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MSCI's world stock index (.MIWO00000PUS) is set to close the month up around 9%, its best performance since November 2020, when markets cheered the arrival of COVID-19 vaccines. Global bond prices have soared, with an ICE BofA index of global investment-grade bonds in major markets set to return 3.4% in November, the best month on record going back to 1997. Global growth stocks in high-tech sectors are up 11% (.dMIWO0000GNUS) while value stocks, which are mainly in cyclical industries and offer high dividends, have gained 6.5% (.dMIWO0000VNUS). And a cloudier outlook for stocks suggests a divergence could open up between again between stocks and bonds. The broader global index is set to return 1.6% for the year.
Persons: Joshua Roberts, That's, bode, Altaf Kassam, Wall, We've, Guy Miller, Joost Van Leenders, Van Lanschot Kempen, Van Leenders, Kassam, Naomi Rovnick, Yoruk Bahceli, Dhara Ranasinghe, Christina Fincher Organizations: Federal Reserve, REUTERS, U.S . Federal Reserve, European Central Bank, State Street Global Advisors, Traders, Fed, Insurance Group, Equity, Reuters Graphics Reuters, Treasury, Thomson Locations: Washington , U.S, COVID, U.S
The market is now largely pricing a peak at the current Fed funds target range of 5.25-5.5%, with interest rate cuts to come next year. watch now"At the outer edges of the economy there is obvious stress that is likely to spread in 2024 with rates at these levels. So it's easy to see how bad levered investments could have been made that would be vulnerable to this higher rate regime." Recession risk 'delayed rather than diminished' In a roundtable event on Tuesday, JPMorgan Asset Management strategists echoed this note of caution, claiming that the risk of a U.S. recession was "delayed rather than diminished" as the impact of higher rates feeds through into the economy. "I think the the key conclusion here is that interest rates do still bite, it's just taking longer this time around," she said.
Persons: Victor J, Jim Reid, David Folkerts, Landau, Reid, Folkerts, GSAM, Karen Ward, it's Organizations: New York Stock Exchange, Blue, Bloomberg, Getty, Monetary, Federal Reserve, Deutsche Bank, Global Economics, Research, Silicon Valley Bank, Goldman Sachs Asset Management, European Central Bank, Fed, ECB, JPMorgan, Management Locations: New York, Washington, U.S, Canada, Brazil, Chile, Hungary, Mexico, Peru, Poland
We have seen these types in Noah Hawley’s TV “Fargo,” too, like David Thewlis as a mirthless, ruthless British business V.M. Varga in the third season or Billy Bob Thornton as the hit man Lorne Malvo in the first season, a satanic figure who believes people are primal beasts and acts accordingly. His clients are now his targets and it is safe to say they don’t know much about him. Neither do we, frankly, even after the episode makes an unexpected leap to early 16th-century Wales, when Munch or a Munch-like ancestor takes part in a sin-eating ritual. That has turned Munch into a 21st-century debt collector, owed much more than money.
Persons: Coen, Leonard Smalls, Randall “ Tex ” Cobb, Charlie Meadows, John Goodman, “ Barton Fink, , Anton Chigurh, Javier Bardem, Noah Hawley’s, David Thewlis, V.M, Varga, Billy Bob Thornton, Lorne Malvo, Hawley, Sam Spruell, Ole Munch, Steve Buscemi, Peter Stormare, Munch, He’s, , Roy Tillman Locations: “ Raising, , , Wales
"We saw a 70% increase in money given to Hamas-linked charities," said Uzi Shaya, a former high-ranking officer in Mossad, Israel's intelligence service. Charities suspected of funneling money to Hamas often change their names, too, making them all the more difficult to monitor. Israel's National Bureau of Counter Terror Financing maintains a list of charitable organizations that it accuses of directly aiding Hamas' military. Hard lessonsEnsuring that individual Gazans have economic opportunity without simultaneously funding Hamas militants has proven to be a difficult challenge for Israel. Beyond direct funding, Israel also allowed 18,000 Gazans to enter Israel to work, again hoping that a stable economy would pacify Hamas.
