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☆ AI systems could 'turn against humans': Tech pioneer Yoshua Bengio warns of artificial intelligence risks
▼ + stars: | 2024-11-21 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +6 min

Professor Yoshua Bengio, at the One Young World Summit in Montreal, Canada, on Friday, Sept. 20, 2024Famed computer scientist Yoshua Bengio — an artificial intelligence pioneer — has warned of the nascent technology's potential negative effects on society and called for more research to mitigate its risks. Machines could soon have most of the cognitive abilities of humans, he said — artificial general intelligence (AGI) is a type of AI technology that aims to equal or better human intellect. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsSuch outcomes are possible within decades, he said. There are arguments to suggest that the way AI machines are currently being trained "would lead to systems that turn against humans," Bengio said. Yoshua Bengio Head of the Montreal Institute for Learning AlgorithmsCompanies developing AI must also be liable for their actions, according to the computer scientist.

Persons: Yoshua Bengio, —, Bengio, CNBC's Tania Bryer, That's, we're, OpenAIhas, It’s, Yoshua, — that's, OpenAI Organizations: Young, Summit, University of Montreal, Montreal Institute, Machines, Intelligence, CNBC, Learning Locations: Montreal, Canada, AGI, U.S, Rwanda, Swiss

☆ Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo
▼ + stars: | 2024-11-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.

Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast

☆ Meet Liam Fedus, the person responsible for getting OpenAI's new products out the door
▼ + stars: | 2024-10-25 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

The post-training team is currently led by Liam Fedus, a researcher who helped develop ChatGPT. Fedus is the third person to lead the in the past six months. Among them is the post-training team, which is responsible for preparing AI models for wide release and has had three leaders in the past six months. Currently leading post-training is Liam Fedus , a machine learning researcher who was part of a group of researchers that developed ChatGPT. Fedus was also one of seven OpenAI researchers who developed a group of advanced reasoning models known as Strawberry .

Persons: Liam Fedus, Fedus, —, Barret Zoph, Mira Murati, Bob McGrew ., Miles Brundage, It's, Sam Altman, Zoph, John Schulman, Anthropic, OpenAI Organizations: Service, MIT Technology, MIT, Fidelity, UC San Diego, collider, University of Montreal, Google, OpenAI Locations: OpenAI, Switzerland

☆ As ports strike nears, union warns that companies like Walmart, Ikea and Home Depot will be left with few to no import options
▼ + stars: | 2024-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

These companies are among the leading importers at the 14 major ports that an ILA strike would impact, according to ImportGenius. Out of the 85,000 members, 50,000 would go on strike at the 14 ports that are subject to a master contract that has not been negotiated. Separately, the Port of Montreal union affiliated with the Canadian Union of Public Employees issued a 72-hour notice that its own three-day strike starts on Monday, Sept. 30. Robinson, tells CNBC this strike could exacerbate the U.S. port strike disruption. "We'll shut them down," Daggett said in a recent video message to union members.

Persons: ImportGenius, Peter Sand, James McNamara, Mia Ginter, Robinson, Ginter, Harold Daggett, Daggett, William George, Biden, Taft, Hartley, USMX, McNamara, Maersk Organizations: International Longshoremen's Association, LG Electronics, Walmart, Ikea, Samsung, ILA, Cruise, Brothers, Port, Canadian Union of Public Employees, CNBC, U.S, Home Depot, Hyundai, General Motors, Dollar, . Tire, Michelin, Goodyear, Continental Tire, Glovis, Samsung Electronics, IKEA, US Maritime Alliance, NLRB, Reuters, Biden, Georgia Ports Authority, U.S ., Gulf, Mitre Locations: East Coast, Gulf Coast, Canada, West Coast, West, Coast, Great Lakes, Montreal, C.H, Port of Montreal, of Los Angeles, Lading, New York, New Jersey, Baltimore, Savannah, Houston , North Carolina, South Carolina, Virginia, New Orleans, Glovis America, In Savannah, Georgia, South, America, Newark, Maine, Texas, Boston , New York, Philadelphia, Wilmington, Norfolk, Charleston, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, Gulf, NY, NJ, U.S . East Coast, Port of New York

