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☆ Strict polling requirements from the RNC wiped out most of the GOP primary field before they could even declare
▼ + stars: | 2023-06-07 | by ( Walt Hickey | ) www.businessinsider.com time to read: +6 min

The RNC set a number of benchmarks a campaign needs to hit to make the August 23 debate. Candidates must poll at 1% or higher in three polls with over 800 likely Republican voters. Not many polls have over 800 likely Republican voters, so that'll be harder to hit than some expect. That's a high bar for some campaigns in the increasingly busy bottom of the race, but that's not even the number that's going to screw them. Chris Christie, Donald Trump, Mike Pence, and Doug Burgum will all in the GOP primary by the end of the week.

Persons: —, That's, that's, Gallup, Chris Christie, Donald Trump, Mike Pence, Doug Burgum, Wade Vandervort, Andrew Caballero, Getty, Scott Olson, Stephen Yang, Nate Cohn, FiveThirtyEight's Nathaniel Rakich, Geoffrey Skelley, Nikki Haley, South, Tim Scott, Sen, Jim DeMint, Ehrhardt, Trump, DeSantis, Vivek Ramaswamy — Organizations: RNC, Republican, Service, Republican National Committee, Republicans, Morning, New York Times, GOP, South Carolina, AP, North Dakota Gov Locations: Iowa, New Hampshire , Nevada, South Carolina, FiveThirtyEight, Columbia

☆ No one cares about Mike Pence
▼ + stars: | 2023-06-07 | by ( Taylor Berman | ) www.businessinsider.com time to read: +4 min

Pence hopes to position himself as a more traditional conservative, pushing for family values, fiscal conservatism, and an aggressive military presence abroad. He stuck with Mr. Trump through numerous controversies including the leak of the "Access Hollywood" tape, in which Mr. Trump boasted about grabbing women's genitalia. He vouched for Mr. Trump's character with skeptical evangelicals with whom Mr. Trump ultimately forged his own relationship. Portraying himself as a traditional conservative could also lead to a return to conservative media for Pence. For a time after leaving office as vice president, the Pences were homeless and appeared to be couch-surfing their way through Indiana.

Persons: Pence, —, Mike Pence, Nikki Haley, Vivek Ramaswamy, Donald Trump, Ron DeSantis, McKay Coppins, … It's, Jonathan Swan, Trump, Doug Heye, Simon, Schuster, He's, I'm Organizations: Republican, Trump, Service, GOP, Politics, Florida, Atlantic, New York Times, Ukraine, Mr Locations: U.S, Afghanistan, Indiana

☆ Broadcom is a best-in-class chip stock as A.I. drives earnings power, Bank of America says
▼ + stars: | 2023-06-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Broadcom continues to be a "best-in-class" buying opportunity as artificial intelligence drives earnings power, according to Bank of America. Analyst Vivek Arya reiterated a buy rating on Broadcom following a keynote address from CEO Hock Tan at Bank of America's Global Technology Conference. AVGO 1D mountain Broadcom shares 1-day Broadcom shares surged 41% this year. Arya highlighted the potential not only in Broadcom's semiconductors business, but also in its AI ethernet networking platform. "All-in, AI can help AVGO can drive roughly $47/$50+ in EPS by FY24/25E, and we see 5%-6% upside to long-term numbers of AI revenue targets are achieved (see latest June 1 earnings note)," the analyst said.

Persons: Vivek Arya, Hock Tan, Arya, — CNBC's Michael Bloom Organizations: Broadcom, Bank of America, Bank of America's Global Technology Conference

The outlook was little changed for Britain and in India where prices have kept rising. Adam Challis, executive director of research and strategy for EMEA at JLL, said strong wage gains over the past year had kept many housing markets resilient despite significantly higher borrowing costs. Peak-to-trough falls for nearly all housing markets surveyed were downgraded from the March poll. British and U.S. house prices were expected to fall around 3% and Australia's to be flat for the full year 2023. Average house prices are expected to rise about 6% in India.