Persons: John Macdougall, Uzi Shaya, Shaya, Din, Akin, Hawala, Israel, Karim Jaafar, Israel haven't, Binance, , Al, Adel Hana, Fadel Senna Organizations: Hamas, West Bank, AFP, Getty, Israeli Defense and Foreign Ministry, CNBC, Foreign Ministry, Islamic, Bureau of, Qatari Red Crescent, Gaza, Qatar Emiri Air Force, International Airport, Palestinian, Treasury Department Locations: Ramallah, Israel, Gaza, Islamic Jihad, Lebanon, Iran, Hawala, North Sinai, Egypt, U.S, Gaza City, Adel Hana An Israeli, Sderot
However, that became more of an issue earlier this year when Musk, as the new boss of Twitter, now X, got rid of the trademark blue check sign of authenticity - now only available at a price. The rise of artificial intelligence has blurred the lines between what is real and what is not, leaving celebrities, brands and social media influencers - among others - keen to prove their authenticity. One of the most notable news stories of the year about deepfake images was of those appearing to show former President Donald Trump being detained by police in a dramatic fashion back in March. In 2022, Merriam-Webster chose “gaslighting” as its word of the year, saying it had become a ubiquitous term in the “age of misinformation.”Other words that led much traffic to the online dictionary in 2023 included coronation, dystopian, indict and doppelgänger. Meanwhile “rizz” went straight to the “top of lookups” in September, when the example of internet-driven slang was added to the dictionary.
Persons: Merriam, , Webster, Lainey Wilson, Sam Smith, Taylor Swift, Elon Musk, Donald Trump, “ gaslighting, “ rizz ”, , bro, Organizations: CNN, Merriam, Twitter Locations: Merriam,
What to Cook After You’ve Cooked Everything
  + stars: | 2023-11-26 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
You’ve consumed enough butter, starch and sugar to consider bearlike hibernation for the next week. But would you consider this ginger-scallion steamed fish (above) for dinner? Ali Slagle adapted the recipe from one developed by the chef Connie Chung, of Milu in New York City. Chung’s recipe is itself an adaptation of a classic Cantonese banquet dish, simplified for the fast-casual needs of her restaurant. Hers uses cubed fish steamed with a mixture of soy sauce and a ginger-scallion stock.
Persons: Ali Slagle, Connie Chung, Chung Locations: Milu, New York City
Some aspects of choosing a live Christmas tree, like shape, color, and aroma, are subjective. Two Christmas tree experts explain how to choose between the many types of fir, pine, and spruce. Unlike fir and spruce trees, pine tree needles are clustered in groups instead of individually attached to the branch. The National Christmas Tree Association has a map for finding farms and other retailers that sell live Christmas trees. AdvertisementWhich Christmas tree has the best aroma?
Persons: , there's, Fraser, Douglas, Noble, There's, Justin G, Whitehill, Bert Cregg, It's, Cregg, Chris Keane Whitehill, it's, Frasers, he's, Jason Reed Douglas, Mel Melcon, Jerry Holt, Bert, they'll, Alex Wong, Andrew Matthews, Tim Leedy, Paul J, Richards, Robert Nemeti, Jens Kalaene, you'll, Cesar L, Laure Organizations: Service, US Department of Agriculture, North Carolina State University, of Horticulture, Michigan State University, Northwest, REUTERS, White, Los Angeles Times, Getty, Star Tribune, MediaNews, Anadolu Agency, Call, Tribune Locations: Oregon, North Carolina, Michigan, Nobles , North Carolina, Douglas, Frasers, Fraser, Pacific Northwest, Europe, Canaan, Allentown
Wall Street is set to wrap up a strong month next week as stocks gun for new highs heading into year end. The Nasdaq Composite is on pace to close out the month with a double-digit advance, up 10%. In contrast to September and October, which are typically weak periods for stocks, the seasonal patterns are now in favor of equities. This week, LPL Financial's Adam Turnquist pointed out that more than half, or 55%, of S & P 500 stocks closed above their 200-day moving average. It's set to show a rise of 0.2%, down from the 0.7% rise in the prior month, according to FactSet consensus estimates.
Persons: Stephen Suttmeier, Sam Stovall, That's, CFRA's Stovall, What's, LPL, Adam Turnquist, Turnquist, Wolfe, Rob Ginsberg, Ginsberg, Morningstar's Dave Sekera, Sekera, Morningstar's Sekera, Salesforce, Gartner Organizations: Nasdaq, Bank, Treasury, Costco Wholesale, Kroger, New, Dallas Fed, Richmond Fed, Hewlett Packard Enterprise, NetApp, Intuit, PCE Deflator, Chicago PMI, PMI, Manufacturing, Dominion Energy, Cboe, Cardinal Health Locations: Chicago
All three scenes were among the winning images of the Environmental Photographer of the Year 2023 competition, and all three were taken in Bangladesh. The country is one of the most vulnerable to climate change in the world, ranking seventh on the latest Global Climate Risk Index, based on data from 2000 to 2019. It’s prone to cyclones, tornadoes and floods, and it is estimated that by 2050, one in every seven people in Bangladesh will be displaced by climate change. He adds that this year’s competition saw entries from other regions also severely threatened by climate change, such as India, West Bengal, Antarctica and Argentina. With the image, he wants to communicate the impact of plastic pollution and hopes that when people see it, they might realize the consequence of throwing away plastic and change their behavior.
