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☆ China's economy is growing again. So why are investors dumping stocks?
▼ + stars: | 2023-05-19 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Investors trimmed their exposure to China amid economic uncertainty in the country, rising geopolitical tensions and Beijing’s crackdown on international consulting firms. The Nasdaq Golden Dragon China Index has lost more than 5% since April 18. Another concern for global investors is the country’s “fundamental investability,” he said, referring to geopolitical and Chinese policy risks. Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, has closed its Hong Kong-based China equity investment team. “The more cracks appear in Western economies,” the more global investors will need to put money into Chinese assets, he added.

☆ In ‘City on Fire,’ the New York of the Early 2000s Burns Bright
▼ + stars: | 2023-05-04 | by ( Austin Considine | ) www.nytimes.com time to read: +1 min

To the younger actors there to help recreate the night of Aug. 14, 2003, what they “saw” required a leap of imagination. But thanks to postproduction wizardry, viewers of the new series “City on Fire,” debuting May 12 on Apple TV+, will see what for New Yorkers during the regionwide blackout that night was so extraordinary: a night sky dotted with stars. The 2003 blackout had a distinctly communal energy compared with the blackout of 1977, which features prominently in the Garth Risk Hallberg novel “City on Fire,” on which the Apple series is based. As in the late ’70s, New York City’s future then seemed uncertain and its underground rock scene was vital. The Yeah Yeah Yeahs and the beginning of Mayor Bloomberg’s controversial rezoning efforts.

GMB's backing means the offer has been accepted by four unions representing National Health Service (NHS) workers whose members include midwives, physiotherapists and ambulance workers. The NHS Staff Council, which includes representatives from NHS employers and trade unions, is due to meet on May 2 to vote on whether to accept the offer. The GMB's leadership said it would now vote in favour of the pay offer, after 56% of its members who voted in a ballot accepted the deal. "This new pay offer would not have happened without the strike action taken by ambulance and other GMB health workers," said Rachel Harrison, GMB National Secretary. "Our members recognise that progress has been made - from the government originally offering nothing, health workers will be thousands of pounds better off."

☆ UK set to curb nurses' strike after union does not defend legal action
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toby MelvilleLONDON, April 27 (Reuters) - The British government on Thursday looked set to limit the length of an upcoming strike by nurses, after their trade union did not send lawyers to defend legal action it has brought over the dispute. However, Britain's health department says that industrial action on May 2 would be unlawful because a vote to strike is only valid for six months after a ballot of trade union members. Lawyers representing health minister Steve Barclay told London's High Court on Thursday that, as the RCN ballot closed on Nov. 2 last year, a strike on May 2 would be "clearly unlawful action". Lawyer Andrew Burns, representing the government, said the union had performed "a significant U-turn" and was no longer contesting the bid to have the final day of its strike action declared unlawful. "We have ended up in a very regrettable situation where a major – and, one would hope, responsible – trade union has been publicly saying that its members can take lawful strike action on May 2," Burns said.

☆ UK health minister says he will seek court order to block nurses' strike
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - British health minister Steve Barclay said on Friday that he intends to pursue legal action against the Royal College of Nursing's upcoming strike action. "Following a request from NHS Employers I have regretfully provided notice of my intent to pursue legal action to ask the courts to declare the Royal College of Nursing's upcoming strike action planned for 30 April to 2 May to be unlawful," he said. "Bullying nurses and dragging us through the highest courts would not be a good look for government," the Royal College of Nursing (RCN) said in a response to his statement. Last week, nurses in England rejected an offer of a 5% pay rise and set out plans for further strikes. Reporting by Shivani Tanna in BengaluruOur Standards: The Thomson Reuters Trust Principles.

☆ Junior doctor strike: Some of England's trainee doctors are paid less than fast-food workers. They've had enough
▼ + stars: | 2023-04-14 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

“For too long we have been undervalued,” Vivek Trivedi, co-chair of the BMA junior doctors committee, told a crowd of striking doctors Tuesday. It is difficult to compare the salaries of UK junior doctors with those of their international peers, said Lucina Rolewicz, a researcher at Nuffield Trust, a healthcare think-tank. Junior doctors make up nearly 40% of England’s NHS doctors, according to the confederation. But NHS junior doctors have been squeezed for well over a decade, says former radiologist Tania King-Mohammad. “[Junior doctors’] pay is not reflective of their education, dedication and commitment,” King-Mohammad said.

