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☆ Unusual type of stellar object discovered beaming out radio waves
▼ + stars: | 2023-07-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

In those moments, it became the brightest source of radio waves viewable from Earth through radio telescopes, acting like a celestial lighthouse. The object, dubbed GPM J1839−10, released radio waves every 22 minutes. “The object we’ve discovered is spinning way too slowly to produce radio waves — it’s below the death line,” Hurley-Walker said. “Assuming it’s a magnetar, it shouldn’t be possible for this object to produce radio waves. The intense, millisecond-long bursts of radio waves have unknown origins, but magnetars have been pinpointed as a potential cause.

Persons: Tyrone O’Doherty, ”, Natasha Hurley, Walker, Hurley, ” Hurley, it’s Organizations: CNN —, Curtin University, Curtin, International Centre for Radio Astronomy Research, Giant Locations: Australia, Western Australia, South Africa, India, USA

☆ SEC punts on whether syndicated loans are securities, in closely watched appeal
▼ + stars: | 2023-07-19 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Law firm alerts have gone so far as to call the appeal an “existential threat” to the entire syndicated loan market. The SEC later added to the suspense by requesting two more extensions from the 2nd Circuit, noting the complexity of the issue. On the other hand, any remaining uncertainty will be resolved as soon as the 2nd Circuit issues a ruling. But it’s a good bet that the trustee's lawyers from McKool will urge the 2nd Circuit to read the SEC’s silence as proof of the complexity of the issue. An earlier version incorrectly reported that Judge Michael Park was part of the 2nd Circuit panel that heard oral argument.)

Persons: Cromwell, JPMorgan Chase, Marc Kirschner, Paul Gardephe, Manhattan, Gardephe, McKool Smith, Jose Cabranes, Joseph Bianco, Myrna Perez, ”, Malcolm Stewart, Christopher Johnson, McKool, SEC wouldn’t, Michael Park, Alison Frankel, Leigh Jones Organizations: Sullivan, U.S . Securities, Exchange Commission, U.S, Circuit, SEC, 2nd, JPMorgan, Millennium, U.S . Justice Department, District, Trading Association, Securities Industry, Financial Markets Association, Justice Department, U.S . Treasury Department, Thomson, Reuters Locations: U.S .

☆ Premarket stocks: Bank CEOs are already complaining about new regulations they haven't even seen yet
▼ + stars: | 2023-07-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Investors, worried about the economic atmosphere and the recent regional banking collapse, breathed a sigh of relief at the results. Jamie Dimon, head of JPMorgan Chase, commented on the bank’s Friday earnings call that non-bank financial rivals were “dancing in the streets” as regulators get ready to increase bank capital requirements. “This is great news for hedge funds, private equity, private credit, Apollo, Blackstone,” Dimon said of the proposed regulations. The change, they say, will increase the financial system’s resilience following the failures of three regional banks earlier this year. “The capital in the industry is sufficient,” said Bank of America CEO Brian Moynihan on his company’s earnings call Tuesday morning.

Persons: Jamie Dimon, JPMorgan Chase, ” Dimon, ”, Jeremy Barnum, Barnum, don’t, Brian Moynihan, “ They’ve, Morgan Stanley, James Gorman, Elizabeth Warren, Richard Blumenthal, Tammy Duckworth, Martin Gruenberg, “, Taylor Marr, That’s, they’re, Bryan Mena, Neil Saunders Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, JPMorgan, Blackstone, of America, CNBC, Valley Bank, Signature Bank, Federal Deposit Insurance, Redfin, Retail, Commerce Department Locations: New York, Silicon, Basel, Massachusetts, Elizabeth Warren , Connecticut

☆ Rates surge hits UK wealth, but young people might gain - report
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

But the Resolution Foundation think-tank said younger people could benefit from the partial reversal of the decades-long climb in the value of household wealth. "The future path of interest rates is very uncertain," Ian Mulheirn, Research Associate at the Resolution Foundation, said. "The current surge could be a blip, or herald a new era for the UK. The Resolution Foundation said 2.1 trillion pounds ($2.75 trillion) had been lost in terms of household wealth over the last year after an unprecedented surge in recent decades which took wealth to 17.5 trillion pounds in 2021. Younger people could also feel the benefit of higher rates on their pension savings, the foundation said.

