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☆ Apple's new AI-narrated audiobooks are supposed to be 'natural sounding' but critics say they're 'not what customers want to listen to'
▼ + stars: | 2023-01-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Apple quietly launched dozens of audiobooks narrated by AI-generated digital voices. The voices, "Jackson" and "Madison" narrate dozens of audiobook titles on the Books app. Critics say the voices lack nuances that humans have and aren't "what customers want to listen to." According to a statement released by Apple, the digital voices are "natural sounding" and "based on a human narrator." "The narrator brings a whole new range of art in creating audiobook, and we believe that's a powerful thing.

☆ The bond market turned in its worst performance ever this year
▼ + stars: | 2022-12-26 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

The bond market turned in its worst performance ever this year, a unique time when it provided little shelter from the storm in financial markets. Bonds have provided solace in the past, acting as ballast, cushioning portfolios from the worst stock market losses. With global central banks all on the same trajectory, the bond market was under extreme pressure. Rick Rieder, BlackRock's chief investment officer of global fixed income, said yields could still go higher but the bond market has gotten to a place where investors can find a good return . "I could buy general quality fixed income at 5.5% to 6% and sit in it," Rieder said.

☆ There's at least one big name investor who won't be fighting the Fed next year.
▼ + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.

The Dow fell as much as 404 points. The Fed delivered a widely-anticipated 50 basis point rate hike at the conclusion of its December policy meeting. It's a smaller bump from the prior four consecutive rate hikes of 75 basis points. Fed officials also forecast raising rates through next year, not lowering rates until 2024. Treasury yields initially popped after the Fed rate hike, with the 2-year Treasury yield rising about 2 basis points to 4.253% as the central bank indicated further increases ahead.

☆ Bond investors expect smaller Fed rate hike but brace for inflation shocks
▼ + stars: | 2022-12-12 | by ( Davide Barbuscia | ) www.reuters.com time to read: +4 min

The less aggressive stance - which followed better-than-expected consumer price data in October - fueled a bond rally over the past month. Fresh data on inflation will come with the release of the November Consumer Price Index on Tuesday, one day before the Fed's policy decision will be announced. Fed funds futures traders on Friday were pricing in a 93% probability of a 50 basis points rate hike this month, which would bring the Fed's policy rate to a 4.25%-4.5% range. As of September, Fed's policymakers saw the fed funds rate ending 2023 at 4.6%. Therefore, I have to believe that 10-year Treasury yields are probably too low," he said.

[1/5] A French toreador apprentice of the Arles bullfighting school practices before a bullfight show at the Monumental de Gimeaux arena in Arles, France, November 20, 2022. "Corrida is a tradition, an art, a dance with the bull," said Baptiste, one of about a dozen students who learn to wave the traditional red muleta cloth in front of bulls in the Arles bullfighting school. At the weekend, pro and anti ban protesters marched in several southern France cities where corrida is still allowed. For Caron, exceptions that allow bullfighting in some parts of France and have under a thousand bulls killed per year, should be scrapped. "Since (bullfighting) exists, there are people who have tried to ban it, " said Yves Lebas, president of the Arles bullfighting school.

☆ Watch CNBC’s full interview with Morgan Stanley's Jim Caron
▼ + stars: | 2022-11-10 | 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 Morgan Stanley's Jim CaronJim Caron, Morgan Stanley Investment Management, joins 'Closing Bell' to discuss fixed income and the weaker than expected inflation read.

☆ 'Sweet spot' is 3-year bonds, says Morgan Stanley's Jim Caron
▼ + stars: | 2022-11-10 | 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 Email'Sweet spot' is 3-year bonds, says Morgan Stanley's Jim CaronJim Caron, Morgan Stanley Investment Management, joins 'Closing Bell' to discuss fixed income and the weaker than expected inflation read.

Rep. Mike Levin is running against Republican Brian Maryott in California's 49th Congressional District. 2022 General EmbedsCalifornia's 49th Congressional District candidatesLevin is serving his second term in the House and sits on the Committee of Veterans Affairs, where he is vice chairman. This is his third time running for the 49th Congressional District seat. Voting history for California's 49th Congressional DistrictCalifornia's 49th Congressional District is located in northern San Diego County and includes the cities of Oceanside and Encinitas. Republican hybrid PAC Congressional Leadership Fund leads all spenders, with Democratic hybrid PAC House Majority PAC and the Democratic Congressional Campaign Committee so far placing second and third.

