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☆ US stocks test record highs as Powell says 'the time has come for policy to adjust'
▼ + stars: | 2024-08-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks tested record highs as Fed chairman Jerome Powell delivered his speech at Jackson Hole. "The time has come for policy to adjust," Powell said, confirming imminent interest rate cuts. AdvertisementUS stocks tested record highs on Friday as Federal Reserve chairman Jerome Powell delivered remarks at the Jackson Hole economic symposium. AdvertisementOf note about Powell's Jackson Hole speech, according to Renaissance Macro Research, is that it didn't include the word "gradual." AdvertisementIf Friday's surge higher holds, it could buck the trend of the stock market's reaction to Powell's previous Jackson Hole speeches.

Persons: Jerome Powell, Jackson, Powell, —, Susan Collins, Raphael Bostic, Powell's Jackson, Steve Sosnick, Sosnick Organizations: Service, Federal, Treasury, CNBC, Macro, Interactive Brokers

☆ BMW Championship: Scottie Scheffler plays down ‘sore’ back after injury concerns
▼ + stars: | 2024-08-23 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

1 Scottie Scheffler appeared to struggle with tightness in his lower back after shooting 1-under during the first round of this week’s BMW Championship on Thursday, but played down concerns it might threaten his participation in the event. “I woke up just a little sore this morning,” he said. But the American played down injury concerns, saying he would be fit enough to compete as usual for the rest of the BMW Championship. It was just a little sore. The opening round of the BMW Championship in Castle Pines Golf Club, Colorado, was delayed by three hours and 10 minutes after a storm hit the area.

Persons: Scottie Scheffler, ”, I’ve, Scheffler, Hideki Matsuyama, Matt York, Keegan Bradley, Bradley Organizations: CNN, BMW, FedEx St, Jude, Club Locations: Atlanta, Pines, Colorado

☆ I'm a high school teacher, and my school banned cellphones in the classroom. Every school should do the same.
▼ + stars: | 2024-08-19 | by ( Emily Brisse | ) www.businessinsider.com time to read: +6 min

Last fall, as the school year resumed across the nation, the school I work at implemented a new cellphone policy. Here are a few:"Although it might be a little inconvenient, I really enjoy the phone policy. When we can have our phones outside class, half the people are just sitting on their phones playing a game." "The phone policy is perfect. "To be completely honest, I think the phone policy is a really, really good and reasonable one.

Persons: they're, It's, —, You've Organizations: Service, Business

☆ Dip buyers vindicated as CPI report revives economic 'soft landing' scenario
▼ + stars: | 2024-08-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

This is the second day in a row that stocks have reacted with relief to an inflation report. The S & P 500 is now back to where it was just before the disappointing jobs report on Aug. 2. The S & P technology sector ETF (XLK) is also back to levels before the jobs report. The Cboe Volatility Index (VIX) has collapsed to 17 — also where it was just before the jobs report. Despite the growth scare that followed the jobs report, there are no signs of an imminent recession.

Persons: — Organizations: Federal, Treasury, Bloomberg News, Tech, Nvidia, Atlanta Fed Locations: Treasurys

☆ Putin appointed his former bodyguard to take over Russia's military response to the Kursk invasion, local lawmaker says
▼ + stars: | 2024-08-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Kursk State Duma deputy Nikolai Ivanov told Russian broadcaster RTVI on Tuesday that Putin had met personally with Alexei Dyumin, who was made secretary of the State Council in May. Ivanov said Putin told Dyumin to supervise military operations in Kursk, with the primary goal of ousting Ukrainian forces that invaded the Russian border region last week. Dyumin, seated second from Putin's right, attended a leading of Russia's top brass about the Kursk invasion. Related storiesWhen the now-deceased head of the Wagner Group, Yevgeny Prigozhin, staged a rebellion against Putin, Dyumin was rumored to have been instrumental in orchestrating negotiations. wrote state media military correspondent Alexander Sladkov on Tuesday.

