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☆ Cryptocurrencies recover after bitcoin retreats from new record
▼ + stars: | 2024-03-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

On Tuesday bitcoin reached a new intraday record , for the first time since November 2021, of $69,210. It had been pushing higher for weeks – it's up 55% over the past month – and tumbled shortly after notching the new high. Bitcoin was last higher by 6% at $66,315.19, according to Coin Metrics, while ether rocketed more than 11% to $3,785.76, its highest level since January 2022. Cryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day's sell-off, which came soon after bitcoin hit an all-time high. When traders use leverage to short bitcoin and the cryptocurrency's price rises, they buy bitcoin back from the market to close their positions, which pushes the price up and causes more positions to be liquidated.

Persons: bitcoin, –, Bitcoin, Cryptocurrencies, David Wells, Binance, Shiba, Microstrategy Organizations: Metrics, Solana, Marathon Digital, CNBC PRO

☆ Bitcoin is set to make another run at the record and could rally to $98,000, according to chart analyst
▼ + stars: | 2024-03-06 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Bitcoin charged to new highs on Tuesday, but then retreated about 14%, sending a scare into the market. I've been following the bitcoin story for 10 years now, opened my first Coinbase account back in 2014 and bought bitcoin at $330. Are tech stocks — like semiconductors — acting as a leading indicator for bitcoin, signaling a sustained move through the highs? Higher rates and a higher dollar put downward pressure on U.S. tech stocks and bitcoin due to their positive correlation demonstrated above. As a result, tech stocks and Bitcoin are rallying.

Persons: Bitcoin, I've, Jerome Powell, Powell, bitcoin, It's, Gordon, GBTC Organizations: Nvidia, VanEck Semiconductor, BTC, Nasdaq, U.S ., Financial Services, Treasury, U.S, Elliott Locations: bitcoin

☆ Inside a prison healthcare company's ownership shell game
▼ + stars: | 2024-03-05 | by ( Dakin Campbell | Nicole Einbinder | ) www.businessinsider.com time to read: +22 min

Sen. Elizabeth Warren has criticized Corizon successor company YesCare for its opaque corporate structure. Yet Geneva's track record is scant; it only incorporated in November 2021, six months before it got the YesCare contract. AdvertisementOnly one agency with a YesCare contract told BI it was aware of the extent to which YesCare had outsourced its operations. AdvertisementAn October 2022 YesCare bid document, submitted to the Alabama Department of Corrections, says PharmaCorr will dispense all prescription medications for YesCare. AdvertisementThe agreement between Geneva and prison healthcare provider YesCare requires YesCare to pay at least $500,000 a month to Geneva.

Persons: Sen, Elizabeth Warren, Corizon, YesCare, —, Dick Durbin, Raphael Prober, Prober's nonanswer, Warren, Christopher M, Lopez, Robert Green, Corizon —, Green, Lori Mayer, Aaron Kaufman, Chris Atkinson, Joel Landau, Tehum, Martin Horn, Alabama Department of Corrections YesCare, Thomas Mailey, Bryan Baker, Isaac Lefkowitz, Perigrove, — Lefkowitz, Lefkowitz, David Gefner, Gefner, Storm Harper, PharmaCorr, Jeff Sholey, Steven Weiss, Atkinson, Sara Tirschwell, Zalman Shapiro, Tirschwell, Michael Farrier, Jeffrey Sholey, Judge Lopez Organizations: Service, Corizon Health, Business, Getty, YesCare Holdings, Justice Department, Tehum Care Services, Geneva Consulting, Genesis Healthcare, BI, Geneva, American Correctional Association, . Maryland Department of Public Safety, Correctional, CHS, PharmaCorr, University of West, of Health, Allure, New York State Department of Health, Public, New York City Department of Correction, Alabama Department of Corrections, Alabama, New York State Department of Corrections, Community Supervision, Doña, Okaloosa, LinkedIn, YesCare, YesCare . Alabama Department of Corrections, Gefner, Court, Western, of, Corizon's, Florida's, Florida's Hillsborough County Sheriff's, Tehum's Locations: Missouri, Houston, Texas, Geneva, Florida, Alabama, New Jersey, YesCare, University of West Florida, Connecticut, Massachusetts, Riker's, Doña Ana County, New Mexico, Okaloosa County , Florida, Wyoming, Maryland, Colorado , Florida, North Carolina, Suffern , New York, YesCare's Alabama, of Missouri, Florida's Hillsborough County

