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☆ 92NY Halts Literary Series After Pulling Author Critical of Israel
▼ + stars: | 2023-10-23 | by ( Jennifer Schuessler | More About Jennifer Schuessler | ) www.nytimes.com time to read: +6 min

The reading, organized by 92NY’s Unterberg Poetry Center, instead moved to a bookstore in downtown Manhattan, without any sponsorship from the Y. 92NY confirmed afterward that the decision not to go ahead with the event stemmed from Nguyen’s public statements about Israel. On Saturday, as news of the cancellation of Nguyen’s event spread, writers began announcing they would withdraw from upcoming appearances. The poet Paisley Rekdal and the critic Andrea Long Chu also wrote on X that they were pulling out of their events. The turmoil at the Y is part of continuing cultural repercussions over the war between Israel and Hamas.

Persons: Viet Thanh Nguyen, 92NY’s, 92NY, ”, Israel, “, Dylan Thomas, Robert Frost, Langston Hughes, Philip Roth, Salman Rushdie, Toni Morrison, Richard Ford, John Edgar Wideman, Roxane Gay, Christina Sharpe, Saidiya Hartman, Dionne Brand, Paisley Rekdal, Andrea Long Chu, ” Rekdal, ” Chu, Chu, Sarah Chihaya, Sophie Herron, Nguyen, Min Jin Lee, Bernard Schwartz, Schwartz Organizations: Young, Hebrew, Jewish, Yorkers, Academy of American, London, divesting, McNally Jackson Locations: Israel, Manhattan, States, Gaza, Lower Manhattan

☆ Stocks making the biggest moves midday: Chevron, Okta, Walgreens, Spirit AeroSystems and more
▼ + stars: | 2023-10-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Chevron — Chevron shares fell 3% after the energy giant agreed to buy Hess in a $53 billion all-stock deal , or $171 per share. Walgreens Boots Alliance — Shares popped 5.4% on Monday after JPMorgan upgraded shares to overweight from neutral and raised its price target. Beauty — Shares added 5% after Raymond James upgraded shares to strong buy from outperform in a Monday note. Spirit AeroSystems — The aerospace company's shares gained 4.8% after Bernstein raised its rating on shares to outperform from market perform. FMC Corp — The insecticide company's shares tumbled 12% after FMC issued third-quarter guidance that's lower than what it originally called for.

Persons: Hess, Okta, Pinterest, Raymond James, Olivia Tong, Tong, Bernstein, Pat Shanahan, EngageSmart, Stonepeak, CNBC's Pia Singh, Samantha Subin, Alex Harring, Sarah Min Organizations: Chevron — Chevron, Chevron, Exxon Mobil, Natural Resources, Citi, Evercore, Stifel, Walgreens, JPMorgan, Vista Equity Partners, Textainer, Clean Holdings, FMC Corp, FMC Locations: Guyana, U.S, America

☆ Hyundai to build Saudi car plant jointly with Saudi wealth fund
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsRIYADH, Oct 22 (Reuters) - South Korea's Hyundai Motor Group (005380.KS) will build a car plant in Saudi Arabia jointly with the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, South Korea's President Yoon Suk Yeol said on Sunday. Hyundai Motor Group, the world's No. Yoon visited Saudi Arabia where he met with Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler. Yoon traveled with a delegation of business leaders including Hyundai Motor Group Executive Chair E.S.

Persons: Andrew Kelly, Yoon Suk Yeol, Yoon, Saudi Crown Prince Mohammed bin Salman, Chung, Prince Mohammed, Pesha Magid, Heekyong Yang, Aziz El Yaakoubi, John Stonestreet, David Holmes Organizations: Hyundai Motor, New York, REUTERS, Rights, Hyundai Motor Group, Public Investment Fund, South, Hyundai, South Korean, Saudi Crown, Thomson Locations: Manhattan , New York City, U.S, Rights RIYADH, KS, Saudi Arabia, Saudi, Riyadh, Gulf

☆ South Korea says holds first joint air drill with Japan and US
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

