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☆ Opinion | Why Judges in the Trump Jan. 6 Trial Need a Rocket Docket
▼ + stars: | 2023-11-28 | by ( Randall D. Eliason | ) www.nytimes.com time to read: +1 min

It’s possible that his criminal liability for the events leading up to the Jan. 6 riot at the Capitol will remain unresolved. And whether it happens will be decided by a relative handful of federal jurists — including a number appointed by Mr. Trump himself. Of the four criminal cases pending against Mr. Trump, the federal election interference prosecution in Washington currently has the best chance of going to trial before the 2024 presidential vote. The trial date is set for March 4. But legal developments that are out of her hands now threaten to derail that schedule: Expected pretrial appeals could push the trial date past the November election.

Persons: Donald Trump, it’s, Richard Nixon, Trump, Tanya Chutkan Organizations: Republican, Capitol, Mr, Federal Locations: Washington

☆ ‘Fargo’ Season 5, Episode 3 Recap: Preparing for a Blood Bath
▼ + stars: | 2023-11-28 | by ( Scott Tobias | ) www.nytimes.com time to read: +2 min

We have seen these types in Noah Hawley’s TV “Fargo,” too, like David Thewlis as a mirthless, ruthless British business V.M. Varga in the third season or Billy Bob Thornton as the hit man Lorne Malvo in the first season, a satanic figure who believes people are primal beasts and acts accordingly. His clients are now his targets and it is safe to say they don’t know much about him. Neither do we, frankly, even after the episode makes an unexpected leap to early 16th-century Wales, when Munch or a Munch-like ancestor takes part in a sin-eating ritual. That has turned Munch into a 21st-century debt collector, owed much more than money.

Persons: Coen, Leonard Smalls, Randall “ Tex ” Cobb, Charlie Meadows, John Goodman, “ Barton Fink, ”, Anton Chigurh, Javier Bardem, Noah Hawley’s, David Thewlis, V.M, Varga, Billy Bob Thornton, Lorne Malvo, Hawley, Sam Spruell, Ole Munch, Steve Buscemi, Peter Stormare, Munch, He’s, “, Roy Tillman Locations: “ Raising, “, ”, Wales

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 24 (Reuters) - Signs the U.S. stock market rally is broadening from the so-called Magnificent Seven of mega-cap growth and technology companies is bolstering investor hopes for a rally through year-end. In one encouraging sign, about 55% of the S&P 500 were trading above their 200-day moving averages as of Monday. Among other signs, the equal-weight S&P 500 (.SPXEW) -- a proxy for the average stock in the index -- rose 3.24% last week. The equal-weight S&P 500 is trading at a 5% discount to its 10-year average forward price-to-earnings ratio, according to Edward Jones. Still, there are reasons to think that the market rally is not on the verge of a sustained broadening.

Persons: Brendan McDermid, Adam Turnquist, Meta, Russell, Mona Mahajan, Edward Jones, ” Mahajan, Steve Sosnick, Jason Draho, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Megan Davies, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal, LPL, Microsoft, Nasdaq, Interactive Brokers, UBS Global Wealth Management, Thomson Locations: New York City, U.S, Treasuries

☆ Rare earth discoveries mean coal mines could have a key role to play in the energy transition
▼ + stars: | 2023-11-24 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

Boy_anupong | Moment | Getty ImagesFrom Pennsylvania to the north of England, coal mines helped to power the Industrial Revolution, turbocharging the economic growth of countries around the world. SubscribeIn May, U.S. firm Ramaco Resources offered some insight into how coal may have a role to play in the years ahead. "It is expected they can be mined using normal surface mining techniques and processed in a more economic and environmental manner than conventional REE mines." Elsewhere, researchers at Penn State have also been focusing on ways to source rare earths and critical minerals via waste from coal mines. Across the Atlantic, efforts to repurpose old coal mines so that they can be used for many more years to come have also been taking shape.

Persons: Ramaco, REEs, CNBC's Kelly Evans, Randall Atkins Organizations: Greenpeace, UN, International Energy Agency, CNBC, Ramaco Resources, Weir International, U.S . Department of Energy's National Energy Technology Laboratory, China, West Virginia University, U.S . Department of Energy, Penn State, Geothermal Engineering Limited Locations: Pennsylvania, England, U.S, REE, Wyoming, United States, China, Scotland

Ten-year Treasury yields hit a 16-year high of 5.021% in late October, but have fallen back to 4.414%. Some big investors and advisers believe, however, that reasons to cheer are short-lived and growing concerns over the economy will start weighting on asset prices early next year. His focus now is more on earnings, credit markets and broader economic data for signs of a potential slowdown. The U.S. presidential race next year is also a concern because it could be a source of more market instability. For a new boost in market performance, tech stocks will depend more on showing how AI can lift results, investors said.

