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LONDON, July 5 (Reuters) - Dismissal of this year's much-scorned equity market rally as the frothy preserve of a handful of AI-fuelled stocks may be both misleading and also one of its strengths. Or, put another way, if you remove the top 10 stocks, the other 490 would only have gained 4%. And an eye-popping 75% surge in the high-octane 10-stock FANG+TM index (.NYFANG) - mega cap U.S. digital and tech stocks including Apple, Microsoft, Nvidia and Tesla - underlines that. In short, they're hard to avoid unless you dodge either U.S.-listed companies or equity markets altogether. "While stock market investments may be risky in the short run, when viewed against inflation they have offered far more certainty in the long run," he told clients.

Persons: Russell, Andrew Lapthorne, Japan's, Germany's DAX, Italy's, Duncan Lamont, Lamont, Mike Dolan, Mark Potter Organizations: Nasdaq, Apple, Microsoft, Nvidia, Tesla, H1 Stock, Japan's Nikkei, MIB, McKinsey, Bank, Big Tech, Reuters, Twitter, Thomson Locations: Europe, Japan, U.S, United States

☆ The tiny government agency behind a Chinese A.I. chip ban that's weighing on Nvidia
▼ + stars: | 2023-06-28 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

As reports swirl about potential U.S. limits on semiconductor exports to China, a small division within the sprawling Commerce Department is taking on an outsized role. Nvidia warned in August 2022 that around $400 million in potential Chinese sales would be lost unless customers purchased "alternative product offerings." Just a few months later, Nvidia began to offer a watered-down version of its flagship AI chip for the Chinese market. Dubbed the A800, its lower-end specifications exempted it from Commerce Department licensing requirements. Through its Commerce Control List, the BIS can define which product specifications require licenses to be sold overseas.

Persons: Gina Raimondo, Biden Organizations: Commerce, Justice, Science, Capitol, Washington , D.C, Commerce Department, Industry, Security, BIS, Nvidia, Biden, Street, Control, AMD, Seagate, Huawei Locations: Washington ,, China

☆ Inside Infowars' crumbling empire: Ex-Staffers reveal the 'volatile' and 'unhinged' atmosphere working for conspiracy theorist Alex Jones
▼ + stars: | 2023-06-11 | by ( Tom Porter | Ashley Collman | ) www.businessinsider.com time to read: +23 min

One afternoon in the spring of 2017 Alex Jones furiously lunged at his video producer. According to Jacobson, Jones had to be restrained by another Infowars staffer lest he actually hurt him. Alex Jones did not respond to Insider's request for comment. Owens also said he felt guilty about his complicity in promoting the Sandy Hook conspiracy theories during his time working there. "People hearing the words Sandy Hook, they automatically think Alex Jones," she added.

Persons: Alex Jones, lunged, Robert Jacobson, Jones, Jacobson, hawking, Paul Simon, Bruce Springsteen, Alex, baselessly, David, doesn't, Sandy Hooks, Sandy Hook, Josh Owens, Owens, Marjorie Taylor Greene, John Travolta, badgering, George, we're, Jone, Nuri Vallbona, lackey, …, That's, I'm, Christmas Jones, Kelly, David Duke, Duke, Infowars, He'd, David McCullough, Christopher Jordan, Jordan, they're, Megan Squire, Squire, Dave Mustain, Tim Kennedy, Donald Trump, Chris Mattei, Judge Barbara Bellis, Daria Karpova, Karpova, " Jacobson, he'll, He'll Organizations: Austin, Austin Community, Facebook, Factory, Infowars, Iron, Alamo, New York Times Magazine, REUTERS, New, Senate, Housing, Southern Poverty Law Center, San Diego, Free Speech Systems, YouTube, Sandy, Connecticut Superior, Associated Locations: Austin, Texas, USA, Infowars, Atlanta, Austin , Texas, U.S, New York City, Louisiana, Infowar, Newtown, Connecticut, New Orleans, Waterbury, Conn

☆ The US Army's Green Berets have struggled to bring enough recruits into their elite ranks, data shows
▼ + stars: | 2023-06-08 | by ( Steve Beynon | ) www.businessinsider.com time to read: +8 min

Army Special Forces has struggled to bring in new talent since before the pandemic, recruiting data shows. These elite troops, known as Green Berets, are the military's go-to force for guerrilla warfare. But the service's Special Forces has been struggling to bring in new talent since before the pandemic, recruiting data shows. It exceeded its goals that year with 1,358 new Special Forces contracts, but dropped again with 779 recruits in 2022. So far this year, 527 new applicants have signed on to try for the Green Berets.