☆ AI 'godfather' says OpenAI's new model may be able to deceive and needs 'much stronger safety tests'
▼ + stars: | 2024-09-21 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Yoshua Bengio, a leading AI expert, told BI that a deceptive AI could be dangerous. Bengio said that stronger safety tests and regulatory oversight are needed for advanced AI models. AdvertisementOpenAI's new o1 model is better at scheming — and that makes the "godfather" of AI nervous. "In general, the ability to deceive is very dangerous, and we should have much stronger safety tests to evaluate that risk and its consequences in o1's case," Bengio wrote in the statement. This story is available exclusively to Business Insider subscribers.

Persons: —, Yoshua, Bengio Organizations: Service, University of Montreal, o1, Business Locations: Canadian

☆ I'm a retired pilot who worked for royalty. I had no idea how the rich spent their money.
▼ + stars: | 2024-09-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Kent Davis, a retired Air Canada pilot with more than 40 years of experience. AdvertisementA prime minister, movie stars, and royaltyIn 1972, I joined Air Canada and spent 33 years flying for them. In 2005, I retired from Air Canada and was hired by Prince Alwaleed Bin Talal, a Saudi prince based in Riyadh. Kent Davis flew Prince Al Waleed bin Talal (pictured) and his family around the world. I'm mostly retired now, except for some consulting work with my company, Trans Global Aviation Solutions.

Persons: —, Kent Davis, Prince Alwaleed Bin Talal, Prince Al Waleed bin Talal, CHRISTOPHE ENA, George W, Bush, I'm Organizations: Service, Air Canada, Business, Aviation, Royal Canadian Navy, Navy, Airbus, Boeing, Air India, Trans Global Aviation Solutions Locations: Montreal, Saudi, Riyadh, New York, Republic of Georgia, Greater Caucasus

☆ I've spent 50 years in one of the 'best places to live.' I love it, but that doesn't mean moving here is a good idea.
▼ + stars: | 2024-09-03 | by ( Helen Wolkowicz | ) www.businessinsider.com time to read: +10 min

Montreal is a gem of a city: It's safe and walkable, with a vibrant nightlife and a cultural calendar packed with events. It's also one of the fastest-growing cities in Canada, so why wouldn't you want to get in on the action? AdvertisementIt has become harder for Montreal renters to check everything off their wish lists without raising budgets. AdvertisementGiven the condition of Montreal's housing market, our "starter" is now just our forever home. Christopher O'Donnell/ShutterstockBusinesses also have to compete against the city's carousel of construction projects, which can reduce foot traffic, among other issues.

Persons: —, It's, I've, Lisette Jemmott, Anatoli Igolkin, Jemmott, she's, Michael Falduto, isn't, Catherine Zibo, Falduto, it's, Glenn Castanheira, Marc Bruxelle, Yönder, Christopher O'Donnell, Castanheira, Helen Wolkowicz Organizations: Service, Business, The Coalition, Housing Committees, Associations of Quebec, McGill, Concordia, Concordia University, City, Montreal —, Montreal Locations: Finland, Montreal, Canada, Canadian, Toronto, Quebec, City of Montreal

☆ Lightning Round: Vistra has 'no quit in it', says Jim Cramer
▼ + stars: | 2024-07-31 | by ( Jim Cramer | ) 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 EmailLightning Round: Vistra has 'no quit in it', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Vertiv, Serve Robotics, Bank of Montreal, Celsius, AMD, Carnival Holdings, Logitech, Vistra, and ServiceNow.

Persons: Vistra, Jim Cramer Organizations: Robotics, Bank of Montreal, AMD, Carnival Holdings, Logitech

☆ Cramer's Lightning Round: Advanced Micro Devices is a buy
▼ + stars: | 2024-07-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Bank of Montreal : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Advanced Micro Devices : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance.