Persons: We've, Ryan Israel, Bill Ackman's, Mohamed El, Peter van Dooijeweert, Max Gokhman, Franklin Templeton, Bill Gross, van Dooijeweert, Carolina Mandl, David Randall, Svea, Bayliss, Megan Davies, Leslie Adler Organizations: Nasdaq, Bill Ackman's Pershing, Capital Management, Allianz, Group's Solutions, U.S, Reuters, Microsoft, Wall, Svea Herbst, Thomson Locations: extrapolating, U.S, China

200,149 migrants came to New York State, most of them to New York City. 200,149 migrants came to New York State, most of them to New York City. His brother-in-law, who had come to New York six months earlier, told Mr. Rodríguez there were opportunities for him in New York, and lent him money to fly here. “I didn’t want to interrupt my seven-month-pregnant wife’s rest, and we didn’t go out,” Mr. Vargas said. “Little by little we understood how to navigate the neighborhood,” Mr. Vargas said.

Persons: Milton Vargas, “, ” Mr, Vargas, Jorda Colomer, Colomer’s, Manuel Rodríguez, Gaoussou Ouattara, Eduardo Gómez, Todd Heisler, Biden, New York Times Milton Vargas, Mr, ”, Roosevelt, Rodríguez, New York Times Eduardo Gómez, Gómez, Colomer, Ms, Floyd, I’ll, it’s, New York Times Manuel Rodríguez, Rousseau, Jorda, Andrew Heinrich Organizations: New, New York Times, Port Authority, Kennedy Airport, “, Legal Aid Society Locations: New York City, U.S, New York State, United States, Nicaragua, Eagle, , Texas, New York, Texas, Venezuela, Rodríguez, San Diego, Burkina Faso, West Africa, California, Valencia, El Paso, San Antonio, Ukraine, Bronx, Central, Williamsburg , Brooklyn, Queens, Manhattan, Harlem, Mexico, Flushing , Queens, Flushing, Whitestone , Queens, Side, Midtown, Brooklyn, Milton, “

☆ Morning Bid: Consumers in focus as Walmart reports
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday's corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart (WMT.N), Bath & Body Works and Macy's (M.N) report earnings. Expectations for Walmart ride high after peer Target (TGT.N) surged by almost a fifth on Wednesday in the wake of its consensus-beating holiday sales forecast and upbeat view of its supply chain. Figures on Wednesday showed U.S. producer prices fell at their fastest pace since April 2020, and UK consumer inflation undershot all forecasts. Reuters GraphicsMeanwhile in Asia, Japan's exports are struggling due to slumping China-bound shipments of chips and steel.

Persons: Vidya Ranganathan, Eddie Wu, Christine Lagarde, Jerome Powell, What's, Joe Biden, Xi Jinping, England's Randall Kroszner, ECB's Christine Lagarde, Luis de Guindos, Fed's Loretta Mester, John Williams, Michael Barr, Jacqueline Wong Organizations: Vidya, Walmart, Body, Insider Intelligence, U.S, Bank, Events, Applied Materials, Siemens, SQM, Thomson Locations: U.S, Asia, China, San Francisco, Bath, France

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

Lai, vice president and the ruling Democratic Progressive Party's (DPP) presidential candidate, has almost consistently led opinion polls ahead of an election taking place amid increased Chinese pressure on Taiwan to accept Beijing's sovereignty claims. Vincent Chao, spokesperson for the Lai campaign, declined to comment on Hsiao's role but said an announcement on a running mate would be made on Monday. Randall Schriver, the former U.S. assistant secretary of defense for Indo-Pacific Security Affairs, described Hsiao as a "good partner in promoting U.S.-Taiwan relations." The DPP-led government says only Taiwan's people can decide their future, and has repeatedly offered talks with Beijing but been rebuffed. Like Lai, Hsiao is detested by China, which has on two occasions placed sanctions on her, most recently in April, saying she is an "independence diehard".

