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☆ Fact Check: Pro-Palestinian Halloween billboard pictured in Tunisia, not Chicago
▼ + stars: | 2023-11-03 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Multiple pro-Palestinian billboards were put up in the North African country of Tunisia before Halloween, despite online posts sharing an image that miscaptions one of these billboards as in Chicago, Illinois amid the ongoing Israel-Hamas conflict. Various social media users have shared these displays naming the location as Tunisia, including one on Oct. 26 that shows the same billboard as in the miscaptioned social media posts. The billboard, camera angle, streetlamp and buildings in the background match the image shared on social media. Humzah Khan, a Fulbright fellow in Tunisia, shared an image of the billboard on X with the caption, “several billboards like this in Tunis. A pro-Palestinian Halloween billboard seen on social media comes from Tunisia, not the city of Chicago in the U.S.

Persons: Hannachi Issam, Mohamed Bouazizi, VI, Humzah Khan, ” Khan, Al Jazeera, Read Organizations: IN CHICAGO, Chicago, Tunis Tribune, Facebook, Carthage International, Tunisian, Chicago Department of Buildings, Reuters, Thomson Locations: Tunisia, Chicago , Illinois, Israel, Chicago, PALESTINE, Tunis, Gaza, Carthage, la Marsa, Menzah, Marsa, Carrefour, Al, U.S

☆ Wall Street will try to maintain momentum next week after a strong start to November
▼ + stars: | 2023-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Stocks will try to maintain their upward momentum next week after a strong start to November, with Treasury yields falling from their highs and investors betting the Federal Reserve may well be done raising interest rates. Those gains came after the Fed kept rates unchanged for a second straight meeting, and as bond yields tumbled. Earnings and economic data Of course, investors will absorb some notable data next week. "Bond yields are the primary concern for investors and what drives bond yields are supply and demand," Stovall said. Initial Claims (11/04) Earnings: Wynn Resorts Friday, Nov. 10, 2023 10 a.m. Michigan Sentiment preliminary (November) 2 p.m. Treasury Budget (October)

Persons: Stocks, Sam Stovall, Stovall, FactSet, D.R, Horton, Jerome Powell, he's, they've, Dave Sekera, Cook, John Williams, Sekera, you've, Erika H, James, Ralph Lauren, Warner Organizations: Treasury, Reserve, Nasdaq, Fed, Stock Traders, International Monetary Fund, Morningstar Research Services, Duke University, New York Federal Reserve, Duke University ,, Economic Club of New, Harvard Club, Consumer Credit, Occidental Petroleum, eBay, Air Products, Chemicals, DC, Walt Disney Company, MGM Resorts International, Warner Bros, Wynn Resorts, Treasury Budget Locations: Michigan, U.S, Washington ,, Duke University , Durham, N.C, Economic Club of New York, Horton, Washington, a.m

☆ Mega caps are still going to make or break this market, says G Squared's Victoria Greene
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMega caps are still going to make or break this market, says G Squared's Victoria GreeneVictoria Greene, G Squared Private Wealth CIO, and Sam Stovall, CFRA Research chief investment strategist, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Victoria Greene Victoria Greene, Sam Stovall Organizations: Private Wealth, CFRA Research

NEW YORK (AP) — Fans of hip-hop, country, pop, funk, R&B and rock all have reason to cheer the 2023 class entering the Rock & Roll Hall of Fame. Missy Elliott, Kate Bush, Willie Nelson, Sheryl Crow, Chaka Khan, “Soul Train” creator Don Cornelius and the late George Michael will be inducted into the hall on Friday night in New York City. Also entering the hall are The Spinners, Rage Against the Machine, DJ Kool Herc, Link Wray, Al Kooper and Elton John’s longtime co-songwriter Bernie Taupin. Elliott becomes the first female hip-hop artist in the rock hall, which called her “a true pathbreaker in a male-dominated genre.” Taupin makes it into the rock hall 29 years after his writing partner, John. Cornelius, who died in 2012, was celebrated for creating a nationally televised platform for African American music and culture.

