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☆ Nikki Haley and her husband, Michael, have been married for 26 years. Here's a timeline of their relationship.
▼ + stars: | 2023-02-08 | by ( Talia Lakritz | ) www.businessinsider.com time to read: 1 min

1989: Nikki Haley (née Randhawa) and Michael Haley met as students at Clemson University. Nikki Haley and her husband Michael Haley in June 2010. Brett Flashnick/APThe couple met during Nikki's first weekend at Clemson when she was 17 and Michael was 19, The Herald reported. College friends told Politico in a 2021 profile that Nikki's parents initially did not approve of her boyfriend, and that it was Nikki who decided that he should go by his middle name, Michael, instead of his first name, Bill.

☆ Bigger utilities to benefit most from Biden's clean-energy funds
▼ + stars: | 2023-02-07 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

The Biden administration's $430 billion Inflation Reduction Act devotes billions of dollars for tax credits and direct payments for solar, wind, battery and other energy sources to move electric power supplies from fossil fuels. Regulated utilities including Duke Energy Corp (DUK.N) and Dominion Energy Inc (D.N) begin reporting fourth-quarter results this week and analysts expect them to lay out plans for capitalizing on the IRA. NextEra, the biggest U.S. generator of renewable energy, has a backlog of 16,500 megawatts of renewables projects. The parent of Florida Power and Light has added 25% to that backlog in the last year, executives have said. Solar projects in sunny states in the south and southwest and wind projects in the Midwest are among the best situated to collect IRA dollars, she said.

☆ Wall Street's biggest firms are warning their clients not to trust the stock market rally with trouble still on the way for the US economy and corporate earnings
▼ + stars: | 2023-02-07 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Stocks have responded positively, with the S&P 500 rising as much as 9.3% since the start of the year. "An improvement in US and global macro data has lifted the S&P 500 by 8% YTD and leads us to lift our 3-month S&P 500 target to 4000 (from 3600). Morgan StanleyMike Wilson, the bank's chief US equity strategist, has been warning of downside in the S&P 500 to fall for weeks now. In other words, this earnings recession is not priced, in our view." Wilson had the most accurate price target for the S&P 500 in 2022 among major Wall Street Strategists.

☆ 1 dead in Baltimore shooting of 3; related car crash injures 2 young children
▼ + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

Gunfire in Baltimore that killed a man and injured two other adults Saturday night was part of a "mass casualty incident," the city's top police leader said. Baltimore Police Commissioner Michael Harrison described a chaotic scene in the city's Upton community, where ShotSpotter sensors alerted police to gunshots at 6:39 p.m. The vehicle, also carrying children ages 2 and 3, struck a pole and came to a stop, the commissioner said. The children suffered head trauma and lacerations in the vehicle crash, according to the statement. In their overnight statement, Baltimore police said it appeared the vehicle crashed "when the driver was shot."

☆ Michael Haight is accused of killing his wife and 5 kids in a brutal Utah familicide. Police reports suggest he had a troubling pattern of aggression toward children.
▼ + stars: | 2023-01-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +13 min

Police say Michael Haight, 42, shot and killed his wife, Tausha Haight, 40, her mother, Gail Earl, 78, and the couple's five children, three girls, and two boys ages 4 to 17, before committing suicide. The couple had five children: Macie Haight, 17, Briley Haight, 12, Ammon Haight, 7, Sienna Haight, 7, and Gavin Haight, 4. The officer told her there was no indication Michael Haight would respond with violence, according to the report. At some point prior to the massacre, Tausha Haight told family members that her husband removed all the firearms from the home, her sister-in-law, told the AP. Park said he last met with Tausha Haight on Tuesday, January 3 — the day before the family's bodies were discovered.

☆ A further stock rally will be 'like bathing in lava' for market bears, BofA says
▼ + stars: | 2023-01-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Investors betting against the stock market have taken their lumps in 2023 and could be in for more trouble ahead, according to Bank of America. In his weekly note examining the flow of money through financial markets, Bank of America chief investment strategist Michael Hartnett noted how tough it's been for the bears. "Another 3-5% [gain] here will feel like bathing in lava if you're a bear," Hartnett wrote in the "Heard on the Street" section of his "Flow Show" report. "After that we sell as we [are] now close to [the] moment where stock gains start dragging yields higher," Hartnett wrote. However, Hartnett noted that the current trend may not last.