Persons: Mike Blake, Goldman Sachs, Adam Challis, hasn't, Hari Kishan, Prerana Bhat, Jonathan Cable, Anant Chandak, Sarupya Ganguly, Indradip Ghosh, Vivek Mishra, Milounee, Susobhan Sarkar, Devayani, Vijayalakshmi Srinivasan, Ed Osmond Organizations: KB, REUTERS, EMEA, Thomson Locations: Valley Center , California, U.S, BENGALURU, Canada, Germany, Australia, New Zealand, Britain, India, JLL

☆ Shares steady on June hike hiatus hopes
▼ + stars: | 2023-06-05 | by ( Lawrence White | ) www.reuters.com time to read: +4 min

Japan's Nikkei (.N225) had earlier surged 2.1% to stand above 32,000 for the first time since July 1990. "With Saudi Arabia protecting oil prices from sliding too low ... we think oil markets are now more prone to a shortfall later this year," said Vivek Dhar, a mining and energy commodities strategist at Commonwealth Bank of Australia. The greenback also rose 0.1% on the Japanese yen to 140.26 while the euro eased 0.1% to $0.1069. Markets see a sizeable chance - about 40% - that the RBA could surprise with a quarter-point hike on Tuesday, after a minimum wage hike that economists feared could further stoke inflationary pressures. Additional reporting by Stella Qiu, Editing by Sam Holmes, Kim Coghill, Ed Osmond and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Brent, Vivek Dhar, Fitch, Stella Qiu, Sam Holmes, Kim Coghill, Ed Osmond, Chizu Organizations: Nikkei, REUTERS, LONDON, Federal Reserve, Saudi, Japan's Nikkei, Nasdaq, Commonwealth Bank of Australia, Treasury, AAA, U.S, Bank of Canada, Reuters, BOC, Thomson Locations: Tokyo, Japan, Saudi Arabia, Asia, Pacific, China, U.S, United States, Australia, Canada

☆ Asian shares extend global rally
▼ + stars: | 2023-06-05 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

Brent oil rose 1% to $76.89 a barrel, giving up some of its earlier gains to as high as $78.73, while U.S. crude climbed 1.2% to $72.61 a barrel, after hitting a session high of $75.06. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery. "With Saudi Arabia protecting oil prices from sliding too low ... we think oil markets are now more prone to a shortfall later this year," said Vivek Dhar, a mining and energy commodities strategist at Commonwealth Bank of Australia. S&P 500 futures dipped 0.1% and Nasdaq futures dropped 0.3% in Asian hours, after a strong rally on Friday, driven by a mixed U.S. jobs report, a resolution to the debt-ceiling issue and the prospect of a U.S. rate pause this month. The U.S. dollar remained elevated on Monday at 104.14 against its major peers, after gaining 0.5% on Friday on the jobs report.

Persons: Brent, Vivek Dhar, Hong, Fitch, Himani Sarkar, Sam Holmes Organizations: Nikkei, Saudi, Commonwealth Bank of Australia, bbl, Japan's Nikkei, Nasdaq, Treasury, AAA, U.S, Bank of Canada, Reuters, BOC, Thomson Locations: SYDNEY, U.S, Saudi Arabia, OPEC, China, Asia, Pacific, Japan, United States, Australia, Canada

☆ Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap - analysts
▼ + stars: | 2023-06-05 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

"Saudi Arabia has a track record of delivering on material cuts," RBC Capital's Helima Croft said in a note. "Hence, we would expect the full 1 million bpd unilateral cut to hit the market in July, nearly doubling the true physical reduction we have seen from the producer group since October." "With Saudi Arabia protecting oil prices from sliding too low by cutting production, we think oil markets are now more prone to a shortfall later this year," Commonwealth Bank of Australia analyst Vivek Dhar said in a note. "We think Brent futures will rise to $85/bbl by Q4 2023 even with a tepid demand recovery in China factored in." "Affording it the 200,000 bpd quota adjustment for 2024 seems to settle the issue of its OPEC membership for now."

