DIRS.INFO The most relevant business & tech news

☆ The US Army is having a hard time recruiting. Now it's asking soldiers dismissed for refusing the COVID-19 vaccine to come back.
▼ + stars: | 2023-11-18 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The United States Army is telling soldiers kicked out over the COVID-19 vaccine they can come back. AdvertisementThe United States army is having such a difficult time recruiting that it's sending instructions on how to rejoin to soldiers kicked out for refusing to take the COVID-19 vaccine. The Army sent the letters to approximately 1,900 active duty soldiers who were separated for refusing to take the COVID-19 vaccine, according to military blog Task and Purpose. In 2022, the US Army fell short by about 15,000 soldiers, or 25%, according to Army Times. "When you look at Generation Z, you see a lot of the declining trust in institutions," Wormuth told NPR.

Persons: —, Christine Wormuth, Wormuth Organizations: United States Army, Army, An Army, Service, United, of Defense, United States, US Army, Army Times, The Army, NPR Locations: United States

☆ 'We are at the very onset of a recession right now': A top Wall Street strategist shares a 'huge red flag' signaling the economy is heading into a downturn — sending stocks tumbling as much as 20%
▼ + stars: | 2023-11-18 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Right now, it's up 7.7% year-over-year and continues to rise, prompting Kantrowitz to say it's a "huge red flag for me." Still, while the unemployment rate is up to 3.9% from its 3.4% low earlier this year, unemployment claims have not spiked meaningfully. Piper Sandler"Regarding employment – I see enough data that has me convinced that we are at the very onset of a recession right now," Kantrowitz said. If the unemployment rate continues to tick upward, even slightly, it will likely trigger the Sahm rule mentioned above. Plenty of market onlookers see a recession in 2024, including DoubleLine Capital CEO Jeffery Gundlach and Citadel founder Ken Griffin.

Persons: Piper Sandler's Michael Kantrowitz, Kantrowitz, Piper Sandler, Sahm's, It's, Claudia Sahm, Jon Wolfenbarger, Wolfenbarger, Jeffery Gundlach, Ken Griffin, Goldman Sachs, Jan Hatzius, Brian Moynihan Organizations: Federal, Business, Institute for Supply Management's, Investor, Federal Reserve, National Federal, Independent, Treasury, Conference, DoubleLine Capital, Citadel, Bank of America

☆ Legendary value investor's firm launches new fund targeting 'quality' stocks
▼ + stars: | 2023-11-18 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm's first active ETF: the GMO U.S. Quality ETF. "There's a lot more interest in active ETFs than there was even a few years ago," Hancock told CNBC's "ETF Edge" this week. According to GMO's website, as of November 17th, the ETF's top holdings include Microsoft , UnitedHealth and Johnson & Johnson . "These are battleship companies that are going to remain relevant and important going forward." Shares of UnitedHealth are virtually flat while Johnson & Johnson is down more than 15%.

Persons: Jeremy Grantham, Tom Hancock, Hancock, CNBC's, Johnson Organizations: Quality, Microsoft, Johnson

☆ Wall St Week Ahead After breathtaking surge, US stocks' path may rest on economic soft landing
▼ + stars: | 2023-11-17 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - Are U.S. stocks poised to continue their dramatic run, or is a pause ahead? The index is now up nearly 18% for the year and less than 2% away from its year-high, reached in July. Analysts at Ned Davis Research, which has been recommending an overweight to stocks, this week said investors should further shift into equities and away from bonds. One source of worry has been a renewed climb in stocks' valuations.

Persons: Brendan McDermid, ”, Yung, Yu Ma, Ned Davis, Ed Clissold, ” Robert Pavlik, Pavlik, Seasonality, LSEG Datastream, Jason Pride, Keith Lerner, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal, BMO Wealth Management, National Association of Active Investment, Reuters Graphics, Treasury, Ned, Ned Davis Research, “, CPI, Dakota Wealth, Nvidia, Advisory Services, Thomson Locations: New York City, U.S

☆ Wall St Week Ahead - After breathtaking surge, U.S. stocks' path may rest on economic soft landing
▼ + stars: | 2023-11-17 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - Are U.S. stocks poised to continue their dramatic run, or is a pause ahead? The index is now up 17% for the year and about 6% from its record closing high from January 2022. Analysts at Ned Davis Research, which has been recommending an overweight to stocks, this week said investors should further shift into equities and away from bonds. One source of worry has been a renewed climb in stocks' valuations.

