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Now you’ll tell me that’s wishful thinking …. Gail: Hey, in our current political climate, there are worse things than wishful thinking. And we do have a likely Republican nominee who’s under indictment for virtually every nonviolent crime on the books except double parking. I keep thinking Tim Scott is campaigning hard for that job, although now he has suspended his campaign. You’ve got better Republican insight — see anybody on the stage you could imagine on Trump’s ticket?

Persons: Bret, Ramaswamy, Red Bull, Gail, Natasha Frost, Donald Trump, Haley, She’s, won’t, he’ll, who’s, Trump, Tim Scott, You’ve Organizations: HAL, Trump, Republican Locations: Australia, New Hampshire, South Carolina

☆ Opinion | Israelis Were Shattered on Oct. 7. Can They Recover?
▼ + stars: | 2023-11-10 | by ( Bret Stephens | ) www.nytimes.com time to read: +4 min

Israelis spent 18 years watching Hamas turn to its military advantage every Israeli concession — including free electricity, cash transfers of Qatari funds, work permits for Gazans, thousands of truckloads of humanitarian goods. But while Israelis are still processing the horror from the south, the threat of war looms on every side. Bezalel Smotrich, the far-right finance minister, has even suggested effectively banning the Palestinian olive harvest, ostensibly for security reasons. In Turkey, President Recep Tayyip Erdogan, with whom Israel had been engaged in a careful rapprochement, has reverted to Islamist form. To many Israelis, there’s a distinct echo of what happened at German universities beginning about a century ago.

Persons: Will, won’t, Camp Iftach, Bezalel Smotrich, Vladimir Putin, Netanyahu, Recep Tayyip Erdogan, Israel, ”, It’s, ” Einat Wilf Organizations: West Bank, Palestinian Authority, Super, Harvard, Labor Party Locations: Israel, Gaza, Metula, Lebanon, Jenin, Nablus, Iran, China, Turkey, ”, West, Berlin, Sydney, Australia

Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.

Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Plug Power, Toast BJ's, Arm, Occidental & more
▼ + stars: | 2023-11-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."

Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S

☆ Opinion | For America’s Jews, Every Day Must Be Oct. 8
▼ + stars: | 2023-11-07 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

There ought to be a similar sign in every Jewish organization, synagogue and day school, and on the desks of anyone — Jewish or not — for whom the security and well-being of the Jews is a sacred calling: “Every day is Oct. 8.”What was Oct. 8? It wasn’t just the day after the single greatest atrocity against Jews since the Holocaust, an atrocity whose details were impossible to miss because the perpetrators made sure to film them. It was the day when that atrocity was celebrated. On Oct. 8, Jews woke up to discover who our friends are not. Let’s be clear: They and their sibling groups are being used as Jewish beards for aggressive antisemites.

Persons: —, George Floyd’s, paragliders, isn’t Organizations: Jewish, New Locations: Tehran, Manhattan, allyship

Gail Collins: Bret, I know you’re busy writing about your reporting trip to Israel, and I am looking forward to reading all your thoughts. (I guess that’s another definition for the term “manspreading.”) On the economy, voters prefer Trump over Biden by a 22-point margin. And a whopping 71 percent think Biden is too old to be president, as opposed to just 39 percent for Trump. As a matter of law, I think Trump belongs in jail. Gail: I know Trump appears more energetic, but he’s really only a whole lot louder.

Persons: Gail Collins, Bret, gee, Donald Trump, Bret Stephens, Trump, Biden, Pennsylvania —, Gail, Whimper, I’ve, he’s, Alex Honnold, Garry Kasparov, “, Dean Phillips, Kamala Harris, Lloyd Austin, I’m, Harris, —, she’s, Michael Bender, Michael Gold, Trump’s, disjointedness ”, Bomba of, That’s, Josey Wales, Justice Department —, They’re, He’d, George H.W, George H.W . Bush, Jimmy Carter, Gerald Ford, heedlessly, What’s, — Biden, He’s, trounce Trump, Gretchen Whitmer, Josh Shapiro, Jared Polis, Wes Moore …, Hope, you’re, Tommy Tuberville, Tuberville, Lindsey Graham, Chuck Schumer, Rashida Tlaib, Tlaib, Israel, She’s, Biden “, Marjorie Taylor Greene, Taylor Greene, let’s, Hissss, Alex P, Keaton, we’ve, nobody’s, Nikki Haley, you’ve, Adrienne Rich, It’s, ”, Haley’s Organizations: Times, Black, —, Women, Biden, Trump, Josey, Justice Department, Bret, Republican Locations: Israel, Siena, Yow, Arizona, Georgia, Michigan, Nevada, Pennsylvania, Wisconsin, Ukraine, Minnesota, George H.W ., America, Gaza, flopping