Persons: Brent, Helima Croft, Vivek Dhar, Goldman Sachs, Daan Struyven, Callum Bruce, Daniel Hynes, Soni Kumari, RBC's Croft, Florence Tan, Sonali Paul Organizations: Saudi, Organization of, Petroleum, RBC, Commonwealth Bank of Australia, bbl, ANZ, U.S . Federal, United Arab, Thomson Locations: SINGAPORE, Saudi Arabia, Saudi, Russia, China, Iran, Venezuela, OPEC, United Arab Emirates

☆ India home prices set to stay above inflation: Reuters poll
▼ + stars: | 2023-06-05 | by ( Vivek Mishra | ) www.reuters.com time to read: +2 min

Summary poll dataBENGALURU, June 5 (Reuters) - Home prices in India are set to hold above consumer inflation, even though interest rates are expected to stay higher for longer than previously thought, a Reuters poll of property analysts found. The May 16-June 1 poll of 12 property analysts predicted national home prices would reach a median 6.0% this year, a modest upgrade from the 5.5% expected in a March survey. "The interest rate cycle is near its end," Arvind Nandan, managing director of research at Savills India, said. Rates are set to stay at 6.50% for the rest of 2023 and start falling early next year. All analysts who answered an additional question said they were bullish about the housing market outlook.

Persons: Arvind Nandan, Anuj Puri, Rohan Sharma, Vivek Mishra, Veronica Khongwir, Madhumita Gokhale, Hari Kishan, Ross Finley, Barbara Lewis Organizations: Reserve Bank of, JLL Research, Thomson Locations: BENGALURU, India, Reserve Bank of India

☆ Mike Pence just officially filed to run for president in 2024, challenging Trump after dramatic January 6 fallout
▼ + stars: | 2023-06-05 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

Former Vice President Mike Pence is runnning for president. Pence was loyal to Trump during most of his presidency, but stood up to him on January 6. By entering the race, Pence will officially challenge former President Donald Trump — a man he publicly stood by throughout his presidency, right up until Trump pressured him to subvert Joe Biden's 2020 election win. DeSantis has criticized Trump's response to the pandemic, though Trump handed the reins of the response to Pence during his tenure. Pence was deeply involved in the Trump administration, with his fingerprints especially visible on healthcare policy and on defending religious groups.

Persons: Mike Pence, He'll, Pence, —, Pence's, Donald Trump —, Trump, Joe Biden's, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Ryan Binkley, Perry Johnson, Chris Christie, Doug Burgum, he'd, Wade, DeSantis, Alex Azar, Seema Verma Organizations: Trump, Service, Federal, Commission, Des, Des Moines Area Community College, CNN, Capitol, Florida Gov, DeSantis, GOP, Arkansas Gov, Former New Jersey Gov, North Dakota Gov, Pence, Republican, Indiana, Walt Disney Locations: Iowa, Des Moines, Tim Scott of South Carolina, Arkansas, Indiana, Roe, Florida, Indianapolis

☆ Zelensky Signals Next Phase of War Will Have Grim Consequences
▼ + stars: | 2023-06-04 | by ( Vivek Shankar | ) www.nytimes.com time to read: +1 min

After giving the strongest indication yet that Ukraine’s counteroffensive is imminent, President Volodymyr Zelensky on Saturday urged his compatriots to personally thank the volunteers and soldiers fighting Russian troops, in a sign of how grim the next phase of the war could be. Mr. Zelensky singled out more than a dozen soldiers by name, noting that in his nightly speeches he usually thanks specific units or brigades. But Saturday’s address was, he said, a collection of “more personal words of gratitude to particular warriors.”His plea to thank soldiers, even if only on social media, followed similar statements from his top military commanders, who have said they are ready for the counteroffensive despite a lack of air defense systems. And his defense minister rebuffed peace talks at a summit of military officials in Singapore on Saturday. Ukraine has also grown bolder, attacking behind Russian lines in past months, another sign of the shifting tone of the war.

Persons: Volodymyr Zelensky, Zelensky, ” Organizations: Saturday Locations: Singapore, Ukraine

☆ Chuck Todd to Leave ‘Meet the Press’
▼ + stars: | 2023-06-04 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Chuck Todd said on Sunday that he was stepping down from NBC’s “Meet the Press” after nine years in the moderator’s chair and would be succeeded by the network’s chief White House correspondent, Kristen Welker. In remarks at the conclusion of the show on Sunday, Mr. Todd, 50, said he was conscious that many leaders “overstay their welcome” and that he’d rather leave “a little bit too soon than stay a tad too long.”“I’ve let work consume me for nearly 30 years,” Mr. Todd said, according to a copy of his prepared remarks. “I can’t remember the last time I didn’t wake up before 5 or 6 a.m., and as I’ve watched too many friends and family let work consume them before it was too late, I promised my family I wouldn’t do that.”Mr. Todd, a longtime political journalist in Washington, started as moderator of “Meet the Press” in 2014. He has recently interviewed newsmakers including former Vice President Mike Pence, Vice President Kamala Harris, the Republican presidential aspirant Vivek Ramaswamy and Representative Hakeem Jeffries of New York, the House minority leader.

