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The ‘Suicide’ of the Liberal Arts
  + stars: | 2022-12-03 | by ( Naomi Schaefer Riley | ) www.wsj.com   time to read: +1 min
John, are you an Athenian or a Spartan?” A group of Iraqi students put that question to John Agresto in 2003, when he was in Baghdad working to rebuild Iraq’s university system for the Coalition Provisional Authority. After a classroom discussion of Thucydides, he says, “I thought I knew what they were driving at. So I said, ‘I hope I’m an Athenian, cultured and sophisticated. I don’t want to be a Spartan, rough and warlike.’ ”That was the answer the students were looking for—but Mr. Agresto had misunderstood the question. “The Spartans talked a lot about honor, their alliances and their friends,” he says.
Three-Stock Lunch: Adobe, Salesforce and FedEx
  + stars: | 2022-12-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Adobe, Salesforce and FedExArt Hogan, B. Riley Wealth chief market strategist, joins 'Power Lunch' to discuss Hogan's investing take on three stocks: Adobe, Salesforce and FedEx.
A group of vocal conservative officials are criticizing aspects of ESG investing. Players in the ESG ecosystem, like S&P Global and BlackRock, the world's largest money manager and an influential proponent of ESG investing, are often the subject of their critiques. Instead, officials often paint large financial firms' ESG strategies as functions of left-leaning agendas. Here are key GOP players who are taking aim at ESG investing. Abbott, who is seeking reelection in November, was early to denouncing ESG investing.
CNN —Australia stunned Denmark – a team ranked 28 places above the Socceroos in FIFA’s World Rankings – to reach the World Cup knockout stages thanks to a brilliant goal from Mathew Leckie that secured a 1-0 victory. A goalless draw between Australia and Denmark and a Tunisia win would have put the Carthage Eagles through to the knockout stages. Just four minutes later, with their World Cup hopes hanging by a thread, the Socceroos counter-attacked from their box and Riley McGree found Leckie on a well timed run. Denmark continued to press but Australia hung on in a tense finish to secure its spot in the round of 16 and win back-to-back World Cup matches for the first time in its history. Serhat Cagdas/Anadolu Agency/Getty ImagesVictory over Tunisia on Saturday had given Australia an unlikely chance of progressing to the knockout stages and, despite its underwhelming start to the World Cup, Denmark could have also qualified in this winner-takes-all match.
Australia finished second with six points, level with group winners France after the world champions lost 1-0 to Tunisia. Denmark were bottom on one point with Tunisia third on four. They finally broke the deadlock at the hour mark as Leckie timed his run perfectly and sent the ball through Maehle's legs before beating Schmeichel. Australia defended strongly in the closing stages to secure consecutive victories at the World Cup for the first time. For Denmark, it was the end of a disappointing and frustrating campaign, in which they scored only one goal in three games.
[1/7] Herbs and micro-greens grown at the underground farm in a disused World War Two bunker using hydroponic technology and LED lighting, powered by renewable energy, are pictured in London, Britain November 24, 2022. REUTERS/Maja SmiejkowskaLONDON, Nov 28 (Reuters) - In an underground World War Two air raid shelter where London tube trains can be heard rattling overhead, aromatic coriander leaves tilt towards the pink glow of LED bulbs - a vision of how farms could look in the future. Zero Carbon Farms grows herbs and salads in Clapham, south London, a densely populated area with no room for conventional agriculture. But 30 metres below ground there is a kilometre of tunnels, and technology has made farming here a reality. "What makes this industry so exciting and challenging is that no one's quite cracked it," said Zero Carbon Farm's business development director Olivia O'Brien.
In this article LTH Follow your favorite stocks CREATE FREE ACCOUNTKeith Grossman, Time president TIMEPieces Artist Jeremy CowartTime president Keith Grossman is leaving the legacy publisher to take on a new role as the president of enterprise at crypto startup MoonPay, effective December 31. Before his three-plus years at Time, Grossman had held leadership posts at major publishers including Bloomberg and Condé Nast-owned Wired. "I think it's important to separate a bad actor from an industry," Grossman said of the FTX fallout. Crypto's confidence crisisIn the 12 months since bitcoin topped out at over $68,000, the crypto industry, once valued at roughly $3 trillion, has fallen to around $900 billion. Enterprise adoption has been fueling this belief, with companies including Nike , McDonald's , Adidas and Starbucks launching their own NFT collections.