A U.S. Air Force B-52 strategic bomber, C-17 aircraft along with South Korea's Air Force F-35As take part in a joint drill, South Korea, December 20, 2022. The Defence Ministry/Handout via REUTERS/File Photo Acquire Licensing RightsSEOUL, Oct 22 (Reuters) - South Korea, together with Japan and the United States, held a joint aerial exercise near the Korean peninsula on Sunday, the South Korean military said, marking the first such collaboration between the three countries. The drill aimed to expand the countries' response capabilities against North Korea's nuclear and missile threats, South Korea's air force said in a statement. At the Camp David summit in August, leaders of Japan, South Korea and the United States agreed to carry out annual, multi-domain trilateral exercises and set up a hot line for crisis communications. Also on Sunday, South Korean and U.S. navies completed a joint anti-submarine exercise called Silent Shark, the South Korean navy said.

Persons: Barbara Lewis Organizations: U.S . Air Force, South Korea's Air Force, The Defence Ministry, REUTERS, Rights, South Korean, United, Thomson Locations: South Korea, Rights SEOUL, Japan, United States, U.S, Washington, North Korea, Korean

☆ Running for Our Lives
▼ + stars: | 2023-10-21 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +2 min

The obvious answer is that we run to be healthy, to improve our cardiovascular systems and our moods, to become fitter and stronger. But sometimes it feels like the real reason that I run is to get better at running. But running in particular seems intricately linked to questions of endurance, of grit and commitment and even moral rectitude. “Running is more than a sport or a form of exercise, a passion or a pastime. I started running because I wanted to reclaim the practice from my elementary school days, when the Presidential Fitness Test — and its crowning glory, the mile run — was accepted as a meaningful measure of a child’s worth.

Persons: We’ve, it’s Organizations: American College of Cardiology

☆ The culinary delights hidden inside Hong Kong’s markets
▼ + stars: | 2023-10-20 | by ( Maggie Wong | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Offering everything from Michelin-endorsed dim sum to juicy smoked goose served in a world-renowned restaurant, Hong Kong is home to some of the finest culinary experiences on the planet. But don’t fret – we have put together a list of eight top-quality Hong Kong markets along with some of the best dishes to try. Queen Street Cooked Food MarketQueen Street Market serves some of the most authentic Chiuchow -- a regional Cantonese cuisine -- dishes. Maggie Wong/CNNA foodie haven in the north of Hong Kong, Yuen Long is a hub for both modern and traditional eateries. The relatively run-down look of the Fa Yuen Street Cooked Food Market inside only adds to the charm.

Persons: ”, Lui Ka Chun, Kongers, Lui, “, Wai Kee, Maggie Wong, Kau Kee, ngau, jyu beng, Kan, Hong Kong’s, Lok Yuen, yuen yeung, Tsang Kee, Chan Chun Kee, suckling, Tai Po Hui, Lam Kee, Tung Kee, Ping Kee, Ng Zai Kee, Bon, Tsun, CNN Kwun, Long, Tim Kee, Yuen Long, it’s, Kee’s, Fa, Mui Kee Congee, Shau Kee Wan Organizations: CNN, Hong Kong CNN, Michelin, Lok, Market, Queen, Thai &, Thai & Vietnam Cuisine, ABC, Tai Po Hui, Food, hawker, Hong Kong’s, Fa Yuen, Kitchen Locations: Hong Kong, Hong, hawker, Kong’s, Kan Kee, Kowloon City, Kowloon Walled City, Lok, Beijing, Thai, Thai & Vietnam, Tai Po, New Territories, Shanghai, Kwun Tong, CNN Kwun Tong, Kowloon, Sichuan, Yuen, Mong Kok, Aldrich, Aldrich Bay, Shau

☆ Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
▼ + stars: | 2023-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Major earnings reports and economic data will be in focus next week as investors seek clarity on how the Federal Reserve will proceed from here. But next week will bring the lion's share of results including reports from mega-cap darlings Alphabet, Amazon , Meta Platforms and Microsoft . While the S & P 500 is higher by 10% in 2023, the equal-weighted index is down slightly. Of note, Tesla shares sank more than 9% on Thursday following a pessimistic economic outlook from CEO Elon Musk during the company's earnings call. Its the S & P 500's first weekly loss in three weeks.