But on that winter night in 1985 even Knight's mother, Hazel, sensed something was different as she watched the scene. In the years following the chair-throwing game, former players told stories of Knight's practices, with some alleging physical, verbal or emotional abuse. The chair stopped near the sideline and Reid helped retrieve it, linking him with Knight for college basketball eternity. Longtime public address announcer Chuck Crabb had the unenviable task of telling fans Knight had been ejected. "I get up, and I'm up and down a lot, and one time I'm standing up and I looked across the floor and (hear) 'Coach Knight?'"

Persons: Bob Knight, Knight, nonchalantly, Steve Reid, Pat, Hazel, Bobby, John Feinstein, Reid, speck, ‘, Bob, Chuck Crabb, Crabb, Pat Keady, Everett Stephens, Wayne Duke, Dan Dakich, Lou Henson, David Feherty, David Letterman’s Organizations: Indiana, Purdue, Boilermakers, Texas Tech, NCAA, Associated Press, Big, ESPN, Channel Locations: BLOOMINGTON, Ind, Soviet Union

☆ U.S. back racking up gold while Pan Am Games problems mount
▼ + stars: | 2023-10-30 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

Problems began early on Sunday when it was discovered the route for the women's 20 kilometre race walk won by Peru's Kimberly Garcia was nearly three kilometres short. After hitting the pause button the United States gold medal machine was back in gear on Sunday adding seven to their total. The Americans opened the Games piling up 59 gold over the first five days but managed just two over the next three. The U.S. also won three of the six gold on offer at the canoe slalom while the other three went to Brazil. Brazil finished the day claiming the gold in women's handball beating their great rivals Argentina 30-18 and in women's basketball with a 50-40 win over Colombia.

Persons: Ashley Twichell, Brazil's Ana Marcela Cunha, Brazil's Viviane, Pan, Peru's Kimberly Garcia, Garcia, Ana Marcela Cunha, Brennan Gravley, Twichell, Lauren Stephens, Ecuador's Jhonatan Narvaez, Steve Keating, Michael Perry Organizations: Santiago, Lima Pan Am, Pan American Athletics Association, Vina, Brazil's Tokyo, U.S, Pan Ams, Guadalajara Games, U.S . Olympic, Tokyo Games, Argentina, Colombia, Thomson Locations: Morros, Santiago, Chile, SANTIAGO, United States, Lima, Brazil, Mar, Paraguay, States, U.S, Mexico, Paris

☆ Stocks like Rivian are a table-pounding buy ahead of earnings, analysts say
▼ + stars: | 2023-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There are a slew of top stocks to buy this earnings season, analysts say. CNBC Pro combed through the latest Wall Street research to find the most well-positioned stocks heading into earnings. The firm added a tactical outperform rating to the name, saying Roku shares are too attractive to ignore. However, that doesn't mean investors should bail on the stock, the analyst said, adding a beat is very likely. VF Corporation Buy shares of the undervalued retail clothing company, Guggenheim analyst Robert Drbul wrote recently.

Persons: Shweta Khajuria, Khajuria, Roku, Jim Salera, Salera, Robert Drbul, Drbul, Bracken Darrell, Benno Dorer, Utz, Stephens, …, Cantor Fitzgerald Organizations: CNBC, VF Corp, Roku, Guggenheim, Logitech, Corp, ISI Locations: LSEG

☆ Opinion | A Plan to Defeat Hamas and Avoid a Bloodbath
▼ + stars: | 2023-10-27 | by ( Bret Stephens | ) www.nytimes.com time to read: +6 min

Hamas’s master plan, as Bennett sees it, is roughly as follows: Provoke, via its gruesome massacres on Oct. 7, a massive Israeli ground invasion. Already, nearly 800,000 Gazans have fled from north to south, despite efforts by Hamas to keep them in place. “They’re asking for fuel not for their citizens but for their tunnels,” which are used exclusively by Hamas fighters and their allies. “I don’t want to get into a Viet Cong-type war of tunnels,” Bennett says. But the question isn’t whether Bennett’s plan is perfect or if there are gaps to fill.

