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☆ Arkansas Orders Chinese Company's Subsidiary to Divest Itself of Agricultural Land
  + stars: | 2023-10-17 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +3 min
Northrup is a subsidiary of Syngenta Seeds, which is owned by China National Chemical Company, or ChemChina, a Chinese state-owned company. Concern has been growing in many states about foreign ownership of farmland. Prior to this year, 14 states had laws prohibiting or restricting foreign ownership and investments in private farmland. Under the Arkansas law, if a company doesn’t divest of the land, the state can take action in court. The surge in state laws targeting land ownership by certain foreigners represents a “a political flashpoint” that Brown says stems from some highly publicized cases of Chinese-connected entities purchasing land near military bases in North Dakota and Texas.
Persons: Tim Griffin, Northrup King, Sarah Huckabee Sanders, Northrup, ” Sanders, Griffin, Syngenta, Micah Brown, ”, Brown, David Lieb Organizations: —, Northrup King Seed, Republican, GOP Gov, Syngenta, China National Chemical Company, National Agriculture Law Center, University of Arkansas, U.S . Department of Agriculture, Associated Locations: — Arkansas, Craighead County, Arkansas, China, Iran, North Korea, Russia, North Dakota, Texas, Jefferson City , Missouri
☆ ETF Edge, October 16, 2023
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
☆ Cathie Wood on bringing her strategies to Europe
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS03:11 Cathie Wood on bringing her strategies to Europe24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
☆ Cathie Wood: Elon Musk is a "troubleshooter"
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS02:12 Cathie Wood: Elon Musk is a "troubleshooter"24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval07:25 Cathie Wood on AI & a new "growth" revolution03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
☆ Cathie Wood says the bond market is key to a resurgence in her favorite innovation stocks
  + stars: | 2023-10-16 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Ark Invest's Cathie Wood said Monday that her innovation darlings are poised to lead the market once bonds start to rally and push down interest rates. The widely followed investor has been betting on stronger-than-expected deflationary forces, which could eventually bring down bond yields. The innovation fund has suffered a big investor exodus this year, with $773 million in total outflows, according to FactSet. Wood said it was due to investors taking some chips off the table after the fund's strong rally. The investor continues to be bullish on the artificial intelligence boom, believing it is an antidote to inflation and a big driver of productivity .
Persons: Cathie Wood, Wood Organizations: Innovation, Nasdaq Locations: FactSet
☆ Cathie Wood on "spot bitcoin" approval
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS04:30 Cathie Wood on "spot bitcoin" approval24:46 ETF Edge, October 16, 202302:12 Cathie Wood: Elon Musk is a "troubleshooter"07:25 Cathie Wood on AI & a new "growth" revolution03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
☆ Cathie Wood on AI & a new "growth" revolution
  + stars: | 2023-10-16 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
RELATED VIDEOS07:25 Cathie Wood on AI & a new "growth" revolution24:46 ETF Edge, October 16, 202304:30 Cathie Wood on "spot bitcoin" approval02:12 Cathie Wood: Elon Musk is a "troubleshooter"03:11 Cathie Wood on bringing her strategies to Europe08:16 ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
Persons: Wood, Elon, Cathie Wood Organizations: Edge Locations: Europe
☆ ARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approved
  + stars: | 2023-10-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest CEO Cathie Wood: Hopes are rising that a number of Bitcoin ETFs will be approvedARK Invest CEO Cathie Wood joins 'Halftime Report' to discuss the nine applicants running for a spot Bitcoin ETF, changing behavior among the SEC towards Bitcoin ETFs, and the impact higher rates are having on ARK Invest's holdings.
