units, Berman said.

Persons: Cody Berman, Berman Organizations: Massachusetts Locations: Windham County , Connecticut, Boston, Massachusetts, Connecticut, Worcester , Massachusetts

☆ A GOP congressman says he received a notice of eviction for one of his district offices over his opposition to Jim Jordan's now-derailed speakership bid
▼ + stars: | 2023-10-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Rep. Ken Buck was opposed to Rep. Jim Jordan's now-unsuccessful bid for the House speakership. Buck received heavy backlash for his stance, and his district offices were flooded with calls. The GOP congressman told NBC News he received an eviction notice for one of his offices over his position. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I have a notice of an eviction because the landlord is mad with my voting record on the speaker issue."

Persons: Ken Buck, Jim Jordan's, Buck, —, wouldn't, Kevin McCarthy of, Jordan, Kristen Welker, I've, Martin Lind, Lind —, Donald Trump, Sen, Cory Gardner, Herschel Walker, Lind, Joe Biden's, Donald Trump didn't Organizations: GOP, NBC News, Service, Colorado Republican, NBC, Pelican, Colorado, Colorado Sun Locations: Weld County, Kevin McCarthy of California, Colorado, Windsor , Colorado, Cory Gardner of Colorado, Georgia, Castle Rock , Colorado

☆ Apple continues its sweep to roll out USB-C to more devices
▼ + stars: | 2023-10-18 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Apple (AAPL) quietly announced its next-generation Pencil that works with iPads and now includes USB-C charging. The change comes nearly a month after Apple retired its Lightning charger, a milestone moment toward universal charging amid pressure from EU regulators. Like previous models, the third-generation Apple Pencil is intended for taking notes, sketching and marking up documents. The price is $79, down $20 from the second-generation Apple Pencil and $50 less than the original. At its iPhone 15 event in September, the company announced all of its next-generation smartphones and new AirPods Pro will launch with USB-C charging.

Persons: CNN —, iPhones, pare, David McQueen, “ Organizations: CNN, CNN — Apple, iPads, Apple, European Union, ABI Research

☆ These 53 college towns 'eat the most Chipotle' — and the chain will reward them by staying open until midnight on Halloween
▼ + stars: | 2023-10-18 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Chipotle said it plans to keep 53 college-town stores open until midnight on Halloween. The chain said it is targeting college towns popular with Gen Z, a group that likes to eat late. But instead of going national with its late-night business, Chipotle is targeting "college towns that eat the most Chipotle," the chain announced Wednesday. The fresh-Mex chain, which has more than 3,250 restaurants, said 53 college towns will stay open until midnight on Halloween – a busy night for the brand. "Over the past two years, Chipotle has seen a 30 percent increase in transactions after 8 p.m. on Halloween and 81 percent of 18- to 26-year-olds surveyed reported wanting to see Chipotle open until midnight," the chain said.

Persons: Chipotle, Gen Z, —, Gen, Wendy's, Ann Arbor Organizations: Service, Nation's Restaurant, Way, University Avenue South, Fowler, Boulevard Georgia, Ponce De, State Street, College, Salisbury, State Street East, Street New, Broadway, Tryon, Franklin, Court Street Oxford, Clifton, Clemson, Street, State, Montgomery, Ogden Locations: North Carolina , Ohio, Florida, Alabama, Tuscaloosa, Arizona, Tempe, Flagstaff, Way California, La Jolla, Berkeley, Angeles, Colorado, Boulder, Gainesville, University Avenue South Miami, Tampa, Orlando, Atlanta, Ponce, Ponce De Leon Ave, Athens, Illinois, Champaign, Indiana, West Lafayette, State Street Bloomington, Kirkwood Avenue Louisiana, Baton Rouge, Maryland, Salisbury, Salisbury Boulevard Michigan, State Street East Lansing, Minnesota, Minneapolis, Mississippi Oxford, Missouri, Columbia, Street New York, Vestal, York, Broadway North Carolina, Raleigh, Charlotte, Greenville, Wilmington, Ohio, Columbus, Cincinnati, Dayton, Oklahoma, Carolina, Tennessee, Nashville, Knoxville, Avenue Texas, Waco, Lubbock, Pennsylvania, Philadelphia, Utah, Salt Lake City, Wisconsin, Madison, Street Milwaukee, Ogden Avenue Washington

In Ohio, Jordan is a hometown boy whose Ohio State University wrestling coach title, conservative policies and never-say-die persona on Capitol Hill have earned him more devotion than he's currently receiving in Congress. It was a common theme on a cloudy fall day in downtown Urbana, Ohio — an oasis of cafes and antique stores in the sprawling, rich farmland that makes up most of Jordan’s district. Sherry Vaught, a Democratic mayoral candidate in Mansfield, had harsh criticism for the Ohio congressman as his possible speakership looms. JD Knopp, an 18-year-old resident of Mechanicsburg, Ohio just outside Urbana, said he thinks Jordan will make a great leader for a divided Republican party. Whether Jordan becomes speaker won't affect his opinion, but it might change how he views those who keep the congressman from winning the speakership.

