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Search resuls for: "reassessing"


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NEW YORK (AP) — After 46 years, Steve Replin has decided to give up his office space. About 23% of U.S. office space is available, compared with 16% before the pandemic, according to global real estate advisor Avison Young. Garnett is looking for a smaller space – 1,200 square feet or so -- in suburban Huntsville, closer to where most of his clients live. The pandemic taught her she could work in a smaller space, but she still saw value in having office space with a physical library. Saul said she was able to downsize her library, filled with samples and a necessary part of the firm’s office space.
Persons: Steve Replin, Avison Young, , Alan Pontius, Marcus, Millichap, Hunter Garnett, Garnett, I’d, Leslie Saul, she’d, , Saul, Annie Scranton, Replin, ” Replin, He’s, ” Krueger Organizations: Pace Public Relations Locations: Denver, Huntsville , Alabama, Huntsville, Cambridge, Winchester, Manhattan, New York, Larchmont, Greenwood Lake, N.J, Maryland
Hong Kong CNN —It’s been a rollercoaster week for stocks trading in mainland China and Hong Kong. “For a sustained rally in China stocks, we think China will need to address the core of these concerns (predominantly property sector issues and US-China tensions),” the analysts added. In the 7 days to January 24, exchange-traded funds (ETFs) tracking Chinese stocks recorded large inflows of $12.6 billion, according to a Citi survey of global fund managers. Still, investors have been fleeing Chinese stocks over a much longer period because they are worried about the country’s economic prospects. The country is facing the prospect of a vicious cycle whereby lower demand leads to lower investment, lower production and lower income, thus causing even lower demand.
Persons: Hong Kong CNN — It’s, Hong, — haven’t, ” Nomura, , Li Qiang, , Li Yunze, Pan Gongsheng, Florence Lo, HSI, Raymond Yeung, ” Yeung Organizations: Hong Kong CNN, Shanghai Shenzhen, , Shanghai Financial Exchange, Bloomberg, State, Supervision, Administration Commission, Administration of Financial, Reuters, People’s Bank of China, Citi, Enodo Economics, HSBC, Greater China, ANZ Research Locations: China, Hong Kong, Shanghai, United States, Beijing, Davos, Switzerland, Greater
CrowdStrike CEO George Kurtz told CNBC's Jim Cramer that using artificial intelligence is important in fighting increasingly sophisticated ransomware attacks. "Right now, ransomware, on average is, $8.5 million per ransom event, which is double just over the last month." But as much as AI helps outfits like CrowdStrike, cybercriminals are also benefitting from it with "Dark AI" tools like FraudGPT. Kurtz stressed the importance of identity verification when it comes to preventing cybercrime, saying the biggest weakness is "between the keyboard and the chair," or individuals. Kurtz said this has created more business for CrowdStrike.
Persons: George Kurtz, CNBC's Jim Cramer, Kurtz Organizations: Publicly, Securities and Exchange Commission, CrowdStrike
Niger junta repeals law aimed at slowing migration to Europe
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
Niger's junta, which took power in a July coup, repealed the law on Saturday and announced it on Monday evening on state television. In return, the European Union launched the 5 billion euro Trust Fund for Africa in 2015, aimed at eradicating the root causes of migration, but many felt it was not enough. How European leaders greet the news, and the impact on migration to Europe, is yet to be seen. Andre Chani used to earn thousands of dollars a month driving migrants through the desert before police impounded his trucks in 2016. Reporting by Moussa Aksar and Edward McAllister; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
Persons: Yara, Andre Chani, Moussa Aksar, Edward McAllister, Grant McCool Organizations: REUTERS, European Union, Fund, Thomson Locations: Lampedusa, Italy, NIAMEY, West Africans, Europe, Niger, Africa, Agadez
Jairo Lerma and several of his relatives placed a wooden cross in the dry grass along a Texas highway where his parents, on their way from Georgia to Mexico, died suddenly in a fiery crash with an oncoming car that was carrying migrants and fleeing a sheriff’s deputy. Shortly before the crash on Nov. 8, his mother, Isabel, had texted to say that she and her husband, José Carlos, a retired carpet factory worker from Dalton, Ga., would soon be at the border. Instead they died near a bend in the road some 60 miles short, along with five migrants and the 21-year-old driver of the other car. “I blame the sheriff’s department because they were chasing at a really high speed in a location that was really dangerous,” Mr. Lerma said. “This could have been avoided.”In recent years, police departments across the United States have been reassessing when and how to pursue fleeing suspects, adopting policies to curtail the number of dangerous high-speed chases.