Persons: Cathie Wood Organizations: SEC
☆ 'Great tailwind': Asset manager is bullish on this under-the-radar AI stock
  + stars: | 2023-10-13 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
But according to Deepwater Asset Management, there's one under-the-radar AI stock that will be essential for the long-term infrastructure rollout of artificial intelligence. "An under-the-radar AI stock is Vertiv," Doug Clinton, managing partner at Deepwater, told CNBC's "Street Signs Asia" last week. The company's specialty is graphics processing units, or GPUs, which have become the preferred chips for the large AI models that underpin generative AI software. "We think [Vertiv has] a great tailwind for the next three to five years as this AI hardware buildout continues," Clinton added. Alphabet Alphabet , which Clinton described as Deepwater's largest AI holding, has a "great catalyst" for the latter half of this year: the launch of its latest AI model Gemini.
Persons: Doug Clinton, CNBC's, Clinton, Kif Leswing Organizations: Nvidia, Microsoft, Asset Management, Deepwater, Deepwater Frontier Tech, Ark, Global, Robotics, Intelligence, Deepwater Frontier, Adobe, Unity Software Locations: U.S, LOUP, Netherlands, Taiwan, South Korea
☆ Arkansas Lawmakers OK Plan to Audit Purchase of $19,000 Lectern for Gov. Sarah Huckabee Sanders
  + stars: | 2023-10-12 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
(AP) — Arkansas lawmakers on Thursday voted to audit the purchase of a $19,000 lectern for Gov. The Republican Party of Arkansas reimbursed the state for the purchase on Sept. 14, and Sanders’ office has called the use of a state credit card for the lectern an accounting error. Sanders’ office said it received the lectern in August. Sanders’ office has not said what features contributed to the lectern’s seemingly high cost. The lectern's purchase was uncovered by Matthew Campbell, a blogger and attorney who has sued Arkansas State Police and claimed the agency withheld documents about Sanders' security and travel.
Persons: Sarah Huckabee Sanders, Sanders, Sanders ’, ” Hickey, Donald Trump, Alexa Henning, ” Henning, Tom Mars, Hickey, Matthew Campbell, Campbell, Roger Norman, Jimmy Gazaway, “, ” Norman, Grant Hodges, Republican Sen, John Payton Organizations: —, Republican, Republican Party of Arkansas, GOP, Beckett, Arkansas State Police, Legislative Audit, ” Republican Locations: — Arkansas, Virginia
☆ Cathie Wood says AI is highly deflationary and her top picks include Twilio and UiPath
  + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Ark Invest's Cathie Wood said Thursday that the artificial intelligence boom is an antidote to inflation and a big driver of productivity. "AI is going to lead to one of the biggest improvements in productivity … which is highly anti-inflationary," Wood said at CNBC's Financial Advisor Summit . Another area for AI opportunities is software, Wood said. Wood said she particularly values companies that know how to utilize proprietary data. So it has a lot of proprietary data to help marketers and salespeople understand the best way to target customers," Wood added.
Persons: Cathie Wood, Wood, Twilio Organizations: CNBC's Financial, Ark Invest, Meta
☆ Taking Stock of Tech Stocks with Cathie Wood
  + stars: | 2023-10-12 | by ( Deirdre Bosa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaking Stock of Tech Stocks with Cathie WoodAfter taking a beating during the Fed's recent cycle of aggressive interest rate hikes, Cathie Wood's ARK Fund resurged this year, due in large part to investors' appetite for stocks with AI exposure. But what's next? Wood discusses the biggest opportunities in tech and shares her top picks in the year ahead.
Persons: Cathie Wood, what's, Wood Organizations: Tech
☆ Maps of the 2023 ‘Ring of Fire’ Solar Eclipse
  + stars: | 2023-10-11 | by ( Jonathan Corum | Katrina Miller | ) www.nytimes.com   time to read: +13 min
Maps of the 2023 ‘Ring of Fire’ Solar EclipseOn Saturday, Oct. 14, an annular or “ring of fire” solar eclipse will sweep across much of the Western Hemisphere. Viewers outside the path of annularity will see the crescent sun of a partial solar eclipse. The map below shows the path of the eclipse, and the approximate local time when the ring of fire will be visible. NEV. CALIF. Ely Los Angeles Las Vegas Salt Lake City San Diego WYO. Corpus Christi MEXICO 12:00 p.m. MISS.
