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Nerad + Deppe Wealth Management's Steve Deppe found 12 other examples since 1950 when the S & P 500 ended October with a six-month trailing return above 10%. The six-month trailing return on the S & P 500 is currently north of 15%. On average, the S & P 500 gained 7.4% in November and December in all those other instances. "In 2024, it's very easy to want to take the money and run," Deppe told CNBC Pro from his office in La Jolla, California. .SPX YTD mountain The S & P 500, year to date Deppe currently expects the S & P 500 will finish 2024 above 6,000.
Persons: Steve Deppe, Harry Truman, Deppe, We've, we've Organizations: Federal Reserve, CNBC Pro Locations: La Jolla , California
Harvard donations are down following a year of campus turmoil. AdvertisementHarvard saw a dip in donations in the most recent fiscal year amid a wave of big-name backers pulling their financial support after fallout from the university's response to the Israel-Hamas war. In fiscal year 2024, which ended June 30, the Ivy League institution brought in just under $1.2 billion in cash gifts, according to a Harvard financial report released Thursday. Some wealthy alumni publicly vowed to suspend donations to Harvard following the university's bungled response to the campus unrest that spread across higher education institutions nationwide last year. Earlier this month, Garber hinted at the coming downturn in donations, telling the university's student newspaper, The Harvard Crimson, that the year's commitments were "disappointing" compared to prior years.
Persons: , Alan Garber, Garber, Ritu Kalra, Kalru, Karlu, Claudine Gay Organizations: Service, Harvard, Ivy League, University, Business, Harvard Crimson, Bloomberg Locations: Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe death of Yahya Sinwar is a 'big achievement for Israel': Nimrod GorenNimrod Goren, senior fellow for Israeli affairs at the Middle East Institute, discusses the killing of Hamas leader Yahya Sinwar, the architect of last year’s Oct. 7 attack.
Persons: Yahya Sinwar, Israel, Nimrod Goren Nimrod Goren Organizations: Middle East Institute
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsraeli PM Netanyahu's place in history will be determined by what comes next, says Richard HaassRichard Haass, Council on Foreign Relations president emeritus and Centerview Partners senior counselor, joins 'Squawk Box' to discuss the death of Hamas leader Yahya Sinwar, impact on the Israel-Hamas war, state of Middle East conflict, and more.
Persons: Richard Haass Richard Haass, Yahya Sinwar Organizations: Foreign, Centerview Partners Locations: Israel, Middle
At 19%, Asia Pacific had the largest revenue growth rate of all regions this quarter. Local content strategy and investment in original content is boosting Netflix's competitive edge. Company executives and industry experts say growth in Asia had a role to play as well. Revenue growth in North America and Europe, Middle East, and Africa was tied at 16% each. 'Persistence in Asia'Some industry experts who reacted to Netflix's earnings also pointed to its local content creation strategy.
Persons: , You've, Gregory Peters, Ben Silverman, Silverman, It's, Dan Da Dan Organizations: Netflix, Service, Company, Asia, CNBC, Media Partners Locations: Asia Pacific, Asia, Japan, Korea, Thailand, India, North America, Europe, Middle East, Africa
After a yearlong manhunt, including help from U.S. intelligence agencies, Israeli troops stumbled upon him during a routine patrol, Israeli officials said. Yahya Sinwar in Gaza city on Oct. 18, 2017. Now a cease-fire, the return of hostages and even the withdrawal of Israel Defense Forces from Gaza could be within reach, former officials said. One of the hostages Hamas took on Oct. 7 was an 85-year-old peace activist, Yocheved Lifshitz, who was later released. She told to the Israeli newspaper Davar about encountering Sinwar in the maze of tunnels under Gaza.