Persons: Chuck Todd, Kristen Welker, Todd, “, ” Mr, I’ve, Mr, Mike Pence, Kamala Harris, Vivek Ramaswamy, Hakeem Jeffries Organizations: White House, Republican Locations: Washington, New York

☆ Why running for president has a lot of upsides, even for the candidates who lose
▼ + stars: | 2023-06-03 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +12 min

Often, candidates can even get the book deals before they run for president, especially if there's a lot of buzz around them. CNN host and debate moderator Wolf Blitzer stands in front of the Republican presidential candidates in 2016. outlook has taken hold among both Republican and Democratic presidential candidates. Numerous presidents were once failed presidential candidates, including Lyndon Johnson, Richard Nixon, George H.W. "The only way to learn how to run for president," Sullivan said, "is to run for president."

Persons: —, Donald Trump, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Mike Pence, Chris Christie, Doug Burgum, It's, Marco Rubio's, Terry Sullivan, Sullivan, who've, Pete Buttigieg, Kamala Harris, Kent Nishimura, aren't, Kamala Harris of, Joe Biden, Stacy Rosenberg, Haley, Glenn Youngkin —, Elizabeth Warren, Bernie Sanders, J, Miles Coleman, Ball, Mike Huckabee, Spencer Platt, Rosenberg, Doug Heye, Trump Adam Kinzinger hasn't, Archie Bunker, Trump, Hutchinson, Sanders, Michael Benet of, Biden, Heye, Rubio, John Hickenlooper, Hickenlooper, Wolf Blitzer, David J, Phillip, Hillary Clinton, Scott, Jimmy Carter, Bill Clinton, he's, Coleman, Lyndon Johnson, Richard Nixon, George H.W, Bush — Organizations: Service, GOP, Florida Gov, Arkansas Gov, New, New Jersey Gov, North Dakota Gov, White, Trump, Transportation, Los Angeles Times, Getty, Carnegie Mellon University's Heinz College of Information Systems, Public, Virginia Gov, Publishers, Macmillan Publishing, Senators, University of Virginia Center for Politics, Former Arkansas Gov, Fox News, Netflix, Republican, Democratic, Child Tax, Florida Republican, Capitol, CNN, Georgia Gov Locations: Florida, Tim Scott of South Carolina, Arkansas, New Jersey, Millenial, South Bend , Indiana, Kamala Harris of California, Virginia, Iowa, California, Illinois, United States, Michael Benet of Colorado, Colorado, New Hampshire

☆ Teachers are on the front lines of a battle to change how teens use social media
▼ + stars: | 2023-06-03 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Each school year, the 10th graders in her class at Scarsdale High School in New York watch “The Social Dilemma,” a 2020 documentary about the harms of social media. Ron DeSantis signed an education bill that prohibits students from accessing certain social media platforms on school Wi-Fi and requires instruction on the negative impacts of social media. These efforts come amid heightened bipartisan pressure from lawmakers for social media companies to do more to protect their youngest users. Teachers openly remind students how their social media history lives on and how it can be perceived among colleges and employers, English said. “Many students don’t even understand most of these dangers,” said Marc Berkman, director of The Organization for Social Media Safety.