Persons: Eugene MINN, Louis KAN, Butte Eugene, Ely San Francisco Columbus, Charlotte N.C, Casper, KAN, Torreón, Torreón San Antonio Austin, Eugene Medford, Central Time TEXAS Dallas Torreón, Central Time TEXAS Dallas Torreón San Antonio Austin Organizations: Central, Central America, Viewers, Edmonton BRITISH COLUMBIA SASKATCHEWAN ALBERTA Vancouver, Regina, Seattle Winnipeg Shadow, Ottawa VT, Toronto Medford Boston, Minneapolis S.D ., New York Chicago Des Moines Philadelphia, Reno Salt Lake City NEB . Sacramento OHIO Omaha N.J, Ely, Ely UTAH Columbus San, Indianapolis NEV, Ocean, Fresno COLO, Richmond Louisville St, Las Vegas, Alamos, Flagstaff Santa Fe Los Angeles TENN ., Memphis Albuquerque Columbia, OKLA, San Diego Little Rock, Atlanta Birmingham N.M, Lubbock MISS, Tucson Las, Dallas Jackson ALA, El, El Paso Midland, Odessa, Central Time, Houston New, Tampa Beeville, Corpus Christi, Tampico, Mérida, Mérida Guadalajara JAMAICA, Mexico City Toluca, Puebla Chetumal, Tegucigalpa Guatemala, SALVADOR, NICARAGUA PANAMA, Time, Time Panama City, Edmonton, Edmonton BRITISH COLUMBIA ALBERTA Vancouver SASKATCHEWAN, Calgary MANITOBA Regina QUEBEC ONTARIO Seattle Winnipeg Shadow, Spokane Missoula Portland MAINE Montreal, Boise Toronto, S.D . Minneapolis, S.D . Minneapolis Rapid City N.Y . IDAHO Buffalo, New York Chicago Philadelphia Des Moines Reno, Ely San, Ely San Francisco Columbus UTAH, Time Fresno Richmond Louisville St, Vegas CALIF, Los Alamos Nashville, Santa Fe Los Angeles TENN ., Phoenix San Diego Little Rock, Lubbock Tucson Birmingham, MISS, Dallas Midland Jackson ALA, Time Austin, Time Austin Hermosillo New, Antonio, Tampa, Corpus Christi Miami, Mexico City, Managua Pacific, Pacific Time, Pacific Time BRITISH COLUMBIA Vancouver Seattle Portland, Spokane Medford, Calgary San, Calgary San Francisco Sacramento Missoula, Ely Los Angeles Las, Flagstaff, S.D, Denver, Colorado Springs, Colorado Springs Tucson Pueblo, Colorado Springs Tucson Pueblo Los Alamos Albuquerque NEB, Wichita Kansas City Midland Oklahoma City Odessa, Central Time TEXAS, ARK, Torreón San Antonio Austin Little, Laredo Monterrey, Houston, Christi, Jackson León, New, New Orleans Tampico Mexico City, Tampa Campeche Mérida, Miami Cancún, Havana, SALVADOR Tegucigalpa, Eugene Medford Spokane, San Francisco Sacramento Reno, MONT . IDAHO Fresno, Flagstaff Durango Phoenix Denver, Tucson Pueblo, Midland Oklahoma City Odessa, Central Time TEXAS Dallas, Central Time TEXAS Dallas Torreón San, Laredo Monterrey Beeville Houston, Tampico Mexico City, Campeche Mérida, COSTA RICA, Pacific, San Francisco Sacramento Reno Boise CALIF ., San Francisco Sacramento Reno Boise CALIF . IDAHO Fresno, Portland Toronto, Chicago Denver New, Francisco UNITED STATES, Los Angeles Dallas Atlanta, Austin Houston San, Gulf of Mexico Miami, MEXICO Havana, COLOMBIA Bogotá, Natal Cali, Manaus, Salvador, Portland, Denver New, Angeles Phoenix Atlanta Dallas, Time San, Gulf of Mexico Miami MEXICO Havana, Bogotá Natal, Cali Recife, Manaus Quito, ECUADOR Salvador Pacific Ocean BRAZIL PERU Brasília, Pacific Time Chicago Denver, New York, CANADA, STATES, NASA, Goddard, University of Arizona, NOAA Locations: Oregon, Texas, of Mexico, Central, Calgary, Regina MANITOBA ONTARIO QUEBEC, Seattle, Pacific Time Spokane Missoula N.D . MAINE Portland MONT, Bismarck Butte, Eugene, Ottawa, Boise, Minneapolis S.D, Minneapolis S.D . IDAHO Rapid City