Persons: Jairo Lerma, Isabel, José Carlos, Mr, Lerma Locations: Texas, Georgia, Mexico, Dalton , Ga, United States
Ford said it has resumed building a battery plant in Marshall, Mich., but is downsizing the scope of the project amid cooling EV demand. Photo: Nick Hagen for The Wall Street JournalFord Motor is moving forward on construction of a battery plant in Michigan but at a reduced size from original plans, citing a pullback in the outlook for future electric-vehicle demand. Ford in September paused work on the factory, in Marshall, Mich. At the time, the company said it was reassessing its ability to competitively operate the plant, which will make batteries using technology from China’s Contemporary Amperex Technology Co.
Persons: Ford, Nick Hagen Organizations: The Wall Street, Ford, Amperex Technology Locations: Marshall, Mich, Michigan
Leah Millis | ReutersOpenAI's unusual company structure weakened Sam Altman's position as CEO and left him open to surprise on Friday when he was quickly ousted from the company. But Altman and co-founder Greg Brockman, who also left OpenAI Friday, didn't have the power that Kalanick had. "I have no equity in OpenAI," Altman said in a May Senate hearing on A.I. OpenAI's capped profit structureThe easiest way to think of OpenAI's structure is to picture a waterfall. Limited returnsOpenAI added its capped profit OpenAI Global subsidiary in 2019.
Persons: Sam Altman, OpenAI, Chuck Schumer, Leah Millis, Sam Altman's, Travis Kalanick, Altman, Greg Brockman, didn't, Kalanick, John Kennedy's, Kennedy, Organizations: Intelligence, Senate, U.S, Capitol, Reuters, OpenAI, Microsoft, OpenAI Inc, Global Locations: Washington , U.S, OpenAI
Jim Cramer picks Disney as best of the major media stocks
  + stars: | 2023-11-10 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer on Friday ranked major media stocks, choosing Walt Disney as the best of the bunch. "After earnings season, it's worth reassessing the independent media plays, because some of them are doing much better than expected," Cramer said. Walt Disney " this quarter, Cramer said, reporting better-than-expected earnings after years of struggling. Cramer said CEO Bob Iger has taken control of Disney's narrative, expressing confidence that this quarter is a turning point. To Cramer, Disney is likely to deliver on its cost-cutting promises or at least "die trying."
Persons: CNBC's Jim Cramer, Walt Disney, Cramer, Bob Iger, Disney Organizations: Fox Warner Bros, Paramount, Comcast, CNBC
Nomura reassesses mainland China business plan as losses mount
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +2 min
The logo of Nomura Securities is seen at the company's Head Office in Tokyo, Japan, November 28, 2016. Nomura's majority-owned joint venture has struggled to grow since its launch in 2019, dragged down by the pandemic and a slowing economy. In 2022, the joint venture lost 225 million yuan ($30.75 million), after losing 84 million yuan in 2021, according to Nomura's filings. Nomura's China joint venture headcount has dropped to 259 from 281 in July, far short of the original target of increasing it to 500 by this year. The joint venture is 51% owned by Nomura, 24.9% by Orient International Holding, and 24.1% by Shanghai Huangpu Investment Holding Group.
Persons: Toru Hanai, Nomura, headcount, Goldman Sachs, Makiko Yamazaki, Selena Li, Sonali Paul Organizations: Nomura Securities, REUTERS, Rights, Nomura Holdings, Bloomberg, Reuters, Citigroup, Nomura Orient International Securities, Nomura, Orient International Holding, Shanghai Huangpu Investment Holding Group, Thomson Locations: Tokyo, Japan, China, Shanghai, Hong Kong, Asia
This week's question: The cardinal rule of discipline is to not violate cost basis and show patience to buy more high-quality stocks on pullback. How do you evaluate a flying stock which might not come back to levels of cost basis to add more? Since we are not anticipating the stock breaking below our cost basis — it is rallying — we need another way to determine when to buy more shares. If you can't buy below you price basis, you should buy at or below your valuation basis. And then set up points to buy when the valuation goes lower, just as you would when the stock price falls.
Persons: Jim Cramer, Eli Lilly, Ravi, , Jim Cramer's, Jim, Jensen Huang, Walid Berrazeg Organizations: Nvidia, workloads, Jim Cramer's Charitable, CNBC, Getty Locations: Taipei
LONDON (Reuters) - Chile’s Codelco, the world’s largest copper producer, is reassessing the cost structure at its mine projects, its chairman said on Friday, given recent overruns. FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. The company, which has some of the highest input costs for miners in Chile, said in July direct production costs during the first six months of the year jumped 41.3% to hit about $2.12 per pound, from $1.506 the year before. In response, Codelco said it had a solid financial position and broad access to financial markets. The South American country has the world’s largest lithium reserves.