Persons: Ian Mulheirn, Mubin Haq, William Schomberg Organizations: Bank of England, Seven, abrdn, Trust, Thomson Locations: Britain

☆ Americans' wages are finally outpacing inflation. But could it last?
▼ + stars: | 2023-07-16 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. Annual real weekly wages were up 0.6% last month, a rate that’s a tick below the 0.7% gain seen in February 2020. June also marked the second consecutive month of year-over-year real hourly wage growth — the first back-to-back months of gains since early 2021. Fears of a dreaded “wage-price spiral” — when rising wages and prices feed into each other — have made a bogeyman out of wage growth. And finally, supply-side inflation has drastically cooled to the point where annual inflation is practically flat — which, ideally, gives firms more wiggle room to pay workers, she said.

Persons: hasn’t, ’, That’s, ”, William Ferguson, Gertrude B, Austin, it’s, Alex Pelle, “, Sung Won Sohn, Ben Bernanke, ” Pelle, Julia Pollak, they’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, Grinnell College, stoke, Mizuho Securities, Loyola Marymount University, SS, San Francisco Fed, BLS Locations: Minneapolis, Iowa

☆ Marketa Vondrousova is Wimbledon's first unseeded female champion after beating Ons Jabeur
▼ + stars: | 2023-07-15 | by ( ) www.cnbc.com time to read: +5 min

Marketa Vondrousova came to the All England Club a year ago unable to play tennis at all. Vondrousova became the first unseeded woman to win Wimbledon on Saturday, coming back in each set for a 6-4, 6-4 victory over 2022 runner-up Ons Jabeur in the final. Following the match, King greeted Vondrousova with a hug and told her: "First unseeded ever. 6 Jabeur, Vondrousova kept falling slightly behind. Another miscue gave Vondrousova a break point, and Jabeur gifted that with yet another shot into the net.

Persons: Marketa Vondrousova, Vondrousova, I've, Billie Jean King, Kate, Princess, Wales, King, Vondrouova, I'm, Jabeur, Elena Rybakina, Rybakina, Sabalenka, Bianca Andreescu, blip Organizations: All England Club, Wimbledon, U.S Locations: London, Czech Republic, Tunisia

☆ Opinion | Amanda Gorman: In Memory of Those Still in the Water
▼ + stars: | 2023-07-15 | by ( Amanda Gorman | ) www.nytimes.com time to read: +2 min

Panicking people stepped on each other in the dark, desperately using each other to come up for air, to stay alive. At the water’s surface, some clung to pieces of wood, surrounded by drowned friends, relatives and strangers. As the headline on another Times story, by Richard Pérez-Peña, put it: “5 Deaths at Sea Gripped the World. Hundreds of Others Got a Shrug.”Refugees and migrants dying while trying to cross the Mediterranean in search of safety is not new. The United Nations estimates that more than 27,000 migrants have died or gone missing in the Mediterranean since 2014.

Persons: Adriana, torturous, Richard Pérez Organizations: BBC, The New York Times, Coast Guard, ”, The United Nations Locations: Greece, African

☆ China gallium curbs raise chip questions for future EV models
▼ + stars: | 2023-07-11 | by ( Nick Carey | ) www.reuters.com time to read: +4 min

Gallium is found in trace amounts in zinc ores and in bauxite, and gallium metal is produced when processing bauxite to make aluminium. Transphorm uses ultra thin layers of gallium nitride that are a micron, or one thousandth of a millimetre thick, on its semiconductors. "If you are already banking on gallium nitride and designing it into your platform, then you're in trouble," he said. A source at a Japanese automotive supplier told Reuters the company was weighing up whether to use gallium nitride or silicon carbide for future power semiconductors. "People have to look for other options, but gallium nitride is hard to replace, said the CMI's Neill.

Persons: Umesh Mishra, Mishra, Transphorm, Alastair Neill, Transphorm's Mishra, Neill, Nick Carey, Daniel Leussink, Christina Amann, Zoey Zhang, Matt Scuffham, David Evans Organizations: Alliance, micron, Critical Minerals Institute, Reuters, Infineon, Canada's GaN Systems, Thomson Locations: China, Goleta , California, Tokyo, Berlin, Shanghai

☆ Pegula produces dazzling display to reach first Wimbledon quarters
▼ + stars: | 2023-07-09 | by ( Pritha Sarkar | ) www.reuters.com time to read: +3 min

LONDON, July 9 (Reuters) - Jessica Pegula enjoyed one of those scarcely believable days straight out of fantasy land as her racket oozed winners left, right and centre in a 6-1 6-3 fourth-round destruction of luckless Ukrainian Lesia Tsurenko at Wimbledon on Sunday. Pegula took full advantage of her opponent's woes as she walloped thunderous winners from the baseline to streak into a 5-0 lead in 18 blinding minutes. Tsurenko was lucky not to be completely wiped out from the opening set as the American fourth seed missed a set point in the sixth game. That respite, however, was brief as Pegula went on another three-game winning spree to take a 6-1 2-0 lead. I am so glad to make the final eight and I hope I get my name on a wall, or something."

