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Check out the companies making the biggest moves before the bell:Bank of America — Bank of America added 0.4% in the premarket after beating top and bottom line estimates for the second quarter. Bank of N.Y. Mellon — The bank reported better-than-expected profit and revenue for the second quarter. However, the stock fell more than 1%PNC Financial — PNC shares fell 2.7% in the premarket after posting lower-than-expected quarterly revenue, even as earnings beat forecasts. Novartis — Novartis jumped 2.9% in premarket action after the drug maker raised its full-year outlook on strong pharmaceutical sales. Norwegian Cruise Line — The cruise line operator's stock slid 1.8% in premarket action after Truist downgraded the stock to a hold from a buy.
Persons: Masimo — Masimo, Pinterest — Pinterest, Evercore, Truist Organizations: of America — Bank of America, Bank, N.Y, Mellon, PNC Financial, PNC, Verizon, Novartis, Sandoz, Evercore ISI, Norwegian Cruise Locations: San Francisco ., BofA, Norwegian
Telecom stocks fell 0.95%, while health-care and financial services both nudged around 0.2% higher. British grocery delivery firm Ocado was among the top gainers, up 7.5% as it reported a swing to underlying profit in first-half results, though a wider group loss before tax. Regarding recent speculation of takeover interest from Amazon, Reuters quoted CEO Tim Steiner as saying: "Speculation is speculation, I have nothing to say." Swiss health-care firm Novartis raised its full-year earnings guidance as it reported sharply higher operating income. China missed gross domestic product estimates Monday, weighing on global stocks, while European luxury declined after Richemont reported a slowdown in U.S. demand.
Persons: Ocado, Tim Steiner, Morgan Stanley, Lockheed Martin, J.B, Richemont Organizations: Telecom, Reuters, Novartis, Sandoz, Bank of America, Bank of New York Mellon, PNC Financial, Lockheed, Federal Reserve, Bank of England Locations: Amazon, Swiss, Bank, Hunt ., China, Asia, Pacific
Morning Bid: Retail, housing and banks test jaunty July
  + stars: | 2023-07-18 | by ( ) www.reuters.com   time to read: +3 min
A look at the day ahead in U.S. and global markets from Mike DolanThe benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while the corporate earnings season kicks back into gear with another sweep of bank reports. Consensus forecasts are for a modest rise in retail sales and industrial output last month, while the NAHB homebuilder index is expected to have ticked higher in July to underline the recent housing market recovery more broadly. U.S. stock futures were flat going into the open and 10-year Treasury yields ticked down to their lowest level of the month so far. Crude oil prices tried to find their footing after Monday's sharp drop and continue to sustain year-on-year losses of more than 25%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Mike Dolan, Wall, HSI, Evergrande, Goldman Sachs, Janet Yellen, Morgan Stanley, Lockheed Martin, Charles Schwab, JB Hunt, Michael Barr, Christina Fincher Organizations: New York Federal, Bank of America, Bank of New, Mellon, Novartis, Sandoz, Bank of New York Mellon, Lockheed, PNC Financial, Synchrony, JB, Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Hong Kong, Treasuries, Canada
Morgan Stanley — Shares of the James Gorman-led bank jumped more than 6% after the firm posted second-quarter earnings and revenue that topped analysts' expectations. Bank of America – Bank of America shares rose nearly 4% after the company reported second-quarter financial results. Bank of New York Mellon — Shares rose more than 4% after Bank of New York Mellon reported second-quarter revenue and profit that beat Wall Street's expectations. PNC Financial — Shares gained 2.6% after PNC Financial reported second-quarter earnings that topped Wall Street's earnings expectations but came in slightly short on revenue. The Swiss pharmaceutical firm reported second-quarter earnings that topped estimates, according to StreetAccount.