N.Y, Buffalo CONN . Milwaukee WYO, Casper Detroit IOWA, New York Chicago, Reno Salt Lake City NEB . Sacramento OHIO, Ely UTAH, Ely UTAH Columbus San Francisco, Denver, Ocean Kansas, Richmond, Louis KAN . VA, CALIF . KY, Las, Las Vegas Durango Wichita, N.C, Flagstaff Santa Fe Los Angeles, Flagstaff Santa Fe Los Angeles TENN . Oklahoma, Memphis, San, Lubbock, Tucson Las Cruces, El Paso, El Paso Midland LA, Odessa San Angelo, Houston New Orleans San Antonio Chihuahua, Tampa Beeville FLA, Corpus, Corpus Christi Laredo, Miami Gulf, Mexico Monterrey, Havana MEXICO CUBA, Mérida Guadalajara, Campeche, Mexico, Puebla, BELIZE HONDURAS, GUATEMALA, Ocean Managua, NICARAGUA, NICARAGUA PANAMA COSTA RICA, Time Panama, Time Panama City San, Edmonton BRITISH, Spokane Missoula Portland MAINE, Spokane Missoula Portland MAINE Montreal MONT, N.D, Bismarck, Butte, Butte Eugene MINN, Boise Toronto Boston Medford, S.D, S.D . Minneapolis Rapid City N.Y, S.D . Minneapolis Rapid City N.Y . IDAHO Buffalo CONN . Milwaukee WYO, Salt Lake City NEB . OHIO, Omaha, Ely San Francisco, W.VA . Kansas, Time, Vegas, Durango KY, Wichita, Los, Santa Fe Los Angeles, Santa Fe Los Angeles TENN . Oklahoma, Flagstaff ARK, Phoenix, Atlanta, TEXAS, El Paso LA, Time Austin Hermosillo, Time Austin Hermosillo New Orleans Houston Chihuahua, Tampa FLA, Gulf of Mexico Monterrey, JAMAICA Guadalajara, Mexico City Campeche, BELIZE, HONDURAS, Tegucigalpa, Managua, NICARAGUA PANAMA, COSTA RICA, Pacific Time BRITISH, Pacific Time BRITISH COLUMBIA Vancouver Seattle Portland Eugene, Spokane, Calgary San Francisco Sacramento, Calgary San Francisco Sacramento Missoula Reno Boise IDAHO Butte Fresno, NEV . CALIF, Ely Los Angeles, Ely Los Angeles Las Vegas Salt Lake City San Diego WYO . UTAH, Rapid, Flagstaff Durango, COLO, Colorado Springs Tucson, Colorado Springs Tucson Pueblo Los Alamos, Santa Fe N.M, Hermosillo Las Cruces Omaha, El Paso Chihuahua Lubbock, Wichita Kansas City Midland Oklahoma City Odessa San Angelo, Torreón San, Houston MEXICO, New Orleans Tampico Mexico, New Orleans Tampico Mexico City Puebla, FLA, Miami, Havana GUATEMALA, CUBA, HONDURAS Managua, JAMAICA COSTA RICA, Panama, PANAMA, COLOMBIA, Pacific, Pacific Time Seattle Portland, San Francisco, San Francisco Sacramento Reno Boise, MONT . IDAHO, Ely Los Angeles Las Vegas Salt, WYO . UTAH, Flagstaff Durango Phoenix, Tucson Pueblo Los Alamos Albuquerque Santa Fe, Las Cruces, Midland Oklahoma City Odessa OKLA, Angelo, Central Time TEXAS Dallas Torreón San Antonio, Laredo Monterrey Beeville, Corpus Christi MEXICO, Tampico Mexico, GUATEMALA BELIZE, COSTA, San Francisco Sacramento Reno Boise CALIF, San Francisco Sacramento Reno Boise CALIF . IDAHO, Tampico, South America, Brazil, Chicago Denver New York, Francisco, Austin Houston San Antonio, Gulf of Mexico, MEXICO, JAMAICA BELIZE, HONDURAS GUATEMALA, PANAMA COSTA RICA, VENEZUELA, Recife, Manaus Quito, ECUADOR, Ocean PERU, Rio de Janeiro BOLIVIA, Toronto, Denver New York, Time San Antonio, Gulf of Mexico Miami MEXICO, Mexico City BELIZE JAMAICA, ECUADOR Salvador Pacific Ocean BRAZIL PERU, Havana, Mexico City BELIZE, PANAMA COSTA RICA VENEZUELA, Cali, Natal, Salvador BRAZIL, Mexico MEXICO, Time COLOMBIA BRAZIL, United States, New York City
☆ Scrutiny of Arkansas Governor's $19,000 Lectern Deepens After New Records Are Released
  + stars: | 2023-10-10 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +5 min