☆ Loan losses for banks will rise, but will be manageable, says Barclay's Jason Goldberg
▼ + stars: | 2023-04-14 | 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 EmailLoan losses for banks will rise, but will be manageable, says Barclay's Jason GoldbergJason Goldberg, Barclay senior equity analyst, joins 'Closing Bell: Overtime' to discuss bank earnings heading into regional banks reporting next week.

☆ Watch CNBC’s full interview with G Squared’s Victoria Greene and Barclay Investment’s Venu Krishna
▼ + stars: | 2023-04-10 | 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 EmailWatch CNBC’s full interview with G Squared’s Victoria Greene and Barclay Investment’s Venu KrishnaG Squared’s Victoria Greene and Barclay Investment’s Venu Krishna, join 'Closing Bell: Overtime' to discuss market expectations and outlook.

☆ Margins will be under pressure as inflation comes down, says Barclay's Venu Krishna
▼ + stars: | 2023-04-10 | 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 EmailMargins will be under pressure as inflation comes down, says Barclay's Venu KrishnaG Squared’s Victoria Greene and Barclay Investment’s Venu Krishna, join 'Closing Bell: Overtime' to discuss market expectations and outlook.

☆ Britain braces for 'unparalleled' disruption from doctors' strike
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

[1/4] Junior doctors hold placards during a strike, amid a dispute with the government over pay, outside St Thomas' Hospital, in London, Britain April 11, 2023. REUTERS/Maja SmiejkowskaLONDON, April 11 (Reuters) - Junior doctors in Britain began a four-day strike on Tuesday over pay that is likely to cause unprecedented disruption to the health service, prompting the government to warn of a risk to patient safety. Tuesday's walkout followed a three-day doctors' strike last month. The BMA has said the strikes by junior doctors, some of whom are very experienced, could be stopped if health minister Steve Barclay put a credible pay offer forward. He says the BMA's demands are unreasonable and would mean an increase of more then 20,000 pounds ($24,840) for some doctors.

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

☆ Tesla falls 7% as first quarter deliveries show growing inventory buildup and analysts say that more price cuts may be needed
▼ + stars: | 2023-04-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Tesla stock fell 7% on Monday after the company announced its first quarter vehicle deliveries. Tesla delivered 422,900 vehicles last quarter, which was ahead of Wall Street's 421,500 estimate. The stock fell as Tesla vehicle inventory surged, suggesting to some analysts that they need to enact more price cuts to spark demand. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Levy said. Analysts at Bernstein also suggested that more price cuts could be needed if Tesla wants to achieve its volume targets.

☆ CNBC Daily Open: Banks got hammered by SVB's collapse. But the Fed might still raise rates
▼ + stars: | 2023-03-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

The exterior of a First Republic Bank branch is seen on Barclay Street on March 13, 2023 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The biggest losers: First Republic Bank plunged 61.83%, Western Alliance Bancorp plummeted 57.06% and KeyCorp sank 27.33%. Despite the turmoil in the banks, markets and analysts expect the Fed to go through with rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ UK doctors begin three-day strike in pay dispute
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

LONDON, March 13 (Reuters) - Thousands of junior doctors in England walked out on Monday in three-day strike that will disrupt patient care, as they protest over pay they say can work out at less per hour than a barista. Junior doctors in Britain are qualified physicians, often with several years of experience. [1/3] People attend a protest by junior doctors, amid a dispute with the government over pay, outside St Thomas' Hospital in London, Britain, March 13, 2023. Last month, 98% of the nearly 37,000 who took part in the BMA's strike ballot voted in favour. Robert Laurenson, co-chair of the BMA's Junior Doctors Committee, said they had seen a real terms pay cut over the last 15 years due to public sector wage freezes.