Persons: It’s, Hossain, , Solayman Hossain, Sam Sutaria, Apu, Sutaria Organizations: CNN, Chartered Institution of Water, Environmental Management, Nikon Locations: floodwater, Bangladesh, Rivers, Kushtia, India, West Bengal, Antarctica, Argentina, Dhaka
A Thanksgiving Pep Talk
  + stars: | 2023-11-23 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com   time to read: +1 min
Here’s what to know: Every little thing is going to be all right. You’re going to serve the best meal that you can under the circumstances, and it’s going to be delicious and well received. You are not going to change anyone’s mind or behavior today, and that’s all right, too. And I bet it’s a fantastic day. (Here’s a collection of The Times’s best Thanksgiving cocktail recipes.)
Persons: Uncle Bertie, we’ve
A video shared on X shows it took a user "6 pinches and 15 hand wiggles" to send a message. AdvertisementHumane might have broken the internet with the launch of its AI Pin, but it's probably not going to disrupt the tech world. A video shared on X shows it took a user "6 pinches and 15 hand wiggles" to send a message. When its cofounders, a married couple , demonstrated how it works in the video, the AI Pin gave false information twice . I can see how the feature to translate languages or answer questions using AI with a voice command could be helpful, but I'm very certain that the AI Pin will not change my life.
Persons: , it's, Sam Sheffer, That's Organizations: Service
Amazon is offering a steep increase in pay for some of its frontline workers who choose to put in additional hours during the upcoming holiday shopping season. Amazon has long offered a host of incentives to attract more workers during the all-important holiday shopping period. But Avalanche stands out for its lofty premium of $10 per hour, which is nearly 50% higher than the $20.50 average hourly pay Amazon's frontline workers receive. That was a major bump from last year when Amazon said it would hire 150,000 additional frontline workers during the crucial holiday shopping period. It is simply "one of many programs" that Amazon offers its frontline workers during the holidays, and it's only available at select facilities, Stephenson added.
Persons: Amazon, Sam Stephenson, Stephenson Organizations: Amazon, Business, Avalanche, Amazon's
Here's why CFRA's Sam Stovall is optimistic on small caps
  + stars: | 2023-11-22 | 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 EmailHere's why CFRA's Sam Stovall is optimistic on small capsSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss why he believes small-caps will perform well going forward, what could hurt the earnings power of the small-cap companies, and more.
Persons: Sam Stovall Organizations: CFRA Research
In a global risk survey carried out among 130 businesses last month by Oxford Economics, almost two fifths of respondents viewed the Israel-Hamas war as a very significant risk to the global economy over the next two years. "Deglobalisation and persistently higher oil prices, both of which could be triggered by an intensification of geopolitical tensions, are also fairly prominent in the latest survey," Oxford Economics researchers said. "Rising geopolitical tensions could trigger more trade restrictions across the globe, resulting in further economic fragmentation. "Ongoing geopolitical conflicts and tensions are likely to depress growth further, while adding to inflationary pressures that are beyond the control of central banks." "Early 2024 Taiwan elections will set the stage for the rest of the year.
Persons: Gil Cohen, Deglobalisation, Goldman, Roland Temple, Lazard Organizations: Hamas, magen, AFP, Getty, Oxford Economics, NATO, Oxford, Monetary Fund, Asset Management, West, Democratic Progressive Party, Kuomintang, KMT Locations: Gaza, Israel, China, Taiwan, Russia, U.S, South Africa, India, Ukraine, Ukrainian, Iran, Hormuz, United States, Beijing
NBA roundup: Hornets work OT to snap Celtics' streak
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +5 min
Ex-Celtic Gordon Hayward had 20 points. Boston's Payton Pritchard added 21 points. Kentavious Caldwell-Pope supplied 20 points for the Nuggets, who snapped a four-game road losing streak. Williamson scored 18 points in the second quarter to help the Pelicans take a 13-point halftime lead, and Ingram scored 18 third-quarter points as the lead expanded to 31 at the end of the period. Karl-Anthony Towns added 20 points for Minnesota, which won for the ninth time in its past 10 games.