☆ Why desalination won't save states dependent on Colorado River water
▼ + stars: | 2023-01-27 | by ( Emma Newburger | ) www.cnbc.com time to read: +8 min

The Colorado River wraps around Horseshoe Bend in the in Glen Canyon National Recreation Area in Page, Arizona. "Ocean water desalination has tremendous allure," said Robert Glennon, a professor emeritus of law and water policy scholar at the University of Arizona. Pipes containing drinking water are shown at the Poseidon Water desalination plant in Carlsbad, California, U.S., June 22, 2021. The cost of water is highSince desalination is a drought-resistant process, some have argued that states with such facilities could make themselves less dependent on water from the Colorado River. That's significantly more than the amount the San Diego County Water Authority pays for water sourced from the Colorado River and the Sacramento San Joaquin River Delta.

☆ German exports to Russia plunge to lowest in two decades
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

German exports to Russia slumped by 45% year-on-year to 14.6 billion euros ($15.9 billion) in 2022, according to preliminary data from the German Committee on Eastern European Economic Relations. Imports from Russia, however, grew by 11% to about 37 billion euros due to high oil and gas prices, the group said in its report. Germany's trade deficit with Russia climbed to a record level of around 22 billion euros as a result, the group's executive director Michael Harms said. The plunge in exports to Russia was most visible in motor vehicles and automotive parts, as well as electrical engineering products, Harms added, while pharmaceutical products and agricultural machinery, sectors which have been excluded from European Union sanctions, remained the top exports. "The outlook for export business with Russia remains bleak," Harms said, adding that goods exports to Russia were likely to settle at a low level in 2023.

☆ Emerging markets are a top investing trend for 2023. Here's the best way to take advantage
▼ + stars: | 2023-01-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The iShares MSCI emerging market Asia exchange traded fund is up 11% and the iShares core MSCI emerging markets ETF is up more than 10% since the year began. For Kotler, it's emerging market bonds, where his firm has an overweight rating as opposed to a neutral rating on equities. One other factor that should help emerging market countries outperform in 2023 is the winding down of the strength of the U.S. dollar. Some top emerging market bond funds include the iShares JP Morgan USD Emerging Markets Bond ETF , the Vanguard Emerging Markets Government Bond ETF and the VanEck JP Morgan EM Local Currency Bond ETF. Of course, the downside to large emerging market funds is that they tend to be most heavily weighted to China, as it's the largest emerging market country.

☆ Investors are stampeding into boring old bonds to start the year
▼ + stars: | 2023-01-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Yet boring old bonds have just about kept pace, as investors rush to lock in healthy-seeming yields after one of the worst years ever for fixed-income returns. The Federal Reserve's historically aggressive tightening campaign last year gouged debt portfolios but quickly rebuilt the supply of safe yield on offer for today's buyers. I made the case for bonds' value from this perspective in a column here three months ago , just as Treasury yields were peaking. The good news is that "real yields," meaning yields above the market's implied outlook for inflation, remain positive. The American Association of Individual Investors' monthly asset allocation survey for December showed bonds at 14.3%, below the survey's long-term average of 16%.

☆ The stock market is about to be flipped upside down as inflation rebounds ahead of an upcoming recession, Bank of America says
▼ + stars: | 2023-01-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is about to be flipped upside down as inflation rebounds ahead of an upcoming recession, according to Bank of America. "Investment conclusion is super-trend of inflation assets over deflation assets remains in its infancy," he said. In other words, investors should own the new leadership assets like commodities and non-US stocks, according to BofA. The mega-cap tech trade that has dominated markets since the Great Recession will underperform in the years ahead, Hartnett warned. Investors should also own small-cap stocks over their large-cap peers, and value stocks over growth stocks, according to the note.

