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Karl-Anthony Towns had 62 around the midpoint of the fourth quarter in Minnesota. Mark it down: Jan. 22, 2024, was a day unlike almost any other in NBA history. On the 18th anniversary of Kobe Bryant's 81-point game for the Los Angeles Lakers — the second-best scoring game in NBA history — Embiid and Towns put on a scoring show of their own with a pair of career-high, franchise-record efforts. Towns scored his 62nd point — two more than his previous career best and Wolves record — on a layup with 5:27 left in Minnesota's game against Charlotte. It all meant Monday was the fourth day in NBA history where two players scored at least 60 points in the same day.

Persons: Joel Embiid, Karl, Anthony Towns, —, Towns, David Thompson, George Gervin, Jerry West, Wilt Chamberlain, Chamberlain Organizations: Kobe Bryant's, Los Angeles Lakers, 76ers, San, Charlotte, Elgin Baylor Locations: Philadelphia, Minnesota, Kobe, San Antonio

☆ Bank OZK CEO: 2023 was 'business as usual' despite turmoil in the industry
▼ + stars: | 2024-01-22 | 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 EmailBank OZK CEO: 2023 was 'business as usual' despite turmoil in the industryGeorge Gleason, Bank OZK CEO, joins 'Money Movers' to discuss whether the regional banks are now active in the loan business, how cautious Gleason is for commercial real estate or construction loans, and more.

Persons: George Gleason, Gleason Organizations: Bank, Bank OZK

☆ Bank credit is shrinking for the first time since the Great Recession – and that's a red flag for the economy
▼ + stars: | 2024-01-19 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

The last one was during the Great Recession, brought about by the global financial crisis of 2008-2009. The extended slump in bank lending comes as many Wall Street experts continue to project a pessimistic outlook for the economy, despite the surprisingly upbeat trend seen in 2023. Recession warningsThe US economy defied forecasters' gloomy predictions by dodging a recession last year, with strong consumer spending helping to prop up growth. AdvertisementBut not everyone on Wall Street is so cheerful. It might be a mild recession or a heavy recession," he added, noting it's possible that the downturn bites in 2024.

Persons: —, Jeffrey Gundlach, Henry Kravis, David Rosenberg, Steve Hanke, Gary Shilling, Continentale, Janet Yellen, haven't, JPMorgan Chase, Jamie Dimon, Hanke, Rosenberg, it'd Organizations: Service, Business, Governors, Federal, Wall, Louis Federal Reserve, Bank, Federal Reserve, Philadelphia Fed, JPMorgan, Fox Business Locations: Bank, Ukraine, Gaza

☆ Elon Musk is about to find out if ultimatums really work
▼ + stars: | 2024-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."

Persons: —, Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern

☆ China's population keeps falling — and that's more bad news for the world's 2nd-largest economy
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Read previewChina's population fell again last year – and that's a worrying sign for Beijing policymakers already grappling with deflation, a property crisis, and anemic economic growth. It's the second consecutive year that China's population has shrunk after six decades of rapid growth. Here's why dropping population numbers pose a threat to the world's second-largest economy. Worrying dataChina's population fell in 2022 for the first time since the 1960s – and Wednesday's statistics showed that the same thing happened again last year. A declining population is also bad news for real estate, which accounts for a quarter of China's economy and 70% of household wealth.

Persons: —, lockdowns, They've, they'll Organizations: Service, Business, National Bureau, Statistics, World Health Organization, Apple Locations: Beijing, China, —, Japan

☆ 2024 will be a perilous year for the world economy as geopolitical tensions ramp up, top economists warn
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Top economists are fretting about geopolitical tensions, according to a World Economic Forum survey. AdvertisementThe year 2024 will likely be a stormy one for the global economy as growth slows and geopolitical tensions ramp up around the world, according to a World Economic Forum survey. More than half the respondents said the world economy will get weaker this year, and 70% predicted looser financial conditions – implying that they believe central banks, including the US Federal Reserve, will start lowering interest rates at some point in 2024. Advertisement"Amid accelerating divergence, the resilience of the global economy will continue to be tested in the year ahead," WEF managing director Saadia Zahidi said. "Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising."