Persons: Jessica Pegula, Tsurenko, Pegula, Ana Bogdan, Marketa, Serena Williams, Madison Keys, Sloane Stephens, Pritha Sarkar, Clare Fallon Organizations: Wimbledon, Madison, Thomson Locations: Ukrainian, American

☆ Return to Office, Recession Fears End Wall Street's Hamptons Work-From-Home Party
▼ + stars: | 2023-07-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

It may seem counterintuitive, but the pandemic was like a brief visit to Shangri-La for Wall Street. For the first time in years, Wall Street has to sing for its supper. A return to the office also means a return to more-classic Wall Street social norms. Wall Street, for all its highfalutin personalities and big paydays, is an apprenticeship system. For Wall Street, the heart of the pandemic was a moment to consider what life would be like at a slower, more-nurturing pace.

Persons: You've, Crypto, Dealmaking, Goldman Sachs, me, Seth Klarman, Klarman, Lee Felty, Harrison, Felty, Jim Chanos, Chanos, Jamie Dimon, David Solomon wouldn't, Fenty, Goldman, Solomon, Wall, Young, It's, Al Mare, Topping Rose, Jean, Georges, Maison, Wall Streeter, Linette Lopez Organizations: Wall, JPMorgan, Hamptons, CNBC, Compass, Chanos, East Hampton, Citigroup, Bloomberg, SoHo Locations: New York, East, Manhattan, Long, Stocks, Bridgehampton, It's

Only a handful of companies are responsible for most of the index's gains thus far, including the likes of Nvidia (NASDAQ: NVDA ), Meta (NASDAQ: META ) and Tesla (NASDAQ: TSLA ). The good news is market breadth improved beginning in late May and leadership has expanded to include cyclical sectors and industries. Still, these firms have become so expensive relative to the broader market that some analysts have recently begun downgrading them. More from Personal Finance:As July 4 motorists kick off summer travel, how to save on gasWhat to know about your rights as an air travelerHow travelers are booking vacations amid inflationOne place to start could be cruise companies: Carnival Cruise Line (NYSE: CCL ), Norwegian Cruise Line (NYSE: NCLH ) and Royal Caribbean International (NYSE: RCL ). Perhaps no other industry took it on the chin as hard during the pandemic, which halted sailings for months.

Organizations: NASDAQ, Nvidia, Meta, Tesla, Finance, NYSE, Cruise Line, Royal Caribbean International

☆ Rublev downs fellow Russian Karatsev to reach third round
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

It's really, really tough to play against him," Rublev said. The forecourt had been uncharted territory for Rublev early in the match but he then started coming to the net purposefully. The pair looked evenly matched for much of the near-three-hour contest as Karatsev entertained the crowd with his powerful groundstrokes. He struggled to break Rublev, however, and it was the five break points converted by Rublev to Karatsev's two that proved the difference and the seventh seed clinched victory on his first match point. Rublev, who did not play at Wimbledon last year due to the ban on Russian and Belarusian players, will next face wildcard David Goffin or qualifier Tomas Barrios Vera.

Persons: Andrey Rublev, Russia's Aslan Karatsev, Toby Melville LONDON, Aslan Karatsev, Karatsev, Rublev, Aslan, It's, David Goffin, Tomas Barrios Vera, Rohith Nair, Ed Osmond Organizations: Lawn Tennis, Croquet Club, Wimbledon, Halle, Thomson Locations: London, Britain, Dubai, Belarusian, Bengaluru

☆ June jobs report preview: Growth but gradual cooling expected
▼ + stars: | 2023-07-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —When the June jobs report lands on Friday, it’s all but certain to show that the US labor market has added jobs for 30 consecutive months. And this year’s monthly average of 314,000 net job gains far exceeds what was seen before the pandemic, including during that 100-month stretch post-Great Recession. Sarah House, senior economist at Wells Fargo, said she’s expecting a “gradual cooling” to wash over the labor market. “The jobs market is not collapsing,” she said. The timing of the Fourth of July holiday resulted in a load of labor market data landing within 24 hours of the government’s monthly jobs report.

