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☆ Free TV Streaming Is Surging, and It's a Problem for Hollywood
▼ + stars: | 2024-08-29 | by ( Lucia Moses | ) www.businessinsider.com time to read: +12 min

The basic problem: It's unclear how these free services could support new, Hollywood-style programming even if they wanted to. Now, with YouTube making the jump to TV screens and "free, ad-supported TV" (FAST) services having a moment, where does that leave Hollywood? Tech and legacy media will battle over free TV in the coming monthsLooking ahead, the major players already ahead in free TV will likely continue to gain share. Free streaming may seem like a way for Hollywood to claw back viewers. If not, it's hard to say what winning in the battle for free TV will actually get them.

Persons: Prognosticators, YouTuber Jamie Clement, Tubi's, Sarah Lee, Evan Shapiro, There's, Jenn Vaux, it's, Max, Peacock, Roku, It's, Tubi, Adam Lewinson, WBD, Laura Florence, Horowitz Organizations: Netflix, Business, YouTube, Hollywood, Disney, Hulu, Warner, Comcast, FX Networks, Parks Associates, Nielsen, Media, Fox, ABC News, NFL, FAST, Horowitz Research, Hub Entertainment Research, Tech, Fire TV, Paramount, Pluto, SVP, Global, Fremantle, JPMorgan, CNBC Locations: Hollywood, Fremantle

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn a stunning turnaround, President Joe Biden announced on Sunday that he is withdrawing his candidacy for reelection in 2024. Biden on Sunday also endorsed Vice President Kamala Harris to succeed him in the Oval Office. In the days following the debate, Biden faced growing pressure to step aside, with an increasing number of Democratic politicians urging the 81-year-old president to do so. Polling had long shown Biden trailing Trump both nationally and in key swing states, and the debate represented a key opportunity for the president to turn the race around.

Persons: —, Joe Biden, Biden, Kamala Harris, Donald Trump, Nancy Pelosi, prognosticators, Biden's, Trump, Jen O'Malley Dillon, Julie Chavez Rodriguez, Lyndon B, Johnson, Hubert Humphrey, Richard Nixon Organizations: Service, Business, Sunday, Democratic, Biden, Trump Locations: Washington, Minnesota, New Hampshire, New Mexico, Vietnam, Chicago

☆ Trump's ready for his big moment, though he's been winning without one
▼ + stars: | 2024-07-13 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Donald Trump is on a winning streak, which is all the more remarkable because he's barely played the game. He's in the strongest position any Republican presidential hopeful has been in July since George W. Bush in 2000. AdvertisementSince the debate, Biden has faced almost daily onslaught of Democrats calling him to step aside. Even as he's refrained from rallies, he's still ranting on social media. Trump also handed Biden's campaign a major gift by offering one of his signature "I don't know them" denials about Project 2025.

Persons: Donald Trump, he's, Joe Biden's, Trump, Biden, George W, Bush, Doug Sosnik, Kevin Dietsch, Jen O'Malley Dillon, Julie Chavez Rodriguez, Matt Gaetz, Marjorie Taylor Greene, He's, George Clooney, a5OhK8tKYL — David Weigel, Amber Rose, Kanye, Dana White, Mike Pence Organizations: Service, CNN, Trump, Republican, Electoral College, The New York Times, NATO, The Associated Press, Business, Democratic, Republicans, National Weather Service, Supreme Court, Capitol, New, GOP, Republican National Convention, Wall Street Journal, UFC Locations: Trump, New York, Milwaukee, New Hampshire, Minnesota, Virginia, New Mexico, Florida, Georgia

☆ Trump's cementing his lead after Biden's debate disaster
▼ + stars: | 2024-07-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

He was already in a difficult spot before his debate with former President Donald Trump. I think Biden has work to do, but I think he can do it," former White House communications director Kate Bedingfield wrote on X in a series of posts. Biden's dismal approval rating of approximately 38% has remains below the roughly 48% threshold incumbents have needed to win reelection. Biden's worst 2020 position was a four point lead over Trump, according to CNN. Their belief is that Trump's campaign will rue its decision to opt against an extensive on-the-ground presence in the key battleground states.

