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At this point, only a disorderly financial adjustment or a central bank policy mistake could tip the balance, such as if the Fed hesitates to cut rates when the time comes. AdvertisementJanuary's inflation data did give the central bank reason to hold for longer, as Tuesday's report came in hotter than investors anticipated. Failure to come through with three cuts would also be a policy mistake. Generally, the US economy is suffering a "stock problem," as the market's rally been built on excessive Fed cut expectations. Instead, the CPI data provided a wake-up call for carried-away investors, El-Erian said, which explains Tuesday's market overreaction to the report.
Persons: , Mohamed El, Erian, they've, Dow Jones Organizations: Service, Federal, CNBC, Business, Queens ' College
Rita Smith, 62, and her husband, Theodore Smith, Sr., 64, have been married for over 40 years. They shared their best sex tips, from investing in lingerie to bonding outside the bedroom. Rita Smith, a happily married 62-year-old woman, is here to dispel that myth. DROP THE TIKTOK LINKSSmith met her husband, Theodore Smith Sr., now 64, when they were in high school in New Orleans, Louisiana. Even after Theodore leaves for work, Rita said they call each other and talk all the time.
Persons: Rita Smith, Theodore Smith, , Smith, lacy, Babe, ” Smith, Theodore Smith Sr, Rita, Theodore, endometriosis, , ” Theodore, Bryan Tarnowski, , Smiths, ” Rita, ” Bryan Tarnowski, whisks, he’ll, , me, ’ ” Organizations: Service, Smiths, Invest Locations: New Orleans , Louisiana,
As a young adult, I have already made a number of trips between those two places. When I visit, around me there are crumbling castles; I walk the path between them, a potholed road. When I first read Ms. Sontag’s words, I envisioned visits to this kingdom as solitary ventures. After all, isn’t it ultimately you alone in the doctor’s office, or in the pharmacy line, or in your thoughts? An uncertainty about my career morphed into a misshapen terror that my life was worth little or nothing.
Persons: Susan Sontag, , you’re
MANILA (Reuters) - The Philippines' coast guard (PCG) on Sunday accused China of "dangerous and blocking" maneuvers while its vessel patrolled near Scarborough Shoal in the South China Sea this month. Four Chinese maritime militia vessels were also present near the shoal, the PCG said. Located within the Philippines' exclusive economic zone (EEZ), Scarborough shoal is also claimed by China, making it one of Asia's most contested maritime features and a flashpoint for flare-ups. The PCG said its vessel was in the area to protect Filipino fishermen "from further harassment" in their traditional fishing ground. China claims almost the entire South China Sea, a conduit for more than $3 trillion in annual ship commerce.
Persons: Teresa Magbanua, BRP Teresa Magbanua, Hague, China's, Mikhail Flores, Sonali Paul Organizations: Sunday, BRP, CCG Locations: MANILA, Philippines, China, Scarborough Shoal, South China, Manila's, Manila, Scarborough, Vietnam, Indonesia, Malaysia, Brunei, Beijing
The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.
Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan
The latest concern threatening regional banks started on Jan. 31, when New York Community Bancorp. reported unexpected fourth quarter loss and a large loan loss reserve against futures losses, due in part to the bank's commercial real estate (CRE) exposure. One worry is that the NYCB credit downgrade could spur ratings agencies to take a closer look at other banks, or cause clients to again pull deposits out of regional banks. Determining exactly how unique NYCB's exposure to commercial real estate is will be a key focus for investors and analysts in coming weeks. A note on Wednesday from Wolfe Research analysts focused on banks and commercial real estate showed that regional banks have in general reduced their commercial real estate exposure over the past 15 years.
Persons: NYCB, Ian Lyngen, hasn't, Lyngen, D.A, Davidson, Peter Winter, Winter, Macrae Sykes, Banks, They're, Sykes, Wells Fargo, Jerome Powell, Bond, Tom Fitzpatrick, RJ O'Brien, Fitzpatrick, — CNBC's Michael Bloom Organizations: Investors, New York Community Bancorp, Moody's, Street, Silicon Valley Bank, BMO, Treasury, Wolfe Research, UBS, Gabelli, CNBC Locations: Silicon, Wells
The bank announced earlier on Wednesday that it had appointed DiNello, formerly the president of Flagstar Bank, to the position effective immediately. The bank holds total deposits of approximately $83 billion, the lender said in a statement Tuesday evening. US banks hold about $2.7 trillion in commercial real estate loans. But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. The increase was driven partly by expected losses on commercial real estate loans, it said.
