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☆ Here's a rapid-fire update on all 35 stocks in the Club's portfolio, including a new buy
▼ + stars: | 2023-09-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. But for investors who haven't bought into its steep pullback, it's reasonable to buy some shares at current levels around $146.50 each. Unless you believe inflation is going to keep raging, making Microsoft's price-to-earnings multiple too high, then this stock is a buy. Nvidia (NVDA): Investors who don't own Nvidia yet should use its recent weakness to start a position, Jim said. Pioneer Natural Resources (PXD): We decided to buy additional Pioneer shares Thursday as the stock fell more than 2%.

Persons: Jim Cramer's, Jim, Amazon, he's, could've, We're, Jefferies, it's, we'd, Dupont De Nemours, That's, Dupont, Danaher, Bob Iger, Estee Lauder, haven't, Locker, Marry Dillon, Leqembi, Eli Lilly's donanemab, Vimal Kapur, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, we're, James Gorman, Oracle, Safra Catz, Elliott, Stanley Black, Decker, TJ Maxx, Wells Fargo, Wells, Wynn, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Web Services, Broadcom, Google, Bausch Health, Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Coterra, Emerson, National Instruments, Ford, United Auto Workers, GE Healthcare, Honeywell International, Honeywell, Linde, LIN, Mounjaro, Meta, Microsoft, Nvidia, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, Constellation, Elliott Management, TJX, Marshalls, Wynn Resorts, WYNN Locations: China, India, Dupont, Emerson, Meta, Beijing, HomeGoods

☆ Baby boomers are big winners from the Fed's policies - but younger generations are 'screwed,' market veteran says
▼ + stars: | 2023-09-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Baby boomers are the big winners from the Federal Reserve's policies, Larry McDonald said. Years of low interest rates boosted asset prices, and now they can earn 5% from Treasury bills. AdvertisementAdvertisementMcDonald's X post made the point that higher rates have lifted yields on Treasury bills to more than 5%. As a result, baby boomers have the option to cash out their profits, invest in short-term government debt, and collect a solid, guaranteed return. While baby boomers are under fire for hoarding wealth, their spending in retirement could prove crucial in sustaining the economy and preventing a recession, market veteran Ed Yardeni argued this summer.

Persons: Larry McDonald, McDonald, Lehman, He's, boomers, Baby, That's, Ed Yardeni Organizations: Service, Fed Locations: Wall, Silicon, millennials, Ukraine

In its annual renumeration report, Stellantis reported CEO Carlos Tavares' 2022 pay was 23.46 million euros. That's a nearly 77% increase over then Fiat Chrysler CEO Mike Manley's 2019 pay of 13.28 million euros. However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic. It's far above the typical pay gap at S&P 500 companies, which was 186-1 according to AP's annual CEO pay survey, which uses data analyzed by Equilar. CEO Elon Musk's 2022 compensation was reported as zero in the company's proxy statement, rendering its official pay ratio meaningless.

Persons: — It’s, Shawn Fain, Fain, ” Fain, ”, Mary Barra, James Farley, William Clay Ford, Stellantis, Carlos Tavares, Mike Manley's, “, Equilar, Tavares, That's, Manley, —, Tavares ’, Harry Katz, Tesla, Elon, Tom Krishner Organizations: United Auto Workers, UAW, Netflix, Writers Guild of America, WGA, Comcast, Big Three, —, Motors, Ford, Chrysler, Associated Press, Big, General, Barra, AP, Equilar, Fiat Chrysler Automobiles, French PSA Group, GM, Fiat Chrysler, Institute, Detroit, Cornell University, U.S Locations: Stellantis, American, European, Detroit

☆ US Supreme Court's Jackson urges nation's history of racism to be taught
▼ + stars: | 2023-09-15 | by ( Andrew Chung | ) www.reuters.com time to read: +3 min

[1/2] U.S. Supreme Associate Justice Ketanji Brown Jackson waves during a photo opportunity outside the U.S. Supreme Court following an investiture ceremony for Justice Jackson at the court in Washington, U.S., September 30, 2022. Jackson used part of her speech as a warning against "complacency and ignorance." "Learning about our country's history can be painful, but history is also our best teacher," she said. In July, the state sparked controversy by approving new guidelines on teaching Black history, including how enslaved people acquired skills for "personal benefit." Jackson's speech echoed her dissent last June to the court's landmark ruling effectively ending college and university affirmative action policies in admissions.