Organizations: of Montreal's, Bank of Montreal, Devices, Logitech Locations: Dover, Royal Caribbean

☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

Persons: —, Joe Biden, Biden, Alyssa Powell, BI Joe Biden, Elon Musk, Reid Hoffman, Donald Trump, Kamala Harris, Harris, Jared Siskin, Biden's, Insider's Brent D, Griffiths, Hillary Clinton, BI's Bryan Metzger, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Richard Nixon, Brent, Here's, Sieg, Merrill Lynch, Abanti Chowdhury, Andy Sieg, Warren Buffett's, Buffett, Paul Chinn, Andrew Caballero Reynolds, Marc Andreessen, he'd, Andreessen, Trump, BI's Adam Rogers, OpenAI, Sam Altman's, slowdowns, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Democratic, Madison, Park Conservancy, Citi Wealth, BI Citi Wealth, Bank of Montreal, Buffett Locations: Park, Plenty, Washington, Chicago, Southern, New York, London

☆ Citi Wealth loses 17 bankers to BMO after Andy Sieg replaces the head of its fastest-growing business
▼ + stars: | 2024-07-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +1 min

Citi lost 17 bankers from its successful workplace-wealth group to BMO. from its successful workplace-wealth group to The exodus follows the exit of unit head Naz Vahid and at least 24 other senior wealth executives. The best-in-class unit lost 17 bankers on Friday to Bank of Montreal, two former senior executives told Business Insider. The exodus includes the head of the law firm business and interim head of Wealth at Work, Joe Ryan. This story is available exclusively to Business Insider subscribers.

Persons: Naz Vahid, Andy Sieg, –, —, Joe Ryan Organizations: Citi, BMO, Service, Citigroup, Bank of, Business Locations: Bank of Montreal

☆ Burned remains of Maya royalty marked the rise of a new leader, study says
▼ + stars: | 2024-04-18 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

The bones offer a rare glimpse of intentional corpse destruction in Maya culture to commemorate dramatic political change. Typically, Maya societies kept royal remains in accessible spaces where visitors could perform offerings. “Halperin is one of our most gifted field workers,” said Houston, who studies ancient Maya culture but was not involved in the research. Around the start of the ninth century when the remains were burned, carved Maya records described the deeds of a new ruler called Papmalil. Ritual desecration of royal remains by fire wasn’t unknown in Maya culture.

Persons: adornments, Christina T, Halperin, ” Halperin, “, —, . Halperin, Dr, Stephen Houston, “ Halperin, ”, Houston, ” —, ’, there’s, ” Houston Organizations: CNN, University of Montréal, telltale, Brown University Locations: Guatemala, Providence , Rhode Island, Guatemala City

☆ Robert MacNeil, legendary PBS News anchor, dies at age 93
▼ + stars: | 2024-04-12 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —Longtime broadcast journalist Robert MacNeil, who covered some of the biggest headlines of the 20th century and co-anchored PBS nightly news for two decades, died on Friday, PBS announced. MacNeil “was an incredibly erudite reporter, anchor and writer who raised the bar for serious journalism in America,” Sharon Percy Rockefeller, president of NewsHour Productions, said Friday in a news release. Arriving at PBS in the early 1970’s, MacNeil began a decades-long partnership with fellow journalist Jim Lehrer, according to PBS The two led PBS coverage of the Senate’s Watergate Hearings in 1973. In 1975, the pair co-founded the MacNeil/Lehrer Report, a show that would later become PBS NewsHour. MacNeil sat at the helm alongside Lehrer before leaving in 1995, according to PBS.

