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☆ Iceland volcano erupts for the seventh time in a year
▼ + stars: | 2024-11-21 | by ( Kathy Rose Obrien | ) edition.cnn.com time to read: +2 min

CNN —A volcano near Iceland’s capital erupted on Wednesday night, becoming the seventh such event in the area since December. The length of the fissure on the volcano, located in Iceland’s Reykjanes Peninsula in the southwest of the country, is estimated to be approximately 3 kilometers (1.9 miles), according to the Icelandic Met Office. A new volcanic eruption that started on the Reykjanes Peninsula in Iceland, Wednesday, Nov.20, 2024. A geothermal power plant and the two hotels at the world-famous Blue Lagoon were evacuated. The Blue Lagoon has been repeatedly forced to close due to volcanic activity over the past year.

Persons: Marco di Marco, Snorri Valsson Organizations: CNN, Icelandic Met Office, AP, Icelandic Tourist Board Locations: Iceland’s, Iceland’s Reykjanes, Iceland, Grindavík, Reykjanes, North America, Europe

☆ Marjorie Taylor Greene Will Lead New ‘DOGE’ Panel on Government Efficiency
▼ + stars: | 2024-11-21 | by ( Annie Karni | More About Annie Karni | ) www.nytimes.com time to read: 1 min

When she arrived in Congress in 2021, Representative Marjorie Taylor Greene, Republican of Georgia, was quickly stripped of her two committee assignments by Democrats and shunned by her colleagues on Capitol Hill. Almost three years later, Ms. Greene is poised to hold a gavel for the first time, a sign of the ascendancy of the MAGA wing of the G.O.P. in Congress, where President-elect Donald J. Trump’s most loyal allies will occupy prominent posts next year. Representative James Comer of Kentucky, chairman of the House Oversight Committee, is planning to create a new subcommittee to partner with Elon Musk and Vivek Ramaswamy to “eliminate government waste.” The committee, which has yet to be created, will work with the new Department of Government Efficiency, known as “DOGE,” and leading Republicans have agreed to allow Ms. Greene to serve as its chairwoman.

Persons: Marjorie Taylor Greene, Greene, Donald J, James Comer of, Elon Musk, Vivek Ramaswamy, ” Organizations: Republican, Capitol, Department of Government Locations: Georgia, Congress

☆ A decades-old cassette revealed an unreleased Luther Vandross’ cover of a Beatles’ classic. Watch the music video
▼ + stars: | 2024-11-21 | by ( Wesli Jones | ) edition.cnn.com time to read: +1 min

CNN —A musical gem was recently uncovered from the vaults of the Luther Vandross Estate — a soulful, never-before-heard rendition of The Beatles’ song “Michelle.”The cassette tape was simply labeled June 1, 1989. On Thursday, a new music video of Vandross’ rendition of “Michelle” is set to debut on YouTube. This discovery adds to a catalog of musical milestones that solidified Vandross as an R&B genre-defining artist. The Beatles’ “Michelle,” written by John Lennon and Paul McCartney, won the Grammy for song of the year in 1967. His life and entertainment career are celebrated in the upcoming CNN film “Luther: Never Too Much,” directed Dawn Porter.

Persons: Luther Vandross, Michelle, ”, Vandross, “ Michelle ”, Vandross ’, Fonzi Thornton, Dionne Warwick, David Bowie, Aretha Franklin, Mariah Carey, Michelle ”, Darrin James, Lee’s, “ Michelle, John Lennon, Paul McCartney, “, ” Thornton, “ Luther, Dawn Porter Organizations: CNN, YouTube, French, Sony Music

☆ Nvidia reversal moves whole stock market higher, proving again its unprecedented influence
▼ + stars: | 2024-11-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

There's no denying how important Nvidia is to the stock market. Stock futures followed Nvidia's lead, riding slight losses at the time. In that time, stock futures recovered their earlier losses and were last up around 0.5%. Many firms lifted their price targets on the chipmaker, including Citi, Wells Fargo and Bernstein . Elsewhere Thursday morning on Wall Street, Wells Fargo initiated GE Vernova as overweight, citing growing power demand from artificial intelligence.