Persons: they're, Ray Dalio, Jamie Dimon, —, Saadia Zahidi, JPMorgan Chase, aren't Organizations: Service, US Federal Reserve, JPMorgan, Sunday Times, Bridgewater Associates Locations: Swiss, Davos, Ukraine, China, Chicago

☆ Goldman Sachs posts an earnings beat as growth for its stock-trading business triples estimates
▼ + stars: | 2024-01-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGoldman Sachs posted a better-than-expected fourth-quarter earnings report Tuesday, bringing a sometimes turbulent year for the bank and its CEO David Solomon to a close. This story is available exclusively to Business Insider subscribers. Its total revenue for the quarter came in at $11.3 billion, slightly higher than Wall Street's prediction of $10.8 billion. "This was a year of execution for Goldman Sachs," Solomon said.

Persons: —, Goldman Sachs, David Solomon, Refinitiv, Goldman, Solomon Organizations: Service, Business, Revenue, Federal Reserve

☆ Trade between China and Russia ballooned to a record $240 billion last year
▼ + stars: | 2024-01-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China's trade with Russia jumped 26% to a record $240 billion last year, according to customs data published Friday. The ties between the two countries have strengthened since Russia invaded Ukraine in February 2022. AdvertisementTrade between China and Russia ballooned to a new record last year with the economic ties between Beijing and Moscow strengthening even as the war in Ukraine rages on. Dollar-denominated commerce between the two countries climbed 26% from $190 billion to $240 billion in 2023, data published by China's General Administration of Customs on Friday showed. "Ideological confrontation, geopolitical rivalry and bloc politics are not the choice for us, but we stand against economic sanctions, economic coercion, and decoupling and supply chain disruptions," he said.

Persons: —, Brent, Xi Jinping, Vladimir Putin Organizations: Service, China's, Administration, Customs Locations: Russia, Ukraine, China, Beijing, Moscow, Kremlin, Refinitiv, Washington

☆ Opinion: Bill Belichick and Nick Saban were the kind of coaches I tell my therapist about
▼ + stars: | 2024-01-12 | by ( Opinion Jeff Pearlman | ) edition.cnn.com time to read: +11 min

Under his leadership, Belichick took an organization that never sniffed a Super Bowl title and made it a regular occurrence. Jeff Haynes/AFP/Getty Images Belichick, right, coaches alongside New York Giants head coach Bill Parcells during a playoff game in 1984. Jim Rogash/Getty Images Belichick watches from the sideline as his team plays the Seattle Seahawks in the 2015 Super Bowl. Tom Pennington/Getty Images Belichick presents President Donald Trump with an official Super Bowl helmet at the White House in 2017. Kevin C. Cox/Getty Images Belichick leaves the field after losing to the Kansas City Chiefs in December 2023.

Persons: Jeff Pearlman, Jim Fregosi, Paul Olkowski, Fregosi, “ Skip, “ John, ”, “, ” Fregosi, Bill Belichick, Nick Saban, Alabama’s, Belichick, Saban, Tom, Randy Moss, Bear Bryant, Vince Lombardi, Jeff Haynes, Bill Parcells, Parcells, Arthur Anderson, Ralph Waclawicz, George Gojkovich, Anthony Pleasant, Wayne Scarberry, Al Pereira, Robert Kraft, Kraft, Al Messerschmidt, Kevin Terrell, Tom Brady, Damian Strohmeyer, Karen Warren, Steve, David J, Phillip, Jay Leno, Paul Drinkwater, videotaping, Roger Goodell, Matthew West, Peyton Manning, Reed, Jim Rogash, Christian Petersen, Brady, Tom Pennington, Donald Trump, Samuel Corum, Kevin C, Cox, Maddie Meyer, Steven Senne, —, Deion Sanders, Dan Campbell, he’s, Mike Ditka, George Allen, Steve Rushin, Doug Rader, Lou Piniella, it’s Organizations: CNN, Sports, Toronto Blue Jays, Sports Illustrated, Super, New England Patriots, Tide, Bama, Super Bowl, Getty, New York Giants, Parcells, ESPN, Cleveland Browns, Denver Broncos, Buffalo Bills, New York Jets, Jets, NFL Hall of Fame, Patriots, St, Louis Rams, Jacksonville Jaguars, Houston Chronicle, Philadelphia Eagles, NBCU, Bank, NFL, MediaNews, Boston Herald, Indianapolis Colts, Reed Saxon, Giants, Belichick, AFC, Seattle Seahawks, White House, Atlanta Falcons, Anadolu Agency, Los Angeles Rams, Kansas City Chiefs, The Patriots, Twitter, University of Colorado, Detroit Lions, Schlitz, Chicago Bears, Washington Redskins, California Angels, Seattle Mariners Locations: Tuscaloosa , Alabama, AFP, Baltimore, Hawaii, Boulder, California, Swiss, ”

