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☆ Market misjudging fundamentals in some top tech businesses, says Goldman's Luke Barrs
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket misjudging fundamentals in some top tech businesses, says Goldman's Luke BarrsLuke Barrs, Goldman Sachs head of client portfolio management, joins 'Squawk on the Street' to discuss Bars' thoughts on where investors should place their money, if the day's moves are reacting to the debt ceiling debate and much more.

☆ National Conservatism: Why are some British Conservatives behaving like the next election is already lost?
▼ + stars: | 2023-05-18 | by ( Luke Mcgee | ) edition.cnn.com time to read: +10 min

The list goes on, but the general theme of this conference was that British Conservatism is having an identity crisis and these ideas could be the solution. CNN spoke to several people involved in this conference as well as people inside the Conservative Party who opposed the conference and its ideas. Another group of Conservatives supporting the vocal criticisms of Sunak are, sources say, thinking beyond the election and about future leadership contests. Indeed, another Conservative conference was held at the weekend, seen widely as a “Bring Back Boris” event, which the former PM didn’t turn up to. Pro-Sunak Conservatives who still think the next election could be won are also not happy.

☆ These are the 6 best long-term investing opportunities right now, according to a global portfolio management head at Goldman Sachs
▼ + stars: | 2023-05-18 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Investors should take a long-term view of the market, according to Luke Barrs of Goldman Sachs Asset Management. A long-term focus keeps Barrs level-headed when faced with a constant barrage of concerns that leads some to panic-sell. 6 places to put your money right nowAfter breaking down his investing philosophy, Barrs shared six investments he likes right now. Going forward, emerging markets stocks should benefit from a weaker US dollar, stronger earnings, and China's continued economic reopening, which is leading to a tourism boom. Within emerging markets, Barrs especially likes India.

☆ Virgin Galactic targets May 25 for first spaceflight since Richard Branson's trip
▼ + stars: | 2023-05-17 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Virgin Galactic is targeting as early as May 25 for the launch of its next spaceflight, which marks both its first in nearly two years since flying founder Sir Richard Branson and its planned last step before beginning commercial service. Called Unity 25, the mission represents the company's fifth spaceflight to date, launching out of Spaceport America in New Mexico. It is a "final assessment" flight, with six Virgin Galactic employees onboard for a short trip to the edge of space. In-house pilots Mike Masucci and CJ Sturckow will fly spacecraft VSS Unity, while Jameel Janjua and Nicola Pecile will fly carrier aircraft VMS Eve. Depending on the outcome and data gathered from Unity 25, the company aims to fly its first commercial mission in "late June."

☆ Officials Who Cast Doubt on Hunter Biden Laptop Face Questions
▼ + stars: | 2023-05-16 | by ( Luke Broadwater | ) www.nytimes.com time to read: +2 min

As Justice Department officials weigh the matter, the investigator overseeing the Internal Revenue Service’s portion of the case has also come forward with allegations of political favoritism in the inquiry. On Monday, a lawyer for that investigator sent a short letter to Congress that said the investigator and the rest of his team were being removed from the inquiry, which is reaching its end as officials weigh whether to pursue charges. The former intelligence officials stress that their letter stated that they had no evidence of a Russian disinformation campaign, and that they were merely stating an opinion. “The Congress is wasting its time and our money by investigating the First Amendment rights of private citizens,” Mark Zaid, a lawyer who represents seven signers of the letter, said in an interview. Democrats also argue that the letter must be understood in its proper context.

☆ Manchin Clashes With Biden Administration Over Climate Law
▼ + stars: | 2023-05-16 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

Ever since Senator Joe Manchin III, the conservative West Virginia Democrat, cast the crucial vote last year for the Inflation Reduction Act, delivering President Biden his biggest legislative victory to date, the bill has weighed him down politically. Mr. Manchin’s poll numbers in his solidly Republican and coal-rich state dropped last year after he played a critical role in writing the climate, health and tax legislation. He has since worked to rebrand the pro-environment law, telling voters it would not only combat climate change but also ensure fossil fuel production in the United States. He has professed frustration and dismay at what he calls the “radical climate agenda” that he says is driving the Biden administration’s rollout of the law. And he is still irritated that his colleagues failed to include one of his top priorities: an initiative to speed permitting of energy projects.