Persons: Sarah House, she’s, ”, wilder, Andy Challenger, ” Aaron Terrazas Organizations: Minneapolis CNN, Federal Reserve, of Labor Statistics, Labor, Challenger, Fed Locations: Minneapolis, Wells Fargo

☆ Americans' donations to charity are at a 28-year low. Blame inflation, the rise of crowdfunding, and the decline of religion.
▼ + stars: | 2023-07-01 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +7 min

It's part of the decades-long trend in which Americans have scaled back their charitable giving. There's evidence that this shift has impacted charitable giving. From 2000 to 2016, the share of Americans giving to religious causes fell from roughly 47% to 32%. Other donors have shifted their giving to political causes that wouldn't be classified as charitable giving either. Looking forward, Birkholz said he's optimistic the total giving figure will bounce back in 2023.

Persons: —, Josh Birkholz, We've, Birkholz, Jonathan Meer, Zers, I'm Organizations: Service, Privacy, Indiana University's School, Philanthropy, Indiana University, Pew Research Locations: Texas

☆ Morning Bid: Markets await euro zone inflation; wary of yen
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

[1/2] A general view of a fruit and vegetable stand on a weekly market in Berlin, Germany, March 14, 2020. Economists polled by Reuters expect the euro zone inflation rate to fall to 5.6% in June from 6.1% in May. The hawkish rhetoric was shared by other major central banks including U.S. Federal Reserve Chair Jerome Powell, who signalled the U.S. central bank was ready to resume its rate-hike campaign. Meanwhile, the yen broke beyond 145 a dollar, a proverbial 'line in the sand', resulting in fresh warning from Japan's finance minister. The intervention launched in September, when the yen weakened past 145 per dollar, was the first in 24 years.

Persons: Ankur Banerjee, Christine Lagarde, Jerome Powell, Shunichi Suzuki, Christopher Cushing Organizations: REUTERS, Ankur, Reuters, Union, ING, European Central Bank, U.S . Federal, U.S, Thomson Locations: Berlin, Germany, Spain, Italy, U.S, North America, Singapore

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher. That made Spain the first among the euro zone's large economies to have inflation fall below 2%. This followed hawkish comments from U.S. and European central bank policymakers at a European Central Bank meet-up in Sintra on Wednesday, where the underlying theme was that rates are likely to stay higher for longer. Adding to recent hawkish messages from central banks globally, Sweden's central bank raised its policy rate by a quarter percentage point as expected and forecast at least one more rate hike this year. The stock was the top gainer on France's blue-chip index (.FCHI), which rose 0.4% and also helped the automaker sub-index (.SXAP) climb 1.3%.

Persons: Germany's DAX, year's, Claus Vistesen, Daniela Hathorn, Amruta Khandekar, Matteo Allievi, Sherry Jacob, Phillips, Rashmi Aich, Conor Humphries Organizations: Pantheon, U.S . Federal Reserve, European Central Bank, Capital.com, Renault, Belgian, Severn Trent, Thames, Semiconductor, Citigroup, Thomson Locations: Spain, Sintra, Severn, Bengaluru, Gdansk

☆ German inflation bucks downward trend in June with higher-than-expected rise
▼ + stars: | 2023-06-29 | by ( Maria Martinez | Thomson Reuters | Maria Martinez Is A Reuters Correspondent In Berlin Covering German Economics | ) www.reuters.com time to read: +3 min

French and euro zone inflation data is due on Friday. Economists polled by Reuters expect euro zone inflation to fall to 5.6% in June from 6.1% in May. "The June figures in Germany only interrupt the downward trend in the inflation rate and do not mark its end," said Ralph Solveen, senior economist at Commerzbank. Non-harmonized consumer prices rose 6.4% in June year-on-year, following a 6.1% rise in the previous month. The year-on-year rebound in German inflation midway through the second quarter is almost exclusively due to base effects from last year's temporarily-reduced rail fare, said Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics.

