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LOS ANGELES (AP) — A judge has recommended that conservative attorney John Eastman lose his California law license over his efforts to keep former President Donald Trump in power after the 2020 election. State Bar Court of California Judge Yvette Roland's recommendation, issued Wednesday, now goes to the California Supreme Court for a final ruling on whether he should be disbarred. The California State Bar is a regulatory agency and the only court system in the U.S. that is dedicated to attorney discipline. Eastman has been a member of the California Bar since 1997, according to its website. He ran for California attorney general in 2010, finishing second in the Republican primary.
Persons: , John Eastman, Donald Trump, Eastman, Mike Pence, Joe Biden’s, Yvette Roland's, Randall A, Miller, didn't, Trump, , He's, Jack Smith, ” Eastman, Pence, Biden, Trump’s, Clarence Thomas Organizations: ANGELES, Bar Court, California Supreme, California State, U.S . Capitol, Trump, Prosecutors, California Bar, Supreme, Center, Constitutional, Claremont Institute, Republican, Chapman University Locations: California, U.S, Georgia, Southern California
Ross Levinsohn ran the Arena Group, which published Sports Illustrated, and was fired by its new owner. Related storiesThe Arena Group, which until recently published SI and still owns brands like Men's Journal and Parade, was on the path to profitability, Levinsohn claimed. (Arena Group faced harsh criticism over its use of AI-generated content under Levinsohn's leadership.) AdvertisementA spokesman for Bhargava and the Arena Group, Steve Janisse, said he couldn't immediately comment. BI's previous coverage of Bhargava and Arena Group was based on interviews and documents.
Persons: Ross Levinsohn, Manoj Bhargava's, Levinsohn, hasn't, , Manoj Bhargava, Bhargava, Cavitt Randall, Steve Janisse, couldn't, Randall, Chris Fowler Organizations: Group, Service, Arena Group, Sports, Energy, SI, Sports Illustrated, Men's
All that changed three years ago, when a global chip shortage and rising geopolitical tension turbocharged growth at TSMC. TSMC set up the Newcomer Training Center inside a sprawling science park in the city of Taichung in central Taiwan in 2021. “After many years, what we want to do is to gradually reduce assignees [and] increase the local hires.”The Newcomer Training Center opened in 2021. The soaring demand, particularly for chips that power AI, has created a shortage of talent for the semiconductor industry. Countries compete for this talent.”TSMC’s Ho said a shortage of talent is one of the main challenges the company faces.
Persons: Taiwan CNN —, , TSMC, Joe Biden, , Marcus Chen, ” Lora Ho, John Mees, Stewart Randall, ” TSMC’s Ho, Ho, Kristy Hsu, , it’s, ” Ho, “ It’s, — CNN’s Juliana Liu Organizations: Taiwan CNN, Moore’s, Apple, Nvidia, AMD, CNN, , Training, Taiwan Semiconductor Manufacturing, IC, Taiwan ASEAN Studies Center, Economic Research Locations: Taichung, Taiwan, TSMC, Arizona, fabs, United States, Japan, Germany, China, Washington, Kumamoto, Phoenix , Arizona, Dresden, Europe
While some music critics praised Knowles' country tracks, other fans of the genre refrained from a warm welcome. Beyond just radio, Black artists and artists of color represented less than 4% of country songs played on the radio, airplay, charting songs, artists signed to major labels and award nominations, according to SongData. One such fan, Tenley Patterson, 26, said she didn't bother listening to country music before Beyoncé's releases, but was impressed with the country tracks. Rachel Whitney, head of editorial for the Nashville team, said playlists outside of the country genre are playing Knowles' country tracks, broadening its reach. The Beyoncé draw is also boosting exposure for other artists on some lists, like Lainey Wilson and Cody Johnson, who have more "traditional" country songs, Whitney said.