Persons: Missy Elliott, Kate Bush, Willie Nelson, Sheryl Crow, Chaka Khan, Don Cornelius, George Michael, DJ Kool Herc, Link Wray, Al Kooper, Elton John’s, Bernie Taupin, John, Brandi Carlile, Dave Matthews, H.E.R, Chris Stapleton, Stevie Nicks, Adam Levine, Carrie Underwood, LL, Miguel, Queen Latifah, Sia, There's, Taupin, Elliott, ” Taupin, Bush, didn’t, ” Bush, Michael, Sam Smith, Lil Nas, Troye Sivan ”, Nelson, Crow, Kool Herc “, “, ”, Mary J, Blige, Erykah Badu, Janelle Monáe, Wray, Jeff Beck, Jimmy Page, Eric Clapton, Jimi Hendrix, Bruce Springsteen, Cornelius, ___ Mark Kennedy Organizations: Roll Hall of Fame, Disney, World Records, Spinners, ABC Locations: New York City, Brooklyn, St, Vincent, American

☆ ‘Take Science Fiction Seriously’: World Leaders Sound Alarm on AI
▼ + stars: | 2023-11-01 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

President Biden on Monday signed a new executive order invoking the Defense Production Act in an effort to rein in the risks of artificial intelligence. Photo: Al Drago/BloombergBLETCHLEY, U.K.—Here in the English countryside, at an estate where World War II codebreakers cracked the Nazis’ Enigma encryption machine, world leaders pledged to work together to lessen risks of a technology they said also poses a grave threat. Artificial intelligence, they said, could in its most advanced forms create catastrophic risks in realms including cybersecurity and biotechnology—or even escape human control.

Persons: Biden, Al Drago Organizations: Monday, Bloomberg Locations: Bloomberg BLETCHLEY, U.K

Witnesses said Israeli forces targeted Gaza's main north-south road on Monday and attacked Gaza City from two directions. Israel said its troops freed a soldier from Hamas captivity, one of 239 hostages who Israel says were captured on Oct. 7. Gaza health authorities say that 8,306 people, including 3,457 minors, have been killed in Israeli attacks since Oct. 7. Military specialists said Israeli forces are moving slowly in their ground offensive in part to keep open the possibility that Hamas militants will negotiate the release of the hostages. Netanyahu condemned the video as "cruel psychological propaganda" and said Israel's ground campaign created possibilities for rescuing the hostages.

Persons: Netanyahu, Benjamin Netanyahu, Witnesses, Israel, U.N, Amir Cohen, OCHA, Rick Brennan, Yelena Trupanob, Danielle Aloni, Rimon Kirsht, Aloni, Biden, Vladimir Putin, Nidal al, Yomna Ehab, Ali Swafta, James Mackenzie, Henriette Chacar, Dan Williams, Emma Farge, Jonathan Landay, Idrees Ali, Rami Ayyub, Stephen Coates Organizations: Reuters, REUTERS, United Nations, Health Organization, White, West, Thomson Locations: Gaza's, Gaza, GAZA, JERUSALEM, Israel, Gaza City, Yassin, U.S, Egypt, Rafah, Russia, Ukraine, Dagestan, Tel Aviv

☆ Egypt’s pyramids host breathtaking new art exhibit
▼ + stars: | 2023-10-30 | by ( Francesca Perry | ) edition.cnn.com time to read: +7 min

In one project, a new pyramid structure emerges in wicker; in another, glass sculptures appear to make the ancient pyramids float on water. Organized by Nadine Abdel Ghaffar, the founder and curator of Cairo-based arts firm Art D’Égypte, the event aims to celebrate ancient Egyptian culture through contemporary creativity. “I’ve always been fascinated by the Pyramids of Giza and the entire ancient Egyptian culture — the mysticism around it, the enigmas,” Zeta said. Courtesy CulturVator - Art D'E“Translucent Pyramid” by Saudi artist Rashed Al-Shashai, adds a new, 6m-tall pyramid to the plateau. Conceived as seemingly archaeological fragments of a labyrinth, each one is decorated with perforated motifs taken from historic diagrams of the ancient Egyptian labyrinth.