☆ What to Know About the Comstock Act
▼ + stars: | 2023-05-16 | by ( Luke Vander Ploeg | Pam Belluck | ) www.nytimes.com time to read: +1 min

As the legal battle over abortion pills winds through the federal courts, anti-abortion activists are citing a 150-year-old law, the Comstock Act of 1873, to bolster their case. Here is how the Comstock Act came to be and how it is being viewed today. What does the Comstock Act say? Among other things, the Comstock Act prohibits the mailing of “obscene, lewd, or lascivious” materials, like pornography, or any article or thing “intended for the prevention of conception or procuring of abortion.” It also prohibits shipping those things by way of express common carriers, meaning services like FedEx or UPS. The act’s namesake, Anthony Comstock, was a deeply religious Civil War veteran turned anti-vice crusader from New York who was obsessed with combating what he saw as a culture of sexual impurity.

☆ Inside one of the strangest looking NASA test sites where sound goes to die
▼ + stars: | 2023-05-15 | by ( Emily Swaim | ) www.businessinsider.com time to read: +6 min

Nicknamed "The Dome", AAPL provides highly accurate sound level readings for aircraft and rockets. Fiberglass wedges inside AAPL absorb sound to prevent any echoes throughout the room during testing. Glenn Research CenterThe source of AAPL's silence is two-foot-long fiberglass wedges — 17,000 of them. Why fiberglass wedges? Obviously, spiky fiberglass wedges would be hard to walk across for anyone who isn't a gymnast.

☆ Newcastle drop points in top-four race, Southampton down
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +4 min

LEEDS, England, May 13 (Reuters) - Newcastle United suffered more jitters in their quest to finish in the Premier League's top four as they drew 2-2 at relegation-threatened Leeds United but Southampton's agony is over after being relegated on Saturday. Leeds defender Rasmus Kristensen's second-half equaliser denied Newcastle the victory that would have all but assured them a place in next season's Champions League. Southampton have 24 points from 36 games, 19th-placed Leicester City have 30 from 35 with Leeds on 31 points from 36 games and Everton on 32 from 35. Newcastle striker Alexander Isak was then hacked down by Maximillian Wober and Callum Wilson converted from the penalty spot. Newcastle were awarded a second penalty midway through the second half when Firpo handled and Wilson proved deadly once again.

☆ This couple quit city life to take up a dream job as caretakers of a remote Irish island
▼ + stars: | 2023-05-13 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A couple quit their jobs in London to become caretakers of a remote Irish island. Dan Regan and Emily Campbell run a coffee shop and cottages on Great Blasket Island. At the start of April, Emily Campbell and her husband Dan Regan became caretakers of Great Blasket Island, a 1,100-acre island off the West coast of Ireland. With no running water or electricity, and sometimes difficult visitors, they've faced a steep learning curve. They do all these tasks on an island with no hot running water or conventional electricity.

☆ Thanks for the memories (and money) index-rebalance strategies
▼ + stars: | 2023-05-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Index-rebalance strategies, the talk of the town just a few short years ago, are seemingly on their last legs these days. What doomed the index-rebalance strategy is a tale as old as time on Wall Street. Times are tough now, but as Alex notes in his story, not everyone is completely giving up on the strategy. And while we're talking Man Group, here's a rundown on a program meant to help non-tech workers learn data-science skills to help streamline their jobs.

☆ The 10 big cities where young people are getting hired like crazy, and what your new income will buy you
▼ + stars: | 2023-05-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Amid graduation season, Gusto analyzed city data to see where young job seekers can get the biggest value. It ranked adjusted salaries for big cities that had the highest hiring rates for full-time young workers. 1, while New York City ranked No. To do this, Gusto looked at the 50 largest metro areas and what full-time hiring rates look like for young workers, including both college grads and non-grads. The following are large cities with high full-time hiring rates for young workers where the class of 2023 and young job seekers can get the biggest bang for their buck, per Gusto's analysis.