Persons: Codelco, Ivan Alvarado, Maximo Pacheco, Pacheco, ” Pacheco, Alejandro Rivera, Rivera’s, Rodrigues, Blaine J, Maximo Pacheco’s Organizations: REUTERS, Reuters, London Metal Exchange, for Copper, Mining Studies, Moody’s Investor Services Locations: Santiago, Chile, London, China
NEW YORK (AP) — Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars a month. She'll put the $235 she was spending on her car payment toward her student loan, but that still leaves another $270 or so she'll have to reallocate or earn. “If they were forgiven out of the blue, I'd be ecstatic.”The Supreme Court in July rejected a plan by President Joe Biden's administration to wipe away $400 billion in student loan debt. According to credit bureau TransUnion, more than half of student loan holders added credit card debt during the pandemic. The program erases remaining debts for federal student loan holders who work in public service while making 10 years of payments.
Persons: Megan McClelland, She'll, , ” Justin Cole, Cole, , I'd, Joe Biden's, McClelland, She's, It's, , — McClelland, ” McClelland, Charles Schwab Organizations: Petaluma High School, Valuable, Target, Public, White, Sonoma, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Petaluma, California, Rock , Arkansas, Boston, Sonoma State
Pending sales had been on the rise the two months prior, despite elevated prices and higher mortgage rates, according to a report released Thursday by the National Association of Realtors. Pending transactions were down 18.7% from August 2022, when average weekly mortgage rates ranged between 4.99% and 5.5%. August may have been the beginning of the end of this resilient housing market — at least for a while, she added. “For others, the higher mortgage rates and general economic uncertainty are simply making them more cautious. Either way, expect the number of home sales transactions this fall to be at a decade low.”
Persons: , Lawrence Yun, , Lisa Sturtevant, Sturtevant Organizations: DC CNN, National Association of Realtors Locations: Washington
An over 1,000-carat uncut stone by Lucara Diamond is pictured during a press availability in New York City, New York, U.S., September 20, 2021. Lucara Diamond said on Thursday it had ended its agreement with HB Trading BV, a unit of HB Antwerp, following what it called "a material breach of financial commitments by HB". Diamond processor and trader HB Antwerp earlier this month removed one of its three co-founders, Oded Mansori, from management following differences over strategy. Mansori, who co-founded HB Antwerp in 2020 with partners Shai de Toledo and Rafael Papismedov, said he was taking them to court over his removal. HB and Lucara first entered into a diamond sales agreement in 2020, which was extended for 10 years in 2022.
Persons: Lucara Diamond, David, Dee, Delgado, Mokgweetsi Masisi, Masisi, Oded, Shai de Toledo, Rafael Papismedov, Lucara, Brian Benza, Nelson Banya, Mark Potter, Jan Harvey Organizations: REUTERS, Rights, HB Antwerp, HB Trading, HB, Okavango Diamond Company, Lucara, Thomson Locations: New York City , New York, U.S, Rights GABORONE, Belgian, Botswana
A new government watchdog report reveals that the F-35 program is plagued by maintenance issues. "Maintenance challenges negatively affect F-35 aircraft readiness," the GAO report said. AdvertisementAdvertisementAn F-35 taxis from the runway onto the flightline after successfully completing a sortie, Dec. 14, 2015, at Luke Air Force Base. A US Air Force F-35 Lightning II flies over the US Central Command area of responsibility, July 17, 2020. US Air Force photo by Airman 1st Class Duncan C. BevanThere are three variants of the Lockheed Martin F-35.
Persons: , Duncan C, Bevan, Lockheed Martin Organizations: Service, Government, Office, Fighter, US Marines Corps, GAO, Luke Air Force Base, US Air Force, Pentagon, US Central Command, Lockheed, Air Force, Navy, Marine Corps, Marines Locations: Wall, Silicon, South Carolina
LONDON (AP) — Prime Minister Rishi Sunak announced Wednesday that he’s delaying by five years a ban on new gas and diesel cars that had been due to take effect in 2030, watering down climate goals that he said imposed “unacceptable costs” on ordinary people. U.K. greenhouse gas emissions have fallen by 46% from 1990 levels, mainly because of the almost complete removal of coal from electricity generation. The government had pledged to reduce emissions by 68% of 1990 levels by 2030 and to reach net zero by 2050. Automakers, who have invested heavily in the switch to electric vehicles, expressed frustration at the government’s change of plan. Ford U.K. head Lisa Brankin said the company had invested 430 million pounds ($530 million) to build electric cars in Britain.