Persons: hasn’t, Jennifer Rosenzweig, ”, Rosenzweig, “, ” Rosenzweig, Vivek Murthy’s, ” Jennifer Rosenzweig, Ron DeSantis, Chris English, sexting, don’t, Marc Berkman, Devorah Heitner, “ Screenwise, ’, Berkman, he’s, it’s, Gillian Feldman, ” Feldman, Sabine Polack, Polack Organizations: CNN, Scarsdale High School, Florida Gov, Roycemore, Teachers, Social Media Safety, The Organization, Brawerman Elementary School, Organization of Social Media Safety, Scarsdale, Scarsdale High, Scarsdale School District Locations: New York, Florida, Evanston , Illinois, Los Angeles, Scarsdale

☆ Even if you can't keep your kids off social media, you can moderate their time online—here's how, from a therapist
▼ + stars: | 2023-06-02 | by ( Renée Onque | ) www.cnbc.com time to read: +6 min

And it may seem like the simple solution is to keep young kids off of social media platforms entirely, but that's not realistic for everyone. The age of 13 is "too early" for children to use social media, he said earlier this year . When you approach them about their online activities, you shouldn't only ask about whether or not they're on social media. Create a family plan for social media useMake a decision, as a family, about these key factors:What age can children in our family start using social media? To help your kids avoid developing a reliance on social media for connection, guide them to other activities for social interaction, Doumas says.

Persons: Doumas, Stacy Doumas, Murthy, Vivek Murthy, Gen Zers, Kelly Evans Organizations: Child, Psychiatry, Hackensack Meridian's Jersey Shore University Medical Center, CNN, U.S Locations: Hackensack Meridian's

☆ Investors Have Soured on China’s Stocks, Renewing Fears About Economy
▼ + stars: | 2023-06-02 | by ( Vivek Shankar | ) www.nytimes.com time to read: +1 min

China was reopening after nearly three years of pandemic lockdowns, and investors expected that its economy, the world’s second-largest, would come roaring back to life. Chinese stocks soared. This week, Chinese stocks that are traded in Hong Kong sank briefly into a bear market, after losing more than 20 percent of their value from a high in January. Despite the continuing geopolitical tensions between China and the United States, the economic and business ties between the two countries remain intricately linked. “All the signals from China are pointing to a bumpy, faltering economic rebound,” said Tina Teng, an analyst with CMC Markets in Auckland, New Zealand.

Persons: Stocks, ”, Tina Teng Organizations: CMC Markets Locations: China, Hong Kong, United States, Auckland , New Zealand

☆ Buy Broadcom thanks to an undervalued artificial intelligence portfolio, Bank of America says
▼ + stars: | 2023-06-02 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America thinks chipmaker Broadcom can thrive in the ongoing artificial intelligence boom. The bank raised its price target on the stock to $950 from $800 and reiterated its buy rating. This outlook contributes to BofA's forecast of fiscal year 2024 sales and earnings per share of $39.4 billion and $46.59 per share, respectively. Broadcom could add more to sales and EPS thanks to AI exposure. AVGO YTD mountain Broadcom stock has added nearly 42% from the start of the year.

Persons: chipmaker, Vivek Arya, BofA, Arya, — CNBC's Michael Bloom Organizations: of America, chipmaker Broadcom, Broadcom

☆ Aussie housing dip over, prices to rebound into next year on rate view
▼ + stars: | 2023-06-01 | by ( Vivek Mishra | ) www.reuters.com time to read: +3 min

Summary poll dataBENGALURU, June 1 (Reuters) - Australia's housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-digit fall predicted three months ago, according to a Reuters poll of housing analysts. They were then forecast to rise 4.5% in 2024, almost twice the expected rate from the previous poll. While ANZ and Westpac forecast no growth this year, CBA expected a 3.0% rise and NAB predicted a 4.0% decline in prices. "We are almost at the top of the RBA's hiking cycle, which means the headwind on property prices from rates ratcheting higher has largely run its course." (For other stories from the Reuters quarterly housing market polls:)Reporting by Vivek Mishra; Polling by Sujith Pai and Veronica Khongwir; Editing by Hari Kishan, Ross FinleyOur Standards: The Thomson Reuters Trust Principles.

Persons: Adelaide Timbrell, Gareth Aird, Shane Oliver, Vivek Mishra, Sujith Pai, Veronica Khongwir, Hari Kishan, Ross Finley Organizations: Bank of Australia, ANZ, Westpac, CBA, NAB, Economics, AMP, Thomson Locations: BENGALURU, New Zealand

☆ Republican presidential candidate slams Elon Musk for saying the US and China's interests are 'intertwined like conjoined twins'
▼ + stars: | 2023-06-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Vivek Ramaswamy has called some of Musk's comments to Chinese officials "deeply concerning." According to Chinese officials, Musk said he's opposed to the two nations weakening economic ties. Republican candidate Vivek Ramaswamy has called some of Elon Musk's comments to Chinese officials "deeply concerning." According to a statement from the Chinese foreign ministry, Musk told officials he's opposed to the two countries weakening their economic ties. He described the US and China's interests as "intertwined like conjoined twins," according to the ministry's statement.