Persons: ” Alessandro DiNello, DiNello, NYCB, , weren’t, Fitch, Thomas Cangemi, ” DiNello, Goldman Sachs, Moody’s, Neel Kashkari, ” Kashkari, he’s, Janet Yellen, , Yellen, “ I’m, ” Yellen Organizations: New, New York CNN —, New York Community Bancorp, Moody’s Investors Service, Flagstar Bank, Bank, Moody’s, JPMorgan, Signature Bank, Silicon Valley, Regulators, Federal, Community Bancorp, CNBC, Financial Locations: New York, Flagstar, New, Minneapolis
Read previewClaudia Sahm, the former Federal Reserve economist who developed the Sahm Rule recession indicator, believes the US economy will likely avoid a downturn this year. We solved the labor shortage by getting more labor," Sahm said. "The foreign-born labor force has made a disproportionate contribution to reducing the jobs-workers gap. This has been driven by two factors: above-trend immigration growth and greater foreign-born labor force participation," said Jan Hatzius, the chief US economist at Goldman Sachs, in an August 2023 client note. "Growth in the foreign-born labor force has accelerated by 50k to 160k per month this year, lifted by a surging foreign-born labor force participation rate," Hatzius added.
Persons: , Claudia Sahm, Sahm, doesn't, Jan Hatzius, Goldman Sachs, Hatzius, Jerome Powell, Powell Organizations: Service, Federal Reserve, Business, National Bureau of Economic, US, Labor, Board, Bureau of Labor Statistics, Fed Locations: flatlining
The pair officially divorced in October, though the restraining order is the latest in a series of flare-ups between the former couple as they navigate their contentious split. The judge's order Friday for a temporary restraining order, which could be made permanent at a hearing on Thursday, also included protections for the couple's three younger sons. He also accused his ex-wife of using the restraining order to "justify" her move to a new congressional district. Lauren Boebert was not present during that altercation. Jayson Boebert did not directly respond to specific questions about the January 9 incident in the text messages to the AP.
Persons: , Lauren Boebert, Jayson, Jayson Boebert, Boebert, he's, Lauren, Donald Trump Organizations: Service, Business, Denver Post, Garfield County Sheriff's, Associated Press, Republican, AP Locations: Colorado, Garfield County, Windsor
AdvertisementThe Bay Area took the lion's share of capital raised on Carta in 2023, followed by Boston, then New York. AdvertisementAccording to Carta data, select metro areas saw the total early-stage funding raised decline by at least a third from 2022 to 2023. Yet early-stage funding was only down 24% in Boston, however, the smallest decrease of the metro areas that Carta tracks. According to Carta data, about $2.6 billion of capital raised in biotech flowed to Boston startups last year. Beyond biotechThe Carta data shows Boston also had strong showings across investment in software-as-a-service and hardware.
Persons: , Zach Weinberg, Roche, Carta, Founders, that's, Rudina Seseri, Seseri, Peter Walker, Michael Greeley, Greeley, Mark Castleman, Castleman, Clement Cazalot, Cazalot, Walker Organizations: Service, Massachusetts Turnpike, Partners, Business, Carta, Boston, East Coast, Companies, Area, Flare Capital Partners, pharma, Intel Ignite, Glasswing Ventures, Founders, Machinery, Pritzker Group, Armory Square Ventures, Way Ventures, Klaviyo's, New York Stock Exchange Locations: Boston, New York City, East, Boston , Cambridge, Newton , Massachusetts, Newark, Jersey City , New Jersey, New York, San Francisco, Bay, France, Copley
BEIRUT (AP) — A drone attack on a base housing U.S. troops in eastern Syria killed six allied Kurdish fighters late Sunday, in the first significant attack in Syria or Iraq since the U.S. launched retaliatory strikes over the weekend against Iran-backed militias that have been targeting its forces in the region. The U.S.-backed, Kurdish-led Syrian Democratic Forces said Monday the attack hit a training ground at al-Omar base in Syria’s eastern province of Deir el-Zour and accused “Syrian regime-backed mercenaries” of carrying out the attack. In late January, a drone attack by the same group killed three U.S. troops and wounded dozens more at a desert base in Jordan. The U.S. military launched dozens of retaliatory strikes targeting Iran-backed militant groups in western Iraq and eastern Syria and also struck the Houthis in Yemen. The attack late Sunday came two days after the U.S. military carried out strikes against militant targets linked to Iran in Syria and Iraq.