The logo of Lilly is seen on a wall of the Lilly France company unit, part of the Eli Lilly and Co drugmaker group, in Fegersheim near Strasbourg, France, February 1, 2018. REUTERS/Vincent Kessler Acquire Licensing RightsNov 17 (Reuters) - Retail flows into Eli Lilly (LLY.N) spiked to a more than two-year high in November, as small investors rushed to buy the stock after the U.S. pharma major received a highly anticipated approval for its weight-loss drug Zepbound. Lilly and Novo Nordisk (NOVOb.CO) - seen as leaders in a potential $100 billion obesity treatment market - have helped rekindle retail investor interest in the healthcare sector. "During the COVID period, retail investors were piling into healthcare because of the vaccines and after that there was a bit of a hangover of purchases. Reuters GraphicsRetail investors are now "catching up" with institutional investors, said Sel Hardy, vice president of equity research at CFRA.

Persons: Lilly, Eli Lilly, Vincent Kessler, Zepbound, Marco Iachini, Hardy, JPMorgan Chase, Vanda, Ozempic, drugmakers, Iachini, Bhanvi Satija, Sriraj Organizations: REUTERS, U.S . pharma, Vanda Research, Novo Nordisk, Graphics Retail, Sel Hardy, JPMorgan, BlackRock, AMC, Thomson Locations: Lilly France, Fegersheim, Strasbourg, France, U.S, Bengaluru

The upheaval at Documenta is just one example of how Europe’s art world is being torn by debates about Israel and Gaza, as some institutions have moved to postpone the shows of artists who have criticized Israel. Documenta was initially staged in 1955 as the first large-scale exhibition in West Germany of the art of the European avant-garde. It was a direct response to the Degenerate Art Show, the denunciatory exhibition of modern art staged by the Nazis in Munich in 1937. Although the mural was taken down, it set off a monthslong debate in Germany’s art world about antisemitism, Palestinian activism and Germany’s relationship to formerly colonized countries. Hoskote said Documenta was one of the art world’s greatest events, partly because it had always been a forum for new ideas.

Persons: Documenta’s, — Simon Njami, Gong Yan, Kathrin, Inés Rodríguez, —, ”, Bracha Lichtenberg Ettinger, Ranjit Hoskote, Anaïs Duplan, Ai Weiwei, ” Ai, Ai, Galerie Max Hetzler, Lisson’s, Claudia Roth, Documenta, Hoskote Organizations: Venice Biennale, Folkwang, Israel, Art Newspaper, Galerie Max, Berlin, Die Locations: Israel, Kassel, Germany, Gaza, Venice, India, Essen, Haitian, United States, B.D.S, London, Lisson, New York, Paris, West Germany, Munich, Nazi, Indonesia

☆ Volvo shares tumble 14% to record low as Chinese owner Geely sells off stock
▼ + stars: | 2023-11-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. Volvo shares are down 25% year to date. Geely said in a statement earlier on Friday that it would release further shares of Volvo, which was in line with its long-term strategy. Geely will still hold 78.7% of Volvo shares following the sale, the statement said. Geely previously owned around 82% of Volvo, putting the sold shares at over 3%.

Persons: Geely Organizations: Volvo, Zhejiang Geely Holding, Reuters Locations: Edmonton, Edmonton , Alberta, Canada, Swedish, London

☆ If you want to be the ultimate contrarian next year, bet on these things happening
▼ + stars: | 2023-11-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Based on the bank's monthly Global Fund Manager Survey, strategist Michael Hartnett created a list of "contrarian" outcomes and hedging opportunities. As of now, high-quality assets are expected to outperform in 2024, with only 6% of fund managers predicting otherwise, said Hartnett. Close to 90% of surveyed fund managers see elevated geopolitical risks in the coming year. For a contrarian outcome, Harnett says to trade as if oil prices will move lower still by shorting crude. Only 6% of fund managers are predicting inflation moves higher next year, according to BofA.