Persons: —, Joe Biden's, Donald Trump, Biden, Republican hasn't, Ronald Reagan, We're, Mark Levine, Dave Wasserman, Trump, fMWvW8NxrA, — Dave Wasserman, @Redistrict, Kate Bedingfield, " Bedingfield, hasn't, Al Gore, Biden's, Sen, Michael Bennett, CNN's Kaitlan Collins, It's, Harris, Donald Trump's, Dan Kanninen Organizations: Service, New, New York Democrats, Republican, Business, Democratic Manhattan Borough, Politico, Cook, Biden, White House, Trump, Democratic, CNN, Colorado Democrat Locations: New York, Trump, Minnesota, New Hampshire, New Mexico, Georgia, Arizona, Nevada, Michigan , Wisconsin , Pennsylvania, Omaha, District, Nebraska, Colorado

☆ 5 Takeaways From France’s Snap Election
▼ + stars: | 2024-07-08 | by ( Adam Nossiter | Aurelien Breeden | ) www.nytimes.com time to read: 1 min

France’s left-wing parties surged unexpectedly in nationwide legislative elections on Sunday, denying the nationalist, anti-immigration National Rally party a majority in the lower house of Parliament. But no party appeared on track to secure an absolute majority, leaving one of Europe’s largest countries headed for gridlock or political instability. The results were compiled by The New York Times using data from the Interior Ministry, and they confirmed earlier projections showing that no single party or bloc would win a majority. Here are five takeaways from the election. 1There were two big surprises as France voted for a new Parliament in snap elections, neither one foreseen by pundits, pollsters or prognosticators.

Persons: France’s Organizations: Rally, The New York Times, Interior Ministry Locations: France

☆ Opinion: Destined to be a lame duck
▼ + stars: | 2024-06-23 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. When Biden and Trump meet in a debate on CNN Thursday, expect part of the audience to be wondering exactly who and what will come next. Biden, who’s battling low approval ratings, is sticking with Vice President Kamala Harris, whose polls are also bleak. There were 28, and we’ve had 11 so far this year, Bridget Johnson noted in the first of a CNN Opinion series about America’s preparedness. “It’s a measure of his hold on American society that he’s still revered a half-century later,” wrote Frederic J. Frommer.

Persons: Franklin D, Roosevelt, “, ”, Alexander Wiley of, Adolph Sabath, Sabath, can’t, Joe Biden, Donald Trump —, Biden, who’s, Kamala Harris, Ronald Reagan’s, George H.W, George H.W . Bush, Trump, Julian Zelizer, Zelizer, it’s, Facebook “ Trump, ’ Trump, Hunter Biden, ” Terry Szuplat, Barack Obama, I’ve, that’s, Obama, Dan, ’, don’t, … Don’t, Melinda French Gates, Douglas Heye, Bob Good, Trump Dean Obeidallah, Clay Jones, we’ve, Bridget Johnson, Johnson, “ we’re, Richard Serino, Irma, Maria, Hurricane Maria, Mark Wolfe, ” Drew Sheneman, Anna Bershteyn, Michael Diamond, Roe, Wade, Karen Finney, Jennifer Tucker, Chuck Schumer's, Chuck Schumer, Schumer, he’s, John Kasich, Bill DeBlasio, Donald Trump, Sarah Palin, Biden’s, Jill Filipovic, Walt Handelsman, Luther Terry, Vivek H, Murthy, ” Kara Alaimo, Dolly Parton, Allison Hope, Dolly Parton “, Parton, ” Hope, Ericka Andersen, ’ Andersen, Andersen, Dolly, Nathan B, Baskind, Weeks, Samantha Baskind, Uncle Nate, Nathan Baskind, David, ” Samantha Baskinshe, ” Don’t, Phil Hands, Nadine Pienede, Frida Ghitis, Adam Plowright, Sara Stewart, Andrew McCarthy, Rohit Chopra, Willie Mays Bill Bramhall, Willie Mays, Frederic J, Frommer, ” Frommer, Mays, —, ” Mays, Vic Wertz, It’s Organizations: CNN, Republicans couldn’t, Democratic, GOP, Alexander Wiley of Wisconsin . Rep, Illinois Democrat, New York Times, Trump, Biden, Twitter, Facebook, UFC, Democrats, Braver, Trump Dean, US, FEMA, Hurricane, Ricans, Ledger, Agency, “, Independence, ”, Times, Federalist, Army, Journal, Tribune, New York Daily, Cleveland Indians, New York Giants Locations: Illinois, George H.W ., New York, American, ” “ Ohio, John Kasich , New York City, Donald Trump , Alaska, Switzerland, France, Normandy, Wisconsin, Juneteenth, Haiti, Putin’s, Korea, “

☆ The S&P 500 could climb 23% next year if Treasury yields fall and AI momentum stays strong, research firm says
▼ + stars: | 2024-06-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Falling yields and continuing excitement for AI could boost the S&P 500 to 6,500, the firm said. "This expectation that AI hype will increase and that Treasury yields will fall underpins our long-standing forecast for the S&p 500 to hit 6,500 by end-2025." But narrow stock market rallies have the potential to last years, Rielly said, suggesting the stock market run-up could continue for now. Warnings of a market bubble have proliferated as the S&P 500 notched a series of record-highs this year. Capital Economics has also warned of a stock market correction akin to the 1929 and dot-com crashes, which could begin in early 2026.