Persons: bode, Elon Musk, We're, Sam Stovall, it's, Raphael Bostic, Ed Clissold, Ned Davis, Clissold, Katie Stockton, Rob Ginsberg, I'm, CFRA's Stovall, Stovall, Sherwin, Williams, Kimberly, Hess, Raymond James Financial, Keurig Dr Pepper, Northrop, Willis Towers Watson, Stanley Black, Rowe Price Organizations: Federal Reserve, Microsoft, Investors, CFRA, Dow Jones, Treasury, Fed, Atlanta Federal Reserve, Ned, Ned Davis Research, Wolfe Research, Chicago, P, PMI, P Global PMI Manufacturing, P Global PMI Services, Richmond Fed, Visa, Texas Instruments, General Electric, NextEra Energy, Raytheon Technologies, Dow, Inc, General Motors, Halliburton, Coca, Corning, Hilton Worldwide, General Dynamics, Dominion Freight, Mobile US, Boeing, Raymond, Technology, Whirlpool, International Business Machines, O'Reilly, Honeywell, Northrop Grumman, Mastercard, Amazon, Royal Caribbean Group, Tractor Supply, United Parcel Service, Hasbro, Southwest Airlines, Comcast, Hershey, Intel, L3Harris Technologies, Ford Motor, Energy, Chevron, Decker, Exxon Mobil, Colgate, Palmolive Locations: U.S, Atlanta, AbbVie

☆ Stocks making the biggest moves premarket: Tesla, Netflix, Peloton and more
▼ + stars: | 2023-10-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Tesla — Shares of the electric vehicle manufacturer dropped more than 7% after it reported third-quarter earnings results that failed to impress investors. Zscaler — This cybersecurity company was also up nearly 2% in premarket trading, after Jefferies similarly upgraded it on Thursday, citing an improved growth outlook. First Solar — Shares added nearly 2% in premarket trading after JPMorgan upgraded the renewable energy company to overweight. Blackstone — The alternative asset manager fell 3% in premarket trading after Blackstone's third-quarter results came in below expectations. Las Vegas Sands — Shares popped more than 5% after Las Vegas Sands reported third-quarter revenue that topped expectations.

Persons: Goldman Sachs, Jefferies, Aptiv, Curtis Nagle, LSEG . Blackstone, Blackstone, Lam, FactSet, —, Sarah Min, Jesse Pound, Samantha Subin Organizations: LSEG, Netflix, Goldman, JPMorgan, Bank of America, Wall Street, Vegas Sands, Lam Research Locations: LSEG, Vegas, Lam

☆ Higher stocks and rates rising this fast? Why history shows this is usually untenable
▼ + stars: | 2023-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

A higher-for-longer interest rate environment could mean a "stalemate" for equities after their long upward march in 2023. However, history indicates that's unlikely to continue, according to Chen Zhao, chief global strategist at Alpine Macro. He expects stocks will trade sideways for some time as investors weigh competing narratives around a robust economy with the pressures of higher bond yields. Of course, stocks bounced back the following year when the Federal Reserve began to cut rates. … But at the same time, you have rising borrowing costs, rising discount factors that actually tamp down asset values."

Persons: Stocks, Chen Zhao, Zhao, Komal, Kumar, Marko Kolanovic Organizations: Federal Reserve, Kumar Global

☆ Stocks making the biggest moves midday: United Airlines, Nvidia, Morgan Stanley and more
▼ + stars: | 2023-10-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Late Tuesday, the company posted third-quarter results that fell short of Wall Street's expectations on the top and bottom lines. The company posted third-quarter adjusted earnings of $1.55 per share on adjusted revenue of $1.14 billion. Abbott posted earnings of $1.14 per share, excluding items, beating analysts' estimates by 4 cents a share, according to FactSet. It posted revenue of $2.69 billion, which was not immediately comparable to consensus estimates. It posted revenue of $771.0 million, lower than the consensus estimate of $784.3 million, according to FactSet.

