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☆ This is still a time to let your winners run, says U.S. Bank’s Eric Freedman
▼ + stars: | 2024-03-12 | 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 EmailThis is still a time to let your winners run, says U.S. Bank’s Eric FreedmanEric Freedman, U.S. Bank Asset Management CIO, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Tuesday.

Persons: Bank’s Eric Freedman Eric Freedman Organizations: Bank Asset Management

☆ Rachel Leviss sues ‘Vanderpump Rules’ costars Tom Sandoval, Ariana Madix for revenge porn and more
▼ + stars: | 2024-02-29 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Former “Vanderpump Rules” cast member Rachel Leviss filed a lawsuit against two of the reality show’s stars, Tom Sandoval and Ariana Madix, over matters stemming from a 2023 scandal. Filed Thursday with the Los Angeles County Superior Court and obtained by CNN, the complaint alleges revenge porn, invasion of privacy, eavesdropping and intentional infliction of emotional distress, and names Sandoval and Madix as the defendants. The affair came to light last March after Madix discovered an intimate video of Leviss on Sandoval’s phone. Leviss left “Vanderpump Rules” after Season 10. Leviss is seeking unspecified compensatory and punitive damages, and requests the defendants destroy and delete the alleged videos.

Persons: Rachel Leviss, Tom Sandoval, Ariana Madix, Sandoval, Madix, Leviss, ” Leviss, ” Bryan Freedman, Mark Geragos, Rachel, ” Organizations: CNN, Los Angeles, Superior Court, Bravo, Leviss, Evolution Media Locations: Leviss, Madix, Los Angeles

☆ Brown Harris Stevens CEO Bess Freedman talks pockets of value in the housing market
▼ + stars: | 2024-02-20 | 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 EmailBrown Harris Stevens CEO Bess Freedman talks pockets of value in the housing marketHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brown Harris Stevens, Bess Freedman, Brian Sullivan, “ Organizations: CNBC

LOS ANGELES (AP) — SoFi Stadium will begin work Monday on renovations to increase the size of its playing field area in preparation for hosting eight matches during the 2026 World Cup. “It's really just changing pre-cast concrete in the corners of the stadium to a more retractable system,” Demoff said Sunday. SoFi also will have a temporary grass field for the World Cup in place of its usual artificial turf. The changes that we will make to the stadium were always contemplated for the World Cup. Although the Los Angeles-area World Cup organizers didn't get the final, only AT&T Stadium in Arlington, Texas, will host more total matches than SoFi.

Persons: — SoFi, Kevin Demoff, “ It's, ” Demoff, “ We'll, ”, Chris Klein, we’re, Stan Kroenke, SoFi, Demoff, didn't, Larry Freedman Organizations: ANGELES, —, Los Angeles Rams, NFL, FIFA, U.S, Copa America, Rams, Arsenal, NBA, Denver Nuggets, CONCACAF, Mexico, SoFi, Los Angeles Chargers, Super, T, men's Locations: Los Angeles, Inglewood, United States, Arlington , Texas, LA, U.S

☆ In El Salvador, self-styled ‘world’s coolest dictator’ Nayib Bukele heads for re-election amid human rights concerns
▼ + stars: | 2024-02-03 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +15 min

Employees of the Supreme Electoral Tribunal load boxes containing electoral material for the presidential and legislative elections at the Electoral Organization Directorate in San Marcos, El Salvador, on February 2, 2024. He adopted Bitcoin as legal tender in El Salvador in 2021 and invited the tech-bros of the world to surf in the Pacific. Under Bukele, El Salvador’s homicide rate has plummeted. So, while El Salvador no longer faces record murder rates, it now boasts the highest incarceration rate in the world. Camilo Freedman/AFP/Getty ImagesA tale of two victimsJackelyne Zelaya does not see the enduring state of emergency as a problem.

