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Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports. Video Ad Feedback Why it matters who owns the seas (April 2021) 03:48 - Source: CNNWhy does the South China Sea matter? The South China Sea is home to hundreds of largely uninhabited islands and coral atolls and diverse wildlife at risk from climate change and marine pollution. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing freedom of the seas worldwide. Marcos has strengthened US relations that had frayed under his predecessor, with the two allies touting potential future joint patrols in the South China Sea.
Persons: It’s, China’s, Defense Lindsey Ford, , Stringer, Ferdinand “ Bongbong ” Marcos Jr, Jay Batongbacal, , Marcos Jr, Rodrigo Duterte, Marcos, Gregory Poling Organizations: Hong Kong CNN —, Navy, CNN, US Energy Information Agency, Communist Party, United, US Navy, Defense, Asia, Washington -, Strategic, International Studies, Ford, Spratly Islands, University of the, Philippine Coast Guard, China’s Ministry of Foreign Affairs, Transparency, Philippines Mutual Defense Locations: Hong Kong, South China, China, Beijing, Philippines, United States, South, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Manila, Scarborough, Spratly, People’s Republic of China, Washington, Philippine, University of the Philippines, Asia
China claims “indisputable sovereignty” over almost all 1.3 million square miles of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. If they (China) close off the South China Sea, perhaps the next target may be the Straits of Malacca and then the Indian Ocean,” Teodoro said. But since taking office last year, Philippine President Ferdinand “Bongbong” Marcos Jr has taken a stronger stance over the South China Sea than his predecessor Rodrigo Duterte. Marcos has also strengthened US relations that had frayed under Duterte, with the two allies touting increased cooperation and joint patrols in the South China Sea in the future. As part of the Marcos administration’s commitment to boost the Philippines defense and monitoring capabilities in the South China Sea, Teodoro said further “air and naval assets” have been ordered.
Persons: , of National Defense Gilberto Teodoro Jr, “ It’s, it’s, Teodoro, , ” Teodoro, It’s, Ferdinand “ Bongbong ” Marcos Jr, Rodrigo Duterte, Marcos, Defense Lindsey Ford, ” Ford, Aaron Favila, China “, Xi Jinping Organizations: Philippines CNN, CNN, of National Defense, Department of National Defense, Defense, AP Locations: Manila, Philippines, China, Philippine, South China, South, United States, Republic of, Beijing, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Ukraine, Russia, Malacca, China . Washington, Second, The Philippines
Insider Today: Finance's next generation
  + stars: | 2023-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +8 min
This post originally appeared in the Insider Today newsletter. Tech: An Amazon exec told employees the tech giant's RTO plans could take up to three years. An Amazon exec told employees the tech giant's RTO plans could take up to three years. Insider is again highlighting some of the brightest young minds in finance with our annual list of Wall Street's rising stars. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: , Harrison, Alyssa Powell, Michelle Abrego, Luna McKeon, Michael Dunn Goekjian, Anne, Victoire Auriault, Goldman Sachs, Jack Dillon didn't, Thom Browne, Dillon, Patrick McGoldrick, Pat, Liu Jie, That'll, Jeffrey Epstein, Jes Staley, Epstein, Bill Tompkins, Donald Trump, it's, Austin Harris, Chris Pizzello, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Mark Zuckerberg, Lil Wayne, Avril Lavigne, Jenna Ortega, Gwyneth Paltrow, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Amazon, Jack Dillon didn't nab, Vista Equity Partners, New England Patriots, Morgan Asset Management, Getty, Verizon, JPMorgan, US Virgin Islands, SVP, Microsoft, FTC, Federal Trade Commission, AP, Fox Business, Florida Gov, Meta, Publishing Locations: Xinhua, Delta, Northern California, San Francisco, Florida, New York City, San Diego, London, New York
CNN —A floating barrier installed by China to prevent Filipino boats from fishing in a disputed area of the South China Sea has been removed, Philippine authorities said Monday, in the latest flashpoint between Manila and Beijing over their competing maritime claims. The video is a vivid illustration of a fraught power struggle that has been playing out for years in the South China Sea as Manila tries to push back against increasingly assertive claims to the disputed strategic waterway by Beijing. “The barrier posed a hazard to navigation, a clear violation of international law,” the Philippine Coast Guard said in a statement Monday, adding that it also infringed on Philippine sovereignty. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million square miles of the South China Sea, as well as most of the islands and sandbars within it, including many features that are hundreds of miles away from China’s mainland. In 2016, an international tribunal in The Hague ruled in favor of the Philippines in a landmark maritime dispute, which concluded that China has no legal basis to claim historic rights to the bulk of the South China Sea.