Persons: Nadine Abdel Ghaffar, D’Égypte, Artur Lescher, ”, Pilar Zeta, I’ve, ” Zeta, Carole A, Sabine Marcelis, ” Marcelis, Stephan Breuer French, Glass, Costas Varotsos, Rashed Al, Sam Shendi, Azza Al Qubaisi, D'E Rashid Al Khalifa, JR, – Organizations: CNN, UNESCO, Bahraini, JR Locations: Giza, Egypt, Cairo, Brazil, Mexico, Argentinian, French, Saudi

☆ Meta Pauses Ads for Users Under 18 in Europe as It Rolls Out Subscriptions
▼ + stars: | 2023-10-30 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

Meta’s plan would temporarily suspend showing ads to all users under 18 in the EU and parts of Europe that follow EU rules. Photo: tobias schwarz/Agence France-Presse/Getty ImagesMeta Platforms will stop showing ads to European teens as part of a plan announced Monday to launch new subscription-based versions of its social-media products to comply with the continent’s regulations. The plan would temporarily suspend showing ads to all users under the age of 18 in the European Union and parts of Europe that follow EU rules.

Persons: tobias schwarz Organizations: Agence France, European Union Locations: Europe

☆ Hamas Says It Fires on Israeli Troops Pressing Gaza Ground Assault
▼ + stars: | 2023-10-30 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

Israel has expanded ground operations in Gaza as it seeks to punish Hamas for a deadly gun rampage three weeks ago that Israeli authorities say killed over 1,400 people. Witnesses said Israeli forces targeted Gaza's main north-south road on Monday and attacked Gaza City from two directions. Gaza health authorities say that 8,306 people - including 3,457 minors - have been killed in Israeli air and ground attacks. Military specialists said Israeli forces are moving slowly in their ground offensive in Gaza in part to keep open the possibility that Hamas militants will negotiate the release of the hostages. Netanyahu condemned the video as "cruel psychological propaganda" and said Israel's ground campaign created possibilities for rescuing the hostages.

Persons: Nidal, Emily Rose, Witnesses, Israel, U.N, Rick Brennan, Benjamin Netanyahu, Netanyahu, Yelena Trupanob, Danielle Aloni, Rimon Kirsht, Aloni, Biden, Vladimir Putin, Nidal al, Yomna Ehab, Ali Swafta, James Mackenzie, Henriette Chacar, Dan Williams, Emma Farge, Jonathan Landay, Idrees Ali, Cynthia Osterman Organizations: Reuters, United Nations, Health Organization, Israel's, Hamas, White, West Locations: Emily Rose GAZA, JERUSALEM, Gaza, Israel, Gaza City, Yassin, Egypt, Rafah, Russia, Ukraine, Dagestan, Tel Aviv

☆ As the market enters correction territory, don't blame the American consumer
▼ + stars: | 2023-10-29 | by ( Tim Mullaney | ) www.cnbc.com time to read: +14 min

Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.

Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont

☆ A Chill in the Air and Chili in Your Pot
▼ + stars: | 2023-10-29 | by ( Sam Sifton | ) www.nytimes.com time to read: 1 min

Chili season gets underway in my house after the first day I am well and truly chilled on my daily bike ride north along the harbor, wind whistling out of the west as if to knock me over. That sure wasn’t yesterday, not in New York! But as Mr. Martin wrote, “Winter is coming.” Sometimes I like a classic chili con carne to warm me up afterward, and always this firehouse chili gumbo. Lately, though, I’ve been thrilling to Pierre Franey’s turkey chili (above), which I make with ground turkey and, freestyling, a bunch of cubed turkey thighs that I think add a welcome textural contrast to the stew. (Chili is endlessly adaptable to your tastes and ingredients, as detailed in my guide to making the dish.)

