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☆ From black gold to green power: Texas, weirdly, is leading America's clean energy future
▼ + stars: | 2023-11-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +16 min

John DavisDeals like Davis' have made Texas — America's oil capital for more than a century — the top producer of renewable energy in the US. The state has long generated the most wind power and is second only to California as a solar-energy producer. The high-stakes battle for Texas' energy future is a microcosm of how tricky America's green transition is shaping up to be, especially when politics are involved. Slowing down renewable energy could cost Texas in the long term, both economically and socially. The coalition seems to be growing stronger, even as Texas politicians shift further to the right on issues beyond renewable energy.

Persons: John Davis, Davis, Greg Abbott, Critics aren't, there's, George W, Bush, Rick Perry, Abbott, Winter Storm Uri, hasn't, it's, It's, Judd Messer, Madeline Gould Laughlin, Michael Looney, San Angelo Chamber of Commerce Brent Bennett, Bennett, Messer, That's, Enel's Laughlin, Enel, Sandhya Ganapathy, Catherine Boudreau Organizations: Menard, RES, Texas, Republican, Texans, Power Alliance, John Davis Texans, University of Texas, Winter Storm, ERCOT, Bloomberg, Texas Public Policy Foundation, Texas Energy Fund, Advance Power Alliance, San, San Angelo Chamber of Commerce, Chamber of Commerce, ExxonMobil, Chevron, West Texas Chamber of Commerce, Lone Star, EV Locations: North Dakota, Texas, America, Nowhere, Menard , Texas, Concho County , Texas, California, Menard, Austin, San Angelo, Midland , Texas

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Microsoft's shares (MSFT.O) advanced 1.4%, notching a record high after CEO Satya Nadella said Altman is set to join the company to lead a new advanced AI research team. The Fed is expected to issue minutes of its November meeting on Tuesday, which will be parsed for clues on the direction of U.S. interest rates. Advancing issues outnumbered decliners by a 1.03-to-1 ratio on the NYSE and by a 1.39-to-1 ratio on the Nasdaq. The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 32 new highs and 24 new lows.

Persons: Brendan McDermid, Bristol Myers, Sam Altman, Satya Nadella, Altman, Ken Polcari, Nvidia, Germany's Bayer, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Microsoft, Bristol, Dow, Nasdaq, Federal Reserve, Kace Capital Advisors, Traders, Dow Jones, Bristol Myers Squibb, Sunday, United Rentals, Ashtead, Boeing, Deutsche Bank, NYSE, Thomson Locations: New York City, U.S

☆ Texans to Vote on Funding to Modernize Electricity Generation
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

By Nicole JaoNEW YORK (Reuters) - Texans are set to vote on Tuesday on a constitutional amendment to determine whether the state will create a special fund for financing the "construction, maintenance, and modernization of its electric generating facilities." The energy fund would be administered and used only by the Public Utility Commission of Texas to provide loans and grants to maintain and upgrade electric generating facilities. The biggest chunk of the fund, $7.2 billion, would go into loans and incentives to build new power-generating facilities in the ERCOT (Electric Reliability Council of Texas) region. The proposal, titled Proposition 7, is one of several efforts by lawmakers and regulators in Texas to avoid another energy crisis like the one caused by a deadly winter storm in February 2021. That storm, known as Winter Storm Uri, left millions without power, water and heat for days as ERCOT struggled to prevent a grid collapse after the shutdown of an unusually large amount of generation.

Persons: Nicole Jao, Storm Uri, ERCOT, Cynthia Osterman Organizations: Texans, Public, Commission, of, Storm Locations: Texas, of Texas

“If we put our hands up, we will have a food crisis in Israel.”The Israel-Hamas war has plunged Israel’s agricultural heartlands, located around the Gaza Strip and in the north near the Lebanese and Syrian borders, into crisis. Meanwhile, farms in the north produce 40% of the country's sub-tropical fruit and 70% of its eggs, the Agriculture Ministry said. It also plans to build greenhouses to make up for potential shortages, construct hundreds of bomb shelters near farms and support volunteer efforts to fill labor gaps. Before the war, roughly half of Israel's agricultural workforce was composed of foreign and Palestinian labor. As Israel calls 360,000 reservists up for military service, posts from pickers to truck drivers have been left abandoned, the Agriculture Ministry says.