☆ Live updates: Follow along as the Federal Reserve announces its market-moving rate decision
▼ + stars: | 2022-11-02 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The Federal Reserve is expected to announce that it is raising its fed funds target rate range by three-quarters of a point. A basis point equals 0.01 of a percentage point. If the Fed decides to signal smaller hikes are coming, Fed Chairman Jerome Powell could be the messenger when he briefs the media at 2:30 p.m. The hike would be the fourth 75 basis point hike in a row. A basis point equals 0.01 of a percentage point.

☆ Fed rate hikes could go even further than expected as Powell commits to stomp out inflation
▼ + stars: | 2022-11-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

The Fed raised its target fed funds rate Wednesday by 75 basis points, or three-quarters of a point, and said it would take into account the lagging impact of higher rates on the economy. In the futures market, traders bet the terminal rate for fed funds would reach 5.09% by May from just over 5% before the meeting. The terminal rate is the level at which the Fed is expected to stop raising interest rates. With Wednesday's hike, the fed funds target rate range is now 3.75% to 4%. Caron said the market is now projecting a rate above the Fed's median target for the terminal rate.

☆ Democratic Rep. Mike Levin faces off against Republican Brian Maryott in California's 49th Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Mike Levin is running against Republican Brian Maryott in California's 49th Congressional District. California's 49th Congressional District candidatesLevin is serving his second term in the House and sits on the Committee of Veterans Affairs, where he is vice chairman. This is his third time running for the 49th Congressional District seat. Voting history for California's 49th Congressional DistrictCalifornia's 49th Congressional District is located in northern San Diego County and includes the cities of Oceanside and Encinitas. Republican hybrid PAC Congressional Leadership Fund leads all spenders, with Democratic hybrid PAC House Majority PAC and the Democratic Congressional Campaign Committee so far placing second and third.

☆ Caron: The market appears to believe the Fed is serious and will deliver the promised fix for inflation
▼ + stars: | 2022-10-17 | 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 EmailCaron: The market appears to believe the Fed is serious and will deliver the promised fix for inflationKevin Caron of Washington Crossing Advisors discusses why his firm is underweight risk assets such as stocks.

☆ Alzheimer's disease, retirement 'pacts,' and serving until you're 104 years old: Inside the federal judiciary's reckoning with age
▼ + stars: | 2022-09-27 | by ( C. Ryan Barber | Camila Dechalus | ) www.businessinsider.com time to read: +23 min

She was nearly two decades older than the median age — 68 — for all federal judges, according to an Insider analysis. More than a century later, in the 1920s, future Chief Justice Charles Evans Hughes argued for a mandatory retirement age. In 1954, the Senate passed a resolution proposing a constitutional amendment that'd require retirement at age 75 for federal judges. A recent poll by Insider and Morning Consult found that 71% of 2,210 respondents said the federal judiciary should have a mandatory retirement age. For Scheindlin, the former federal judge in Manhattan, Weinstein was an example of an older judge who was "terrific to his last day."

☆ Is it time to buy Treasurys? Here's how to allocate your portfolio, according to the pros
▼ + stars: | 2022-09-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

The latest threat to stocks now isn't any macro risk — it's rising 2-year Treasury yields, according to some fund managers and strategists. Short-term, relatively risk-free Treasury bonds and funds are back in the spotlight as the yield on the 2-year Treasury continues to surge. Meanwhile, U.S.-listed short-term Treasury ETFs have attracted $7 billion of inflows so far in September — six times the volume of inflows last month, BlackRock said. Here's what analysts say about how to allocate your portfolio right now. This sees investors put 60% of their portfolio in stocks, and 40% bonds.