Persons: Martin, carne, I’ve, Pierre Locations: New York

☆ Wall St Week Ahead Frazzled U.S. stock investors eye frothy Treasury market as Fed looms
▼ + stars: | 2023-10-28 | by ( David Randall | ) www.reuters.com time to read: +4 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. Higher Treasury yields are seen as a headwind to stocks, in part because they compete with equities for buyers. More broadly, some believe the stock market's trading patterns this year point to a rebound in the fourth quarter. "The stock market is poised for a late Q4 rally."

Persons: Brendan McDermid, Sam Stovall, CME's, Alex McGrath, Charlie Ripley, Tesla, Stovall, Ned Davis, Randy Frederick, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Apple Inc, Treasury, Strong U.S, CFRA Research, Investors, U.S, Gross, Fed, Allianz Investment Management, Google, CFRA, Ned Davis Research, Schwab Center, Financial Research, Thomson Locations: New York City, U.S

☆ These 11 Videogames Make Working Out Actually Fun
▼ + stars: | 2023-10-27 | by ( Sam Sanders | ) www.wsj.com time to read: 1 min

GAME ON In ‘Beat Saber,’ your hands become lightsabers that you use to slash neon arrows as they fly towards you in rhythm with popular music. Photo: Beat GamesWE OFTEN ASSOCIATE videogames with lethargy—a group of snackers sitting around a screen. Enter: so-called “Exergames,” a portmanteau of “exercise games,” which make movement part of the play, so that even working out can be fun. Some titles of the genre can be played on your phone, great for novice gamers who aren’t ready to invest in a gaming console. The best, however, usually require controllers that can track motion—as with the Nintendo Switch and Sony PlayStation 5.

Persons: — Organizations: European, of Investigation, Health, Education, Nintendo, Sony PlayStation

☆ Goldman Sachs Asset Management launches new defined outcome ETFs
▼ + stars: | 2023-10-26 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

A Goldman Sachs sign is seen at the New York Stock Exchange April 21, 2010. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 26 (Reuters) - Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure to stocks while cushioning downside risk. The new funds - the Goldman Sachs S&P 500 Core Premium Income (GPIX.O) and the Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ.O) - will use an options overlay strategy to limit downside risk and generate income, said Michael Crinieri, global head of ETFs at GSAM. Defined outcome products are a relatively new corner of the ETF landscape, although the options strategies themselves are well established. "We started looking at developing enhanced income products like these in 2005," said Monali Vora, head of wealth investment solutions at GSAM.

Persons: Goldman Sachs, Brendan McDermid, Michael Crinieri, Crinieri, Monali Vora, Morningstar, GSAM, Suzanne McGee Organizations: New York Stock Exchange, REUTERS, Goldman Sachs Asset Management, Goldman, Morningstar Direct, Thomson

☆ 11 of the biggest bombshells from Sam Bankman-Fried's FTX fraud trial
▼ + stars: | 2023-10-25 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The stress of the scheme left a key executive 'suicidal for days'Nishad Singh testified against his former boss in court. Jane Rosenberg/ReutersNishad Singh, the head engineer at FTX, testified against Bankman-Fried and spoke to the intense pressure of the scheme. As customers began to withdraw their deposits, FTX didn't have enough liquid cash to actually give them their funds. Instead of working together to solve the issue, executives blamed each other, Singh testified. "In response, Sam said something like, 'We were bulletproof last year, but we're not bulletproof this year,'" Yedidia testified.