Persons: Nvidia's, Wells Fargo, Bernstein Organizations: Nvidia, Barclays, Bank of America, Citi, GE Vernova Locations: Wells Fargo

☆ New N.Y.P.D. Boss Takes Over a Department With ‘Phenomenal Problems’
▼ + stars: | 2024-11-21 | by ( Maria Cramer | Hurubie Meko | ) www.nytimes.com time to read: +1 min

Jessica Tisch will confront a crushing list of problems as soon as she returns to the New York Police Department next week. Crime is inching down, but assaults and rapes have jumped and New Yorkers remain nervous about random attacks. Welcome back, Ms. Tisch. On Monday, Ms. Tisch, the city’s head of sanitation, will be sworn in as the 48th commissioner in the Police Department’s history and its second female leader. The question is whether Ms. Tisch — who has three degrees from Harvard, has never walked a beat and comes from a family worth $10.1 billion, according to Forbes — can bring the change many say is desperately needed.

Persons: Jessica Tisch, Tisch, Tisch —, Forbes Organizations: New York Police Department, New, Police, Harvard

☆ Goldman's hedge fund stock list is up 30% this year. Here's what's in it
▼ + stars: | 2024-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs' list of top-performing longs in hedge funds has seen outsized gains in 2024, a sign that moves made by these firms have paid off this year. The bank's so-called very important positions, or "VIP," list has climbed about 30% year to date. Goldman strategist Ben Snider noted that hedge funds shifted somewhat to cyclical industrials from defensives in the third quarter, allowing them to benefit from the postelection rally. Goldman has a running list of its very important stock picks within hedge fund long holdings. However, most analysts surveyed by LSEG rate the stock a buy or strong buy, consensus price targets suggests shares may drop more than 23%.

Persons: Goldman Sachs, Goldman, Ben Snider, Snider, Mike Tyson, Jake Paul, AppLovin, Piper Sandler, James Callahan, Eli Lilly, Donald Trump, Robert F, Kennedy, Jr Organizations: China ADR, Netflix, Department of Health, Human Services, LSEG Locations: defensives, China

☆ I moved from the US to Rome for a slower pace of life, but after 7 years I've realized there are some Italian ways I'll never fully adjust to
▼ + stars: | 2024-11-21 | by ( ) www.businessinsider.com time to read: +5 min

I moved to Italy in my 20s after a summer study abroad in Rome during my senior year of college. The most shocking cultural differences are the little things in daily lifeA big part of the "la dolce vita" concept is that life moves slower. Italy isn't as "online" as the US, so you're better off going to a place in person rather than trying to call or email. AdvertisementThe traditional Italian home, which is pretty tiny, isn't designed for people to spend a lot of time there. Seeing the way Italians live, though, has left me in awe of the typical American home, decorated to personal taste with private green space.

Persons: I'm, it's, I've Organizations: KFC, Google Locations: Italy, Rome, United States, America, —, Missouri

President-elect Donald J. Trump said on Thursday that he would nominate Pam Bondi to be attorney general, turning to a longtime loyalist who served as state attorney general in Florida to put his stamp on a Justice Department that he sees as politically hostile to him. Mr. Trump announced her selection hours after his first choice, Matt Gaetz, withdrew from consideration amid a growing consensus that he could not be confirmed by the Senate because of allegations that he had taken part in drug-fueled sex parties. Mr. Trump has been keen to install a close ally to head the Justice Department, which he has vowed to purge of what he calls “deep state” foes — suggesting an end to a longstanding practice of Justice Department criminal investigations operating independent of White House direction or interference. Ms. Bondi, 59, served on Mr. Trump’s legal team during his first impeachment and currently leads the legal arm of the America First Policy Institute, a right-wing think tank that has kept close ties to Mr. Trump’s transition team. Ms. Bondi oversaw the filing of voting-related lawsuits in battleground states.

