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5 desserts for celebrating Eid al-Fitr
  + stars: | 2024-04-09 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com   time to read: +4 min
Ramadan is coming to an end, which means it’s time to plan to celebrate Eid al-Fitr. A number of desserts make up the table during Eid al-Fitr. Arindam Dey/AFP/Getty ImagesA classic Eid al-Fitr dish is sheer khurma. Helou said these desserts are eaten all year round, but they are ever more present during Ramadan and Eid. iStockphoto/Getty ImagesA popular Eid al-Fitr dish is a sweet milk-based dumpling called rasmalai.
Persons: Ramadan, Eid, Sweets, Anissa Helou, Ma’amoul, ” Helou, Arindam Dey, Helou, Mehmet Akif Parlak, , , it’s, Karolia, James Nielsen, Jocelyn Solis, Moreira Organizations: CNN, Getty, Anadolu Agency, Houston Chronicle Locations: Syria, Jordan, Lebanon, Palestinian, Agartala, India, AFP, Gaziantep, New York
PinnedWith the year’s first quarter in the books, the Labor Department will release its latest update on the labor market Friday morning. Economists expect the March report to show that over 200,000 jobs were added for the fourth consecutive month, according to a Bloomberg survey. The report is expected to show that the unemployment rate ticked down to 3.8 percent from 3.9 percent in February. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. Nevertheless, there is “still absolutely nothing happening” in key measures of long-run jobless claims, said Guy Berger, director of economic research at the Burning Glass Institute, which studies the labor market.
Persons: , Joe Davis, Guy Berger Organizations: Labor Department, Bloomberg, Federal, Vanguard, Federal Reserve, Glass Institute Locations: U.S
Takeaways from blowout jobs report
  + stars: | 2024-04-05 | 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 EmailTakeaways from blowout jobs reportNathan Sheets, Citi global chief economist, joins ‘Money Movers' to discuss what the latest jobs report mean for the Fed, when can we expect rate cuts this year, and more.
Persons: Nathan Sheets Organizations: Citi
Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.
Persons: , Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service
CNN —Police have arrested 22 people and seized assets worth more than €600 million ($650 million) in connection with alleged fraud linked to the European Union’s post-pandemic recovery fund. The alleged fraud is likely to renew concerns about the misuse of the EU’s €800-billion recovery fund to help revive the bloc’s economy. The European Public Prosecutor’s Office (EPPO) said a criminal organization is suspected of running a fraud scheme between 2021 and 2023 to swindle Italy’s recovery packages. The prosecutor’s office claimed the group used cryptocurrencies, artificial intelligence and offshore cloud servers to carry out and conceal the fraud. The United States has also attempted to crack down on alleged fraud involving Covid-19 relief resources.
Persons: Lamborghinis, Cartier Organizations: CNN — Police, Prosecutor’s, Police, Public, , United, Small Business Administration Locations: Italy, Austria, Romania, Slovakia, United States
A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.
Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis
Energy could be a hot trade this summer, according to Robert Schein, chief investment officer at Blanke Schein Wealth Management. That, in turn, would bode well for shares of energy stocks, Schein said. "I think energy could be the story of the summer," Schein told CNBC Pro. But the ETF rallied more than 57% in 2022, even as the S & P 500 tumbled more than 19%. XLE .SPX YTD mountain The XLE vs. the S & P 500 this year Schein said energy has begn to break out after being "left behind."
Persons: Robert Schein, bode, Schein, Hightower Organizations: Wealth Management, CNBC, Energy, Fund, Exxon Mobil, Chevron, ConocoPhillips, LSEG Locations: of Baltimore, The California
Dollar steady as PCE data sets up June rate cut bets; yen in focus
  + stars: | 2024-04-01 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The report also showed consumer spending rising by the most in just over a year last month, underscoring the economy's resilience. The yen touched a 34-year low against the dollar of 151.975 on Wednesday and was last at 151.315 per dollar, a shade stronger, on Monday. In other currencies, the Australian dollar rose 0.21% to $0.654, while the New Zealand dollar was 0.20% higher at $0.599.
Persons: Jerome Powell, Sterling, Shunichi Suzuki, bitcoin Organizations: Federal, Commerce Department's, Reuters, Traders, Citi, Japan, Bank of Japan, Ministry of Finance, Financial Services Agency, New Zealand Locations: Japan
In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.