Persons: Jocelyn Zelaya, ”, Jackelyne, ” Jackelyne Zelaya, Marcela, Jocelyn, Mara Salvatrucha, Zelaya, “, isn’t, Nayib, Yuri Cortez, Bukele, El, Camilo Freedman, Jackelyne Zelaya, won’t, Maria, tipster, Marvin Reyes, EFE, Guillermo Villatoro, Villatoro, Salvadorean Sandra Hernandez, Jose Dimas Medrano, Stringer, ‘, ’, Ilhan Omar, Samuel Rodriguez of MOVIR, “ Bukele, Daniel Noboa, Latinobarometro, she’s, Maria ’, ” Maria Organizations: CNN, World Bank, El, Employees, Electoral, Getty, FMLN, Civil, Justice Department, Army, “, Congress, Police, National Police, Security Ministry, Human Rights, Democratic, Barrios, Washington DC Locations: San Salvador, Zelaya, El Salvador, American, San Marcos, AFP, America, Latin America, United States, New York, El Salvador’s, Santa Ana, El Rosario, Honduras, WOLA, Washington, Ecuador, El

☆ Travelpro Carry-On review: Our top pick for a soft-sided carry-on has tons of thoughtful extras and plenty of storage
▼ + stars: | 2024-01-26 | by ( Hannah Freedman | Lauren Savoie | Former Associate Travel Editor | ) www.businessinsider.com time to read: +8 min

If you happen to be a fan of soft-sided suitcases, consider the Travelpro Platinum Elite Expandable Carry-On, which I named my top overall soft-side carry-on pick. Plus, it comes with some handy extras that help set it apart, and offers exceptional quality for the price. This bag comes in nine color options: Shadow Black, Intrigue Black (a more textured look), Rich Espresso, Vintage Grey, Bordeaux, True Navy, Metallic Sand, Olive Green, and Coastal Blue. And for extra peace of mind, this suitcase comes with a 100-day trial period and a lifetime warranty against any defects. AdvertisementThe bottom lineFor a high-quality bag that should last you years, the Travelpro Platinum Elite Expandable Carry-On is an excellent option.

Persons: I've, Hannah Freedman, Rich, Olive Green, Travelpro, Briggs Organizations: True Navy, Aviation Administration, FAA, Riley Locations: Grey, Bordeaux

☆ How the A-12 went from the first US supersonic spy plane to inspiring the name of Elon Musk's child
▼ + stars: | 2024-01-13 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Testing in Area 51Entrance to Area 51 TIFOIts development was highly classified, taking place at Area 51 in Nevada and hidden away from Soviet spy satellites. Area 51 workers were provided with rosters of Soviet satellites, detailing when certain ones would fly over the Nevada test site so they could conceal the prototypes. "It was like a bus schedule, and it even told us whether it was an infrared satellite or what type it was," TD Barnes, a former hypersonic flight specialist at Area 51, told National Geographic in 2011. In addition to the sheds, workers also crafted decoy prototypes out of cardboard and other materials to cast shadows and deceive the satellites. At least one of the A-12's numerous test flights didn't go according to plan, crashing in the desert outside Area 51.

Persons: TD Barnes, Jim Freedman Organizations: Soviet, Geographic Locations: Nevada, Soviet

☆ Brown Harris Stevens CEO Bess Freedman on luxury real estate forecast in 2024
▼ + stars: | 2024-01-03 | 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 EmailBrown Harris Stevens CEO Bess Freedman on luxury real estate forecast in 2024Bess Freedman, Brown Harris Stevens CEO, joins 'Squawk Box' to discuss the luxury real estate market, what to expect in 2024, and more.

Persons: Brown Harris Stevens, Bess Freedman

☆ A Stressful World Drives the Return of Zodiac Jewelry
▼ + stars: | 2023-11-17 | by ( Jill Newman | ) www.nytimes.com time to read: +1 min

Perhaps the most famous are the bold gold zodiac medallions the house introduced in the 1950s and again in the 1970s. Those vintage pieces are in high demand again, along with its latest series of statement-making hard stone and gold pendants carved with the signs of the zodiac. It’s a sign of the times: Designers and retailers say zodiac symbols are now among the most popular modern jewelry talismans. During these tumultuous times, more people are turning to jewelry with meaning and pieces that are personal and lasting, said Briony Raymond, a fine jewelry designer in New York who offers both vintage astrological pieces and her own designs. “These talismanic jewels can be comforting and put things in the context of the bigger universe,” she said.

Persons: David Webb, Briony Raymond, ”, Laura Freedman Locations: New York, Santa Monica, Calif

☆ A beginner's guide to investing in art — that won't break the bank
▼ + stars: | 2023-11-09 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Will Ramsay, founder and CEO of the Affordable Art Fair, which puts on exhibits worldwide, said collecting art is easier than people might think. However, contemporary art is likely to increase in value over the long term, Diament said. There's also a satisfaction in buying something from a living artist, Diament said. "Some people like color, other people like to focus on drawings without color … you have people who collect just one artist," Taylor said. Provenance — which refers to the history and ownership of a piece — is often an important consideration when buying art.