Persons: Ketanji Brown Jackson, Justice Jackson, Kevin Lamarque, Jackson, Addie Mae Collins, Carole Robertson, Cynthia Wesley, Denise McNair, Ron DeSantis, Andrew Chung, Aurora Ellis Organizations: U.S, REUTERS, Supreme, Baptist Church, Ku Klux, Civil, Republican, African American Studies, Black, Thomson Locations: Washington , U.S, United States, Birmingham , Alabama, Birmingham, Florida, New York

☆ Ketanji Brown Jackson urges teaching of US history of racism
▼ + stars: | 2023-09-15 | by ( Andrew Chung | ) www.reuters.com time to read: +3 min

[1/2] U.S. Supreme Associate Justice Ketanji Brown Jackson waves during a photo opportunity outside the U.S. Supreme Court following an investiture ceremony for Justice Jackson at the court in Washington, U.S., September 30, 2022. Jackson used part of her speech as a warning against "complacency and ignorance." "Learning about our country's history can be painful, but history is also our best teacher," she said. Jackson's speech comes at a time of conflict in several states over the teaching of history in schools, especially in Florida, which has restricted some educational efforts regarding racism, slavery and LGBTQ rights. In July, the state sparked controversy by approving new guidelines on teaching Black history, including how enslaved people acquired skills for "personal benefit."

The stock market can be many things. However, the stock market stayed open. A move of a few percentage points in the underlying stock can amount to a double- or triple-digit percentage point increase in the options market. The "premium" is what the buyer pays upfront for the option contract. Rather than buy 100 shares of Apple at $180 each, which would cost $18,000, John decides to use an options contract.

Persons: We're, John, you've, Jim Cramer's, Jim Cramer, Jim Organizations: Gamblers, Social, Bloomberg Intelligence, Apple, Jim Cramer's Charitable, CNBC, Mbbirdy, Getty Locations: 0DTEs, Las Vegas

Finland is a European Union member that supports sanctions on Russia and the most recent to join NATO. Both Turkey and the UAE have condemned Russia’s invasion of Ukraine but have not joined Western sanctions and sought to maintain ties with Russia. The latest sanctions package targets Russian companies that repair, develop and manufacture weapons, including the Kalibr cruise missile. Turkey, meanwhile, has tried to balance its close ties with both Russia and Ukraine, positioning itself as a mediator. Including the latest sanctions, the U.S. has targeted almost 3,000 businesses and people since Russia invaded Ukraine in February 2022, according to State.

Persons: Vladimir Putin’s, ” James O’Brien, Putin, O’Brien, “, ” O’Brien, ”, Richard Connolly, Alexander, Lukashenko, ” Connolly, Denis Manturov, Connolly, Tom Keatinge, Andrei Bokarev, Sergei Shoigu, Iskander Makhmudov, Alexei Krivoruchko, Wagner, Otar, Partskhaladze, Antony Blinken, Suzan Fraser, Jon Gambrell, Antony Blinken’s Organizations: United Arab, State, Treasury, NATO, State Department’s Office, Associated Press, State Department, European Union, The State Department, Russia’s Ministry of Defense, Oxford, Western, Russian Industry, Trade, Centre for Financial, Security, Royal United Services Institute, “, U.S, Russian Defense, Russian, Federal Security Service Locations: States, Russia, Turkey, United Arab Emirates, Georgia, Ukraine, U.S, UAE, Russia’s, Moscow, Finland, European, Belarus, Russian, ”, London, North Korea, Georgian, State, Ankara, Dubai

☆ China’s growth is buried under great wall of debt
▼ + stars: | 2023-09-13 | by ( Yawen Chen | ) www.reuters.com time to read: +8 min

Most of these 3,000-plus entities were created by local governments during the 2008 crisis to skirt a central government ban on direct state borrowing. These vehicles had already accumulated 80 trillion yuan of liabilities at the end of 2022, according to analysts at Guosheng Securities. At a more optimistic 30% discount, the proceeds would jump to 55 trillion yuan, which would cover all outstanding interest-bearing debt. S&P analysts calculate that about 20 trillion yuan of LGFVs’ loans may be at risk of restructuring. If Xi won't boost property wholeheartedly and is not able to count on consumers, his efforts to revive China’s growth have to focus on smashing the great wall of local debt.