Persons: Charles Schwab, Morgan Stanley —, James Gorman, Morgan Stanley's, Refinitiv, PacWest, Bernstein, UnitedHealth, Pinterest, intraday, Masimo preannounced, Stifel, Lockheed Martin, Macheel, Sarah Min, Yun Li, Alex Harring, Michelle Fox Organizations: Bank of America – Bank of America, Regional Banking, Western Alliance, FB Financial, Verizon, AT, Bank of New York Mellon, PNC, PNC Financial, Novartis — U.S, Novartis, Sandoz, Masimo, Lockheed Locations: San Francisco , California, Swiss, FactSet
For markets, BoE communication is bottom of the class
  + stars: | 2023-07-17 | by ( Yoruk Bahceli | ) www.reuters.com   time to read: +6 min
U.S. Federal Reserve and European Central Bank expectations have meanwhile risen only marginally. For investors, clear communication from central bankers is crucial as they transmit their policy to borrowing costs through markets. The BoE was the first major central bank to start hiking rates. In contrast, they have long bet on more hikes than the BoE's main forecasts have implied are needed to tame inflation, rates futures show. BoE messaging, suggesting a reluctance to hike, has made it "very difficult" to own gilts recently, he said.
Persons: BoE, Toby Melville, Shamik Dhar, Andrew Bailey, Bailey, Schroders, Azad Zangana, Zangana, Liz Truss, Myles Bradshaw, Chris Jeffery, Jerome, Powell, Christine, Lagarde, it's, Craig, Yoruk, Dhara Ranasinghe, William Schomberg, John Stonestreet Organizations: Bank of England, REUTERS, Fed, ECB, of England, Traders, . Federal Reserve, European Central Bank, BNY Mellon Investment Management, Bank of England's, Investors, Graphics, of England's, Reuters, Asset Management, Thomson Locations: London, Britain, U.S, Dhar
Stock futures were little changed in overnight trading as Wall Street looked ahead to a busy earnings day. Futures tied to the Dow Jones Industrial Average dipped 21 points, or 0.06%, while S&P 500 futures and Nasdaq-100 futures slipped 0.1% and 0.13%, respectively. The action followed a downgrade from Citi on the heels of an investigation by The Wall Street Journal that linked the telecom company to toxic lead cable use. Wall Street awaits a packed earnings day Tuesday, with results on deck from Bank of America , Morgan Stanley , Bank of New York Mellon and PNC Financial . "You wouldn't have those negative leading indicators, and even some of the concurrent indicators, if we were in a sweet spot."
Persons: Stocks, Morgan Stanley, Lockheed Martin, J.B, Hunt, SoFi's Liz Young Organizations: Dow Jones, Nasdaq, Citi, Wall Street, Bank of America, Bank of New York Mellon, PNC Financial, Lockheed Locations: Bank
"We are initiating coverage with an ONON with an Outperform rating and $38 price target. Citi opens a positive catalyst watch on Valvoline Citi opened a positive catalyst watch on Valvoline and says it has robust fundamentals. "We open a 30-day upside catalyst watch based on strong fundamentals and the stock's relative under-performance post completion of the Dutch tender offer on 6/8." Citi opens a positive catalyst watch on Bank of New York Mellon Citi opened a positive catalyst watch on the investment bank ahead of earnings Tuesday. Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on Apple to $220 from $190 and says India is the company's "next frontier."
Persons: TD Cowen, Cowen, Goldman Sachs, it's, Wells, Tesla, Wells Fargo, Morgan Stanley, Apple, Morgan Stanley downgrades Conagra, Morgan Stanley downgrades Pepsi, Raymond James downgrades, Raymond James, Bernstein, Aramark, Oppenheimer Organizations: Citi downgrades AT, Citi, Valvoline Citi, Bank of New York Mellon Citi, BK, Nvidia, Deutsche Bank, Netflix, Baidu, Apple, Pepsi, Barclays, LT, JPMorgan, Bank of America, Zynga, NXP Semiconductors, Intel Citi, Intel, AMD, Meta, Suisse, Arista Networks, ISI Locations: eCommerce, China, India, Apple India
A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois
Four lawyers to the wealthy told Insider how these spendthrift trusts work. How spendthrift trusts workSpendthrift trusts can be used to defend an heir in virtually any kind of legal dispute. Robert Strauss, partner at Weinstock Manion, does not view spendthrift trusts as a substitute for prenups. Having separate beneficiaries and trustees is just one way to strengthen a spendthrift trust's power. Domestic asset protection trusts set up in a trust-friendly state like Delaware are very secure, he said.