Persons: Omar, , Sunday’s, Samy Magdy Organizations: Syrian Democratic Forces, Human Rights, SDF, Sunday, U.S, U.S . Central Command, U.S . Navy, Britain, Associated Press Locations: BEIRUT, Syria, Kurdish, Iraq, U.S, Iran, The U.S, al, Deir el, Jordan, Yemen, Israel, Britain, Red, Cairo
SILT, Colo. (AP) — U.S. Rep. Lauren Boebert now has a temporary restraining order against her ex-husband after accusing him of threatening to harm her and entering the family's home without permission, the latest in a series of flare-ups between her and Jayson Boebert. The judge's order Friday for a temporary restraining order, which could be made permanent at a hearing on Thursday, also included protections for the couple's three younger sons. Jayson Boebert said he’s just learning of the restraining order. Lauren Boebert was not present during that altercation. Jayson Boebert did not directly respond to specific questions about the Jan. 9 incident in the text messages to the AP.
Persons: Lauren Boebert, Jayson Boebert, Boebert, Donald Trump, he’s, Lauren, Jan Organizations: — U.S ., Republican, Associated Press, AP Locations: Colo, Colorado, Windsor
I was diagnosed with breast cancer and had a double mastectomy a year ago at the age of 34. I was unprepared for how I'd feel about my body afterwards and how long it would take to heal. AdvertisementI had a double mastectomy a year ago after learning I had breast cancer at the age of 34. I'm trying to go easier on myself when I experience them. It's something I've been trying to remember as I'm starting to dig myself out of the funk I've been in.
Persons: , I've, it's, who'd, I'm Organizations: Service
“The CCP’s dangerous actions, China’s multi-pronged assault on our national and economic security, make it the defining threat of our generation,” Wray said. Xi promised Biden China wouldn’t interfere in the 2024 presidential election at that meeting, CNN reported exclusively this week. The high-level diplomatic contacts continued last week when national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Bangkok. “This is the cyberspace equivalent of placing bombs on American bridges, water treatment facilities and power plants,” he said. “If you have a cyberattack on that sort of technology, it could affect all signals at once,” Geddes said.
Persons: Christopher Wray, Rick Geddes, , Wray, Xi, ” Wray, Joe Biden, Biden, Biden China wouldn’t, Jake Sullivan, Wang Yi, Donald Trump, Kevin McCarthy, Mike Gallagher of, Raja Krishnamoorthi, Paul Nakasone, Gallagher, Geddes, ” Geddes Organizations: CNN, Cornell, Chinese Communist Party, Communist Party, CCP, South China, , Capitol, Republican, Democrat, US Cyber Command, Locations: Washington, Beijing, United States, China, Taiwan, South, Xi Jinping’s China, California, Biden China, Bangkok, Mike Gallagher of Wisconsin, Illinois
Cohere Health just landed $50 million in Series B extension funding, Business Insider has learned exclusively. Deerfield Management led the Series B extension, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners. The Cohere Health team. This year, as it works to get more health plans to use its software, Cohere plans to grow its workforce. In the second quarter of this year, Cohere plans to announce software that will apply AI to medical imaging.
Persons: Siva Namasivayam, Cohere, Axios, Namasivayam, It's, Michael Greeley, Lynne Chou O'Keefe, Greeley, Cohere's Organizations: Cohere, Business, Deerfield Management, Define Ventures, Flare Capital, Longitude, Polaris Partners, Humana, Capital Partners, Cohere Health Locations: Deerfield, Cohere
Read previewFBI Director Christopher Wray warned that Chinese hackers are targeting critical US infrastructure in a bid to potentially "wreak havoc" on the lives of ordinary Americans in testimony to Congress. Speaking to the House Select Committee on the Chinese Communist Party on Wednesday, Wray said that China is seeking to infiltrate electrical grids, water treatment plants, oil and gas networks, and transport systems. AdvertisementWray's testimony comes after the Justice Department announced that it had disrupted a group of Chinese hackers who infiltrated old routers belonging to private citizens and small businesses. The sole purpose is to be ready to destroy American infrastructure, which would inevitably result in chaos, confusion, and potentially mass casualties." The House select committee Wray testified to was created to counter the intensified threat posed by China, a rare example of bipartisan consensus amid Washington's stark partisan divides.