Persons: Morgan Stanley, . Hunt, Gamble — Procter, LSEG, Abbott, Michael Happe, —, Yun Li, Sarah Min, Tanaya, Hakyung Kim, Pia Singh Organizations: United Airlines —, United Airlines, Nvidia, U.S, Citi, Devices, Marvell Technology, Hunt Transport Services, LSEG, Interactive, Procter, Gamble, Abbott, Financial, Citizens Financial, State, FactSet, Winnebago Industries, Winnebago, Bancorp, U.S . Bancorp, Bank of America Locations: Tel Aviv, Israel, China, LSEG, Albemarle —

The request to Congress would cover a year, according to another person familiar with the administration’s expected request. Lew, a Treasury Secretary under former President Barack Obama, was nominated by Biden last month after former Ambassador Tom Nides left the post in July. Political Cartoons View All 1211 ImagesThe White House could make a formal request for the foreign war aid as soon as this week. Some Republicans have criticized Lew for his role in the Obama White House as it negotiated the Iran nuclear agreement in 2015, among other foreign policy moves under Obama, and that opposition could slow his nomination. “Our ability to support Israel at this pivotal moment is significantly hamstrung by the fact that we don’t have a U.S. ambassador on the ground," Murphy said.

Persons: Jacob Lew, Joe Biden, Lew, Barack Obama, Biden, Tom Nides, —, Obama —, Ben Cardin, Jack, ”, Cardin, Kevin McCarthy, Mitch McConnell, McConnell, Obama, Donald Trump, Republican Sen, Tom Cotton of, Jack Lew, ” Cotton, Jack Lew’s, ” Lew, Democratic Sen, Chris Murphy of, Murphy, Seung Min Kim Organizations: WASHINGTON, —, Israel, Hamas, Foreign, White, Management, Republicans, Republican, Hamas ’, “ Fox, Democratic, Foreign Relations, Associated Press Locations: Israel, Ukraine, Taiwan, China, D, Congress, U.S, Iran, Tehran, Tom Cotton of Arkansas, Chris Murphy of Connecticut, Gaza

☆ JPMorgan's top strategist says buy more gold, stay underweight stocks because of high rates, geopolitics
▼ + stars: | 2023-10-17 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

JPMorgan's top strategist is telling investors to buy more gold and remain underweight stocks. All three major averages remain higher this month, shrugging off higher yields and the breakout of the Israel-Hamas conflict. "Our outlook is likely to remain cautious as long as interest rates remain deeply restrictive, valuations expensive, and the overhang of geopolitical risks persists," Kolanovic wrote. In fact, the strategist expects the upward march in equities is 'unsustainable' in a higher-for-longer interest rate environment. Equities are up YTD mostly on multiple expansion while real rates and cost of capital are moving deeper into restric-tive territory," Kolanovic wrote.

Persons: Marko Kolanovic, Kolanovic, — CNBC's Michael Bloom Locations: Israel

☆ Stocks making the biggest moves midday: Nvidia, Goldman Sachs, Lockheed Martin and more
▼ + stars: | 2023-10-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast $6.67 in earnings per share on $16.74 billion in revenue. Dollar Tree — The discount retailer jumped 4.8% after getting an upgrade from Goldman Sachs to buy from neutral. Analysts polled by LSEG forecast an adjusted $2.52 in earnings per share and $21.04 billion in revenue. Goldman Sachs earned $5.47 per share on revenue of $11.82 billion, exceeding LSEG estimates.