Persons: Wang Wenbin, Organizations: CNN, South China, Philippine Coast Guard, Coast Guard Locations: China, South, Manila, Beijing, Bajo de Masinloc, Scarborough, Philippine, Luzon, South China, Huangyan, Philippines, China’s, The Hague, United States, Palawan
But the challenge facing Fulton County Judge Scott McAfee in Georgia is unlike any of the others. For one, he is the only judge so far to allow television cameras in the courtroom to broadcast hearings and any trials. And the trials will play out in a battleground state that Trump narrowly lost in 2020. But the experience of some judges who have been thrust into the public eye point to potential pitfalls and dangers ahead for the 34-year-old Georgia native. “Hopefully, you have a life outside the law,” Cahill said during his talk in Reno about handling high-profile cases.
Persons: Peter Cahill, Derek Chauvin, George Floyd, you’re, , Donald Trump, Scott McAfee, Rudy Giuliani, Mark Meadows, McAfee, Aileen Cannon, Reggie Walton, Lewis ” Scooter, Libby, Dick Cheney, Roger Clemens, , Lance Ito, Simpson, Critics, Jay Leno ”, Elizabeth Scherer, Nikolas Cruz, Cruz, Scherer, Eric Davis, Tanya Chutkan, Ito, Judy, he's, Han Chung, Chung, Trump's, E, Susan Garsh, Aaron Hernandez, ” Garsh, Fani Willis, Trump, Willis, — Chutkan, Barack Obama, Juan Manuel Merchan, Merchan, Chutkan, Brian Kemp, Kemp, ” Cahill Organizations: ATLANTA, Minnesota, National Judicial College, New York, Trump White House, Trump, Georgia, Senior, Associated Press, Los Angeles Superior, Delaware, Systems, Fox News, American Bar Association, U.S, New Yorker, McAfee, Massachusetts, New England Patriots, AP, Patriots, University of Georgia, Republican, Federalist Society, Emory University, Georgia Aquarium Locations: Minneapolis, Reno , Nevada, Fulton, Georgia, U.S, Florida, Los, Parkland, Washington, Fulton County, Gwinnett County, Reno
Faced with China’s determination to exert control over a vast area of the South China Sea far from its mainland, the Philippine Coast Guard said Monday that it had taken matters into its own hands, taking down a Chinese barrier that had kept Filipino fishing boats at bay. The Coast Guard released video of a diver cutting through the ropes that kept the barriers in place at the Scarborough Shoal, which is claimed by both the Philippines and China. “The barrier posed a hazard to navigation, a clear violation of international law,” the Philippines said in a statement. “It also hinders the conduct of fishing and livelihood activities of Filipino fisherfolk.”With tensions already rising in the South China Sea, it was unclear how Beijing might respond. But China has made clear its intent to militarize the waters through which one-third of global ocean trade passes.
Organizations: Philippine Coast Guard, Coast Guard, Scarborough Locations: South China, Philippines, China, Beijing
Archaeologists uncovered a treasure trove of ancient Egyptian and Greek artifacts. They were found on the site of the sunken city of Thonis-Heracleion, which was lost until 2000. Christoph Gerigk ©Franck Goddio/Hilti FoundationA temple to the king of ancient Egyptian godsThe latest excavation located a precious site: the sunken temple of Amun. Ancient Egyptian artifacts were uncovered in the remains of the Amun temple. Christoph Gerigk ©Franck Goddio/Hilti FoundationThe excavation also uncovered another sacred site, but this time, it was devoted to ancient Greek rituals.