Sarah Huckabee Sanders' office planned to use Republican Party funds to reimburse the state for a $19,000 lectern, which was bought in June using a government credit card. The undated reimbursement note adds to weeks of scrutiny over the purchase, which has dominated political talk in Arkansas. Mars has said he has a client willing to give a confidential statement to lawmakers who has firsthand knowledge that Sanders' office interfered with open records requests. Earlier emails about the purchase released Monday don't reference plans for the Arkansas Republican Party to reimburse the state. Sanders’ office has not said what features contributed to the lectern’s seemingly high cost.
Persons: Sarah Huckabee Sanders, ”, Republican Sen, Jimmy Hickey, Sanders, Donald Trump, Laura Hamilton, Cassie Cantlon, doesn't, Hamilton, “, Alexa Henning, Tom Mars, Hickey, Mars, Joseph Wood, Sanders ’, Matthew Campbell, Campbell Organizations: —, Arkansas Gov, Republican, Arkansas GOP, Associated Press, AP, Republican Party of Arkansas, Department of Transformation, Beckett, Arkansas Republican Party, Arkansas State Police Locations: Arkansas, Virginia
☆ Arkansas Purges 427K From Medicaid After Post-Pandemic Roll Review; Advocates Worry About Oversights
  + stars: | 2023-10-10 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +4 min
During the coronavirus pandemic, states were prohibited from removing people from Medicaid in exchange for receiving enhanced federal funding. States have 14 months to finish their backlog of eligibility reviews, according to guidelines from the federal Centers for Medicare and Medicaid Services. Like in most states, many of those who lost Medicaid coverage in Arkansas were removed for procedural reasons, such as not returning renewal forms needed to verify their eligibility. People removed from Medicaid can regain coverage retroactively if they provide information proving their eligibility within 90 days. Arkansas' percentage decline in children covered by Medicaid ranks among the largest in the nation, Alker said.
Persons: ”, Joan Alker, Kristi Putnam, ” Putnam, Sarah Huckabee Sanders ’, Grant Tennille, “ It’s, ” Tennille, Tippi McCullough, ” McCullough, Joe Biden's, Alker, ___ Lieb Organizations: Republican, Georgetown University Center for Children, Medicare, Services, Arkansas Department of Human, Republican Gov, Arkansas Democratic, Medicaid, District of Columbia, Arkansas Locations: Arkansas, Jefferson City , Missouri
☆ Author and Activist Louise Meriwether, Who Wrote the Novel ‘Daddy Was a Number Runner,' Dies at 100
  + stars: | 2023-10-10 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +5 min
NEW YORK (AP) — Louise Meriwether, the author and activist whose coming-of-age novel "Daddy Was a Number Runner" is widely regarded as a groundbreaking and vital portrait of race, gender and class, has died. "Daddy Was a Number Runner," published in 1970, tells of a poor Black community in Harlem during the 1930s as seen through the eyes of 12-year-old Francie Coffin. Political Cartoons View All 1206 ImagesIn 2016 the Feminist Press and TAYO Literary Magazine launched the Louise Meriwether First Book Prize for "debut women/nonbinary writers of color." "Daddy Was a Number Runner" was a personal story. After returning to New York in the late 1960s, she joined the Harlem Writers Guild and befriended Angelou and Sonia Sanchez, among others.