Persons: Analysts, Ralph Solveen, year's, Claus Vistesen, Carsten Brzeski, Commerzbank's Solveen, Brzeski, Maria Martinez, Friederike Heine, Miranda Murray, Angus MacSwan, Conor Humphries Organizations: Union, Reuters, Commerzbank, Pantheon, European Central Bank, ING, Economists, ECB, Thomson Locations: BERLIN, Spain, Italy, Germany

☆ Live updates: Russia aims to regulate Wagner as Ukraine claims battlefield gains
▼ + stars: | 2023-06-26 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

Wagner chief Yevgeny Prigozhin speaks in this screengrab from a video released on June 24. The Western stakes in the Ukraine war rose significantly as a result. A mutinous weekend that saw mercenary chief Yevgeny Prigozhin flagrantly mock the Kremlin before aborting his march on Moscow evoked Russia’s blood-soaked history of revolutions and coups. The Kremlin strongman seemed to blink at a military confrontation with Prigozhin’s Wagner Group fighters — in an act that might preserve his grip on power. There’s now no doubt that the war Putin unleashed to wipe Ukraine off the map poses an existential threat to his political survival.

Persons: Wagner, Yevgeny Prigozhin, Vladimir Putin, Yevgeny Prigozhin flagrantly, Prigozhin’s Wagner, —, Putin, There’s, Oz, Ukraine John Herbst, CNN’s Christiane Amanpour, “ Putin, Prigozhin’s, Moscow’s, Read Organizations: Concord, Reuters, White, Kremlin, NATO Locations: Ukraine, Moscow, Europe, Belarus, Russian

☆ Analysis: Vladimir Putin's humiliation will require the West to reexamine its balancing act to save Ukraine
▼ + stars: | 2023-06-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —The world just got a hint of a tantalizing but possibly even more dangerous future without Russian President Vladimir Putin. The Western stakes in the Ukraine war rose significantly as a result. There’s now no doubt that the war Putin unleashed to wipe Ukraine off the map poses an existential threat to his political survival. This would be good news for the West, which has bankrolled and armed the country’s fight for its life. After this weekend, this new reality will require the West to once again examine its balancing act to save Ukraine.

Persons: Vladimir Putin, Yevgeny Prigozhin flagrantly, Prigozhin’s Wagner, –, Putin, There’s, Oz, Ukraine John Herbst, CNN’s Christiane Amanpour, “ Putin, Prigozhin’s, Moscow’s, Prigozhin –, Africa –, Prigozhin, he’s, CNN’s Kevin Liptak, Biden, ”, David Petraeus, Petraeus, “, Ramzan Kadyrov, Wagner, Robert English, Alexei Navalny, Alexander Lukashenko, “ It’s, Antony Blinken, placated –, Blinken, Will Hurd, ” Hurd, Hurd –, Donald Trump –, Trump Organizations: CNN, White, Kremlin, NATO, Western, Russian Federation, Union, CIA, Internet Research Agency, School of International Relations, University of Southern, Belarusian, ”, Republican, GOP, Moscow Locations: Ukraine, Moscow, Europe, Belarus, Russian, Russia, Syria, Africa, France, Britain, Germany, Washington, “ State, University of Southern California, NATO, Crimea, Texas

☆ Are investors ignoring the Federal Reserve’s warning?
▼ + stars: | 2023-06-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

CNN —Stocks fell last week as several signs pointed to the Federal Reserve continuing to hike rates this year. The Cboe Volatility Index, known as the VIX, is derived from S&P 500 index options prices and measures volatility expectations. Meanwhile, the May Producer Price Index showed that inflation at the wholesale level cooled to below its pre-pandemic average. Tuesday: Case-Shiller home price index and new home sales. Friday: May Personal Consumption Expenditures Price Index and University of Michigan June consumer sentiment and inflation expectations final reading.

Persons: CNN — Stocks, Jerome Powell, BoE, Tom Graff, Price, ”, Graff, it’s, Liz Young, Gina Bolvin, Bitcoin, Charles Schwab Organizations: CNN Business, Bell, CNN, Federal Reserve, Dow Jones, Nasdaq, Federal, Bank of England, Nvidia, Microsoft, Bolvin Wealth Management, “, Valley Bank, Signature Bank, BlackRock, EDX, Fidelity Digital Assets, Citadel, Index, University of Michigan

☆ Opinion | The Importance of Hope in the Pro-Life Movement
▼ + stars: | 2023-06-22 | by ( David French | ) www.nytimes.com time to read: +2 min

No president saw sharper decreases in the abortion rate and ratio from the first to the last year of his presidency than Barack Obama. Yet that long trajectory toward lower abortion rates and ratios changed during Donald Trump’s single term. As a result, there were 56,080 more abortions in the final year of Trump’s presidency than there were in the final year of Obama’s. And no, this was not a Covid-induced blip: The abortion rate dipped slightly in 2017, the first year of Trump’s presidency, before rising in 2018, 2019 and 2020. Why is the decrease in abortion after Dobbs so much less than even the most informed observers anticipated?