Persons: Beyonce, James Devaney, Cowboy Carter, Beyoncé Knowles, Tanner Adell, Mickey Guyton, Reyna Roberts, Knowles, Alice Randall, Randall, , Rhiannon Giddens, hasn't, Jocelyn Neal, Maren Morris, Luke Combs, Kacey, Lil Nas, Nas X, Tim Mosenfelder, Neal, Knowles —, Taylor Swift, Beyoncé, George Bush, Tenley Patterson, I've, Patterson, It's, there's, Z, Rachel Whitney, Lainey Wilson, Cody Johnson, Whitney, Kevin Mazur Organizations: Scott, New York, Spotify, The New York Times, Radio, University of North, NBC, Houston, CMA, Republican, Nashville, Crypto.com Arena, The Recording Academy Locations: Brooklyn, New, New York City, U.S, Texas, an Oklahoma, University of North Carolina, San Francisco , California, Iraq, Los Angeles , California
The study, from academics at three elite universities, looked at the impacts of fake positive reactions to jokes by employees. It found that bosses who make too many jokes actually increase the amount of surface acting employees do, which can then lead to emotional exhaustion or burnout, and lower levels of job satisfaction. AdvertisementThe study found that the leaders who frequently made jokes increased surface acting in followers, which subsequently resulted in poor well-being outcomes, including emotional exhaustion. AdvertisementThe surface acting can trigger a cycle of negative well-being outcomes for employees, per the study. When leaders are more thoughtful about their humor, it actually alleviates the pressure of surface acting.
Persons: , Randall Peterson, Xiaoran Hu, Michael Parke, Grace Simon, Peterson, they're Organizations: Service, Academy of Management, London Business School, London School of Economics, University of Pennsylvania, US Army Locations: United States
Mack Trucks, founded in Brooklyn, New York, in 1900, is renowned for its 18-wheelers, diesel-powered big rigs with a trademark bulldog mounted on the hood. Purchase-making decisions are distinct for consumer and commercial markets, a difference reflected in last year's EV sales results within both sectors and outlooks for future growth. EV sales increased year over year by 40% in the fourth quarter, yet were down from 49% in the third quarter. Cox expects this year's EV sales to reach 1.5 million, about 36% higher than last year. Eighty EV truck deployments were cataloged in 2020, and those deployments jumped to 1,948 in 2022.
Persons: Mack Trucks, Mack, Jonathan Randall, Kelley, Cox, Tesla, EVs, Randall, BEV, Ann Rundle, Rundle Organizations: Mack Trucks North, Sweden's Volvo Group, Volvo Trucks, Volvo, U.S, EV, Ford, GM, EDF, American Truck Dealers Association, ACT Research, ICE Locations: Brooklyn , New York, , New York City, Miami , Florida, Mack Trucks North America, Greensboro , North Carolina, Paris, U.S, United States
Read previewAmericans are increasingly relying on unorthodox cost-cutting measures to ensure they continue to eat amid ongoing inflation and rising food prices. Recently, US consumers are spending more money on food than they have in the past 30 years, The Wall Street Journal reported last week, citing data from the US Department of Agriculture. AdvertisementThe Journal collected hundreds of reader responses and compiled several cost-saving tips into a Tuesday story about how Americans are responding to rising prices. Buying in bulk can keep prices low, as well as purchasing non-spoilable food, people told the outlet. Other respondents said they combat rising prices by maximizing senior discounts and making a spreadsheet of their groceries and meals.
Persons: , WK Kellogg, Gary Pilnick, Ramon Laguarta, Sarah Smith, Bernard Brothman, Brothman, Nancy Randall, Randall, BuzzFeed Organizations: Service, Street, US Department of Agriculture, Business, Labor Department, PepsiCo Locations: Houston
What if Mom’s Not to Blame?