A woman browses a merchandise shop in Tokyo Dome ahead of the Japan Central League baseball match between Yomiuri Giants and Hiroshima Carp on October 14, 2020 in Tokyo, Japan. Sports commerce platform Fanatics is expanding a recently signed long-term partnership with Nike to include manufacturing and distribution of merchandise for the Yomiuri Giants, Japan's most successful and popular baseball team. Nike will become the official uniform supplier of the Yomiuri Giants. Fanatics is also creating autograph and collectible products for fans of the Yomiuri Giants. The Yomiuri Giants are the first sports team outside the U.S. to adopt this Nike-Fanatics model for on-field and sports merchandise.
Elon Musk expressed interest in reinstating the Babylon Bee's twitter account hours after he took over. According to The Washington Post, Musk thought the right-wing satire site shouldn't have been banned. The Babylon Bee had called Biden health official Rachel Levine, who is a transgender woman, "Man of the Year." The site's account was reinstated on Sunday, three weeks after his takeover of Twitter. Weeks before Musk's purchase, ex-wife Talulah Riley texted Musk criticizing the platform's decision to ban The Babylon Bee and calling for him to reverse the decision and make the platform "radically free speech."
Williams was found guilty on six counts, but the jury deadlocked on two others, including whether she aided and abetted the theft of a laptop in the office of House Speaker Nancy Pelosi. She also pushed up against cops and tried to organize other rioters inside the Capitol rotunda. But they deadlocked on obstruction of an official proceeding — a charge which would have carried the lengthiest potential sentence — and the charge of aiding and abetting the theft of Pelosi's laptop. Williams, who showed little emotion when the jury returned its verdict, was clearly upset by Jackson's decision to lock her up. About 900 people have been arrested in connection with the U.S. Capitol attack, with hundreds more arrests in the works.
A judge ordered Riley Williams detained ahead of her sentencing in February on January 6 charges. The jury failed to reach a unanimous verdict on a charge Williams helped steal a laptop from Pelosi. In previous jury trials, Capitol rioters have been found guilty on all charges they faced, including obstruction of an official proceeding. Williams "led an army" to Pelosi's office suite, prosecutors said, where she encouraged fellow rioters to steal a laptop the speaker used for Zoom meetings. The trial featured images of rioters ransacking Pelosi's office, with some suggesting that they steal a pair of pink boxing gloves that the House speaker kept on a table.
Liberty Media to Split Off MLB’s Atlanta Braves
  + stars: | 2022-11-17 | by ( Will Feuer | ) www.wsj.com   time to read: 1 min
Austin Riley of the Atlanta Braves made a catch against the Philadelphia Phillies last month in Atlanta. Media and entertainment company Liberty Media Corp. said it would split off the Atlanta Braves Major League Baseball team and its associated real-estate development project into a separate, publicly traded company. Liberty Media, which operates and owns interests in businesses including Sirius XM Holdings Inc. and Formula One Group, said it would redeem its existing Liberty Braves common stock in exchange for shares of a newly formed company to be called Atlanta Braves Holdings Inc.
You Can Soon Buy Stock Directly in the Atlanta Braves
  + stars: | 2022-11-17 | by ( Will Feuer | ) www.wsj.com   time to read: 1 min
Austin Riley of the Atlanta Braves made a catch against the Philadelphia Phillies last month in Atlanta. Fans could soon own a piece of just the Atlanta Braves. Liberty Media Corp., the owner of the Major League Baseball team, said it plans to split the Braves off into a publicly traded company, separating shares of the team from the rest of billionaire John Malone ‘s sprawling holdings.
WASHINGTON — A video filmed by a man charged in connection with the Jan. 6 attack shows rioters inside House Speaker Nancy Pelosi's office during the insurrection. It was released to the media following a request by NBC News. In the video, rioters can be heard chanting, “Naaaancy, Naaaancy, Naaaancy" as they enter the speaker's suite, where staffers were huddled in a conference room, barricading themselves from the mob. The laptop was already gone by the time Lyons entered the conference room, the video shows. About 900 defendants have been charged in connection with the Capitol attack and more than 440 have pleaded guilty to various charges.
WASHINGTON — A far-right extremist charged with aiding and abetting the theft of a laptop from Nancy Pelosi's office during the Jan. 6 Capitol attack, "led an army" towards the House Speaker's suite, prosecutors told jurors during closing arguments on Wednesday. Video features her encouraging rioters to take a laptop inside Pelosi's office, and urging the mob to push up against officers inside the Capitol rotunda. Williams, both prosecutors and the defense agreed, was obsessed with Nick Fuentes and his group the "Groypers," a far-right, white nationalist movement. To prosecutors, Williams was a leader who directed the mob. Williams was "surprised to be where she was" in Pelosi's office, Ulrich said.