Persons: —, Jon Braga, Military.com, we've, Braga, you'll, Camp, Katherine Kuzminski, Militarry.com, Z, Kuzminski, It's Organizations: Special Forces, Green Berets, Service, Army, Forces, Green Beret, Military.com, Green, U.S . Army, Operations Command, U.S . Army CH, Southern Strike, Center, New, New American Security, Special Forces Groups, 75th Ranger Regiment, Defense Department, Navy, National Guard Locations: America, Camp Shelby , Mississippi, Afghanistan, New American

☆ No drama as Djokovic sails into French Open third round
▼ + stars: | 2023-05-31 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

[1/2] Tennis - French Open - Roland Garros, Paris, France - May 31, 2023 Serbia's Novak Djokovic in action during his second round match against Hungary's Marton Fucsovics REUTERS/Kai PfaffenbachPARIS, May 31 (Reuters) - Novak Djokovic briefly struggled before bulldozing past Hungarian journeyman Marton Fucsovics 7-6(2) 6-0 6-3 on Wednesday to reach the French Open third round. I hope you had fun tonight especially in the first set - me, a bit less," Djokovic said on court. Djokovic raced into a 3-0 lead before his opponent found his rhythm to set up three break points at 4-2. Djokovic broke his opponent's serve in the opening game of the second set and he did not look back, cruising to victory despite being broken twice more. "Drama-free Grand Slam, I don't think it can happen for me.

Persons: Roland Garros, Serbia's Novak Djokovic, Hungary's Marton Fucsovics, Kai Pfaffenbach PARIS, Novak Djokovic, Marton Fucsovics, Alejandro Davidovich Fokina, Djokovic, Philippe Chatrier, Fucsovics, Julien Pretot, Toby Davis, Ed Osmond Organizations: Hungary's Marton Fucsovics REUTERS, Musketeers, Thomson Locations: Paris, France, Kosovo, Serbia, Spanish, Serbian, Ukraine

☆ Initial Takeaways From the Spending and Debt Ceiling Deal
▼ + stars: | 2023-05-28 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

President Biden and Speaker Kevin McCarthy reached an agreement on Saturday to raise the debt ceiling while imposing new restraints on federal spending. If approved by Congress, it will end a partisan deadlock and avert a potentially devastating national default. The deal will not only resolve the high-octane dispute over debt and spending issues that has gripped Washington for weeks but also enact important changes in environmental permitting, work requirements for social safety-net programs, and Internal Revenue Service tax enforcement. The debt ceiling would be increased until 2025, after the next election. The federal government reached the $31.4 trillion debt ceiling set by law in January, but the Treasury Department has been using various accounting tricks to avoid breaching it.

[1/2] Production units are seen in operation at Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, U.S., May 15, 2023. Scott Higgins, a 55-year-old machinist, was killed and two contract employees, including Eduardo Olivo, were injured in a fire at Marathon’s giant Galveston Bay Refinery on Monday morning. The unit is the larger of two Ultraformers at the 593,000 barrel-per-day (bpd) Galveston Bay Refinery, the second-largest in the United States. Higgins was the second worker to die at the Marathon refinery this year. On March 23, 2005, when the refinery was owned by BP Plc, 15 contract workers were killed and 180 other people were injured in a explosion caused by an overflowing refinery unit.