Persons: —, Vladimir Putin, Nikolai Ivanov, Putin, Alexei Dyumin, Aleksey Gennadyevich Dyumin, Ivanov, RTVI, Dyumin, Valery Gerasimov, Alexander Bortnikov, Yevgeny Prigozhin, It's, Rybar, Alexander Sladkov Organizations: Service, Duma, RTVI, State Council, Business, Ukrainian, Bloomberg, Federal Security Services, Russian Presidential, Putin, Wagner Group Locations: Kursk, Russian, Crimea, Tula, Washington, Ukraine, Kyiv

☆ Allies want Trump to get on message and long Covid test proves elusive: Morning Rundown
▼ + stars: | 2024-08-13 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +10 min

A study on long Covid fails to bring researchers closer to finding a diagnostic test. Why there’s no test yet for long CovidAn estimated 17 million people have long Covid, but identifying people with the condition still can't be achieved with one diagnostic test, researchers said this week. So “clinicians are left to continue doing what we have done in the past,” which is to rule out other potential health conditions rather than diagnosing long Covid, they said. The study is part of the National Institute of Health’s RECOVER Initiative, a billion-dollar-plus effort launched in 2021 to research causes and treatments of long Covid. The Freedom Caucus added that in the event of a stopgap bill, funding should be “extended into early 2025” to avoid passing a funding bill that “preserves Democrat spending.” Both demands would spark a standoff with Democratic lawmakers.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Kevin McCarthy, Joe Biden, Oleksandr Syrskyi, Vladimir Putin, Putin, Aleksei Smirnov, Karen Bass, S. Organizations: Los Angeles, Trump, Former, Fox News, Kremlin, Los Angeles —, Lacrosse, Flag Locations: Florida, Ukraine, Kursk, Ukrainian, L.A, Paris, Los Angeles, Angeles, 4 e

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ As Trump flails and invites conspiracies, allies plea for him to stay on message
▼ + stars: | 2024-08-13 | by ( Kristen Holmes | Steve Contorno | ) edition.cnn.com time to read: +10 min

“There’s a lot of opposition to people just hearing what President Trump has to say,” Musk said. “President Trump prosecuted the case against Kamala Harris for over two hours yesterday in a record-breaking conversation on X Spaces. The Trump campaign has repeatedly featured Dion’s hit song, “My Heart Will Go On,” at rallies throughout 2023 and 2024. In a segment on Fox Business, Trump allies Larry Kudlow and Kellyanne Conway shared a message clearly tailored to their friend. “Don’t wander off, don’t call her stupid and all kinds of names, stay on message,” Kudlow said.

Persons: Donald Trump’s, Elon Musk, Musk, “, Trump, ” Musk, Kamala Harris, Harris, Joe Biden, Kamala, Walz, Steven Cheung, Biden, flailing, Brian Kemp of Georgia, Martin Luther King Jr, Donald Trump, ”, Steve Deace, “ Donald Trump, Celine Dion, Dion’s, Larry Kudlow, Kellyanne Conway, don’t, ” Kudlow, Conway, ” Conway, Kevin McCarthy, They’ll, Laura Loomer, Loomer, –, Ron DeSantis ’ Organizations: CNN, Elon, Trump, Republican Gov, Jobs, “, Saturday, Capitol, Fox Business, Republican, Mar, National Association of Black Journalists, Florida Gov Locations: Trump, Washington, Montana, ”, Bedminster , New Jersey, Michigan, Detroit

☆ New England Patriots win first game without Bill Belichick in over 24 years
▼ + stars: | 2024-08-12 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —The New England Patriots won their first game in over 24 years without legendary coach Bill Belichick in charge, beating the Carolina Panthers 17-3 in their opening preseason game on Thursday. Third-year quarterback Bailey Zappe played a larger role, before rookie QB Joe Milton III finished the game. Milton III throws a pass to teammates Terrell Jennings in the second half against the Panthers. The last time New England won without Belichick on the sidelines was on January 2, 2000, when the Pete Carroll-led Patriots beat the Baltimore Ravens 20-3 in Foxborough. During his time with the team, Belichick won six Super Bowl titles and is famed for his pairing with legendary quarterback Tom Brady.