Persons: Yahya Sinwar, Benjamin Netanyahu, , , Bruce Riedel, ” Sinwar, Atia Darwish, Sinwar, Biden, ” Dennis Ross, Ross, they’re, Antony Blinken, ” “, Blinken, Matthew Miller, Aaron David Miller, Netanyahu, Sinwar’s, Burcu Ozcelik, Israel, Ghaith Al, Yocheved Lifshitz Organizations: Israel, Hamas, CIA, Biden, Washington Institute for Near, Israel Defense Forces, Gaza, United Arab, State, Carnegie Endowment, International, Royal United Services Institute, Lebanese, Hezbollah Locations: Gaza, Israel, Iran, U.S, Lebanon, United States, United Arab Emirates, London, Palestinian, Hamas, Qatar
BERLIN — President Joe Biden is leaving Washington for Germany on Thursday morning in what will be one of the last opportunities to outline his vision for foreign policy before the election next month. After landing in Berlin, Biden will be greeted with full military honors Friday before receiving the country's highest Order of Merit from President Frank-Walter Steinmeier, his office said. After years of refusing U.S. prodding to trade the Russian, Biden and Vice President Kamala Harris separately convinced Scholz earlier this year. On Wednesday, Biden announced a $425 million aid package for Ukraine that includes air-to-ground munitions and armored vehicles, and promised more defense systems and supplies in the months to come. The White House said Biden will now travel to Angola in early December.
Persons: Joe Biden, Biden, Frank, Walter Steinmeier, , Olaf Scholz, Scholz, Evan Gershkovich, Marine Paul Whelan, Kamala Harris, Hurricane Milton Organizations: BERLIN, Merit, Marine, White, Ukraine, Russia, Wednesday Locations: Washington, Germany, Berlin, U.S, Russia, Russian, France, Britain, Ukraine, Angola, Hurricane
Left to right: Liam Payne, Louis Tomlinson, Harry Styles, Zane Malik and Niall Horan of 'One Direction' during the X Factor press conference in London in 2010. Called 1D by their fans, they became a global phenomenon as the first group to have its first four albums debut at No. Payne released his first solo album in 2019 titled “LP1.” Last year, he announced plans for a new album and tour that were later postponed after Payne suffered a kidney infection. Last spring, Payne released the song “Teardrops.”“I always think in pictures as much as I think in sounds when I’m making music,” Payne said in a video of him recording the song. “The feelings that these chords and different things give me, everyone of these songs is a story from my life.”
Persons: Liam Payne, Louis Tomlinson, Harry Styles, Zane Malik, Niall Horan, Ian Gavan, Simon Cowell, Payne, Zayn Malik, Niall Horan –, Cowell, ” Payne, , , ” Malik, Cheryl Cole, Bear, ” “ Organizations: Factor, Getty, YouTube Locations: London, British
• The US launched airstrikes against the Houthis in Yemen, targeting five underground weapons storage facilities. It’s the first time the US has used B-2 stealth bombers to attack the Iran-backed militant group since tensions spiked in the Middle East a year ago. • Israeli forces fired at a UN peacekeeping position in southern Lebanon, damaging a watchtower, according to the UN. The UN has said the Israeli military has fired on its peacekeepers multiple times, forcibly entered a base, stopped a logistical movement and injured more than a dozen troops in Lebanon in recent weeks. • About 400,000 children are among the 1.2 million displaced people due to Israel’s war against Hezbollah in Lebanon, UNICEF said.
Persons: Organizations: US, UN, Hezbollah, UNICEF Locations: Yemen, Iran, East, Lebanon, Gaza
“I think it would be a big mistake to underestimate the president,” Scholz told PBS ahead of NATO’s 50th anniversary summit in Washington. Biden has instead opted for “minilateralism,” what foreign policy experts have come to term his strategy for dealing with smaller coalitions of like-minded nations. “Ironically, it is precisely Biden’s caution that has encouraged continued Russian, Chinese, North Korean, and Iranian misbehavior,” Kempe writes. According to Pew Research Center polling on views of Biden across 34 countries, 63% of German respondents expressed confidence in Biden. In Poland – another country where aides have considered having Biden visit to tout Ukraine support – 70% of respondents express confidence in Biden.