Persons: Avi, —, ”, Chivivian, Uri Dorman, Dorman, Yated, “, I’m, Ben Assayag, it’s, Liad Vaknin, ” Vaknin, Marcelo, Wasser, “ I’m, ” ___ Frankel Organizations: Agriculture Ministry, Israel Farmers, West Bank, Israel’s Dairy, ” Volunteers Locations: ASHKELON, Israel, Gaza, Yated, Lebanese, Turkey, Haifa, Jerusalem, overdraft, Thailand, Rwanda, Ashkelon, Nirim, Argentina

☆ The Lost Promise of the Oslo Accords - The New York Times
▼ + stars: | 2023-10-30 | by ( Serge Schmemann | ) www.nytimes.com time to read: +7 min

As a result, the Oslo peace process he had begun, named after the city where it was secretly hatched, had become irreversible. In fits and starts, the Oslo process ground to a halt, and the Israeli “peace camp” that had championed it disintegrated. We must live side by side in peace, equality and cooperation.” Mr. Savir and Mr. Qurei emerged close friends from the negotiations. (Mr. Savir died last year; Mr. Qurei in February). In the 1996 electoral campaign following Mr. Rabin’s death, Mr. Netanyahu attacked Shimon Peres, Mr. Rabin’s partner and often guide in the Oslo negotiations, for “subcontracting” Israeli security to the Palestinians.

Persons: Yitzhak Rabin, Rabin, Yasir Arafat, ”, Rabin’s, Benjamin Netanyahu, dispossession, Uri Savir, Ahmed Qurei, “, we’ve, Qurei, Abu Ala, ” Mr, Savir, Arafat, Netanyahu, Shimon Peres, subcontracting, Ariel Sharon’s, Mahmoud Abbas Organizations: Mr, Palestine Liberation Organization, Palestinian Authority, West Bank Locations: Oslo, Israel, Lebanon, Gaza, Palestinian, Jerusalem, Ramallah, United States

☆ Dispatch From Israel’s Northern Border as Hezbollah Tensions Mount
▼ + stars: | 2023-10-24 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Kibbutz Survivor Recounts Hiding With Daughters as Husband Fought Hamas After Hamas fighters attacked Israel’s Kfar Aza kibbutz, Uri Rousso died trying to protect his community. His wife Dafna and their three daughters hid in a safe room for 18 hours, not knowing if he was alive. She shares their story with WSJ. Photos: Ben C. Solomon

Persons: Husband, Israel’s Kfar, Uri Rousso, Dafna, Ben C, Solomon Locations: Israel’s Kfar Aza

☆ Watch: Kibbutz Survivor Recounts Hiding With Daughters as Husband Fought Hamas
▼ + stars: | 2023-10-22 | by ( ) www.wsj.com time to read: 1 min

After Hamas fighters attacked Israel’s Kfar Aza kibbutz, Uri Rousso died trying to protect his community. His wife, Dafna Rousso, and their three daughters hid in a safe room for 18 hours, not knowing if he was alive. She shares their story with WSJ. Photos: Ben C. Solomon

Persons: Israel’s Kfar, Uri Rousso, Dafna Rousso, Ben C, Solomon Locations: Israel’s Kfar Aza

☆ Released American Hostages Face a Long Road to Healing, Father Says
▼ + stars: | 2023-10-21 | by ( John Keilman | Ginger Adams Otis | ) www.wsj.com time to read: 1 min

U.S. citizens Natalie Raanan, left, and her mother, Judith Raanan, seen in an image from a video following their release Friday at the Israel-Gaza border. Photo: ReutersEVANSTON, ILL.— The father of American Natalie Raanan , who was kidnapped and held hostage by Hamas for two weeks along with her mother, hopes she’s home for her birthday. The teenager from Evanston, Ill., turns 18 on Tuesday, her father, Uri Raanan , said on Saturday.