Persons: , Christopher Wray, Wray, They're, Joe Biden, Xi Jinping, Mike Gallagher Organizations: Service, Chinese Communist Party, Business, Justice Department, FBI, CNN Locations: China, San Francisco, Taiwan, Ukraine, South China, Wisconsin
This upgrade can perk up your eating in the new year
  + stars: | 2024-01-29 | by ( Casey Barber | ) edition.cnn.com   time to read: +6 min
What’s a grocery upgrade? bhofack2/iStockphoto/Getty ImagesI consider a grocery upgrade to be a small splurge, not a big investment. Here are some examples of how I upgrade my grocery list when I need a pick-me-up. It’s my least favorite winter task, so I choose to reward myself with a grocery upgrade for getting the job done. Canned clams are a pantry staple for me as well since I love to keep them on hand for a quick dinner of one-pot clam pasta and clam chowder.
Persons: it’s, I’ve, I’m, Mikhail Rudenko, I’ll, there’s, Casey Barber Organizations: CNN Locations: crumbly Vermont, Thai
The sun has a big year in 2024, starting with a total solar eclipse across the US. NASA's Parker Solar Probe will fly closer to the sun than any spacecraft ever, almost landing on it. One of the main events this year will be a historically cool total solar eclipse crossing the US in April. AdvertisementIn a total solar eclipse, the moon passes in front of the sun as seen from Earth, darkening the sky. For example, NASA is launching three rockets during the April total solar eclipse, loaded with instruments to study how the sudden darkness changes our upper atmosphere.
Persons: NASA's Parker, , It's, Rodrigo Garrido, Rune Stoltz Bertinussen, Kelly Korreck, Connie Moore, NASA's, Nour Raouafi, Johns Hopkins, Steve Gribben, Raouafi, That's Organizations: Probe, Service, American Geophysical Union, Reuters, NASA, Parker Locations: San Francisco, Northern, Arizona, Australia, New Zealand, South America, Tromso, Norway
Tookes told BI it was an ivory fit-and-flare gown with a sweetheart necklace and a sheer bodice. "I was super excited they had brown," she said, as the darker shade would be a better fit for her skin tone. "You're telling me that it's free to be white, but if my bride has a different skin tone than white, she has to pay extra money to get an undergarment to match her skin tone?" How fucked is that that in 2024, the 'standard,' which is free, is a 'nude skin tone?'" "I really don't want to wear a dress that stands for charging someone more off the basis of their skin tone," Tookes said.
Persons: , Tessa Tookes, Joey Kirchner, Tookes, Kirchner, Joey Kirchner Tookes didn't, she'd, Joey, I'm, she's, TikTok Organizations: Service, Paradise :, Business, Tookes Locations: Paradise, Paradise : Canada, Ontario, New York City
Russia appears to have put decoy flares on its cruise missiles, a world first. AdvertisementRussia appears to be putting decoy flares on its cruise missiles to reduce how often Ukraine successfully shoots them down. A video at the end of December appeared to show a Russian Kh-101 cruise missile using decoy flares during an attack. Ballistic missiles, which are typically faster than cruise missiles and can have larger warheads, have used such flares in the past. Russia is trying to stop losing missilesRussia has been firing vast numbers of cruise missiles across Ukraine during its invasion.
Persons: , Timothy Wright, Fabian Hoffmann, Hoffmann, It's, JUAN BARRETO, Wright, they'll, William Alberque, Alberque Organizations: Service, International Institute for Strategic Studies, Norway's University of Oslo, Russia, Getty Locations: Russia, Ukraine, Russian, Ukrainian, Bakhmut, Donetsk
ISLAMABAD (AP) — Iran’s foreign minister will visit Pakistan next week, the two countries said Monday, following unprecedented attacks on either side of the border last week that appeared to target Baluch militant groups with similar separatist goals. Iran's state-run IRNA news agency said that Foreign Minister Hossein Amirabdollahian spoke to Pakistani counterpart Jalil Abbas Jilani to defuse the flare-up. Pakistan said in a statement Amirabdollahian that would visit the country on Jan. 29. The statement also said that the two foreign ministers agreed that the ambassadors from both countries could return to their posts by Jan. 26. Pakistan recalled its ambassador amid the brief crisis and stopped Iran’s envoy from returning to his post.
Persons: , Hossein Amirabdollahian, Jalil Abbas Jilani, Jan Locations: ISLAMABAD, Pakistan, Iran, Iran's
The long wait between S & P 500 all-time highs is a friendly factor for forward performance, as far as historical observations go. John Kolovos of Macro Risk Advisors says, "It is OK to be bullish on the stock market (S & P 500) just not the market of stocks (everything else)," from a trend-following perspective. Barry Knapp of Ironsides Macroeconomics calculates that the equal-weight S & P is one standard deviation cheap versus the market-cap-weighted index. Remarkably, the S & P 500 first pushed above 19-times forward earnings exactly four years ago, right before the Covid crash. Well, the S & P 500 has delivered an annualized total return near 11% in the four years since.