Persons: Rishi Sunak, Sunak, , Boris Johnson, backtrack, Prince William —, Will McCallum, Lisa Brankin, Richard Burge, Tara, Hargreaves Lansdown, Clee, Sadiq Khan, Alok Sharma, Peter Cox Organizations: , Conservative Party, Former, United Nations General Assembly, Greenpeace, Ford, London Chamber of Commerce and Industry, Britain’s Conservatives, Labour, London’s Labour, BBC, Global Systems Institute, University of Exeter Locations: New York, Britain, London Uxbridge, Glasgow
LONDON (AP) — Prime Minister Rishi Sunak is preparing to water down some of Britain's environmental commitments on Wednesday, saying the country must fight climate change without penalizing workers and consumers. “For too many years, politicians in governments of all stripes have not been honest about costs and trade-offs," Sunak said. U.K. greenhouse gas emissions have fallen by 46% from 1990 levels, mainly because of the almost complete removal of coal from electricity generation. The government had pledged to reduce emissions by 68% of 1990 levels by 2030 and to reach net zero greenhouse gas emissions by 2050. Automakers, who have invested heavily in the switch to electric vehicles, expressed frustration at the government's apparent change of plan.
Persons: Rishi Sunak, Sunak, backtrack, Prince William —, Doug Parr, , Parr, Mike Hawes, Lisa Brankin, Tara, Hargreaves Lansdown, ” Copp, Sadiq Khan, “ We’re, Suella Braverman, Alok Sharma Organizations: , Conservative Party, United Nations General Assembly, Greenpeace, Society of Motor Manufacturers, Traders, Ford, ” Britain's, Labour, London’s Labour, BBC Locations: Britain, New York, London Uxbridge, Glasgow
Many Boards Are Playing Catch-Up on ESG and Green Issues
  + stars: | 2023-09-14 | by ( Rob Sloan | ) www.wsj.com   time to read: +9 min
Other findings were that most believed sustainability efforts had brought real benefits and said ESG engagement with investors had been mostly positive. They also reported that while about half of big companies had ESG targets—many linked to executive compensation—smaller, private companies lagged behind. For public companies investors were most influential, followed by regulators, while directors of private businesses ranked their customers as top with investors in second place. “You had a wind that was giving companies and boards energy, and now you have a countervailing wind of political backlash,” Smith said. Despite those changes, half of respondents believe ESG will continue to be an important driver of their business decisions and strategy.
Persons: aren’t, , , Kristin Campbell, Campbell, , Alan Smith —, Smith, ” Hilton’s Campbell, ” Smith, ESG, ” Campbell, — hadn’t, Rob Sloan Organizations: Pro, National Association of Corporate, ESG, Hilton Worldwide Holdings, Regency Centers, HSBC, Estates, Sustainable Business, rob.sloan@wsj.com Locations: U.S
An Amgen sign is seen at the company's office in South San Francisco, California October 21, 2013. With Horizon, Amgen acquires drugs that won't be affected by new U.S. negotiation requirements for blockbuster medications as well as possible tax advantages stemming from Horizon's headquarters in Ireland. Analysts said the Horizon deal could also help Amgen's tax situation. The United States has largely eliminated once-lucrative corporate tax benefits for pharmaceutical manufacturing operations in Puerto Rico, a U.S. territory. Horizon offers Amgen "potentially a better tax jurisdiction related to Irish manufacturing plants ... Amgen has a new manufacturing process they could potentially move there," Cowen's Werber said.
Persons: Robert Galbraith, Abiel Garcia, John Kness, Donald Trump, Garcia, Evan Seigerman, Lina Khan, Cowen, Biden, Michael Yee, Amgen, Cowen's Werber, Deena Beasley, Peter Henderson, Paul Simao Organizations: REUTERS, U.S . Federal Trade, Horizon Therapeutics, U.S, District, Federal, Activision, Horizon, Amgen, BMO Capital Markets, FTC, Reuters, U.S . Food, Drug Administration, Jefferies, Medicare, Internal Revenue Service, United, Thomson Locations: South San Francisco , California, Amgen, Kesselman, Ireland, U.S, Puerto Rico, United States, Irish
The U.S. 10-year Treasury yield climbed to its highest level since 2007 this week. Meanwhile, the 30-year Treasury yield reached its highest point since 2011. What's more, higher yields are typically a negative for tech and growth stocks — this year's best-performing group — as they lessen the value of their promised future earnings. Ned Davis Research's Joseph Kalish said Monday he expects the 10-year Treasury yield could rise to 5.25%, citing risks to the bond market on inflation expectations. US10Y YTD mountain U.S. 10-year Treasury yield YTD "The market has been consistently underpricing the risk of additional rate hikes and overpricing the speed of rate cuts," Kalish wrote.
