DIRS.INFO The most relevant business & tech news

Israeli Prime Minister Benjamin Netanyahu on Tuesday fired his defense minister, Yoav Gallant, a long rumored move that was announced on Election Day in the United States. Gallant will be replaced by Foreign Minister Israel Katz, Netanyahu said in a statement. “In the midst of a war, more than ever, full trust is required between the prime minister and the minister of defense,” Netanyahu said. Netanyahu's decision was welcomed by his ultranationalist National Security Minister Itamar Ben-Gvir, who congratulated the prime minister on the move. In a nationally televised statement in May, Gallant challenged Netanyahu over his refusal to discuss a cease-fire and hostage deal.

Persons: Benjamin Netanyahu, Yoav Gallant, Netanyahu, Gallant, Israel Katz, Gideon Saar, ” Netanyahu, “, ”, ” Yoav Gallant, Defense Lloyd Austin, Benny Gantz, Itamar Ben, Gvir, Ben, Israel, ” Gallant Organizations: Tuesday, Foreign, Anadolu Agency, Getty, U.S ., Defense, Hamas, Hezbollah, National Locations: United States, Gaza, Lebanon, Israel, Washington

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Israeli lawmakers vote overwhelmingly against Palestinian statehood, challenging US policy
▼ + stars: | 2024-07-18 | by ( Andrew Carey | ) edition.cnn.com time to read: +4 min

Jerusalem CNN —The Biden administration received another rebuff from Israel Wednesday night – this time from the country’s parliament – over the United States’ long-standing support for the eventual establishment of a Palestinian state. A two-state solution to the Israeli-Palestinian conflict has been US policy for decades, but absent negotiations between the two sides, and a lack of sustained effort by the US to make it happen, means faith in such an outcome has dwindled. On Wednesday evening, the Israeli parliament made clear its position, voting by 68 to 9 to reject any creation of a Palestinian state. “The Knesset of Israel firmly opposes the establishment of a Palestinian state west of the Jordan (river). What we have is multilateral recognition of Palestinian statehood and unilateral Israeli rejection,” Scheindlin says.

Persons: Jerusalem CNN —, Biden, –, Benny Gantz, Benjamin Netanyahu, Gideon Saar, ”, Netanyahu, Dahlia Scheindlin, Bezalel Smotrich, there’s, ” Scheindlin, ” Espen Barth Eide Organizations: Jerusalem CNN, Haaretz, Palestinian Authority, Israel Locations: Jerusalem, Israel, United States, Palestinian, Jordan, Washington, Gaza, Spain, Ireland

☆ Beewise: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Israeli agtech startup Beewise Technologies is using AI, sensor, robots and computer vision to save more honeybees as climate change has threatened their survival, leading to more than one-third of bee colonies disappearing each year and threatening food supplies. This social impact business has designed and built high-tech hives that help the bee's chances of survival, and keep it harvesting honey and pollinating crops. Honeybees pollinate $15 billion worth of crops in the U.S. each year, such as vegetables, fruits and nuts, not to mention produce honey. Beewise is not the only startup going after the growing market for commercial beekeeping pollination services, estimated by the USDA at $320 million annually. Former Disruptor BeeHero, also from Israel, is a close competitor.

Persons: Saar, Elijah Radzyner, Disruptor BeeHero, Beewise Organizations: Saar Safra, UN, USDA, Partners Locations: U.S, Israel, New York

☆ Betye Saar Remains Guided by the Spirit
▼ + stars: | 2024-05-08 | by ( Evan Nicole Brown | ) www.nytimes.com time to read: +1 min

The American assemblage artist Betye Saar spent her childhood salvaging lost, discarded and forgotten things, like small glass beads, broken necklaces and scraps of colored paper left in trash bins or littering the ground where she walked. “My daughter Tracye calls me a hoarder who found her calling,” Saar says. Some of the objects that Saar collects have sat unused in her converted-garage studio for years before finding their way into one of her artworks. Saar considers this selection process to be a sacred one. “I’ve always felt that old objects hold a power,” she says.