Persons: , Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, , Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago
Grip strength can indicate health and longevity
  + stars: | 2024-04-01 | by ( Dana Santas | ) edition.cnn.com   time to read: +8 min
While it may seem like a small part of your body’s total strength, grip strength is a foundational component of physical fitness, linked to injury prevention, as well as a reliable benchmark for many aspects of health and functional independence as we age. Tasks such as carrying groceries, opening doors and jars, and even getting out of a chair all require adequate grip strength. How to assess and track your grip strength at homeIn clinical settings, a hand dynamometer measures grip strength by gauging the force applied when squeezing its handle. To test your grip strength at home without a dynamometer, use a bathroom scale or tennis ball to give you rough, trackable measurements. Exercises to strengthen your gripImproving grip strength involves incorporating specific exercises to address all three aspects of grip strength.
Persons: Dana Santas, it’s, I’ve, you’ll Organizations: Pain, CNN, CNN’s
China's manufacturing activity expanded for the first time in six months in March, an official factory survey showed on Sunday, offering relief to policymakers even as a crisis in the property sector remains a drag on the economy and confidence. New export orders rose into positive territory, breaking a 11-month slump, but employment continued to shrink, albeit at a slower rate, the PMI data showed. Premier Li Qiang announced an ambitious 2024 economic growth target of around 5% earlier this month at the annual meeting of the National People's Congress, China's rubber-stamp parliament. Citi on Thursday raised its economic growth forecast for China for this year to 5.0% from 4.6%, citing "recent positive data and policy delivery". China's cabinet on March 1 approved a plan aimed at promoting large-scale equipment upgrades and sales of consumer goods.
Persons: Zhou Maohua, Premier Li Qiang Organizations: PMI, China Everbright Bank, Manufacturing, Premier, National People's Congress, Citi Locations: Shandong, China, Japan
Several countries pay bonuses to medal winners, and high-profile athletes may get brand deals and sponsorships, but many Olympic athletes live quiet lives. AdvertisementD'Souza suggested he received funding for the Enhanced Games in the "single-digit millions" but declined to specify the amount. So far, it's unclear what kind of talent Enhanced Games will attract. He said that at the Enhanced Games, athletes would get comprehensive health checkups to monitor the effects of "whatever enhancement protocols" they're on and ensure they're fit to compete. D'Souza said he planned to announce more details about the Enhanced Games this summer — right around the Paris Olympics.
Persons: Aron D'Souza, gymgoers, D'Souza, Thomas Bach, Bach, Uber, Christian, Christian Angermayer, Balaji Srinivasan, Coinbase's, Peter Thiel, Angermayer, Srinivasan, Thiel, Hulk, Charles Harder, Harder, didn't, Sargon, Peter, VCs, Thiel hasn't, he's, James Magnussen, James, he'd, Marta Nawrocka, BI's Gabby Landsverk, Jim Walden, Grigory Rodchenkov, it's, who'd Organizations: International, Olympic, IOC, West Germany's Olympic, The New York Times, Business, Apeiron Investment, University of Melbourne, Gawker Media, BuzzFeed, Gawker, Abrams, Australian Financial, US, Doping Agency, UFC, Drug Free, NFL, NBA, MLB, Testing Agency, ITA, CNN, FBI, Sports, Gaming Initiative, Paris Locations: Miami, Lausanne, Switzerland, Oxford, Australian, Russia
But Japan's economy — the long-unconscious patient — recently started to wiggle its toe. The country's stock market is ripping; the Nikkei recently exceeded the all-time highs it set 34 years ago. Now, Koo says, Chinese academics and policymakers are flocking to Japan to glean some kind of wisdom from the country's experience. Advertisement"This has made Japan attractive for foreign investors, and the stock market has done well," Koo said. Even without a currency war with Beijing, the world is building defenses against another wave of Chinese goods.
Persons: , Goldman Sachs, there's, Nomura, Richard Koo, Koo, Shinzo Abe, Japan's, What's, it's, we're, haven't, Xi Jinping, doesn't, Xi, we've, Brasília Organizations: Nikkei, Goldman, Bank of Japan, Corporations, International Monetary Fund, Japan, Peterson Institute, European Union, China Locations: East Asia, China, Japan, Real, Tokyo, Beijing, Brussels, Brasília, American, Washington, Brazil, Turkey
But what if I told you this group shrunk its share count dramatically since 2019? The numbers tell the story: Lennar now has 276 million shares outstanding, down from 318 million five years ago. Other than Toll, most of the homebuilder management teams do not emphasize this fundamental change in share count. Management has been buying hand over fist since 2019, shrinking the share count to 215 million from 264 million. My rather unassailable conclusion is pretty simple: Check the share count before you buy a stock.