Persons: Charlotte ,, Miles Bridges, Sam Sharpe, Charlotte, LaMelo Ball, Celtic Gordon Hayward, Bridges, Jayson Tatum, Boston's Payton Pritchard, Reggie Jackson, Nikola Jokic, Michael Malone, Jokic, Kentavious Caldwell, Pope, Cade Cunningham, Marvin Bagley III, Giannis Antetokounmpo, Antetokounmpo, Damian Lillard, Khris Middleton, Jordan Poole, Kyle Kuzma, dishing, Bam Adebayo, Duncan Robinson, Robinson, Jaime Jaquez Jr, Jimmy Butler, Coby, Nikola Vucevic, Brandon Ingram, Zion Williamson, Williamson, Ingram, Harrison Barnes, De'Aaron Fox, Sabonis, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, Jalen Brunson, Julius Randle, Immanuel Quickley, Mitchell Robinson, Paul George, Kawhi Leonard, Norman Powell, Daniel Theis, Harden, Russell Westbrook, Keldon Johnson, Cedi Osman, phenom Victor Wembanyama, Stephen Curry, Klay Thompson, Alperen Sengun, Fred VanVleet, Jabari Smith Organizations: Charlotte Hornets, Boston Celtics, Spectrum Center, USA, Hornets ., Celtic, Celtics, Nuggets, Pistons, Denver, Detroit, Bucks, Wizards, Washington, Bulls, Chicago, Pelicans, Timberwolves, Knicks, Minnesota, New, Clippers, Spurs, San Antonio, Warriors, Rockets, Golden State, Houston, Thomson Locations: Charlotte, Charlotte , North Carolina, USA, Milwaukee, Miami, New Orleans, Minnesota, New York, Minneapolis, Los Angeles, Antonio, Golden, San Francisco, California
3 charts that will make you a smarter investor in 5 minutes
  + stars: | 2023-11-19 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +3 min
Each illustrates an important lesson that, if internalized, will hopefully make you a wiser investor. But if you're a younger investor, the best time to invest was yesterday. The only difference: One starts investing at 22, one starts at 27, and the third starts at 32. The investor who started early wins by a landslide, and not because they invested all that much more. After 45 years in the market, the investor who began at 22 has put $109,000 into the market — just $24,000 more than the investor who began 10 years later.
Persons: Ed Slott, you'd, We've, there's, Sam Stovall, they'll, Wayne Gretzky Organizations: TI, CNBC Locations: U.S
OpenAI's board ousted Sam Altman, its chief executive, on Friday. AdvertisementVCs this weekend have one message for Sam Altman — we're with you. In another X post, he called on OpenAI's board to explain in more detail why they fired Altman. Advertisement"We are grateful for Sam's many contributions to the founding and growth of OpenAI," the board said in a statement. "So I hope the board can get its act together and bring Sam and Greg back."
Persons: OpenAI's, Sam Altman, , Sam Altman —, Mira Murati, Altman, Vinod Khosla —, OpenAI —, Sam, David Sachs, OpenAI, ChatGPT —, Ilya Sutskever —, Sutskever, Jason Kwon, Altman's, He's, Greg Bockman, Jessica Livingston, Greg, Sam retakes OpenAI Organizations: Altman, Service, Khosla Ventures, Ventures, Microsoft Locations: Silicon, Silicon Valley, @OpenAI
For those of us who take Thanksgiving seriously, who plan and plan and cook and cook, this last Sunday before the feast marks the real start of the holiday. I’m short two dozen chairs!) That’s OK. Everything will turn out just fine. I trust the process. So I’ll spend a few hours working my plan and then turn to a simple dinner of chicken thighs cooked under a brick with a cheesy Hasselback potato gratin (above) on the side, a dress rehearsal for a new drop on Thursday.
Persons: I’ll
The AI Pin gave incorrect information twice in a promotional video starring Humane's cofounders. Humane is going to make a new promotional video for the AI Pin after eagle-eyed viewers noticed the device had given incorrect information at two different times during its splashy launch video. Humane's AI Pin is a small, standalone gadget that can be pinned to your shirt, pocket, or bag. AdvertisementHowever, the April 2024 eclipse will be visible in parts of North America, but not Australia. Sheffer said that a bug had caused the AI Pin to give the location to view a previous eclipse, rather than one that's coming up in 2024.
Persons: Humane's cofounders, , Imran Chaudhri, Chaudhri, Sam Sheffer, Sheffer, Ai, Haley Tenore Organizations: Service, Humane's San, USDA Locations: Humane's, Humane's San Francisco, Australia, North America
Investors shouldn't expect too many changes in 2024, according to the top investing minds at Goldman Sachs Asset Management (GSAM). GSAM strategists suggested that investors are overlooking the risk that the conflicts cause a sharp slowdown. Higher bond yields usually reflect higher risk since investors demand better compensation for going out on a limb. But it's not just junk bonds that have enticing yields — Wilson-Elizondo said debt for investment-grade firms pays mid-single-digit rates despite boasting robust fundamentals. Sophisticated investors can enhance their returns further with private credit, which Wilson-Elizondo said can offer lofty yields of 11% to 12%.