  + stars: | 2024-02-27 | by ( Mark Harris | Keita Morimoto | ) www.nytimes.com   time to read: +3 min
The past year has brought an exceptionally varied and thematically rich crop of movies exploring men and their — to use the proper scientific term — mommy issues. By the end of most of them, blood is on the floor, and the collateral damage is steep. Men who couldn’t, or worse, didn’t want to, were portrayed as marionettes tied to and practically strangled by their mothers’ apron strings. “I’ve been talking to this psychiatrist about my mother for two years now,” his character says in “Pillow Talk” (1959), adding, “It’s perfectly healthy. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Persons: Beau, , who’s, Freud, Robert Walker’s simpering, mommy, Anthony Perkins, Norman Bates, Marion Crane, Janet Leigh, Tony Randall, Doris, “ I’ve Organizations: Hudson, The
CNN —When special counsel Jack Smith asked the Supreme Court to reject former President Donald Trump’s immunity claims there was an unmistakable hue of urgency to the request. It could grant Trump’s request and then hold arguments and decide the merits of the immunity issue – perhaps on an expedited basis. The Supreme Court can move quickly, at least by judicial branch standards. George Walker IV/APThe Supreme Court denied that request, allowing the appeals court to review the case first. US Supreme Court Justice Sonia Sotomayor participates in a conversation with University of California Berkeley Law Dean Erwin Chemerinsky on Monday, January 29.
Persons: Jack Smith, Donald Trump’s, Smith, Trump, , Steve Vladeck, Tanya Chutkan, Chutkan, ” Smith, Donald Trump, George Walker IV, Randall Eliason, , ” Eliason, Sonia Sotomayor, Amy Coney Barrett, we’re, ” Barrett, ” Sotomayor, Barack Obama, don’t, Trump’s, Vladeck, Biden, University of California Berkeley Law Dean Erwin Chemerinsky Organizations: CNN, University of Texas School of Law, DC, Appeals, National Religious Broadcasters, Gaylord, Supreme, DC Circuit, George Washington University, National Governors Association, Trump, Democratic, Boy Scouts of America, Boy Scouts, Boy Scouts of, Department of Homeland Security, University of California Berkeley Law, Capitol Locations: Mexico, Boy Scouts of America, Texas
Read previewA former engineer at Twitter, now X, says that he was wrongfully fired from his job after being accused of leaking information to the press. Speaking to Zoë Schiffer in her newly released book, "Extremely Hardcore," Lin said that someone lied about him leaking information to the press. So when Elon Musk took over Twitter in October 2022, the engineer was on board. AdvertisementWorkers install lighting on an "X" sign atop the downtown San Francisco building that housed what was formally known as Twitter, rebranded X by owner Elon Musk. Lin still insists that he had no involvement in leaking information, Schiffer writes in the book.
Persons: , Randall Lin, Zoë Schiffer, Lin, Schiffer, Jack Dorsey, Elon Musk, Noah Berger, I've, Zoë, James Musk, Elon Musk's, Elon Organizations: Service, Twitter, Elon, Business, Twitter's San, Workers Locations: Twitter's, Twitter's San Francisco, San Francisco
GENEVA (AP) — The U.N.'s weather agency on Tuesday confirmed a reading of 48.8 degrees Celsius (119.8 degrees Fahrenheit) in Sicily two years ago as the hottest temperature ever recorded in Europe. The figure blew past the previous European record of 48 C that was recorded in the Greek cities of Athens and Elefsina in July 1977. The Sicily record from 2021 was based on weather observations and first published in the International Journal of Climatology. Randall Cerveny, who reports on climate and weather extremes for the World Meteorological Organization, says the confirmation followed a lengthy investigation that required “meticulous care” by the agency. Political Cartoons View All 253 Images"This investigation demonstrates the alarming tendency for continuing high temperature records to be set in specific regions of the world,” Cerveny said.
Persons: Randall Cerveny, ” Cerveny Organizations: GENEVA, World Meteorological Organization, International Locations: Sicily, Europe, Athens, Elefsina
Former South Carolina Gov. The Biden campaign has long been preparing for Trump to win the nomination, but it is acutely aware of polling reflecting Haley’s strength over Biden in a one-on-one matchup. And behind closed doors, the Biden campaign is cheering Haley’s decision to stay in the race as they monitor Trump lashing out at the former South Carolina governor. It has been welcome news for the president’s reelection team to see Haley prolong the Republican contest and force the Trump campaign to use its resources and time to attack her. “Go forth and prosper,” one Biden campaign official said, describing the team’s delight in seeing the Trump-Haley feud continue.