Persons: Lai Ching, Lai, Democratic Progressive Party's, Hsiao, Vincent Chao, Ivan Kanapathy, Randall Schriver, Chen Shui, Ben Blanchard, Yimou Lee, Michael Martina, Gerry Doyle Organizations: Democratic Progressive, APEC, Asia, U.S . National Security Council, Reuters, Georgetown University, Patriot, Pacific Security Affairs, U.S, DPP, Taiwan Affairs Office, Thomson Locations: TAIPEI, United States, Washington, Taiwan, San Francisco, U.S, Taipei, Ukraine, China, Beijing, Japan

☆ Coal might be a solution to the rare-earths problem in the U.S., says Ramaco's Randall Atkins
▼ + stars: | 2023-11-13 | 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 EmailCoal might be a solution to the rare-earths problem in the U.S., says Ramaco's Randall AtkinsRandall Atkins, Ramaco chairman and CEO, joins 'The Exchange' to discuss a rare-earths discovery, what this discovery means for the U.S., and more.

Persons: Ramaco's Randall Atkins Randall Atkins, Ramaco Locations: U.S

☆ Rare earth finds could help revive coal industry, says CEO who just made a discovery worth billions
▼ + stars: | 2023-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

To put that in perspective, the U.S. consumed about 10,000 tons of rare earth elements annually over the past decade. Rare earths are used in advanced military technology, electric vehicles and other applications. Potential boon Atkins told CNBC on Monday that it is logical to think rare earths could be sitting undiscovered elsewhere in the U.S. "This might be something that will kind of awaken the thought that there might be different uses for coal," Atkins said. Ramaco last month started developing the Brook Mine, the first new rare earth mine in the U.S. since Mountain Pass Rare Earth Mine opened in California in 1952.

Persons: Randall Atkins, Atkins, CNBC's, It's, Ramaco Organizations: Ramaco, International, CNBC, Energy Information Agency, Exports Locations: Ramaco Resources, Wyoming, United States, Sheridan, U.S, California, China, Hamilton, Washington, Europe, Moscow, Ukraine

☆ A Wall Street banker bought a coal mine sight unseen that could contain $37 billion worth of rare earth minerals
▼ + stars: | 2023-11-10 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Over a decade ago, a Wall Street banker bought a coal mine to sell coal. Turns out, the mine contains rare earth elements that could be worth tens of billions of dollars. AdvertisementAdvertisementIn 2011, Randall Atkins, a former Wall Street banker, bought a mine outside of Sheridan, Wyoming, sight unseen, The Wall Street Journal reported. In May, Ramaco announced that Atkins' Brook Mine contains one of the largest unconventional deposits of rare earth elements in the US. Early this year, the White House announced it plans to invest $32 million in domestic rare earth and other mineral projects.

Persons: —, Randall Atkins, Atkins, Ramaco, REE, REEs, David Becker, Patty Webber, They're, haven't, Shannon Anderson Organizations: Wall Street, Service, Street Journal, Casper Star, Tribune, DOE's National Energy Technology Laboratory, International, Inc, Resources, Reuters, Geological Survey, Wyoming Public, Defense Department, White House, Sheridan Press Locations: Sheridan , Wyoming, Atkins, Wyoming, China

☆ Wall St Week Ahead Bargain or trap? US bank stock outlook hinges on Fed's path
▼ + stars: | 2023-11-10 | by ( David Randall | ) www.reuters.com time to read: +4 min

Bank stocks are at an all-time low compared with the S&P 500 based on relative prices, according to data from BofA Global Research. One key factor for bank stocks is whether the Federal Reserve is close to wrapping up a monetary tightening cycle that has brought the highest U.S. interest rates in decades. Yet signs the Fed may keep rates around current levels through most of next year have weighed on bank stocks. This month, analysts at BofA Global Research said investors should “selectively” add exposure to bank stocks in anticipation of an interest rate peak. Overall, about 61% of all outstanding mortgages have an interest rate below 4%, according to the Apollo Group, leaving consumers little incentive to refinance or move.