Persons: That's, —, Reilly, that's, Rielly Organizations: Capital Economics, Service, Treasury, Street, NVIDIA, Capital

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ Morgan Stanley tumbles, GE Healthcare climbs — what's driving Thursday's major portfolio stock moves
▼ + stars: | 2024-04-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock

WASHINGTON (AP) — House Republicans are critical of diversity and inclusion programs within the federal government and elsewhere, but they see recruiting women and minority candidates, along with veterans, as key to expanding their slim majority in November. “These are not run-of-the-mill generic Republicans," Hudson said. And so we’re using that same formula.”When asked what she makes of the House Republican focus on recruiting females and minorities, the chair of the campaign arm for House Democrats was skeptical. It's not just House Republicans seeking to end such programs. Hudson sidestepped on whether the focus on attracting female and minority candidates as House Republican candidates clashes with efforts to clamp down on diversity and inclusion programs within the federal government and elsewhere.

Persons: Richard Hudson, Prasanth Reddy, Alison Esposito, Hudson, George Logan, there's Kevin Lincoln, Mayra Flores, prognosticators, ” Hudson, “ That’s, “, ”, Suzan DelBene, It's, Hudson sidestepped, George Santos, Tom Suozzi, Mazi, She's, Elise Stefanik's, Alexandria Ocasio, ” Stefanik, ” Steven Horsford, ” Horsford Organizations: WASHINGTON, —, Republicans, National Republican Congressional Committee, GOP, House Democrats, Democrats, Republican, “, Associated, Democratic, Ethiopian, Pew Research Center, PAC, Republican Party, Congressional Black Caucus, Women, Puerto Rico Locations: India, Kansas, New York, Guatemala, Connecticut, Stockton , Calif, Mexican, ”, Alexandria, Cortez, Puerto

(PRO subscribers can view the official 2024 strategist survey here . ) "Lifting our 12-month S & P 500 target to 5100 as inflation falls, the Fed turns dovish, and real yields plunge," Kostin wrote. Other Wall Street firms with similarly bullish forecasts include Citigroup and BMO Capital Markets, which each have S & P 500 price targets of 5,100. Barclays' Venu Krishna was even more bearish, anticipating the S & P 500 would fall to 3,725. Entering the penultimate trading week of the year, the S & P 500 is almost 23% higher in 2023, while the Nasdaq Composite has advanced almost 42%.

Persons: —, Stocks, Sam Stovall, Monday, Stovall, Goldman Sachs, David Kostin, Kostin, John Stoltzfus, Stoltzfus, America's Savita Subramanian, JPMorgan's, Bujas, Morgan Stanley, BofA's Subramanian —, Venu Krishna, Oppenheimer's John Stoltzfus, Dow Industrials Organizations: CNBC, Federal Reserve, Dow Jones, CFRA Research, Goldman, Oppenheimer Asset Management, Citigroup, BMO Capital Markets, Bank, America's, Nvidia, Microsoft, Barclays, Nasdaq Locations: Friday's

☆ Wall Street is again making predictions for next year, but don't pay too much attention
▼ + stars: | 2023-11-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Not surprisingly, Wall Street tends to be a bullish group. Wall Street has a terrible track record All of this gets investor juices flowing. Wall Street strategists collectively have a terrible track record. As a result, you might be tempted to think you should pay no attention to Wall Street, or anybody else. If nothing else, the predictions of Wall Street strategists are a good starting point for all of us to think about the near future.