Persons: Natalie Raanan, Judith Raanan, she’s, Uri Raanan Organizations: Reuters Locations: Israel, Gaza, Reuters EVANSTON, Evanston, Ill

☆ ‘There Is a Long Road Ahead to Healing,’ Says Father of Released American Hostage
▼ + stars: | 2023-10-21 | by ( ) www.wsj.com time to read: 1 min

Family members of the two Americans released Friday by Hamas are counting the days until they are back in the U.S.Uri Raanan, the father of Natalie Raanan, who along with her mother Judith was held hostage for about two weeks, said he hopes they can celebrate his daughter’s Oct. 24 birthday together at his home outside Chicago.

Persons: Uri Raanan, Natalie Raanan, Judith Locations: U.S, Chicago

They were the first hostages confirmed by both sides in the conflict to be freed since Hamas gunmen burst into Israel and killed 1,400 people, mainly civilians, and abducted around 200 others. Abu Ubaida, a spokesperson for Hamas' armed wing, said the hostages were released in part "for humanitarian reasons" in response to Qatari mediation efforts. HEAVY BOMBARDMENTPalestinian media reported heavy Israeli bombardment in Gaza overnight, including a strike on a house in Jabalia in northern Gaza that killed at least 19 people. [1/8]Judith Tai Raanan and her daughter Natalie Shoshana Raanan, U.S. citizens who were taken as hostages by Palestinian Hamas militants, walk while holding hands with Brig.-Gen. Israel has already told all civilians to evacuate the northern half of the Gaza Strip, which includes Gaza City.

Persons: Netanyahu, Benjamin Netanyahu, Judith Tai Raanan, Natalie, Gal Hirsch, Uri Raanan, we'll, Abu Ubaida, Israel, Yoav Gallant, Gallant, it's, Natalie Shoshana Raanan, Antony Blinken, Biden, Antonio Guterres, Nandita Bose, Nidal, Idrees Ali, Stephen Coates, Diane Craft Organizations: Gaza Hamas, Friday, Reuters, Israeli, Brig, Palestinian, of Saint, United, Israel, Hamas, West Bank, Thomson Locations: Gaza, GAZA, JERUSALEM, Israel, Bannockburn , Illinois, Chicago, Jabalia, U.S, Jerusalem, of Saint Porphyrius, Gaza City, Iran, United States, United Nations, Rafah, Egypt, Palestinian, Jericho, Washington

☆ Waze founder Uri Levine on Israel-Hamas War, ripple effects and business outlook
▼ + stars: | 2023-10-18 | 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 EmailWaze founder Uri Levine on Israel-Hamas War, ripple effects and business outlookUri Levine, Waze co-founder, joins 'Power Lunch' to discuss President Biden's visit to Tel Aviv, business in Israel, and more.

Persons: Uri Levine, Waze, Biden's Locations: Israel, Tel Aviv

☆ Father of 2 women at Israeli music festival said he doesn't know where they are, fears they are 'lying in a ditch' in Gaza
▼ + stars: | 2023-10-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Two women who attended Israel's Nova festival are missing. Their father said he fears they have been raped or left in a ditch in Gaza. About 260 bodies were recovered from the grounds of the Nova music festival, an NGO said. AdvertisementAdvertisementThe distressed father of two women who have gone missing after attending the Nova music festival in southern Israel said that he fears his children may have been dumped in a ditch somewhere in Gaza. About 260 bodies were recovered from the grounds of the Nova music festival, said a spokesperson for ZAKA, an Israeli NGO rescue and recovery organization, according to multiple media outlets.

Persons: —, Uri David, David Organizations: Israel's, Nova, Service, Israel Defense Forces Locations: Gaza, Israel, Urim, Israeli

☆ Israel retaliates after Hamas attacks, deaths pass 1,100
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +10 min

Israeli military spokesperson Lieutenant Colonel Jonathan Conricus said the country had called in around 100,000 soldiers. Iran is an ally of Hamas and while it congratulated Hamas on the attack, its mission to the United Nations said Tehran was not involved in the attacks. Several international air carriers have suspended flight services with Tel Aviv in light of the Hamas attack, saying they are waiting for conditions to improve before resuming. In Gaza, Hamas spokesperson Hazem Qassem condemned the U.S. announcement as "an actual participation in the aggression against our people" and said the group would not be intimidated. The United States led Western denunciations of Hamas' attack, with Biden issuing a blunt warning to Iran and others on : "This is not a moment for any party hostile to Israel to exploit these attacks."

