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☆ Stocks rise on hope of revived China demand, oil slips
▼ + stars: | 2022-12-08 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

Wall Street rose on enthusiasm over a rally in U.S.-listed shares of Chinese companies, while copper climbed on hopes of increased demand from China, its biggest consumer. "The realization that China is going to be back online and producing product will help bring down inflation and that's a good thing. Treasury yields rose as investors awaited a report next week on inflation and the Fed meeting. Global bond yields, which move inversely to price, have tumbled in recent weeks on expectations of slower growth or recessions will curb the rise in rates. Gold prices edged higher as the dollar eased and investors positioned themselves ahead of the U.S. inflation data and the Fed's policy announcements.

☆ Stocks rise on hope of revived China demand, oil wobbles
▼ + stars: | 2022-12-08 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

Wall Street rose on enthusiasm over a rally in U.S.-listed shares of Chinese companies, while copper climbed on hopes of increased demand from China, its biggest consumer. "The realization that China is going to be back on-line and producing product will help bring down inflation and that’s a good thing. "The bulls can spin the narrative that both inflation expectations and real yields are coming down. Treasury yields rose as investors awaited a report next week on inflation and the Fed meeting. Gold prices edged higher as the dollar eased and investors positioned themselves ahead of the U.S. inflation data and the Fed's policy announcements.

☆ Democrats’ plan to give Iowa the boot from top primary spot is great news
▼ + stars: | 2022-12-02 | by ( Joshua Spivak | Joshua Spivak Is The Author Of | ) www.nbcnews.com time to read: +7 min

This year, it’s the Democrats with a noteworthy shakeup to the 2024 primary and caucus calendar. Biden finished a distant fourth in Iowa and fifth in New Hampshire and was seen as dead in the water. Perhaps what makes Iowa even more problematic for Democrats is that it has moved out of the political center. In 1988’s Democratic caucus, it is still arguably unknown who really won: the declared winner, Missouri Rep. Dick Gephardt, or Illinois Sen. Paul Simon. Perhaps what makes Iowa even more problematic for Democrats is that it has moved out of the political center.

How to watch 'Better Call Saul' season 6You can watch "Better Call Saul" season six by purchasing episodes through digital retailers like Amazon and Vudu. 'Better Call Saul' Season 6 (Digital Purchase) The long-awaited conclusion to the harrowing “Breaking Bad” spin-off is available to buy digitally. Do Bryan Cranston and Aaron Paul appear in 'Better Call Saul' season 6? Netflix is also home to lots of other great content, including every season of "Breaking Bad" and the sequel film "El Camino: A Breaking Bad Movie." "Better Call Saul" is critically acclaimed and currently holds a "98% Fresh" rating on Rotten Tomatoes based on all six seasons.

☆ The treasury market is screaming recession is coming, says Rockefeller's Chang
▼ + stars: | 2022-11-28 | 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 EmailThe treasury market is screaming recession is coming, says Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.

☆ Watch CNBC's full interview with Stifel's Barry Bannister and Rockefeller's Chang
▼ + stars: | 2022-11-28 | 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 EmailWatch CNBC's full interview with Stifel's Barry Bannister and Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.

☆ Judicial Nominations Present Opportunity for Biden After Democrats Retain Senate
▼ + stars: | 2022-11-25 | by ( Laura Kusisto | ) www.wsj.com time to read: 1 min

President Biden has already seen 85 of his judicial nominees confirmed. President Biden is primed to make federal judicial appointments a continuing priority during his next two years in office after Democrats retained a narrow Senate majority in the midterm elections. Mr. Biden took office following four years in which former President Donald Trump left a significant conservative mark on the federal judiciary, placing judges in roughly 230 life-tenured positions, the most in a single term since the Jimmy Carter administration. That included three Supreme Court justices and 54 judges for the powerful U.S. appeals courts.

☆ The New Office Status Symbol Holds a Lot of Water—and Has a Wait List
▼ + stars: | 2022-11-17 | by ( Callum Borchers | ) www.wsj.com time to read: 1 min

The $50 Stanley Quencher boasts a double-walled design that puts an end to melting ice and frequent refills. Its real achievement might be solving a less technical problem: how to show off in today’s casual, hybrid workplace. Put the Jimmy Choo shoes and Armani suits back in the closet. The new on-the-job status symbol is a tumbler only slightly smaller than hockey’s Stanley Cup and nearly as valuable to some. Sometimes going for two to three times its retail price on the secondary market, this desktop trophy allows its owner to flaunt a combination of trendiness, disposable income and, presumably, bladder control.

Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.

The U.S. Energy Department's Advanced Research Projects Agency-Energy, or ARPA-E, aims to develop a dozen projects to recycle spent nuclear fuel. "I don't see many really looking seriously into reprocessing," Grossi told Reuters in an interview late on Wednesday at the COP27 climate summit in Egypt. Former U.S. President Jimmy Carter had halted reprocessing of nuclear waste in 1977, citing proliferation concerns. "Nobody will be doing reprocessing without the IAEA being involved," he said, noting that any nuclear waste recycling North Korea is undertaking is an exception. The United States has spent billions of dollars over decades on a project at Yucca Mountain in Nevada to store nuclear waste.

