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"To us, it looks pretty compelling, [a] pretty consistent business, and it's trading at a discount." Such concerns aren't holding back Bailey's bet on McDonald's as the fast-food giant continues to top investor expectations. MCD 1Y mountain McDonald's shares over the last year "To me, it feels a little overblown. Bailey views Progressive as a "contrarian" play in financials, seeing it gaining share from competitors such as Geico and State Farm. "That's a pretty compelling idea for us."
Persons: Mike Bailey, I've, Bailey, Wall, You've, Wall Street's, Bailey's Organizations: Capital Partners, CNBC, Amazon, Microsoft, UnitedHealth Locations: financials
With interest rates expected to come down in 2024, real estate — a sector beloved for its steady income payments — could see upside in the new year. "When rates are low, a lot of income-oriented investors see that REIT dividend as very attractive, and they are willing to take the risks associated with equity investment to have this dividend payment." Jefferies is neutral on the office REIT sector but has raised its rating on Boston Properties to buy from hold. The senior housing occupancy rate was 84.4% in the third quarter of 2023, according to the National Investment Center for Seniors Housing & Care . That's up more than 6 percentage points from the pandemic low of 77.8%, but it's still off from the pre-pandemic occupancy rate of 87.1%.
Persons: REITs, Kevin Brown, Jefferies, Peter Abramowitz, Morningstar's Brown, it's, Brown, JPMorgan's Anthony Paolone, Ventas, — CNBC's Michael Bloom, Chris Hayes Organizations: Federal Reserve, Treasury, Boston Properties, Boston, National Investment Center, Seniors Housing & Care, Realty Locations: U.S, Boston, Friday's
It was also a much-needed break from the stress of the past two years due to COVID and a divorce. However, this year's resolutions aren't just for me but also for my son, husband, and two stepsons — even if I haven't told them yet. These are the resolutions I'll be striving to meet — along with my husband and kids — over the upcoming 365 days. Explore our surroundings, preferably by footOne of my favorite things is walking — the more interesting the path or place, the better. Move more — and do it togetherThe author and her stepson at an AirSoft center, a favorite family activity.
Persons: , Sara Lyle, I'd, It's Organizations: Service, Business, American Academy of Pediatrics, YMCA Locations: Singapore, Hawaii, Alaska, Tokyo, Houston, Orlando, Oahu, Sweden, Colorado, Glenwood Springs , Colorado
Alex Umansky is the man behind the best performing equity mutual fund this year. Baron Fifth Avenue Growth (BFTIX) , with nearly $500 million in assets under management, has rallied more than 58% this year, taking the No.1 spot for a winning stock fund in 2023, according to Morningstar. Umansky, who's been in the industry for 30 years, is the sole portfolio manager for the fund. Umansky's fund seeks to find long-term, durable growth opportunities in the large-cap space. The manager also has a long-term approach to growth investing where he views a stock as a piece of the business.
Persons: Alex Umansky, who's, Morningstar, Umansky Organizations: Baron, Nasdaq, New York University, Nvidia, Tesla
India could be the ideal site for emerging market investment, according to one ETF expert. "You've got a government that's a democracy that's supporting technology, and you've got a talent pool that's really unmatched on the planet," he said. Carter, who manages the India Internet & Ecommerce ETF (INQQ), underscored the significance of India's technology investments in particular. Carter's INQQ ETF focuses on Indian e-commerce and internet companies, targeting growth in the country's digital economy. "No other country on the planet has anything like this in terms of a digital foundation for their entire economy," Carter added.