Persons: Michael Hartnett, Hartnett, Harnett, — CNBC's Michael Bloom Organizations: of America, Global Fund, Survey, Bank of America's, Nasdaq, Treasury, Securities

☆ Opinion: Why Israel’s divide-and-rule approach towards Palestinians backfired so spectacularly
▼ + stars: | 2023-11-17 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +13 min

Why Ending the Occupation and Peace with Israel is Still the Palestinian National Goal.” The views expressed in this commentary are his own. Hamas’ unwavering commitment to armed struggle and violence allowed the Israeli right to paint the entire Palestinian national movement as hopelessly extreme. He reportedly said that this was part of Israel’s strategy — to isolate the Palestinians in Gaza from the Palestinians in the West Bank. But the old, infirm and chain-smoking politician, who at least has time and again proven his unwavering rejection of violence as a Palestinian national strategy, represents exactly this trend among Palestinians. The Biden administration appears to understand the challenge in theory, but how much they can or will do to implement such a revised policy towards the Palestinian political scene is uncertain at best.

Persons: Hussein Ibish, Read, Shimon Peres, Yitzhak Rabin, Bill Clinton, Yasser Arafat, DAVID AKE, Ariel Sharon, Benjamin Netanyahu, Mahmoud Abbas, Fatah, Netanyahu, Hussein, Abbas, Christy Bowe, Israel’s, Yasser Arafat’s, it’s, It’s, Biden, Israel —, Abbas — Organizations: Gulf States Institute, CNN, West Bank, Fatah, Palestinian Authority, Palestine Liberation Organization, PLO, Hamas, Palestinian, Muslim, White, AFP, Getty, UN, Israel, White House, ImageCatcher Locations: Washington, Israel, Gaza, Oslo Accords, AFP, Oslo, Israeli, Palestinian, Jerusalem, Middle, Abbas

☆ IMF approves $35 bln credit line for Mexico
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Employees work at a stall in an outdoor market dedicated to the sale of fruits and vegetables, in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Nov 16 (Reuters) - The International Monetary Fund's executive board has approved a two-year, $35 billion flexible credit line for Mexico, it said in a statement on Thursday, noting the Latin American country's economy is undergoing a broad-based expansion. This is Mexico's tenth flexible credit line arrangement since 2009, and the country has reduced amounts of the lines granted in recent years, the IMF said. In 2017, the IMF granted Mexico a credit line worth around $88 billion, which by 2021 was reduced to $50 billion. Authorities will reassess the external risk outlook and their implications on access under the agreement in November 2024, the IMF added.

Persons: Jose Luis Gonzalez, Gita Gopinath, Gopinath, Kylie Madry, Valentine Hilaire, Nick Zieminski Organizations: REUTERS, MEXICO CITY, Monetary Fund's, IMF, Thomson Locations: Ciudad Juarez, Mexico, MEXICO

☆ Cyberattack on ICBC's US unit to not have material impact on parent bank - Fitch
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. REUTERS/Florence Lo/File Photo Acquire Licensing RightsNov 16 (Reuters) - Ratings agency Fitch on Thursday said the recent cyberattack at ICBC Financial Services will not have a material impact on its Chinese parent, although it highlights growing threats to global payment networks from such incidents. "We do not expect the incident to have any immediate impact on the parent bank's viability rating, nor will the bank's issuer default rating change as it remains driven by our expectation of support from the Chinese sovereign," the ratings firm said. The U.S. unit primarily engages in providing global clearing, execution and financing services to institutional clients. Reporting by Manya Saini in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Fitch, Manya Saini, Anil D'Silva Organizations: Industrial, Commercial Bank of China, REUTERS, ICBC Financial, Commercial Bank of China Ltd, Thomson Locations: Beijing, China, U.S, Bengaluru