Persons: Bennett, Khan Younis, They’re, ” Bennett, “, ”, Yasir Arafat, Biden, There’s, David Petraeus Organizations: Force, Israel, Hamas, West Bank, ISIS, Palestinian Locations: Jerusalem, Gaza, Gaza City, Israel, Viet, Iraq, Syria, Algeria, Qatar, Beirut, Lebanon, Tunisia, Kosovo

☆ ‘The Reformatory’ Turns the Lingering Impact of Racism Into Literal Ghosts
▼ + stars: | 2023-10-27 | by ( Randy Boyagoda | ) www.nytimes.com time to read: +3 min

As an incentive, he promises Robert an early release if he succeeds in capturing them. Ghost-catching proves easier, at least initially, than the daily grind confronted by Robert’s school friends and foes, all of whom have their own tragic back stories. “You’re not the only one in trouble,” the ghost of a slaughtered young Black man reminds him. This concentrated attention sharpens the suspense; we’re tightly focused on the questions: Will Robert survive, and if so, what will it take? His transformation tracks the novel’s own capacity to be, at once, a supernatural historical novel and a straight-up page-turner.

Persons: Boone, Robert, ”, Haddock, “ You’re, Octavia E, Butler, Robert Stephens, “, Will Robert Organizations: Dozier School for Boys Locations: Marianna, Fla

☆ Opinion | The Palestinian Republic of Fear and Misinformation
▼ + stars: | 2023-10-24 | by ( Bret Stephens | ) www.nytimes.com time to read: +5 min

As with many other Palestinian journalists, Said’s primary source of income was working with foreign reporters as a “fixer,” someone who could arrange difficult meetings, translate from Arabic, show you around. Said had an independent streak and he was no fan of Yasir Arafat, which made him particularly helpful in cutting through the Palestinian Authority’s propagandistic bombast. With Said, I interviewed senior Hamas leaders in Gaza, officials in Ramallah, retired terrorists in Nablus, political dissidents in Jenin and construction workers in Hebron. The Palestinian territories, by contrast, are republics of fear — fear of the Palestinian Authority in the West Bank and of Hamas in Gaza. During the first major Israel-Hamas war, in 2008 and 2009, Palestinian groups claimed the death toll was mostly civilian, with roughly 1,400 people killed.

Persons: Said, Yasir Arafat, ”, I’ll, Gaza’s Shifa, Hani al, Agha, Israel, — Organizations: Street, Palestinian Authority, Hamas, West Bank, Palestinian Journalists Syndicate Locations: Palestinian, Gaza, Ramallah, Nablus, Jenin, Hebron, Israel, Gaza’s, Pyongyang, —

☆ Opinion | Israel’s Moral and Political Dilemmas
▼ + stars: | 2023-10-23 | by ( ) www.nytimes.com time to read: +4 min

But nowhere does he mention the deep visceral hatred of Hamas and associated groups toward Israel. It was always apparent that not long after the Oct. 7 massacre Israel would lose the public relations war. Israel does not deliberately target civilians. No serious defender of Israel’s response to the Oct. 7 massacres argues that the lives of Israeli children are worth more than those of Gazan children. Hamas would be considered “heroes” in the eyes of most of the world and its leadership would have attained political legitimacy.

Persons: Thomas L, Friedman, Friedman’s, ”, Alan Metz, Nicholas Kristof, Mr, Kristof, Israel, Kristof’s, Yishai Schwartz, Re, Bret Stephens, Marc Bloom Princeton Organizations: Winer Tel, West Bank, Hamas, Re “ Hamas Bears Locations: Israel, Winer Tel Aviv, Gaza, Hill, N.C, Bina Westrich Teaneck, N.J, Frankfurt

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Meta, Utz, Roku, Walgreens, Spotify & more
▼ + stars: | 2023-10-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bernstein upgrading Spirit AeroSystems to outperform from market perform Bernstein said it's bullish on the company's turnaround opportunity. Evercore ISI adds a tactical outperform on Roku Evercore said it sees an attractive entry point for the stock. Evercore ISI reiterates Meta as outperform Evercore said Meta estimates seems reasonable heading into earnings later this week. JPMorgan upgrades Walgreens to overweight from neutral JPMorgan said Walgreens shares are in a "new era." Stephens upgrades Utz to overweight from equal weight Stephens said it sees an attractive entry point for Utz shares.