Persons: Bill Belichick, Jerod Mayo, Drake Maye, ” Maye, ” Mayo, Maye, Bailey Zappe, Joe Milton III, Milton III, JaQuae Jackson, Terrell Jennings, Jaiden Tripi, Mayo, Milton, “ He’s, it’s, you’ve, ”, Belichick, Pete Carroll, Tom Brady Organizations: CNN, New England Patriots, Carolina Panthers, Patriots, NFL, Panthers, Getty, England, Baltimore Ravens Locations: Milton, England, Foxborough

☆ World beaters: Women athletes ruled the Olympics
▼ + stars: | 2024-08-11 | by ( Raquel Coronell Uribe | Raquel Coronell Uribe Is A Breaking News Reporter. | ) www.nbcnews.com time to read: +4 min

Sarah Stier / Getty Images filePerhaps most impressive is the sheer number of medals won by U.S. women. The country in fourth place, with the closest number of medals to the American women, is Great Britain, with 65 medals. Sixty-seven medals is a record for U.S. women and a record for any country’s women in general, beating the U.S. total of 66 in Tokyo. Biles and Suni Lee went 1-2 on the all-around and became the first two all-around women gold medalists to go head-to-head in an all-around final. The women’s U.S. basketball team won its eighth Olympic gold in a row, earning a shoutout from former President Barack Obama on X.

Persons: Katie Ledecky, Sarah Stier, Jordan Chiles, Simone Biles, Suni Lee, Jamie Squire, Chiles, Lauren Scruggs, Amita Berthier, Al Bello, —, Biles, Rebeca Andrade, Amit Elor, Barack Obama, Imane, Ulrik Pedersen, Imane Khelif, Lin Yu, Angela Carini, Khelif, Carini, Lin, ” Organizations: U.S, USA’s, IOC, United States ’, Games, Olympic Games, Boxing Association, Olympic Locations: Paris, Romania, China, Great Britain, Tokyo, Singapore, United, Algeria, Algerian, Taipei, Russian, New Delhi

☆ A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.
▼ + stars: | 2024-08-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.

Persons: —, Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim

☆ Florida residents should flee to these 2 popular states before climate change decimates home values
▼ + stars: | 2024-08-10 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Although steadily rising global temperatures and their effects are increasingly hard to ignore, Burt believes they're not yet factored into property values. Flood insurance costs will skyrocket since they're severely underpriced to climate risk, his research indicates. Related stories"I think that there's a lot of pent-up supply from folks, particularly who are being exposed to these ownership cost increases away from mortgage rates," Burt said. They'll then be prepared to either bear the burden of higher insurance costs, or sell. AdvertisementUnlike Ivy Zelman, who's another analyst with a knack for spying issues in the housing market, Burt doesn't think the Midwest is the best region for beach-dwellers to flee to.

Persons: David Burt, who's, Burt, they're, Ivy Zelman, Burt doesn't Organizations: Service, Business Locations: Georgia, Florida, New York

☆ A Head-Spinning Debut
▼ + stars: | 2024-08-10 | by ( Jonathan Abrams | ) www.nytimes.com time to read: +1 min

Breaking is a new sport at this year’s Summer Olympics — at least we’ll call it a sport for the sake of the Games. You probably know it as break dancing, the art form in which performers spin, pose, glide and dance across the floor with incredible athleticism and charisma. The event debuted yesterday in Paris with the women’s, or B-Girls’, competition. Ami Yuasa of Japan, known as B-Girl Ami, bested Lithuania’s Dominika Banevic, or B-Girl Nicka, to win breaking’s first gold medal. The dance spread nationally and globally through movies like “Beat Street” and pioneering crews providing demonstrations in countries like Japan and England.

Persons: Ami Yuasa, Ami, Lithuania’s Dominika, I’ll, Red Bull Organizations: Red Locations: Paris, Japan, New York, England, Europe

☆ Team USA just survived Serbia. It faces an even bigger test against France’s home-court advantage
▼ + stars: | 2024-08-10 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +5 min

The so-talented-it-is-hard-to-comprehend US roster carved up Serbia, South Sudan and Puerto Rico in group play and then bulldozed Brazil in its quarterfinal matchup. Having already beaten Serbia twice in the last few weeks and looking unstoppable, Team USA went into Thursday’s game against the European nation expecting another romp. “I remember, like it’s today, like it was yesterday, dreaming about seeing myself playing in the final at home in the Olympics. “That’s going to be the most-watched game, I feel like, since I’ve been playing in FIBA. Despite looking in sync throughout the group stage and against Brazil, there were signs of chemistry issues in pre-Olympics exhibitions and during the game against Serbia.