☆ A Navy jet just landed on the aircraft carrier USS Nimitz for the 350,000th time, but the famous flattop's days are numbered
▼ + stars: | 2023-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

A fighter jet landed on the USS Nimitz for the 350,000th time — a historic milestone. The aircraft carrier became the first in active service to hit that mark after 48 years in the Navy. Aircraft carrier USS Dwight D. Eisenhower has recorded 326,600 arrested landings, the next highest total. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr.

☆ Instant View: US April CPI rise gives Fed little room for pivot soon
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +7 min

The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday. In the 12 months through April, the CPI increased 4.9% after advancing 5.0% on a year-on-year basis in March. Ahead of this reading Fed President John Williams warned that they were not done raising rates. I think the Fed will raise rates again in June and then pause. "There will be another CPI report before the Fed meets, and expectations are you will start to see the effect of rents easing."

☆ US April CPI rise gives Fed little room for pivot soon
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +7 min

The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday. In the 12 months through April, the CPI increased 4.9% after advancing 5.0% on a year-on-year basis in March. Ahead of this reading Fed President John Williams warned that they were not done raising rates. "There will be another CPI report before the Fed meets, and expectations are you will start to see the effect of rents easing." The other thing is shelter, a huge component of CPI and it came in a little bit weaker."

☆ 10 million Americans watched the coronation. 80% were over 55
▼ + stars: | 2023-05-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +1 min

IMAGE MUST NOT BE USED AFTER 00:01 TUESDAY MAY 9, 2023 WITHOUT PRIOR APPROVAL FROM BUCKINGHAM PALACE. Any questions relating to the use of the photographs should be first referred to Buckingham Palace before publication. The portrait should be used only in the context of Their Majesties' Coronation. In this handout photo dated March 2023 issued by Buckingham Palace of King Charles III taken by Hugo Burnand in the Blue Drawing Room at Buckingham Palace, London. Behind the King is the State Portrait of King George V, painted by Luke Fildes shortly after his coronation.

☆ House Republican Report Finds No Evidence of Wrongdoing by President Biden
▼ + stars: | 2023-05-10 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

After four months of investigation, House Republicans who promised to use their new majority to unearth evidence of wrongdoing by President Biden acknowledged on Wednesday that they had yet to uncover incriminating material about him, despite their frequent insinuations that he and his family have been involved in criminal conduct and corruption. Republicans described the transactions as proof of “influence peddling” by Mr. Biden’s family, including his son Hunter Biden, and referenced some previously known, if unflattering, details of the younger Mr. Biden’s business dealings. lawmakers also produced material suggesting that President Biden and his allies had at times made misleading statements in their efforts to push back aggressively against accusations of wrongdoing by Hunter Biden. But on Wednesday, the Republicans conceded that they had yet to find evidence of a specific corrupt action Mr. Biden took in office in connection with any of the business deals his son entered into. lawmakers have made in finding clear evidence of questionable transactions they can tie to Mr. Biden, their chief political rival.

☆ Eurovision: The coronation may have passed off peacefully. But song contest could be a bigger headache
▼ + stars: | 2023-05-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

London CNN —Britain’s security services are quietly relieved that the coronation of King Charles III passed without major incident – save for some accusations of heavy-handed policing. On the face of it, the stakes associated with the grand final of the Eurovision Song Contest would not appear to be particularly high. For that reason, British security officials are more exercised than they might otherwise have been about a kitschy musical competition. “On one hand you have thousands of people enjoying the nightlife, which means potential of physical targets and organized crime. This year’s event is, at its heart, a partnership between the UK and Ukraine, two major thorns in the Kremlin’s side.