Persons: TD Cowen, Bernstein, it's bullish, Pat Shanahan, Evercore, hasn't, Piper Sandler downgrades Salesforce, Piper, Wells, Stifel, William Blair, Tim Wentworth, Moffett, Stephens, Morgan Stanley, Apple, Max Organizations: Spotify, Citi, Diamondback Energy, Diamondback, HSBC, Marriott, Bank of America, Alcoa, 2024E, Edison, UBS, Waste Management, Republic Services, Amazon, JPMorgan, Walgreens, WBA, Apple Locations: OKTA, PCG, OW, Wells Fargo

☆ These stocks are trying to solve a major shortcoming of weight loss drugs: Shrinking muscle mass
▼ + stars: | 2023-10-22 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

One of the downsides of taking new anti-obesity medications is that patients tend to lose lean muscle mass along with body fat. "This is a major shortcoming in terms of not just quality of life for the patients who have to lose lean muscle mass, but there's actually room to improve on the weight loss and there [are] other metabolic benefits to improving your lean muscle mass ... [including] you might have better durability of weight loss." The drug is being tested in a phase 2b study alongside semaglutide to protect against loss of muscle mass. Until then, patients will need to watch what they eat and focus on exercise just as they would on any other weight loss regimen. When that occurs, muscle loss will be an even bigger issue than it is now.

Persons: Piper Sandler, Allison Bratzel, there's, Bratzel, Versanis, Eli Lilly, Eli Lilly's Mounjaro, they're, Lydia Alexander, Alexander, Sandler's Bratzel, incretins, Biohaven, Nestle, Ulf Mark Schneider, Jeff Jonas, Jonas, Stephens, Jim Salera, Atkins, Morgan Stanley, — CNBC's Michael Bloom Organizations: Wall, Nordisk's Ozempic, Obesity Medicine Association, Bristol Myers Squibb, Nestle, Gabelli, Quest, Foods Locations: Swiss

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

Oct 20 (Reuters) - Shares of mid-sized U.S. banks fell on Friday after a string of earnings reports heightened investor concerns that the boost to lenders from the Federal Reserve's interest rate hikes was tapering off. Regions Financial (RF.N) dropped to the lowest level since March, when an industry crisis began following an outflow of deposits that engulfed three banks. The lender, shares of which were last down 11% at $14.71, said it expects net interest income (NII) in the fourth quarter to decline about 5% from current levels. Huntington Bancshares' (HBAN.O) stock dipped 1.3%, while Comerica (CMA.N) dropped 6.6%, dragging down the S&P 500 Banks index (.SPXBK) by 2.1%. Huntington Bancshares posted an 8% drop in third-quarter profit as interest income declined.

Persons: Wells, Mike Mayo, Mayo, Terry McEvoy, Huntington Bancshares, NII . Huntington Bancshares, Jaiveer Singh, Shilpi Majumdar Organizations: Regions, Regions Financial, Reuters, Stephens, Comerica, Third Bancorp, Thomson Locations: NII ., Bengaluru

☆ What Joe Biden Did Right on Israel and Hamas - The New York Times
▼ + stars: | 2023-10-17 | by ( Bret Stephens | ) www.nytimes.com time to read: +3 min

That the massacres were “pure, unadulterated evil.” That there is “no excuse” for what Hamas did. Four days after the Hamas attacks, Trump also called Hezbollah, without reprobation, “very smart.” About Vladimir Putin, he said, “I got along with him very good.”Very good. Now Biden is going to Israel. That path is a long one, but Biden gets the big thing right — the former is the basic precondition for the latter. No Israeli leader can ever allow a Palestinian state to exist if a group like Hamas has even the whisper of a chance of gaining power.