Persons: Brendan McDermid, ”, Quincy Krosby, Bill Gross, Neville Javeri, Goldman Sachs, Jeff Muhlenkamp, David Randall, Bansari Mayur, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Silicon Valley Bank, Bank, BofA Global Research, LPL, Federal Reserve, Fund, Allspring Global Investments, Fifth Third Bancorp, Investors, Apollo Group, financials, Fed, Muhlenkamp & Company, Thomson Locations: New York City, U.S, Silicon

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 10 (Reuters) - A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the central bank was pushing back against loosening financial conditions. Some investors said Powell may have been leaning against a recent loosening of financial conditions that has come as yields have tumbled in recent weeks. Evidence of the dynamic between yields and financial conditions - factors that reflect the availability of funding in an economy - was on display in last week's 0.5% decline in the Goldman Sachs Financial Conditions Index, its sixth-biggest weekly drop since 1990. "If their concept is to have tighter financial conditions, they can’t really let those yields go down. "The rally of the markets both in equity and fixed income unwound the financial conditions tightening to a large degree," Desai said.

Persons: Jerome Powell, Brendan McDermid, Powell, Charlie Ripley, Powell …, Spencer Hakimian, Sonal Desai, Franklin, Desai, Vassili Serebriakov, Jeffrey Roach, Davide Barbuscia, David Randall, Saqib Iqbal Ahmed, Karen Brettell, Ira Iosebashvili, Sam Holmes Organizations: Economic, of New, REUTERS, International Monetary Fund, Treasury, Allianz Investment Management, Goldman, Tolou Capital Management, UBS, Investors, LPL Financial, Thomson Locations: of New York, New York City, U.S, New York

☆ The $2 Million Coal Mine That Might Hold a $37 Billion Treasure
▼ + stars: | 2023-11-09 | by ( Julie Steinberg | Photographs Louise Johns For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Twelve years ago, former Wall Street banker Randall Atkins bought an old coal mine outside Sheridan, Wyo., sight unseen, for about $2 million. He thought the mine might eke out a profit. Instead, Atkins recently learned it could bring a windfall.

Persons: Randall Atkins, Atkins Organizations: Wall Street Locations: Sheridan

☆ Falling Treasury yields could turn Fed hawkish if financial conditions ease
▼ + stars: | 2023-11-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - Falling Treasury yields helped launch an explosive rebound in stocks and lifted U.S. government bonds from 16-year lows. Evidence of the dynamic between yields and financial conditions could be seen in last week’s 0.5% decline in the Goldman Sachs Financial Conditions Index, its sixth biggest weekly drop since 1990. Policymakers have largely refrained from verbally pushing back on the easing in financial conditions during a flurry of appearances by policymakers this week. Analysts at TD Securities, however, believe further easing in Treasury yields will eventually become a "double-edged sword." To be sure, not every scenario sees the Fed in a higher-for-longer posture if Treasury yields continue falling.

Persons: Jerome Powell, Kevin Lamarque, Brian Jacobsen, Jacobsen, CME's, Sameer Samana, David Randall, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: Federal Reserve, Federal, Committee, REUTERS, Goldman, Treasury, Annex Wealth Management, Reuters Graphics, International Monetary Fund, TD Securities, Fed, Wells, Investment Institute, Thomson Locations: Washington , U.S, United States, China, Samana, U.S

☆ DeSantis' biggest donor Bigelow switches to Trump, but not donating for now
▼ + stars: | 2023-11-08 | by ( Alexandra Ulmer | ) www.reuters.com time to read: +3 min

(Reuters) - Hotel entrepreneur Robert Bigelow, Republican presidential hopeful Ron DeSantis’ biggest donor, is switching his support to Donald Trump, but he will not give the former president any money until he is sure he is not headed to prison. Bigelow said he thought Trump would be better equipped than DeSantis to deal with the current turmoil in the Middle East. After Bigelow’s interview with Reuters in August about dropping DeSantis, Bigelow said he did not hear from the Florida governor’s campaign for two weeks. I think it’s indicative of not good thinking to ignore a large donor like that.”Trump’s campaign, Bigelow added, had already reached out by Wednesday morning. Desantis’ campaign and Trump’s campaign did not immediately respond to requests for comment.

Persons: Robert Bigelow, Ron DeSantis, Donald Trump, Randall Hill, ” Bigelow, “, ” Trump, Democrat Joe Biden, “ He’s, ”, Bigelow, Trump, DeSantis ’, DeSantis, Casey DeSantis, Desantis Organizations: Reuters, Florida, REUTERS, Trump, Republican, Democrat, The, Financial Times Locations: Murrells Inlet, South Carolina, U.S, United States, Florida

☆ Wall St Week Ahead Stock investors see green light in falling Treasury yields
▼ + stars: | 2023-11-03 | by ( David Randall | ) www.reuters.com time to read: +4 min

The relationship between stocks and bonds has been a tight one in recent months, with equities falling as Treasury yields climbed to 16-year highs. Higher yields offer investment competition to stocks while also raising the cost of capital for companies and households. Meanwhile, the S&P 500 has surged nearly 6% from its October lows. Draho expects the S&P 500 to trade between 4,200 and 4,600 until investors determine whether the economy will be able to avoid a recession. The S&P 500 was recently up more than 1% on the day.