Persons: Joe Biden’s, he’s, Olaf Scholz, Scholz, , ” Scholz, Biden, Frank, Walter Steinmeier, Hurricane Milton, Volodymyr Zelensky, Fred Kempe, Biden didn’t, ” Kempe, Biden’s, , Richard Wike, Trump, Ukraine that’s, Zelensky, Barack Obama, Alexis Tsipras, Obama, ’ ” Obama Organizations: CNN, American, Hurricane, Biden, Russia, China, Atlantic Council, Pew Research, , Global, Research, Trump, Greek Locations: Russia, Ukraine, NATO’s, Washington, Berlin, France, Germany, Israel, United Kingdom, Ukrainian, East, Iran, United States, Africa, Asia, North Korean, Poland, Kenya, Philippines, Greece, Athens
The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.
Persons: , Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia
The strikes targeted Houthi weapons storage facilities, according to the Pentagon. US B-2 bombers were part of the operation, marking their first known involvement in the Houthi conflict. AdvertisementThe US military hit Houthi targets in Yemen with multiple "precision strikes," the Pentagon announced late Wednesday evening. The strikes on Wednesday — early Thursday local time — mark the latest US bombardment of Houthi targets in Yemen. American forces targeted the rebels earlier this month.
Persons: , Defense Lloyd Austin, Austin Organizations: Pentagon, Service, Defense, Navy, US Air Force, of Defense, US Central Command, US Locations: Yemen, Iran, United States, Gulf of Aden, Israel
The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. "When we look into the challenges ahead of us, the biggest one is low growth, high debt. "It is successful major economies that have done really well … and there are pockets in the world where inflation is still a problem," she said. Georgieva warned that international trade would no longer be the "engine of growth" it once was, highlighting the proliferation of restrictive policies among many economies. Earlier on Thursday, Georgieva also pointed to wider geopolitical tensions as one of the key risks to global financial stability.
Persons: Kristalina Georgieva, Karen Tso, Georgieva, Ukraine — Organizations: International Monetary Fund, IMF, CNBC, Washington DC, World Bank Group, European Union, Ukraine Locations: Washington, U.S, China, United States
It used B-2 stealth bombers to target the underground sites. AdvertisementThe US on Wednesday targeted underground Houthi militia weapons stores in Yemen using long-range B-2 stealth bombers, damaging the group's capacity to attack international shipping lanes. AdvertisementIsrael is still mulling how to respond to Iran's attack, with some, including former Prime Minister Naftali Bennet, advocating for strikes on nuclear sites. The Washington Post on Monday reported that Israel's Prime Minister Benjamin Netanyahu told US President Joe Biden Israel wouldn't target Iran's oil or nuclear facilities. On Thursday, Brent crude futures were down 4 cents to $74.18 as investors waited to hear about developments in the Middle East.
Persons: , Lloyd Austin, Austin, Naftali Bennet, Austin's, they'll, Benjamin Netanyahu, Joe Biden Israel, Brent Organizations: US, Service, US Air Force, Hamas, Israel, Washington Post, Israel's, Brent Locations: Yemen, Iran, United States, Israel, Gaza, Red, Gulf
The Israeli military said Thursday it killed Hamas' leader, Yahya Sinwar, in an operation in Gaza. AdvertisementThe Israeli military said Thursday that it killed Hamas' leader, Yahya Sinwar, during an operation in Gaza, eliminating the architect of the October 7, 2023, massacre. The Israel Defense Forces released a statement confirming that soldiers from its 828th Brigade killed Sinwar in southern Gaza on Wednesday. But despite months of intense Israeli air and ground operations that have leveled much of Gaza, Sinwar managed to remain elusive. Related storiesIsrael's devastating Gaza war has left over 40,000 Palestinians dead — most of them civilians, per local assessments.
Persons: Yahya Sinwar, , Sinwar, Yahya, Yoav Gallant, Danny Danon, Avi Melamed, Ismail Haniyeh, Israel, Hassan Nasrallah Organizations: Service, Israel Defense Forces, 828th Brigade, IDF, ISA, Israeli, United Nations Locations: Gaza, Israel, Lebanon, Iran
Payne, 31, had died earlier in the day after falling from the third floor of the hotel, according to a statement from Buenos Aires police. In death, Payne was afforded privacy he was rarely given in life. Fans place candles outside the hotel where Liam Payne, former One Direction member, was found dead, in Buenos Aires, Argentina, on Wednesday. I can not believe he is gone.”Louis Tomlinson, Liam Payne, Harry Styles, Zayn Malik and Niall Horan of One Direction in 2012. He was also seen attending his former bandmate Horan’s concert in Buenos Aires on October 2, according to videos posted on social media from the show.