Persons: Donald J, Trump, Pam Bondi, Matt Gaetz, Bondi Organizations: Justice Department, America, Policy Institute Locations: Florida, Bondi

☆ They relocated to Spain six years ago. Now this couple say they’d be ‘very depressed’ if they ever had to move back to the United States
▼ + stars: | 2024-11-20 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

Starting overThe couple, pictured at a friend's party in Malaga, also considered moving to Singapore, but decided on Spain due to its closer proximity to the United States. Gail and Greg WarnerThey’d originally planned to leave the United States in December 2018. The couple quickly put their Florida home on the market and set about winding down their lives in the United States. Now that they’ve lived outside of the US for so long, the couple say they can’t imagine ever moving back, and feel as though they were often on a “hamster wheel” before. Just go with it.’”Gail and Greg couldn’t be happier with their new lives, but the couple do have one regret about leaving the United States and starting over in Spain.

Persons: Gail, Greg Warner, they’re, ’ ”, Beau, Gail Warner “, ”, Greg, who’ve, ” Greg, “, ” “ We’d, Greg Warner They’d, Guess I’m, I’ve, ” Gail, she’d, ’ ” Greg, he’s, Sergio, they’ve, “ I’m, Betty Rivas “, United States “, ’ ” Gail, Greg couldn’t Organizations: CNN, EU, “, Malaga City Locations: United States, Florida, Chicago, Singapore, Spain, Europe, Spanish, Valencia, Indiana, Malaga, Canada, France, States, Costa del Sol, Southern Spain, Andalucía, Slovenia

VIENTIANE, Laos — Women and racial diversity are vital to the strength of U.S. armed forces, outgoing Defense Secretary Lloyd Austin said in an exclusive interview with NBC News as he prepares to shortly exit the top military post after four years. “I would tell you that, you know, our women are the finest troops in the world. Our military is going to remain a diverse military," Austin said. Austin did not weigh in on what he thinks about Trump's choice of Hegseth to lead the Department of Defense. Austin, a four-star general who was previously commander of U.S. Central Command, was appointed as Secretary of Defense by President Joe Biden and was sworn in on Jan. 22, 2021.

Persons: Lloyd Austin, “, ” Austin, Donald Trump’s, Pete Hegseth, Hegseth, ”, Austin, Trump, Biden, Vladimir Putin, —, we've, Joe Biden, Lester Holt Organizations: NBC News, Defense, Army National Guard, Pentagon, Senate, Republicans, Department of Defense, ., Korean, U.S . Central Command, NBC Locations: VIENTIANE, Laos, Iraq, Afghanistan, United States, Ukraine, Russia, U.S, Russia's Kursk, Jan

WASHINGTON — Members of the House Ethics Committee will meet behind closed doors Wednesday afternoon to discuss whether to publicly release a report detailing their sweeping investigation into former Rep. Matt Gaetz, President-elect Donald Trump’s pick for attorney general. Several Republicans and Democrats in the Senate have said they want to review the House report before a Judiciary Committee confirmation hearing for Gaetz next year. She argued that there is precedent for the Ethics Committee to publish reports after members of Congress have resigned. If the committee declines to make the Gaetz report public, any House member can try to force a vote to release it. In September 1996, House Democrats tried to force the Ethics Committee to release a report from an outside counsel about its investigation of then-Speaker Newt Gingrich, R-Ga.

Persons: Matt Gaetz, Donald Trump’s, Gaetz, Mike Johnson, Trump, “ I’ve, ” Johnson, “ Matt Gaetz, —, Michael Guest, Susan Wild, Joel Leppard, Leppard, ”, JD Vance, Pete Hegseth, Bill Boner, Boner, Boner’s, Buz Lukens, Newt Gingrich Organizations: WASHINGTON, Republicans, Democrats, Justice Department, NBC News, Trump, Capitol, Cabinet, Senate, Congress, “, Committee Locations: Florida, Nashville, Ohio

An NYPD officer and another woman were shot in Queens by an armed robbery suspect who was believed to be responsible for multiple robberies within the span of just about an hour, according to police. As police searched for the suspect, officers were flagged down by a witness who pointed out a man on Jamaica Avenue and 160th Street. The witness told police the man had just robbed a smoke shop on Guy Brewer Boulevard, and fired a shot while doing so, according to NYPD Chief of Detectives Joe Kenny. After being ordered to drop his weapon, the suspect fired once, hitting Officer Rich Wong in the thigh, Kenny said at a press conference from the hospital. Worthy, who had been arrested for seven crimes since 2001, was also wanted for three other robberies at gunpoint, according to police.