In the Big 12 this season, there is a 10-0 team that is making a convincing case to be one of the four teams to make the College Football Playoff. The team features a coach named Riley calling the shots for an explosive offense and a mobile quarterback who is confounding opposing defenses. In many of the last few years, that team would have been one of Oklahoma’s Lincoln Riley-coached teams on its way to the playoff. But in 2022, the team in question is No. 4 Texas Christian, whose offensive coordinator is Garrett Riley, the former Sooners coach’s younger brother.
This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.
"Inflation is clearly moving in the right direction, and that keeps a more hawkish Fed at bay," he said. The spike higher in the yen versus the dollar stirred speculation the Bank of Japan intervened, which analysts doubted. Fed funds futures priced in a drop in expectations for the U.S. central bank's peak target rate, which fell below 5%. The likelihood of a 50-basis-point rate hike by the Fed instead of a 75-basis-point increase in December rose to 71.5%. CPI rose 7.7% in October on a year-over-year basis, down from 8.2% in the prior month, as headline inflation fell below 8% for the first time since February.
read moreMARKET REACTION:STOCKS: S&P 500 futures turned sharply higher and were up 3.1%BONDS: The yield on 10-year Treasury notes tumbled and was down 21.5 basis points at 3.927%; The two-year U.S. Treasury yield was down 26.6 basis points at 4.362%. The dollar index was off 1.3%COMMENTS:BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN“Well, that was a relief. And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.
Every line of the report shows sequential improvement," said Art Hogan, chief market strategist at B. Riley Financial. The report prompted traders to adjust their rate hike bets, with bets of a 50-basis point rate hike in December jumping to more than 70% from 45% before the data was released. Following last week's Fed policy meeting, some U.S. central bank officials have made comments that pointed to slower rate rises over coming meetings. The Fed's policy rate is currently in a range of 3.75%-4.00%. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, fell to a near two-month low of 23.94.points.
VIEW Comfortably cool US Oct CPI spells relief for Fed
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +4 min
And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. Next, we immediately turned our attention to the CPI and that clearly came in better than expected. It rocketed the futures higher and then to top it off, weekly initial unemployment claims came in higher than expected. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.
read moreMARKET REACTION:STOCKS: S&P 500 futures turned sharply higher and were up 3.1%BONDS: The yield on 10-year Treasury notes tumbled and was down 21.5 basis points at 3.927%; The two-year U.S. Treasury yield was down 26.6 basis points at 4.362%. And I think the expectation now is the Fed hikes rates 50 basis points in December. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. Next, we immediately turned our attention to the CPI and that clearly came in better than expected. "Given just this data, it would allow the Fed to raise by only 50 basis points rather than 75 at the next meeting.
CNN —‘Tis the season for wall charts and fans gathering around to pick their starting teams for the 2022 Qatar World Cup. “It’s always difficult when a guy helps you get to the World Cup, he scores three goals in World Cup qualifying and isn’t going to be a part of the program. Again, it’s more about who we did add that we felt good about.”All but one of the 26 will be making their World Cup debut at this year’s tournament and, according to the USMNT, it will be the youngest team to qualify for the World Cup. Octavio Passos/Getty Images Europe/Getty ImagesGhanaManager: Otto AddoThe final squad has not been announced yet. READ: Meet Otto Addo, the coach responsible for guiding some of Europe’s brightest young talents (2021)—–PortugalManager: Fernando SantosThe final squad has not been announced yet.
3 Markets rejoice after surprisingly cool inflation report
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +9 min
YUNG-YU MA, CHIEF INVESTMENT STRATEGIST, BMO WEALTH MANAGEMENT, CHICAGO“The better-than-expected CPI numbers are welcome but show a lot of underlying volatility. What Powell said is that we are going to need a few more reads on good CPI data before he can say we’re done." Shelter is the main contributor to inflation and everyone should know by now that it’s a garbage indicator of where inflation is headed. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK"A softer than expected inflation report is acting as a tailwind for markets. “The good news is that we saw a significant sequential improvement, inflation is clearly moving in the right direction.
They wanted to protect abortion rights and stop candidates beholden to Republican former president Donald Trump. That surprised Democratic Party strategists and pollsters, who had expected inflation would trump everything, including concerns about the loss of abortion rights. Michigan voters approved a ballot issue that gave abortion state constitutional protection and re-elected Governor Gretchen Whitmer, who had vowed to “fight like hell” to protect abortion rights. Sydney Wright, an 18-year-old student at the University of Nevada, Reno, said she counts herself as a conservative but voted Democratic because of abortion. THE TRUMP FACTORLike Wright, Nyasha Riley, 37, a registered Republican in Phoenix, voted for Democrats because of abortion rights and Trump.
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