Persons: PulteGroup, DR Horton, , Douglas Yearley hadn't, homebuilders, Jim Umpleby, Eaton, Dow, Cummins, Elliott, Marc Benioff, Colette Kress, Williams, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Federal Reserve, DR, Management, Dick's, Goods, Abercrombie, Fitch, Williams, Walmart, Caterpillar, DuPont, Marathon Petroleum, Elliott Management, Valero Energy, Pacific, Norfolk Southern, CSX, Apple, Microsoft, NFL, Jim Cramer's Charitable, CNBC Locations: tatters, California, Sonoma, America, Williams Sonoma, San Marcos , California
My wife and I never gave pet insurance much thought, until our cat Wally needed a $3,000 surgery. My wife and I never gave pet insurance much thought — until we were told our cat Wally needed surgery that would cost nearly $3,000. Apparently, we weren't alone in that thinking, as only about 25% of pet owners have pet insurance, according to a recent NerdWallet survey. What you get with pet insuranceTypically, pet insurance covers accidents, illness and wellness, which pays for routine care like annual exams. How to know whether pet insurance is right for youFinancial planners who spoke with CNBC Make It were divided on whether pet insurance is worth the cost.
Persons: Wally, Mike Winters, periodontitis, there's, Rikin Shah, Carol Fabbri, Organizations: CNBC, Insurance Locations: Denver
Related storiesEven so, he said he did not think the story of why customers suffered "has been told or told correctly." Customers "could have been paid back" at 2022 prices or current prices, including inflation, Bankman-Fried claimed. Kaplan didn't buy the argument, calling it "speculative" and "misleading." Before handing down Bankman-Fried sentence, Kaplan said he wanted to prevent him from committing more harm, noting that he has previously marketed himself to the media to rebrand his image and version of events at FTX. Bankman-Fried faced a maximum of 110 years in prison following the collapse of FTX.
Persons: , Sam Bankman, Fried, Lewis Kaplan, It's, Sunil Kavuri, Adam M, Moskowitz, Kavuri, FTX, Kaplan, that's, Kaplan didn't, Fried perjured, didn't, it's, Prosecutors, Bernie Madoff, Damian Williams, " Williams, Williams Organizations: Service, Business, Southern, of Locations: Manhattan, FTX, of New York
How to Be Real With Your Kids
  + stars: | 2024-03-27 | by ( Anna Martin | Julia Botero | Christina Djossa | ) www.nytimes.com   time to read: +30 min
anna martinAfter the break, Penn talks about unconditional love and learning how to say “I’m sorry” as a parent. anna martinI mean, as a dad yourself now, do you remember a time where your kids saw you be vulnerable? You really, really can, of course. How do you think about unconditional love in your roles as a father and as a husband? penn badgleyI think unconditional love is actually very hard and rare in a way.
Persons: anna martin, ” I’m Anna Martin, Penn, Dan Humphrey, anna martin Dan Humphrey, It’s, ” penn, anna martin So, penn, We’re, anna martin You’re, it’s, anna martin You, anna martin Huh, there’s, I’ve, you’re, Dean E, Murphy, , welling, Let’s, don’t, , frosting, confections, I’d, ” anna martin, Danny Murphy’s, he’s, they’ve, I’m, anna martin I, anna martin Oh, penn badgley, they’re, They’re, anna martin Wow, anna martin Absolutely, he’d, anna martin Yeah, that’s, I’ll, There’s, anna martin Hm, That’s, anybody’s, Tom Cruise, Emily Blunt, You’re, anna martin Listeners, Miya Hawke, miya hawke Organizations: The New York Times, Netflix, Penn Locations: East Siders, Santa Barbara , California
The SAT Gave Me Hope - The New York Times
  + stars: | 2024-03-27 | by ( Emi Nietfeld | ) www.nytimes.com   time to read: +1 min
Many schools have embraced the test-optional rule under the assumption that it would bolster equity and diversity, since higher scores are correlated with privilege. Many low-income and minority students withheld scores that could have gotten them in, wrongly assuming that their scores were too low, according to an analysis by Dartmouth. I was one of the disadvantaged youths who are often failed by test-optional policies, striving to get into college while in foster care and homeless. What these conversations overlook is the hope these tests offer students who are in difficult situations. I will always feel tenderness toward the Scantron sheets that unlocked higher education and a better life.
Organizations: University of Texas, Austin, ACT, Dartmouth
More than 1 in 4 adults and nearly 1 in 5 children have seasonal allergies, according to the US Centers for Disease Control and Prevention. Are there other substances that can cause seasonal allergies? CNN: Are there other substances that can cause seasonal allergies? These are not seasonal allergies, as they aren’t related to environmental exposures and can happen year-round. There are many online resources for reducing allergens in your home that can help to decrease the impact of seasonal allergies.