Persons: Laurene Powell Jobs, Phil Knight, Karen Yates, didn't, Jere Doyle, Doyle, Spendthrift, Yates, Robert Strauss, Weinstock Manion, Strauss, Cindy Brittain, Karlin & Peebles Organizations: Apple, Nike, Mellon Wealth Management, Karlin & Locations: California, South Dakota, Delaware
Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.
Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton
Lola Tung was taking classes as a first-year acting student at Carnegie Mellon University, in Pittsburgh, when she heard the news. She had just been selected to play the lead in a new Amazon series called “The Summer I Turned Pretty,” based on the best-selling young adult novel by Jenny Han. “I was just in shock because I didn’t expect this,” Tung, 20, a New York City native, said in a video interview last month. The romantic tension captivated teen and young-adult viewers when the series debuted in 2022 and helped turn the show into a social media sensation. The hashtag #TheSummerITurnedPretty has accumulated millions of views on TikTok as users post fawning videos in support of “Team Conrad” or “Team Jere.”
Persons: Lola Tung, Jenny Han, , ” Tung, Tung, Isabel Conklin, , Conrad, Christopher Briney, Jeremiah, Gavin Casalegno, Conrad ”, Jere, Organizations: Carnegie Mellon University, Locations: Pittsburgh, New York City, Wilmington, N.C
General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, March 2, 2023. Soon after the derailment of a Norfolk Southern train in East Palestine, Ohio, a team of researchers began roving the small town in a Nissan van. Longer-term exposure to concentrations of acrolein at the detected levels may be a health concern, the researchers wrote. Low levels of exposure to acrolein are associated with slow breathing and burning in the nose and the throat. The levels of vinyl chloride that were detected, meanwhile, were below the Environmental Protection Agency's threshold for long-term risks.
Persons: Albert Presto, acrolein Organizations: Norfolk, Carnegie Mellon, Texas, Science, Technology Locations: East Palestine , Ohio, Norfolk Southern, Nissan
CNN —Leslie Van Houten, a former Charles Manson follower and convicted murderer, was released from a California prison on Tuesday, a prison spokesperson told CNN. Van Houten was released to parole supervision, California Department of Corrections and Rehabilitation spokesperson Mary Xjimenez said. Van Houten will have a three-year maximum parole term with a parole discharge review occurring after one year, Xjimenez said. In 1994, Van Houten described her part in the killings in a prison interview with CNN’s Larry King. “I went in and Mrs. LaBianca was laying on the floor and I stabbed her,” said Van Houten, who was 19 at the time of the murders.
Persons: Leslie Van Houten, Charles Manson, Van Houten, Mary Xjimenez, Xjimenez, Manson, , Leno LaBianca, Rosemary, Gavin Newsom’s, Van, Newsom, Van Houten’s, Erin Mellon, , ” Melton, Jay Sebring, Governor Newsom, ” Sebring’s, Anthony DiMaria, CNN’s Laura Coates, ” DiMaria, rampages, Nancy Tetreault, CNN’s John Berman, that’s, ” Tetreault, Berman, she’s, Tetreault, , Jerry Brown, Gavin Newsom, CNN’s Larry King, LaBianca Organizations: CNN, California Department of Corrections, Rehabilitation, California Gov, California Supreme, Gov Locations: California, Los Angeles, Van Houten, United States
[1/2] Leslie Van Houten listens during her parole hearing in Corona, California, June 28, 2002. In May a California appeals court overruled Newsom and found Van Houten, 73, was entitled to parole from her life sentence. The governor could have appealed the decision to the California Supreme Court. Van Houten was 19 when the murders were committed, making her the youngest of Manson's devotees. Van Houten was convicted of fatally stabbing grocery owner Leno LaBianca and his wife, Rosemary, in their Los Angeles home on Aug. 10, 1969.