☆ The Fed is in grave danger of being too hawkish, says JPMorgan's David Kelly
▼ + stars: | 2022-09-21 | 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 EmailThe Fed is in grave danger of being too hawkish, says JPMorgan's David KellyJim Caron, global fixed-income portfolio manager at Morgan Stanley Investment Management; David Kelly, chief global strategist at JPMorgan Asset Management; and Katie Nixon, chief investment officer at Northern Trust Wealth Management, join 'Power Lunch' to discuss Fed policy hikes, the rapid rise in the 2-year note, and the looming economic slowdown.

☆ I just don't think the economy can take a 4.25 to 4.5% rate, says JPM's David Kelly
▼ + stars: | 2022-09-21 | 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 EmailI just don't think the economy can take a 4.25 to 4.5% rate, says JPM's David KellyJim Caron, global fixed-income portfolio manager at Morgan Stanley investment management, David Kelly, chief global strategist at JP Morgan asset management and Katie Nixon, chief investment officer at Northern Trust Wealth Management, join 'Power Lunch' to discuss the Fed announcement of a 75 basis point hike.

☆ Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most
▼ + stars: | 2022-09-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The Fed is expected to fire off another three-quarter point rate hike — its third in a row. We had theoretical road maps up until now, but from the Fed's point of view they're crossing into a world of tightening. Neutral is considered to be the interest rate level where Fed policy is no longer easy, but not yet restrictive. The Fed has considered 2.5% to be neutral, and if it raises by three-quarters of a point, fed funds will be in a range of 3% to 3.25%. In June, the Fed forecast the unemployment rate would be 3.7% this year, the same level it was at in August.

"Andor," the latest series in the "Star Wars" franchise, hits Disney Plus on September 21. The sci-fi adventure is a prequel to "Rogue One: A Star Wars Story." How to watch 'Andor'You can watch "Andor" exclusively on Disney Plus. Based on the runtimes of similar "Star Wars" series on Disney Plus, each episode will likely be about 35-45 minutes long. Season one of "Star Wars Rebels" is set within the same year as "Andor," so the two shows have parallel timelines.

☆ Militar de culoare, scos din maşină sub ameninţarea armelor şi stropit cu spray paralizant de poliţişti (VIDEO)
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Guvernatorul statului american Virginia, Ralph Northam, a ordonat duminică declanşarea unei anchete după difuzarea de imagini în care se putea vedea cum doi poliţişti îşi îndreaptă armele asupra unui militar de culoare şi îl stropesc pe faţă cu spray paralizant, scrie Agerpres. Imaginile îl arată pe locotenentul Caron Nazario, afro şi latino-american, întrebând de mai multe ori cu ce a greşit şi declarând „asta-i o porcărie totală”, în timp ce poliţiştii îi ordonă să iasă din maşină. Nazario, care purta uniformă militară, se afla la volanul unei maşini noi ce nu avea încă plăcuţe de înmatriculare permanente atunci când poliţiştii i-au cerut să oprească. Guvernatorul statului Virginia a informat într-un comunicat că îi va cere poliţiei să declanşeze „o anchetă independentă”, subliniind că înregistrarea video este „degradantă şi i-a stârnit furia”. Poliţia americană este acuzată frecvent de rasism şi de violenţe.

Persons: Ralph Northam, poliţişti, Caron Nazario, Derek Chauvin, George Floyd Organizations: Agerpres Locations: american Virginia, american, Virginia, Minneapolis, menţinându, SUA

☆ Ucraineanul Oleksii Novikov a cucerit titlul de cel mai puternic om din lume
▼ + stars: | 2020-12-23 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Ucraineanul Oleksii Novikov a cucerit titlul de "cel mai puternic om din lume" în 2020. Sportivul a reușit să ridice 537,5 kilograme și câștigat concursul "World's Strongest Man", desfășurat în Statele Unite ale Americii. Tot la aceeași competiție, Novikov a ținut în fiecare mână o greutate de 160 de kilograme, timp de 41 de secunde. Islandezul a declarat că nu va mai participa la competiții pentru că "este deja cel mai puternic om din lume". În luna mai acesta a și demonstrat că este în continuare în formă, reușind să ridice 501 kilograme.

Persons: Ucraineanul Oleksii Novikov, Novikov, Tom Stoltman, Jean, Francois Caron, Julius Bjornsson, Islandezul Locations: Statele Unite ale Americii

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