☆ One worker dies after fire at Marathon's Texas refinery
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

Companies Marathon Petroleum Corp FollowMay 15 (Reuters) - A Marathon Petroleum <MPC.N> worker has died from injuries suffered in a fire that broke out on Monday at the company's giant Galveston Bay Refinery in Texas City, Texas, the company said. "A Marathon employee has passed away as a result of the fire today at Marathon Petroleum's Galveston Bay refinery," company spokesperson Jamal Kheiry said in an emailed response to Reuters. The Texas City Emergency Management Department said on Twitter earlier that a shelter-in-place order was not needed. A contract worker died in March after receiving an electric shock at the refinery. Texas City is located 42 miles (68 km) southeast of Houston.

☆ Sebastian Steudtner has turned to science as he chases the world’s biggest waves
▼ + stars: | 2023-05-08 | by ( Matt Majendie | ) edition.cnn.com time to read: +15 min

CNN —Sebastian Steudtner holds the world record for the biggest wave ever surfed. Steudtner holds the world record for the biggest wave ever surfed. Win, win, win or perform, perform, perform. How boring is it to win and win and win? If I want to catch waves, I don’t think about you because you’re in my way, so you’re naturally competitive.

☆ A real estate investor shares how he grew his income from $28,000 to over $1 million in just 4 years through a combination of rental properties, house flipping, private money lending, and passive synd
▼ + stars: | 2023-05-06 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

He also successfully grew his real estate income from $28k in 2018 to well over $1 million in 2022. A "pivotal moment" for Rivers came after he began further immersing himself into Charleston's local real estate investing community by attending regular meetups and networking events. That's when he decided to become more actively involved through not only private money lending, but also home flipping and wholesaling. Scaling up with house flippingAround 2019, Rivers also began dabbling in house flipping, a strategy which makes up a huge chunk of his real estate investing income today. Focusing on passive investing through real estate syndicatesToday, Rivers also has an additional nearly $1 million invested across various syndicates.

So far in 2023, this index of what are the leading lights of the U.S. economy is up 36% - six times the year-to-date gains of the S&P 500 index (.SPX). Put another way, this year's rise of these 10 mega tech stocks accounts for pretty much all of the S&P 500 gains. "But given how often the S&P 500 has been used as Exhibit A for overall 'resilience', it's important to acknowledge just how idiosyncratic this macro gauge has been." Are tech stocks overpriced? There are certainly plenty of concerns that these mega stocks may be overbought and just too expensive - even though that concern will hardly be a new worry for these stocks.

☆ Wells Fargo raises the caution flag on refiners, downgrades Valero, Marathon
▼ + stars: | 2023-04-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wells Fargo is less optimistic on the future performance of oil refinery stocks Analyst Roger Read downgraded both Valero Energy and Marathon Petroleum to equal weight from overweight. "We raise the caution flag on the refining sector," he said in a note to clients Tuesday. Jet inventory, meanwhile, is "well above" where it was a year ago but still below the average levels seen historically. Demand has also recovered compared with the long-term average but still sits below levels seen before the pandemic. MPC VLO 5Y mountain Valero and Marathon — CNBC's Michael Bloom contributed to this report.

☆ ‘We’re at a tipping point:’ What to expect from the jobs report
▼ + stars: | 2023-04-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —The US labor market has kept trucking right along even as other areas of the economy have slowed. ET Friday when the Bureau of Labor Statistics drops the heavily anticipated jobs report for March. On Wednesday, the latest private-sector jobs report from payroll processor ADP came in at 145,000 for March, landing below expectations. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market. The Bureau of Labor Statistics is set to release its March jobs report at 8:30 a.m.

☆ ‘We’re at a tipping point:’ What to expect from the jobs report on Friday
▼ + stars: | 2023-04-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —The US labor market has kept trucking right along even as other areas of the economy have slowed. Just how much of a shift there is could become even clearer on Friday when the Bureau of Labor Statistics drops the heavily anticipated jobs report for March. On Wednesday, the latest private-sector jobs report from payroll processor ADP came in at 145,000 for March, landing below expectations. There still remains uncertainty about the extent to which those and other layoffs may ripple through the broader labor market. The Bureau of Labor Statistics is expected to release its March jobs report on Friday at 8:30 a.m.