Persons: Kevin Carter, EMQQ, CNBC's, You've, you've, Carter, they've Organizations: India, Ecommerce, Reliance Industries Locations: India
AetionAetion's website. AetionPicked by: Lynne Chou O'Keefe, the founder and managing partner of Define VenturesWhat the company does: Aetion provides pharmaceutical companies, payers, and regulators with real-world evidence they can use to inform decisions. Aetion provides the real-world evidence that insurers, pharmaceutical companies, and regulatory agencies need to evaluate the value of drugs and inform those conversations, she said. "The cost of specialty drugs, what's happening in the Inflation Reduction Act — all are bellwethers that we need a more value-based-oriented system around therapeutics going forward," she said. — Shelby Livingston
Persons: Aetion, Lynne Chou O'Keefe, O'Keefe, — Shelby Livingston
NEW YORK (AP) — Denny Laine, a British singer, songwriter and guitarist who performed in an early, pop-oriented version of the Moody Blues and was later Paul McCartney's longtime sideman in the ex-Beatle's solo band Wings, has died at age 79. Laine, inducted five years ago into the Rock and Roll Hall of Fame as a member of the Moody Blues, died Tuesday in Naples, Florida. His death comes almost exactly 50 years after the release of McCartney's acclaimed “Band On the Run” album, on which Laine played guitar and provided backing vocals. The Moody Blues then turned to the ambitious, classically influenced sounds of “Nights in White Satin" and other songs. Founded in 1971, the year after the Beatles broke up, Wings went through various personnel changes over the following decade, with Laine, McCartney and McCartney's wife, Linda.
Persons: — Denny Laine, Paul McCartney's, Laine, Elizabeth Hines, McCartney, Instagram, , ” McCartney, Brian Frederick Arthur Hines, Frankie Laine, Ray Thomas, Mike Pinder, 1967 Laine, Justin Hayward, Ginger Baker's, McCartney's, Linda, Said ”, ” Laine, George Harrison's, John Lennon, Organizations: Moody Blues, Hall of Fame, Ginger Baker's Air Force, Wings, Beatles Locations: British, Naples , Florida, Mull of Kintyre
A US Navy destroyer responding to the incidents had to battle off multiple drones during the day. It's the latest example of how American forces are increasingly engaging hostile Iran-backed groups. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. American destroyers like the Carney have shot down scores of drones and missiles launched from Houthi-controlled territory in recent weeks. "And so we will continue to focus on that mission, as well as ensuring that our forces are protected."
Persons: , Carney, Arleigh Burke, CENTCOM, MCS2 Aaron Lau, Khaled Abdullah Analysts, Washington, Pat Ryder Organizations: US Navy, Service, Hamas, Central Command, Pentagon, Washington Institute for Near East, Missiles, REUTERS, Institute for, Business, Pentagon Press, Air Force Locations: Iran, Red, Yemen, Suez, Israel, Iran's, Tehran, Gaza, Hezbollah, Lebanon, Iraq, Syria, Sanaa, Washington ,, United States, American, Islamic State
Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books. Spotify cut 6% of its workforce, or about 600 employees, at the start of the year. For the team that will remain at Spotify, I know this decision will be difficult for many. Looking AheadThe decision to reduce our team size is a hard but crucial step towards forging a stronger, more efficient Spotify for the future. As we've grown, we've moved too far away from this core principle of resourcefulness.
Persons: Ek, we've, I've, we're, Katarina, Severance, We're, – Daniel Organizations: Spotify
And I think that's just a testament to the world being really big and messy, and that these systems are still evolving, they're still really in their infancy. That may be a thing that's useful in your work, or maybe a thing that's useful in your life, or it may just be a fun thing – it may just be that you create a funny GPT and it's a cool thing to have. High-level, we always knew that we wanted to have a structure that, at its core, retained the original OpenAI – the OpenAI nonprofit. So that's the first thing to understand, I think, about OpenAI: It's not a normal company in that sense. We have shared that we have an initial board now, and expect to add more board membersWhat's the general mood like at the company right now?
