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☆ ‘Shogun’ Series Premiere Recap: House of Lords
▼ + stars: | 2024-02-27 | by ( Sean T. Collins | ) www.nytimes.com time to read: +1 min

There is no shogun, no unquestioned and absolute ruler, holding the country’s fractious lords together when “Shogun” begins. The Erasmus, with its cargo of guns and ammo and its irascible English pilot, is the harbinger of a world war into which Japan doesn’t even realize it’s been drafted. Adapted by Rachel Kondo and Justin Marks from the 1975 novel by James Clavell, “Shogun” co-stars Cosmo Jarvis as John Blackthorne, the Erasmus’s pilot, or navigator. Blackthorne is part of a small fleet commissioned by England to find the mysterious and very wealthy island of Japan, and harry any Catholic forces along the way. This is no fit state under which to meet Lord Yabushige (Tadanobu Asano), an opportunistic sadist who aims to hang onto the ship and its weaponry for himself.

Persons: Erasmus materializes, “ Shogun ”, Erasmus, it’s, Rachel Kondo, Justin Marks, James Clavell, Shogun ”, Cosmo Jarvis, John Blackthorne, harry, what’s, they’re, Yabushige, Tadanobu Asano Organizations: ‘ Locations: Japan, England, Portugal, Spain, East Asia

☆ Concern grows within Biden administration as Houthis continue attacks despite US strikes
▼ + stars: | 2024-02-23 | by ( Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +8 min

“They continue to surprise us,” said one senior defense official, referring to the Houthis. Officials also believe Iran instructed the groups to back off the attacks following the US strikes. The issue is becoming more acute, especially given the notable increase in Houthi attacks over the last two days. At the same time, the Houthis also crave international legitimacy, officials said, and want to be recognized as the official Yemeni government. Still, there are no signs yet that Iran is actively withholding support from the Houthis, officials said.

Persons: CNN —, Biden, “, Sabrina Singh, ”, —, Marc Miguez, Israel, Privately, Matthew Miller, Singh, ” Singh Organizations: CNN, Pentagon, Central Command, Carrier Strike, Yemeni, Saudi, State Department, US, Prosperity Locations: Iran, Yemen, Gulf, Aden, Iraq, Syria, Jordan, Baghdad, Gaza, Israel, Red, Oman, Bahrain

☆ Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook
▼ + stars: | 2024-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

The Dow Jones Industrial Average, S & P 500 and the Nasdaq Composite each snapped a five-week advance. On average, market strategists on Wall Street anticipate the S & P 500 will end the year at 4,936, according to a CNBC survey . The equal-weighted S & P 500 index is up just 1.7% in 2024, trailing far behind the market-cap weighted benchmark. Initial Claims (02/17) 9:45 a.m. PMI Composite preliminary (February) 9:45 a.m. S & P PMI Manufacturing preliminary (February) 9:45 a.m. S & P PMI Services preliminary (February) 10 a.m. Existing Homes Sales (January) Earnings: Booking Holdings , Live Nation Entertainment , Intuit , Edison International , Dominion Energy , Moderna , PG & E , Keurig Dr. Pepper Friday, February 23, 2024 Earnings: Warner Bros.

Persons: chipmaker, Ayako Yoshioka, Yoshioka, Jerome Powell, Josh Emanuel, everybody's, Emanuel, Russell, They're, Chris Chen, Chen, Dr, Pepper, Nick Wells, Kif Leswing Organizations: Nvidia, CNBC, Dow Jones, Nasdaq, Federal Reserve, Investor, Treasury, Wilshire Associates, American Association of, Insight Financial, Walmart, Home, Alto Networks, Diamondback Energy, Caesars Entertainment, Marathon, Devices, Chicago, PMI, Holdings, Nation Entertainment, Intuit, Edison International, Dominion Energy, Moderna, Warner Bros Locations: U.S, Santa Monica, Calif

☆ Consumers might be in sit back and watch mode, says former Walmart U.S. CEO Bill Simon
▼ + stars: | 2024-02-15 | 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 EmailConsumers might be in sit back and watch mode, says former Walmart U.S. CEO Bill SimonBill Simon, former Walmart U.S. CEO, joins 'Money Movers' to discuss what to expect from Walmart's upcoming quarterly earnings results, if the higher reliance on buy now, pay later materializes in the quarter, and more.