☆ Will Nikkei's record-breaking rally sustain even as Japan's economy sputters?
▼ + stars: | 2024-03-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty ImagesJapan's Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country's ailing economy has experts divided over this sustainability of this rally. Japan's corporate governance reforms have been a key driver for the country's stock markets, Momma said, while stressing that stock indexes do not necessarily represent the entire economy that includes SMEs and households. SMEs are a critical lever in the Japanese economy, accounting for 70% of national employment and 50% of the country's economic growth. "Spillover from the global boom of AI-related stocks certainly helped Nikkei," Momma said.

Persons: Kazuo Momma, Momma, Sayuri Shirai, pare, Shirai, Phillip Colmar MRB Organizations: Nikkei, Mizuho Research, CNBC, Bank of Japan, Nvidia, Technology, Stock, Keio University, Bank of America, Phillip Colmar MRB Partners Locations: Fuji, Tokyo, Germany, Japan, U.S, China

☆ Bank of America raises S&P 500 outlook to tie highest 2024 forecast on Wall Street
▼ + stars: | 2024-03-04 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bank of America is now one of the biggest bulls on Wall Street. .SPX 1Y mountain S & P 500 Bank of America hiked its forecast after companies showed that profit margins have held up despite big swings in interest rates and inflation. The S & P 500 has rallied about 8% this year and scored consecutive record highs. Subramanian noted that the advance in the S & P 500 has been "stubbornly narrow," with four stocks driving 45% of the February gains. "We expect leadership to broaden as the gap between earnings growth of the Magnificent 7 and the rest of the S & P 500 begin to narrow," she said.

Persons: Savita Subramanian, Subramanian Organizations: of America, BofA Securities, UBS, CNBC Pro Market, Survey, Bank of America

☆ The New York Times stands by its reporting on the Hamas terror attack after questions are raised
▼ + stars: | 2024-03-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —The New York Times is facing questions about a sweeping investigative story it published on the Israel-Hamas war back in December. But key elements of The Times’ reporting in telling that larger story have since fallen under the microscope. “We weren’t aware of the rape initially; we were informed only when The New York Times’ journalist approached us,” her mother told the Israeli outlet YNet. we don’t know exactly what happened.”“It was only following the New York Times investigation that we learned from the journalists that my sister had been raped,” Abdush’s brother added to YNet. In this case, there is a large volume of evidence to indicate that Hamas carried out sexual assaults during the October 7 attack.

Persons: ‘, —, Jeffrey Gettleman, Anat Schwartz, Adam Sella, Schwartz, “, Gal Abdush, ” Abdush, Jeremy Scahill, Ryan Grim, Daniel Boguslaw, ’, Abdush’s, ”, Gal, Boguslaw, Grim, Gray, Charlotte Klein Organizations: New York CNN, The New York Times, CNN, The, Pulitzer, Times, The Times, New York Times, YNet Locations: New York, Israel, Gaza

☆ Idaho paused the execution of a 73-year-old serial killer because it couldn't find his veins for a lethal injection, leaving time for his death warrant to expire
▼ + stars: | 2024-02-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Thomas Creech, 73, had his execution stopped because the medical team couldn't find a vein to administer a lethal injection. Officials said they would let his death warrant expire at 11:59 p.m. on Wednesday. AdvertisementIdaho officials stopped the execution of a 73-year-old convicted serial killer after the medical team couldn't find his veins for a lethal injection. Creech was returned to his cell, and his death warrant was set to expire that day at 11:59 p.m., per the department. AdvertisementCreech is not the only US inmate to be saved from death row — at least temporarily — by an unsuccessful IV.

Persons: Thomas Creech, couldn't, Creech, —, Josh Tewalt, Tewalt, Deborah A, Prosecutors, Jill Longhurst, Alva Campbell Organizations: Service, Security, Federal Defender Services of, Idaho Statesman, Federal Defender Services, Street Locations: Idaho, Federal Defender Services of Idaho, Ohio, California, Oregon, Ada

☆ Market consolidations and corrections are buyable, says Ross Mayfield
▼ + stars: | 2024-02-29 | 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 EmailMarket consolidations and corrections are buyable, says Ross MayfieldRoss Mayfield, Investment Strategy Analyst at Baird, discusses the final trading day of the month and key inflation data out this week.