Persons: OpenAI, Sam, Altman, Brad Lightcap, Lightcap, ChatGPT, OpenAI's, Bret Taylor, Larry Summers, Adam D'Angelo, Dev Day, DALL, we'd, doesn't, haven't, they've, – there's, There's, , We're, we've, Dev, It's, You've, Sam Altman, reappointment Organizations: CNBC, Fortune, Microsoft, ChatGPT Enterprise, OpenAI, OpenAI's Locations: San Francisco
Lula in Berlin for First Brazil-Germany Talks in Eight Years
  + stars: | 2023-12-03 | by ( Dec. | At A.M. | ) www.usnews.com   time to read: +2 min
He is expected to have dinner on Sunday with fellow leftist, German Chancellor Olaf Scholz, before the consultations on Monday. Scholz was the first foreign leader to visit Lula in Brazil, just weeks after his inauguration. The German Chancellor has been on a quest since taking office in late 2021 to improve ties with the Global South. Scholz will be hoping to avoid a scenario like in January when his visit to Brazil was overshadowed by differences over Russia's invasion of Ukraine. Lula last month said Israel was "committing terrorism" against Palestinians "by not taking into account that children are not at war, that women are not at war".
Persons: Andreas Rinke, Sarah Marsh BERLIN, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Olaf Scholz, Scholz, Lukas Koehler, Israel, Sarah Marsh, Toby Chopra Organizations: Global, European Union, Mercosur, Brazil, EU, Free Democrats, U.S, Latin America, German Locations: Berlin, America, Brazil, Germany, China, South, Argentina, Scholz's, Ukraine, Israel
He is expected to have dinner on Sunday with fellow leftist, German Chancellor Olaf Scholz, before the consultations on Monday. Scholz was the first foreign leader to visit Lula in Brazil, just weeks after his inauguration. The German Chancellor has been on a quest since taking office in late 2021 to improve ties with the Global South. Scholz will be hoping to avoid a scenario like in January when his visit to Brazil was overshadowed by differences over Russia's invasion of Ukraine. Lula last month said Israel was "committing terrorism" against Palestinians "by not taking into account that children are not at war, that women are not at war".
Persons: Luiz Inacio Lula da Silva, Ueslei Marcelino, Lula, Jair Bolsonaro, Olaf Scholz, Scholz, Lukas Koehler, Israel, Andreas Rinke, Sarah Marsh, Toby Chopra Organizations: Central Bank, REUTERS, Rights, Global, European Union, Mercosur, Brazil, EU, Free Democrats, U.S, Latin America, German, Thomson Locations: Brasilia, Brazil, Berlin, America, Germany, China, South, Argentina, Scholz's, Ukraine, Israel
Sultan Ahmed Al Jaber, President of the UNFCCC COP28 Climate Conference, attends a press conference following the opening session of the conference on November 30, 2023 in Dubai, United Arab Emirates. The United Arab Emirates on Friday said it would contribute $30 billion to a new climate-oriented fund, with finance juggernauts BlackRock, Brookfield and TPG stepping in as inaugural launch partners. Its activity will center on areas including the energy transition, industrial decarbonization and climate technology. The announcement was made on the second day of the COP28 climate summit in the UAE. COP28 President Sultan al-Jaber, who also serves as chief executive of the Abu Dhabi National Oil Company (ADNOC), will chair the board of Alterra.
Persons: Sultan Ahmed Al Jaber, Sultan al, Jaber Organizations: Conference, United Arab Emirates, United, juggernauts BlackRock, TPG, Global, Abu Dhabi National Oil Company Locations: Dubai, United Arab, Brookfield, Latin America, Asia, Africa, Oceania, UAE, Abu Dhabi
BEIJING, Dec 1 (Reuters) - Mixed factory activity data for China in November suggests more stimulus will be needed to shore up economic growth, analysts said on Friday, as two surveys came to contrasting conclusions on the sector's health. That was the fastest expansion in three months, but stands in contrast to the official PMI which fell to 49.4 on Thursday. "At face value, the average of the two is consistent with factory activity remaining largely unchanged last month," said Sheana Yue, China economist at Capital Economics. The official and Caixin surveys have different samples, with the Caixin PMI focusing on export-oriented enterprises and small- and medium-sized enterprises in the country's coastal region. Payroll cuts in the sector persisted for the third month in the Caixin survey and a ninth month in the official PMI.