Persons: Wen Jiabao, Xi Jinping, Wen, Xi, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, HK, Guosheng Securities, Citi, Finance, Reuters Graphics, Financial Times, Investment, Oxford Economics, Thomson Locations: Beijing, China, Shanghai, New York, China's Southwestern Guizhou, United States

☆ UBS cutting wealth management jobs in Asia
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsZURICH, Sept 11 (Reuters) - UBS (UBSG.S) is cutting around 100 jobs at is wealth management business in Asia shortly after completing its takeover of Swiss rival Credit Suisse. The bank is eliminating the roles in Hong Kong and Singapore, responding to a downturn in client activity as economies in the region slow. The majority will be within teams UBS acquired following its takeover of Credit Suisse earlier this year, the person added. UBS is facing subdued client activity in Asia-Pacific, where Hong Kong and Singapore have long been banking centres for China's ultra-wealthy.

Persons: Denis Balibouse, John Revill, Mark Potter Organizations: Swiss, UBS, REUTERS, Rights, Credit Suisse, Bloomberg, Thomson Locations: Zurich, Switzerland, Asia, Hong Kong, Singapore, Pacific

☆ Inside the real-estate network for women that costs thousands but is helping investors build long-term wealth and achieve financial freedom
▼ + stars: | 2023-09-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Tresa Todd founded the Women's Real Estate Investors Network (WREIN). Stroud was no novice — she had dabbled in real-estate investing but hadn't generated much income from her portfolio. Joining the Women's Real Estate Investors Network (WREIN) was going to be a much bigger upfront investment than the course. She turned to real estate after realizing she needed to supplement her 401(k) money if she ever wanted to retire. Davitt and Verratti quit their jobs to work on their real estate business full-time.

Persons: Tresa Todd, Brenda Stroud's, Stroud, Todd, they've, Brenda Stroud, Brenda Stroud She, Mary Verratti, Brigette Davitt, Davitt, Verratti, Brigette Davitt Verratti, ", We've Organizations: Estate Investors, Dallas, Stroud, Tuskegee Locations: Stroud, Georgia, Tuskegee , Alabama, Pittsburgh , Pennsylvania, Seattle, Pittsburgh, Verratti

☆ 22-year-old who lost $80,000 in crypto: 'I was investing with money I didn't necessarily have'
▼ + stars: | 2023-09-07 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Between November 2021 and June 2022, Nguonly says he lost about $80,000 by investing in crypto on margin. But as bitcoin's price went on a tear, he decided to buy more — about $15,000 worth — on margin. But at the end of 2021 the crypto market took a turn, and by the summer of 2022 bitcoin's price crashed over 70%. "I was investing with some money that I didn't necessarily have," Nguonly tells CNBC Make It. It's also important to avoid investing techniques you don't understand, such as options trading or investing on margin.

Persons: Ethan Nguonly, Nguonly, shiba inu, bitcoin, It's Organizations: CNBC, Securities and Exchange Commission, Federal Reserve, Financial Industry Locations: bitcoin, cryptocurrency

☆ Read Your Way Through Seoul
▼ + stars: | 2023-09-06 | by ( Han Kang | ) www.nytimes.com time to read: +3 min

It consists of bizarre, supernatural tales — kings born from eggs, a magic flute that hushes the storms to sleep. “The Story of Hong Gildong,” also from the Joseon dynasty, was recently translated into English by Minsoo Kang. After starting with sparkling childhood memories in Kaesong — now in North Korea — the narrative shifts to Seoul in the midst of the Korean War. What should I read before I go to Seoul? And novels such as “Concerning My Daughter,” by Kim Hye-jin, translated by Jamie Chang; “My Brilliant Life,” by Ae-ran Kim, translated by Chi-Young Kim; and “Your Republic Is Calling You,” by Kim Young-ha, also translated by Chi-Young Kim, reflect the ambience of Seoul.