☆ Where are they now: The many fascinating Bridgewater employees from the book on Ray Dalio 'The Fund'
▼ + stars: | 2023-11-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +17 min

The new book, "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" — which Dalio and his lawyers have pushed back against — describes everything from Bridgewater's investment process to internal grudges and backstabbing to allegations of sexual harassment. Here are the places where the dozens of Bridgewater employees and consultants named in the book ended up. Dalio, the book said, wrote into the firm's bylaws that he could never hold that title again. Before that, she was the head of investment research and a co-chief investment officer for sustainability. He's worked at different funds since leaving in 2006, including Larch Lane Advisors and Bonaccord Capital as an investor and business-development professional.

Persons: Rob Copeland's, Ray Dalio, Dalio, —, Bridgewater, Greg Jensen, YouTube Dalio, nixed, Copeland, He's, Jensen, Eileen Murray, Morgan Stanley, David McCormick, Dina Powell, McCormick, Dave McCormick, Michael M, Nir Bar Dea, Stefanova, Dalio's, Paul McDowell, Bob Eichinger, McDowell, Eichinger, Jen Healy, Osman Nalbantoglu, Matthew Granade, Steve Cohen, Steve Cohen's Point72, Bob Prince, politicking, Karen Karniol, Bridgewater Associates Karen Karniol, Vladimir Putin, Bob Elliott, Elliott, James Comey, Winn McNamee, Barack Obama, Donald Trump, Hillary, Britt Harris, Bridgewater's, Julian Mack, L, Michael Partington, Spencer Stuart, Niko Canner, Jon Rubinstein, Beck Diefenbach Jon Rubinstein, Steve Jobs, Tom Adams, Rosetta Stone, J, Michael Cline, Cline, Kevin Campbell, Campbell, Craig Mundie, Bill Gates, Gates, Mundie, Bill Clinton, George W, Bush, David Ferrucci, IBM's Watson, Ferrucci, Keith Alexander, Alexander, Larry Culp, Culp, Jamie Gorelick, conscientiously, Clinton, Jared Kushner, Jesse Horwitz, Comey, Horwitz, Samantha Holland, Perry Poulos, Murray, Joe Sweet, Tara Arnold, Arnold —, Leah Guggenheimer, She's, Charles Korchinski, Harris, Kent Kuran Organizations: New York Times, Bridgewater Associates, Business, Bridgewater, YouTube, HSBC, Broadridge, Life Insurance, Wells, Treasury Department, Republican, Getty, GOP, Israel Defense Forces, Marto, Princeton University, McKinsey, Point72, Bridgewater didn't, Domino Data, CircleUp, FBI, Trump, of, University of Texas Investment Management Co, Apple, Dalio, Health, Cognition, Mundie, National Security Agency, Amazon, General Electric, Boston Globe, Electric, Trump White House, Harvard Law School, —, Hubble, Stefanova's Marto, HBR Consulting, MIO Partners, Burford, Larch Lane Advisors, Bonaccord, Eaton Partners, Stanford, NextEra Energy Resources Locations: Bridgewater, Connecticut, Pennsylvania, China, San Francisco, of Texas, Atlanta, WilmerHale, Asia, India, Shanghai, Singapore, Israel, Africa

☆ Amplify rolls out first SOFR-based ETF for income seekers
▼ + stars: | 2023-11-15 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

The Amplify Samsung SOFR ETF , which debuted Wednesday, is the first ETF to track SOFR, the overnight interbank lending rate that has emerged as the U.S. replacement for the now-defunct Libor gauge of overnight borrowing interest costs. The new fund's launch comes amidst a wave of enthusiasm for ultra-short term fixed income ETFs, as yields on products throughout the fixed income spectrum have risen to multi-year highs following an aggressive rate hiking cycle by the Federal Reserve. "It wasn't until this year that rate-driven products became priorities," said Bill Belden, president of Amplify. Flows into money market and ultra-short term products account for about 36% of all inflows into fixed income ETFs this year, though the category represents only 15% of all fixed income ETF assets, according to Matthew Bartolini, head of product research at State Street Global's SPDR Americas ETF division. Belden said that a large institutional investor has provided seed capital of $50 million for the new ETF.