Persons: Sam Bankman, —, Fried, Caroline Ellison, Gary Wang, Nashad Singh, SBF, Ellison, he'd, Nishad Singh, Jane Rosenberg, Reuters Nishad Singh, Singh, I'd, Wang, FTX's, Bankman, Sam, Adam Yedidia, Yedidia, FTX didn't, FTX, Michael M, Ellison Yedidia, Caroline, Getty, Alameda's, — Ellison, Christian Drappi, Drappi, Alameda — Ellison Organizations: Service, Prosecutors, Alameda Research, Street, Reuters, Bankman, NEW, Manhattan Federal Court, Getty, FTX, MIT, Alameda Locations: Manhattan, Brooklyn, FTX, Bankman, Alameda, United States, Bahamas, New York City, China, Alameda's Hong Kong

☆ Listen: Meta Wrestles With Content Moderation Amid Israel-Hamas War
▼ + stars: | 2023-10-23 | by ( ) www.wsj.com time to read: 1 min

The Israel-Hamas conflict is starting to pose challenges for businesses. In the latest edition of the What's News podcast, WSJ tech reporter Sam Schechner says a debate is brewing within Meta over how to moderate comments on Instagram and Facebook. Luke Vargas hosts.

Persons: Sam Schechner, Luke Vargas Organizations: What's, Facebook Locations: Israel, Meta

☆ A Fast and Easy Focaccia for Just a Bit of Baking
▼ + stars: | 2023-10-22 | by ( Sam Sifton | More About Sam Sifton | ) www.nytimes.com time to read: +1 min

These are not easy days we’re marking. The news is relentless and largely grim, and it’s sometimes difficult to imagine a way forward, toward happiness and grace. You’re not alone, if that’s your state of mind. It’s a focaccia to make things just a little bit better. And sometimes that’s enough.

Persons: You’re, Genevieve Ko’s Locations: It’s

“This feels like a really precarious spot.”In Pennsylvania, officials estimate 40 of the state’s 67 county election offices have new directors or deputy directors since 2020. In North Carolina, where the Republican Legislature recently moved to gain more control of state and local election boards, roughly a third of 100 county election directors have left since the 2020 election. Of the local election office, Fitzgerald said he knows they are trying to improve: “But they are not coming through when you need them the most,” he said. Local election officials were in a tough position trying to explain what happened given the active investigation, Sanguedolce said. She recalls angry voters showing up at the election office, contentious public meetings and law enforcement officials warning her about threats.

Persons: Emily Cook, “, ”, Cook, Jennifer Morrell, Al Schmidt, Schmidt, ” Schmidt, “ We’ve, ‘, ’ ”, Walter Griffith Jr, you’re, Griffith, “ They’re, Denise Williams, I’ve, ” Cook, we’ve, Theodore “ T.J, ” Fitzgerald, Al Gore, John Kerry, Barack Obama, Fitzgerald, Sam Sanguedolce, Sanguedolce, Bryan Steil, Romilda Crocamo, ” Crocamo, I’m Organizations: Republicans, Republican Legislature, Republican, ” Lawmakers, Justice Department, Democrat, Trump, U.S . Rep, Cook, Associated Press, AP Locations: BARRE, Pa, Pennsylvania, Luzerne County, Utah, Colorado, ”, In Nevada, Arizona, North Carolina, Philadelphia, Illinois, Luzerne County’s

Meta Platforms has been wrestling with how to enforce its rules in the midst of the Israel-Hamas war. Photo: Mohammed abed/Agence France-Presse/Getty ImagesAfter Hamas stormed Israel and murdered civilians on Oct. 7, hateful comments from the region surged through Instagram. Meta Platforms managers cranked up automatic filters meant to slow the flood of violent and harassing content. But still the comments kept appearing—especially from the Palestinian territories, according to a Meta manager. So Meta turned up its filters again, but only there.