Persons: they're, Alexandra Wilson, Elizondo, GSAM's, Ashish Shah, Shah, David Rosenberg, Wilson, Michael Bruun, it's, Goldman Sachs, Bruun, " Bruun, — Wilson Organizations: Investors, Goldman Sachs Asset Management, Federal Reserve, Consumers, BSE, Nikkei Locations: GSAM, Israel, Ukraine, India, Japan, China
Infuse tofu with the flavors of Korean barbecue in this fast weeknight dish from Sam Sifton. You can find it on New York Times Cooking here. This is what Sam calls a “no-recipe recipe,” an invitation for you to improvise in the kitchen.
Persons: Sam Sifton, Sam Organizations: New York Times
Israeli forces in the Gaza Strip are homing in on what may be the most challenging aspect of their ground operations in the war-torn enclave: the expansive network of underground tunnels built by Hamas. The Palestinian militant group that governs Gaza has spent decades building what it says are more than 300 miles worth of tunnels in the blockaded territory, often more than 100 feet underground. The Israel Defense Forces euphemistically nicknames this underground system the "Gaza metro." The tunnels house weapons stocks, electrical generators, command and control centers undetectable from above — and likely many of the hostages that Hamas kidnapped from Israel on Oct. 7. "And our forces from the north and south are approaching them and fighting inside the built-up area."
Persons: Din, Yoav Gallant, Gallant Organizations: Hamas, Palestinian, Israel Defense Forces, IDF, ", NBC, Health Locations: Gaza, Israel
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Among the 11 major S&P 500 sectors, energy (.SPNY) led declines tracking a 2% fall in crude prices on mixed economic data from China. Declining issues outnumbered advancers for a 2.30-to-1 ratio on the NYSE and for a 1.55-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 12 new highs and 48 new lows.
Persons: Brendan McDermid, Dow Jones, Neel Kashkari, Austan Goolsbee, Sam Stovall, Christopher Waller, John Williams, Jerome Powell's, Stovall, Wall, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Chicago Fed, CFRA Research, Treasury, U.S, Fed, New York Fed, Dow Jones, Uber Technologies, Mongodb, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru
Explainer: Why WeWork failed, and what is next
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +5 min
A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. WeWork was once the most valuable U.S. startup, worth $47 billion. The following explains WeWork's meteoric rise and fall that reshaped the office sector globally:What is WeWork? Just before WeWork filed for bankruptcy this week, Neumann said, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully." WeWork first tried to launch an IPO with Neumann as chief executive in 2019, with its parent, We Company, spending months preparing for the public offering.
Persons: Shannon Stapleton, WeWork, Adam Neumann, Rebekah Neumann, Miguel McKelvey, freewheeling, Neumann, Steve Clayton, Hargreaves Lansdown, Masayoshi Son, Oscar, Jared Leto, Anne Hathaway, Rebekah, Clayton, WeWork's, Cadwalader, Taft, Sam Stovall, SoftBank, Kannaki Deka, Susan Mathew, Anil D'Silva Organizations: REUTERS, Banks, JPMorgan Chase, Company, CFRA Research, Titanic, Thomson Locations: Queens, New York City, U.S, freewheeling Israel, Wickersham, Bengaluru
Chaat Party Has Entered the Party Chat
  + stars: | 2023-11-05 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com   time to read: +1 min
Good morning. This took a lot of gas, a lot of time and a toll on our bodies. So we laughed hard when the only good fishing we had came at the very end of the day, a few boat lengths from the marina, across from Four Sparrow Marsh near Mill Basin, Brooklyn. For dinner that night, and for you this evening: a chaat party, essentially a no-recipe recipe that Priya Krishna adapted from one in the 2020 cookbook “Chaat,” by Maneet Chauhan and Jody Eddy. It also served as a kind of rehearsal for the celebration of Diwali, the Hindu celebration of lights, on Nov. 12.
Persons: Sandy Hook, Priya Krishna, Maneet Chauhan, Jody Eddy, Naz Deravian’s, gulab jamun, Christina Morales’s Organizations: Midland, Cabanas, New York Times Locations: Lower, Midland Beach, Staten, New Jersey, Queens, Jamaica, Mill Basin , Brooklyn
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