Persons: Yves Herman, Bill Belden, Matthew Bartolini, SOFR, Belden, Suzanne McGee, Ira Iosebashvili, Cynthia Osterman Organizations: Samsung, REUTERS, ETF, Federal Reserve, Thomson Locations: Brussels, Diegem, Belgium, U.S, Americas

☆ World stocks scale 2-month high boosted by rate cuts bets
▼ + stars: | 2023-11-15 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 20, 2023. The British consumer price index rose by 4.6% in the 12 months to October, slowing from September's 6.7% increase, the Office for National Statistics said. He sees a "more complicated" process ahead, where stock market exuberance eventually collides with bond market expectations that an economic slowdown will drive rate cuts. The dollar index , which measures the currency against a basket of peers, stood at 104.17, not far from Tuesday's two-month low of 103.98. Interest rate futures swung to price in an interest rate cut by the U.S. Federal Reserve as early as May, with a 30% chance it could come even sooner, in March.

Persons: May MILAN, Carlo Franchini, Naka, Russell, Joe Biden, Xi Jinping, Sterling, Danilo Masoni, Tom Westbrook, Alex Richardson Organizations: REUTERS, Staff, Bank of England, Banca Ifigest, National Statistics, CPI, Nasdaq, U.S . Federal Reserve, Bloomberg News, Golden, HSBC, Brent, Thomson Locations: Frankfurt, Germany, United States, Europe, Asia, China, Milan, Ukraine, Italy, France, Tokyo, San Francisco, London, CHINA, Pacific, Japan, Hong Kong, Beijing, Shanghai, Singapore

☆ Activist investor ValueAct has been building a stake in Disney
▼ + stars: | 2023-11-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

ValueAct Capital has taken a significant stake in Disney (DIS) and has been in dialogue with Disney's management, the Activist Spotlight has learned. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. ValueAct began buying Disney this summer during the WGA and SAG strikes and it is one of the firm's largest positions. This certainly gives the Disney board an alternative they were not expecting.

Persons: ValueAct, Warner, Mason Morfit, Wordle, Bob Iger, Iger, Satya Nadella, Steve Ballmer, Nelson Peltz, Ken Squire Organizations: ValueAct, Disney, Business, Disney Media, Entertainment, Disney Parks, Warner Bros, Paramount, Netflix, WGA, SAG, Microsoft, Adobe, New York Times, Spotify, Century Fox, ESPN, Hulu, Athletic, Trian Partners, 13D Locations: Salesforce

☆ Some of the trillions parked in cash may trickle back in to stocks now that the market's rallying
▼ + stars: | 2023-11-15 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

2023: The year of chasing yield Investors historically chase after stock performance, but 2023 has been the year of chasing after yield performance. This year, the combined assets under management at money market funds grew to a record $6 trillion. There have been large inflows into short-term Treasury funds like the Vanguard Short-Term Treasury ETF (VGSH) and, surprisingly, even into long-term Treasury ETFs like the iShares 20+Year Treasury Bond ETF (TLT). Still, some think a large chunk of the money in short-term Treasuries and money markets is "scared money" and will be "sticky." Those institutional investors "Don't want any money in cash because it will lag behind the stock market," he told me.