Persons: “, ”, Israel, Donald Trump’s, Netanyahu —, Biden, Trump, Vladimir Putin, It’s Organizations: Hamas, Trump, Republican Locations: Israel, United States, Palestinian

[1/2] A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration/File Photo Acquire Licensing RightsOct 13 (Reuters) - UnitedHealth (UNH.N) reported a third-quarter profit on Friday ahead of analysts' estimates, helped by a lower-than-feared rise in medical costs at the company's health insurance unit. UnitedHealth's profit beat and slight raise in annual forecast set the stage for other insurers in the industry that suffered a nearly $60-billion wipeout in market value in June, on fears of a spike in medical costs. UnitedHealth said in July it expects quarterly medical costs to be "a little bit lower" sequentially. In the third quarter, the company's medical loss ratio, the percentage of spend on claims compared to premiums collected, was 82.3%, versus 83.2% in the second quarter.

Persons: Lucy Nicholson, Stephens, Scott Fidel, UnitedHealth, Mariam Sunny, Bhanvi, Shounak Dasgupta Organizations: REUTERS, Humana, Thomson Locations: COVID, Bengaluru

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Dollar General, Amazon, Meta, SolarEdge & more
▼ + stars: | 2023-10-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

HSBC initiates American Express as buy HSBC said it sees healthy earnings growth for American Express . Mizuho reiterates Meta as buy Mizuho said it's standing by its buy rating heading into earnings later this month. Bernstein reiterates Tesla as underperform Bernstein concluded in an analysis of Tesla that the company is more of an automaker than a tech company. Barclays upgrades Varonis Systems to overweight from equal weight Barclays said it sees numerous positive catalysts ahead for the software company. Northland upgrades SolarEdge to outperform from market perform Northland said investors should buy the dip in shares of SolarEdge .

Persons: Cowen, NVDA, Mizuho, Stephens, Bernstein, Tesla, underperform Bernstein, Warren Buffett, Hershey, Morgan Stanley downgrades JD.com, Morgan Stanley, Gordon Haskett, Todd Vasos, Jeff Owen, Read, Wolfe, today's, Baird, Needham, Oppenheimer, Wells, LULU, Meghan Frank, Howard Tubin Organizations: HSBC, American, American Express, Bank of America, Nvidia, Meta, Barclays, Varonis, Hershey, JPMorgan, Post Holdings, Netflix, Citi, Oshkosh, Lam Research, Materials, Supply, VP Locations: 4Q22, Northland, SolarEdge, Israel, California

☆ Here are Wednesday's biggest analyst calls: Nvidia, Boeing, SoFi, Netflix, Apple, Cava, Walmart and more
▼ + stars: | 2023-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades Shoals to buy from neutral Goldman Sachs said the solar company is very attractive. Morgan Stanley upgrades Cava to overweight from neutral Morgan Stanley said it's gaining confidence in the restaurant chain. JPMorgan upgrades CSX to overweight from neutral JPMorgan said rail concerns have already played out. JPMorgan upgrades Iris Energy to overweight from neutral JPMorgan said the bitcoin mining company is "best-in-class." JPMorgan initiates CleanSpark as overweight JPMorgan said the bitcoin miner offers "relative value."

Persons: Goldman Sachs, Wells, Wells Fargo, TD Cowen, Cowen, Stephens, Raymond James, it's bullish, Morgan Stanley, Cava, it's, UBS downgrades Morgan Stanley, Oppenheimer, Needham, Robinhood, MAUs, Truist, Piper Sandler, JPMorgan, Mizuho, SoFi, SOFI, Leerink, Apple Organizations: Netflix, JPMorgan, CSX, Nvidia, Iris Energy, Energy, UBS, Boeing, Oppenheimer downgrades Texas, Texas, Qs, Logistics, Amazon, Arista Networks, Barclays, Ball Corporation, Apple, Walmart, Deutsche Bank, Cboe Locations: CAVA, OW, U.S, China, ANET, SoFi

☆ This bank just hiked its 1-year CD rate to a fresh high
▼ + stars: | 2023-10-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Stashing money in safe assets is paying off — and another bank has just hiked the yield it pays on a 1-year certificate of deposit. LendingClub bumped the annual percentage yield on its 1-year CD to 5.65%, an increase of 15 basis points. That places LendingClub's 1-year CD some 55 basis points above the median CD peer rate, according to an analysis by Stephens, and it makes the bank's offering the top-paying CD within Stephens' coverage. "Following the market now anticipating a higher for longer rate cycle, we've seen a reversal of the CD rate cuts initiated in September by a few of our online banks," he said. The upside of buying a CD is you get to lock in your rate for the duration of the time you hold the instrument.