Persons: Bill Simon Bill Simon Organizations: Walmart U.S

☆ ‘Super El Niño’ is here, but will it last? What’s in store for the coming months
▼ + stars: | 2024-02-07 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —The current El Niño is now one of the strongest on record, new data shows, catapulting it into rare “super El Niño” territory. It means a very strong El Niño is ongoing. El Niño influences weather around the globe, so its strength and demise will continue to have an impact on the weather we experience in the coming months. Average conditions during an El Niño winter across the continental US. El Niño has been known to enhance atmospheric river events on the West Coast.

Persons: El, El Niño, Niño, Michelle L’Heureux, ” L’Heureux, L’Heureux, El Niños, Javier Torres, There’s, CNN’s Rachel Ramirez, Brandon Miller Organizations: CNN, El, AFP, Getty Locations: El, California, West Coast, Americas, Chile, Valparaiso, South America, Africa, Australia, Asia

☆ Honeywell's stock decline on light sales, conservative guidance is a buy. Here's why
▼ + stars: | 2024-02-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

While earnings, profit margins, and cash flow came in slightly ahead of expectations, sales were light across the board. Segment margin , similar to an adjusted operating income margin, grew 64 basis points to 23.5%, slightly ahead of expectations and ahead of the high-end of management's previous forecast. Segment margin performance was largely better than expected, with the exception of Building Technologies, and cash flow generation came in solidly above expectations. Where they landed on guidance both in terms of sales and margin performance, and therefore earnings, hinges on the short-cycle recovery. Full-year segment margin guidance of 23.15% at the midpoint was higher than estimates.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: Honeywell, Revenue, Aerospace, Technologies, Solutions, Carrier Global, Materials, Technology, Productivity Solutions, Services, Aerospace Technologies, Industrial Automation, Energy, Sustainability Solutions, Industrial, CNBC, Getty Locations: U.S, UOP, buybacks

☆ Volkswagen and more: Barclays names European 'conviction' stock ideas — and gives one 59% upside
▼ + stars: | 2024-01-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Wall Street bank named the following five companies in its European "Conviction with Catalysts" list of stock ideas that offer strong upside potential. Enav Topping the list with the biggest upside potential is Enav , an air traffic controller company based in Italy. UCB Barclays believes Belgian biopharmaceutical company UCB can beat 2023 sales expectations thanks to its new psoriasis drug Bimzelx. Although the drug has struggled in the U.S. over side effect warnings, Barclays sees signs of healthy global demand. Volkswagen Barclays believes Volkswagen offers turnaround potential in 2024 after a disastrous 2023 and 2022.

Persons: Emmanuel Cau, Enav, — CNBC's Michael Bloom Organizations: Barclays, UCB Barclays, Belgian, UCB, ABN Amro Dutch, ABN Amro, ABN, Vivendi, Volkswagen Barclays, Volkswagen Locations: Italy, U.S

☆ Evercore ISI sees big pullback in first half of 2024 as recession ‘materializes’
▼ + stars: | 2023-12-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The market is going to worsen early in 2024 before recovering, according to Evercore ISI. The firm sees the S & P 500 falling in the first half of next year to 3,970 as a "recession materializes and politics [amplify] volatility." An inverted yield curve also portends the start of a recessionary period in the first quarter of 2024, he added. "'Defense Wins Championships' is a consistent theme between [the] last hike and first cut in the recession playbook," said Emanuel. By comparison, the S & P 500 is up 20.1% year to date.

Persons: That's, Julian Emanuel, Emanuel Organizations: ISI

☆ Goldman Sachs: These are the 50 highest-quality stocks to buy heading into the new year
▼ + stars: | 2023-11-26 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

With their well-entrenched businesses, high sales growth, and strong balance sheets he believes they will continue to outperform next year. Thankfully, Kostin wrote that "equity valuations appear less stretched in absolute and relative terms after adjusting for record high market concentration." "In a recession, we expect the S&P 500 would end 2024 at 3700 (-18%)," Kostin wrote. First, Kostin wrote investors should "own growth stocks with high returns on capital that typically outperform given stable economic growth and interest rates." To that end, Kostin shared Goldman Sachs' basket of 50 stocks the analysts there believe are the highest quality on the market.