Persons: Nicholas Bowlby, Puja Bhatia, You've, Karen Taylor, Taylor, Maria Artool, Will Ramsay, Robert Diament, Diament, you'll, Tracey Emin, Carlotta Cardana, There's, Knight Frank, Knight, Ramsay, Eileen Agar, Jeff Spicer, George Romney, Voltaire, Magda Archer, Ella Kruglyanskaya, Carl Freedman, Benjamin Senior, Richard Parkes Bonington, Judith Burrows, he'd, It's, Artool, Isabelle Paagman, Sotheby's, Paagman, Shepard Fairey Organizations: CNBC, Fair, of, Bloomberg, Getty, Knight, Investment, Art Market Research, Whitechapel Gallery, Art, San, Wallace Locations: London, U.K, British, Austin, Berlin, Brisbane, Latvian, Britain, Venice, American, Europe, Italy, Paris, France

☆ Ohio just legalized cannabis. Now comes the hard part
▼ + stars: | 2023-11-09 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Ohio voters’ approval of a legalization measure on Tuesday comes just months after cannabis saw some of its most significant movements at the federal level. “I honestly think it will have massive reverberating effects on what Congress has to do about this.”More than two-thirds of US states have legalized cannabis in some capacity: 38 states have approved comprehensive medical cannabis programs, and Ohio brings the recreational total to 24 states. Joshua A. Bickel/APExisting medical cannabis dispensaries will have the opportunity to be grandfathered in and have first crack at licenses, but municipalities can decide whether to allow sales. “In 2018, Michigan fully legalized cannabis, set a relatively low tax rate and my perception is it’s been a fairly successful industry there.”Michigan’s cannabis sales hit a record $276 million in July, a time when industry members there and beyond have struggled. Marijuana buds ready for harvest rest on a plant at AT-CPC of Ohio, Monday, Jan. 28, 2019, in Akron, Ohio.

Persons: Andrew Freedman, ”, “ It’s, ” Freedman, “, pollster Gallup, ‘, Nick Lachey, Joshua A . Bickel, Mike DeWine, Freedman, Douglas Berman, ” Berman, It’s, Irina Dashevsky, Marder, Tony Dejak, Dashevsky, we’ve, hasn’t, Ariane Kirkpatrick, Amonica Davis, ” Kirkpatrick Organizations: Minneapolis CNN, Buckeye, US Department of Health, Human Services, Forbes Tate, Coalition for Cannabis Policy, CNN, Republican, Drug Enforcement, Center, The Ohio State University’s Moritz College of Law, Industry, Buckeyes, CPC, Ohio, AP Companies, Enforcement Locations: Minneapolis, Minneapolis CNN — Ohio, Ohio, As Ohio, Missouri, Cincinnati, Michigan, Akron , Ohio, United States

☆ Without A Fight wins Melbourne Cup to hand jockey Mark Zahra consecutive victories
▼ + stars: | 2023-11-07 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Without A Fight stormed to victory at this year’s Melbourne Cup on Tuesday, handing jockey Mark Zahra consecutive wins in Australia’s most prestigious horse race. “It’s amazing to do it once, but to do it again on a different horse, back-to-back, my feet haven’t touched the ground yet,” Zahra told Sky Sports Racing after the famous win. Gold Trip, the horse Zahra won on last year, was also entered into this year’s race, but the jockey opted instead to ride Without A Fight. Zahra is the first jockey to win consecutive Melbourne Cups since Glen Boss rode Makybe Diva to three straight wins between 2003 and 2005. Winning trainer Sam Freedman, whose family has a rich and successful history in the sport, praised Zahra for an “extraordinary ride” but also credited his father for helping him train a Melbourne Cup winner.