☆ Michael Kors-owner Capri cuts holiday forecasts on slow China recovery
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Michael Kors-owner Capri Holdings Ltd (CPRI.N) on Wednesday lowered its sales and profit forecasts for the holiday period, blaming a slow demand recovery in China due to persistent COVID-19 curbs and uncertainty about the global economy. Luxury goods companies have managed to pass on higher costs to affluent shoppers, but China remains a sore spot as Beijing's "dynamic zero-COVID" policy hampers the return of consumers to high-fashion stores. COVID disruptions in China have also weighed heavily on Kering's (PRTP.PA) Gucci, Canada Goose Holdings (GOOS.TO) and L'Oreal (OREP.PA). Capri, which also owns Versace and Jimmy Choo, cut its holiday-quarter sales forecast to $1.53 billion, from $1.65 billion, and lowered its profit forecast to $2.20 per share from $2.45 per share. It forecast fiscal 2023 revenue of $5.70 billion, compared with its prior estimate of about $5.85 billion.

☆ Premarket stocks: What midterm elections could mean for the US economy
▼ + stars: | 2022-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —Tuesday’s midterm elections come at a time of economic vulnerability for the United States. Americans are feeling the pain of rising interest rates and are facing a winter filled with geopolitical tension. If Republicans get the House, tax hikes are dead in the water,” said David Wagner, a portfolio manager with Aptus Capital Advisors. Biden’s stock market record is the second worst since Jimmy CarterThe stock market under President Biden started with a boom, but as we head into midterm elections, markets are going bust, reports my colleague Matt Egan. By contrast, Biden’s two immediate predecessors headed into their first midterm election with stock markets surging.

☆ Raphael Warnock vs. Herschel Walker: Georgia US Senate election
▼ + stars: | 2022-11-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Democrat Raphael Warnock is running against Republican Herschel Walker in Georgia's US Senate race. Warnock was first elected to the Senate in a 2021 runoff election alongside Democrat Jon Ossoff. Democratic Sen. Raphael Warnock, who was first elected in a January 2021 runoff, is running for a full six-year term and faces Republican Herschel Walker. In the initial November 2020 special US Senate election, Warnock came in first place with nearly 33% of the vote in a multicandidate field that included then-Republican Sen. Kelly Loeffler. Walker has raised nearly $37.5 million, spent $32 million, and has $5.4 million left to spend, as of October 19.

☆ Republican Gov. Henry McMaster faces off against Democrat Joe Cunningham in South Carolina's gubernatorial election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +2 min

Explore more race results below. Henry McMaster is running against Democrat Joe Cunningham in South Carolina's gubernatorial race. Henry McMaster faces off against Democrat Joe Cunningham in South Carolina's gubernatorial election. South Carolina's gubernatorial candidatesMcMaster was formerly the lieutenant governor of the state but rose to the role of governor after former Gov. South Carolina's voting historySouth Carolina handed Trump a 12 percentage point margin of victory in 2020.

☆ Republican incumbent Sen. Tim Scott faces off against Democratic state Rep. Krystle Matthews in South Carolina's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +3 min

Sen. Tim Scott is running against Democratic state Rep. Krystle Matthews to represent South Carolina in the US Senate. South Carolina's Senate race candidatesScott joined the US Senate in 2013 and is vying for another term to represent South Carolina in the US Senate. Prior to being elected to the US Senate, Scott served on the Charleston City Council, the South Carolina House of Representatives, and represented South Carolina's 1st Congressional District in the US House. Matthews, Scott's challenger, was elected in 2018 to represent Berkeley and Charleston counties in the South Carolina House of Representatives. South Carolina has voted Republican candidate since 1964, except in 1976 when it voted for fellow southerner Jimmy Carter.

☆ Jimmy Kimmel returns as host for the 95th Oscars
▼ + stars: | 2022-11-07 | by ( ) www.nbcnews.com time to read: +4 min

Jimmy Kimmel is back as host of the 95th Oscars in 2023, marking the late-night star’s third time fronting the ceremony — which he last did five years ago. The “Jimmy Kimmel Live” host previously led the 2017 and 2018 telecasts, the former of which produced the famous “La La Land” and “Moonlight” best picture screw-up. “Being invited to host the Oscars for a third time is either a great honor or a trap,” Kimmel said in a statement. “Jimmy is the perfect host to help us recognize the incredible artists and films of our 95th Oscars,” Academy CEO Bill Kramer and Academy president Janet Yang said in a statement. Added Craig Erwich, president, ABC Entertainment, Hulu & Disney Branded Television Streaming Originals: “Having Jimmy Kimmel return to host ‘The Oscars’ is a dream come true.

Net worth is 30% higher than before the pandemic, more so for those in the bottom half. Overall, the economy is expected to grow in 2022, albeit slowly, after concerns earlier in the year that it had begun to contract. The unemployment rate has averaged 3.6% since March - better than before the 2018 midterm elections under Trump, and unrivaled really since the 1966 midterm elections. But a third of both Democrats and Republicans said they had delayed a "home, office or other purchase" because of higher rates - decisions that can sting as families plan for the years ahead. But for the last year the growth has stalled, and heading into the elections on Tuesday there seems little optimism left.