Persons: Liam Payne, Pablo Policicchio, Payne “, van, Payne, Agustin Marcarian, Simon Cowell, Harry Styles, Zayn Malik, Louis Tomlinson, Niall Horan –, Cowell, ” Payne, , , ” Malik, Charlie Puth, Zedd, ” Puth, “ Liam, ” Louis Tomlinson, Niall Horan, Theo Wargo, Horan’s, ” “ Organizations: CNN, Buenos Aires Security Ministry, Associated Press, ” Police, YouTube Locations: Buenos Aires, Payne, Argentina
Oil inches up after surprise drop in U.S. crude stockpiles
  + stars: | 2024-10-17 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. It's coming, we know that but we don't know when," Sycamore said, adding that both factors bring upside risks for crude oil. In the U.S., crude oil and fuel stocks fell last week, market sources said, citing American Petroleum Institute figures on Wednesday, against expectations of a build-up in crude stockpiles. Crude stocks fell by 1.58 million barrels in the week ended Oct. 11, the sources said on condition of anonymity. Gasoline inventories fell by 5.93 million barrels, and distillate stocks fell by 2.67 million barrels, they said.
Persons: Tony Sycamore, Sycamore Organizations: Brent, U.S, West Texas, Organization of, Petroleum, International Energy Agency, China NPC, IG, Investors, American Petroleum Institute, Reuters, Energy Information Administration, U.S . Department of Energy, European Central Bank Locations: Almetyevsk, Tatarstan, Russia, Israel, Iran, China, Sydney, Beijing, U.S
The Israeli military said it killed Hamas leader Yahya Sinwar during an operation in Gaza. AdvertisementThe Israeli military said Thursday that it killed Hamas leader Yahya Sinwar during an operation in Gaza, eliminating the architect of the massacre that Hamas executed on October 7, 2023. The Israeli military said in a statement that soldiers from its Southern Command killed Sinwar on Wednesday. But despite months of intense Israeli air and ground operations that have leveled much of Gaza, Sinwar managed to remain elusive. AdvertisementThe 62-year-old Sinwar had been the leader of Hamas in Gaza since 2017 and the leader of its political wing following the July assassination of Ismail Haniyeh.
Persons: Yahya Sinwar, Sinwar, , Yoav Gallant, Ismail Haniyeh, Israel, Hassan Nasrallah Organizations: Service, Southern Command, Israel Defense Forces, Israeli, IDF Locations: Gaza, Israel, Lebanon, Iran
How to strike a hostage and ceasefire deal, and with whom, is now a matter of uncertainty for American officials, who spent the hours after Sinwar’s death trying to determine if he had a successor. But US officials stopped short of saying Thursday that his death will result in a deal overnight. For long stretches, American officials couldn’t even say definitively whether he was alive or dead. “By all accounts, Sinwar has been the biggest obstacle within Hamas to a ceasefire-hostage release deal in Gaza. Depending on who would take his place, Sinwar’s death could revive hope for an agreement to end the war.
Persons: Yahya Sinwar, Antony Blinken, Hamas —, , Biden, Joe Biden’s, Kamala Harris ’, Harris, Netanyahu, Benjamin Netanyahu, Sinwar, , Jonathan Panikoff, ” Panikoff, Aaron David Miller, Miller, ’ ” Sinwar, couldn’t, Andrew Miller, ” Biden, Lloyd Austin Organizations: CNN, Hamas, US, Sinwar, State Department, , Michigan Locations: Gaza, Israel, Sinwar, fatalistic, Palestinian, Lebanon
Crude oil futures rose slightly Thursday after a four-day losing streak as fears of a supply disruption in the Middle East eased and a surplus looms over the market next year. Here are Thursday's energy prices:Israel has reportedly told the U.S. that it will refrain from hitting Iran's oil facilities in retaliation for the Islamic Republic's Oct. 1 ballistic missile attack. The oil market sold off steeply Tuesday on reports that Israel will limit its strike to military targets in Iran. An attack on oil facilities, however, could disrupt 1.4 million bpd of Iran's production, Saraswat said. A full-blown war could lead to Iran choking the Strait of Hormuz, jeopardizing 12 million bpd of oil and "driving up prices sharply," the analyst said.