Persons: Mark Zahra, Zahra, Anthony, Sam Freedman, “, ” Zahra, Sheraz, Vauban, Quinn Rooney, flack, ”, Racing.com, Glen Boss, he’s, ” Freedman Organizations: CNN, Melbourne, Flemington Racecourse, Sky Sports Racing Locations: Australia’s, Soulcombe, Zahra

☆ Without A Fight wins Melbourne Cup as jockey Zahra triumphs again
▼ + stars: | 2023-11-07 | by ( Ian Ransom | ) www.reuters.com time to read: +4 min

[1/3] Horse Racing - Melbourne Cup - Flemington Racecourse, Melbourne, Australia - November 7, 2023 Jockey Mark Zahra reacts after riding Without A Fight to victory in race 7, the 2023 Melbourne Cup, during Melbourne Cup Day Joel Carrett/AAP Image via REUTERS Acquire Licensing RightsMELBOURNE, Nov 7 (Reuters) - Without A Fight won the 163rd running of the Melbourne Cup at Flemington Racecourse on Tuesday, with jockey Mark Zahra celebrating back-to-back triumphs in Australia's most prestigious race. Zahra became the first jockey to win back-to-back Melbourne Cups since Glen Boss rode Makybe Diva to a hat-trick of wins from 2003-05. Gold Trip, carrying the top weight of 58.5kg on a firm track, slumped to 17th under replacement jockey James McDonald. 'EXTRAORDINARY RIDE'Prepared by British duo Simon and Ed Crisford, Without A Fight ran 13th in last year's Melbourne Cup. Three-times Melbourne Cup-winning jockey Damien Oliver rode Alenquer to 21st in his final Melbourne Cup, the gelding cleared by stewards in the morning after reported for foot bruising.

Persons: Mark Zahra, Joel Carrett, Zahra, Anthony, Sam Freedman, I'm, He's, Glen Boss, Maher, David Eustace, James McDonald, Simon, Ed Crisford, hinds, Anthony's, Lee Freedman, It's, it's, Chris Waller, Vauban, Ireland's Willie Mullins, Damien Oliver, Alenquer, Eustace, Kris Lees, Cleveland, Ian Ransom, Peter Rutherford Organizations: Melbourne, Flemington, REUTERS Acquire, Rights MELBOURNE, Caulfield, Stewards, Thomson Locations: Melbourne, Australia, Australia's

☆ Fact Check: US Treasury Secretary Janet Yellen was not convicted of treason
▼ + stars: | 2023-11-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen was not convicted of treason in October, despite an article circulating online making the claim. The article falsely claims that Yellen was convicted at a military tribunal held on Oct. 16. Reuters previously addressed the false claim published by Real Raw News in September that Yellen was arrested for treason. All available emails on Real Raw News’ website bounced back when attempting to reach for comment. U.S. Treasury Secretary Janet Yellen was not convicted of treason.

Persons: Janet Yellen, “, ”, Yellen, ” Yellen, Susan Rice, Read Organizations: Treasury, Real Raw, Corps, JAG, Army, Facebook, U.S . Court, Public, Marine, Reuters, Freedman's, U.S . Department of Treasury, Bloomberg, Real Raw News, National Security, U.S . Army, Thomson Locations: U.S

☆ Bess Freedman opens the door to some 'A-List' real estate listings hitting the market
▼ + stars: | 2023-10-31 | 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 EmailBess Freedman opens the door to some 'A-List' real estate listings hitting the marketHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bess Freedman, Brian Sullivan, “ Organizations: CNBC

☆ Biden officials set $3 bln bank deposit, procurement goals to boost minority firms
▼ + stars: | 2023-10-25 | by ( David Lawder | ) www.reuters.com time to read: +3 min

U.S. Vice President Kamala Harris delivers remarks during the Congressional Black Caucus Foundation Phoenix Awards Dinner at the Walter E. Washington Convention Center in Washington, U.S., September 23, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The Biden administration on Wednesday urged big companies to deposit another $2 billion into U.S. community lenders to boost loans to minority and underserved businesses, and asked them to devote 15% of their procurement budgets to such firms. Alphabet Inc's Google (GOOGL.O) will commit to spending at least $1 billion annually with "diverse-owned suppliers" in the United States, the Treasury said. The Treasury had previously invested nearly $9 billion into Community Development Financial Institutions (CDFIs) and minority-owned banking firms to make more capital available to minority firms. "In order for these minority owned banks and CDFIs to lend that money, they need deposits," Deputy Treasury Secretary Wally Adeyemo told reporters.