Persons: Betye Saar, —, Tracye, ”, “ I’ve, “ They’ve Organizations: Los Locations: Saar, Nigeria, Senegal, Mexico, Haiti, Brazil, Los Angeles, ” Saar

☆ All eyes will be on the Federal Reserve's interest rate outlook next week, Nvidia conference on deck
▼ + stars: | 2024-03-15 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

How the Federal Reserve plans to proceed with interest rates will be in focus next week after some recent signs of hotter inflation muddied the outlook. In December, policymakers had penciled in at least three quarter percentage point rate cuts in 2024. On Friday, stocks were headed for a losing week even after the S & P 500, for example, notched a fresh closing record just this week. The chipmaker will be under increased scrutiny next week as CEO Jensen Huang takes the stage for the company's annual AI conference. TD Wealth's Vaidya anticipates four rate cuts coming in the third and fourth quarters, though he said that outlook will remain data dependent.

Persons: Sid Vaidya, Jensen Huang, Lorie Logan, Molly McGown, McGown, Brian Nick, Wealth's Vaidya, Nick, Mills, —, Samantha Subin Organizations: Federal Reserve, Fed, Nvidia, Dallas, TD Securities, Securities, McGown, Bank of America, Housing, Micron Technology, Philadelphia Fed, PMI, PMI Manufacturing, PMI Services SA, Nike, FedEx, Darden Locations: U.S, NAHB

☆ Fed Chair Powell and jobs data take center stage next week as Wall Street weighs interest rate outlook
▼ + stars: | 2024-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

Next week, the first full trading week of March, macroeconomic concerns will take center stage for investors. Next week, the Fed chief is largely anticipated to stick to the same talking points in testifying before Congress. In fact, the February jobs report, due out next Friday, is expected to show a moderation in payroll gains. Hourly Earnings preliminary (February) 8:30 a.m. Average Workweek preliminary (February) 8:30 a.m. Manufacturing Payrolls (February) 8:30 a.m. Nonfarm Payrolls (February) 8:30 a.m. Private Nonfarm Payrolls (February) 8:30 a.m. Unemployment Rate (February) — CNBC's Michael Bloom, Jeff Cox and Yun Li contributed to this report.

Persons: Jerome Powell, Powell, Shannon Saccocia, Kim Forrest, Webull, Michael Hartnett, CNBC's Yun Li, Melissa Brown, Brown, Wealth's Saccocia, Saccocia, Nonfarm Payrolls, —, Michael Bloom, Jeff Cox, Yun Li Organizations: Federal, Fed, Capitol, Nasdaq, Dow Jones, FactSet, Barclays, Bokeh Capital Partners, Labor Department, Bitcoin, BofA Global Research, Apple, Nvidia, Ross Stores, Costco Wholesale, Kroger, . Semiconductor, Broadcom, PMI, PMI Services, Services PMI, Ross, Target, ADP, Labor, Consumer Credit Locations: U.S, REITs, Japan

☆ The S&P 500 tops a record high that ‘clears the charts’ of resistance ahead of a week of earnings, inflation data
▼ + stars: | 2024-01-19 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The S & P 500 rallied more than 1% on Friday, above both its closing and intraday records that it last reached in January 2022. "Meaning that when a major index like the S & P 500, like the Nasdaq 100, reaches a new all time high, what it does is, it clears the charts of resistance." For 2024, Wald anticipates the S & P 500 will end the year at the 5,400 level, representing a roughly 12% rise from Friday's close of 4,839.81. Inflation data, earnings ahead Next week will also bring the Fed's preferred inflation gauge for December, which is expected to confirm the recent trend of easing inflation. Leading Indicators Tuesday Jan. 23 10 a.m. Richmond Fed Index (January) Earnings: General Electric , Synchrony Financial , D.R.