Persons: Leslie Van Houten, Van Houten, sprees, Read, Gavin Newsom, Charles Manson's, Newsom, Erin Mellon, Van Houten's, Nancy Tetreault, Jerry Brown, Manson, Sharon Tate, Leno LaBianca, Rosemary, Tate, Roman Polanski, Abigail Folger, hairstylist Jay Sebring, Daniel Trotta, Kim Coghill Organizations: California Supreme, NBC News, Thomson Locations: Corona , California, California, Los Angeles, Angeles, Europe, Carlsbad , California
Job gains remain robust, wage growth is still going strong, and unemployment continues to hover near historic lows. That means the job market is still fueling demand in the economy, which the Fed has been trying to slow through rate hikes. Assessing the labor marketThe Fed wants to see the labor market slow down broadly, bringing it into “better balance,” as Powell has frequently described it. And there has been some progress on bringing the job market back into better balance while inflation has come down. “The focus is on the path of wage inflation because of its pass-through to services inflation,” said Sonia Meskin, head of US Macro at BNY Mellon IM.
Persons: Austan Goolsbee, , , Lorie Logan, John Williams, Jerome Powell, Powell, Dave Gilbertson, Powell homed, Goolsbee, Gilbertson, Sonia Meskin, Joe Biden’s Organizations: DC CNN, Federal Reserve, Federal Reserve Bank of Chicago, Fed, Federal Reserve Bank, Dallas, Central Bank Research Association, ” Fed, New, , CNN, Labor, CNBC, BNY Mellon, Commerce Department Locations: Washington, New York, April’s
These moves will likely help propel the S & P 500 dividend payouts to another record in 2023. S & P 500 dividends: 2023 on track for another record year Q2 2023: $143.2 billion Q1 2023: $146.8 billion Q4 2022: $146.1 billion Q3 2022: $140.3 billion Q2 2022: $140.6 billion Source: S & P Global That averages out to a 1.7% dividend yield, and it follows a record year for both dividends and buybacks in 2022. Who pays dividends? The rest of 2023 could be tougher for dividends While dividends are growing, the pace of growth is slower than recent years. Dividends: Still growing but at a slower pace (Average increase in S & P 500 dividends, year over year) Q2 2023: up 1.9% Q1 2023: up 6.7% 2022: up 10.4% 2021: up 5.8% What's the issue? Why you should care about dividends Dividends are a critical part of the long-term profits associated with owning stocks.
Persons: Goldman Sachs, Wells, Morgan Stanley —, Howard Silverblatt, Dow, Silverblatt Organizations: Citigroup, PNC, Bank of New York Mellon, JPMorgan, Dow Jones, Companies Locations: Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFallen angels are rising stars, investment specialist highlights opportunity in junk bondsPaul Benson from BNY Mellon Investment Management explains why he thinks investors should be diversifying their portfolios and considering fallen angel bonds.
Persons: Paul Benson Organizations: BNY Mellon Investment Management
Given the personnel involved, “Illinois,” which will move to the Chicago Shakespeare Theater in January, would seem to have the makings of a popular hit. But for Gideon Lester, the Fisher Center’s artistic director and chief executive, it furthers the same exploratory mission as everything else the center does. “All of these projects are research, which is why they belong in a college,” he said. But the Fisher Center, nestled in a college long known as a bastion of the humanities, is making big plans. In October, it will break ground on a $42 million studio building designed by Maya Lin.