☆ UK doctors begin strike likely to be 'most disruptive' for health service
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

[1/3] People attend a protest by junior doctors, amid a dispute with the government over pay, outside St Thomas' Hospital in London, Britain, March 13, 2023. The strike is the latest involving staff at Britain's state-funded National Health Service (NHS), following walkouts by nurses, paramedics and other workers demanding a pay rise that better reflects double-digit levels of inflation. "This is likely to be the most disruptive set of industrial action days that we've seen all winter," Powis told Times Radio. "We are working closely across the NHS to make sure that services are not affected in those emergency pathways," he said. Junior doctors in Britain are qualified physicians, often with several years of experience, who work under the guidance of senior doctors and represent almost half of the country's medical workforce.

☆ Why the implosion of Silicon Valley Bank is actually a good thing for stocks
▼ + stars: | 2023-03-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The implosion of SVB makes for scary headlines, but it could actually be great for the stock market. That's because the Federal Reserve may be forced to slow the pace of rate hikes it's been enacting since March 2022. A number of Wall Street firms have already forecasted a pause in rate hikes, Goldman Sachs chief among them. A reversal in a key market dynamicFast-rising interest rates throughout 2022 dinged company valuations and sent the broader stock market into a bear market. Some have pointed to the 1994 bankruptcy of Orange County as an event with parallels to today's interest rate environment.

☆ Investors step into U.S. bank stocks, but with some caution
▼ + stars: | 2023-03-02 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

The S&P 500 bank subsector (.SPXBK) is up 4.9% so far in 2023 slightly ahead of the benchmark S&P 500's (.SPX) 3.3% gain. But some investors are circumspect as banks themselves warned during earnings season in January that they expect higher loan losses and weaker demand for borrowing. The rate increases have boosted banks' income, giving them the go-ahead to charge higher interest rates for loans. But now, bank customers with savings accounts are seeking out higher interest rates on deposits, offsetting some lending gains. Barclay's analyst Jason Goldberg sees economic strength as a bigger factor for bank stocks this year than the Fed hikes path.

☆ NHL roundup: Roope Hintz's SO goal lifts Stars past Knights
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +8 min

Rookie Wyatt Johnston also scored a goal and Jamie Benn added two assists for the Stars. Eichel and Michael Amadio both scored goals for Vegas, which saw its five-game home winning streak snapped. Patrik Laine had a goal with two assists and Kirill Marchenko scored twice for the Blue Jackets, who swept the two-game season series from Edmonton. It was Oshie's first career game with a goal, assist and a fight, known as a Gordie Howe hat trick. Tyler Toffoli scored, Jacob Markstrom turned away 18 shots and Nazem Kadri had an assist in his return to Colorado.

☆ UK healthcare strikes to intensify as junior doctors vote to walk out
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

Junior doctors agreed in 2019 to an annual 2% pay rise as part of a four-year deal but say that is now inadequate in light of much higher inflation. "This vote shows, without a shadow of a doubt, the strength of feeling among most of England’s junior doctors," the BMA said. The BMA describes junior doctors as those who are qualified in clinical training and have up to eight years' experience working as a hospital doctor or up to three years in general practice. Another trade union for doctors, the Hospital Consultants and Specialists Association, said its junior doctor members had also voted to carry out strike action in a separate ballot. More than 10,000 ambulance workers were on strike on Monday, while the nursing trade union last week announced a fresh 48-hour strike from March 1.

☆ Barclays nabs a former Goldman Sachs Marcus exec to lead its US cards and partnerships business
▼ + stars: | 2023-02-01 | by ( Dakin Campbell | Carter Johnson | ) www.businessinsider.com time to read: +4 min

Goldman Sachs' consumer business is under pressure as CEO Solomon pivots. Villone will join Barclays this April from Goldman Sachs Marcus, where he was a managing director and led global operations and consumer delivery for the Wall Street firm's consumer business. A pivot for Goldman Sachs and MarcusVillone's departure for Barclays also comes as top Goldman Sachs leadership telegraph a retreat from core parts of its consumer business. Goldman Sachs' consumer business was particularly impacted when the firm laid off roughly 3,000 employees last month, or roughly 6% of its workforce. Do you work on Wall Street or at Goldman Sachs or Barclays?