Persons: Aditya Saraswat, Saraswat Organizations: Rystad Energy Locations: Israel, retaliating, Iran, East, Hormuz, jeopardizing
The price of oil could hit $120 a barrel by early 2025, according to Citi. AdvertisementOil prices could soar more than 60% by early next year if conflict in the Middle East continues to escalate, according to Citi. The bank said oil prices could go as high as $120 per barrel in the first quarter of 2025, implying a 62% increase. The forecast is Citi's bull case for oil, which hinges on conflict in the Middle East escalating and sparking disruptions to supply. Oil prices could fall as much as 33%, Saudi Arabia's oil minister said in a recent conference call, adding that he believed OPEC+ producers were pumping too much oil.
Persons: , Israel, Eric Lee, Lee, we're Organizations: Citi, Service, Brent, Yahoo Finance, United Arab Locations: Israel, Iran, Russia, Ukraine, Saudi Arabia, United Arab Emirates, OPEC, East, Saudi
The Biden administration threatens to restrict military assistance to Israel over conditions in Gaza. The arrest of a deaf Black man with cerebral palsy in Arizona draws national attention. Harris also tried to belittle Trump, which could be an attempt to chip away at his appeal among male voters. She has ramped up efforts this week to appeal to Black male voters in particular. ➡️ “While Biden isn’t on the ballot anymore, voters are certainly feeling his presence,” NBC News chief political analyst Chuck Todd writes.
Persons: Biden, Omar Al, Yaov Gallant, Ron Dermer, Antony Blinken, Lloyd Austin, Israel, ” Harris, Trump, , Kamala Harris, Donald Trump, Vladimir Putin, Charlamagne Tha, Harris, , Putin, Bob Woodward, belittle Trump, Read, ➡️ Trump, Michelle Obama, Hakeem Jeffries, Republican Sen, Ted Cruz, Colin Allred, ➡️ “, Chuck Todd, ➡️ Harris, Tyron McAlpin, McAlpin, Rachel Mitchell, , Menendez, Hurricane, Adriana Lima, Tyra Banks, Kate Moss, Khaled Desouki, Ramesses the, — Nick Duffy, Elizabeth Robinson Organizations: Biden, Getty, Israeli Defense, Strategic, U.S . State Department, Department, Americans, Trump, Fox, ➡️, Democratic, Republican, U.S, NBC, Phoenix, Phoenix Police Department, Kroger Locations: Israel, Gaza, Arizona, AFP, U.S, Iran, Lebanon, Georgia, , Texas, Oklahoma, Maricopa County, Los Angeles, Asheville, Nashville, Egypt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's been little effective effort to weaken Iran's influence in the Middle East: CSIS' Seth JonesSeth Jones, Center for Strategic and International Studies defense and security president, joins 'Squawk Box' to discuss the state of Middle East conflict, Iran's influence in the region, what to expect from Israel's retaliatory strike against Iran, and more.
Persons: Seth Jones Seth Jones Organizations: Center for Strategic, International Studies, Iran Locations: Middle
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil can go back to the low 70's with de-escalation in the Middle East, says strategistAldo Spanjer, senior commodities desk strategist at BNP Paribas Markets 360, discusses oil prices amid conflict in the Middle East and weakening demand from China.
Persons: Aldo Spanjer Organizations: BNP Locations: China
We're watching U.S. chip exports closely, SambaNova CEO says
  + stars: | 2024-10-16 | 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 EmailWe're watching U.S. chip exports closely, SambaNova CEO saysRodrigo Liang, CEO and co-founder of AI-focused chipmaker SambaNova Systems, discusses reports of incoming U.S. restrictions on chip exports to the Middle East and how that might impact his company.
Persons: Rodrigo Liang Organizations: Systems
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