Persons: Vivek Ramaswamy, Musk, he's, Elon Musk's, he'd, Ramaswamy, Ma, Zeng Yuqun, Fu, Tesla, Ray Dalio, Matthew Loh Organizations: Morning, Twitter, Chinese Communist Party, Weibo, Reuters, Fu Yan Locations: China

DeSantis chided Trump for not yet taking a position on the deal that President Joe Biden and Speaker Kevin McCarthy struck to raise the debt ceiling and impose some spending cuts. Collision course: The two GOP hopefuls from South Carolina, Haley and GOP Sen. Tim Scott, are facing an “inevitable collision” in the early primary state, the Post and Courier reports. No thanks: GOP Rep. Warren Davidson has decided not to run for Senate in Ohio, Cleveland.com reports. The Salt Lake Tribune reports that Utah Republican Rep. Chris Stewart plans to announce his resignation from Congress as early as Wednesday, a move that, per the Deseret News, could mean the seat remains vacant until next year. Bowing out: Ohio Republican JR Majewski is ending his congressional bid citing his mother’s forthcoming heart procedure, Politico reports.

Persons: Ron DeSantis, Donald Trump, Dasha Burns, Gabe Gutierrez, Abigail Brooks, Bianca Seward, DeSantis, Trump, Joe Biden, Kevin McCarthy, ” DeSantis, Sen, Tim Scott, Nikki Haley, Vivek Ramswamy, “, Mike Pence, doesn’t, Asa Hutchinson, McCarthy, Matt Dixon, Dixon, Haley, GOP Sen, Chris Christie, LIV, Ramaswamy, Gitcho Goodwin, Warren Davidson, Gloria Johnson, Marsha Blackburn, State Shirley Weber, Barbara Lee’s, Andy Beshear, Chris Stewart, Ohio Republican JR Majewski, Majewski, Marcy Kaptur Organizations: Florida Gov, NBC, Hawkeye State, Trump, U.N, ” Biotech, White, Arkansas Gov, MSNBC, Republican, Facebook, Google, federal, PAC, Federal, GOP, Post, Courier, Former New Jersey Gov, Saudi, LIV Golf, Politico, Chattanooga Times Free Press, State, Democratic Rep, Republican Governors Association, Kentucky Democratic Gov, Salt Lake Tribune, Utah Republican, Deseret, Ohio Republican JR, Democratic Locations: Florida, Iowa, Washington, Arkansas, South Carolina, Ohio, Tennessee, California, Kentucky, Salt

SummarySummary Companies China May PMI contracts more than expectedUS debt ceiling bill comes up for vote on WednesdaySaudi Arabia may cut July crude price - Reuters pollMay 31 (Reuters) - Oil prices extended losses early on Wednesday as worries of slowing demand from top oil importer China after the release of weaker-than-expected economic data outweighed some positive progress on the U.S. debt ceiling bill. If passed, the Biden administration would not likely need to negotiate the debt ceiling again before the November 2024 presidential election, Dhar said. Traders were uncertain about whether the group would increase output cuts as a slump in prices weighs on the market. Saudi Arabian Energy Minister Abdulaziz bin Salman last week warned short sellers betting oil prices would fall to "watch out" in a possible signal that OPEC+ may cut output. However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning toward leaving output unchanged.

Persons: Brent's, Vivek Dhar, Joe Biden, Kevin McCarthy, Biden, Dhar, Abdulaziz bin Salman, Alexander Novak, Stephanie Kelly, Trixie Yap, Himani Sarkar, Jamie Freed Organizations: PMI, Wednesday, Reuters, Brent, U.S, West Texas, Commonwealth Bank of Australia, Organization of, Petroleum, Traders, Saudi Arabian Energy, Saudi Aramco, OPEC, Thomson Locations: Wednesday Saudi Arabia, China, U.S, Russia, OPEC, Asia, Saudi Arabia