Persons: Gideon Lester, Fisher, , Maya Lin, Tania El Khoury Organizations: Chicago Shakespeare Theater, Fisher, Mellon Foundation, for Human Rights, Arts Locations: Illinois, Hudson
Harvard Admit rate: 4% 10k students Duke University Admit rate: 6% 7k students Amherst College Admit rate: 9% 2k students Carnegie Mellon University Admit rate: 14% 7k students University of California, Berkeley Admit rate: 14% 30k students Boston University Admit rate: 19% 20k students University of North Carolina, Chapel Hill Admit rate: 20% 20k students University of Texas, Austin Admit rate: 29% 40k students University of Florida Admit rate: 30% 30k students Bucknell University Admit rate: 35% 4k students San Diego State University Admit rate: 38% 30k students Binghamton University Admit rate: 44% 10k students University of California, Davis Admit rate: 49% 30k students Clemson University Admit rate: 49% 20k students Stevens Institute of Technology Admit rate: 53% 4k students University of Washington, Seattle Campus Admit rate: 54% 40k students Brigham Young University Admit rate: 59% 30k students CUNY Queens College Admit rate: 61% 20k students Texas A & M University, College Station Admit rate: 64% 60k students University of Pittsburgh Admit rate: 67% 20k students Texas Tech University Admit rate: 68% 30k students Ball State University Admit rate: 68% 10k students Rutgers University, New Brunswick Admit rate: 68% 40k students Purdue University Admit rate: 69% 40k students Louisiana State University Admit rate: 71% 30k students University of Delaware Admit rate: 72% 20k students University of Central Missouri Admit rate: 76% 8k students Mississippi State University Admit rate: 76% 20k students University of Wisconsin, Eau Claire Admit rate: 78% 10k students University of Alabama Admit rate: 79% 30k students University of North Carolina, Charlotte Admit rate: 79% 20k students University of Colorado Boulder Admit rate: 80% 30k students Drexel University Admit rate: 83% 10k students University of Arkansas Admit rate: 83% 20k students University of Cincinnati Admit rate: 85% 30k students University of Texas, Dallas Admit rate: 87% 20k students Suffolk University Admit rate: 88% 4k students Arizona State University Admit rate: 88% 60k students West Chester University of Pennsylvania Admit rate: 89% 10k students Grand Valley State University Admit rate: 92% 20k students University of Kansas Admit rate: 93% 20k students Utah State University Admit rate: 93% 20k students California State University, Sacramento Admit rate: 94% 30k students University of Utah Admit rate: 95% 30k students Kansas State University Admit rate: > 95% 20k students University of Wyoming Admit rate: > 95% 9k students 90% admission rate 80% admission rate 70% admission rate 60% admission rate 50% admission rate 40% admission rate 30% admission rate 20% admission rate 10% admission rate These are America’s major four-year colleges, arranged by their admission rates. Just 6 percent of all college students attend a school with an acceptance rate of 25 percent or less. 56 percent of these college students go to a school that admits at least three-quarters of its applicants. These statistics reveal a simple fact about affirmative action in higher education: It mattered very little for the majority of American college students. But because affirmative action only opened a tiny window of access to America’s most elite institutions, the ruling will make little difference for most college students.