Persons: Kamala Harris, Walter E, Elizabeth Frantz, Biden, Harris, Wally Adeyemo, David Lawder, Sonali Paul Organizations: Congressional Black Caucus Foundation, Washington Convention Center, REUTERS, Rights, Wednesday, Micron Technology, Air Products, Xcel Energy, Treasury Department, Treasury, Freedman's Bank, Community Development Financial, Management, Internal Revenue Service, Thomson Locations: Washington , U.S, United States

☆ NYC's controversial brokerage fees under scrutiny
▼ + stars: | 2023-10-23 | 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 EmailNYC's controversial brokerage fees under scrutinyCNBC's Robert Frank and Bess Freedman, Brown Harris Stevens CEO, join 'Power Lunch' to discuss New York City's planned changes to the real estate market.

Persons: Robert Frank, Bess Freedman, Brown Harris Stevens, New York City's Locations: New York

☆ Putin's plan to wear down support for Ukraine in a war of attrition seems to be working, though it's not risk-free
▼ + stars: | 2023-10-06 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Putin is seeking to wear down Western support for Ukraine with a war of attrition. AdvertisementAdvertisementAt the Valdai Club conference Thursday, Russian President Vladimir Putin gloated over the potential impact of Western support for Ukraine ebbing. Meanwhile, Ukraine's economy is struggling under the weight of the conflict and it is heavily dependent on Western aid. Wagner fighters deployed in Rostov-on-Don REUTERS/StringerPutin faces threats of his ownBut there are also risks for Putin in an attrition strategy. AdvertisementAdvertisementA notable series of successes could lead to a new wave of public support for Ukraine, and damage Putin's internal credibility.

Persons: Putin, —, Vladimir Putin gloated, Kevin McCarthy, Joe Biden's, George Beebe, Beebe, Wagner, Don, Stringer Putin, –, Lawrence Freedman, Yevgeny Prigozhin Organizations: Ukraine, Putin, Service, Valdai, Republicans, Don REUTERS, King's College London, New Statesman Locations: Ukraine, Slovakia, Germany, Russia, Kyiv, Europe, Rostov, Russian, —, Moscow, Lviv

(Reuters) - The S&P 500 ended lower on Friday as investors digested implications of a U.S. inflation report for the Federal Reserve’s interest rate policy and adjusted their portfolios on the last day of a weak third quarter for stocks. REUTERS/Brendan McDermid/File PhotoThe benchmark S&P 500 also posted its biggest monthly percentage drop of the year. The data revealed a “better than expected but still elevated inflation picture,” said Eric Freedman, chief investment officer at U.S. Bank Asset Management. Meanwhile, Freedman said, “we are at quarter end, and with quarter end comes all sorts of activities across both the stock and bond markets.”According to preliminary data, the S&P 500 lost 11.37 points, or 0.26%, to end at 4,288.33 points, while the Nasdaq Composite gained 18.05 points, or 0.18%, to 13,224.52. Among S&P 500 sectors, energy and financials declined sharply.

Persons: Brendan McDermid, ”, Eric Freedman, Freedman, ” Freedman, Paul Nolte, Murphy, Morgan Organizations: Reuters, New York Stock Exchange, REUTERS, Data, Fed, U.S, Bank Asset Management, Nasdaq, Dow Jones, Energy, “ Energy, Equity, Sylvest Wealth Management, Investors, Republicans, U.S . House, Traders, Nike Locations: U.S, New York City, Washington

☆ When mortgage rates start to fall housing prices will follow: Brown Harris Stevens CEO Bess Freedman
▼ + stars: | 2023-09-18 | 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 EmailWhen mortgage rates start to fall housing prices will follow: Brown Harris Stevens CEO Bess FreedmanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brown Harris Stevens, Bess Freedman, Brian Sullivan, “ Organizations: CNBC

☆ Mortgage rates aren't going down until next year, says Brown Harris Stevens CEO Bess Freedman
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMortgage rates aren't going down until next year, says Brown Harris Stevens CEO Bess FreedmanBess Freedman, Brown Harris Stevens CEO, joins 'Power Lunch' to discuss the real estate market, the rise of mortgage rates and the health of the housing market.