Persons: it's, Katie Stockton, we've, Oppenheimer's Ari Wald, Wald, Dow Jones, That's, Dave Sekera, Sekera, Jan, Johnson, Lockheed Martin, Lockheed Martin Wednesday Jan, Kimberly, Clark, Northrop Organizations: Fed, Nasdaq, Morningstar Research Services, Richmond Fed, Synchrony, Raytheon Technologies, Verizon Communications, Halliburton, Johnson, Procter, Gamble, Lockheed, Lockheed Martin Wednesday, PMI, SA, PMI Manufacturing SA, PMI Services SA, Abbott Laboratories, Chicago, New, . Kansas City Fed Manufacturing, Northrop Grumman, Southwest Airlines, American Airlines, Comcast, PCE, Norfolk, American, CNBC Locations: Stockton, U.S, Horton, Freeport, McMoRan, . Kansas

These include plans by ArcelorMittal , the world's second-largest steelmaker, to spend 2.5 billion euros to decarbonise its German steel mills, efforts that depend on now-uncertain government support. "What we're seeing here is devastating for Germany as a business location globally. Besides the 6 billion euros of steel investments, other sectors potentially affected by the court ruling include 4 billion euros in the area of microelectronics and 20 billion euros for battery cell production, according to an economy ministry paper seen by Reuters. Those have previously been estimated at 68 billion euros. "Important industries in Germany, such as chemicals or steel production, need economical energy prices," Oliver Blume, CEO of Europe's top carmaker Volkswagen (VOWG_p.DE), told Frankfurter Allgemeine Zeitung.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Reiner Blaschek, Chancellor Olaf Scholz, Stefan Rauber, Intel INTC.O, Taiwan's, Bernhard Osburg, Oliver Blume, Christoph Steitz, Tom Kaeckenhoff, Andreas Rinke, Catherine Evans Organizations: Climate, Finance, ArcelorMittal, SHS Stahl, Reuters, IMF, Intel, TW, Infineon, Steel, BASF, Wacker Chemie, Volkswagen, Frankfurter Allgemeine Zeitung, Thomson Locations: FRANKFURT, DUESSELDORF, Berlin, Germany, Asia, United States, U.S, USA, Steel Europe

☆ Grace Wales Bonner Has Set Her Sights Beyond Fashion
▼ + stars: | 2023-11-16 | by ( Elizabeth Paton | More About Elizabeth Paton | ) www.nytimes.com time to read: +1 min

Grace Wales Bonner’s approach to fashion can sometimes feel more like that of an academic rather than a designer. Her collections for Wales Bonner, the brand she started in 2015, are informed by dazzlingly intensive research spanning critical theory, music, literature, history and mysticism. Her clever embrace of so many perspectives and personalities, and her proudly Afro-Atlantic approach to fashion, has made Ms. Wales Bonner, 33, an increasingly influential figure in field. This year, she began showing her collections in Paris, the creative and commercial epicenter of luxury fashion. But Ms. Wales Bonner is also a polymath with artistic ambitions outside fashion.

Persons: Grace Wales, Wales Bonner, Haile Selassie, James Baldwin, Theaster Gates, Man Ray, Alexander Calder, Moustapha Dimé, Terry Adkins Organizations: Adidas, Museum of Modern Art Locations: Harlem, Jamaica, Paris, New York, Betye Saar

☆ Israel deploys missile boats in Red Sea as Houthis attack from Yemen
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

The Houthi movement said on Tuesday they had launched three drone and missile attacks towards Israel since the start of the Hamas-Israel war on Oct. 7. In what appeared to be a new attack overnight, the Israeli military said it had intercepted an "aerial threat" over the Red Sea. Israeli National Security Adviser Tzachi Hanegbi said on Tuesday the Houthi attacks were intolerable, but declined to elaborate when asked how Israel might respond. Missiles and drones fired at Israel from the Red Sea area since Oct. 7 have so far either been shot down or fallen short. In an Oct. 27 incident, Israel said the Houthis were behind a drone attack that caused explosions in two Egyptian towns on the Red Sea, saying they had been intended to hit Israel.