Persons: Sheana Yue, Dan Wang, Xi Jinping, Liangping Gao, Joe Cash, Jacqueline Wong, Lincoln Organizations: P Global, PMI, Capital Economics, HSBC, Hang Seng Bank, Thomson Locations: BEIJING, China, Hang Seng Bank China, Shanghai
President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan attends the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Amr Alfiky Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - United Arab Emirates President Sheikh Mohammed Bin Zayed Al Nahyan, whose country is hosting the COP28 climate summit, announced on Friday the establishment of a $30 billion climate fund that aims to attract $250 billion of investment by the end of the decade. Dubbed ALTÉRRA, the fund will allocate $25 billion towards climate strategies and $5 billion specifically to incentivise investment flows into the Global South, according to a statement by the COP28 Presidency. ALTÉRRA has also committed to invest $2 billion into its second Brookfield Global Transition Fund. ALTÉRRA was established by Lunate, a newly set up Abu Dhabi-based alternative investment manager with over $50 billion in assets.
Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Amr Alfiky, Sheikh Mohammed Bin Zayed Al Nahyan, ALTÉRRA, BlackRock, Abu, Sheikh Tahnoon bin Zayed Al Nahyan, William James, Nadine Awadalla, Al Sayegh, Tommy Reggiori Wilkes, Susan Fenton, Sharon Singleton, Miral Organizations: United, United Nations, Change, United Arab Emirates, REUTERS, Rights, BlackRock, TPG, Brookfield Asset Management, Transition, Lunate, Chimera Investment, Reuters, Thomson Locations: United Arab Emirates, Dubai, United Arab, COP28, Brookfield, Abu Dhabi, UAE
“I’ve seen dozens of people killed in accidents or shootings, but this was the hardest thing I’ve done in my life,” Daphna-Tekoah told CNN by telephone. “I asked ‘Would you like me to find out about sperm preservation?’”Medical social worker Shir Daphna-Tekoah suggested the idea of sperm extraction to bereaved families on October 7. “The demand has been very high,” she told CNN in a video call, adding that dozens of families have accessed the service since October 7. It isn’t that they want a baby instead of their son - it’s the grandchild,” she told CNN by telephone. PSR can be the easy part, Rosenblum told CNN.
Persons: Shir Daphna, “ I’ve, , Tekoah, , , Noga Fuchs, Dr, Shimi Barda, Noga, Barda, Shaylee Atary, Atary, Fuchs, Irit Oren Gunders, Irit Rosenblum, Lawyer Irit Rosenblum, Irit Rosenblum Rosenblum, Rosenblum, “ We’ve, ” Rosenblum, “ I’m, ” Yulia, Vlad Poznianski, Baruch, Yulia, Shira, Liat Malka, Baruch Pozniansky, Yulia Pozniansky, she’s, Malka, She’s, won’t, isn’t, Soldiers, ” Israel ‘, Gil Siegal Organizations: CNN, Kaplan, of Health, PSR, Ichilov, Israel Defense Forces, Noga Fuchs, Noga, Israel’s Ministry of Foreign Affairs, Ministry of Health, New, Center for Health Law, Kiryat Ono, Israel, University of Virginia Law School Locations: Tel, Kfar Aza, Gaza, Israel
Yellen will tour a Livent Corp (LTHM.N) facility in Bessemer City, North Carolina, that processes lithium hydroxide, a key ingredient in electric vehicle batteries. The plant near Charlotte is doubling its capacity due to increased demand for electric vehicles spurred by consumer tax credits of up $7,500 approved in the 2022 Inflation Reduction Act. These include $142 billion in EVs and batteries and $71 billion in clean energy manufacturing, and she attributed much of the investment to tax credits in the inflation reduction act. The Biden administration in coming days is expected to release new guidance on the levels of Chinese content that EV batteries can have and still qualify for IRA tax credits. It will take time for this to fade and for people to feel the benefits of higher wages, he added.