☆ US home prices jump another 5% on tumbling mortgage rates and tight supply
▼ + stars: | 2024-01-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

US home prices climbed 5.2% year-over-year in November, according to CoreLogic. Falling mortgage rates and a dwindling supply have helped prop up the market. AdvertisementUS home prices have continued to climb, according to CoreLogic data, with tumbling mortgage rates helping prop up the nation's supply-starved housing market. The US housing market stagnated last year – but there have been signs of a thaw in recent months, with mortgage rates falling away from 23-year highs. Home prices rose the most in the US's northeastern region in November – with the Rhode Island, Connecticut, and New Jersey housing markets each experiencing double-digit year-over-year growth.

Persons: Selma Hepp, —, Freddie Mac Organizations: Service, Biden Administration, National Association of Realtors Locations: –, Rhode Island , Connecticut, New Jersey, Idaho , Utah, Washington

☆ Sliding mortgage rates are helping to thaw the frozen housing market, Redfin says
▼ + stars: | 2024-01-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

There's finally a glimmer of hope for the housing market, according to Redfin. AdvertisementThere are signs the frozen housing market is starting to thaw after a year where higher mortgage rates drove potential buyers away, according to Redfin. Still, the flare-up fueled a slowdown in housing market activity, with potential buyers disenchanted by higher rates and would-be sellers opting to stay put to take advantage of being locked in at a lower mortgage rate. Mortgage rates still look high compared to historic levels despite the recent pick-up in demand, according to real-estate agents. "There have been more tours and more offers on my listings since mortgage rates started declining," said Shay Stein, who works for Redfin in Las Vegas.

Persons: There's, —, Freddie Mac, Redfin, Shay Stein Organizations: Service, Federal Reserve, Redfin Locations: Las Vegas

☆ President RFK Jr. and an AI deepfake security crisis headline Saxo Bank's 8 outrageous predictions for 2024
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Denmark's Saxo Bank published its annual list of outrageous predictions Tuesday. They flagged risks including an AI deepfake security crisis and Robert F. Kennedy Jr. winning the US presidential election. Headlining the bank's predictions this year are Robert F. Kennedy Jr. winning the 2024 presidential election and the rise of generative AI sparking a national security crisis in the US. Meanwhile, Saxo sees a high-profile government official getting tricked by AI deepfake technology, triggering a national security crisis. "Outrageous predictions are a deliberate effort to push the boundaries of market participants' imaginations and prepare them for any eventuality," Saxo added.

Persons: Robert F, Kennedy Jr, —, Saxo, –, Joe Biden, Donald Trump, John Hardy, Hardy, Peter Garnry Organizations: Denmark's Saxo Bank, Service, RFK, Big Tech, New York Times, EU Locations: Wall, Silicon, FiveThirtyEight

☆ Grand Theft Auto VI publisher's stock tumbles after first trailer reveals the video game won't come out until 2025
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The stock tumbled despite the long-awaited release of the first trailer for Grand Theft Auto VI. The video game is set to come out in 2025, meaning it'll have little to no impact on Take-Two's earnings next year. AdvertisementTake-Two Interactive's stock price tumbled in premarket trading Tuesday after the first trailer for "Grand Theft Auto VI" revealed that the hotly-anticipated title won't be released until 2025. AdvertisementPrevious title "Grand Theft Auto V" is one of the highest-selling video games of all time, having shipped around 190 million copies worldwide and netted Take-Two roughly $8 billion worth of revenue. Rockstar's 90-second video also confirmed that the game will take place in Vice City, the Grand Theft Auto universe's equivalent of Miami, and feature both a male and a female protagonist, as previously reported by Bloomberg News' Jason Schreier.

Persons: —, what's, Jason Schreier Organizations: Service, Rockstar Games, VI, YouTube, Twitter, Deutsche Bank, Bloomberg News Locations: Vice City, Miami

☆ China's battered economy suffers another blow as Moody's slashes its credit outlook
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Moody's Investors Service slashed its outlook for Chinese government bonds to negative on Tuesday. Beijing has rolled out stimulus packages and ramped up borrowing in a bid to support the embattled Chinese economy in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMoody's Investors Service slashed its outlook for China's credit rating on Tuesday, dealing a fresh blow to the world's second-largest economy. Moody's cited stagnant growth and a seemingly never-ending property crisis as factors that could hamper Beijing's ability to repay its debts.