Persons: Jim Jordan, isn't, Jordan, Donald Trump —, He's, he's, “, ”, Betty Lemmon, Jordan's, Joe Biden, Cynthia Leach, Jordan “, Russell Dye, Dye, Sherry Vaught, he’s, Vaught, Herb Asher, Sen, J.D, Vance, ” Asher, JD Knopp, Knopp, ” Knopp, ” ___ Samantha Hendrickson Organizations: —, Democratic, Freedom Caucus, House Republicans, Ohio State University, Trump, Jordan, Associated Press, Capitol, Republican, Social Security, U.S . House, The Ohio State University, America Statehouse News Initiative, America Locations: URBANA, Ohio, Washington, Champaign County, Jordan, Urbana , Ohio, Jordan’s district, It's, Ohio’s, —, Mansfield, Mechanicsburg , Ohio, Urbana

☆ Here's what we know about Jim Jordan and the Ohio State University wrestling scandal
▼ + stars: | 2023-10-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Questions are resurfacing about his role in the sexual abuse scandal at Ohio State University. AdvertisementAdvertisementRep. Jim Jordan of Ohio could become the next speaker of the House, and questions are resurfacing about his role in a sexual abuse scandal at Ohio State University. Jordan has long denied any wrongdoing since the allegations were first brought forward in 2018, and at no point has any former wrestler accused Jordan himself of commiting sexual abuse. Jordan worked as a wrestling coach at Ohio StateA high school and college wrestling champion himself, Jordan worked as an assistant coach at Ohio State University in Columbus from 1986 to 1994 immediately after graduating college. AdvertisementAdvertisementThere is a chance, however, that Jordan will be deposed as part of an ongoing lawsuit related to the sexual abuse scandal.

Persons: Jim Jordan of, Jordan's, —, Jordan, Kevin McCarthy, Rep, Nancy Mace, Here's, Richard Strauss, Mike DiSabato, Strauss, DiSabato, he'd, Dunyasha Yetts, we'd, Paul Ryan, Adam DiSabato —, Jim Jordan, Groveling, Rick Burlenski, He's, Burlenski, who've, Donald Trump's, Byron Donalds, I'm Organizations: Ohio State University, Service, NBC, Ohio State, Ohio General Assembly, NBC News, Caucus, OSU, CNN, POLITICO Locations: Jim Jordan of Ohio, South Carolina, Jordan, Columbus, Ohio, Jordan's, Washington, Florida

☆ A low-cost way to protect against an S&P 500 drawdown as risks escalate
▼ + stars: | 2023-10-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

The Cboe Volatility Index , commonly referred to simply as "the VIX", is an index derived from 30-day S & P 500 index options prices. Put simply, the VIX represents the options market's expectations for S & P 500 volatility over the next 30 days. Sometimes referred to as a "fear index", Friday's VIX Index closing level of 19.32 is only slightly below the 6-month high of 20.09 seen on May 4th. Financials significantly outperformed, finishing Friday up 0.2% while the S & P overall fell by 0.5%. Options traders and strategists are often asked, "Is there a way to use options to hedge my portfolio?".

Persons: Gerald Ford, Dwight Eisenhower, Ike, Ray Dalio, Wells, Financials, doesn't Organizations: Investors, Federal, University of Michigan, West Bank, IDF, Bridgewater Associates, JPMorgan, Citigroup, Trader, Trust Locations: Ukraine, Gaza, Israel, Saudi Arabia, Lebanon, Iran, Europe, Wells Fargo

Nye, who was appointed by Republican former President Donald Trump, had in August issued a temporary order blocking the law. Idaho Attorney General Raul Labrador called the ruling a "significant win" and said the law was "designed to protect students." Idaho's bathroom bill allows students to sue schools for $5,000 if they encounter a transgender student in a bathroom in violation of the law. The new law says schools must provide a "reasonable accommodation" for transgender students unwilling or unable to use their assigned bathroom. Federal courts have been divided on school policies requiring transgender students to use the restroom corresponding to their birth sex, with the Richmond, Virginia-based 4th U.S.

Persons: Demetrius Freeman, David Nye, Nye, Donald Trump, Peter Renn, Raul Labrador, Rebecca Roe, Brad Little, Brendan Pierson, Alexia Garamfalvi, Matthew Lewis, David Gregorio Our Organizations: REUTERS, District, Republican, Lambda, Circuit, Appeals, Thomson Locations: Washington, New York, U.S, Idaho, Richmond , Virginia, Virginia, Atlanta, Florida

☆ Delta's quarterly profit tops estimates on booming international travel
▼ + stars: | 2023-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCHICAGO, Oct 12 (Reuters) - Delta Air Lines (DAL.N) on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs. In an interview, he said the demand for Delta's products remain "high" as its customers are in "a very healthy condition." Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. In the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. Ultra-low-cost carrier Spirit Airlines (SAVE.N) last month cut its profit outlook for the third quarter, citing "heightened promotional activity with steep discounting."

Persons: John F, Andrew Kelly, Ed Bastian, Delta, Stephen Trent, Hopper, airfare, Bastian, Rajesh Kumar Singh, Mehr Bedi, Jamie Freed, Arun Koyyur, Nick Zieminski Organizations: Delta Air Lines, Kennedy International Airport, REUTERS, Rights, Delta, U.S, Wall Street, Citi Research, Spirit Airlines, Frontier Airlines, Thomson Locations: Queens , New York City, U.S

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