Persons: Donald Trump, Jean Carroll, Trump, Joe Biden, Nikki Haley, Biden, , South Carolina —, Haley, Alina Habba, ” Trump, “ Donald Trump, ” Haley, Carroll, “ We’re, , , ‘ Nikki Haley, ’ Haley, Liz Cheney, Randall Hill, Haley won’t, , it’s, Alex Brandon, Jim Clyburn, Jim Clyburn –, Donald Trump’s, Betsy Klein, Kylie Atwood, Jeff Zeleny, Fredreka Schouten, Ebony Davis, MJ Lee, Kristen Holmes, Kate Sullivan, Arlette Saenz, David Wright Organizations: CNN, LaGuardia Airport, New, Republican, South Carolina Gov, Trump, — Trump, Biden, Palmetto, GOP, Twitter, Fox, Republicans, United, Republican Party, Wyoming, New York, SFA Fund, Former South Carolina Gov, Reuters, Charlotte, Prosperity, Trump loyalists, Electoral College, Silver State, Senate, Truth, Democrats, Democratic, Democratic National Committee, Palmetto State, DNC, South Carolina –, Mother Emanuel AME Church, Black, South Locations: Nevada, Iowa, New Hampshire, South Carolina, America, United Nations, Mauldin, Conway, New, Palm Beach, Miami, New York , Florida , California, Texas, North Charleston, Greenville, Myrtle Beach, Silver, New York, Georgia, Lago, Superior , Wisconsin, Columbia, Charleston, South
Lunden and Olivia told me their mission as influencers was to "represent and inspire others to be their authentic self." Advertisement"I did feel represented by them," Asia said, but the tweets "showed me that they are still white women." "We are especially confident in our sexuality and the way that we feel and who we are," Olivia told me. Lunden and Olivia told me they want to advocate for all LGBTQ+ people, including those who don't look like them. It's a chance, the couple told me, to combat the hate and negativity LGBTQ+ parents face.
Persons: Lunden Stallings, Olivia Bennett, Monique Lhuillier, Lunden, Taylor Swift, Stallings, David Yurman, preppy, Olivia, TikTok, Kendrick Brinson, who's, you've, Madison Mathews, sunnies, peck, they'd, Brooklynites, Remington, Zeta Tau, Olivia DMed Lunden —, Justin Bieber, snapbacks, haven't, Lunden's, Ellie Goulding's, Olivia couldn't, Caroline Bayne, Lunden's TikTok, Zara, Mercedes, Sophie, It's, Jackie J, Jackie, There's, Bud Light, Dylan Mulvaney, influencers, They've, KenzKustomz, Krysten Stein, Black influencers, Stein, Hill, millennials Organizations: Naylor, People, Business, Alabama, Chevrolet, New York Post, Daily Mail, Madison, University of Central, Jacksonville State University, Zeta Tau Alpha, University of Alabama's, University, Minnesota, BI, Braves, Rover, Pride, Nielsen, Saks, University of Illinois Locations: Roswell , Georgia, Asia, Olivia, Charleston, LoveShackFancy, Powder Springs , Georgia, Atlanta, Blytheville , Arkansas, University of Central Arkansas, Alabama, Roswell, Austin, RushTok, Alpharetta, Charleston , South Carolina, Southern, Publix, Fayetteville , Arkansas, University of Illinois Chicago
SEATTLE (AP) — Inside the ballroom of a swanky downtown Seattle athletic club another small piece to the legacy of Pac-12 football ended Thursday. The Morris Trophy was never a name-brand award handed out following the college football season in part because it honored offensive and defensive linemen, players who sometimes don't get the recognition they deserve. If there’s any other awards like that in the country, we haven’t found one yet,” said Wayne Milner, chairman of the Morris Trophy board. Pro Football Hall of Fame inductees Bruce Matthews, Randall McDaniel, Gary Zimmerman and Tony Boselli have won the award. There’s talk of trying to continue the award in some way, but if it does it won’t be the same.