Persons: Nikola Jokić, who’s, Victor Wembanyama, ”, Stephen Curry, “ We’ve, Léon, it’s, “, you’re, Rudy Gobert, ” Victor Wembanyama, Evan Fournier of France, Shai Gilgeous, Alexander of, Gregory Shamus, “ That’s, I’ve, Kevin Durant, USA’s, Durant, Devin Booker, It’ll, Steve Kerr, ” Kerr, we’ve Organizations: Paris CNN —, Olympic, France, Serbia, Team USA, Paris ’ Bercy, NBA, of Famer, Stade de France’s rugby, La, Bercy Arena, Minnesota Timberwolves, American, FIBA, Phoenix Suns, Durant’s Suns, France isn’t, International Basketball Federation Locations: Serbia, South Sudan, Puerto Rico, Brazil, Paris, European, France

☆ What you should do with your 401(k) in a highly volatile market
▼ + stars: | 2024-08-07 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

But if you’re investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio. There will be days when the market is up and days when it’s down. What’s more, Ornstein said, “Typically, the best days in the market follow the worst days.” Over the past 20 years, he added, if you had stayed fully invested in the market throughout, your average annual returns would be nearly twice what they would have been had you missed the 10 best days. Say you set up a portfolio of 70% stocks and 30% bonds but now it’s morphed into a 60/40 portfolio. And since 1960 there have been far more positive annual returns on the S&P 500 than negative ones, Smith said.

Persons: Doug Ornstein, you’re, ” Quincy Krosby, Andy Smith, it’s, Ornstein, Smith Organizations: New, New York CNN, Investment, LPL, Edelman Locations: New York, What’s

☆ Simone Biles says she ‘definitely’ sees herself as a mom someday
▼ + stars: | 2024-08-06 | by ( Scott Stump | ) www.nbcnews.com time to read: +2 min

Simone Biles is still plotting out her future after adding four Olympic medals in Paris to her unmatched legacy, but she definitely sees children on the horizon at some point. “Obviously, we both have goals that we want to achieve before we start a family.”Kotb asked Biles if she sees herself as a mom one day. Biles said that Owens still gets her flowers “weekly” — and in Paris, "TODAY" gifted her a “bouquet” of her favorite food: french fries. Simone Biles and Jonathan Owens in Houston, Texas, on Jan. 29. “He was so excited,” Biles said.

Persons: Simone Biles, Hoda, Jonathan Owens, what’s, “, Jonathan, ” Biles, ” Kotb, Biles, Owens, Carmen Mandato, Kotb, I’m, ” Owens, ”, he’s Organizations: Chicago Bears Locations: Paris, Houston , Texas, California, Los Angeles

☆ Simone Biles says she was overwhelmed with emotion after she finished competing in the Paris Olympics
▼ + stars: | 2024-08-06 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Simone Biles said she closed her time at the Paris Olympics "bawling my eyes out" to her teammates, after a glorious run where the 27-year-old superstar secured four medals — three gold and one silver. She bowed out of the Olympics Monday after winning silver in the women’s floor exercise final following multiple penalties, and after falling on the balance beam. Speaking on how she felt ending her stint at the world's greatest competition stage, the 11-time Olympic medalist said it hasn't quite sunk in. For him, it meant the world to him because he’s seen the amount of hours that I’ve put in. Instead, she simply wants to be remembered as “someone who loved the sport, had fun doing it and was just authentically herself.”

Persons: Simone Biles, Chiles, ‘, ”, Hoda Kotb, Biles, ” Ronald, Nellie Biles, Adria, Kotb, I’m, ” Biles, “, Jonathan Owens, he’s, I’ve Organizations: Paris, Tokyo, Games, Tokyo Olympics Locations: “, Jordan, Los Angeles, Paris

Harris expected to announce her VP pickBy the end of the day, the world will know who Kamala Harris’ 2024 running mate will be. This is Morning Rundown, a weekday newsletter to start your day. Simone Biles won the silver medal in the floor exercise, bringing her final Paris medal count to four: three golds and one silver. Google’s antitrust loss is a win for internet regulatorsIn a massive antitrust lawsuit ruling, a federal judge found that Google has an illegal monopoly on search engines and text advertisements. Despite some posts and influencers recommending close to 100 grams of protein per day, experts say the answer is far less.