Persons: Brendan McDermid, Jason Draho, Draho, Ryan Detrick, Greg Wilensky, Janus Henderson, David Randall, Ira Iosebashvili, Louise Heavens Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, UBS Global Wealth Management, National Association of Active Investment, CFRA Research, Carson Investment Research, Fed, Apple Inc, Janus, Janus Henderson Investors, Thomson Locations: New York City, U.S, Treasuries

Plenty of bond investors have been burned calling a bottom in a selloff that has taken Treasuries to the cusp of an unprecedented third straight year of losses. One potential near-term pitfall is Friday’s U.S. payrolls data, which could revive expectations of Fed hawkishness if they come in stronger than expected. The rise in Treasury yields has reached far beyond the bond market. The S&P 500 is down nearly 8% from its July high, as rising bond yields offer investment competition to equities while threatening to raise the cost of capital for companies. “The market is running with the idea that the Fed is done hiking, which they may or may not be,” he said.

Persons: Jerome Powell nodded, Bonds, ”, Jack McIntyre, “, ” McIntyre, Stanley Druckenmiller, Duquesne, Bond, Josh Emanuel, Powell, We've, Greg Wilensky, Janus Henderson, ” Wilensky, Noah Wise, Davide Barbuscia, David Randall, Ira Iosebashvili Organizations: Treasury, Federal, Fed, U.S . Treasury, Brandywine, Janus, Janus Henderson Investors, Allspring Global Investments, Thomson Locations: U.S, Wilshire

Amid the economic turmoil of the pandemic, his government racked up Canada's highest ever deficit. Failing to curb spending now risks "the market dictating to you what you have to do with fiscal policy," said Doug Porter, chief economist at BMO Capital Markets. "I do think they have to trim the sails a bit," he added. "It's going to be easier to get inflation down if monetary and fiscal policy are rowing in the same direction," Macklem said. Fitch Ratings stripped Canada of its triple-A credit rating in June 2020, citing pandemic spending.

Persons: Justin Trudeau, Doug Porter, Chrystia Freeland, Katherine Cuplinskas, Trudeau, Macklem, Desjardins, Randall Bartlett, Simon Deeley, Robert Asselin, DBRS Morningstar, Julia Smith, Steve Scherer, Fergal Smith, Denny Thomas, Josie Kao Organizations: OTTAWA, Trudeau's Liberal, BMO Capital Markets, Finance, International Monetary Fund, of Canada's, BoC, UK, RBC Dominion Securities Inc, New, Business Council of Canada, Fitch, Moody's Investors, Canada, Thomson Locations: Canada, FES, Germany, High, Ottawa, Toronto

☆ Benchmark 10-year Treasury yield could top 7%: Ned Davis Research
▼ + stars: | 2023-10-31 | by ( David Randall | ) www.reuters.com time to read: +2 min

NEW YORK, Oct 31 (Reuters) - Investors should be prepared for long-duration Treasury yields to reach 7% if the U.S. economy skirts a widely anticipated recession, Ned Davis Research warned in a note on Tuesday. Benchmark 10-year Treasury yields, which move inversely to prices, are hovering near 16-year highs of 5% as investors price in rising U.S. federal deficits and the Federal Reserve's guidance that it will keep rates high until it is convinced that inflation is under control. Joseph Kalish, chief global macro strategist at Ned Davis Research, said the Treasury sell-off could continue if the neutral rate of interest - the rate at which monetary policy is neither contractionary nor expansionary - rises due to a prolonged expansion. "So getting comfortable with a 5% 10-year Treasury is actually quite conservative," he wrote. With the potential for a worsening Treasury market sell-off, Kalish is bullish on gold and remains slightly underweight bonds, and favors large-cap equities over small-caps, he noted.