☆ Factbox: Who are the candidates running in the 2024 US presidential election
▼ + stars: | 2023-05-31 | by ( Ross Colvin | ) www.reuters.com time to read: +6 min

Here is a list of 2024 hopefuls in both the Democratic and Republican parties. Only 1% of Republicans said he would be their preferred 2024 nominee in a Reuters/Ipsos poll conducted May 9-15. ASA HUTCHINSONThe former Arkansas governor launched his bid for the White House in April with a call for Trump to step aside to deal with his indictment. Biden allies say he is running because he feels he is the only Democratic candidate who can defeat Trump. MARIANNE WILLIAMSONThe best-selling author and self-help guru has launched her second, longshot bid for the White House.

Persons: Mike Pence, Chris Christie, Donald Trump, Joe Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, TIM SCOTT, Scott, NIKKI HALEY, Haley, VIVEK RAMASWAMY, Ramaswamy, MIKE, Pence, Trump's, CHRIS CHRISTIE, ASA HUTCHINSON, Hutchinson, DOUG BURGUM Burgum, JOE BIDEN Biden, MARIANNE WILLIAMSON, ROBERT KENNEDY JR, Kennedy, Robert F, Ross Colvin, Colleen Jenkins, Nick Zieminski, Alistair Bell Organizations: New, Democratic, Republican, REPUBLICAN, Republican Party, Twitter, Trump, Walt Disney Co, Ukraine, TIM, Black Republican U.S, Reuters, United Nations, Biden, U.S . Capitol, Republican White House, Christian, New Jersey, ASA, White House, Microsoft Corp, DEMOCRATIC, White, Democrat, YouTube, Thomson Locations: New Jersey, New York, Florida, South Carolina, Pence, Iowa, Arkansas, U.S

☆ Why this chip stock could be the next Nvidia
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Those who missed Nvidia's recent surge may want to consider putting their money in one overlooked artificial intelligence beneficiary: Marvell Technology. The stock surged 181% this year on AI tailwinds. "Not sure we can make sense of the recent AI rally, but this is a name that belongs in the basket." Bank of America analyst Vivek Arya called the chip stock an "underappreciated" AI beneficiary in a recent note. "All in all, MRVL AI revenue is expected to grow at a 100% CAGR from FY23-FY25," Malik said.

☆ Georgia Republicans get another Trump-Pence showdown as 2024 presidential contenders barnstorm the state convention
▼ + stars: | 2023-05-30 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Georgia Republicans are holding their state party convention in early June. Former President Donald Trump and former Vice President Mike Pence are speaking on different days. The Atlanta Journal-Constitution reports the embattled former president and the yet-to-declare former vice president have already locked down speaking slots for the two-day GOP convention, kicking off June 9. Ron DeSantis, who is hopscotching across Iowa, New Hampshire, and South Carolina this week to build support in those early primary states, declined to comment on whether he would participate in the Georgia GOP meeting. Kemp, who won a second term in November 2022, is skipping the GOP convention altogether.

☆ What comes next for ESG funds after the political backlash
▼ + stars: | 2023-05-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

Surging energy stocks in 2022 hurt the performance of many of the largest funds, and political backlash has gained traction with several states moving to block state funds from being invested in ESG products. According to AllianceBernstein, there were $12.1 billion of outflows from ESG funds in North America during the first quarter, although that was due to large outflows from a handful of funds. "This was primarily driven by redemptions from a few large passive ESG funds (e.g., iShares ESG Aware MSCI USA ETF ) due to underlying investors rebalancing their factor exposure. Clearly the political backlash against ESG also weighed on sentiment and demand for ESG products in North America," AllianceBernstein's Zhihan Ma said in an early May note to clients. There were $2.7 billion of inflows into ESG funds in Western Europe during the first quarter, according to Bernstein.

Like Mr. DeSantis, Mr. Ramaswamy sells a similar anti-woke sentiment, but he does so with the charm of a natural communicator. Mr. Trump has welcomed the non-DeSantis entrants to the race. And in the days leading up to Mr. Scott’s announcement, Mr. Trump was watching Fox News in his Mar-a-Lago office when he said, “I like him. For Mr. DeSantis, the squeeze was apparent on the day he entered the race. “If he’s just going to be an echo of Trump, people will just vote for Trump,” she said.

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