Persons: Kamala Harris, Harris, Kamala Harris ’, Josh Shapiro, Sen, Mark Kelly of, Tim Walz —, JB Pritzker, Andy Beshear, Pete Buttigieg, Joe Biden, Donald Trump, Read, Simone Biles, Suni Lee, Biles, Jordan Chiles, Brazil’s Rebeca Andrade, Chiles, Andrade, Elsa, Gabby Thomas, McKenzie Long, Brittany Brown, Noah Lyles, Spain’s, Peacock, Debby, Biden, TikTok, dietitians, Cori Bush, Dan Newhouse, Trump, Clarence Thomas, Domenick Fini, he’s, — Melissa Chan, Elizabeth Robinson Organizations: Google, Pennsylvania, Minnesota Gov, Illinois Gov, Kentucky Gov, Paris, National Hurricane Center, U.S, Asad Air Base, NBC News, White, Republican, NBC, An Army, CDC, WHO, Marion County Record Locations: U.S, Philadelphia, Mark Kelly of Arizona, Minnesota, Kentucky, Paris, Los Angeles, ’, Spain, France, Morocco, Egypt, Tropical, Georgia, Florida, United States, South Carolina, North Carolina, Gainesville , Florida, Mississippi, Florida , Georgia, Iraq, Jordan, Israel, Lebanon, Iran, Missouri, Kansas , Michigan , Missouri, Washington, Kansas, Virginia

mapodile/E+/Getty ImagesFor individual investors, the quick-turn global rout in stocks on Monday was unsettling, even with news Tuesday that there is somewhat of a bounce-back going on. But if you’re investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio. Andy Smith, executive director of financial planning at Edelman Financial Engines, puts it this way: “Separate your emotion from your money. Say you set up a portfolio of 70% stocks and 30% bonds but now it’s morphed into a 60/40 portfolio. And remind yourself periodically that even bear markets have not stopped the long-term increases in stocks over time.

Persons: you’re, ” Quincy Krosby, Andy Smith, it’s, Smith Organizations: LPL, Edelman

☆ The yen carry trade unwind: A big complication for global markets
▼ + stars: | 2024-08-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

In its simplest form, the yen carry trade has investors borrowing cheap yen to invest in higher yielding assets, often currencies. For example, because there is not a central source to track currency trades, we have no idea how big the yen carry trade is. The yen is rising, and that is making the yen carry trade less profitable. If the yen goes from 155 to 145, which is where it traded Monday, it will take $68,965 to repay that 10 million yen (10 million yen divided by 145 = $68,965). One positive sign: the ETF to watch is the Invesco Japanese Yen ETF (FXY), which tracks the price of the Japanese yen, had volume six times normal yesterday.

Persons: That's, Nicholas Colas Organizations: Nikkei, Street Journal, Federal Reserve, Bank of Japan, U.S, U.S ., Yen ETF Locations: U.S, Japan

☆ Bangladesh’s ‘Gen Z revolution’ toppled PM Sheikh Hasina. Why did they hit the streets and what happens now?
▼ + stars: | 2024-08-06 | by ( Helen Regan | ) edition.cnn.com time to read: +11 min

Fires burn outside the Prime Minister's House after Sheikh Hasina resigned and fled the country, on August 5, 2024 in Dhaka, Bangladesh. Protesters shout slogans as they celebrate Prime Minister Sheikh Hasina's resignation in Dhaka. Other student protesters and those arrested on “false cases,” were also released, the president said. K M Asad/AFP/Getty ImagesWhile Hasina’s resignation was celebrated, some Bangladeshis expressed trepidation over the path ahead as the country attempts to fill a leadership vacuum. “Hasina may be gone, but there is still a long road ahead for Bangladesh,” student Faiza Chowdhury, 25, told CNN.