Persons: Janet Yellen, Joe Biden, Yellen, Biden, Donald Trump, Larry Sabato, we're, Sabato, David Lawder, Howard Schneider, Chizu Organizations: . Treasury, U.S, Livent Corp, Midwest, EV, University of Virginia's Center, Politics, Thomson Locations: North Carolina, Bessemer City , North Carolina, Charlotte, EVs, Argentina, Canada, U.S
The choice of a leading oil producer, the United Arab Emirates, to host this year’s U.N. climate talks has angered environmental activists. But for the Emirates and other countries both highly dependent on oil and deeply vulnerable to rising temperatures, grappling with climate change is an urgent dilemma for them, too. If the world abandons oil too quickly, the powerful authoritarian state that the Emirati rulers have built in 50 years could crumble as the revenue that finances much of their budget dwindles. It is an extreme example of the choices faced by many other countries as well in a world addicted to fossil fuels. “Our leadership are very future-oriented and already many years ago understood how important it is for us to diversify,” Mariam Almheiri, the Emirati minister of climate change and environment, said in an interview last week.
Persons: ” Mariam Almheiri Organizations: United Arab, Emirates Locations: United Arab Emirates, Emirates
Princess Keisha, an American model and Nigerian royal, recently moved from the UK to Spain. She said she admires Spain's relaxed work culture and family-oriented sense of community. She is married to Prince Kunle, crown prince of the Arugbabuwo ruling house in Nigeria. The model is also impressed with the country's relaxed work culture, although she admits that she initially found it difficult to get used to. Advertisement"In America in particular, working hard, having the best house, the biggest house, and work, work, work, is pretty much the culture," Keisha said.
Persons: Keisha, Brexit, Spain's, , Keisha Omilana, Prince Kunle, Princess Keisha, PATRICK MCMULLAN, Patrick McMullan, Kunle, It's Organizations: Service, Tribeca, Getty, New, Union Locations: American, Spain, Valencia, London, Spanish, Nigeria, New York City, Dubai, Europe
A State Street Global Advisors banner is hung outside the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBOSTON, Nov 29 (Reuters) - State Street's (STT.N) asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareholders to control their proxy voting rights, executives said. The option comes as State Street and rivals move to devolve proxy voting powers to shareholders on matters like director elections or environmental, social and governance (ESG) issues. But even that policy directed some proxy votes to be cast against boards' recommendations on governance questions like executive pay or share structure, said Lori Heinel, global chief investment officer at State Street Global Advisors. State Street Global Advisors manages $3.7 trillion in all.
Persons: Brendan McDermid, Lori Heinel, let's, Ross Kerber, Stephen Coates Organizations: Global Advisors, New York Stock Exchange, REUTERS, Rights BOSTON, Street, Street Global Advisors, Services, ISS, Republican, Thomson Locations: New York, U.S
The new completely AI-generated musician Anna Indiana was met with fierce backlash online. She's Anna Indiana, the first musician whose entire existence — from the image and singing to the music's chord progression, key, tempo, and lyrics — is claimed to have been generated by artificial intelligence, without human involvement. I’m Anna Indiana and I’m an AI singer-songwriter. Everything from the key, tempo, chord progression, melody notes, rhythm, lyrics, and my image and singing, is auto-generated using AI. Indiana's music is middling, but it's not egregiously unlistenable.
Persons: Anna Indiana, , Indiana, Here’s, ines, ong, lew, egan, ike, ould, witter Organizations: Service Locations: uman
Don't listen to the bears: The incredible rally in stocks this month isn't over yet. The Dow and S & P 500 are on track to finish November — ending with Thursday's close — 7% and 8.4% higher, respectively. .SPX ALL mountain Long term look at the S & P 500 index We don't see any reason to curb our enthusiasm for stocks heading into the final month of 2023. With nearly all S & P 500 companies reporting results as of Nov. 17 (the last update from FactSet), 82% beat estimates on earnings while 62% beat on sales. The S & P 500 is bumping up against the highs of the year last reached in July, and the S & P Oscillator came into the week very overbought, a factor prompting us to book some profits and raise some cash.