Persons: it's, , , Vince Goldsmith, Troy Fautanu, Laiatu Latu, Wayne Milner, Traci Morris Drake, Don James, ” Drake, Bruce Matthews, Randall McDaniel, Gary Zimmerman, Tony Boselli, Lincoln Kennedy, Steve Emtman, Terrell Suggs, DeForest Buckner, Vita Vea, Tedy, Kayvon, Tyron Smith, Alex Mack, Penei Sewell, ” Goldsmith, ___ Organizations: SEATTLE, Washington, UCLA, NFL, Trophy, Pro Football Hall of Fame, USC, ACC, Big, AP Locations: Seattle, West, Oregon, Washington, Southern California, Colorado, Washington , Oregon, California, Stanford, Utah , Arizona, Arizona State
Ballet Flats for the Bow Obsessed
  + stars: | 2024-01-18 | by ( Gisela Williams | Emilia Petrarca | ) www.nytimes.com   time to read: +2 min
This week, she released a collaboration with the New York-based footwear brand Loeffler Randall, adding her signature bows to its Leonie ballet flat. “I often wear ballet flats with my clothes because they’re the right shape and tone,” Salter explains, alluding to the soft, off-duty nature of the look. The flats, which have an elastic strap you can tuck in, currently come in ballet pink and black moire embroidered with Salter’s illustrations. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Subscribe .
Persons: Salter, Sandeep Salter, Randall, Leonie, ” Salter, , “ It’s Organizations: New York, New, The Locations: Brooklyn, New, New York
The "Crescent City" series has a massive cast of characters that can be hard to keep track of. On January 30, Sarah J. Maas will release "House of Flame and Shadow," the third book in her best-selling "Crescent City" series. "Crescent City" has a huge cast of characters, most of which are magical creatures referred to as Vanir. To help prepare you for the third book, Business Insider created a guide to some of the most important characters in the "Crescent City" universe. AdvertisementThe rest of this article contains major spoilers for the "Crescent City" and "A Court of Thorns and Roses" series.
Persons: Sarah J, Maas, , Bryce Quinlan, Hunt Athalar, Ruhn Danaan, Bryce, Ember Quinlan, Randall Silago, Einar Danaan, Einar, Prince, Ruhn, Danika Fendyr, Orion, Hunt, Bryce's, Danika, Sofie Renast, Baxian Argos, Baxian, Asteri, Connor Holstrom, Bryce ., Archangel Micah, Connor, Luna's Horn, Micah, Declan Emmet, Tristan Flynn, Declan, Flynn, Fury, Juniper, Holstrom, Tharion, Sofie Renast's, Emile, Sabine Fendyr, Ithan, Sabine, Lidia Cervos, Hypaxia Enador, Enador, Celestina, Crescent, Lidia, Sandriel, Pollux Antonius, It's, Hel, Aidas, they're, Rigelus, Bryce doesn't, Feyre Archeron, Nesta, Amren, Cassian, Rhysand, Teller, Gwydion Organizations: Service, Business, 33rd Legion, Alpha, Bloomsbury, of, Sirius, Court, Wings Locations: Lunathion, Crescent, Bloomsbury, Midgard, Crescent City, Valbara, Hel, Ruhn, Nesta
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. Former NASA climate scientist James Hansen, often considered the godfather of global warming science, theorized last year that warming was accelerating. That’s 0.27 degrees (0.15 degrees Celsius) warmer than the previous record set in 2016 and 2.43 degrees (1.35 degrees Celsius) warmer than pre-industrial temperatures. NASA and the United Kingdom Meteorological Office had the warming since the mid-19th century a bit higher at 2.5 degrees (1.39 degrees Celsius) and 2.63 degrees (1.46 degrees Celsius) respectively. It’s the third time in the last eight years that a global heat record was set.