Persons: Barack Obama, George W, Bush, That’s, Roe, Donald Trump’s, Jimmy Carter, Trump’s, Dobbs, Wade, ” Organizations: Society of Family, Trump Locations: United States

☆ Beyoncé single-handedly increased inflation in Sweden, economist says
▼ + stars: | 2023-06-14 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Beyoncé kicked off her blockbuster Renaissance tour in Stockholm, Sweden. The shows attracted a surge in hotel stays which impacted the country's inflation, an economist said. Economist Michael Grahn told The Wall Journal he considered it a "Beyoncé blip." On Wednesday, Sweden Statistics, a government agency, said restaurants and hotels added 0.3 percentage points to the rate while recreation and culture metrics contributed 0.2 percentage points, according to The Financial Times. "Beyoncé is responsible for the extra upside surprise this month," Grahn added to The Financial Times.

Persons: Beyoncé, Michael Grahn, —, — Bruce Springsteen, Grahn, Taylor Swift's, Swift, didn't Organizations: Service, Danske Bank, Wall Street, Sweden Statistics, Financial Times, Forbes, Parkwood Entertainment Locations: Stockholm, Sweden, Gothenburg

☆ Behold Wall Street's new bull market, maybe
▼ + stars: | 2023-06-08 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

Part of the uncertainty is that there is no set definition of a bull or bear market, or any sort of regulatory body that declares one, such as the National Bureau of Economic Research (NBER) does with recessions. The most commonly accepted definition is a 20% rise off a low for a bull market and a 20% decline from a high for a bear market, but even that is open to interpretation. "I just think it was a blip within a longer-term bear market." "Certainly it's a bull market in big-cap technology. I wouldn't call it a bull market in a broad market sense, because there are only certain stocks that are really in what we would call bull market territory, and it's just not a broad enough move to call it a sustainable bull market," said Tim Ghriskey, senior portfolio strategist Ingalls & Snyder in New York.

Persons: Howard Silverblatt, Dow, Silverblatt, Sam Stovall, Stovall, Dan Suzuki, Richard Bernstein, Suzuki, it's, Tim Ghriskey, Ingalls, Snyder, Ned Davis, Chuck Mikolajczak, Noel Randewich, Lewis Organizations: YORK, National Bureau of Economic Research, Reuters Graphics Reuters, Dow Jones, Richard, Richard Bernstein Advisors, Nvidia, Ned Davis Research, Thomson Locations: New York

☆ Firestone: The recent stock rally may be more than just a short-term blip
▼ + stars: | 2023-06-08 | 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 EmailFirestone: The recent stock rally may be more than just a short-term blipKaren Firestone, CEO and Chairman of Aureus Asset Management, discusses what's behind the recent stock market rally.

Persons: Karen Firestone Organizations: Firestone, Asset Management

☆ Major 23 still on the cards as Djokovic springs into French Open last four
▼ + stars: | 2023-06-06 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

The twice Roland Garros champion could not find a weakness in the 11th-seeded Khachanov's serve at first, but once he took the second set tiebreak there was no looking back for the Serbian. Djokovic, however, was not completely happy with his performance but knew victory would not come easy. He has a big serve but maybe doesn't move as well so I tried to expose him and played unpredictable. There were no break points in the second set but Khachanov started to struggle and paid for his efforts, failing to score a point in the tiebreak as Djokovic levelled the contest. Djokovic got the early break thanks to a netcord in the third and stole Khachanov's serve again to move one set from victory with apparent ease.

Persons: Novak Djokovic, Karen Khachanov, Roland Garros, Carlos Alcaraz, Stefanos Tsitsipas, Philippe Chatrier, Djokovic, Khachanov, Khachanov's, Julien Pretot, Ken Ferris, Toby Davis Organizations: Serbian, Thomson Locations: Russian, Serbian

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