Persons: Tzachi Hanegbi, Israel, Dan Williams, Tom Perry, Alison Williams Organizations: Hamas, National Security, Missiles, Israel, Thomson Locations: Iran, Israel, Saar, Eilat, Red, Gaza, United States, Iraq, Yemen

☆ US auto sales likely to rise in October but impact of UAW strike looms - report
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsOct 25 (Reuters) - U.S. auto sales are expected to rise in October but the outlook for the rest of the year remains uncertain owing to the auto workers strike at Detroit Three, a report from S&P Global Mobility showed on Wednesday. "On the surface, with a projected SAAR (seasonally adjusted annual rate) result of 15.7 million units, October auto sales will be stronger than they appear," said Chris Hopson, principal analyst at S&P Global Mobility. New total light vehicle sales in October are estimated to be 1.22 million units, up 3.3% year-over-year, according to the report. "As of the week ended October 22, nearly 150,000 units of vehicle production have been lost due to the respective plant strikes," according to the report. While the impact on sales has been limited in the month of September, production disruptions caused by the strike are expected to affect October sales for the Detroit Three and will likely be sustained in November, the report added.

Persons: Carlos Barria, Chris Hopson, Hopson, Shivansh, Shweta Agarwal Organizations: REUTERS, Detroit, P Global, P Global Mobility, Ford, General Motors, automakers, Thomson Locations: San Francisco , California, U.S, SAAR, Bengaluru

But when Israel called up its reservists and declared war this week, the response was swift and overwhelming. Most reservists were already in Israel at the time of the call-up - the largest such compulsory mobilisation since the 1973 Yom Kippur War. But many were out of the country, for a variety of reasons, and dropped everything to rush back. "I cannot sit here and study medicine while I know that my friends are fighting and my family needs protection. A former captain in the Israeli army, he immediately acknowledged the call-up, but didn't tell his children what he was doing.

Persons: Ammar Awad, Rush, Israel, Yonatan Steiner, Nimrod Nedan, L.K, Yonatan Bunzel, Bunzel, Yedidya Shalman, Oren Saar, it's, there's, Alexander Cornwell, Helen Coster, Krystal Hu, Gabriella Borter, Crispian Balmer, Andrius, Nick Macfie Organizations: REUTERS, El Al, Thomson Locations: Israel, Gaza, Sderot, DUBAI, New York, Lebanon, kibbutzes, Lithuania, India, Tel Aviv, Dubai, Thailand, El, WhatsApp, New York City, Rome

☆ A 25-year-old Israeli woman helped save her entire kibbutz by arming a neighborhood watch group to fight off Hamas militants, her neighbors and dad say
▼ + stars: | 2023-10-11 | by ( Natalie Musumeci | Alisa Shodiyev Kaff | ) www.businessinsider.com time to read: +3 min

A young Israeli woman helped save her kibbutz by arming citizens to fight Hamas militants, reports said. Inbal Liberman, 25, a security coordinator in Nir Am, armed a neighborhood watch group amid Hamas' attacks. A young Israeli woman has been credited with helping to save her entire kibbutz from the wrath of advancing Hamas militants by arming a neighborhood watch group to fight off some of the assailants, residents and her dad said. The father added, "The neighborhood watch group was already assembled and she made the decision to give them weapons and station them." The assault by Hamas has already left more than 1,000 dead in Israel, with many more injured, Israeli officials have said.

Persons: Inbal Liberman, Nir Am, —, Liberman, Ofer Liberman, Nir, I'm, Israel Organizations: Service, Hamas, Haaretz, Israel Defense Forces, Nir Am, Gaza Ministry, Health Locations: Israeli, Israel, Nir, Gaza, Palestinian, Saar Paz

☆ Retailers take center stage in the week ahead, as Wall Street turns to the consumer for a much-needed boost
▼ + stars: | 2023-08-11 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. "Next week is all about the consumer," said Shannon Saccocia, investment chief at NB Private Wealth. The Nasdaq Composite fell for a second straight week for the first time in 2023 after mixed inflation data this week, as well as Moody's downgrading several regional banks. July's consumer price index came in weaker than expected, but continued to show some underlying stickiness. Housing data expected to show strength Investors will also watch data on what has been a strong housing market.