Persons: Sheikh Hasina, Zaman, Muhammad Yunus, Hasina, Minister's, Parvez Ahmad Rony, Sheikh Mujibur Rahman, Hasina’s, Sheikh Hasina's, Mujibur Rahman –, ”, Raiyan Aftab, …, Shaheed, Shaheed Minar, Aftab, Abu Sufian, Mohammed Shahabuddin, Khaleda Zia –, –, Wolfgang Rattay, Z, Sabrina Karim, Karim, “, Mohammad Ponir Hossain, Muhammad Nahid Islam, hadn’t, Yunus, K M Asad, Faiza Chowdhury Organizations: CNN, Bangladesh, Dhaka, Yunus, Dhaka University, Awami League, “, BRAC University, Dhaka Medical College, Dhaka University Campus, Getty, Reuters, curfews, Cornell University Locations: Dhaka, Bangladesh, India, Pakistan, Rajib Dhar, Munich, Germany, UN, Paris, ”, AFP, Bangladeshi, New York

☆ Tech had a rough day. But don’t call it a dot-com meltdown moment yet
▼ + stars: | 2024-08-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

On Monday afternoon, a federal judge ruled that Google violated US antitrust law with its search business. And despite yesterday’s decline, which already appears to have begun reversing, shares of Apple, Amazon, Microsoft, Meta, Google and Nvidia all remain up strongly year-to-date. Anything that threatens its market share could also put that core business — already facing competitive threats from emerging AI tools — at risk. It could also embolden lawmakers who have been looking to crack down further on the power of Big Tech. “This ruling will inspire short-term confidence for DuckDuckGo, Yahoo and other Google Search competitors.

Persons: New York CNN — It’s, “, Charlie Miner, ” Miner, Angelo Zino, ” Zino, they’re, it’s, ” Sen, Amy Klobuchar, ” Organizations: New, New York CNN, P Global, Investors, Google, US Federal Reserve, Big Tech, CNN, Research, Apple, Microsoft, Meta, Amazon, Nvidia, Tech, Yahoo Locations: New York, Google’s

☆ Opinion | What the Latest Polling Tells Us About the 2024 Race
▼ + stars: | 2024-08-06 | by ( Kristen Soltis Anderson | ) www.nytimes.com time to read: +3 min

Right out of the gate comes Tim Saler, a data consultant for Mr. Trump’s campaign, who takes issue with the latest CBS News/YouGov poll showing Ms. Harris ahead of Mr. Trump by one point nationally and running very close to Mr. Trump in the key battleground states. Without this manipulation, President Trump would be maintaining a 51-49 lead in their Aug. 4 survey. As a result, we adjust our data to align with known benchmarks, a process known as weighting. Weighting a survey by factors like age and race is quite standard and is a basic matter of good research practice. Pollsters have robust and friendly debates over the best ways to keep a poll from over- or under-sampling people of a certain party.

Persons: Kamala Harris, Donald Trump, Tim Saler, Trump’s, Harris, Trump, Vance, Saler, let’s, “, Brian Hughes Organizations: CBS, Trump, New York Times, Siena College

☆ Global Stock Market Chaos
▼ + stars: | 2024-08-06 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

Markets around the globe fell sharply; the S&P 500 index was down 3 percent. Stock markets are fickle, and their movements can’t tell you much about the health of the economy. But yesterday’s tumult reflects an underlying reality: The job market is cooling. Now, the unemployment rate, at 4.3 percent, is basically back to normal. By April 2020, the unemployment rate — which had been at a five-decade low of 3.5 percent — jumped to nearly 15 percent.

Persons: Covid Organizations: Stock

☆ Moving out of cash? These are the top-performing fixed income funds so far this year
▼ + stars: | 2024-08-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Get out of cash — that's what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They're now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts of fixed income. "An easier tack from the central bank is likely to buoy risk markets like high yield fixed income and other spread product, including structured products, investment grade corporates and emerging market debt," said Robert Tipp, chief investment strategist and head of global bonds at PGIM Fixed Income. For investors looking for ideas, here are the top-performing global fixed income funds covered by Morningstar.

Persons: They're, Rick Rieder, Robert Tipp, Tim Murray, Price Organizations: U.S . Federal Reserve, Morningstar

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