Persons: — Louise Meriwether, Meriwether, Cheryl Hill, Hill, Francie Coffin, Francie, I'm, Toni Morrison's, Angelou's, James Baldwin, Jacqueline Woodson, Louise Meriwether, Rosa Parks, Daniel Hale Williams, Robert Smalls, John Birch, Muhammad Ali's, Angelo Meriwether, Earle Howe, Louise Jenkins, Budd Schulberg, Angelou, Sonia Sanchez, Sarah Lawrence Organizations: Amsterdam Nursing, Feminist Press, Columbus Foundation, Los Angeles Times, IMF, World Bank, John Birch Society, Sarah Lawrence College, University of Houston, New York University, UCLA, Watts Writers, South Central, Universal Studios, Harlem Writers Guild, Pine Manor College Locations: Manhattan, Harlem, Puerto Rican, South Africa, Haverstraw , New York, Brooklyn, South, South Central Los Angeles, Hollywood, New York, Pine
☆ Wall Street advances as investors monitor Mideast conflict headlines
  + stars: | 2023-10-09 | by ( Sinéad Carew Shashwat Chauhan | Sinéad Carew | Shashwat Chauhan | ) www.reuters.com   time to read: +4 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. A recent surge in U.S. Treasury yields had pressured equities. Shares of the airlines, also hurt by rising oil prices, putting pressure on the S&P 500 Passenger Airlines index (.SPLRCALI). Exchange-traded funds exposed to Israel were selling off, with iShares MSCI Israel ETF falling along with the ARK Israel Innovative Technology ETF .
Persons: Brendan McDermid, Joe Biden, John Augustine, Augustine, Big advancers, iShares, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Dasgupta, Richard Chang Organizations: New York Stock Exchange, REUTERS, Hamas, U.S, Federal, Huntington National Bank, Columbus, Peoples, Treasury, Fund, Nasdaq, Dow Jones, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Aerospace, Northrop Grumman, L3Harris Technologies, Exchange, ARK Israel Innovative Technology ETF, Thomson Locations: New York City, U.S, Israel, Palestinian, Gaza, Columbus , Ohio, Tel Aviv, New York, Bengaluru
☆ Wall Street declines on Middle East conflict
  + stars: | 2023-10-09 | by ( Shashwat Chauhan Ankika Biswas | Shashwat Chauhan | Ankika Biswas | ) www.reuters.com   time to read: +4 min
Energy (.SPNY) was the top S&P 500 sector gainer, jumping 3.6% and on track for its best single-day performance in six months. The airlines' shares were down around 5% each, dragging the S&P 500 Passenger Airlines index (.SPLRCALI) down 4.5% to its lowest in a year. The broader S&P 500 Aerospace & Defense index (.SPLRCAERO) jumped 4.9%. Exchange-traded funds exposed to Israel including iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF slid 7.8% and 4.6%, respectively. The S&P index recorded four new 52-week highs and 18 new lows, while the Nasdaq recorded 24 new highs and 236 new lows.