Persons: Ned Davis, Joseph Kalish, Kalish, Powell, Treasury Department's, David Randall, Andrea Ricci Organizations: Ned Davis Research, Ned, Treasury, Federal Reserve, Thomson Locations: U.S, Treasuries

☆ Investors on edge as Middle East conflict intensifies
▼ + stars: | 2023-10-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +3 min

Investors have grown more worried about a widening conflict in recent days after the U.S. dispatched more military assets to the Middle East while Israel attacked targets in Gaza and Hamas supporters in Lebanon and Syria. Some investors also expect a widening conflict could prompt safe-haven buying of Treasuries. "However, an escalation of the conflict would likely shift attention away from monetary policy concerns and boost safe-haven demand for Treasuries." The Cboe Volatility index (.VIX) has climbed in the wake of the conflict and rose on Friday, approaching seven-month highs. The Federal Reserve is set to give its latest monetary policy statement on Wednesday, while Apple's quarterly results highlights another busy week of corporate reports.

Persons: Dado Ruvic, ”, Randy Frederick, Charles Schwab, Brent, Peter Cardillo, Lewis Krauskopf, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: REUTERS, Federal, Hamas, Investors, U.S, Capital Economics, Spartan Capital Securities, UBS Global Wealth Management, Thomson Locations: Gaza, East, Israel, Lebanon, Syria, Treasuries, U.S

☆ Wall St Week Ahead Frazzled U.S. stock investors eye frothy Treasury market as Fed looms
▼ + stars: | 2023-10-28 | by ( David Randall | ) www.reuters.com time to read: +4 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. Higher Treasury yields are seen as a headwind to stocks, in part because they compete with equities for buyers. More broadly, some believe the stock market's trading patterns this year point to a rebound in the fourth quarter. "The stock market is poised for a late Q4 rally."

Persons: Brendan McDermid, Sam Stovall, CME's, Alex McGrath, Charlie Ripley, Tesla, Stovall, Ned Davis, Randy Frederick, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Apple Inc, Treasury, Strong U.S, CFRA Research, Investors, U.S, Gross, Fed, Allianz Investment Management, Google, CFRA, Ned Davis Research, Schwab Center, Financial Research, Thomson Locations: New York City, U.S

Republican presidential candidate and Florida Governor Ron DeSantis speaks during a campaign event in Myrtle Beach, South Carolina, U.S., October 20, 2023. There were few details disclosed about the shipments, including where the materials originated, and which third parties Florida worked with. "We also worked with the Consul General to help get weapons and ammunition to Israel through private parties." Some 54% of Republicans said the U.S. should support Israel, versus 22% who said the U.S. should be a neutral mediator and 1% who said the U.S. should support the Palestinians. Earlier in October, DeSantis had sent two cargo planes to Israel containing medical supplies, toys, clothing and other non-combat-related items.

Persons: Ron DeSantis, Randall Hill, Joe Biden, Donald Trump, Jeremy Redfern, DeSantis, Biden, Gram Slattery, James Oliphant, Steve Holland, Humeyra Pamuk, David Shepardson, Trevor Hunnicutt, Ross Colvin, Jonathan Oatis Organizations: Florida, REUTERS, Rights, . Commerce Department, Republican, Democratic, Palestinian, Hamas, Reuters, Republicans, Thomson Locations: Myrtle Beach , South Carolina, U.S, Florida, Israel, Iran, Miami, Israeli, America, Washington

☆ Florida's DeSantis bans pro-Palestinian student group
▼ + stars: | 2023-10-25 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

Republican presidential candidate and Florida Governor Ron DeSantis speaks during a campaign event in Myrtle Beach, South Carolina, U.S., October 20, 2023. REUTERS/Randall Hill/File Photo Acquire Licensing RightsOct 24 (Reuters) - Florida’s university system, working with Governor Ron DeSantis, ordered colleges on Tuesday to shut down a pro-Palestinian student organization, marking the first U.S. state to outlaw the group whose national leadership backed Hamas' attack on Israel. SJP is active in at least two Florida universities, Rodrigues said. The University of North Florida in Jacksonville and Florida State University in Tallahassee have SJP chapters, based on Instagram sites. The National SJP did not immediately respond to a request for comment.

Persons: Ron DeSantis, Randall Hill, DeSantis, Ray Rodrigues, SJP, Rodrigues, Andrew Hay Organizations: Florida, REUTERS, Hamas, The State University System, Justice, Republican, University of North, Florida State University, U.S, Andrew Hay Our, Thomson Locations: Myrtle Beach , South Carolina, U.S, Israel, Florida, Palestine, University of North Florida, Jacksonville, Tallahassee, Gaza, America, Canada

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