Persons: Goldman Sachs, David Kostin, Kostin isn't, Kostin, Altman Organizations: Business

☆ Nvidia hit the quarter and guidance out of the park. We don't see that changing
▼ + stars: | 2023-11-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Bottom line This was a very strong quarter, with almost nothing to nitpick. This year's rapid Data Center sales growth we've seen has been driven largely by cloud providers and enterprises. Sales to China and other impacted regions have, in the past few quarters, accounted for 20% to 25% of Data Center sales. However, the team added that they "believe the decline will be more than offset by strong growth in other regions." Guidance Looking ahead to Nvidia's fourth quarter of fiscal 2024, we once again got far stronger guidance than Wall Street was modeling.

Persons: We're, Ada Lovelace, Jim Cramer's, Jim Cramer, Jim, Jensen Huang Organizations: Nvidia, Revenue, Automotive, Data Center, Microsoft, Oracle, U.S, Data, Gaming, Ada, Nvidia's Automotive, Wall, CNBC, Getty Locations: China, Taiwan

☆ 'Right now is not the time to be a hero': Top investing minds at $1.4 trillion T. Rowe Price warn that there's serious recession risk in 2024 — but these 4 tech stocks will still dominate
▼ + stars: | 2023-11-19 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Several large investment firms are writing off a recession in the US in 2024 as growth holds up and inflation steadily declines, but T. Rowe Price thinks that optimism may be misplaced. While T. Rowe Price doesn't have an official call on the economy, the brightest minds at the $1.4 trillion Baltimore-based firm urged investors to be cautious at a mid-November conference. However, T. Rowe Price is skeptical that the Fed will end its fight against inflation anytime soon. T. Rowe Price found that through October, those names rose 53.2% compared to a 1.2% year-to-date return for the other 493 companies in the S&P 500. Dom Rizzo, a portfolio manager of global technology equity strategy at T. Rowe Price, agreed that the Magnificent 7's momentum won't stop just because the group is pricey.

Persons: Rowe Price, Goldman Sachs, Goldman, Jan Hatzius, Rowe Price doesn't, We're, Tim Murray, Rowe Price's, Murray, We've, Rowe, Uruci, he's, it's, Tesla, let's, Dom Rizzo, Rizzo, septet, Santa, He's Organizations: Citi, UBS Global Wealth Management, Business, Federal Reserve, Apple, Microsoft, Nvidia, Meta, AMD Locations: Baltimore, Santa Clara

We're here to help keep your bank account above water by pointing out the Black Friday Meta Quest 3 and Oculus Quest 2 deals and bundles that'll fetch maximum savings. The Oculus Quest 2 made VR gaming much more accessible and was the first mainstream hit for VR hardware. Oculus Quest 2 Black Friday dealsWalmart and Amazon have taken $50 off the Oculus Quest 2 as part of its early Black Friday deals. Browse more Quest 2 deals: Amazon | Walmart | Best BuyMeta Quest 3 Black Friday dealsDon't hold your breath for massive discounts on the hardware for Meta Quest 3 deals on Black Friday. You're much more likely to find a Meta (aka Oculus) Quest 2 on sale during Black Friday than the newer model.

Persons: it's, we're, you'll, Meta Organizations: VR, Meta, Facebook, Walmart, Amazon, Qualcomm, XR2, 120Hz, Black

☆ Israel-Hamas War U.S. and Israel Strike Militias Tied to Iran in Reminder of Risks in Mideast
▼ + stars: | 2023-11-13 | by ( Andrés R. Martínez | ) www.nytimes.com time to read: +6 min

“We need to see the following two things,” Mr. Netanyahu told NBC’s “Meet the Press.” “Gaza has to be demilitarized and Gaza has to be de-radicalized. He said that Israel must maintain security control there “for as long as necessary” and have the ability to enter Gaza at will to deal with perceived threats there. More than 11,000 people have been killed in Gaza since Oct. 7, according to Gazan health officials. “The massacre of Oct. 7 proved once and for all that in every place that Israel does not have security control, terrorism entrenches itself,” Mr. Netanyahu said on Saturday. Mr. Netanyahu, a conservative and Israel’s longest-serving prime minister, has been prosecuting the war amid plummeting approval ratings.