Persons: Ned Davis, Wayne Whaley, Whaley, I've, haven't, John Kolovos, Barry Knapp, Knapp, USTs, it's, hasn't Organizations: Ned Davis Research, Foresight, Federal, noncommittal, Nvidia, Nasdaq, Deutsche Bank
(Reuters) - The scale of NATO's Steadfast Defender 2024 exercises mark an "irrevocable return" of the alliance to Cold War schemes, Russia's Deputy Foreign Minister Alexander Grushko told the state RIA news agency in remarks published on Sunday. "These exercises are another element of the hybrid war unleashed by the West against Russia," Grushko told RIA. "An exercise of this scale ... marks the final and irrevocable return of NATO to the Cold War schemes, when the military planning process, resources and infrastructure are being prepared for confrontation with Russia." But its top strategic document identifies Russia as the most significant and direct threat to NATO members' security. Moscow, and its chief diplomat Foreign Minister Sergei Lavrov, have since often accused "the collective West" of conducting a "hybrid war" against Russia by backing Ukraine through financial and military aid.
Persons: Alexander Grushko, Grushko, Sergei Lavrov, Lidia Kelly, Jamie Freed Organizations: Reuters, NATO, West, Russia Locations: Russia, Ukraine, Kyiv, Moscow, Melbourne
YOGYAKARTA, Indonesia (AP) — Indonesia’s Mount Merapi erupted Sunday, spreading searing gas clouds and avalanches of lava down its slopes as other active volcanoes flared up across the country, forcing the evacuation of thousands. A column of hot clouds blasted 100 meters (about 109 yards) into the air as ash blanketed several villages without casualties, he added. Merapi is the most active out of more than 120 volcanoes across the country. Also on Sunday, Mount Marapi in West Sumatra province erupted again, its third biggest flare-up this month, albeit without discharging lava. In December 2021, Mount Semeru, the highest volcano on Java island, erupted, leaving 48 people dead and 36 missing.
Persons: Agus Budi Santoso, Mount Lewotobi Laki, Mount Semeru, Niniek Karmini Organizations: Technology Research, Development, Volcanology, Mount, Associated Press Locations: YOGYAKARTA, Indonesia, Merapi, Java, Yogyakarta, East Nusa Tenggara, Marapi, West Sumatra, Semeru, East Java, North Maluku, Jakarta
Palestinians on social media are a window into the warLike millions of others around the world, Noor is witnessing the war in Gaza through the eyes of Palestinians who are sharing their daily realities on social media. Eyewitness accounts on social media are critical in understanding global conflicts, including past flare-ups between Israelis and Palestinians. Before October 2023, Azaiza had about 25,000 Instagram followers, according to the social media analytics firm Social Blade. Now watching from afar in Melbourne, she’s the one refreshing her social media feeds and anxiously texting relatives, friends and colleagues to make sure they’re safe. Mark Kerrison/In Pictures/Getty ImagesEven as people flock to learn from and support these Palestinians on social media, Noor says the exchange is overshadowed by feelings of powerlessness.
Persons: Motaz Azaiza, Azaiza, , ” Noor, she’s, Noor, He’s, , It’s, , , Leyla Hamed, Kanwal Ahmed, They’ve, Bisan Owda, hasn’t, Ahmed, Young, Hind Khoudary haven’t, “ Everyone’s, ” Ahmed, Zaina Arafat, Mark Kerrison, Marwa Fatafta, Clarissa Ward, Mohammed el, Sheikh Jarrah, Owda, Hind Khoudary, Plestia Alaqad, ” Alaqad, Alaqad, “ It’s, Sheikh Zayed Al, Hind, Syed Faizan Raza, Wael Al, Hamza Al, Mustafa Thuraya, Ahmad Hasaballah, Ismail al Dahdouh, ” Owda, Fatafta, ” Fatafta, She’s Organizations: CNN, Images Israel, European, Palestinian Ministry of Health, Reuters, Agence France, Presse, Israel Defense Forces, Getty, Gaza’s, Committee, Protect Journalists, Reporters, Palestinian, Israel, Quinnipiac University Locations: Gazan, Deir, Gaza, Israel, California, Noor isn’t, Iraq, London, Toronto, Palestinian American, Brooklyn, Instagram, European Union, Ramallah, East, North Africa, Egypt, Palestinian, East Jerusalem, Palestine, Australia, Melbourne, Sheikh Zayed Al Nahyan, Al, Gaza City, Anadolu, Gaza’s Old City, Islamabad, , Jazeera, Rafah
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