Persons: Ross Mayfield Ross, Baird Organizations: Investment

According to Certified Financial Planner Lauryn Williams, having good credit is more important than ever due to lingering inflation, higher interest rates, and layoffs. A good credit score, defined as 670 or above with the FICO credit model, is crucial if you want to qualify for the lowest mortgage rates, lower credit card interest rates, and more. Potential lenders are more likely to approve someone with a 700 credit score than a 550 credit score. It also positively impacts your credit utilization, which affects your credit score. Think about your credit report as a reference for the job you did handling your credit," Williams told Business Insider.

Persons: Lauryn Williams, Williams Organizations: Service, Business

☆ Justice Department calls for dismissal of the Corizon bankruptcy
▼ + stars: | 2024-02-25 | by ( Dakin Campbell | Nicole Einbinder | ) www.businessinsider.com time to read: +5 min

Read previewIn the latest blowback to the correctional healthcare company formerly known as Corizon Health, the Department of Justice's US Trustee Program — the watchdog of the federal bankruptcy system — called for the dismissal of its contentious bankruptcy. In a mid-January motion, a committee representing prisoners who filed suit against Corizon alleging medical neglect requested that Judge Christopher Lopez dismiss the bankruptcy outright. In that letter, Warren lauded the Trustee for filing its October objection to Corizon's bankruptcy plan. While Corizon recently offered a larger, $54 million settlement proposal, the committee representing the current and former prisoners opposed it. "The federal government's bankruptcy watchdog has taken a strong stand to protect against big corporations' abuse of our bankruptcy system," she said in her statement.

Persons: —, Christopher Lopez, Ha Ngyuen, Andrew Jiménez, Corizon, Elizabeth Warren, Dick Durbin, Bernie Sanders, Warren, Isaac Lefkowitz, Lefkowitz, Nguyen, Jason Brookner Organizations: Service, Department of Justice's, Business, U.S, Department of Justice, Tehum Care Services, M2LoanCo, Geneva Consulting Locations: Texas, Tehum

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ Virginia lawmakers to sharply limit "alarming" number of patrol dog attacks on state prisoners
▼ + stars: | 2024-02-24 | by ( Hannah Beckler | ) www.businessinsider.com time to read: +6 min

AdvertisementLegislation to severely restrict the use of attack-trained patrol dogs in Virginia state prisons has passed the state legislature, receiving overwhelming bipartisan support in the House and passing unanimously in the Senate. Patrol dogs have been used to attack or intimidate prisoners in eight states in recent years. The new law could dramatically impact the use of patrol dogs at six high-security prisons where, according to incident reports obtained by BI, patrol dogs have been regularly used to attack men who refuse to leave their cells or who are involved in one-on-one altercations. When pressed by lawmakers on BI's findings that Virginia deployed patrol dogs 18 times more often than any other state, Elam said that the number of bites in Virginia was "alarming." The new legislation regulating patrol dogs in Virginia prisons passed the House on February 8 82-15 with overwhelming bipartisan support.

Persons: —, Holly Seibold, Michael Webert, Marcus Elam, Elam, we've, Kyle Gibson, Webert, Seibold, Glenn Youngkin, Christian Martinez Organizations: Business, Service, House, Democrat, Republican, BI, Virginia Department of Corrections, Department of Corrections Locations: Virginia, Arizona

☆ The AI party has already begun, says Wedbush Securities' Dan Ives
▼ + stars: | 2024-02-23 | 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 EmailThe AI party has already begun, says Wedbush Securities' Dan IvesDan Ives, Wedbush Securities, joins 'Squawk on the Street' to discuss why 1995 is an analog to where equity markets are right now, inventory corrections on a quarterly basis, and the multiplier effect for companies operating in the AI space.

Persons: Dan Ives Dan Ives Organizations: Wedbush Securities

☆ Google just can't seem to catch a break
▼ + stars: | 2024-02-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The search giant announced a major upgrade to its AI model Gemini. Google under fireGoogle's big problem came after Gemini users started to report problems this week with its image-generation feature. For Google, the moment is one that casts a shadow over real advances it has made in AI to keep it neck-and-neck with competitors. In part, it's because the Gemini image generation blunder really is as bad as people say. Google CEO Sundar Pichai has previously said he feels "very comfortable" about where the company is with its AI mission.