Persons: Ned Davis Research's Joseph Kalish, Kalish, Strategas, Chris Verrone, 133bps, Verrone, Wolfe, Chris Senyek, Morgan Stanley's Matthew Hornbach, it's, Tom Essaye, — CNBC's Michael Bloom, Chris Hayes Organizations: Treasury, Federal Locations: U.S
Over one in 5 Chinese young adults looking for work can't find it, according to China's National Bureau of Statistics. According to UNICEF, youth unemployment can lead to social and economic unrest. For their July data released last week, Chinese government officials entirely omitted the data on youth unemployment. According to research from United Nations Children's Fund, youth unemployment impacts present and future economic growth and stability. The report also warns that youth unemployment can have "significant and serious social repercussions" and social unrest.
Persons: Sun Xin, Sun, haven't, Xi Jinping, it's, Liu Xingyu, Liu Organizations: National Bureau of Statistics, UNICEF, Service, China's National Bureau of Statistics, King's College London, NBC News, CNBC, The New York Times, Times, United Nations Children's Fund, Street Journal Locations: Wall, Silicon, China, COVID
Industrial production rose 3.7% on-year in July, badly missing the analysts' target of 4.4%. Interestingly, the July economic report omitted any mention of youth unemployment statistics in the country. Most interestingly, the July economic report omitted any mention of youth unemployment statistics in the country. Youth unemployment soared to a record high of 21.3% in the second quarter of 2023, per the statistic bureau's June report. Instead, the country reported that urban unemployment was 5.3% in July, up from 5.2% in June.
Organizations: Bureau, Statistics, Service, Reuters, Exports, National Bureau of Statistics, CNBC Locations: Wall, Silicon, China
Retail sales rose by 2.5% in July from a year ago, below expectations for a 4.5% increase, according to analysts polled by Reuters. Within retail sales, catering saw the biggest increase of 15.8%, while sports and entertainment products saw a 2.6% year-on-year increase. Retail sales posted the slowest growth since a decline in December, according to official data. Top leaders in late July signaled a shift away from its crackdown on real estate speculation. But the overall approach to additional stimulus has been cautious, especially in real estate.
Organizations: Bloomberg, Getty, National Bureau, Statistics, Reuters, National Bureau of Statistics, CNBC, Authorities Locations: BEIJING, China
The Mütter Museum, a 19th-century repository of medical oddments and arcana at the College of Physicians of Philadelphia, attracts as many as 160,000 visitors a year. “Who could look at a two-headed calf without wanting to know how that happened? Biology is a marvel and better understood if you recognize that its complexities must inevitably lead to some ‘errors.’”The celebrity magician Teller, a Philadelphia native, called the Mütter a place of electrifying frankness. But, like museums everywhere, the Mütter is reassessing what it has and why it has it. Recently, the institution enlisted a public-relations consultant with expertise in crisis management to contain criticism from within and without.
Persons: Jack Russell, Grover, ” Cheng, Eng, , Dean Richardson, Veterinary Medicine’s, Teller Organizations: College of Physicians of, Soap, , University of Pennsylvania School, Veterinary, Veterinary Medicine’s New Bolton Center Locations: College of Physicians of Philadelphia, China, Philadelphia
Go with a growth mindsetPrior to ChatGPT's public launch, most managers had minimal experience using generative AI. That changed quickly as some businesses — including IBM — suggested that managers start using AI or risk losing their jobs. The better question for leaders is, "Do I believe I can learn to leverage generative AI in a productive way?" We are seeing this at an organizational level with AI, as some leaders put the brakes on using generative AI, based in part on perception of an AI-related skills gap among employees and the challenge of filling that. The conclusion here is that to get the best of generative AI, don't play into a dictator-servant relationship.
Persons: Leigh Thompson, Thompson, I've, IBM —, Carol Dweck's, Siri, Phil Zimbardo's, , ChatGPT Organizations: Kellogg School of Management, Northwestern University, IBM, Alexa, Research, Stanford
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