Persons: Samguk, Ilyon, Kumo, Kim Sisup, Hong Gildong, ”, Minsoo Kang, Gildong, Heo Gyun, Yu Young, Stephen J, Epstein, Kim Hyesoon, Don Mee Choi, Lee Jangwook, Sun Kim, Tsering, Shim Bo, Chung Eun, Brother Anthony of Taizé, Kim Yi, Ji Yoon Lee, Johannes Göransson, Kim Min Jeong, Soeun Seo, Jake Levine, “, Ha Seong, Janet Hong, Bora Chung, Anton Hur, Sang, Hur, Choi Eunyoung, Sung Ryu, Kim Hye, Jamie Chang, Kim, Young Kim, Kim Young Organizations: Chi Locations: Ancient Korea, Korean, Wan, —, North Korea, Seoul, Noon, ”, Big City

☆ Jeremy Grantham sounds the alarm on stocks, recession, inflation, and interest rates in a new interview. Here are his 8 best quotes.
▼ + stars: | 2023-09-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Jeremy Grantham rang the alarm on inflation, interest rates, markets, and the economy. We're now in an era that will average higher rates than we had for the last 10 years." "I suspect inflation will never be as low as it averaged for the last 10 years, that we have re-entered a period of moderately higher inflation, and therefore moderately higher interest rates." The power of interest rates rising and depressing the real estate market — very negative, slow-moving influence. When we sit here discussing the stock market, we're a little like Emperor Nero fiddling while Rome burns."

Persons: Jeremy Grantham, Grantham, David Rubenstein, We're, —, Nero Organizations: Service, Bloomberg Locations: Wall, Silicon, Grantham

☆ Singapore’s wealth boom hits most sensitive phase
▼ + stars: | 2023-09-06 | by ( Anshuman Daga | ) www.reuters.com time to read: +5 min

REUTERS/Edgar Su Acquire Licensing RightsSINGAPORE, Sept 6 (Reuters Breakingviews) - Singapore’s wealth boom may be set for a pause. The amount involved has almost doubled and banks, realtors and jewellery dealers have been caught up in the ring. It is the most eye-catching saga since 2015 when Singapore’s banks were involved in the 1MDB Malaysian sovereign fund mess. As Singapore’s success as a financial centre grows, so too does its vulnerability to dirty money. A thornier problem is Singapore’s desire to avoid perceptions it is capitalising on the troubles of China, its top trade partner.

Persons: Edgar Su, Una Galani, Katrina Hamlin, Pranav Kiran Organizations: REUTERS, Rights, Reuters, realtors, DBS, Deutsche Bank, Bloomberg, Reuters Graphics Reuters, Monetary Authority of, U.S, Police, Thomson Locations: Marina Bay, Singapore, Rights SINGAPORE, China, Malaysian, Hong Kong, Monetary Authority of Singapore

One successful friend told me to automate my finances, a strategy often recommended by experts. I didn't, and managing my money manually has been a major learning experience. However, some of the advice I received wasn't the right advice to follow, and I'm glad I didn't — especially the advice that came from a friend of mine who was on a mission to become a millionaire by age 40. Get started achieving your financial goals! I learned finances aren't one-size-fits-allA big lesson I learned in my own personal finance journey is that managing your money is not a generic process.

Persons: doesn't, Get Organizations: Service Locations: Wall, Silicon

☆ Gabon coup leader sworn in as interim president in scene of jubilation
▼ + stars: | 2023-09-04 | by ( Gerauds Wilfried Obangome | ) www.reuters.com time to read: +4 min

Gabon coup leader General Brice Oligui Nguema is sworn in as interim president during his swearing-in ceremony, in Libreville, Gabon, September 4, 2023. State TV showed images of a cheering crowd and armoured personnel carriers firing into the sea to mark the moment. PLEDGE TO RETURN POWER TO CIVILIANSNguema reiterated that his administration would organise free and fair elections, though he gave no timetable. "After this transition ... we intend to return power to civilians by organising new elections that will be free, transparent, credible and peaceful," he said. The coup had drawn cheering crowds onto the streets of the capital Libreville but condemnation from abroad.