☆ Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership
▼ + stars: | 2023-01-19 | by ( John Rosevear | ) www.cnbc.com time to read: +4 min

In addition to building chargers in lower-income neighborhoods, Hertz will provide EVs, tools and training to the city's technical high school — and will offer summer job opportunities through Denver's Youth Employment Program. Scherr said that Hertz plans to share anonymized location data from its rental EVs with the city to help Denver officials determine where to install new charging stations. He expects that some of that data will point to sites in the city's less affluent neighborhoods, where ride-share drivers using Hertz EVs tend to live. The company currently has about 40,000 Teslas and Polestars available for rental, Scherr said. Last fall, Hertz and BP Pulse announced they would partner to install thousands of high-speed EV chargers at Hertz locations across the U.S.

A newspaper obituary that offered a glowing tribute to the Utah man accused of fatally shooting seven members of his family in a murder-suicide has been deleted, the paper's apologetic publisher said Tuesday. Michael Haight, 42, fatally shot wife Tausha Haight, 40, mother-in-law Gail Earl, 78, and the couple’s five children, ages 4 to 17, before killing himself earlier this month, police have said. Tausha and Michael Haight. via FacebookBut a since-deleted obituary in The Spectrum painted a laudatory picture of Michael Haight without mention of the Jan. 4 murder-suicide. Anti-gun violence advocate Shannon Watts posted the obit over the weekend and flagged it for her 587,000 Twitter followers.

☆ Recession fears have peaked, which historically has been a great sign for stocks, BofA survey shows
▼ + stars: | 2023-01-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Professional investors are growing less pessimistic about the economy, which could mean good things for stocks. "Prior peaks in recession fear were big turning points in asset prices," wrote Michael Hartnett, Bank of America's chief investment strategist. In fact, a net 50% of respondents to the BofA survey say they see a slowing global economy over the next 12 months. That, too, is a potentially good sign for markets, as it represents an improvement from the peak of economic fears. "As with 'recession fear' ... asset prices have inflected higher whenever monetary policy was seen as restrictive in the past 20 years."

☆ Vowles says Williams will not become a 'mini-Mercedes'
▼ + stars: | 2023-01-13 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, Jan 13 (Reuters) - Williams' new principal James Vowles said after his appointment on Friday that the struggling former champions would be no Mercedes 'B' team in Formula One. "There's no mini-Mercedes or B team or any of that," said Vowles. Vowles told reporters that Williams were entirely independent and he would act in their best interests. "There was always the speculation that Williams, because of the Mercedes engine, was a subordinate but none of that was obviously true." That’s why James is going to do what's good for the team, what's good for James in order to bring that forward.

☆ Investors could find better stock market returns outside the U.S. in 2023
▼ + stars: | 2023-01-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

With the dollar weakening, it's time for U.S. investors to get more serious about going abroad for stock market gains. Europe, China, Japan, Asia are actually going to move from losers to winners," he said. The iShares China Large-Cap ETF (FXI), iShares MSCI China ETF (MCHI) and KraneShares CSI China Internet ETF (KWEB) are invested in shares of Chinese companies. Chinese stocks make up 33% of the MSCI Emerging Markets Index. The iShares MSCI Emerging Markets ETF (EEM) represents that index.

☆ Biden's classified records mistakes are serious and so far largely unexplained
▼ + stars: | 2023-01-11 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +7 min

The closet where Biden's lawyers found classified documents was inside of a shared "general suite." A second batch of classified documents was discovered by aides at a separate location Biden had used, NBC News reported on Wednesday. He expressed concern about the two-month delay between Biden's lawyers discovering the documents and the White House's public announcement. Trump repeatedly (and foolishly) tried to stonewall Archives and the FBI, which then discovered additional records in the August search; Biden's lawyers say they are cooperating. Ozio confirmed that the Penn Biden Center shared a "general suite" with another Penn entity that uses the same address.

[1/5] Passengers push their luggage through the international arrivals hall at Beijing Capital International Airport after China lifted the coronavirus disease (COVID-19) quarantine requirement for inbound travellers in Beijing, China January 8, 2023. China's management of COVID was technically downgraded to "Category B" on Sunday, although many curbs have been dropped for weeks. Officially, China has reported just 5,272 COVID-related deaths as of Jan.8, one of the lowest rates of death from the infection in the world. State broadcaster CCTV reported on Sunday that direct flights from South Korea to China were close to sold out. South Korea like many other countries now requires travellers from China, Macau and Hong Kong to provide negative COVID test results before departure.