Persons: Israel, Benjamin Netanyahu's, Yoav Gallant, Jonathan Conricus, Brent, Ebrahim Raisi, they're, They're, Yoni Asher, Uri David, Mohammed Salem, Attar, Daniel Hagari, Netanyahu, Aaron David Miller, Joe Biden, Lloyd Austin, Gerald R, Hazem Qassem, Lebanon's, Peacemaking, Ismail Haniyeh, Gazans, Maayan Lubell, Ari Rabinovitch, Nidal, Ammar Anwar, Henriette Chacar, Emily Rose, Dan Williams, Ali Sawafta, Steven Scheer, James Mackenzie, Angus McDowall, Andrew Cawthorne, Matt Spetalnick, Stephen Coates, Michael Perry Organizations: Fighters, United Nations, Nasdaq, Sunday, REUTERS, White, National Security, Islamic, Carnegie Endowment, International, . Defense, Ford Carrier Strike Group, Palestinian, West Bank, Palestinian Authority, Jerusalem, United, Biden, Thomson Locations: Gaza, JERUSALEM, GAZA, Israel, Egypt, Yom, Ofakim, Iran, Tehran, Tel Aviv, Lebanon's Iran, Palestine, Gaza City, Palestinian, U.S, Saudi Arabia, United States, Jerusalem, Sderot, Ramallah, Modiin, Washington

☆ Switzerland's glaciers lose a 'mindblowing' volume of ice in just two years
▼ + stars: | 2023-09-28 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —Glaciers in Switzerland are shrinking at a “mind-blowing” rate. In 2023, the country’s glaciers lost 4% of their total volume, according to data from the Swiss Commission for Cryosphere Observation of the Swiss Academy of Sciences. To put this into perspective, Swiss glaciers have lost as much ice over this two-year period as was lost over the three decades between 1960 and 1990. Matthias Huss/GLAMOSThe two extreme years have led to glacier tongues collapsing and many small glaciers in the country disappearing altogether. Several meters of ice disappeared in southern Valais and the Engadin valley at altitudes of more than 3,200 meters (10,500 feet), according to GLAMOS.

Persons: CNN —, ”, Matthias Huss, GLAMOS, ” Huss, Huss, “ Organizations: CNN, Swiss Commission, Swiss Academy of Sciences, Glacier Monitoring Locations: Switzerland, Uri, Valais, Grisons, Switzerland’s

☆ Cooperation between Israel and Gulf countries would create more opportunities, says Waze co-founder
▼ + stars: | 2023-09-27 | 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 EmailCooperation between Israel and Gulf countries would create more opportunities, says Waze co-founderUri Levine, Waze co-founder, says "cooperation is better than competition."

Persons: Waze, Uri Levine Organizations: Cooperation Locations: Israel, Gulf

☆ Disgraced Harvard professor Francesca Gino's $25 million lawsuit will scare researchers away from calling out fraud, scholars fear
▼ + stars: | 2023-08-04 | by ( Kate Taylor | ) www.businessinsider.com time to read: +8 min

Francesca Gino is suing Harvard and bloggers who accused her of data fraud for $25 million. Francesca Gino is suing Harvard and the bloggers who accused her of data fraud in a $25 million lawsuit. The Harvard professor claims they "worked together to destroy my career and reputation." In the June blog posts, Data Colada reported on a series of anomalies in Gino's data. Some worry the lawsuit will make exposing data fraud even more difficultGino is not the first high-profile professor that Data Colada has accused of unethical behavior.