Persons: Brendan McDermid, Tesla, Israel, Lloyd Austin, It's, Peter Andersen, Northrop, Lockheed Martin, iShares, decliners, advancers, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Nvidia, Big Tech, U.S, Israel, Dow, Nasdaq, Hamas, U.S . Defense, Dow Jones, Treasury, Columbus Day, Apple, Microsoft, U.S ., Andersen Capital Management, Boston . Energy, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Northrop Grumman, General Dynamics, Lockheed, Aerospace, . Exchange, ARK Israel Innovative Technology, Federal, NYSE, Thomson Locations: New York City, U.S, China, Israel, Palestinian, Lebanon, Gaza, United States, Boston, Tel Aviv, Bengaluru
☆ Israel-exposed stocks fall on fears of escalation in Middle East conflict
  + stars: | 2023-10-09 | by ( Danilo Masoni Sruthi Shankar | Danilo Masoni | Sruthi Shankar | ) www.reuters.com   time to read: +3 min
Oct 9 (Reuters) - Shares in U.S. and European-listed companies with business exposure to Israel fell on Monday on worries that an escalation in conflict with Palestinian Islamist group Hamas would impact their operations. Wall Street opened lower, while European stocks dipped as surging oil prices fanned inflation worries and investors fled to the safety of government bonds and the dollar. U.S. shares of Israeli chipmaker Tower Semiconductor fell 5.2%, while Intel (INTC.O) dipped 1.1% and Nvidia (NVDA.O) 2.1%, dragging the chip sector lower. U.S.-listed shares of Israel's Teva Pharmaceutical (TEVA.TA), the world's largest generic drugmaker, fell 3.3%, while those in fertilizer group ICL Group (ICL.TA) dipped 1.4%. U.S. exchange-traded funds exposed to Israel such as the iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF fell 6.6% and 4.4%, respectively.
Persons: Benjamin Netanyahu, Raffi Boyadjian, Energean, Adani Ports, Danilo Masoni, Sruthi Shankar, Amanda Cooper, Deborah Kyvrikosaios, Arun Koyyur Organizations: Palestinian, Semiconductor, Intel, Nvidia, Energy, Tel Aviv ., U.S, Cruise Line Holdings, Royal Caribbean Group, XM, Israel's, ICL, ARK Israel Innovative Technology, Adani, Thomson Locations: Israel, Tel Aviv, Saudi Arabia, Gaza, London, India, Adani, Haifa Port, Northern Israel
☆ Porsche-backed Sensigo deploys AI tools to smooth vehicle repairs
  + stars: | 2023-10-05 | by ( Paul Lienert | ) www.reuters.com   time to read: +2 min
REUTERS/Leonhard Simon/File Photo Acquire Licensing RightsOct 5 (Reuters) - German automaker Porsche (P911_p.DE) and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventually predict repair issues. Sensigo said its AI-powered service platform and tools can improve the repair process for customers and techs, while boosting service center profitability, reducing repair costs and minimizing warranty risk. The partners’ first startup, Pull Systems, announced in March, manages electric vehicle battery performance. In addition to Porsche, UP’s investment partners include Toyota’s (7203.T) Woven Capital, Alaska Air Group (ALK.N), ARK Invest and others. Portfolio companies include aerial vehicle startups Skydio and Beta Technologies.
Persons: Leonhard Simon, UP.Partners, Sensigo, Paul Lienert, Nick Macfie Organizations: Porsche, REUTERS, Systems, Alaska Air Group, ARK Invest, Beta Technologies, Thomson Locations: German, Munich, Germany, California, Santa Monica, Capital, United States, Detroit
☆ When Will the Saltwater Wedge Reach New Orleans?
  + stars: | 2023-09-29 | by ( Mira Rojanasakul | ) www.nytimes.com   time to read: +11 min
When Will the Saltwater Wedge Reach New Orleans? Lake Pontchartrain By Oct. 28, saltwater is expected to reach a major intake valve at Carrollton that serves most of the city. Gulf of Mexico Lake Pontchartrain By Oct. 28, saltwater is expected to reach a major intake valve at Carrollton that serves most of the city. Gulf of Mexico Lake Pontchartrain By Oct. 28, saltwater is expected to reach a major intake valve at Carrollton that serves most of the city. Gulf of Mexico Lake Pontchartrain By Oct. 28, saltwater is expected to reach a major intake valve at Carrollton that serves most of the city.