Persons: Benjamin Netanyahu, Israel, Mr, Netanyahu, NBC’s “, ”, “, ” Mr, Netanyahu’s, Biden, Antony J, Blinken, António Guterres, CNN’s “ Fareed Zakaria, Israel’s, Mahmoud Abbas, forthrightly, Israel —, Abbas, ” Nabil Abu Rudeineh, Abu Rudeineh, Wafa Organizations: Israeli Army, Palestinian, Press, Palestinian Authority, Israeli, West Bank, United Nations, “, West Locations: Gaza, Israel, Palestinian, Qatar, Samaria, ”, West Bank, East Jerusalem

☆ Netanyahu says he sees no role for the Palestinian Authority in Gaza, for now.
▼ + stars: | 2023-11-12 | by ( Isabel Kershner | More About Isabel Kershner | ) www.nytimes.com time to read: +6 min

“We need to see the following two things,” Mr. Netanyahu told NBC’s “Meet the Press.” “Gaza has to be demilitarized and Gaza has to be de-radicalized. His remarks appeared to be somewhat at odds with the Biden administration, which last week made it clear that there should be no Israeli “re-occupation” of Gaza. More than 11,000 people have been killed in Gaza since Oct. 7, according to Gazan health officials. “The massacre of Oct. 7 proved once and for all that in every place that Israel does not have security control, terrorism entrenches itself,” Mr. Netanyahu said on Saturday. Mr. Netanyahu, a conservative and Israel’s longest-serving prime minister, has been prosecuting the war amid plummeting approval ratings.

☆ An Epic Pilgrimage Across Three Great Religions
▼ + stars: | 2023-11-09 | by ( Aatish Taseer | ) www.nytimes.com time to read: +111 min

Before there was tourism, there was pilgrimage: a trip of endurance, hardship and ecstasy in celebration of one’s faith. On an epic pilgrimage of his own, one writer ventures into the heart of three great religions in Bolivia, Mongolia and Iraq. The Imam Hussein shrine in Karbala the day after Ashura. “They’re poor, but they come thousands of kilometers for the love of Imam Hussein.” PILGRIMAGE WAS A great equalizer. “Labaik ya Hussein,” came the solemn chorus of surrounding voices.