☆ Prince Harry and Elton John are going to court in a high-profile fight against the Daily Mail
▼ + stars: | 2023-03-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

Both Prince Harry and Elton John were in court on Monday as proceedings commenced in an explosive lawsuit brought against Daily Mail publisher, Associated Newspapers. Even the Daily Mail published an article on their arrival in court. A spokesperson for Prince Harry told Reuters that the Duke of Sussex wanted to be present to signal public support for the case. It’s no surprise that Prince Harry would use his celebrity to gin up attention about the lawsuit. But if it does go to trial, it is safe to say that it will be precisely the type of trial that an outlet like the Daily Mail relishes in covering.

☆ Medvedev ends Djokovic run to book Dubai final with Rublev
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +3 min

March 3 (Reuters) - Daniil Medvedev handed Novak Djokovic his first defeat of the year, beating the world number one 6-4 6-4 on Friday to reach the Dubai Tennis Championships final where he plays holder Andrey Rublev for a third title in as many weeks. Every time you play Novak, it's physically tough. Earlier, Russian Rublev reached the final with a first career victory against Alexander Zverev, closing out a 6-3 7-6(9) win on his sixth matchpoint. "I was thinking it was going to be a third set," Rublev, who will be gunning for his 13th ATP title on Saturday, said. But a determined Rublev recovered from a dip in his level to ensure there was no late drama.

☆ Ron DeSantis' past views could come back to bite him in Iowa, a critical state for any GOP challenger to Trump
▼ + stars: | 2023-03-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Ron DeSantis' potential bid to dethrone former President Donald Trump could hit a critical snag in Iowa, home to the first-in-the-nation caucuses. "If you come to Iowa, you're going to talk about agriculture," Monte Shaw, the executive director of the Iowa Renewable Fuels Association, told Insider. DeSantis won't be alone in facing questionsTrump's own administration was hammered over its handling of the renewable fuel standard. Like Iowa's senators, he was also deeply frustrated by how Trump's EPA enforced the renewable fuel standard. Chris Carlson/APTexas Sen. Ted Cruz was hammered for months on the campaign trail for wanting to phase out the Renewable Fuel Standard.

☆ Morning Bid: Powell confesses 'This time it's different'
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +5 min

Any fear of a radical Fed rethink on the back of the jobs numbers seemed wide of the mark. "This cycle is different from other cycles...it has just confounded all sorts of attempts to predict," Powell admitted. And many think last week's jobs report should similarly be treated with care. They included a minimum tax for billionaires and a quadrupling of the tax on corporate stock buybacks. Brands, Eaton Corp, etcUS terminal rateReuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, Editing by Raissa Kasolowsky <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

☆ Actor Marisa Abela to portray Amy Winehouse in new biopic
▼ + stars: | 2023-01-13 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

LONDON, Jan 13 (Reuters) - British actress Marisa Abela will portray Amy Winehouse in a biopic about the late singer, with filming due to begin in London on Monday, production and distribution company Studiocanal has said. The six-time Grammy Award winner died from alcohol poisoning at her north London home on July 23, 2011. Winehouse, who struggled with drink and drug problems through much of her career, was 27 years old. Considered one of the most talented singers of her generation, Winehouse's untimely death shook the music world. "We are thrilled that Studiocanal, Focus Features and Monumental are making this movie celebrating our daughter Amy’s extraordinary music legacy and showcasing her talent in the way that it deserves," The Amy Winehouse Estate said on Friday.

☆ Could Cristiano Ronaldo be Portugal’s super sub for the rest of the World Cup?
▼ + stars: | 2022-12-07 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Cristiano Ronaldo has found himself in unfamiliar territory this season – but no matter where he is in the stadium, the cameras follow. After it was announced he would start Portugal’s World Cup round of 16 match against Switzerland from the bench, huge swathes of photographers swarmed around the team’s substitutes prior to kick off. All eyes were on Cristiano Ronaldo on Tuesday, despite him starting on the bench. With his only real chance of the match, Ronaldo buried his shot past Yann Sommer but was denied a goal by the linesman’s offside flag. His star quality remains, too, with the Lusail Stadium filled with chants of “Ronaldo, Ronaldo” when he entered the field of play to arguably the biggest roar of the night – the game’s seven goals included.