Persons: Richard Arum, Mitchell, Stevens, Quoctrung Bui Mr, Arum, Davis, It’s, Lyndon B Organizations: University of California, Stanford Graduate School of Education, Harvard, Duke University, Amherst College, Carnegie Mellon University, Boston University, University of North, University of Texas, University of Florida, Bucknell University, San Diego State University, Binghamton University, Clemson University, Stevens Institute of Technology, University of Washington, Brigham Young University, CUNY Queens College, Texas, M University, College, University of Pittsburgh, Texas Tech University, Ball State University, Rutgers University, Rutgers University , New, Purdue University, Louisiana State University, University of Delaware, University of Central, Mississippi State University, University of Wisconsin, University of Alabama, University of Colorado Boulder, Drexel University, University of Arkansas, University of Cincinnati, Suffolk University, Arizona State University, West Chester University of Pennsylvania, Valley State University, University of Kansas, Utah State University, California State University, University of Utah, Kansas State University, University of Wyoming, Stanford, Black White, White Black, U.S . Department of Education, Pomona, San, California State University , Los, of California Locations: Irvine, Berkeley, University of North Carolina, Austin, Seattle, Rutgers University ,, Rutgers University , New Brunswick, University of Central Missouri, Eau Claire, Charlotte, Dallas, Sacramento, Cambridge, Palo Alto, America, California, San Francisco State, California State University , Los Angeles
A.I. Is Coming for Mathematics, Too
  + stars: | 2023-07-02 | by ( Siobhan Roberts | ) www.nytimes.com   time to read: +1 min
For more than 2,000 years, Euclid’s text was the paradigm of mathematical argumentation and reasoning. “Euclid famously starts with ‘definitions’ that are almost poetic,” Jeremy Avigad, a logician at Carnegie Mellon University, said in an email. But by the 20th century, mathematicians were no longer willing to ground mathematics in this intuitive geometric foundation. Eventually, this formalization allowed mathematics to be translated into computer code. In 2019, Christian Szegedy, a computer scientist formerly at Google and now at a start-up in the Bay Area, predicted that a computer system would match or exceed the problem-solving ability of the best human mathematicians within a decade.
Persons: Euclid, Jeremy Avigad, , Avigad, Christian Szegedy Organizations: Getty, Carnegie Mellon University, Google Locations: Los Angeles, Bay
Violent protests challenge French view on race
  + stars: | 2023-07-01 | by ( Joshua Berlinger | ) edition.cnn.com   time to read: +6 min
Nanterre, France CNN —What does it mean to be French? That vigorous adherence to equality often prevents the government from doing anything that would appear to categorize French citizens based on race, including collecting statistics. “We’re talking people who have been in France for 100 years or half a century, but are still considered foreigners, strangers foreign to France, even though they are French citizens,” she said. French people often use anglicisms to address issues of race rather than the French equivalent – for example, Black people are referred to as “Black” rather than “noire,” the French word for black – despite the aversion of the francophone world to the rising usage of English in French culture. Workers clear a street filled with charred cars in Nanterre, France, on Friday.
Persons: It’s, Nahel, Adama Traore, rebuts, Rokhaya Diallo, , , Daniele Obono, Mame, Fatou Niang, “ We’re, Niang, Joshua Berlinger Organizations: France CNN, Fifth, CNN, , France Unbowed, Center for Black European Studies, Atlantic, Carnegie Mellon University, Elysee, French Foreign Ministry, Workers Locations: Nanterre, France, French, Fifth Republic, Paris, Africa, Caribbean, Asia, Republic, France’s, United States, ” Suburbs
Hollywood development and production have mostly ground to a halt amid the film and TV writers' strike. Young workers hoping to break into entertainment say the strike has made a competitive job market even tougher. Sears, who is currently unemployed, graduated this year with a master's degree in entertainment industry management from Carnegie Mellon University. Now, she's attempting what feels like a herculean feat: getting her career off the ground in the midst of a months-long Hollywood writers' strike, the first labor stoppage to grind the industry to a halt in 15 years. Contact this reporter to share your experience during the writers' strike.