Persons: —, Moody's, that's, –, Read, It's Organizations: Moody's, Service, China's Ministry, Finance, Bloomberg, CSI Locations: Beijing, China, Moody's

☆ Suspected L.A.-Area Serial Killer Charged in 4 Killings, Including 3 Homeless Men
▼ + stars: | 2023-12-04 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

By Steve GormanLOS ANGELES (Reuters) - A suspected serial killer was charged on Monday with murder in the fatal shootings of three homeless men in Los Angeles and a county employee who was robbed and slain after being followed to his residence, all of them over a four-day span, officials said. Powell was charged with four counts of murder, one count of residential robbery and one count of being a felon in possession of a firearm. Los Angeles County Sheriff Robert Luna said there was no known connection among the four men who were slain and suggested that additional victims might end up linked to the case. At that point, Powell was under arrest but had yet to be charged with shooting homeless people. (Reporting by Steve Gorman in Los Angeles; Editing by Christopher Cushing)

Persons: Steve Gorman, Jerrid Joseph Powell, Powell, Robert Luna, didn't, Luna, Karen Bass, George Gascon, Christopher Cushing Organizations: ANGELES, Reuters, Attorney's, Los Angeles City News Service Locations: Los Angeles, . County, San Dimas, Beverly Hills, Los Angeles County

LOS ANGELES (AP) — Prosecutors charged a man Monday with four counts of murder in the fatal shootings of three homeless men in Los Angeles and a suburban resident last month. The Los Angeles resident was then identified as a suspect in the killings of the three homeless men when a firearm found in his car was linked to those shootings, authorities said. The motive for the killings of the homeless victims was not known, Los Angeles Police Chief Michel Moore said during a weekend press conference announcing the arrest. Political Cartoons View All 1277 ImagesJose Bolanos, 37, was found dead with a gunshot wound around 3 a.m. on Nov. 26 in an alley in South Los Angeles, police said. In Orange County, California, a man was charged with killing four homeless men in a series of stabbings from late 2011 to early 2012.

Persons: Jerrid Joseph Powell, Powell, Michel Moore, Jose Bolanos, Mark Diggs, Nicholas Simbolon, “, George Gascón, ”, Itzcoatl Ocampo, Ocampo, cleanser Organizations: ANGELES, — Prosecutors, Los Angeles County, Attorney's, Los, Los Angeles Police, Police, Authorities Locations: Los Angeles, San Dimas, South Los Angeles, Lincoln, Beverly Hills, ”, Angeles County, Las Vegas, Orange County , California

☆ Los Angeles homeless killings: Suspect accused of fatally shooting 3 unhoused people as they slept; police ask for help
▼ + stars: | 2023-12-01 | by ( Cheri Mossburg | Emma Tucker | ) edition.cnn.com time to read: +3 min

CNN —Officials in Los Angeles are asking for the public’s help to find a suspect believed to be targeting the homeless community after three unhoused people were fatally shot in their sleep this week. The killings happened in various locations in the city, including one near Skid Row, an area of downtown Los Angeles known for its large homeless population. The Los Angeles Police Department shared a map of the three locations where three unhoused men were recently killed. “Seek shelter, seek services, stay together, seek support.”Bass called the news “devastating” to the city, which is home to one of the largest unhoused populations in the country. The Los Angeles Police Department has summoned a task force to work on the case.

Persons: Michel Moore, Moore, “, ”, Los Angeles Mayor Karen Bass, ” Bass, George Gascón, ” Moore Organizations: CNN, Los Angeles Police, Los Angeles Police Department, Police, Los Angeles Mayor Locations: Los Angeles, Los Angeles County

☆ Tesla's Cybertruck is an 'awesome' yet polarizing vehicle, says Canaccord's George Gianarikas
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Cybertruck is an 'awesome' yet polarizing vehicle, says Canaccord's George GianarikasGeorge Gianarikas, Canaccord Genuity analyst, joins 'The Exchange' to discuss Tesla's new Cybertruck, the company's shares falling following the event, and more.