Persons: Franck Goddio, Christoph Gerigk, Heracleion, Goddio, Amun, Silver, Aphrodite Organizations: Service, European Institute for Underwater, Ministry of Tourism and Antiquities of, Hilti Locations: Thonis, Wall, Silicon, Egypt, Ministry of Tourism and Antiquities of Egypt, Alexandria, Greece
London, UK CNN —It was billed as Britain’s answer to the Met Gala, and last night’s inaugural “Vogue World” at the Theatre Royal on London’s Drury Lane didn’t disappoint. Vianney Le Caer/Invision/APActress and singer Dove Cameron went back to the future in a shiny silver suit and matching bikini top. Vianney Le Caer/Invision/Vianney Le Caer/Invision/APThe late Queen Elizabeth II's granddaughter, Princess Eugenie, looked elegant in an emerald silk dress by Fendi. Vianney Le Caer/Invision/APKate Winslet went for casual chic in a loose-fit two-piece white suit with a beige bustier underneath. Vianney Le Caer/Invision/APRita Ora arrived in a black Alaïa mermaid gown sourced from eBay.
Persons: Lane didn’t, Anna Wintour, Edward Enninful —, Sienna Miller, Miller, Beatrice, Eugenie, Richard Quinn, Fendi, Yui Mok, Sadiq Khan, Baz Luhrmann, Kate Winslet, Jared Leto, Jodie Turner Smith, Maisie Williams, Stella McCartney, Christopher Kane, Victoria Beckham, Olivier, Stephen Daldry, John Galliano, Kate Moss, Hongni Wu, Rambert, Stormzy, Sophie Okonedo, Damien Lewis, Cush Jumbo, James Corden, Damian Lewis, James McAvoy, , Annie Lennox, Naomi Campbell, Cindy Crawford, Linda Evangelista, Christy Turlington, Mike Marsland, AJ Odudu, Robert Wun, Vianney Le Caer, Dove Cameron, Queen Elizabeth II's, Princess Eugenie, Fendi . Vianney Le Caer, Princess Beatrice, David M, Alison Mosshart, Alexa Chung, Nicklas Skovgaard, Anna Shaffer, David Fisher, Carrie Mulligan, Henry Nicholls, Jenna Coleman, Peter Pan, May Jagger, Jerry Hall, Mick Jagger, Vivienne Westwood, Tom Daley, Gemma Chan, Louis Vuitton, Rita Ora, Hollie Adams Organizations: UK CNN, Theatre Royal, US, British Vogue, London, London’s, BAFTA, National Theatre, Royal Opera House, Royal Ballet, Southbank Sinfonia, Rambert, Getty, Rodarte’s, MTV, Model, eBay, Reuters Locations: London, UK, British, Invision, AFP
Rolex’s Perpetual Planet initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. The marine biologist and amateur photographer captured the photo on a blackwater dive – a night dive in the open ocean, which uses floodlights to attract the ocean nightlife. Thousands of entrants submitted underwater and coastal images, as well as pictures captured by drone, to the competition, organizers said. From world-class drone images of megafauna to breath-taking underwater images of deep-dwelling ocean wildlife, the full spectrum of ocean life is brought to life like never before. A selection of the winning and highly commended images can be seen in the gallery above.
Persons: Jialing Cai, Will Harrison, Blancpain Organizations: CNN, Oceanographic Magazine, Tourism Western, Australian National Maritime Museum Locations: Philippines, Arksen, Tourism Western Australia, Sydney
A riddle haunts the Titan disaster. It’s the presence on the doomed craft of Paul-Henri Nargeolet, 77. The Frenchman was one of the world’s great submariners. So why was he, of all people, diving repeatedly to the Titanic on a submersible that many experts saw as a catastrophe waiting to happen? “It’s a source of great puzzlement,” said Victor L. Vescovo, a sea explorer who hired Mr. Nargeolet to oversee a series of unusually deep dives.
Persons: Paul, Henri Nargeolet, Frenchman, , Victor L, Nargeolet, Alfred S, McLaren, ” Dr, Navy submariner, Organizations: Explorers Club, Harvard Club of New, Mr Locations: Harvard Club of New York City, Navy
Vanna Curtis worked at Casa Bonita, a restaurant made famous by South Park, in 2016. This as-told-to essay is based on a conversation with Vanna Curtis, a former cliff diver and entertainer for Casa Bonita. AdvertisementAdvertisementAt the time, the food was bad and almost inedible, but that's not what Casa Bonita is known for. Getting my job with Casa Bonita was pretty easyThe outside of Casa Bonita, located in Denver, Colorado. AdvertisementAdvertisementSo I began working at Casa Bonita as a cliff diver and an entertainerThe inside of Casa Bonita.