Persons: Young, Delaney Sears, — there's, Sears, they've, , Joanna Sucherman, Sucherman, Trevor Romero, Romero, Dan Green, grads, Green, Nabha, She's, Purohit, they'd, execs, he's, haven't, Kody Proctor, Proctor, he'd, We've, Reed Alexander Organizations: Hollywood, Carnegie Mellon University, Writers Guild of America, SAG, WGA, Disney, Warner Bros, JLS Media, Fox, United Talent Agency, Young Entertainment, Carnegie Mellon's Heinz College of Information Systems, Public, Savannah College of Art, Alliance, Television Producers, Paramount Pictures, Melrose, Paramount, University of Southern, North Dakota, Carnegie, E, Victoria Cheyenne Locations: California, Angeles, LA, Chicago, Fremantle, Los Angeles, Brooklyn, Georgia, Elm, Mumbai, India, University of Southern California, North, North Hollywood, Victoria, Bolivia
This year's test, which was devised before the latest banking crisis, checked if banks would stay above the minimum 4.5% capital ratio during economic stress and macroeconomic instability. Banks will disclose their new stress capital buffer in the coming days and Well Fargo expects a reduction in the capital requirements for JP Morgan, BofA and Goldman. Goldman Sachs analysts said market focus will likely return quickly to potential increases to stress capital buffer and tougher regulations against the backdrop of Basel III revision. Citigroup (C.N) rose 0.7%, but trailed its peers as analysts said higher stress capital buffer would hamper its efforts to boost profitability. "Citi will now have the highest CET1 requirement among our banks at 12.3%," J.P. Morgan analysts wrote in a client note.
Persons: Charles Schwab, Morgan Stanley, Goldman Sachs, Banks, JP Morgan, BofA, Goldman, Wells, J.P, Morgan, It's, Brian Jacobsen, Manya Saini, Niket Nishant, Chuck Mikolajczak, Arun Koyyur Organizations: Big, JPMorgan Chase, Bank of America, Fargo, JP, Reuters Graphics Reuters, Wall Street, Jefferies, Citizens, Citigroup, Citi, Bank of New York Mellon, US Bancorp, RBC Capital Markets, Wealth Management, Reuters, Banks, Thomson Locations: Wells Fargo, Basel, U.S, Menomonee Falls , Wisconsin, Bengaluru
Bank of New York Mellon (BK.N) and Charles Schwab (SCHW.N) rose 1.1% and 2.0%, respectively. The S&P 500 banks index (.SPXBK) gained 2.5%, while the KBW Regional Banking index (.KRX) climbed 1.8%. Six of the 11 major S&P 500 sectors rose, as gains in financials (.SPSY) and energy (.SPNY) helped offset losses in utilities (.SPLRCU) and consumer staples (.SPLRCS). The S&P index recorded 11 new 52-week highs and two new lows, while the Nasdaq recorded 30 new highs and 29 new lows. Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: JPMorgan Chase, Goldman Sachs, Wells, Charles Schwab, Thomas Hayes, Jerome Powell, Powell's, Sruthi Shankar, Johann M, Shinjini Organizations: Dow, Nasdaq, Bank of America, JPMorgan, Bank of New York Mellon, Great, Reuters, Dow Jones, Micron Technology, Occidental Petroleum, Berkshire Hathaway Inc, NYSE, Thomson Locations: KBW, Great Hill, financials, Bengaluru
But the odds of the hikes are much less than Powell is projecting so tech stocks are benefiting," said Hayes. Apple (AAPL.O) inched 0.3% higher after closing at a record high on Thursday and edging closer to a $3 trillion market capitalization. ET, to gauge the outlook for interest rates. Micron Technology (MU.O) rose 3.3% after the chipmaker beat estimates for third-quarter results, powered by demand for its memory chips. Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Berkshire Hathaway, JPMorgan Chase, Goldman Sachs, Wells, Charles Schwab, Thomas Hayes, Jerome Powell, Powell, Hayes, Raphael Bostic, Sruthi Shankar, Johann M, Shinjini Organizations: Micron, Occidental Petroleum, Dow, Bank of America, JPMorgan, Bank of New York Mellon, Great, Apple, Nvidia, Atlanta Fed, Reuters, Dow e, Nasdaq, Micron Technology, Berkshire Hathaway Inc, Intelligence, Thomson Locations: Berkshire, Great Hill, Bengaluru
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