☆ Fund managers who have beaten 98% of their peers in 2022 share 9 'keeper stocks' they're betting on for 2023 — and the 3 market sectors they're overweight on
▼ + stars: | 2022-12-01 | by ( William Edwards | Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

On Wednesday, fund managers said they see value stocks continuing to outperform into 2023. Judging by their MSCI All-Country World Indexes, value stocks outperformed growth by the widest margin since 2001 in the year through September 30, according to GMO. Stocks that are cheaper relative to their fundamentals will remain strong performers in 2023, according to Ryan Kelley and Josh Wein. Even though energy stocks have experienced a sustained rally in the past few months, Kelley said that the sector still has more upside to offer investors. Over the next 12 months, the firm expects a "very strong" outperformance for energy stocks, especially from traditional names, said Ben Cook, portfolio manager for the Hennessy energy funds.

☆ Manic Mexico exit on goal difference after late fight for survival
▼ + stars: | 2022-11-30 | by ( Martin Petty | ) www.reuters.com time to read: +3 min

"It's a hard blow, there are no words," said Mexico midfielder Edson Alvarez. DESPERATE BIDUrgently needing to beef up their goal difference, Mexico took the game to Saudi Arabia from the start and never stopped running, peppering the goal with long-range efforts in a desperate bid to wrest control of their own fate. Hirving Lozano found the net but his goal was disallowed and Mexico battled hard to get the decisive third but were denied constantly by the reflexes of Al-Owais in the Saudi goal. Substitute Uriel Antuna had a stunning late effort disallowed for offside four minutes from time before Al-Dawsari shattered Mexican hopes when he grabbed a Saudi consolation goal deep into stoppage time. "I always live the games to the maximum, always giving myself every game, every ball ... but well, the results didn't come."

But you have to go back centuries in some cases to get anything nearly as bad as 2022 for 'safer' sovereign bonds. "2023 will be the year of the bond," claimed Chris Iggo, chair of the AXA IM Investment Institute. "Road to recession - bullish bonds and quality credit," was how SocGen entitled their view. And while stock volatility makes forecasters nervy, there's a clear attraction for long-term funds in seeking both the fixed income as well as the lift to bond funds when sub-par price discounts disappear into maturity for most high-quality names. "Long high quality bonds in the U.S. and Europe seems like an obvious strategy for 2023," said hedge fund manager Stephen Jen at Eurizon SLJ Capital.

☆ James Cameron's new 'Avatar' film gets rare China release
▼ + stars: | 2022-11-23 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

“Avatar: The Way of Water” will be released in China on the same day as its global release, the studio said on its official Weibo account. The six latest Marvel movies did not make an appearance in China and earlier this year, “Black Panther: Wakanda Forever” was also denied a China release. That said, since Chinese movie ticket sales topped US ticket sales for the first time in 2020, the Chinese movie market has been hit by tight Covid-19 curbs. China’s total box office take for this year has reached only 28.27 billion yuan ($4 billion) according to Chinese cinema data app Dengta. It is a sharp fall from 2019’s 64.15 billion yuan or even last year’s 47.04 billion.

☆ NFL roundup: Joe Burrow helps Bengals get revenge vs. Steelers
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +10 min

Both of Herbert's touchdown passes were caught by Joshua Palmer, who finished with eight catches for 106 yards. Quarterback Marcus Mariota paced Atlanta's offense with 131 passing yards, a passing touchdown and a rushing touchdown. Hurts finished with 190 passing yards and 86 passing yards. Saints 27, Rams 20Andy Dalton threw three touchdown passes as host New Orleans defeated Los Angeles, which lost Matthew Stafford to a possible concussion. Kirk Cousins was ineffective in the passing game, totaling 105 yards through the air while completing 12 of 23 passes.

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