Persons: Robert MacNeil, MacNeil “, ” Sharon Percy Rockefeller, Jim Lehrer, MacNeil, John F, Kennedy, Lehrer, WETA, ”, “ Organizations: New, New York CNN, Longtime, PBS, NewsHour, NBC, WETA, Cuban Missile, MacNeil, Television, Writers ’ Conference Locations: New York, America, Montreal, Canada, Nova Scotia, London, Washington, DC, Dallas, WETA, United States

☆ ‘It felt so wrong’: Chumbawamba wants New Zealand politician to stop playing ‘Tubthumping’ at rallies
▼ + stars: | 2024-04-03 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +8 min

But those headlines were soon eclipsed by Chumbawamba publicly condemning Peters’ use of its song. “Everything that Peters stands for is counter to Chumbawamba’s world view,” the band’s founding member and former vocalist, Dunstan Bruce, told CNN. Chumbawamba, which broke up in 2012, has asked its former record company, Sony Music Publishing, to issue a cease-and-desist letter to New Zealand First. In response to CNN’s request for comment, New Zealand First Party President Julian Paul said the party had nothing further to add. “As we rise, the dirt will start all over again,” he said during a party convention in July, according to a transcript published by New Zealand First.

Persons: Winston Peters strode, Peters, ” Peters, Chumbawamba, Dunstan Bruce, Winston Peters, Hagen Hopkins, ” Chumbawamba, “ Tubthumping, ”, Bruce, “, Peter Dungate, ” It’s, Eminem, Vivek Ramaswamy, Donald Trump, Rihanna, Pharrell Williams, Bruce Springsteen, Nigel Farage, Hutton Supancic, Julian Paul, Emmanuel Heisbourg, Heisbourg, “ tubthumping, You’re, — Peters, ‘ Organizations: CNN, New Zealand First, Labour, New, National, ACT, New Zealand, General Motors, Sony Music Publishing, APRA, NZ, New Zealand’s National Party, rapper’s, Republican, Independence Party, UKIP, Southwest, SXSW UKIP, University of Montreal Locations: Palmerston, British, Nazi Germany, New, New Zealand

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Hubble finds water vapor in small exoplanet’s atmosphere
▼ + stars: | 2024-01-26 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers using the Hubble Space Telescope have detected water molecules in the atmosphere of a small, blazing-hot exoplanet 97 light-years from Earth. The planet, named GJ 9827d, is about twice Earth’s diameter, and it’s the smallest exoplanet found to have water vapor in its atmosphere, according to a new study. Starlight filtering through the planet’s atmosphere helped astronomers measure the signature of water molecules. It’s possible that the planet is a mini-Neptune with a hydrogen-rich atmosphere that contains water vapor. Or astronomers suspect that GJ 9827d could be a warmer version of Jupiter’s icy moon Europa, which contains an ocean beneath a thick, icy crust.

Persons: ”, Laura Kreidberg, Max Planck, Björn Benneke, Hubble, Ian Crossfield, Pierre, Alexis Roy, we’re, ” Benneke, “, GJ, Benneke, Thomas Greene, James Webb, Webb, ” Kreidberg Organizations: CNN —, Hubble, Max, Max Planck Institute, Astronomy, University of Montreal’s Trottier Institute for Research, University of Kansas, University of Montreal’s Trottier Institute, GJ 9827d, NASA’s Ames Research, James Webb Space Telescope, ”, 9827d Locations: Heidelberg, Germany, Lawrence , Kansas, Silicon

☆ There's now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks
▼ + stars: | 2023-12-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. And should they, given the many risks that come with such a fast-paced strategy? Bank of Montreal launched the Max SPX 500 4x leveraged ETNs, which will be the highest leveraged exchange traded product in the U.S., according to CFRA. The notes are based on the S&P 500 Total Return Index and will trade under the ticker "XXXX" beginning on Tuesday. Investors have shown a preference for the higher leveraged funds, like the popular Direxion Daily Semiconductor Bull 3x Shares (SOXL) ETF .

Persons: Max, iShares —, Aniket Ullal Organizations: New York Stock Exchange, Bank of Montreal, Nvidia, SEC, Investors, Daily Semiconductor Locations: New York City, U.S

☆ Henry Kissinger, American diplomat and Nobel winner, dead at 100
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +10 min

Former U.S. Secretary of State Henry Kissinger speaks at the International Economic Forum of the Americas/Conference of Montreal in 2008. U.S. President Richard Nixon and National Security Adviser Henry Kissinger stand on Air Force One during their voyage to China February 20, 1972. U.S. President Gerald Ford meets with Secretary Kissinger at Camp David, U.S., July 5, 1975. In 1973, in addition to his role as national security adviser, Kissinger was named secretary of state - giving him unchallenged authority in foreign affairs. But Ford did replace him as national security adviser in an effort to hear more voices on foreign policy.