Persons: Mohammed abed, Meta Organizations: Agence France, Hamas, Instagram, Meta Locations: Israel

☆ Where's the Su-57? The war in Ukraine is what fifth-generation fighter jets were made for, but Russia's Felon has largely been missing in action
▼ + stars: | 2023-10-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

Russian state media has touted the Su-57 fighter jet as a formidable, fifth-generation aircraft. Sukhoi Su-57 fighter jets perform at the MAKS 2019 air show in Zhukovsky, outside Moscow, Russia, August 27, 2019. Sukhoi Su-57 jet fighter performs during International military-technical forum "Army-2020" at Kubinka airbase in Moscow Region, Russia August 25, 2020. So why is it that the Su-57 isn't doing what a true fifth-generation stealth fighter should theoretically be able to do in Ukraine? AdvertisementAdvertisementSukhoi Su-57 fighter jets perform at the MAKS 2019 air show in Zhukovsky, outside Moscow, Russia, August 27, 2019.

Persons: it's, —, there's, Mike Dahm, Sukhoi Su, Aleksey Nikolskyi, haven't, They're, Assad, Sergei Shoigu, Maxim Shemetov There's, Su, Russia's, Justin Bronk, Bronk, Vladimir Putin, Recep Tayyip Erdogan, Maxim Shemetov, Dahm, There's, that's Organizations: Aviation, intel, Service, NATO, US, Mitchell Institute for Aerospace Studies, Sputnik, REUTERS, Russian, Ukraine, International, Army, Sukhoi, Royal United Services Institute, Aircraft Locations: Ukraine, Russia, Moscow, Zhukovsky, Kremlin, Syria, Kubinka, Moscow Region, Russian, Ukrainian, NATO

☆ Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
▼ + stars: | 2023-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Major earnings reports and economic data will be in focus next week as investors seek clarity on how the Federal Reserve will proceed from here. But next week will bring the lion's share of results including reports from mega-cap darlings Alphabet, Amazon , Meta Platforms and Microsoft . While the S & P 500 is higher by 10% in 2023, the equal-weighted index is down slightly. Of note, Tesla shares sank more than 9% on Thursday following a pessimistic economic outlook from CEO Elon Musk during the company's earnings call. Its the S & P 500's first weekly loss in three weeks.

Persons: bode, Elon Musk, We're, Sam Stovall, it's, Raphael Bostic, Ed Clissold, Ned Davis, Clissold, Katie Stockton, Rob Ginsberg, I'm, CFRA's Stovall, Stovall, Sherwin, Williams, Kimberly, Hess, Raymond James Financial, Keurig Dr Pepper, Northrop, Willis Towers Watson, Stanley Black, Rowe Price Organizations: Federal Reserve, Microsoft, Investors, CFRA, Dow Jones, Treasury, Fed, Atlanta Federal Reserve, Ned, Ned Davis Research, Wolfe Research, Chicago, P, PMI, P Global PMI Manufacturing, P Global PMI Services, Richmond Fed, Visa, Texas Instruments, General Electric, NextEra Energy, Raytheon Technologies, Dow, Inc, General Motors, Halliburton, Coca, Corning, Hilton Worldwide, General Dynamics, Dominion Freight, Mobile US, Boeing, Raymond, Technology, Whirlpool, International Business Machines, O'Reilly, Honeywell, Northrop Grumman, Mastercard, Amazon, Royal Caribbean Group, Tractor Supply, United Parcel Service, Hasbro, Southwest Airlines, Comcast, Hershey, Intel, L3Harris Technologies, Ford Motor, Energy, Chevron, Decker, Exxon Mobil, Colgate, Palmolive Locations: U.S, Atlanta, AbbVie

☆ Wall St ends lower on Powell remarks as benchmark Treasury yields near 5%
▼ + stars: | 2023-10-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Exacerbating worries over higher-for-longer interest rates, benchmark Treasury yields brushed against the 5% level. The pan-European STOXX 600 index (.STOXX) lost 1.19% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.95%. Emerging market stocks lost 1.22%. U.S. Treasury yields surged, with the 10-year brushing against the 5% threshold as the Fed's Powell warned that additional monetary policy tightening could be in the cards. The greenback weakened against a basket of world currencies as benchmark Treasury yields crept higher and gold surged.