Persons: Paul McCulley, they're, Mark Lehman, Eric Balchunas, Jeff Seyffart, Alec Young, Steve Sosnick, Jim Besaw, Besaw, Mike O'Rourke, JonesTrading, Matt Maley, Miller Tabak, Chris Murphy Organizations: Federal, CNBC, Citizens JMP Securities, Treasury, Treasury Bond ETF, Bloomberg, Schwab Money Fund, MapSignals, Interactive Brokers, Gentrust, UBS Locations: Susquehanna

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsNov 15 (Reuters) - Oil prices rose in early Asian trade on Wednesday on Middle East tensions and a weaker dollar, while investors focused on inventory data after a two week delay in reporting. Brent futures rose 8 cents to $82.55 a barrel by 0013 GMT, while U.S. West Texas Intermediate (WTI) crude rose 2 cents to $78.28. The U.S. Energy Information Administration (EIA) will release its first oil inventory report in two weeks on Wednesday. A weaker dollar can boost oil demand by making crude cheaper for buyers using other currencies.

Persons: Agustin Marcarian, Brent, Al Shifa, Joe Biden, Xi Jinping, Miral Organizations: REUTERS, U.S, West Texas, Tuesday U.S, U.S . Energy Information Administration, American Petroleum Institute, International Energy Agency, U.S . Federal, U.S ., Asia Pacific Economic Cooperation, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Gaza's, San Francisco

☆ Opinion: The Supreme Court code of conduct misses this big thing
▼ + stars: | 2023-11-14 | by ( Opinion Stephen I. Vladeck | ) edition.cnn.com time to read: +7 min

Stephen I. Vladeck Courtesy of University of Texas School of LawThat mantra was ringing in my head as I reviewed the code of conduct voluntarily adopted by the Supreme Court on Monday, the first such formal code to govern the justices. In adopting these rules, the Supreme Court didn’t address that issue at all. Congress controls when and where the court sits; until 1935, the court sat in the Capitol — a powerful reminder of which branch was beholden to which. But it’s the least-worst alternative to a problem that the Constitution necessarily creates: how to have an independent Supreme Court that is nevertheless at least loosely accountable to the political branches. Accountability and independence aren’t mutually exclusive — something the justices are tacitly conceding by agreeing for the first time to formally adopt a code of conduct.

Persons: Stephen I, Charles Alan Wright, Robert Jackson, Clarence Thomas, Samuel Alito, they’ll, —, ”, John Marshall, it’s, I’ve, couldn’t, aren’t, ” isn’t, shouldn’t, Ronald Reagan Organizations: University of Texas School of Law, CNN, Supreme, Soviet, University of Texas School of, Judicial Conference, United, Congress, Capitol, Democratic, Republicans Locations: United States

☆ NYU is sued by Jewish students who allege antisemitism on campus
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 14 (Reuters) - New York University (NYU) was sued on Tuesday by three Jewish students who accused the school of creating a hostile environment in which Jewish students are subjected to pervasive antisemitic hatred, discrimination, harassment and intimidation. They also said Jewish students' complaints are "ignored, slow-walked, or met with gaslighting" by NYU administrators including Linda Mills, who became president in July. According to the complaint, Mills this month dismissed a petition from 4,000 NYU members expressing concern about antisemitism, saying the problem had been blown "out of proportion" and chiding Jewish students as "alarmist." "NYU's deliberate indifference toward the plight of its Jewish students under siege by egregious antisemitism has been outrageous," Marc Kasowitz, a lawyer for the plaintiffs, said in a statement. The case is Ingber et al v New York University, U.S. District Court, Southern District of New York, No.

Persons: Bella Ingber, Sabrina Maslavi, Saul Tawil, Hitler, Linda Mills, Mills, Tawil, Maslavi, Marc Kasowitz, Jonathan Stempel, Bill Berkrot Organizations: New York University, NYU, Hamas, Jewish, U.S, Court, Southern District of, Thomson Locations: Manhattan, Israel, Southern District, Southern District of New York, New York

☆ The 'face-ripper' rally in the stock market will continue as inflation may have just hit a wall, Fundstrat's Tom Lee says
▼ + stars: | 2023-11-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is experiencing a "face ripper" rally that isn't going to end anytime soon, according to Fundstrat. "The bigger story seems to be inflation could be hitting a wall," Fundstrat's Tom Lee said. AdvertisementThe stock market is in the midst of a "face ripper" rally that should see follow-through heading into the end of the year, according to Fundstrat's Tom Lee. This should drive a change in both Fed's view of the 'stickiness' of inflation and also the market narrative." Advertisement"I think institutional investors and retail have been fighting this rally," Lee told CNBC on Monday.