Persons: Henry Kissinger, Shaun Best, Kissinger, Richard Nixon, Xi Jinping, Nixon's, Gerald Ford, Duc Tho, Gerald R, Ford, Henry, Heinz Alfred Kissinger, Anglicizing, Lyndon Johnson's, Nixon, Nelson A . Rockefeller, Henry A, Roosevelt, Premier Zhou Enlai, Mao Zedong, China Winston Lord, Leonid Brezhnev, Brezhnev, Gromyko, Dobrynin, Salvador Allende, Jimmy Carter, Ronald Reagan, George W, Bush, Ann Fleischer, Nancy Maginnes, New York Governor Nelson Rockefeller, Abinaya, Sandra Maler Organizations: U.S, International Economic, Americas, Conference of, REUTERS, Kissinger Associates, New York City . U.S, National Security, Air Force, Richard Nixon Presidential, REUTERS Acquire, House, Republican, Paris Peace, Camp David, Ford Library, HARVARD, Nazi, Army, Harvard University, State Department, Office, White, Communist, Premier, Former U.S, Reuters, Ford, Soviet, CIA, Democrat, New York Governor, Thomson Locations: Conference of Montreal, Connecticut, New York City ., China, North Korea, Beijing, U.S, Israel, Paris, North Vietnam, America, North, Cambodia . U.S, Camp, Washington and New York, Voluble, Furth, Germany, United States, Europe, Vietnam, South Vietnam, Washington DC, Cambodia, Jerusalem, Damascus, Syria, Golan, Vladivostok, Soviet Union, Russian, Russia, Egypt, Sinai, India, Pakistan, Washington, New York, Bengaluru

TD said it would be challenging to meet its medium-term adjusted earnings growth target range of 7%-10% in the new fiscal year. It reported adjusted earnings of C$1.83 per share, 7 Canadian cents shy of estimates. RBC reported adjusted earnings of C$2.78 per share, comfortably beating expectations of C$2.62, according to LSEG data. CIBC also beat profit expectations as it set aside smaller-than-expected loan provisions and is slashing costs through a 5% reduction in its workforce, or about 2,400 jobs. The lender, Canada's fifth biggest, reported adjusted earnings of C$1.57 per share, compared with expectations of C$1.53.

Persons: Mark Blinch, Gabriel Dechaine, Kelvin Tran, Victor Dodig, Dave McKay, Niket, Balu, Arasu Kannagi Basil, Shinjini Ganguli, Kirsten Donovan, Mark Porter Organizations: Royal Bank of Canada, REUTERS, Canadian Imperial Bank of Commerce, RBC, National Bank, CIBC, TD Bank, Bank Nova Scotia, Bank of Montreal, Scotiabank, Tuesday, Thomson Locations: Toronto, dealmaking, PCLs, Canada, United States, U.S, Bengaluru

☆ S&P 500 to reach record 5,100 next year, fueled by bumper corporate profits, BMO says
▼ + stars: | 2023-11-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The stock market rally will diversify next year amid a broader, "normal for longer" trend, according to BMO Capital Markets. Chief investment strategist Brian Belski set his 2024 base case target of 5,100 for the S & P 500, which implies an almost 12% rally from Friday's close. In other words, normal and typical," Belski wrote in a Monday note. But that does not make it normal or typical," Belski added. One market trend that will notably improve next year is the percentage of stocks outperforming the broader index, Belski added.

Persons: Brian Belski, Belski, –, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO, Bank of Montreal Locations: Friday's

While high interest rates have boosted the banks' lending margins, residential mortgages, auto loans and commercial real estate loans have slowed as consumers and businesses pulled back. With interest rates forecast to remain high, renewal of the mortgages will squeeze household budgets. Banks are also rethinking lending to industries sensitive to high interest rates, from condo development to office space. "We want to make sure we have some kind of confidence when a project is going to go ahead," said Victoria Girardo, Canadian Western Bank's (CWB.TO) VP in real estate lending. "That is creating liquidity issues across the real estate developer space.