Persons: Vanna Curtis, Casa, Hyoung Chang, I'd, Ashley W, Black Bertha, Black Bart, Trey Parker, Matt Stone, Araya Doheny, haven't, Alyshia Organizations: Service, Casa Bonita, Casa, Alyshia Hull Locations: Casa Bonita, South, Wall, Silicon, Denver, Mexican, Denver , Colorado, ahull@insider.com
They now make up to $3,000 per month from dumpster diving, and post their dives on TikTok. AdvertisementAdvertisementWe make between $2,000 and $3,000 a month selling our dumpster dive trash treasures. But it's still rare that we see somebody else dumpster diving at the spots we go to in Buffalo. When some people hear the term "dumpster diving," they sometimes picture a rat-infested dumpster covered in food, or that we're digging through household trash. We view our dumpster diving efforts, particularly selling scrap metal to scrap yards, as "carbon credits" that offset the carbon emissions from our next plane flights.
Persons: David, Erin Sheffield, David Sheffield, we're, It's, We've, Joe's, Erin, we've, Organizations: Service, University at Buffalo, Walmart, Foods, Aldi, Body Works, Dick's Sporting Goods, Erin Sheffield Garage, eBay, Facebook, Body Locations: Wall, Silicon, Buffalo , New York, France, dumpsters, Norway, Mexico, TikTok, Buffalo
A TikTok user said cutting up and throwing out new Vans sneakers was "disgusting." Sophia Schiaroli posted a video showing dozens of Vans shoes thrown out with trash. Sophia Schiaroli posted a TikTok video this week calling out the shoe retailer that's been viewed more than 2.7 million times. The video included still images of the sneakers with holes cut in them that were apparently put next to bags of trash on the street. A YouTube video posted in 2015, showed two trash cans filled with new shoes that were cut up and left outside a Philadelphia store.
Persons: Sophia Schiaroli, TikToker, Schiaroli, TikTok, they'd, Anna Sacks Organizations: Service, Vans, New York Times Locations: Wall, Silicon, Philadelphia, Walnut
In preparation for her head-turning appearance at the 2019 Met Gala, Kim Kardashian met with the fashion designer Thierry Mugler to conceptualize her look. “Who are you, actually?” the designer asked her, according to Mr. Mugler’s manager at the time. “How would you define yourself?”When she responded, “I’m just a California girl,” Mr. Mugler decided he was going to make her just that, the manager, Jean-Baptiste Rougeot, recalled. “He said: ‘Yes, this is it! She is going to be directly out of the ocean, out of Malibu, directly onto the red carpet in New York,’” Mr. Rougeot said.
Persons: Kim Kardashian, Thierry Mugler, “ I’m, ” Mr, Mugler, Jean, Baptiste Rougeot, , , Rougeot, Sophia Loren’s, , Kardashian’s Locations: California, Malibu, New York
Brian Kemp, a Republican, called him a “strong addition to my administration.”“His experience as a tough prosecutor equips him to search out fraud, waste, abuse, and corruption, and bring those to justice who break the law,” Kemp said. According to his inspector general biography, McAfee obtained his undergraduate degree from Emory University in music, where he received a scholarship to play cello in the university’s orchestra. He received his JD from the University of Georgia School of Law. In addition to his professional legal career, McAfee is a volunteer scuba diver and captain of his tennis team. Trump, who is among 19 people charged in the case, has denied any wrongdoing.
Persons: Donald Trump, Scott McAfee, Brian Kemp, , ” Kemp, McAfee, Trump Organizations: Washington CNN, Court, Georgia Gov, Republican, United, Northern District of, Fulton County Atlanta Judicial, Emory University, University of Georgia School of Law, Trump Locations: Georgia, Georgian, Fulton County, United States, Northern District, Northern District of Georgia, Fulton County Atlanta, Kennesaw , Georgia
[1/2] People relax at a Black Sea beach that was reopened after being closed down last year following sea mines laid around the ports of Odesa and Mykolaiv by Russia and Ukraine, amid Russia's attack on Ukraine, in Odesa, Ukraine August 10, 2023. REUTERS/Serhii Smolientsev/File photoODESA, Ukraine, Aug 12 (Reuters) - Several beaches in Ukraine's Black Sea city of Odesa have officially opened for swimming for the first time since the start of the Russian invasion, although bathing is banned during air raid alerts, local officials said on Saturday. Odesa, Ukraine's largest port and naval base, was repeatedly attacked with missiles and drones and the sea was littered with hundreds of sea mines following the invasion in February last year. For the safety of residents and after incidents of mines exploding on beaches, the coast was closed. The decision to open the beaches was made jointly by the city's civilian and military administrations, Odesa Governor Oleh Kiper said on Telegram messaging app.