Persons: Canaccord's George Gianarikas George Gianarikas, Canaccord

☆ How Jewish People Built the American Theater
▼ + stars: | 2023-11-29 | by ( Jesse Green | ) www.nytimes.com time to read: +46 min

Let Us Tell You A Story How Jewish people built the American theater as we know it. The theater, which for many Jews was a major way of becoming American in the first place, seems unable to acknowledge that the danger that American Jews face is not just historical, and not just onstage. (Both of Adler’s parents were Yiddish theater stars — her father, Jacob Adler, was a renowned Shylock in 1903.) Embedding their own observation and experience within Stanislavsky’s, along with the best of Yiddish theater and a generous dollop of Freud, they converted the American theater to Judaism. Sara Krulwich/The New York TimesThe Jewish contribution to the creation of the American theater was built on the acknowledgment of a larger humanity alive within each of us, available to some, with natural empathy and rigorous training.

Persons: Glocca, “, Lerner, Loewe, ”, Isidore Hochberg, Burton Lane, né Burton Levy, William Goldman, “ Killybegs, Sammy Davis Jr, Julie Andrews, Connie Francis, Rosemary Clooney, Tommy Dorsey, Davis, —, Arthur Miller’s “, joyously, Jason Schmidt, Christine Jones, Miller, I’ve, Marilyn Monroe, Robert Brustein, Neil Simon’s, ” Cynthia Ozick, Sholom, Philip Roth, Simon, Leonard Bernstein, Matt Nadel, Bradley, Bernstein, “ Maestro, Shylock, William Shakespeare’s “, Venice ”, Shakespeare, Christopher Marlowe’s, Farah Karim, Cooper, Bard ”, “ Merchant, Tom Stoppard’s, Sara Krulwich, Ansky’s, Stella Adler, Bessie Berger, Clifford Odets’s, Arthur Miller, Elia Kazan, Francis Joseph Bruguière, Billy Rose, Eugene Smith, Roth, Arthur Schnitzler, Juliet Stevenson, Ruth Wolff, Lorraine Hansberry’s, Sidney’s, Alex Edelman’s “, Leo Frank, Bernard B, Frank, Mandy Patinkin, James Lapine, Stephen Sondheim’s, George, Martha Swope, outspokenness, creatives, Oscar Isaac, Sidney, “ Sidney Brustein, Isaac, Stevenson, Robert Icke, Roman Catholic Cooper, Rachel Brosnahan, Maisel, Joan Rivers —, Brosnahan, Sidney Brustein’s, Alec Guinness, Fagin, “ Oliver Twist, I’m, Micaela Diamond, Ben Platt, Lucille, Alfred Uhry, Jason Robert Brown’s, Rivers, Wolff, Robert, Republic ”, isn’t, LEE Strasberg, Konstantin Stanislavsky’s, Fyodor Ivanovich, Strasberg, Israel Strassberg, Zalmon, Srulke, Joseph Stein, Sheldon Harnick, Jerry Bock’s “, Bette Midler, Jackie Hoffman, Photofest Stanislavsky, Theater’s, Isaac Butler, Stanislavsky, Harold Clurman, George Bernard Shaw, Henrik Ibsen, Clurman, Adler, Jacob Adler, Freud, Rebecca Naomi Jones, Ruthie Rivkin, Jerome Weidman, Harold Rome’s “, John Weidman, disown Strasberg, Sanford Meisner, Bobby Lewis, né, Marlon Brando, James Dean, Meisner, Robert Duvall, Lewis, Meryl Streep, Clifford Odets, Jacob Garfinkle, Jules Garfield, Odets, Sam Feinschreiber, Garfield, Ralph Berger, wasn’t, John, Tovah Feldshuh, Golda Meir, William Gibson’s, Aaron Epstein, exigencies, Bessie, Feinschreiber —, loveless, William Fox, Louis B, Mayer, Jack Warner, Marjorie Morningstar ”, Morgenstern, Marjorie, Natalie Wood, Anne Frank ”, Millie Perkins, Audrey Hepburn, Susan Strasberg —, Ibsen, Sholom Aleichem, August Wilson, Daveed Diggs, Thomas Jefferson, Lin, Manuel Miranda’s “ Hamilton ”, Adrian Lester, Emanuel Lehman —, Barbra Streisand, Marmelstein, George Silk, Miller’s, Sophie Okonedo, Elizabeth Proctor, Ben Whishaw, John Proctor, Jan Versweyveld, Don’t, — Bernstein, Stoppard, Schnitzler, Jeanine Tesori, Tony Kushner’s “ Caroline, Sharon D Clarke, Adam Makké, Noah Gellman, Leo, Stoppard —, Hermine, ” Leo Frank, there’s, Matthew Broderick, Eugene Jerome, it’s, Edelman’s, Queens bigots, David Yosef Shimon ben Elazar Reuven Alexander Halevi Edelman, Woody Allen, Joshua Harmon’s, — George Gershwin, Jerome Kern, Richard Rodgers, Porgy, Bess ”, Barns, Alex Edelman, Paula Vogel, Harvey Fierstein, Jordan Taylor Fuller, — that’s, Wendell Pierce, Friedman, Jacobs, Hirschfeld, Gershwin, Rodgers, PAULA VOGEL, BRANDON URANOWITZ, DAVID CROMER, MICAELA DIAMOND, TONY KUSHNER, Diamond, Monica Rich Kosann, Marco Bicego, JESSE EISENBERG, MATTHEW BRODERICK, AMY HERZOG, LESLIE RODRIGUEZ KRITZER, JOEL GREY, Herzog, Michael Kors, Kritzer, Marco, HARVEY FIERSTEIN, LIEV SCHREIBER, ETHAN SLATER, IDINA MENZEL, TINA LANDAU Organizations: Broadway, Broadway’s Lyceum, “, of Venice, New York Times, Defamation League, New York Public Library, Performing, Vandamm, Billy, Billy Rose Theatre Division, Performing Arts, New, Jacobs, Empire State, Nazi, Goyim Defense, The New York Public Library, Roman Catholic, New York City, Street, Moscow Art, Group, Hollywood, Disney, Everett, The New York Times, Philadelphia, Brit, Times Locations: Poland, American, kilts, E.Y, Harburg, Kilkerry, Kildare, Philadelphia, New York, Polish, Massachusetts, Vichy, Biloxi, Venice, Malta, of, ”, Germany, playgoers, Sweden, England, United States, Pittsburgh, Nazi, Brustein’s, Greenwich, Georgia, Gutenberg, “, Atlanta, Republic, New, Konstantin Stanislavsky’s Moscow, Russian, America, Moscow, Stanislavsky’s, Clurman, Eastern Europe, Czech, Austrian, Auschwitz, Heini, Southern, Brighton, Rivers, French Republic, “ Brigadoon