Persons: Guy Brewer, Joe Kenny, Rich Wong, Kenny, Wong, Gary Worthy, Eric Adams, Worth, Worthy Organizations: NYPD, Jamaica Hospital Locations: Queens, Hillside, Jamaica

☆ US Proposes Forcing Google to Sell Chrome to Fix Search Monopoly
▼ + stars: | 2024-11-20 | by ( David Mccabe | ) www.nytimes.com time to read: +1 min

The request follows a landmark ruling in August by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search. Judge Mehta asked the Justice Department and the states that brought the antitrust case to submit solutions by the end of Wednesday to correct the search monopoly. Beyond the sale of Chrome, the government asked Judge Mehta to give Google a choice: either sell Android, its smartphone operating system, or bar Google from making its services mandatory on phones that use Android to operate. If Google broke those terms, or the remedies failed to improve competition, the government could force the company to sell Android at a later date. Google should also be required by the court to allow rival search engines to display the company’s results and access its data for a decade, the government said.

Persons: Judge Amit P, Mehta, Judge Mehta Organizations: Justice Department, Google, U.S, District of, Chrome, Apple Locations: District of Columbia

☆ U.S. Plans to Propose Breakup of Google to Fix Search Monopoly
▼ + stars: | 2024-11-20 | by ( David Mccabe | ) www.nytimes.com time to read: +1 min

The request would follow a landmark ruling in August by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search. Judge Mehta asked the Justice Department and the states that brought the antitrust case to submit solutions by the end of Wednesday to correct the search monopoly. Beyond the sale of Chrome, the government is set to ask Judge Mehta to bar Google from entering into paid agreements with Apple and others to be the automatic search engine on smartphones and in browsers, the people said. The proposals would likely be the most significant remedies to be requested in a tech antitrust case since the Justice Department asked to break up Microsoft in 2000. If Judge Mehta adopts the proposals, they will set the tone for a string of other antitrust cases that challenge the dominance of tech behemoths including Apple, Amazon and Meta.

Persons: Judge Amit P, Mehta, Judge Mehta Organizations: Justice Department, Google, U.S, District of, Chrome, Apple, Microsoft, Meta Locations: District of Columbia

☆ Begich Defeats Peltola in Alaska, Flipping House Seat for Republicans
▼ + stars: | 2024-11-20 | by ( Maya C. Miller | More About Maya C. Miller | ) www.nytimes.com time to read: +1 min

Nick Begich III, the Republican son of a prominent liberal political family in Alaska, has defeated Representative Mary Peltola to win the state’s sole House seat, according to The Associated Press, ousting one of the nation’s most vulnerable Democrats and adding to Republicans’ slim House majority. This time, Mr. Begich benefited from a G.O.P. Ms. Peltola, the first Alaska Native elected to Congress, staked her campaign on her working-class appeal and presented herself as a solutions-focused pragmatist fighting for the state’s future. Before Ms. Peltola, the last Democrat to represent Alaska in the House was Nick Begich Sr., Mr. Begich’s grandfather. Former Young aides called Mr. Begich deceitful and disloyal to their boss and chose to back Ms. Peltola instead.

Persons: Nick Begich III, Mary Peltola, Begich, Peltola, Sarah Palin, Don Young, Nick Begich, Begich’s, Young, Young’s Organizations: Associated Press, ’, Caucus, Republicans, Alaska, Republican, Congress, Mr Locations: Republican, Alaska, Anchorage

☆ Lady Gaga, Post Malone and Green Day set to headline the 2025 Coachella fest
▼ + stars: | 2024-11-20 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Lady Gaga is returning to the desert to mark her second appearance as the headliner for Southern California’s signature Coachella Valley Music and Arts Festival. The Oscar-winner was announced as one of the three top headliners on Wednesday, according to the festival’s website, with Green Day and Post Malone rounding out the trio. Gaga will be the Friday headliner at the two-weekend fest, with Green Day headlining on Saturday and Malone serving as the Sunday headlining act. Rapper Travis Scott will also be appearing at the festival to perform a career retrospective set, according to Goldenvoice, the festival’s organizer. Gaga notoriously headlined the music festival in 2017 after Beyoncé – then pregnant with her twins Sir and Rumi – dropped out as that year’s original headliner, per doctor’s orders.