Persons: Serhii, Oleh Kiper, Iryna, Pavel Polityuk, Frances Kerry Organizations: REUTERS, Thomson Locations: Odesa, Mykolaiv, Russia, Ukraine, Black, Ukraine's
CNN —Beaches officially opened for swimming in Ukraine’s largest port city of Odesa for the first time since the Russian invasion began in February 2022, local officials announced Saturday. Bathing during air raid alerts, however, remains banned in the Black Sea city. Kiper said lifeboats and mesh fences to protect against explosive ordnance would be required in open swimming areas, adding divers would be sent to inspect the Black Sea waters if necessary. I dont want to think about it.”“I have been dreaming of going to the beach and inhaling salty air. But safety is a top priority,” Svitlana, a resident of the Odesa region, told Reuters.
Persons: Oleh Kiper, Kiper, Oleksandr, , Hennadii Trukhanov Organizations: CNN, Reuters, Odesa Locations: Odesa, Black, Russia, Odesa’s, Mykolaiv, Russian
Swallowed by a Whale, and Other August Books
  + stars: | 2023-08-11 | by ( ) www.nytimes.com   time to read: +1 min
If you remember your grade school English lessons, then you know that “man vs. nature” is one of the standby plotlines for storytellers, from “To Build a Fire” to “The Martian.” For readers, the appeal of such stories often lies in the “nature” side of that equation: The more daunting the conditions, the more fun it is to read about the hero’s attempt to survive them. Cue “Whalefall,” Daniel Kraus’s gripping new thriller, in which a teenage scuba diver is inadvertently swallowed alive by a 60-ton sperm whale. Sarah Lyall reviewed the book on our cover recently, and on this week’s podcast she discusses its somewhat disgusting charms with the host Gilbert Cruz. “There’s a lot of viscera and gore and gunk and gelatinous things in this book,” Lyall says. “He’s in a gelatinous sea of crud, and the question is, Can he get out?”Also in this episode, Joumana Khatib takes a look at some of the other August books we’re most excited about.
Persons: ” Daniel Kraus’s, Sarah Lyall, Gilbert Cruz, , ” Lyall, Joumana Khatib
Divers captured rare footage of a gruesome killer whale hunting technique. An orca off the coast of California was seen "slurping" the liver of a live shark. The gruesome footage shows an orca tearing into the stomach of a 30-foot-long whale shark before removing its liver. "Looks like they slurped in the liver and then the whale shark just fell and descended down, with no movement — I'm assuming it was dead," he said. Shortly after the encounter, another orca killed another whale shark nearby.
Persons: James Moskito, It's, Moskito, Roets, Michael Weiss Organizations: Service, Marine Dynamics, Center, , Research Locations: California, Wall, Silicon, Cortez, Farallon, South
Two of the Basecamp Research team taking samples in Azores, Portugal. A Heritage Malta diver taking samples. The protocol omitted the high seas, which refers to parts of the seas that are not under territorial control of any specific country. This is particularly important as policy evolves with the ratification of the High Seas Treaty. Joseph MarlowThe treaty also puts into action an agreement to protect 30% of the high seas by 2030.
Persons: Basecamp, Emma Bolt, Rob Finn, Finn, Saif Ur, Rehman, Basecamp Research's Bolton, Joseph Marlow, Bolton Organizations: Service, Basecamp Research, Basecamp, Heritage, Heritage Malta, Heritage Malta Technology Locations: Azores, Portugal, Heritage Malta, Antarctica, silico, Nagoya
Yoel Roth slammed Elon Musk's decision to reinstate a user that posted a child torture image. Yoel Roth, Twitter's former head of trust and safety, took a dig at Elon Musk's decision to reinstate an account that had posted an obscured image of a toddler being tortured. "For now, we will delete those posts and reinstate the account," Musk wrote on X, after McGee's suspension brought backlash from his right-wing supporters and a number of "Free Dom" posts. Roth, the site's former head of trust and safety, wrote on BlueSky that he found Musk's decision to be confusing. But after resigning from the role two weeks into Musk's ownership, Roth changed his tune.