Persons: Thursday's, Let's, Locker, bullish, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow, Stock Traders, Federal Reserve, Energy, Meta, Adobe Analytics, Mastercard, Adobe, Shoppers, TJX Companies, PCE, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Santa, New York City, U.S
The Way Geert Wilders Won - The New York Times
  + stars: | 2023-11-28 | by ( Paul Tullis | ) www.nytimes.com   time to read: +2 min
“He is a straight talker and tells it like it is,” a 23-year-old Rotterdam waitress told The Guardian. Mr. Wilders has promised to bring down housing prices by building more apartments (as has virtually every other party) and to prioritize Dutch citizens for public housing. Mr. Wilders does not have a record of working well with others; coalitions typically require smaller parties to shave off their more extreme positions, which Mr. Wilders has in the past refused to do. His Party for Freedom hasn’t been in government since 2012 — and the head of the People’s Party for Freedom and Democracy, Dilan Yesilgoz-Zegerius, announced Friday morning she would not join a cabinet with Mr. Wilders. “We have to be more forward-thinking and listen to people everywhere.”Perhaps there is hope yet for the polder model.
Persons: Wilders’s, Wilders, Freedom hasn’t, Dilan, Timmermans, Rob Jetten, Harold Zoet, , Organizations: Guardian, Party, Freedom, People’s Party for Freedom and, Left, Labor, People’s Party for Freedom and Democracy, statehouse Locations: Rotterdam
I had the best Thanksgiving meal of my life at STK Steakhouse, and the trip was totally worth it. AdvertisementWhen my best friend Chris suggested we spend Thanksgiving in Las Vegas, I immediately said yes. Rebecca RadilloBecause Thanksgiving is my favorite holiday, I was on the hunt for the best meal in Vegas. Spending the holiday in Las Vegas was totally worth itI'm glad I flew to Las Vegas instead of spending Thanksgiving by myself. I got to party the night away, eat the best Thanksgiving meal I've ever had, and see some people I love.
Persons: , Chris, who's, Rebecca Radillo, Arts District —, hadn't, Tacotarian's guac, you'd, would've, STK Organizations: Service, Omega, Las Vegas, MGM, Arts District, OneRepublic, Cosmopolitan, Boston Locations: Las Vegas, Vegas, Area, Boston, Las, Tacotarian, New York , New York, STK, Sin City
A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, March 9, 2020. The exporter-heavy FTSE 100 (.FTSE) fell 0.6% touching a two-week low intraday, while the more domestically-oriented FTSE 250 midcap index (.FTMC) also shed 0.6%. Personal goods (.FTNMX402040) led declines among the major FTSE 350 sectors, with Burberry Group (BRBY.L) falling 2.7% after HSBC reduced the stock's price target. Investors will look ahead to UK mortgage data, inflation prints across the eurozone, and a Personal Consumption Expenditures (PCE) report in the U.S. - the Federal Reserve's preferred inflation gauge - later this week. Man Group (EMG.L) fell 3.2% after Morgan Stanley downgraded the hedge fund manager's stock to "Equal-Weight" from "Overweight".
Persons: Toby Melville, inflation's, Andrew Jones, Janus Henderson, Dave Ramsden, Jonathan Haskel, Pearson, Morgan Stanley, Shashwat Chauhan, Sonia Cheema Organizations: London Stock Exchange Group, REUTERS, Royce, Burberry Group, HSBC, PT Pearson, Man, Janus Henderson Investors, Bank of England's, Thomson Locations: City, London, Britain, U.S, Bengaluru
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