Persons: Eduardo Quintela Gonzáles, ” Quintela, JAN, “, ”, Quintela, Victor, Edith Turner, Chaucer, ferne, sondry londes, Vaishno Devi, Lyra Skinner, Lyra, Victoria Preston’s, —, Prophet Muhammad, Virgin Mary, Bath, Naipaul, Augustus, Ryan, garret, Virgin, Monica Machicao, Nicholas Casey, ” Monica, Casey, Evo Morales, sloughing, Columbus, Cortés, Francisco Pizarro, Monica, glitzy cholets, Peru —, Viracocha, it’s, Pablo Quisbert, Leandro Chitarroni, Eichmann, Father Chitarroni, Father Chitarroni’s, Conquistadores ”, Fernando Cervantes, Bernabé Cobo, Quisbert, Edgar Quispe, Tatiana Huayhua, Francisco Tito Yupanqui, Mary, Yupanqui’s, su, Yupanqui, Chitarroni, she’s, Friar Abelino Yeguaori, Friar Yeguaori, Friar Yeguaori’s, Irene, Juana, hajji, Waka, Aracely Alcón, Santiago, Alcón, ‘, don’t, ” Alcón, Tito Yupanqui, Uma Marka, Pachamama, haggard, Amaru Fiorilo Barrios, he’d, ” Fiorilo, Fiorilo, who’d, Valeria Alcón, Laureano Jose Quisbert, Elena Ticona Flores, Eduardo Quintela’s, Ensamble, pang, padre, consolations, Sincrético, El, Rodrigo Paz Pereira, Axel, amauta, strode, La, Aatish Taseer, Saint Helena —, Constantine I, La Paz, Orgilbaatar Tsolmon, Orgil, Genghis Khan, Edward Gibbon, ” Orgil, Araniko’s, Kublai Khan, Genghis Khan’s, Kubla Khan, Coleridge, Kublai, Stalin, sybarite, Khamar, Dalai Lama, Lama, Christopher Kaplonski, ger, I’d, banshtai tsai, Prim, Egi, Munkhdul, Gandantegchinlen, Haidav, herder, “ Um sain, boltugai, Danzanravjaa, Zanabazar’s, Erdene, Mandakhtsog Monkhbaatar, Monkhbaatar’s, Dalai Lamas, prostrated, He’d, Zuu, she’d, Santiago de, L.K, Advani, Emperor Babur, Ram, kar sevaks, Ayodhya, Narendra Modi, Munkhbaatar Batchuluun, Henry Wallace, Franklin D, Potemkin, Munkhbaatar, Gerelmaa, Giimaa, She’d, Eduardo Quintela, Aracely, Santiago’s, Joseph Brodsky’s, Muhammad’s, Hussein, William Keo, ” Khuder, pillion, Labaik, Hussein ”, O Hussein, hearkened, Prophet, Ali —, Ali, Yazid, Imam, crackling, chickpeas, Imam Ali, Imam Hussein, Saddam Hussein, Tusi, Qasim, Imam Hussein’s, Khuder, “ Will, Najaf, prestes, — I, Yasir Yaseen, Ashura, Ali Akbar, Abbas, Ali Asghar, “ We’re, Francisco Goya’s, Hussein’s, Groom, Joseph, ” Wissam, Turfi, Saddam —, Arbaeen, Saddam, “ Imam Hussein, WE, Muhammad, Barnaby Rogerson, Prophet Muhammad ”, ” Ali, Muhammad — Muhammad, formlessness, Muqtada al, Abrams, chiding, Abu Musab Al, Zarqawi, Al Qaeda, William, “ They’re, Ayatollah Ali Khamenei, flagellants, ruddy, stylishly, Hussein — shahid —, Farman Ahsan, Syed Salman Raza —, Saddam’s, ” Raza, William “, Ali Zayn al, Abidin, Labaik ya Hussein, thrall —, Lloyd, Susanne Rudolph — Organizations: CITY LA, LA, LA PAZ, Virgin, Crusaders, Dolorosa, Sun, The New York Times, Bolivian, Spain, La, Cordillera, Universidad Mayor de, Catholic, Good, La Paz, Dominican, Pakistan, Caesars, Nissan, Coke, Communists, Communism, ardor, Communist, Hyundai, flails, sacra, Apache, Mahdi Army, Al, ISIS, Karachi —, Princeton Locations: Bolivia, Mongolia, Iraq, Aatish Taseer Bolivia Mongolia Iraq, CITY LA PAZ, BOLIVIA, NAJAF, IRAQ, ULAANBAATAR, MONGOLIA, LA PAZ, La Paz, Bolivian, Copacabana, Lake Titicaca, New York, Christian, British, sondry, India, Delhi, Varanasi, Europe, American, Mecca, Arabia, Long, Vino Tinto, Chile, Peru, Monica, Plurinational State, Bolivia —, Americas, Spain, Columbian, Aztec Mexico, Inca Peru, Calvary Hill, Virgen del Cerro, South America, Puerto Rico, Huatajata, ”, Argentine, Universidad Mayor de San Andrés, Mexican, revelry, Spanish, “, morena, La, “ India, multilayered, Potosí, Argentina, Warisata, Scotch, Santiago de Compostela, Kingdom of Saudi Arabia, Nepal, Nations, El Alto, Buenos Aires, Bombay, Tibet, Bolivia’s, Yamuna Rivers, United States, Buddhist Mongolia, Ulaanbaatar, Mongolian, Istanbul, Asia, Islam, China, Beijing, Dadu, Erdene Zuu, Soviet, Gobi, Los Angeles, gers, Qing China, Karnataka, Töv Province, Karakorum, Khamar, Erdene, Ukraine, Korea, Golden, Bayankhongor, Lhasa, Dalai, Inner Mongolia, Mongol, Nalaikh, Santiago, Santiago de Compostela and Canterbury, Bulgan Province, Somnath, Gujarat, Ayodhya, Uttar Pradesh, ger, East German, Uvs Province, Pakistani, Indian, Tennessee, Najaf, Baghdad, Khuder, —, abayas, KARBALA, Kufa, Medina, Saudi Arabia, Karbala, Imam Ali, Bab, Kuwaiti, Bohras, South Asia, Tajikistan, Zaydis, Yemen, Alawites, Anatolia, Syria, Iran, Bahrain, Azerbaijan, Sadr, U.S, Jordanian, Al Qaeda, Mesopotamia, Al, Multan, Pakistan, Punjab, Pakistan’s, Islamabad, Lahore, Kuwait, Karachi, Doha, Qatar

WASHINGTON (AP) — The World Bank reported Monday that oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies, which could result in increased food prices worldwide. The World Bank report simulates three scenarios for the global oil supply in the event of a small, medium or large disruption. But during a “medium disruption” — equivalent to the disruptions experienced during the Iraq war — the global oil supply would decline by 3 million to 5 million barrels per day, driving oil prices up possibly by 35%. Ayhan Kose, the World Bank’s deputy chief economist, said higher oil prices will inevitably result in higher food prices. Overall, oil prices have risen about 6% since the start of the conflict.