Persons: Nature, , Katharine Jacobs, Gavin Schmidt, El, NASA's Schmidt, Schmidt, Samantha Burgess, Europe's, Burgess, James Hansen, Daniel Swain, Russ Vose, Jennifer Francis, Katharine Hayhoe, Randall Cerveny, , ” Cerveny, Natalie Mahowald, “ I've, Kim Cobb, ” ___ Read, Seth Borenstein Organizations: Associated Press, University of Arizona, El Nino, Service, NASA, AP, UCLA, U.S . National Oceanic, Administration, NOAA’s National Centers for Environmental, United Kingdom Meteorological Office, . Records, World Meteorological Organization, Climate Research, Conservancy, NOAA, Arizona State University, WMO, Cornell University, The Associated Press Locations: British, El, Paris, Brown, AP.org
Steven Soderbergh’s Year in Reading
  + stars: | 2024-01-12 | by ( ) www.nytimes.com   time to read: +1 min
Every January on his website Extension765.com, the prolific director Steven Soderbergh looks back at the previous year and posts a day-by-day account of every movie and TV series watched, every play attended and every book read. In 2023, Soderbergh tackled more than 80 (!) books, and on this week’s episode, he and the host Gilbert Cruz talk about some of his highlights. Here are the books discussed on this week’s episode:“How to Live: A Life of Montaigne,” by Sarah Bakewell“Stanley Kubrick’s ‘The Shining,’” by Lee Unkrich and J.W. You can send them to books@nytimes.com.
Persons: Steven Soderbergh, Soderbergh, Gilbert Cruz, Montaigne, , Sarah Bakewell “ Stanley Kubrick’s, Lee Unkrich, George, Martha, Philip Gefter, Donald E, Westlake “, Chimamanda Ngozi, Randall Jarrell “, Robert M, Sapolsky
Sarah J. Maas is releasing the third installment of the "Crescent City" series in January. This article contains spoilers for Sarah J. Maas' books. Her next release will continue the "Crescent City" series, though "A Court of Thorns and Roses" will have more installments too. BloomsburyThe "Crescent City" books follow Bryce Quinlan, a half-fae living on the planet of Midgard. However, she refused to confirm whether mates are the same in "Crescent City" as they are in the "ACOTAR" world.
Persons: Sarah J, Maas, , Bryce Quinlan, Bryce, Rhysand, Rhys, Bryce's, Hunt Athalar, Ruhn, Hunt, Christina Lauren, Christina Hobbs, Lauren Billings, Danika Fendyr, Connor Holstrom, Katie Fraser, Noble, Ember Quinlan, Randall Silago, Danika, Lidia Cervos, Azriel, Eva Chen, Elain Archeron, Archeron, Cassian, Lucien Vanserra, It's, Galathynius, Feyre, Katherine Webber Organizations: Service, Court, The, Barnes, Walmart, Bloomsbury, Silver Flames, Crescent City Locations: Crescent, Prythian, Midgard, Nesta, United States, Ruhn, Billings, Hobbs, Kingdom
"Q should be more polished, given how far behind we are," one of the Amazon employees told BI. An Amazon spokesperson said Q is not based on a single AI model, and its launch followed standard operating procedure. They said Q primarily used Claude Instant 1.2, a cheaper, lighter, and faster version of the AI model that was released in August. More approachable, but too simpleCurrently, Amazon Q is only offered in preview mode to select customers. Some AWS employees, however, say it feels like the company is in a mad dash to release new products, even if they are subpar.
Persons: , Q, That's, Anthropic's Claude, It's, Google's Bard, Claude, Andy Jassy, Richard Brian Bedrock, Dario Amodei, Anthropic, Randall Hunt, Hunt, Corey Quinn, Quinn, Amazon's Trainium, Adam Selipsky, Selipsky, Amazon's Organizations: Service, Amazon, Business, Microsoft, Google, Claude, AWS's, Oracle, Duckbill, Nvidia, AWS
SAN JOSE/PANAMA CITY (Reuters) - Costa Rican police on Tuesday arrested Panamanian businessman and former presidential hopeful David Ochy on charges of fraud and money laundering, judicial authorities said on Tuesday, following an Interpol request. Ochy was wanted by Interpol for being central to a case linked to former Panamanian President Ricardo Martinelli, who was in July sentenced to over a decade in prison for money laundering. Ochy enrolled as a presidential pre-candidate for Martinelli's Realizing Goals party ahead of the 2024 vote, which protected him from facing trial in the Martinelli case last summer. Ochy faces criminal charges for money laundering and using a fraudulent Costa Rican identity card, Zuniga said. Carlo Diaz, who heads Costa Rica's state attorney's office, said he could be extradited to neighboring Panama though he must first face criminal proceedings in Costa Rica and could even serve a prison sentence there.