Persons: Francesca Gino, Gino, Data Colada, —, Uri Simonsohn, Joe Simmons, Leif Nelson —, Gino's, Simine Vazire, Goldman Sachs, Michael Sanders, Colada, Gary Pisano, Harvard, Data, Sanders, ESADE Business School —, Francesca Gino's, Simonsohn, Simmons, Nelson, Nick Brown, Vazire Organizations: Harvard, Data, LinkedIn, Data Colada, University of Melbourne, Disney, Alaska Airlines, Harvard Business School, King's College London, ESADE Business School, YouTube, Wharton Locations: Harvard

☆ Flagship Odey fund slimmed down by manager Neave, exits commodity futures
▼ + stars: | 2023-08-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

OAM, which declined to comment, will send out further correspondence about how the Odey European Inc fund will be restructured, the letter said. OAM reorganised many of its funds in June and Neave took over the flagship Odey European Inc fund, amid fears of an investor exodus following the allegations. Since then, Neave has reduced the size of the hedge fund's investments in stocks, bonds and, in June, sold out of its gold futures. The fund closed out its direct exposure to gold futures, the letter said. Odey European Inc has kept some exposure to commodities through long positions related to the crude and palm oil company stocks, the letter said.

Persons: Freddie Neave, Crispin Odey's, Crispin Odey, Odey, Neave, Leopalace, Nell Mackenzie, Amanda Cooper, Alexander Smith Organizations: Reuters, Odey Asset Management, Financial Times, Tortoise Media, Inc, United Rentals, Learning Technologies, Jadestone Energy, Thomson

☆ Harvard professor Francesca Gino was accused of faking data. Now her million-dollar empire is crumbling — and scholars are eyeing who's next.
▼ + stars: | 2023-08-01 | by ( Kate Taylor | ) www.businessinsider.com time to read: +22 min

"We believe that many more Gino-authored papers contain fake data," the Data Colada professors wrote. Data Colada found that the raw data showed clear anomalies, such as a distribution infinitely more likely to be produced by a random-number generator than actual people. Soon after, Data Colada ran an article alleging that Gino tampered with data in at least one of her honesty-pledge experiments. A post on Data Colada or a tweet from Brown is like a bomb going off in the behavioral-science world. Others who attempted to build on Gino's studies are grappling with having wasted time, money, and energy.

Persons: It's, Francesca Gino, Gino, Michael Sanders, Greg Burd, —, Hugo Boss, Gino coauthoring, Swarthmore College's Bhanot, Maurice Schweitzer, Simine Vazire, Sanders, Goldman Sachs, Schweitzer, they'd, Uri Simonsohn, Joe Simmons, Leif Nelson —, Data Colada, Dan Ariely, Ariely, Chris Goodney, Harvard, Colada, Nick Brown, Brown, Jeff Lees, Lees, There's Ariely, Brian Wansink's, HBS's Amy Cuddy's, Cuddy, Amy Cuddy's, Marie Claire's, Allison Williams, Astrid Stawiarz, Marie Claire Simonsohn, Simmons, Nelson, they're, Gordon Pennycook, Pennycook, it's, Bhanot Organizations: TED, Twitter, LinkedIn, Harvard, Wharton, Swarthmore College, Harvard Business School, Alaska Airlines, King's College London, Tione, University of Trento, Sant'anna, Studies, Carnegie Mellon University, University of North, Wired, Forbes, Google, Swarthmore, University of Melbourne, Disney, Lavin Agency, Data, Duke University, who's, NBC, BuzzFeed News, Bloomberg, Getty, Privately, Higher Education, Hill, Duke, US Department of, Cornell University, New York Times Locations: Trento, Pisa, University of North Carolina, HBS, Guatemala, Boston, New York, British, Guatemalan

☆ Small Town ‘Tradio’ and More: The Week in Reporter Reads
▼ + stars: | 2023-07-14 | by ( ) www.nytimes.com time to read: +1 min

In 1973, a young man named Uri Geller appeared on one of the BBC’s most popular television shows, “The Dimbleby Talk-In,” and announced that the laws of Newtonian physics did not apply to him. A handsome 26-year-old Israeli, dressed casually and flanked by a pair of academics, Mr. Geller performed a series of bewildering feats using nothing more, he said, than his mind. Then he appeared to bend a fork simply by staring at it. Because at the core of his performance was a claim of boggling audacity: that these were not tricks. ◆ ◆ ◆Written and narrated by Andy Kifer

Persons: Uri Geller, “, ”, Geller, ◆, Andy Kifer

CNN —Eight people were injured after a car driver rammed into pedestrians near a Tel Aviv shopping center and then got out of the vehicle to stab civilians, Israeli officials said Tuesday. A police spokesperson described the car ramming on Pinchas Rosen Street in northern Tel Aviv as a “terror attack,” and told CNN the driver was killed by an armed civilian. “This terror attack was combined, both of the vehicle hitting pedestrians, and then the driver, leaving the car, going outside, and stabbing innocent civilians,” he said. Hamas praised the attack in Tel Aviv, a statement by the militant group’s spokesman Abdel Latif Al-Kanoa said. “The heroic operation of Tel Aviv is the beginning of the response to the aggression of the Zionist occupation on Jenin,” Al-Kanoa said.