Persons: Benjamin Netanyahu, Indermit Gill, ” Gill, Ayhan Kose, Kose, —, Janet Yellen, Biden, ”, Fatih Birol Organizations: WASHINGTON, World Bank, Hamas, Israel, Bank, Bloomberg, ” International Energy Agency Locations: Israel, Gaza, Iran, Lebanon, Iraq, Ukraine, U.S

☆ 'The economy is defying gravity': The no-recession trade is to buy high-yield bonds, JPMorgan portfolio manager says
▼ + stars: | 2023-10-26 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

"The economy is defying gravity" after third-quarter GDP approached 5%, according to JPMorgan portfolio manager Phil Camporeale. If no recession materializes, as Camporeale expects, then investors should buy high-yield bonds. AdvertisementAdvertisementThe recession everyone's been waiting for over the past 18 months isn't coming anytime soon after the release of third-quarter GDP data, according to JPMorgan portfolio manager Phil Camporeale. The US economy posted third-quarter GDP growth of 4.9%, representing its strongest quarterly growth since late 2021, and that's after multiple quarters of above-trend growth. AdvertisementAdvertisementWith a recession potentially averted, as he expects, investors should be buying high-yield bonds that are returning upwards of 9%.

Persons: Phil Camporeale, Camporeale, — Organizations: Service, CNBC, Federal Reserve

☆ Hyundai Motor to make BAIC's ARCFOX electric cars in Beijing - report
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Beijing Hyundai sign is seen at an entrance to the Beijing Hyundai Motor plant in Chongqing, China October 8, 2018. REUTERS/Yilei Sun/File Photo Acquire Licensing RightsSEOUL, Oct 11 (Reuters) - Hyundai Motor has decided to produce Beijing Automotive Group Co's EV brand ARCFOX cars at its plant in Beijing in a bid for a breakthrough in a major market where it has been struggling to make a foothold, a news report said on Wednesday. The plan is for Beijing Hyundai Motor, a joint venture of Hyundai Motor (011760.KS) and Beijing Automotive Group (BAIC), to produce the ARCFOX vehicles, and the companies are discussing the details, the report cited the sources as saying. Beijing Hyundai Motor will likely oversee the design, production and quality control and use its plant in Beijing, the report said. When asked to comment on the report, Hyundai Motor said it was "currently reviewing various measures for EV production, but nothing has been decided," in a statement to Reuters.

Persons: BAIC, Jack Kim, Heekyong Yang, William Maclean Organizations: Beijing Hyundai, REUTERS, Yilei, Rights, Hyundai, Beijing Automotive, Korea Economic, Beijing Hyundai Motor, Hyundai Motor, Beijing Automotive Group, Reuters, Kia, Thomson Locations: Beijing, Chongqing, China, Rights SEOUL, Korea

☆ A crescendo of panic selling is the one missing ingredient to a year-end stock market rally
▼ + stars: | 2023-10-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is missing one key ingredient to mount a year-end rally, according to Bank of America. Favorable fourth-quarter seasonal patterns would support a year-end rally if the capitulation event materializes. AdvertisementAdvertisementThe US stock market is missing one key ingredient for a year-end rally to materialize, according to a recent note from Bank of America. This is likely a key ingredient ahead of a year-end rally for the S&P 500," Bank of America technical strategist Stephen Suttmeier said. Ultimately, Suttmeier believes the stock market is in a long-term bullish uptrend, and that 2023 will represent a pivotal year for the bull market.

Persons: —, Stephen Suttmeier, Suttmeier, it's Organizations: Bank of America, Service, Nasdaq, New York Stock Exchange, Big, Trump, Corrections Locations: China

[1/2] A worker clears debris so delivery vehicles can exit a FedEx Ground distribution center in this aerial photograph taken over Carson, California, U.S., September 16, 2022. "They have to fight for every package right now, it's great for shippers," said LJM Consultants partner Kenneth Moyer, a former UPS pricing negotiator who now works with delivery customers. The world's biggest parcel delivery firm added it is using price negotiations to encourage attractive high-margin or high-volume customers, while discouraging high-cost deliveries. Third quarter ground delivery rates are forecast to fall 0.55% per package versus a the year earlier period, according to the TD Cowen/AFS Ground Pacrel Freight Index. But experts are skeptical, particularly as UPS offers to cover early termination fees for customers that switched to FedEx.