Persons: Biden, Bernard, It’s, ”, Jeffrey Graschel, hydrologist, doesn’t, CONN, Matthew Roe, “ It’s, ” Mr, Graschel Organizations: New, Jefferson, Salvador Pointe à, Army Corps of Engineers, Copernicus, Midwest, U.S . Drought Monitor, National Weather Service, NEV, ALA, MISS, Oregon State University In, NOAA’s National Centers for Environmental Information, National Weather, Army Corps Locations: Orleans, Mississippi, New Orleans, Louisiana, Pontchartrain, Carrollton, Algiers, Salvador, la, Mexico Lake Pontchartrain, Salvador Pointe à la, Mexico, Gulf, Ohio, Slidell, La, Minnesota, MAINE, MINN, VT, N.H . IDAHO, S.D, N.Y, WIS, R.I, PA, IOWA, NEB . OHIO, UTAH, COLO . CALIF . VA, KAN . MO, KY, N.C, TENN, OKLA, ., MISS . TEXAS LA, FLA, NEV . UTAH, CONN, WYO, NEV . OHIO, Myrtle Grove, ”
☆ Cathie Wood says Ark Invest avoided Arm's blockbuster IPO because valuation was on 'high side'
  + stars: | 2023-09-22 | by ( Joseph Wilkins | ) www.businessinsider.com   time to read: +2 min
Arm was the biggest IPO in the US since late 2021 when it made its market debut last week. But Ark Invest's Cathie Wood sat out the chip designer's float. "Arm came out, we think, from a valuation point of view on the high side," she told CNBC. The Ark Invest CEO chose not to participate in Arm's $55 billion float because she thought it was overvalued compared to its competitors. AdvertisementAdvertisementArm's IPO was the biggest stock market debut since 2021 after a prolonged slump in listings over the past 18 months.
Persons: Wood, CNBC's Organizations: CNBC, Service, Ark Locations: Wall, Silicon
☆ Rep. French Hill on spending deal: We have not gotten our job done here in the House
  + stars: | 2023-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. French Hill on spending deal: We have not gotten our job done here in the HouseRep. French Hill (R-Ark.) joins 'Squawk box' to discuss the latest in spending debate on Capitol Hill as the prospect of a government shutdown looms, the challenges facing House Speaker Kevin McCarthy, and more.
Persons: Kevin McCarthy Organizations: Rep, Capitol
☆ Cathie Wood is a fan of this AI company, and says the 'AI revolution' will 'change everything'
  + stars: | 2023-09-21 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
Cathie Wood says a U.K.-founded company is "one of the best AI companies in the world." It now operates as Google DeepMind. This year, Alphabet said it's merging DeepMind with an internal Google Research team called Brain . It's a move designed to bring two groups focused on AI closer together as the battle for AI heats up. Google is racing to compete with Microsoft and other tech companies in AI, with Microsoft already making huge strides with its investment in OpenAI.
Persons: Cathie Wood, Ark, CNBC's, DeepMind, Wood Organizations: Google, Google Research, Microsoft, Wednesday Locations: OpenAI
☆ Ark CEO Cathie Wood says she avoided the Arm IPO frenzy. Here's why
  + stars: | 2023-09-20 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | ReutersArk Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial public offering last week because she finds the chip designer was overvalued relative to its competitive position. Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Brendan Mcdermid | Reuters"So we did not participate in that IPO, and we also compare it to the stocks in our portfolios. The top holdings in Wood's flagship Ark Innovation ETF include Tesla , Shopify , UiPath , Unity , Zoom , Twilio , Coinbase , Roku , Block and DraftKings .
Persons: Cathie Wood, Brendan McDermid, Wood, Rene Haas, Brendan Mcdermid Organizations: Ark Invest, CNBC, New York Stock Exchange, Reuters Ark, Nasdaq, Reuters, Innovation, Tesla, U.S . Federal Reserve Locations: New York City, New York, U.S
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