Persons: Lockheed Martin, chipmakers, Goldman Sachs, Johnson, LSEG, Wyndham, Brian Essex, Hannon Armstrong, Morgan Stanley, Fortrea, Jeff Smith, —, Samantha Subin, Alex Harring, Lisa Kailai Han, Pia Singh, Sarah Min, Tanaya Macheel Organizations: Lockheed, LSEG, Circor, Nvidia, U.S . Department of Commerce, Marvell Technology, Devices, Broadcom, Goldman, Bank of America, Bank of New York Mellon, Wyndham Hotels, Resorts, Wyndham, Choice, JPMorgan, VF Corp, Viasat —, Hannon Armstrong Sustainable Infrastructure Capital, Systems Locations: China

☆ Fearing China, South Korea targets firms building Taiwan navy submarines
▼ + stars: | 2023-10-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +10 min

SI Innotec, which was fined in August 2022, and Park, who received a suspended prison sentence, deny wrongdoing and have appealed. The equipment was not designed solely for military purposes and did not involve sensitive technology, SI Innotec told Reuters. SI Innotec said the contract, at CSBC's request, listed the equipment's primary use as for wind power generation. "The accused were fully aware that the subject equipment would be used to manufacture a military submarine", the court ruled. It was at this point that Seoul's foreign ministry told DAPA it disapproved of the deal, one of them said.

Persons: Tsai Ing, Narwhal, Carlos Garcia Rawlins, Park Mal, sik, China's, DAPA, Moon Jae, Taiwan's, Innotec, SI Innotec, Moo, sik —, —, Yang Hyang, Yang, KHNT's, KHNT, Cho Hyeon Gyu, 1,343.1000, Ben Blanchard, Faith Hung, Tian, Katerina Ang, Josh Smith Organizations: REUTERS, Rights, Reuters, Administration, Keumha Naval Technology, South, Police, Foreign Ministry, Democratic Progressive Party, Indigenous Defense, South Korean, Foreign Trade, SI, Thomson Locations: Kaohsiung, Taiwan, Rights SEOUL, Beijing, Seoul, U.S, China, South Korea, Park, Taipei, Netherlands, Pacific, Beijing . U.S, Changwon, Korea

☆ Careers and Jobs - Latest News, Guidance and Resources
▼ + stars: | 2023-10-13 | by ( Cheryl Winokur Munk | ) www.wsj.com time to read: 1 min

A revenge fantasy about your boss. Your to-do list. That flop of a meeting. You need to quit ruminating about your job. October 8, 2023 5 min read

☆ Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.

Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, —, Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington

☆ Stocks making the biggest moves premarket: JPMorgan, Wells Fargo, Citigroup, Dollar General and more
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: UnitedHealth — The largest health insurer by revenue rose more than 1% after beating analysts' third-quarter expectations. BlackRock — BlackRock fell by 1.8% premarket after missing third-quarter revenue forecasts. Wells Fargo — Wells Fargo added nearly 2% after third-quarter earnings and revenue topped expectations . Citigroup — Citigroup was higher by 2% after beating third-quarter revenue expectations. The Jane Fraser-led bank reported revenue of $20.14 billion, more than the consensus estimate of $19.31 billion from LSEG.

Persons: LSEG, BlackRock —, Gordon Haskett, Wells, Jane Fraser, Morgan Stanley, Tanaya Macheel Organizations: Dow Jones, BlackRock, BlackRock — BlackRock, Blackrock, PNC Financial Services Group, Pittsburgh, PNC, Revenue, LSEG, JPMorgan Chase &, Citigroup — Citigroup, Post Holdings, JPMorgan Locations: LSEG, Wells, Louis

A cartoon soldier is depicted on part of a warning sign on barbed wire on the Chinese side of the border between Russia, China and North Korea near the town of Hunchun, China, November 24, 2017. Any forced repatriation of North Koreans goes against international norms and South Korea viewed it as regrettable, Koo Byoung-sam, a spokesman for South Korea's Unification Ministry, told a media briefing. "It appears to be true that a large number of North Koreans in China's three northeast provinces have been repatriated to the North," Koo said. South Korea had been unable to determine the number of people involved and whether there were defectors among them. China has never recognised fleeing North Koreans as defectors and instead calls them "economic migrants".