Persons: David Ochy, Ochy, Ricardo Martinelli, Martinelli, Randall Zuniga, Zuniga, Carlo Diaz, Javier Caraballo, Alvaro Murillo, Elida Moreno, Sarah Morland, Sandra Maler Organizations: JOSE, PANAMA CITY, Tuesday, Interpol, Central American Locations: PANAMA, Costa Rican, Panamanian, Costa Rica, Rican, Caribbean, Pococi, Costa Rica's, Panama, San Jose, Panama City
The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.
Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York
Yields on the U.S. benchmark 10-year Treasury , which move inversely to prices, saw their steepest decline in more than a decade. The Fed chair reiterated that the fight against inflation was far from finished and said the central bank was ready to further tighten monetary policy if necessary. Investors see a strong chance of the central bank delivering a rate cut as early as March 2024, LSEG data show. In late 2022, for example, many expected a recession would hit this year, forcing the Fed to loosen monetary policy. The economy proved resilient while monetary policy stayed tight.
Persons: Jerome Powell, Brendan McDermid, Powell, Paul Nolte, Christopher Waller, “ Powell, that’s, , Ed Al, James St . Aubin, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Daniel Wallis Organizations: New York Stock Exchange, REUTERS, Federal, Fed, Treasury, Murphy, Sylvest Wealth Management, Columbia Threadneedle Investments, Sierra Investment Management, Thomson Locations: New York City, U.S
Rates futures markets are showing cuts being priced as early as May 2024, according to LSEG data. The prospects for rate cuts received a boost on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Deutsche Bank economists on Monday projected 175 basis points in Fed rate cuts in 2024, but said that those cuts would come with a mild recession in the first half of next year. “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year,” they wrote in a Wednesday report. Others said investors may be overestimating how quickly the Fed might react to signs of slowing inflation.
Persons: Carlo Allegri, Jack Ablin, ” Ablin, Christopher Waller, , Jake Schurmeier, Schurmeier, Thomas Barkin, Charlie McElligott, Michael Green, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: REUTERS, Federal Reserve, Treasury, Cresset, Gross, Harbor, Reuters, Richmond Fed, Nomura Securities, Deutsche Bank, JPMorgan, Management, Thomson Locations: Manhattan, New York City , New York, U.S, stoke, Carolina, New York
‘Gladiator’ (Dec. 31)Stream it here. ‘Kung Fu Panda’ (Dec. 31)Stream it here. ‘Mission: Impossible’ 1- 4 (Dec. 31)Stream them here, here, here and here. ‘Role Models’ (Dec. 31)Stream it here. The raw edge yet soft heart of this wildly funny bad-boy comedy from 2008, and the presence of the frequent leading man Paul Rudd, might lead you to assume it’s the work of Judd Apatow.
Persons: , Russell Crowe, Ridley Scott’s, Crowe, Maximus, Commodus, Joaquin Phoenix, Scott, Napoleon, , Steven Spielberg, Roy Scheider’s, Brody, Kung, Jack Black, Jackie Chan, David Cross, Dustin Hoffman, James Hong, Angelina Jolie, Randall Duk Kim, Lucy Liu, Ian McShane, Seth Rogen, Christopher McQuarrie, Tom Cruise, John Woo, Brian De Palma’s, Brad Bird, Paul Rudd, Judd Apatow, David Wain, Kerri Kenney, Silver, Joe Lo Truglio, Ken Marino, Rudd, Seann William Scott, J, Thompson, Christopher Mintz Organizations: Netflix Locations: Italy, Phoenix
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