Persons: Shannon Saccocia, Saccocia, —, we've, John Porter, it's, Wealth's Saccocia, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, Michael Kors, That's, Sam Stovall, Stovall, CFRA's Stovall, Estee Organizations: Home Depot, Walmart, Federal Reserve, Nasdaq, Dow Jones, Newton Investment Management, FactSet, . Discount, TJX Companies, Ross, Homeowners, Price, Retail, Health, Home, Agilent Technologies, Housing, Manufacturing, TJX, Target, Cisco Systems, Philadelphia Fed, Applied, Deere, Co, Companies, Palo Alto Locations: U.S, NAHB, Housing States

Around the same time, Rosler began exploring video, which was then becoming popular among feminist artists as an affordable way to make and share work without the institutional support that was often denied them. This resulted in another of her best-known works, “Semiotics of the Kitchen” (1975). As her actions become increasingly violent — Rosler uses a manual juicer like she’s breaking a neck — the hostess’s rage takes on broader significance. “The fact that video sucked was part of what made it exciting,” Rosler told me; it allowed her to make work that no one would judge on its aesthetic qualities. It’s possible, even, to find echoes of Rosler in the amateur videography of TikTok, where every user is the head of their own surreal public access network.

Persons: Rosler, Mika Rottenberg, it’s, Carmen Herrera, Hilma af Klint Organizations: Rosler, Guggenheim Locations: Argentine Israeli, Saar, New York

"Dakar looks great with certain coloured films, because they really bring out the warm, vibrant colours," Saar said, loading a fresh roll into the camera. "Film can be really great in Africa, because in general it’s sunny (and) very colourful.”Saar is part of a growing resurgence of analogue photography enthusiasts in Senegal, nurtured by Le Sel studio in the capital’s Ouakam neighbourhood. Founded two years ago in owner Kevin Aubert’s apartment, Senegal’s only studio of its kind aims to rekindle the country’s love for the craft through film sales and workshops. In the meantime, local photographers like Eva Diallo are already showing works developed there at some of Dakar’s most prestigious art houses. “The film process is much more conscious than digital or iPhone photos,” Diallo said during her solo exhibition at Dakar’s Gallerie Cecile Fakhoury.

Persons: Amy Saar, Kevin Aubert’s, Senegal’s, Le, Aubert, ” Aubert, Eva Diallo, ” Diallo, Dakar’s Gallerie Cecile Fakhoury, “, Cooper Inveen, Alison Williams Organizations: Le Sel, Precision Reports, Le, Thomson Locations: DAKAR, Senegalese, Dakar, Saar, Africa, Senegal

☆ Investors look to next week's key inflation data after rally in stocks stumbles
▼ + stars: | 2023-06-23 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The Dow Jones Industrial Average , the S & P 500 and the Nasdaq lost more than 1% each for this holiday-shortened week. This coming week will feature some key inflation data to keep an eye on. On Tuesday, the May housing starts report was released, coming in much stronger than expected, at a 1.63 million seasonally adjusted annual rate (SAAR), versus 1.39 million SAAR expected. Building permits were also above expectations at a1.49 million SAAR versus 1.43 million SAAR expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jerome Powell, Jim Cramer, he's, Jefferies, JEF, Mills, HB Fuller, Jim Cramer's, Jim, Spencer Platt Organizations: Federal, Dow Jones, Nasdaq, Constellation Brands, Corp, Walgreens Boots Alliance, Micron Technology, Gross, Aid, McCormick &, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, SAAR

☆ Goldman joins Wall Street banks in cutting China's growth outlook as post-Covid bounce fades
▼ + stars: | 2023-06-19 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

(Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty ImagesGoldman Sachs became the latest Wall Street bank to downgrade its growth forecast for China, as the world's second-largest economy stutters and loses momentum after its coronavirus reopening. "With the reopening boost quickly fading, medium-term challenges such as demographics, the multi-year property downturn, local government implicit debt problems, and geopolitical tensions may start to become more important in China's growth outlook," they said. Stock Chart Icon Stock chart iconUBS also sees continued weakness in China's economy ahead, particularly focusing on the second quarter of the year. Wang noted that uncertainty in China's property sector remains a central risk to its forecast and could bring its growth outlook even lower. "Risks to our forecast is slightly biased towards the downside, mainly from uncertainties in property market and path of property policy support ahead, as well as weaker external demand," she said.