Persons: Lori Calvasina, America's Savita Subramanian, Morgan Stanley's Michael Wilson, Goldman Sachs, Morgan Stanley, Jeff Sommer, Sommer, Morgan Housel, I'm Organizations: Deutsche Bank, BMO Capital Markets, RBC Capital Markets, Bank, America's, Wall Street, of America, Barclays, UBS, Wealth, Wells, Wells Fargo Securities, Street, New York Times, Yardeni Research, Federal Reserve, Wall Locations: Wells Fargo, Russia, Ukraine, Israel

☆ Jamie Dimon says it's a 'huge mistake' to think economy will boom with so many risks out there
▼ + stars: | 2023-09-11 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a "huge mistake" to believe that it will last for years. Healthy consumer balance sheets and rising wages are supporting the economy for now, but there are risks ahead, said Dimon, who was speaking at a financial conference in New York. "To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake," he said. But the U.S. economy has proven resilient, leading more economists to expect that a recession might be avoided. "If and when you have a recession, which you're eventually going to have, you'll have a real normal credit cycle," Dimon said.

Persons: Jamie Dimon, JPMorgan Chase, Dimon, Topping Organizations: JPMorgan Chase &, Institute of International Finance, JPMorgan Locations: Washington , DC, U.S, New York, Ukraine

☆ Goldman Sachs cuts recession odds to just 15%, says a September Fed hike is 'off the table'
▼ + stars: | 2023-09-05 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

We view Chair Powell's promise at Jackson Hole to 'proceed carefully' as a signal that a September hike is off the table and the hurdle for a November hike is significant." "On net, our confidence that the Fed is done raising rates has grown in the past month," added Hatzius. Goldman also said taking out certain distortions shows underlying inflation may already be close to the Fed's 2% desired target. Goldman doesn't believe the Fed will start cutting rates anytime soon, in part because the firm sees the economy remaining strong. Hatzius said the Fed would begin "very gradual" rate cuts starting in the second quarter of next year.

Persons: Goldman Sachs, Jan Hatzius, Jackson, Nonfarm, Hatzius, Goldman, Goldman doesn't, — CNBC's Michael Bloom Organizations: Fed, Bloomberg Locations: U.S

☆ A federal court forbids Alabama from moving forward with its Supreme Court-defying congressional map
▼ + stars: | 2023-09-05 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

A slate of federal judges just forbade Alabama from using its current congressional map in 2024. They ruled that state legislators defied a district court and the Supreme Court's previous orders. Now, an independent special master and cartographer will draw a map with 2 majority-Black districts. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisement"We have no reason to believe that allowing the Legislature still another opportunity to draw yet another map will yield a map that includes an additional opportunity district," the judges wrote.

Persons: —, Bill Clinton, Donald Trump —, Richard Allen, David Ely, Wes Allen Organizations: Service, Democratic, State, Alabama, New York Times Locations: Alabama, Wall, Silicon, Black, reconvene

☆ Morning Bid: China surprise lifts mood before US payrolls
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

Meanwhile, a pleasant surprise emerged from China, where a private-sector survey showed factory activity in the world's second-largest economy ticked back into expansive territory. It's a little too early to celebrate a major shift in recent trends, though, with the property sector and weak household consumption still weighing heavily. China's stock market shook off its recent gloom in the Asian morning, with the blue-chip index's (.CSI300) real estate (.CSI000) and financial (.CSIFN) sub-indexes leading the charge. The parade of PMI data marches on, with surveys due from a host of countries in the euro bloc on Friday. The euro zone final PMI will be in focus after the survey last month showed manufacturing activity slowing at the fastest pace since the start of the pandemic.

Persons: Brigid Riley It's, nonfarm payrolls, haven't, Mester, Brigid Riley Organizations: cnsphoto, REUTERS, Federal, Reuters Graphics Reuters, PMI, European Central Bank, Thomson Locations: Zunyi, Guizhou province, China, U.S, It's, Europe, Spain, Switzerland, Italy, France, Germany, Sweden

☆ Here's everything you need to look for in Friday's July jobs report
▼ + stars: | 2023-08-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The prime-age participation rate, for one, focuses on the 25-to-54 age group cohort. watch now"The durability of this labor market largely comes because we simply don't have the people," said Rachel Sederberg, senior economist for job analytics firm Lightcast. They don't even come close to the Baby Boomers who have left the labor market." Those measures include job data from alternative sources, the job openings count from the Labor Department, and the firm's own employer surveys. The trick, said Lightcast economist Sederberg, is for the labor market to be cooling but not crashing.