Trump’s mendacity is arguably the Second Big Lie. Four years earlier, the Hillary Clinton campaign and leading Democrats refused to acknowledge the outcome of the 2016 election, by claiming Donald Trump was not a legitimate president. “He knows he’s an illegitimate president,” said Clinton, also three years later. She repeated this sentiment in 2020, telling The Atlantic the election “was not on the level,” and again when she called Trump’s win illegitimate. These two phenomena are inextricably linked: The 2016 election denial paved the way for Trump’s lies four years later.

☆ Biden’s stock market record so far is the second worst since Jimmy Carter
▼ + stars: | 2022-11-07 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —The stock market started the Biden era with a boom. Entering Monday, the S&P 500 advanced just 13.2% since President Joe Biden took office in January 2021. Of course, the stock market is not the economy, nor should it be viewed as a barometer to govern towards. Slammed by the Fed’s all-out war on inflation, the S&P 500 is down 20% this year, on track for its worst year since 2008. The underperformance of the stock market under Biden matters because many Americans have exposure to stocks, either directly or indirectly in their 401(k) and pension plans.

After oil prices soared following Russia's invasion of Ukraine, European governments already have imposed windfall taxes on their oil industries. But most U.S. lawmakers show little appetite to reverse that trend after oil companies like Exxon Mobil Corp and Chevron Corp <CVX.N. Senator Sheldon Whitehouse and Representative Ro Khanna, both Democrats, are among legislators who have already introduced bills to tax excess oil company profits. Democratic Senators Kyrsten Sinema from Arizona and Joe Manchin from West Virginia would likely oppose a windfall profits tax, dimming its prospects, congressional sources and research groups said. Administration officials conceded privately that it may be difficult to enact a federal windfall profits tax, and said no deadline has been set for a next step.

☆ A Windfall Profits Tax: Energy Policy for Dummies
▼ + stars: | 2022-11-02 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

President Biden has the worst energy policy since Jimmy Carter , so it was probably inevitable that he would disinter one of Mr. Carter’s worst ideas—a “windfall profits” tax on oil companies. Doesn’t he know that when you tax something, you get less of it? Sorry, rhetorical question. “Their profits are a windfall of war—the windfall from the brutal conflict that’s ravaging Ukraine and hurting tens of millions of people around the globe,” Mr. Biden said Monday of oil companies reporting strong earnings this year.

☆ What Cramer is watching Tuesday — big J&J deal, Lilly guidance light, Biden scolds Big Oil
▼ + stars: | 2022-11-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding J ohnson & Johnson (JNJ) buys Abiomed (ABMD), premier heart pumping company, in a deal valued at $16.6 billion. J & J is paying a hefty premium: $380-per-share upfront, plus extra $35-per-share if certain milestones are met. J & J juiced growth ahead of its separation into two companies: one, pharma and the other, consumer brands. This will raise the growth rate of the MedTech portion of new J & J company. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) very good: $516 million versus $470 million expected.

☆ The Woman Who Inspired Me to Climb Higher
▼ + stars: | 2022-10-29 | by ( Katie Arnold | ) www.wsj.com time to read: +1 min

On Oct. 15, hundreds gathered in Telluride, Colo., to celebrate the life of renowned ski mountaineer Hilaree Nelson . Nelson, 49, died on Sept. 26 when she triggered a small avalanche while skiing off the 26,781-foot summit of Mount Manaslu in Nepal. The crowd read like a who’s-who from the world of climbing and adventure. Jimmy Chin, who won an Academy Award for his 2018 documentary “Free Solo,” shared stories of a long friendship. Nelson’s death triggered an outpouring of tributes from people around the world, most of whom, like me, didn’t know her personally.

☆ Cramer's lightning round: Lucid Group is losing too much money
▼ + stars: | 2022-10-26 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Lucid Group Inc : "I love the car. They're losing too much money." Loading chart...Fomento Economico Mexicano SAB de CV : "I don't need to go overseas to lose money. I can lose all the money I want here. They believe in it, and that is going to keep it from going down much more.

☆ U.S. funds projects to explore nuclear waste reprocessing
▼ + stars: | 2022-10-21 | by ( Timothy Gardner | ) www.reuters.com time to read: +3 min

The Advanced Research Projects Agency-Energy, or ARPA-E, aims to develop a dozen projects to recycle the waste, also known as spent nuclear fuel, with $38 million in funding. France and other countries have reprocessed nuclear waste by breaking it down into uranium and plutonium and reusing it to make new reactor fuel. President Joe Biden's administration supports development of advanced nuclear plants to help reach his goal of decarbonizing the U.S. economy by 2050. Recycling nuclear waste "can significantly reduce the amount of spent fuel at nuclear sites, and increase economic stability for the communities leading this important work," Granholm said. As a result, the waste is now stored at nuclear power plants across the country in spent fuel pools and in casks made of steel and concrete.

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