Persons: Brown Harris Stevens, Bess Freedman Bess Freedman

☆ What mortgage rates over 7% mean for the housing market
▼ + stars: | 2023-08-20 | by ( Anna Bahney | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —An already miserably unaffordable housing market is getting more expensive. As mortgage rates top 7% — the highest they’ve been in 21 years according to Freddie Mac — home buyers face ballooning costs. “The fact that we are seeing rates at these highs is having an impact on the housing market,” Freedman said. “That’s bad news for mortgage rates which correspondingly may rise to 8%,” he said. “We thought mortgage rates would be much lower by now,” she said.

Persons: Freddie Mac, “, ”, Bess Freedman, Brown Harris Stevens, Freedman, ” Freedman, Buyers, ” Lawrence Yun, Yun, Jessica Lautz, we’d, Melissa Cohn, Cohn, “ Banks, ” Cohn Organizations: DC CNN, Federal, National Association of Realtors, NAR, “, Fed, William, Mortgage, ” Fed, Treasury Locations: Washington

☆ Ukraine is figuring out how to destroy the Ka-52 helicopters and mobile artillery holding back its offensive, expert says
▼ + stars: | 2023-08-17 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine is picking off Russia's Ka-52 helicopters and self-propelled artillery, an expert said. Nico Lange, a Ukraine expert at the Munich Security Conference, said Ukraine's counteroffensive, which began in June, had started to make more progress in the last two weeks. And that number does not include two Ka-52 helicopters that Ukraine said it shot down on Thursday morning. Oryx also records 350 destroyed pieces of Russian self-propelled artillery, with 29 more damaged, seven abandoned, and 10 captured. But Lawrence Freedman, a war expert at the UK's King's College London, told The Economist that Ukraine is making progress.

Persons: Nico Lange, Russia's, Insider's Rebecca Rommen, Oleksii Reznikov, Volodymyr Zelenskyy, Lawrence Freedman Organizations: Service, Munich Security, UK Ministry of Defence, NATO, Kremlin, King's College London, Economist Locations: Ukraine, Russian, Wall, Silicon, Russia, Zaporizhzhia, Kyiv

☆ Wall St Week Ahead Sluggish US earnings may need pick-me-up to support 2023 stock rally
▼ + stars: | 2023-08-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. The S&P 500 (.SPX) has edged higher since earnings season began in July, with the benchmark index up 16% in 2023. Third-quarter S&P 500 earnings are seen rising 1.3% on a year-over-year basis, according to Refinitiv, before a 9.7% fourth-quarter earnings rise and a 11.9% full-year increase in 2024. Reuters Graphics Reuters GraphicsMeanwhile, the S&P 500 has become more richly valued. Q2 RESULTSWith 91% of S&P 500 companies having reported second-quarter results, 78.7% posted earnings above analysts' expectations, according to Refinitiv IBES.

Persons: Mike Segar, Eric Freedman, Refinitiv, Anthony Saglimbene, Julian Emanuel, Evercore, Emanuel, John Lynch, Ned Davis, Comerica's Lynch, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: Wall, New York Stock Exchange, REUTERS, Stock, U.S, Bank Asset Management, Reuters Graphics Reuters, Credit Suisse, Ameriprise Financial, Comerica Wealth Management, Apple, Walmart, Ned Davis Research, Thomson Locations: Manhattan, New York City , New York, U.S

Brent crude futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 37 cents, or 0.5%, to settle at $83.19. The IEA estimated that global oil demand hit a record 103 million barrels per day in June and could scale another peak this month. Meanwhile, output cuts from Saudi Arabia and Russia set the stage for a sharp decline in inventories over the rest of 2023, which IEA said could drive oil prices even higher. On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) said it expects global oil demand to rise by 2.44 million bpd this year, unchanged from its previous forecast. The steady oil rig count indicates U.S. producers are maintaining discipline about drilling and exploration, said Eric Freedman, Chief Investment Officer at U.S. Bank Asset Management.

Persons: Dado, Brent, Baker Hughes, Craig Erlam, WTI, Eric Freedman, Shariq Khan, Ahmad Ghaddar, Andrew Hayley, Elaine Hardcastle, Marguerita Choy, Cynthia Osterman, David Gregorio Our Organizations: REUTERS, International Energy Agency, Brent, U.S, West Texas, IEA, Organization of, Petroleum, Federal Reserve, Bank Asset Management, Thomson Locations: Baker Hughes BENGALURU, Saudi Arabia, Russia, Ukraine, U.S, China, June's

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