Persons: Jeff Greenberg, Jeffrey Roach, Roach, —, Covid, Rachel Sederberg, We've, X, Tom Garretson, Garretson, Goldman Sachs, Goldman, Spencer Hill, Hill, Sederberg, we've Organizations: Miami, Universal, Getty, Federal Reserve, LPL, Baby Boomers, RBC Wealth Management, RBC, Labor Department Locations: Miami Beach , Florida, Normandy Isle, 7ty, U.S

☆ Who is Ken, really? The history of the world’s most misunderstood doll
▼ + stars: | 2023-07-22 | by ( Scottie Andrew | ) edition.cnn.com time to read: +13 min

March 11, 1961: When Ken met BarbieThis original Ken doll from 1961 was supposed to be so handsome and magnetic that Barbie fell instantly in love. 1970s -1990s: Ken tries to be trendyEven with an ever-fashionable companion like Barbie, Ken could never quite crack it when it came to personal style, though he certainly tried. Mod Hair Ken: A quintessentially ‘70s doll with a massive mop of hair, extra-long sideburns and bonus facial hair made for mixing and matching. Totally Hair Ken: It looks how it sounds — this ’90s Ken came with a long, unkempt mane, real hair gel and a small comb his owners could use to style him however they wanted. Mattel introduced a “new and improved” Ken doll almost two years to the day after his break-up with Barbie.

Persons: CNN — “ Barbie, Ken, Barbie, He’s, cinephiles, “ Barbie, Kenneth Carson, Ryan Gosling, Ruth Handler, ”, They’d, Ken wasn’t, diehard Barbie, ” M.G, Yvonne Hemsey, “ hipper, Dan Savage, ” Savage, Mattel, Savage, they’d, —, Russell Arons, Barbie “, ” Arons, Barbie – Blaine, Phillip Bloch, Bloch, Matthew McConaughey, Orlando Bloom, “ Ken, ” Bloch, Woody, Buzz Lightyear, Michael Keaton, hadn’t, “, Valentine’s, Ryan Gosling cheesing, Gosling, Greta Gerwig, Robbie, Kenergy ”, ” Gosling, Ken’s, he’s, Jimmy Fallon, I’m, Ken —, Barbie ” Organizations: CNN, Warner Bros, Discovery, Mattel, New, Historical Society, New York Times, Pixar, ascot, Valentine’s, ” CNN, Facebook, Venice Locations: Barbie’s, Willows , Wisconsin, Cali, Europe, New York, Los Angeles

☆ The last, best hope for homebuyers
▼ + stars: | 2023-07-19 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

But there may be one last hope for salvation for these hard-pressed homebuyers: brand-spanking new houses. Many builders are even dangling perks like cheaper loans or other discounts to ease the pain of higher mortgage rates. Homebuilding is typically a cyclical industry, following the ups and downs of the broader housing market. Of course, people will always move for reasons that have nothing to do with mortgage rates. Even if buyers get some relief from new housing construction, builders are still a long way off from bridging the housing shortfall.

Persons: Richard de Chazal, William Blair, de Chazal, Realtor.com, bottoming, John Burns, Black Knight, Mike Simonsen, Simonsen, bode, it's, Sheryl Palmer, Taylor Morrison, Palmer, Cristian deRitis, Jay Parsons, Matthew Walsh, Walsh, Freddie Mac, Lawrence Yun, They're, production's, James Rodriguez Organizations: Federal Reserve, National Association of Realtors, John Burns Research, Consulting, Altos Research, National Association of Homebuilders, Builders, Moody's

☆ HBO’s ‘Succession’ Dominates Emmy Nominations in Uncertain Year
▼ + stars: | 2023-07-12 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +2 min

The moment of triumph for HBO is coming at a time of transition for the network, which since last year has been run by a debt-ridden parent company, Warner Bros. The network is now part of a streaming service that removed its call letters (bye HBO Max, hello Max). HBO had the three most nominated shows: “Succession” (27), “The Last of Us” (24) and “The White Lotus” (23). It was in 1992, when NBC landed nominations for “I’ll Fly Away,” “L.A. Law,” “Law & Order” and “Quantum Leap.” All four series lost to that year’s winner, “Northern Exposure,” from CBS.

Persons: ”, HBO Max, Max, ” Roy, Jeremy Strong, Kieran Culkin, Brian Cox, L.A, Jason Sudeikis, “ Ted Lasso, Jeremy Allen White, Bill Hader, “ Barry, ” Jason Segel, Martin, Quinta Brunson, “ Abbott, ” Brunson, Isabel Sanford, Christina Applegate, ” Rachel Brosnahan, Maisel, ” Natasha Lyonne, Jenna Ortega Organizations: HBO, Warner Bros ., Brothers, Netflix, Warner Bros, NBC, CBS, “ Locations: The

☆ Recession obsession, AI boom and wild markets: What Wall Street can expect for the rest of 2023
▼ + stars: | 2023-06-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

So what does the rest of the year have in store for Wall Street? Unfortunately, Wall Street is unlikely to receive the clarity it seeks anytime soon. Still, economists at the Federal Reserve believe that a recession seems more likely by the end of 2023 than not. AI boom: Wall Street has a lot to worry about, but there’s at least one source of market euphoria: artificial intelligence. Satisfying your sweet tooth is about to get more expensiveIf you have a sweet tooth, take note: Cocoa prices have been soaring — and that could drive chocolate prices higher.