Persons: Yoel Roth, Elon, Musk, Twitter's, Roth, Twitter —, Dominick McGee, McGee, he'd, Peter Scully, Dom, Barack Obama — Organizations: Morning, Elon, Twitter, Washington Post Locations: Australian, Philippines, British
Filed: July 26, 2023, 10 a.m. GMTJust off the coast of Kiel in northern Germany, scuba divers use hand trowels to dig up emerald green seagrass shoots complete with roots from a dense underwater meadow, delicately shaking off the sediment before placing them in yellow bags. Back on land, they store the shoots in large cooling boxes, before heading out the next day to a barren area further north to replant them in circles. One diver holds a line, and the other uses it to navigate the murky waters and swim around him. They hope this painstaking work, part of a new project that trains local citizens to restore seagrass meadows in the Baltic Sea, can help tackle climate change.
Locations: Kiel, Germany, replant, Baltic
CNN —Sometimes it only takes one visit to convince visitors to pack up their belongings and move to Bonaire permanently. “I fell in love with Bonaire,” Davis, now in her mid-60s, says of her initial visit. Bonaire, pronounced “Bone-air,” is located just off the coast of Venezuela, and it’s one of the three ABC islands: Aruba, Bonaire and Curaçao. Bonaire is known for its scuba diving, but unless you’re Dutch or an avid diver, you probably haven’t given the island much thought. johnandersonphoto/iStockphoto/Getty ImagesThen, in 1999, the Bonaire government purchased Klein Bonaire (an uninhabited island a half mile offshore) from the private sector for $4.6 million with the agreement that it would remain a naturally preserved island.
Persons: Susan Davis, Davis, , ” Davis, ” She’s, , Rolando Marin, that’s, Greg Balfour Evans, Boy ” Herrera, Annette Emerenciana, Harry Schoffelen, who’s, Kiki Multem Organizations: CNN, Bonaire, Statistics Netherlands, CBS, Tourism Corporation, ABC, Klein Bonaire, US State Department, “ Bonaire, Locations: Bonaire, Chicago, Dutch, Netherlands, Tourism Corporation Bonaire, Venezuela, Aruba, Curaçao, Kingdom of, Miami, Kralendijk, Blue Bonaire, Washington, johnandersonphoto, Development, , United States, Europe
[1/3] Evald Krnic, a diver from Montenegro, jumps from a bridge during a competition on the White Drin River, near the town of Gjakova, Kosovo July 23, 2023. REUTERS/Fatos BytyciURA E FSHEJT, Kosovo, July 24 (Reuters) - With arms outstretched like bird's wings in the traditional "swallow style", Evald Krnic plunged more than 20 metres from a bridge in southern Kosovo into the cold White Drin river. "You don't just jump; you fly," he told Reuters after winning first place in the bridge-diving competition, an annual event held for the past 73 years and drawing both amateurs and professionals. "The beauty of this sport lies in conquering that fear and taking the leap." Krnic was also the winner last year in the Bosnian town of Mostar where he jumped 22 meters from an old bridge into the river below.
Persons: FSHEJT, Krnic, Fatos, Peter Graff Organizations: REUTERS, Reuters, Thomson Locations: Montenegro, Gjakova, Kosovo, Bosnian, Mostar
Elevated stock market valuations suggest that returns for investors over the next decade could be meager, according to a Bernstein analysis. The Shiller PE or CAPE — that is, cyclically adjusted price to earnings ratio — sets the market multiple based on average inflation-adjusted earnings over the course of a decade. "The Shiller PE has historically been a good predictor of very long-run 10-year forward equity returns," the Bernstein analysts wrote. However, the firm notes that investors shouldn't forego stock market exposure even if returns are likely to be lower. Ed Yardeni of Yardeni Research said market valuations could be resetting as Big Tech companies powered by artificial intelligence dominate the market.
Persons: Bernstein, Sarah McCarthy, Mark Diver, Ed Yardeni, Yardeni Organizations: Equity, Yardeni Research, Big Tech Locations: Tuesday's
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