Persons: Gaga, Malone, Travis Scott, Goldenvoice, Charli XCX, Missy Elliot, Megan Thee Stallion, Benson Boone, Lisa, Shaboozey, Beyoncé –, Rumi –, Beyoncé, “, ”, Presale Organizations: CNN, Southern, Music, Arts Festival, Green, Polo Club – Locations: Indio’s

☆ Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy's playbook
▼ + stars: | 2024-11-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. "This new treasury strategy is a finance strategy and has no impact on our overarching drug development plans." On an X spaces event Tuesday evening, MicroStrategy Chairman and bitcoin evangelist Michael Saylor said he plans to pitch the board of Microsoft in December on his bitcoin treasury strategy. The theme has broadened to the government level this year, with Sen. Cynthia Lummis proposing a national strategic bitcoin reserve this summer. President-elect Trump similarly made mention of a potential national bitcoin stockpile in the same week.

Persons: David P, Luci, MicroStrategy, Donald Trump's, Michael Saylor, Sen, Cynthia Lummis, Trump Organizations: Acurx Pharmaceuticals, Semler, Microsoft Locations: bitcoin

☆ She worked at some of Singapore's top Michelin restaurants. Now, she runs a fine-dining place out of her public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants, like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Mok, Aditi Bharade, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Singapore, Hokkaido

Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?

Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait

☆ Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"

Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, —, Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York

The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Product revenue, at $900.3 million, represented around 96% of total revenue. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. Snowflake had 10,618 customers at the end of October, having added 369 in the fiscal third quarter.

Persons: Snowflake, StreetAccount, Snowflake's, we've, Jefferies Brent Thill Organizations: New York Stock Exchange, Anthropic

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Microsoft, Robinhood, Amazon, Dell, Chewy & more
▼ + stars: | 2024-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "We see more upside potential and are moving up our target price to $51 from $30. Pivotal reiterates Netflix as buy Pivotal raised its price target on Netflix to a Street high $1,100 from $925. Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by the stock following the company's Ignite Conference in Chicago on Tuesday. Citi downgrades Target to neutral from buy The firm downgraded the stock following earnings on Wednesday morning and says it's losing share.

Persons: NVDA, hasn't, Bernstein, Robinhood, HOOD, Tyson, Paul, Apple, Goldman Sachs, Goldman, Piper Sandler, Piper, Morgan Stanley, it's, DELL, qtr, Guggenheim, Oppenheimer, JPMorgan Chase, Cava Organizations: Nvidia, Deutsche Bank, Gaming, Leisure Properties, Deutsche, Netflix, Bank of America, Walmart, Microsoft, Adobe, JPMorgan, Dell, of America, Underperform, Trump, Barclays, Newell Brands, Citi, Target, TGT, HSBC Locations: Chicago

It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.

Persons: ” “, Rob Corcoran’s, ” Corcoran, “, Rob Corcoran's, Rob Corcoran, KIRO, ”, Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast

☆ She worked at some of Singapore's best Michelin-starred restaurants. Now, she runs a fine dining place out of her 1000-square-foot public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido

☆ Microsoft, Apple are the most under-owned megacap tech stocks, poised for a rebound, Morgan Stanley says
▼ + stars: | 2024-11-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Microsoft emerged as the most under-owned megacap stock among institutional investors, signaling a rebound could be on the horizon, according to Morgan Stanley. Morgan Stanley thinks that stocks tend to experience a technical pull higher when active ownership is much lower than their weightings in the S & P 500, and vice versa. The gap between Microsoft's S & P 500 weighting and institutional ownership stood at 2.08% by the end of the third quarter, making it the most under-owned Big Tech name, Morgan Stanley said. After Microsoft, Apple is the second-most under-owned megacap tech stock coming out of the third quarter. On the flip side, the most over-owned tech stock at the end of September is software company Intuit , which could see a technical downward pull soon, according to Morgan Stanley.

Persons: Morgan Stanley, Donald Trump Organizations: Microsoft, Big Tech, Apple, Intuit, Adobe

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