Persons: Tom Lee, —, Lee, Russell, it's Organizations: Nasdaq, Service, CPI, Federal, Fed, CNBC

☆ Crypto.com wins Dubai licence
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Nov 14 (Reuters) - Virtual assets exchange Crypto.com's Dubai entity CRO DAX Middle East FZE has received a licence from the city state's regulator, subject to operational approval, the company said in a statement on Tuesday. Once approved, the Virtual Assets Service Provider (VASP) licence will allow Crypto.com to offer various services in-market to retail and institutional investors, including exchange services, broker-dealer services, investment services, and lending and borrowing services, the statement said. “Dubai continues to show it is a leading market when designing effective regulation for the crypto space while still supporting adoption and innovation," Kris Marszalek, CEO of Crypto.com said. With more than 80 million customers globally, Crypto.com announced Dubai as its regional hub for the Middle East and North Africa in March 2022, following a trend of other major industry players gravitating towards the Gulf city state. Reporting by Rachna Uppal; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: DAX, Kris Marszalek, Crypto.com, Rachna Uppal, Michael Perry Organizations: Virtual Assets Service, Assets Regulatory Authority, Dubai International Financial, Crypto.com, Thomson Locations: DUBAI, Dubai, VARA, East, North Africa, Gulf

☆ What Long-Term Care Looks Like Around the World
▼ + stars: | 2023-11-14 | by ( Jordan Rau | ) www.nytimes.com time to read: +4 min

Provinces and territories fund long-term care services through general tax revenue. Notably, Canada’s long-term care system is separate from its national health care system, which pays for hospitals and doctors with no out-of-pocket costs to patients. on long-term care, 80 percent more than the United States spent. Britain has also taken steps to shield people from losing all of their wealth to pay for long-term care. Singapore recently instituted a system of mandatory long-term care insurance for those born in 1980 or later.

Persons: D.P., 🇸 🇬, ove, —, Kath l Organizations: Uni, pla, Citi, emi Locations: D. data, nis

☆ Goldman Sachs wants to build the 'Pinterest for capital markets.' Here's how the bank is aiming to win more trades from its biggest institutional clients.
▼ + stars: | 2023-11-14 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

On Tuesday, the bank launched a customizable dashboard designed to help Goldman's institutional investor clients understand the state of financial markets. Currently, that's somewhat of a messy and manual process spread across several platforms, Chris Churchman, Goldman Sachs partner and head of Marquee, told Insider. Banks like Goldman Sachs benefit from more complex trades, like a complicated derivative with legs and hedges, that require more work. Goldman Sachs Marquee MarketView is accessible on desktop and mobile. "What clients have said to me is, you basically created Pinterest for capital markets, or you're creating a social network for capital markets," Churchman said.

Persons: Goldman Sachs, Chris Churchman, Goldman, Banks, Churchman, There's Organizations: Business, Bloomberg, Citadel Securities, Bank of Japan Locations: MarketView, FactSet

Peng Zhao, CEO, Citadel Securities speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making. "We are pleased to see the introduction of the market-making program in China," Zhao told Reuters in an interview in Hong Kong. Citadel Securities in July appointed Tony Tang, the former head of BlackRock's China business, to helm its China operations. This year, Citadel Securities also launched an investment-grade corporate bond market-making business in the United States.

Persons: Peng Zhao, Mike Blake, Zhao, Ken, Tony Tang, Summer Zhen, Selena Li, Sumeet Chatterjee, Edwina Gibbs Organizations: Citadel Securities, Milken, Global Conference, REUTERS, Reuters, Beijing Stock Exchange, Nasdaq, China's Stock, Treasuries, Asia, Thomson Locations: Beverly Hills , California, U.S, HONG KONG, China, interbank, Hong Kong, United States, Beijing, Asia

Search resuls for: "Institutional"

25 mentions found