Persons: Pinchas Rosen, Uri Shacham, ”, “ Magen David Adom, David Adom, Abdel Latif Al, Kanoa, ” Al, Tuesday’s, Khaled Al Batsh Organizations: CNN, West, Emergency Service Locations: Tel Aviv, West Bank, Jenin, Israel’s, ”

☆ Waze co-founder: My destiny is about value creation
▼ + stars: | 2023-06-21 | 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 EmailWaze co-founder: My destiny is about value creationUri Levine, Waze co-founder, joins 'Squawk Box' to discuss what makes Levine do what he does, why people should focus on the problem, and more.

Persons: Uri Levine, Waze, Levine

☆ Leaked memo: Amazon Studios parts ways with a longtime MGM film exec and expands others' roles in shakeup
▼ + stars: | 2023-05-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Amazon Studios is shaking up its business ranks in the wake of its acquisition of MGM. Feldman has been at Amazon Studios since 2015 and was a VP at MTV for about four years before that. Feldman has been at Amazon Studios since 2015 and was a VP at MTV for about four years before that. Also getting new responsibilities is Sam Semon , who will have international business affairs consolidated under him, adding oversight for Ingrid Auyón Tanji, who leads business affairs in Latin America. , who will have international business affairs consolidated under him, adding oversight for Ingrid Auyón Tanji, who leads business affairs in Latin America.

☆ Israel tech firms to continue job layoffs in 2023 -report
▼ + stars: | 2023-05-16 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

JERUSALEM, May 16 (Reuters) - Israeli high-tech firms have largely halted job hiring and many are expected to continue layoffs this year, a report on the country's tech sector showed on Tuesday. Israel's tech sector is a key growth driver, accounting for 15% of economic output, 10% of jobs, more than 50% of exports and 25% of tax income. On the heels of slower growth, tech firms raised $15 billion last year, down from a record $27 billion in 2021. In 2022, the number of employees in the high-tech sector increased by just 7.4%, versus 12% in 2021, the SNPI report said. Along with layoffs, one-third of companies do not plan salary raises in 2023, according to the report.

☆ Backup Power: A Growing Need, if You Can Afford It
▼ + stars: | 2023-05-06 | by ( Ivan Penn | Peter Eavis | ) www.nytimes.com time to read: +1 min

“The neighborhood has lost power a whole lot, but I have not,” Ms. Dudley said. Ms. Dudley estimates that her utility bills are about $2,300 a year lower because of that investment and her geothermal system. Generator companies believe that growing electricity usage and the threat of outages will keep demand high for their products. Many people also bought generators because of severe weather, including an extreme heat wave in 2021 in the Pacific Northwest, and winter storm Uri, which caused days of blackouts in Texas and killed an estimated 246 people. “People are thinking about this,” Mr. Jagdfeld said, “in the context of the broader changes in climate and how that may be impacting not only the reliability of power but the things that they need that power provides.”

☆ These stocks will help investors break out of the sideways market doldrums, BMO says
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The stock market could be volatile and stay rangebound for the foreseeable future — but that doesn't mean investors should sit it out, according to BMO. The Canadian bank's year-end target of 4,300 for the S & P 500 implies just a 3.2% upside from where the broad index finished Monday. "Nonetheless, investors should remain opportunistic by employing active decision-making, in our view, as our analysis suggest that plenty of investment opportunities still exist even during range-bound market periods." He screened for stocks that have forword price-to-earnings multiples below the S & P 500 and forword earnings per share growth that's greater than the S & P 500's. The Delaware company also missed revenue expectations, reporting $3.02 billion against the $3.10 billion anticipated.

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