☆ Did the market already show its hand in the first week of 2023? What we've learned so far
▼ + stars: | 2023-01-07 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

Recall that at the start of last year, the popular bet was for a smooth and painless rotation from expensive growth stocks to financials and cyclicals. It didn't last: The S & P financial sector trounced utilities by seven percentage points in just the first week of 2022. Yet the Nasdaq 100 's premium to the overall S & P 500 remains at 25% — higher than at any point in the decade before the Covid pandemic hit. And the broader tape, as measured by the equal-weighted S & P 500, continues to act better than the top-heavy headline index. This egalitarian basket, buyable via the Invesco S & P 500 Equal Weight ETF (RSP) , is up 16% from the autumn low, is down less than 12% from its record high and has broken to a new cycle high against the traditional S & P 500.

A Utah man fatally shot his family of seven in a home Wednesday and then himself, authorities said. A home where eight people were found dead in Enoch, Utah, on Jan. 4, 2023. Enoch City Mayor Geoffrey Chestnut said the incident has shaken the tight-knit community of about 7,500 residents. Enoch City Police Chief Jackson Ames said police had been involved with some investigations with the family a couple of years prior, but declined to elaborate. A law enforcement official stands near the front door of the Enoch, Utah, home where eight family members were found dead from gunshot wounds, on Jan. 4, 2023.

☆ Buy these 30 stocks that are all on track to outperform a 'flattish' market in 2023, according to RBC, which says it's safe to bet on Facebook parent Meta this year
▼ + stars: | 2023-01-04 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

RBC says its list of 30 favorite global stocks has steadily outperformed over the past 3 years. The group is made up of Global Head of Research Graeme Pearson, Head of US Research Mark Odendahl, Head of Canadian & APAC Research André‐Philippe Hardy, and Head of European Research & Global Head of Research Product Management Michael Hall. Painful as that is, its benchmark, the MSCI World Net Total Return Index, suffered an even bigger loss of 18.4%. Since the end of 2019, the firm adds that the top 30 list "has delivered a total return of +23.2%, above the benchmark at +15.6%." The 30 stocks are ranked here from lowest to highest based on the total return (share price and dividends) that RBC expects them to deliver in 2023.

☆ China is reopening after zero-Covid. But there's a long road ahead
▼ + stars: | 2022-12-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

In major cities Shanghai and Shenzhen, Friday morning rush hour traffic was extremely light, according to Baidu data. Subway ridership in major cities as of Thursday remained well below the normal range, according to Wind Information. "It will be the first time in nearly three years that mass migration will resume in China as families congregate." As for foreign direct investment into China, Hart said he expected it would take about a year after travel fully reopens for such investment to start recovering. Hainan hotel bookings last week rose by 20% from the prior week, Trip.com said.

☆ Far From the U.S.-Mexico Border, a Migrant Surge Strains Denver
▼ + stars: | 2022-12-22 | by ( Robert Barba | Photographs Rachel Woolf For The Wall Street Journal | ) www.wsj.com time to read: 1 min

DENVER—Colorado’s capital is some 650 miles from the border city of El Paso, but it has become the latest community struggling to manage the influx of asylum seekers entering the U.S. illegally. Since Dec. 9, more than 1,400 migrants have arrived in Denver, according to the city. That compares with 300 migrant arrivals over the prior two months. The increase prompted Mayor Michael Hancock to declare a state of emergency.

☆ Far from the U.S.-Mexico Border, a Migrant Surge Strains Denver
▼ + stars: | 2022-12-22 | by ( Robert Barba | Photographs Rachel Woolf For The Wall Street Journal | ) www.wsj.com time to read: 1 min

A wrongly convicted Philadelphia man who spent nearly three decades in prison before his release last year was gunned down while attending a funeral, authorities said Wednesday. Christopher Williams spent nearly three decades in prison after being wrongfully convicted of multiple murders. Philadelphia District Attorney's OfficeHe was taken to Temple University Hospital where he was pronounced at 2:27 p.m., police said. Williams had been convicted in two separate cases, a triple murder in 1989 and for the slaying of Michael Haynesworth, who was also killed that year. He worked very hard with his lawyers to make sure his lawyers kept doing that, too."

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