☆ Wall Street extends rally, powered by tech bounce
▼ + stars: | 2023-01-23 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

All three major stock indexes extended Friday's gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares (.SOX). Of the 11 major S&P 500 sectors, all but energy (.SPNY) ended green, with tech shares (.SPLRCT) enjoying the largest percentage gain, up 2.3% on the session. The fourth-quarter reporting season has shifted into overdrive, with 57 of the companies in the S&P 500 having posted results. Analysts now see S&P 500 fourth-quarter earnings, on aggregate, dropping 3% year-on-year, nearly twice as steep as the 1.6% annual drop seen at the beginning of the year, per Refinitiv. The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 82 new highs and 19 new lows.

☆ Compelling reasons to own stocks lift market — listen to 'The Homestretch'
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: +11 min

WHAT PEOPLE ARE EXCITED ABOUT ITHINK IS THAT THERE ARE STOCKSTHAT HAVE A LOT OF REASONS TOOWN. SO, YOU KNOW, GOOD THINGSHAPPENING THERE. WE CAN'T SEEM TO GET OUR ARMSAROUND WHAT APPLE IS GOING TODO, AND IT IS STILL VERYIMPORTANT IN THE MARKET. >> YEAH, LOOK, I THINK THATAPPLE IN THE END OF -- THERE'SMIXED EMOTIONS BECAUSE CHINA FORTHE MOST PART BECAUSE OF COVID. J&J, LOOK, I KNOW A LOT OFPEOPLE ARE CAUTIOUS ABOUT THECOMMENTS THE CEO MADE AT THEJPMORGAN CONFERENCE JUST THEOTHER WEEK, AND, OF COURSE,DEFENSIVE STOCKS ARE OUT OFFAVOR.

Less than three years later on Wednesday, tens of thousands of nurses in England are estimated to have walked off work as part of an unprecedented strike shaking the country’s much-loved but troubled National Health Service. They are also striking to highlight the long-term deterioration of the service amid a chronic shortage of health care staff and ballooning living costs. Meanwhile, the health service, normally a huge source of pride for Britons, has spiraled into crisis due to long- and short-term factors including the fallout of the pandemic. As of September, there were a record 132,000 unfilled health service jobs — almost 10% of the total workforce of more than 1.3 million — according to figures released by NHS England. She described one shift in which three nurses and two student nurses looked after 15 patients.

[1/5] NHS nurses hold banners during a strike, amid a dispute with the government over pay, in London, Britain January 18, 2023. "This job is slowly killing nurses," said David Hendy, a 34-year old nurse joining around 100 others on the picket line outside University College London Hospital. The government has so far resisted pressure to meet nurses' demands for a discussion about pay, insisting it will not revisit the 4%-5% it awarded in 2022/23 on the recommendation of a pay review body, and will only discuss the pay review process for 2023/24. Health minister Steve Barclay told reporters during a visit to a hospital on Wednesday he was disappointed by the strikes and that meeting nurses' pay demands would be unaffordable. Definitely bills are going up and our pay is not reflecting that," said Jenny Gyertson, 42, who has worked as a nurse for two decades.

☆ NHL roundup: Caps rally for OT win over Islanders
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +8 min

Lightning 4, Kraken 1Andrei Vasilevskiy made 22 saves as Tampa Bay put an end to visiting Seattle's franchise-record, eight-game winning streak. Penguins 4, Ducks 3 (OT)Jake Guentzel scored off a two-on-one with Sidney Crosby 33 seconds into overtime to give Pittsburgh a win over visiting Anaheim. Jamie Benn, Joel Kiviranta, Ryan Suter and Tyler Seguin scored goals for Dallas, which snapped a two-game losing streak. Flyers goalie Carter Hart was pulled in the second period as Philadelphia had a three-game win streak snapped. Ottawa is mired in a 1-4-0 rut and has scored six goals in its past four games.

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