Persons: Bing Guan, That's, Kenneth Moyer, Deyman Doolittle, Wall, Moyer, Mark Taylor, Taylor, Satish Jindel, ShipMatrix, Micheal McDonagh, Yokeley, Lisa Baertlein, Ben Klayman, Aurora Ellis Organizations: FedEx, REUTERS, United Parcel Service, UPS, U.S . Postal Service, LJM, Cowen, Reuters Graphics Reuters, Teamster, Department, USPS, Amazon, AFS Logistics, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Carson , California, U.S, Macy's, Los Angeles

Law enforcement investigations and criminal prosecutions will continue “without interruption,” the plan says, and prisons will remain staffed. Special counsels are instead funded by “the permanent, indefinite appropriation for independent counsels,” according to their expenditure reports. Civil litigation in lower federal courts will be “curtailed or postponed,” according to the Justice Department contingency plan. A shutdown also could affect state and local efforts to address violent crime, Monaco said. During a hearing on Capitol Hill last week, Attorney General Merrick Garland said that a shutdown would “certainly disrupt” programs like “our grant programs to state and local law enforcement.”

Persons: Hunter, – Jack Smith, Donald Trump, Robert Hur, Joe Biden’s, David Weiss, Hunter Biden, ”, Lisa Monaco, Monaco, General Merrick Garland Organizations: Department, CNN, Justice Department, Administrative, Capitol Locations: Delaware

☆ Karl Ove Knausgaard’s Novel for Our Precarious Times
▼ + stars: | 2023-09-16 | by ( Sven Birkerts | ) www.nytimes.com time to read: +1 min

THE WOLVES OF ETERNITY, by Karl Ove Knausgaard. As the late Milan Kundera put it: “A novel does not assert anything; a novel searches and poses questions.” But in our manic and precarious times, fiction that conveys no sense of a world in upheaval can feel partial. With “The Wolves of Eternity,” the Norwegian distance runner Karl Ove Knausgaard brings us his second massive speculative novel in three years. Like its predecessor, “The Morning Star” (2020), the new novel comprises multiple narratives filtered through various characters. The first half of the novel, a section titled “Syvert,” is the anchor narrative.

Persons: Karl Ove Knausgaard, Martin Aitken, Milan Kundera, Marina Tsvetaeva, meanderings Organizations: THE, “ Wolves Locations: Milan, Norwegian, Russian, “, Syvert

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

That implies a potential $2.5 billion investment will be equivalent to a 2.5% stake in the company. "Several marquee global strategic and financial investors have shown strong interest in Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail has more than 18,000 retail outlets, but also a growing e-commerce operation where it competes with the likes of Amazon (AMZN.O) and Walmart's (WMT.N) Flipkart. Reliance Retail reported a consolidated net profit of 91.81 billion Indian rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Ambani, Mukesh Ambani's, Reliance, Morgan Stanley, QIA, Ambani's, Isha Ambani, Aditya Kalra, Scott Murdoch, Sriram, Munsif Vengattil, Susan Fenton Organizations: Retail Ventures, Reuters, Qatar Investment Authority, India's, Burberry, Reliance, Reliance Retail, KKR, Saudi Public Investment Fund, General Atlantic, United Arab, Unilever, Thomson Locations: SYDNEY, Qatar, U.S, China, United Arab Emirates, New Delhi, Sydney, Mumbai

☆ Western defense officials urge Ukraine to focus counteroffensive resources on southern push — even if it means heavy troop and equipment losses
▼ + stars: | 2023-08-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Western officials think Ukraine misallocated its counteroffensive resources, The New York Times reported. Defense strategists want Ukraine to focus its efforts on pushing toward the south. But a southern push could result in troop and equipment losses, the outlet reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. But Ben Hodges, a retired lieutenant general and former commander of US Army Europe, cautioned against counting Ukraine out too soon.

Persons: Ben Hodges, Hodges, Mark, Ukraine's Organizations: New York Times, Defense, Service, US Army, Ukrainian, Times, Joint Chiefs of Staff, Crimea materializes Locations: Ukraine, Wall, Silicon, Russia, Crimea, Bakhmut, Zaporizhzhia, US Army Europe

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