Persons: Carlos Osorio, Ebrahim Poonawala, Mike Rizvanovic, Rizvanovic, Banks, Victoria Girardo, Nigel D'Souza, Nivedita Balu, Mark Porter Organizations: Bank of Montreal, REUTERS, Rights TORONTO, U.S, National Bank, Bank, Veritas Investment Research, Thomson Locations: Toronto , Ontario, Canada, Toronto

☆ Trudeau demands end to antisemitic acts after attack in Montreal
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Nov 27 (Reuters) - Canadian Prime Minister Justin Trudeau on Monday condemned an attack on a Jewish community center in Montreal and said antisemitic violence must stop immediately. A Molotov cocktail was thrown into the entrance of the Jewish Community Council of Montreal just after midnight on Sunday, according to the council. The attack adds to the growing cases of violence in Montreal since the start of the Gaza conflict between Israel and Hamas on Oct. 7. Earlier this month, two Jewish schools in Montreal reported that shots were fired at their entrances. "These continued acts of antisemitic violence are deplorable and unacceptable – and must stop immediately.

Persons: Justin Trudeau, Blair Gable, Molotov, Saul Emanuel, Montreal, " Trudeau, Ismail Shakil, Sandra Maler Organizations: Canada's, REUTERS, Rights OTTAWA, Canadian, Jewish Community Council of, CBC News, X, Police, Thomson Locations: Ottawa , Ontario, Canada, Montreal, Jewish Community Council of Montreal, Gaza, Israel, Toronto, Canada's, Ottawa

☆ 3 things to watch in the stock market as Street aims to extend winning streak
▼ + stars: | 2023-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA

☆ Shots Fired at Jewish School in Canada Again, Amid Tensions Over Overseas Conflict
▼ + stars: | 2023-11-12 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

By Rich McKay(Reuters) - A Jewish school in Montreal was hit by gunfire early on Sunday, making it the third time in less than a week that a Jewish school in the Canadian city was hit amid heightened tensions over the conflict between Israel and Gaza, police said, according to local media. Bullet impact marks and bullet shells were found after residents heard gunfire early on Sunday, CBC News in Canada reported. At the two other schools in Montreal, both reported finding a bullet hole in their front doors Thursday morning, local media reported. It was unclear if the incidents at Jewish schools in the city's west end were related. The ensuing Israeli bombardment of the Hamas-run Gaza Strip has killed more than 10,000 people, Palestinian health authorities say.

Persons: Rich McKay, Mayer Feig, Andrea Ricci Organizations: Reuters, Sunday, CBC News, Concordia University, Hamas Locations: Montreal, Canadian, Israel, Gaza, Canada, Quebec, Toronto, Palestinian, Atlanta

☆ Shots fired at Jewish school in Canada again, amid tensions over overseas conflict
▼ + stars: | 2023-11-12 | by ( Rich Mckay | ) www.reuters.com time to read: +1 min

Nov 12 (Reuters) - A Jewish school in Montreal was hit by gunfire early on Sunday, making it the third time in less than a week that a Jewish school in the Canadian city was hit amid heightened tensions over the conflict between Israel and Gaza, police said, according to local media. Bullet impact marks and bullet shells were found after residents heard gunfire early on Sunday, CBC News in Canada reported. At the two other schools in Montreal, both reported finding a bullet hole in their front doors Thursday morning, local media reported. It was unclear if the incidents at Jewish schools in the city's west end were related. The ensuing Israeli bombardment of the Hamas-run Gaza Strip has killed more than 10,000 people, Palestinian health authorities say.

Persons: Mayer Feig, Rich McKay, Andrea Ricci Organizations: Sunday, CBC News, Concordia University, Hamas, Thomson Locations: Montreal, Canadian, Israel, Gaza, Canada, Quebec, Toronto, Palestinian, Atlanta

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