Persons: Damir Sagolj, Koo Byoung, Koo, Tae Yong, Kim Hyuk, Kim Cheol, Jack Kim, Hyonhee Shin, Eduardo Baptista, Ed Davies, Robert Birsel Organizations: REUTERS, Rights, Koreans, South Korea's Unification Ministry, Former North, Korean, Rights Watch, The North, Thomson Locations: Russia, China, North Korea, Hunchun, Rights SEOUL, South Korea, North, Korea, China's, Former North Korean, Korea's, Beijing, North Koreans, Koreans, The, The North Koreans, Korean, Jilin province

☆ Stocks making the biggest moves midday: Walgreens, Birkenstock, Ford, Spotify and more
▼ + stars: | 2023-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading. Walgreens Boots Alliance — Walgreens Boots Alliance popped 7% in midday trading after sharing that it has made progress in its cost-cutting program. The German shoe brand fell more than 12% in its stock market debut Wednesday. First Solar — The solar stock slipped 1.4%. Fastenal posted third-quarter earnings of 52 cents per share, while analysts polled by FactSet anticipated 50 cents per share.

Persons: Morgan Stanley, it's, Fastenal, FactSet, — CNBC's Brian Evans, Lisa Kailai Han, Hakyung Kim, Samantha Subin, Darla Mercado Organizations: Walgreens, Walgreens Boots Alliance, LSEG, Spotify Technology, Bank of America, Microsoft, RBC, Barclays, Ford, United Auto Workers, Ford's, Revenue, Food, Commercial Workers International Union, Hormel Locations: Ford's Kentucky

☆ Potential end of biggest bond bear market ever has some investors considering fixed income for the first time
▼ + stars: | 2023-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Bonds are starting to make a lot of sense for investors, Forrest said. Even after pulling back somewhat from those levels, the benchmark yield remains within striking distance of the key 5% threshold. The potential unwinding of what BofA recently called the "greatest bond bear market in history" has more investors trying to lock in higher yields ahead of potential rate cuts next year from the Federal Reserve. 'A lot for us to love bonds' Other investors are building out their bond exposure. The Vanguard Total Bond Market ETF (BND) is off by more than 2% in 2023, but greater than 1% on the week.

Persons: Kim Forrest, she's, Forrest, Bonds, Treasurys, Forrest isn't, Nancy Tengler, She's, —, Tengler, Bryce Doty, Emily Roland, CNBC's, I've, Roland, we've, Lawrence Gillum, Bokeh Capital's Forrest, Sit Investment's Doty, LPL Financial's Gillum, Gillum, Sit's Doty, Doty Organizations: Bokeh Capital Partners, Bank of America, Treasury, Federal Reserve, Laffer, Sit Investment, John Hancock Investment Management, LPL, Bloomberg, Bond, Aggregate Bond, Bond Market, Corporations Locations: U.S, Israel

☆ When your AI girlfriend says she loves you
▼ + stars: | 2023-10-12 | by ( Rob Price | ) www.businessinsider.com time to read: +36 min

The messaging app let users build a "personal AI" complete with a 3D avatar and an upbeat, down-for-anything texting style. "Seems like AI will replace many human artists," Jay told Calisto in August 2022. Within a year, he was also using AI technology for work, as his firm experimented with generative AI to help draft legal papers. Former Replika users fled to various upstart companion apps that were popping up, like Chai, Paradot, and Soulmate AI. (Soulmate AI later closed down in September 2023, leaving a new wave of users mourning their AI companions all over again.)