Persons: LendingClub, Stephens, Vincent Caintic, Caintic, Banks, — CNBC's Michael Bloom Organizations: Investors, Federal Deposit Insurance Corporation

☆ Floridians are relocating to the center of the state to try to avoid hurricanes — and high insurance premiums
▼ + stars: | 2023-10-08 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementSome Floridians are leaving their coastal homes due to the risk of extreme weather events and increasing insurance premiums —but they aren't going too far. They were happy to move far away from not only the risk of extreme weather events, but also the rising insurance premiums tied to coastal communities. Ocala, Florida John Coletti/Getty ImagesOf course, Ocala is not completely immune to hurricanes, as the Journal noted 2017's Hurricane Irma caused some power outages and flooding. Ocala, Florida Michael Warren/Getty ImagesThe average insurance premiums for Florida residents has tripled in the past five years, according to Insurance Information Institute data collected by the Journal. Danny Collins, who lives in Hobe Sound, Florida, just north of West Palm Beach, previously told Insider his mortgage jumped $1,000 under new insurance premiums.

Persons: —, Courtney Moody, Moody, it's, she's, Ocala , Florida John Coletti, Irma, Jo Anne, Ed Lewis, Bonita Springs . Ocala , Florida Michael Warren, Danny Collins, Bob Stephens Organizations: Ocala, Alpha, Service, Wall Street, Ocala Police Department, Getty, Florida, Insurance, Journal, Farmers Group, West Palm Beach, Dade Locations: Florida, South Florida, Ocala, Orlando, Sunshine, Miami, Ocala , Florida, Bonita Springs, Bonita Springs . Ocala , Florida, Hobe Sound, West Palm, Marathon . Ocala, Marion, Dade County, that's

☆ Britain's Keir Starmer plots painstaking path to power
▼ + stars: | 2023-10-05 | by ( Elizabeth Piper | ) www.reuters.com time to read: +10 min

[1/2] British Labour Party leader Keir Starmer speaks during Prime Minister's Questions, at the House of Commons in London, Britain, May 24, 2023. Hours later, those from the opposition Labour party were summoned by senior members in charge of discipline and ordered to delete the posts and apologise. Welcome to Keir Starmer's Labour Party. "Thanks to Keir Starmer's leadership, voters see a changed Labour Party that is ready to change the country with a mission-driven government," a Labour spokesperson said when asked to comment for this story. 'CORBYN WITHOUT THE MADNESS'Named after the founder of the Labour Party, Keir Hardie, Starmer was brought up in a staunchly left-wing household.

Persons: Keir Starmer, Jessica Taylor, Handout, Gene Simmons, Simmons, Islam, Keir Starmer's, Jeremy Corbyn, we've, Starmer, Tony Blair, Rishi Sunak, Keir Hardie, Charlie Falconer, Claire Ainsley, Olaf Scholz, Australia's Anthony Albanese, Ainsley, Falconer, COVID, Keir, Mark Stephens, Blair, Starmer's, Andrew Cooper, David Cameron, Cooper, David Clarke Organizations: British Labour Party, REUTERS, Labour, Reuters, Keir Starmer's Labour Party, Conservatives, Conservative, Labour Party, Policy Institute, Labor Party, Public Prosecutions, Critics, Board, Police Service, Northern, Human, OF, DPP, of Human, Reigate Grammar, Thomson Locations: London, Britain, Australia, Germany, U.S, Caribbean, Uganda, Reigate

☆ How Wonder Bread has survived competition and the fall of white bread
▼ + stars: | 2023-10-03 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

With an increasingly health-conscious U.S. population and a bread industry that looks immensely different from what it was just a few decades ago, it may come as a surprise that Wonder Bread is still around. In fact, it makes up a sizable portion of its parent company Flowers Foods' overall portfolio, alongside Nature's Own and Dave's Killer Bread, Flowers Foods' two most popular brands. In the first half of the 20th century, white bread accounted for as much as 30% of the American diet. The rise of industrial white bread mirrored World War II-era fears of immigrants, many of whom owned small bakeries at the time. While Wonder Bread has somewhat fallen out of favor, people do still eat white bread, and Wonder Bread remains a profitable part of the Flowers Foods portfolio.

Persons: Nature's, Jim Salera, Stephens, Connor Rattigan, Aaron Bobrow Organizations: Flowers Foods, Foods, Whitman College Locations: Circana

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