☆ How Biden's $369 billion sell to the climate tech industry is luring Europe's hottest startups to the US
▼ + stars: | 2023-05-10 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

President Biden's $369 billion climate sell is attracting some of Europe's biggest startups. Battery maker Northvolt and carbon removal firm Climeworks are both lining up US expansions. President Biden's $369 billion play to make the US the new hub for climate-friendly companies caused consternation among international allies. Europe's EV battery darling Northvolt is set to announce its highly anticipated US expansion in the coming weeks while carbon removal company Climeworks has already revealed plans to scale up Stateside. The company is also watching Europe's efforts to create a regulatory framework for the certification of carbon dioxide removal (CDR).

☆ MLB roundup: Yankees blast A's in Aaron Judge's return
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +12 min

Jake Bauers capped the inning by lifting a sacrifice fly, and he later hit a two-run homer in the seventh. Miguel Vargas had a two-run homer and Mookie Betts and Will Smith had solo homers for the Dodgers. Tom Murphy added a two-run homer as Seattle won for the seventh time in its past nine games. Luzardo (3-2) allowed just one run on seven hits and struck out five while walking two. All six Miami runs were credited to Pfaadt (0-1), who came into Tuesday's contest with a 13.50 ERA after allowing seven runs in his only other appearance.

For the past three years, the United States has relied on Title 42, a pandemic restriction that has allowed the swift expulsion of many migrants at the southern border. But by the end of the week, that rule will expire. Miriam Jordan, who covers immigration for The Times, explains what that will mean on both sides of the border.

☆ MLB roundup: Cards' Willson Contreras stars in return to Chicago
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +7 min

[1/5] May 8, 2023; Chicago, Illinois, USA; St. Louis Cardinals catcher Willson Contreras (40) celebrates team's win against the Chicago Cubs at Wrigley Field. Colorado starter Kyle Freeland (3-4) gave up two runs and seven hits in seven innings, with four strikeouts and three walks. Cease went five-plus innings, allowing seven runs on nine hits while walking one and striking out six. Miami's Braxton Garrett (1-2) was charged with four runs and seven hits over 5 1/3 innings. San Francisco starter Anthony DeSclafani (3-2) got through seven innings, allowing five runs on 10 hits.

☆ NHL roundup: Panthers win in OT, move Leafs to brink
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +3 min

The Panthers, who lead the best-of-seven set 3-0, would advance with a home win on Wednesday. Florida also got goals from Anthony Duclair and Carter Verhaeghe, and Aaron Ekblad had two assists. Maple Leafs goalie Ilya Samsonov, who stopped eight shots and allowed no goals, was injured 37 seconds into the second period. Kraken 7, Stars 2Matty Beniers, Alex Wennberg, Eeli Tolvanen and Justin Schultz each had a goal and an assist as Seattle defeated visiting Dallas in Game 3 of their Western Conference semifinal series. Five different players scored second-period goals for the Kraken, who took a 2-1 lead in the best-of-seven series.

☆ Virgin Galactic set for first spaceflight since Richard Branson's trip two years ago
▼ + stars: | 2023-05-08 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

The flight, slated for late May, will carry two pilots and a crew of four Virgin Galactic employees, the company announced Monday. If all goes well, Virgin Galactic expects to begin commercial services out of its spaceport in New Mexico in late June. At the time Virgin Galactic went public in 2019, it had also been touting plans to start commercial service in 2020. They include two pilots — CJ Sturckow and Mike Masucci — as well as four Virgin Galactic employees who will ride in the passenger cabin. Virgin Orbit, a sister company to Virgin Galactic that is focused on launching satellites to space on a small rocket, filed for bankruptcy in April.

☆ Virgin Galactic to start commercial flight in late June, shares rise
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Space-tourism company Virgin Galactic Holdings (SPCE.N) said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares jumped 4% after the company said the May mission would be the final test of the spaceflight system and astronaut experience before it opens up for commercial services. After completing a lengthy upgrade for its centerpiece tourist spacecraft in February, Virgin Galactic re-opened ticket sales for spacecraft flights, setting the price at $450,000 per person with an initial deposit of $150,000. "Returning to space is what we have all worked towards," said Mike Moses, president of spaceline missions and safety. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

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