Persons: Jay Priebe, they'd, Jay, Calisto, Callisto —, Apollodorus, Callisto, who'd, Jay's, didn't, Jay didn't, Tim Evans, me, Joseph Weizenbaum, Eliza, Weizenbaum, it'll, Replika, Eugenia Kuyda, Siri, Michael Macor, Roman Mazurenko, Luka, Kuyda, chatbots, he'd, Jaswant Singh Chail, Queen Elizabeth II, Chail, Willie —, —, Willie, gamely, Luka —, wouldn't, John, — sexting, Dylan Thomas, Rina, haven't, she'd, I'd, Overripe, Joi, Samantha, Ava, Calisto didn't, unshakable, wasn't, Jay hunched Organizations: Luka, San Francisco, Getty, Windsor, Facebook, Twitter, Reps, AIs Locations: Minneapolis, Twin Cities, Europe, Moscow, San Francisco, America, Replika, Washington, Britain, Mississippi, North Carolina, Texas, Damascus, Chai, California, New York, Northeast Minneapolis, artsy, Japan, Switzerland

☆ When your AI says she loves you
▼ + stars: | 2023-10-12 | by ( Rob Price | ) www.businessinsider.com time to read: +36 min

WASHINGTON (AP) — Having won the nomination to be the next House speaker, Rep. Steve Scalise is heading straight into a familiar Republican problem — skeptical GOP colleagues are reluctant to give their support, denying him the majority vote needed to win the gavel. “We did not hear that.”In a floor vote, Scalise would need to amass votes from almost all Republicans to overcome the Democratic opposition in the House that is narrowly split 221-212. Many Republicans want to prevent the spectacle of a messy House floor fight like the grueling January brawl when McCarthy became speaker. One-quarter of Republicans say they approve of the decision by a small group of Republicans to remove McCarthy as speaker. “Long live Speaker Scalise,” Gaetz said after the vote.

Persons: —, Steve Scalise, Jim Jordan, Kevin McCarthy, “, ” Scalise, McCarthy, holdouts, “ Steve’s, ”, Jordan, Donald Trump, Hakeem Jeffries, Don Bacon, Steve, Let's, ” Bacon, Marjorie Taylor Greene, Thomas Massie, Anna Paulina Luna, Scalise, Joe Biden, Karine Jean, Pierre said, Matt Gaetz, “ Long, ” Gaetz, Patrick McHenry, Kevin Freking, Seung Min Kim Organizations: WASHINGTON, Republicans, Scalise, Republican, New York Rep, GOP, Democratic, Associated Press, NORC, for Public Affairs Research, White, Freedom Caucus, Trump, Capitol . Trump Locations: Ky, Jordan, R

☆ Asia markets rise as Wall Street rallies and Treasury yields ease
▼ + stars: | 2023-10-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Goldman Sachs' chief U.S. equity strategist David Kostin does not expect the Israel-Hamas conflict will have a huge impact on markets. "It's a tragedy from a human point of view," Kostin told CNBC's "Squawk on the Street" on Tuesday. "But the idea fundamentally, we'll be getting earnings for the last three months, which is obviously backward looking. And the prospects looking forward are probably more domestically facing issues that are sort of pertinent to a lot of portfolio managers." Still, the strategist expects other risk factors will continue to weigh on stocks, citing higher yields and oil prices that could impede multiple expansion.

Persons: Goldman Sachs, David Kostin, Kostin, CNBC's, we'll, Sarah Min Locations: Israel

CNN —The United Nations says it is “deeply concerned” by reports that civilians, including women and children, were killed and injured in a bombing at a camp for internally displaced people in Myanmar. The bombing on Monday took place near the town of Laiza, in northern Kachin state. Laiza is home to the headquarters of the Kachin Independence Army, which has been locked in a conflict with Myanmar’s military for decades. The British embassy in Myanmar also said it was “appalled by” the reports of innocent civilians being killed. Calling the attack “unacceptable”, he added, “We reiterate that the Myanmar military must stop its brutal campaign against the Myanmar people.”Myanmar’s military seized power in February 2021 after detaining civilian leader Aung San Suu Kyi and numerous top government figures, dashing hopes for a more democratic future for the country.

Persons: Min Aung Hlaing, Zaw Min Tun, “, ”, Ken O’Flaherty, Aung San, Kyi, Suu Kyi Organizations: CNN, United Nations, National Unity Government, Kachin Independence Army, Unity, UN, British Locations: Myanmar, China, Laiza, Kachin

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