Persons: it’s, Rachel, Ross, Mulder, Scully, Sam, Diane, Vladimir, Estragon, Samuel Beckett’s, ”, Michael Arone, Matthew Bartolini, Darrell Cronk, “, Arif Husain, Rowe Price, Wells, Justin Thomson, Liz Ann Sonders, Charles Schwab, Samantha Delouya, It’s, Danielle Wiener, Bronner, El, Paul Organizations: CNN Business, Bell, New York CNN, Investors, State, Federal Reserve, JPMorgan, Wells, Investment Institute, Silicon Valley Bank, Signature Bank, First, State Street, JPMorgan Chase, ”, “, OceanGate Expeditions, Federal Aviation Administration, Virgin Galactic, SpaceX, Rabobank Locations: New York, Silicon, First Republic, Washington, Europe, Asia, United States, China

☆ Russia's isolation from the global economy causes poor turnout at Putin's economic forum
▼ + stars: | 2023-06-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's isolation from the global economy caused poor turnout at Putin's economic forum in St. Petersburg. The event previously drew big names from the West, but was mostly populated by lower-level politicians this time. Experts have sounded the alarm on Russia's economy amid Ukraine war sanctions. But experts have warned that the moat between Russia and Western world could be lethal to Russia's economy. Though some prognosticators see Russia's economy posting small growth this year, those estimates are largely based on the Kremlin's "cherry-picked" statistics, according to two Yale researchers, who recently made the case that Russia's economy is struggling far more than Putin has let on so far.

Persons: —, Vladimir Putin's, Emmanuel Macron, Angela Merkel, Zhang Hanhui, Zhou Liqun, Putin Organizations: Service, Bloomberg, Union of Chinese Entrepreneurs, Yale Locations: St . Petersburg, Ukraine, Soviet Union, America, Asia, Russia, China, Moscow, Western

☆ Jets, Giants Focus on Defense in Round 1 of the N.F.L. Draft
▼ + stars: | 2023-04-28 | by ( Victor Mather | ) www.nytimes.com time to read: 1 min

The New York area’s football teams, at least moderately successful last year, did not get to pick in the glamorous top few spots in the first round of the N.F.L. Away from the spotlight, they both selected defensive players who look like they can help already solid cores. Anything the Jets did on draft day was going to be overshadowed by the blockbuster trade for the future Hall of Fame quarterback Aaron Rodgers earlier in the week. That acquisition prompted many prognosticators to assume the Jets would take an offensive lineman to protect their new asset. 15 (two slots lower than originally assigned because of a pick swap in the Rodgers deal), the Jets went for Will McDonald IV, an edge-rushing defensive end from Iowa State.

☆ Bond markets are flashing a recession signal that suggests the Fed may be about to step in to quickly cut rates
▼ + stars: | 2023-03-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The bond market is flashing a recession signal that suggests the Fed will quickly cut rates. That's due to the large jump in short-term Treasuries, which the Fed has previously responded to by cutting rates. In all of these cases, the Fed moved quickly to cut interest rates – which suggests the signal's reappearance could be an omen for markets. "The default scenario baked into asset prices is based on the Fed pivoting - quickly - to lowering policy rates. Central bankers have raised interest rates aggressively over the past year to lower inflation, with the fed funds target rate at 4.75-5%, the highest rates have been since 2007.

☆ Market nerves tie US rate-setters’ hands
▼ + stars: | 2023-03-22 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

On Wednesday the central bank raised interest rates a quarter point. The failure of Silicon Valley Bank nearly two weeks ago upended the U.S. financial system, and the Fed and other agencies have had to provide a steadying hand. But by Wednesday morning, just before the central bank’s decision, the futures market was mostly pricing in a 25 basis point hike. Futures contracts tracking the central bank’s benchmark rate have also been shaky. Wall Street reforms passed in 2010 crystallized the central bank's duty to foster a stable financial system.

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