Persons: Goldman Sachs, Chief China Economist Hui Shan, Wang Tao, Wang Organizations: Getty, Nurphoto, Chief China Economist, UBS, Bank of America, JPMorgan, U.S, People's Bank of, Federal, UBS Investment Bank's Locations: Nanjing, East China's Jiangsu Province, China, People's Bank of China, saar

☆ The inflation shock is over so there's no need for any more Fed rate hikes, the Institute of International Finance's chief economist says
▼ + stars: | 2023-06-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

"The US inflation shock is over", so the Fed need not hike interest rates any more, according to the chief economist of the Institute of International Finance. The IIF's measure of "inflation generalization" has fallen to the lowest level since February 2021, Robin Brooks said. US inflation has been steadily cooling from its mid-2022's highs, coming in at 4.0% in May on an annual basis. "The US inflation shock is over. While Brooks suggests the threat of inflation has faded, other market commentators have raised concerns inflation is sticky and can lead to stagflation.

Persons: Robin Brooks, —, Brooks, Goldman Sachs Organizations: Institute of International Finance, Service, CPI, Federal

☆ Economic growth likely was solid to start the year, but that could end the good news for a while
▼ + stars: | 2023-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The U.S. economy likely grew at a solid pace to start the year, though things are expected to get worse before they get better. "It shows an economy that so far is resilient, weathering all kinds of storms so far and growing at pretty close to potential. Where the growth is So far, consumers have managed to withstand the higher rates. "We expect a solid 2.3% (QoQ SAAR) increase in Q1 real GDP, with details that appear even more positive for the economic backdrop. Despite rising debt levels and the prospects that financing will become more difficult to come by, consumers are in fairly solid shape.

☆ The Woman Shaping a Generation of Black Thought
▼ + stars: | 2023-04-26 | by ( Jenna Wortham | ) www.nytimes.com time to read: +4 min

In her first book, “Monstrous Intimacies,” Sharpe writes extensively on Walker’s work to reveal how society is programmed to default to racist narratives. The work in Sharpe’s office, like many of Walker’s famous prints and sculptures, is devoid of color. The more time I spend with Sharpe’s work, the more it inflects my ways of seeing the world. According to Sharpe, Blackness is anagrammatical, meaning that the structures that order language, thought and society become disordered — if not destroyed entirely — when they encounter Blackness. “Her work has shown that we, as Black people, are the foils of humanity,” Frank B. Wilderson III, author of “Afropessimism,” told me.

☆ Canadian housing starts slow as BoC rate hikes weigh
▼ + stars: | 2023-04-19 | by ( Fergal Smith | ) www.reuters.com time to read: +1 min

TORONTO, April 19 (Reuters) - Canadian housing starts fell more than expected in March, contributing to a slower trend in recent months that follows a rapid increase in borrowing costs, data from the national housing agency showed on Wednesday. The seasonally adjusted annualized rate (SAAR) of housing starts fell 11% to 213,865 units from a revised 240,927 units in February, the Canadian Mortgage and Housing Corporation (CMHC) said. "The SAAR of housing starts and the trend appear to be returning to pre-pandemic levels," Bob Dugan, CMHC's chief economist, said in a statement. The Bank of Canada has lifted its benchmark interest rate to a 15-year high of 4.50% to tackle inflation. For the first quarter, starts averaged 223,000, the weakest quarter since the depth of the COVID-19 pandemic in early-2020, Robert Kavcic, a senior economist at BMO Capital Markets, said in a note.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. 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.

Search resuls for: "saar"

25 mentions found