Persons: General Brice Oligui Nguema, Gerauds Wilfried Obangome, Bongo, Ali Bongo, Nguema, Nellie Peyton, Karin Strohecker, Alessandra Prentice, Estelle Shirbon, Peter Graff, Christina Fincher Organizations: REUTERS, Central Africa LIBREVILLE, Gabon's, Central, State, Central African, United Nations, African Union, Reuters, Thomson Locations: Gabon, Libreville, West, Central, of Gabon

☆ Americans say these 3 things define wealth—none of them require making a lot of money
▼ + stars: | 2023-09-04 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The things Americans say would make them feel wealthy, however, don't necessarily come with a price tag. Wealth means enjoying experiences more than owning nice things according to 70% of Americans, Schwab found. But 70% of Americans say having enough to ease any money stress in their life is more meaningful than having more money than their peers. Once again, earning a higher salary or otherwise having access to more capital may help get rid of your money stress. "Yes, money will give you access to stability, security and resources, but with that money, you need to actually utilize the resources," Evans says.

Persons: Charles Schwab's, Schwab, it's, Aja Evans, Evans Organizations: Wealth Survey, CNBC Locations: Laurel

☆ NBA star Giannis Antetokounmpo spread his money across half a dozen bank accounts as a rookie because of the FDIC's $250,000 limit. Billionaire team owner Marc Lasry told him to invest instead.
▼ + stars: | 2023-09-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Silicon Valley Bank's implosion spotlighted the federal deposit insurance limit of $250,000. The cap led NBA star Giannis Antetokounmpo to open multiple bank accounts to protect his fortune. Billionaire investor Marc Lasry told the player to invest in US Treasuries and other assets instead. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. When Giannis Antetokounmpo first learned of the limit, he opened half a dozen bank accounts to protect his fortune.

Persons: Giannis Antetokounmpo, Marc Lasry, Antetokounmpo, Giannis, Lasry, Lionel Messi, LeBron James, Tom Brady, John Koudounis, Bill Ackman, Mark Cuban Organizations: NBA, Service, Bloomberg, Milwaukee Bucks, Bloomberg Wealth Summit, JPMorgan, Forbes, Deposit Insurance Corp, Signature Bank Locations: Wall, Silicon, Greece

☆ Gabon reopens borders three days after military coup
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

Gabonese military appear on television as they announce that they have seized power following President Ali Bongo Ondimba's re-election, in this screengrab obtained by Reuters on August 30, 2023. Gabon 1ere/Handout via REUTERS/File Photo Acquire Licensing RightsDAKAR, Sept 2 (Reuters) - Gabon reopened its borders on Saturday, an army spokesman said, three days after closing them during a military coup in which President Ali Bongo was ousted. Military officers led by General Brice Oligui Nguema seized power on Wednesday, placed Bongo under house arrest and installed Nguema as head of state, ending the Bongo family's 56-year hold on power. Coup leaders have come under international pressure to restore civilian government but said last night that they would not rush to hold elections. Bongo was elected in 2009, taking over from his late father Omar, who came to power in 1967.

Persons: Ali Bongo Ondimba's, Ali Bongo, General Brice Oligui Nguema, Bongo, Omar, Jyoti Narayan, Cooper, Edward McAllister, Tomasz Janowski, Angus MacSwan Organizations: Reuters, REUTERS, Rights, Military, Thomson Locations: Gabonese, Gabon, Handout, West, Central Africa, Guinea, Chad, Niger, Mali, Burkina Faso, Bengaluru, Dakar

Sometimes, I've made my January mortgage payment in December to deduct the interest for that year. So heading into fall, I review my budget, income, and expenditures and target areas where I can cut back. Do an insurance reviewI check all insurance policies: homeowners insurance, renters insurance, car insurance (when I owned a car), and health. This is a great time to do a comprehensive insurance review. Bonus: Plan for an extra mortgage payment and charitable contributionsIf you can, plan to make your January mortgage payment in December.

Persons: I've, it's, TransUnion —, transpire, you'll Organizations: Service Locations: Wall, Silicon

☆ Gabon coup leader will not rush to elections despite mounting pressure
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +6 min

Trucks carrying industrial equipments wait because of the closure of the border after the coup in Gabon, in the border town of Kye-Ossi, Cameroon August 31, 2023. The officers placed Bongo under house arrest and installed Nguema as head of state, ending the Bongo family's 56-year hold on power. "Going as quickly as possible does not mean organising ad hoc elections, where we will end up with the same errors," he said. Gabon's election commission said after the election that Bongo had been re-elected with 64% of the vote, while Ondo Ossa secured almost 31%. It said it will impose sanctions on the coup leaders if they do not restore constitutional order.