Persons: Brendan McDermid, Jerome Powell, Sam Stovall, Stovall, spooked, Rishi Sunak, Joe Biden's, Powell, Brent, Gold, Stephen Culp, Amanda Cooper, Bernadette Baum, Leslie Adler, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Treasury, U.S, Federal, Research, Tesla Inc, Netflix Inc, British, Hamas, Dow Jones, Nasdaq, Japan's Nikkei, Thomson Locations: New York City, U.S, New York, Israel, Gaza, Asia, Pacific, Japan, London

☆ Israeli soldiers could end up fighting through an 'underground nightmare' in an invasion of Gaza, home to Hamas' infamous 'metro' of tunnels
▼ + stars: | 2023-10-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Hamas' infamous network of tunnels await Israeli forces should they invade the Gaza Strip. A former US Army infantry soldier said Hamas can use tunnels for defensive and offensive maneuvers, challenging an invading force. Photo by Yousef Masoud/SOPA Images/LightRocket via Getty ImagesMuch of the tunnel network is narrow, and some portions have been discovered to be over 200 feet deep. AdvertisementAdvertisementOffensively, the tunnels give Hamas the ability to conduct surprise attacks on IDF forces, Spencer said. The tunnel issue, of course, is not the only challenge that Israeli soldiers will face in an invasion of Gaza.

Persons: —, John Spencer, Din, Yousef Masoud, Scott Peterson, Spencer, Ashraf Amra, it's, — that's Organizations: US, Service, Israel Defense Forces, West, Institute, IDF, Hamas, Getty, Israel, US Marines, Cu Chi, American, Islamic, Ordnance Air, ISIS, Combat Engineering Corps, Unit, Al, Quds Brigades, Islamic Jihad Movement, Anadolu Agency, United Nations Locations: Gaza, Israel, Egypt, Iwo Jima, Vietnam, Cu, Islamic State, Iraq, Afghanistan, Quds, Israeli, Gaza City

☆ What the Israel-Hamas war means for defense stocks
▼ + stars: | 2023-10-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —When war breaks out, defense companies tend to make money. That means aerospace and defense stocks tend to rise during geopolitical unrest. Defense stocks typically rise after military conflicts but soon lose those gains. Following Russia’s invasion of Ukraine, the iShares defense ETF surged by 5%, with Lockheed Martin and Northrop Grumman’s shares jumping about 20%. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Lockheed Martin, Northrop Grumman, ”, Jim Taiclet, “ That’s, JPMorgan Chase, Jamie Dimon, “, ” Sam Stovall, Joe Biden’s, Northrop Grumman’s, Raffi Boyadjian, Goldman Sachs, David Solomon, “ David, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, it’s, Lloyd Blankfein, they’re, Elon Musk’s, Elon Musk, X, Clare Duffy Organizations: CNN Business, Bell, New York CNN, U.S . Aerospace & Defense ETF, Raytheon, Lockheed, Boeing, General Dynamics, Northrop, “, Lockheed Martin Corporation, titans, Hamas, JPMorgan, Defense, XM, Treasury, CNN, Revenue, Twitter Locations: New York, Israel, U.S, Ukraine, Kippur, Kuwait, South Beach, New Zealand, Philippines

☆ SAP posts 16% jump in Q3 cloud business revenue
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsOct 18 (Reuters) - Business software maker SAP's (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday. For the full year, the company reaffirmed its cloud revenue outlook in the range of 14 billion-14.2 billion euros. "Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds," finance chief Dominik Asam said. U.S.-listed shares of the German software maker were up 2.9% after the bell.

Persons: Andrew Kelly, Dominik Asam, Kanjyik Ghosh, Shailesh Organizations: SAP, REUTERS, Thomson Locations: Reston , Virginia, U.S, Bengaluru

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