☆ Stock-market bulls are growing bolder: Now Deutsche Bank predicts the S&P 500 will hit a record 5,100 in 2024
▼ + stars: | 2023-11-28 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The benchmark S&P 500 will climb 12% to hit a new all-time high of 5,100, strategists said. Much of Wall Street has turned bullish on the index, which has defied gloomy predictions to rack up stellar gains this year. AdvertisementDeutsche Bank has become the latest big name on Wall Street to issue a bullish stock-market forecast for 2024, with analysts predicting the S&P 500 will soar to a fresh all-time high next year. AdvertisementWall Street bullishnessThere's clearly an optimistic atmosphere amongst stock-pickers right now, with Deutsche Bank far from the only big name on Wall Street to predict the S&P 500 could climb to record highs. Burnishing Chadha's credentials is the fact that he was one of the only Wall Street strategists who called this year's surprise stock-market rally.

Persons: —, Goldman Sachs, …, Binky Chadha, Tesla, Société Générale, Brian Belski, Burnishing Organizations: Deutsche Bank, Service, Bank of America, RBC Capital Markets, BMO Capital, Deutsche, Business, Big Tech, Apple, Microsoft, Google, Nvidia, Facebook, Nasdaq, Dow Jones

☆ Stocks are headed nowhere fast with high rates likely to weigh on the S&P 500 for all of 2024, Wells Fargo says
▼ + stars: | 2023-11-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Stocks won't bring much joy in 2024, according to Wells Fargo. The bank expects the benchmark S&P 500 to trade within a narrow range the whole year. AdvertisementInvestors shouldn't count on the stocks' stellar run lasting much longer with higher interest rates likely to weigh on the market for all of 2024, according to Wells Fargo. In a research note published Monday, strategists at the bank said they expected the S&P 500 to be trading at between 4,600 and 4,800 points by the end of 2024. Wells Fargo's latest outlook puts it on the more bearish side of Wall Street, with many analysts saying the S&P 500 could have another strong year with the US economy looking likely to avoid a long-predicted recession.