Persons: Danga, Nguema, Gabon's, Ali Bongo, General Brice Oligui Nguema, Bongo, Alexandra Pangha, Albert Ondo Ossa, Noureddin Bongo Valentin, Ian Ghislain Ngoulou, Bongo Valentin, Bongo's, Mohamed Bazoum, Ondo Ossa, Pangha, Wilfried Obangome, Sonia Rolley, Libby George, Juliette Jabkhiro, Edward McAllister, Anait Miridzhanian, Sofia Christensen, Frances Kerry, Peter Graff, Rosalba O'Brien Organizations: REUTERS, Monday, Military, Central Africa's, Central African, ECCAS, United Nations, African Union, BBC, Nguema, Gabon, Timothe, Ondo, Security, Thomson Locations: Gabon, Kye, Ossi, Cameroon, Monday LIBREVILLE, Libreville, Republic, France, United States, State, Guinea, Chad, Niger, Mali, Burkina Faso, Ondo

On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

☆ Explainer: What do we know about the Gabon military coup?
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +3 min

The opposition had denounced the Aug. 26 vote as fraudulent, which Bongo's campaign denied. Reuters Graphics Reuters GraphicsWHO IS ALI BONGO AND WHY WAS HE OUSTED? If successful, the Gabon coup would end the Bongo family's 56-year grip on power. It remains unclear how long the transition promised by the military would be or what exactly the officers are planning. Military officers have also seized power in Mali, Guinea, Burkina Faso and Chad, and most recently in Niger, erasing democratic gains since the 1990s.

Persons: Gerauds Wilfried Obangome, Ali Bongo's, Bongo, Noureddin Bongo Valentin, Ali Bongo, Omar Bongo, Brice Oligui Nguema, Anait, Alessandra Prentice, Mark Heinrich Our Organizations: REUTERS, Military, Central African, Gabonese, Reuters Graphics Reuters, WHO, ALI, Monde, Thomson Locations: Libreville, Gabon, GABON, autocrats, Morocco, West, Central Africa, Mali, Guinea, Burkina Faso, Chad, Niger, Gabonese

Keeping too much in your checking account isn't ideal, for two reasons: First, such easy access means you might be tempted to spend it. Keeping too much in your checking account could mean that you're leaving money — even a little — on the table. After this account is built, it can be tempting to leave any spare cash in your checking account. If your checking account is growing while your IRA, 401(k), or savings account remains stagnant, you're probably keeping too much money in checking. You're worried you're missing out on moneyThe average checking account has an interest rate of 0.07%, according to the FDIC.

Persons: —, Marci Bair, it's, Bair, You've, I've Organizations: Service, Bair Financial Locations: Wall, Silicon, Bair, San Diego , California

☆ Here are Tuesday's biggest analyst calls: Nvidia, Amazon, Oracle, AT&T, Disney, Microsoft and more
▼ + stars: | 2023-08-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Morgan Stanley downgrades Farfetch to equal weight from overweight Morgan Stanley said it sees limited catalysts ahead for the stock. UBS upgrades Oracle to buy from neutral UBS said Oracle has upside potential. Wells Fargo upgrades Rockwell Automation to equal weight from underweight Wells Fargo upgraded the stock mainly on valuation. UBS reiterates Microsoft as buy UBS said supply chain constraints are manageable for Microsoft. Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said Nvidia's blowout earnings report last week is positive for the AI supply chain. "

Persons: Fargo, Goldman Sachs, Wells Fargo, Goldman, DA Davidson, Davidson, Morgan Stanley downgrades Farfetch, Morgan Stanley, Wells, Bernstein, Airbnb, Palantir, Splunk, Jefferies, Raymond James Organizations: Federal Trade Commission, Amazon, UBS, Oracle, Nvidia, Citi, Verizon, AT, VZ, JPMorgan, Pace, Business, Rockwell Automation, Disney, Microsoft, Bank of America, Jefferies, Holdings, underperform Bank of America, China, NVIDIA, Energy Partners, NextEra Energy Partners Locations: China and Hong Kong, HK, Asia

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