Persons: CNN —, Leana Wen, It’s, I’ve Organizations: CNN, Northern, US Centers for Disease Control, Nature Communications, George Washington University, CDC
Since Sinead O’Connor died last summer at 56, the outspoken and defiant Irish singer-songwriter has been memorialized on stages both divey and grand, including a star-studded concert last week at Carnegie Hall. But no tribute was likely as nude as the one on Monday, when the performance artist Christeene brought her pantsless queer horrorcore act — and a faithful downtown demimonde — to City Winery on the West Side of Manhattan. In celebrating “a very powerful woman,” Christeene said onstage, “I think we need to understand the dangers of religion, and the importance of ritual.” She arrived in a scuffed-up red robe, flanked by two dancers in white papal hats, and then shed it all to reveal a triangle of fabric across her nether region; costume changes brought a series of sheer, one-shouldered unitards — Skims from another dimension. Traversing a stage decorated with crinkled sheets and cones of aluminum foil, in high-heeled black boots, she had the energetic strut of Iggy Pop and the evocative, funny monologues — about faith, protest and community — of an oracle. From the very first song, the audience was intensely rapt.
Persons: Sinead O’Connor, Christeene, demimonde, ” Christeene, , Pop Organizations: Carnegie Hall Locations: demimonde —, City, Manhattan, nether
S. Iswaran, Singapore's transport minister, leaves the Singapore State Courts in Singapore, on Thursday, Jan. 18, 2024. Iswaran was charged with corruption, the latest development in the biggest political scandal to hit the city state in close to four decades. Photographer: Ore Huiying/Bloomberg via Getty ImagesSingapore's former Transport Minister S Iswaran was handed eight additional charges in court on Monday, bringing the total number of charges against him to 35. In January, Iswaran was handed 27 charges, including corruption — he pleaded not guilty to those charges. A statement from Singapore's anti-graft watchdog said the alleged offences were committed between November 2021 and November 2022, and was in connection with Iswaran's official function as Minister for Transport.
Persons: Iswaran, , Lum Kok Organizations: Courts, Bloomberg, Getty, Singapore, Transport Locations: Singapore, Australia, Brompton
Wells Fargo reiterates Citi as overweight Wells Fargo raised its price target on Citi to $80 per share from $70." "We initiate coverage of Kinetik Holdings Inc. with an Outperform rating and $40 price target." "We are initiating coverage of Motorola Solutions (MSI) with an Outperform rating and $400 Target price." Citi reiterates Netflix as neutral Citi raised its price target on Netflix to $660 per share from $555. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on the stock.
Persons: BoB, Mizuho downgrades Tesla, Wells, Wells Fargo, Kinetik, it's bullish, Huya, Raymond James downgrades Dave, Raymond James, Dave, Buster's, Morgan Stanley, it's, Evercore, Sealy, Raymond James downgrades Scotts, Tesla, MASI Organizations: Bank of America, Nvidia, Mizuho, Citi, RBC, Kinetik Holdings, Northland, Astera, of America, " Bank of America, Meta, Argus, Barclays, Adobe, ISI, Motorola Solutions, Netflix, Mattress, JPMorgan, PT, Raymond James downgrades Scotts Miracle, Gro, Scotts Miracle, Strong, MASI, UBS, Apple, Arista Networks, Arista Locations: China
Interest in fixed income has increased over the past year after rising bond yields put them back on investors' radars. Related storiesCorporate bonds with high yields are the new darling as investors dig for returns that beat inflation, Klein said. The Bloomberg US Corporate High Yield Index, a measurement of non-investment grade bonds, has a yield to worst (a measure of the lowest possible yield) of 7.65% and a one-year total return of 12.9%. It's unusual for equities to be doing very well and high yield to be doing poorly, he added. But buyers beware: high-yield bonds are also called non-investment grade and junk bonds, and it's for good reason.
Persons: there's, Goldman Sachs, Patrick Klein, Franklin, Klein, Goldman, don't Organizations: Business, Franklin Templeton, Bloomberg
Read previewWhen I had insomnia, I truly believed having the TV on in the background helped me sleep better. While the TV was initially seen as a sleep aid, it wasn't helping my insomnia overall. Something felt strangely off while I lay in bed those first few nights without my phone or the TV blaring. I experienced weird "phantom vibrations," where I felt my phone send a notification despite not having it on me. AdvertisementI certainly have no plans to bring screens or tech back into the bedroom anytime soon.
Persons: , FOMO Organizations: Service, Business, Netflix Locations: wasn't
At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. Employers were running around with fishnets trying to find people, and workers used their leverage. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy.
Persons: , it's, we'll Organizations: Federal Reserve Bank of San, Labor, P Global, Manufacturing, Capital, Employers, downturns, Professional Locations: Silicon Valley, Federal Reserve Bank of San Francisco
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