Persons: —, Austin Pickle, Wells, Chris Harvey –, they're Organizations: “ Equity, Service, Fargo Investment Institute, Fed, CNBC, Bank of America, Deutsche Bank, RBC Capital Markets Locations: Wells Fargo, Fargo, Wall

☆ Beijing is reportedly blocking big shareholders from selling stocks in a bid to sustain a market rally
▼ + stars: | 2023-11-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Beijing's stock exchange is stopping major shareholders from selling stocks, Reuters reported. Sales are being blocked in a bid to sustain a market rally, sources told the news agency. AdvertisementThe Beijing Stock Exchange is stopping big shareholders from selling stocks in a bid to sustain a market rally, Reuters reported. It's not clear how long the policy, which appears to be an attempt by the authorities to ensure a recent market rally doesn't fade, will stay in effect, per Reuters. The Beijing Stock Exchange is the youngest of China's three major exchanges.

Persons: —, didn't Organizations: Reuters, Service, Beijing Stock Exchange, Beijing Stock, CSI, China Securities Regulatory Commission, Business, China Morning Post, Financial Locations: Beijing, Shanghai, Shenzhen, Sichuan

☆ Sam Altman's return to OpenAI means he joins Steve Jobs and Jack Dorsey on a list of CEOs who left companies they founded – then eventually came back.
▼ + stars: | 2023-11-26 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Apple’s Steve Jobs and Twitter’s Jack Dorsey made similar comebacks at the companies they founded. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPerhaps the most obvious example is Steve Jobs, who famously left Apple in 1985 after a boardroom struggle. If your company's board is willing to get rid of you once, they'll probably do it again.

Persons: Sam Altman, –, Steve Jobs, Jack Dorsey, —, hadn't, Altman, Greg Brockman, Jobs, John Sculley –, he'd, Travis Kalanick –, Uber, they'll, Dorsey, Elliott, Paul Singer, Elon Musk, Bob Iger, Howard Schultz, Uber's Kalanick, Adam Neumann Organizations: Service, Microsoft, Apple, PepsiCo, NeXT, Twitter, Elliott Management, Disney, Starbucks – Locations: Recode

☆ Vietnam's plan for spending $15.5 billion for its clean energy transition to be announced at COP28
▼ + stars: | 2023-11-24 | by ( ) www.cnbc.com time to read: +2 min

A plan for how Vietnam will spend $15.5 billion to transition to cleaner energy has been finalized and will be announced at the COP28 climate conference, which begins in Dubai next week. George gave no details of the plan. The United Kingdom is co-chair of a group of nine, rich industrialized nations that have agreed to provide the $15.5 billion to help Vietnam end its reliance on dirty coal power and more quickly switch to renewable energy as a part of a Just Energy Transition Partnership, or JETP. Earlier this year, Vietnam released a national energy plan that aimed to more than double the maximum power Vietnam can generate to some 150 gigawatts by 2030. It called for a drastic shift away from heavily polluting coal and pledges that no new coal-fired plants will be built after 2030.

Persons: Mark George, George, Tang Organizations: British, Economic, Trade, Britain, Energy, Sustainable Development Locations: Vietnam, Dubai, Hanoi, United Kingdom, Asia, Pacific, Japan

☆ Get ready for a 2024 election that could have an outsized impact on stocks and the world economy, Lazard's top strategist says
▼ + stars: | 2023-11-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

But the 2024 presidential election could change that, according to Lazard's top strategist. "Whether the US continues to finance and support Ukraine is basically on the ballot," Ronald Temple told Business Insider. Advertisement"I typically try to convey to people that a presidential election is not a game-changer for stocks," he told BI. Geopolitical watershedTemple is highlighting the 2024 election as a potential watershed moment because of how the contest could affect the global geopolitical balance. AdvertisementInflation is still kingUkraine and the presidential election aren't the only two issues Temple is keeping an eye on.

Persons: Ronald Temple, —, hasn't, that's, Donald Trump –, –, Joe Biden, Wall, Temple, Biden, Ron DeSantis, Vivek Ramaswamy, Vladimir Putin, it's, Lazard, Russell Organizations: Business, Service, of Foreign Relations, Washington, Federal, Bureau of Labor Statistics, . Traders Locations: Ukraine, Kyiv, Russia, China

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