Persons: —, Gemma, Gemini, Elon, Musk, Nathan Lambert, OpenAI's, haven't, It's, Sundar Pichai Organizations: Service, Microsoft, Business, Google, Gemini, Allen Institute, AI

☆ The Nvidia trade looks crowded ahead of the chipmaker's earnings report, according to the charts
▼ + stars: | 2024-02-21 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Nvidia has been awarded the flagship status of companies leading the artificial intelligence revolution, and all eyes turn to fourth-quarter earnings after the bell Wednesday. The expectations are massive compared to the same quarter last year — and even compared to last quarter's earnings. The massive gains in price reflect this historic growth and the question is will the chart continue its rally following earnings? On Jan. 9 , I wrote about NVDA breaking through the 2023 resistance zone of $500 with targets of $650 in the first half of this year, and $775 in all of 2024. Expectations are for earnings of $4.59 per share vs 88 cents in Q4 of '23 and $4.02 in Q3 of '24.

Persons: It's, Eli Lilly, Elliott, Gordon, NVDA Organizations: Nvidia, UBS, Elliott, Tactical Alpha, Edge

If you've filed your 2023 tax return and want to know when you'll get your refund, the IRS has several tools available to help you track its status. When will I get my tax refund? FAQs How do I check my income tax refund status? You can get updates on the status of your refund on the IRS2Go app or the IRS "Where's My Refund" tool. You can check the status of your return and any refund 24 hours after e-filing by visiting the IRS website or IRS2GO app.

Persons: you've, you'll, TurboTax, Jackson Hewitt, filers, it's Organizations: IRS, Block, Jackson, Apple, IRS Taxpayer Assistance, CNBC, CNBC Select's, Facebook, Twitter, & $ Locations: Mobile

☆ Fraud like nobody's watching: Trump was probed for 5 years, and still wouldn't clean up his act
▼ + stars: | 2024-02-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Donald Trump's fraud verdict targets three things he values dearly: his cash, his New York business address, and the Trump Organization steering wheel. Otherwise, as Engoron noted in his verdict, Trump, his company, and his sons, Donald Trump Jr. and Eric Trump, "are likely to continue their fraudulent ways." In previous years, Trump has settled allegations of fraud involving the Trump Foundation, Trump University, and the 2017 Inaugural Committee, Amer pointed out in closings. The same day James concluded her initial investigation and filed her massive Trump fraud lawsuit, on September 21, 2022, Trump incorporated "Trump Organization II" in what her office worried was an attempt to shift and protect assets. Advertisement"In short," they added, Trump and Trump Organization leadership "have proven themselves incapable, time and again, of following the law."

Persons: Trump, Donald Trump's, —, he's, Letitia James, Arthur Engoron, James, he'll, Barbara Jones —, Judge Jones, Jones, Engoron, Donald Trump Jr, Eric Trump, Cushman, Trump's, Allen Weisselberg, Patrick Birney, Birney, Weisselberg, Donald, — Trump, Andrew Amer, Amer, — Jones, Jean Carroll, Kevin Wallace, Christopher Kise, Kise, She's Organizations: NY, Trump Organization, Trump, GOP, New York, Deutsche Bank, Mazars, Trump Org, Trump Foundation, Trump University, New, Independent Monitor Locations: New York, Mazars USA, Wakefield, Trump

CNN —Thailand’s former Prime Minister Thaksin Shinawatra was released from detention on Sunday, having served six months in prison following his return to the kingdom after more than 15 years in self-imposed exile. His jail sentence was later reduced to one year after he submitted a request for a royal pardon. His release from prison reintroduces a towering and divisive figure to Thailand at a tense political time. Wearing a neck collar and arm sling, the former prime minister was seen leaving the Police General Hospital in Bangkok on Sunday in a black van alongside his daughters, Paetongtarn Shinawatra and Pintongta Shinawatra. He returned to his residence in Bangkok where a handwritten banner had been hung on the gate welcoming him home.

Persons: CNN —, Thaksin Shinawatra, Thaksin, Paetongtarn Shinawatra, Pintongta Shinawatra Organizations: CNN, Thai Corrections Department, Police, Hospital Locations: Thailand, Bangkok

☆ Joey King says Gypsy Rose Blanchard told her she has 'no ill will' toward her after previously criticizing the 'The Act'
▼ + stars: | 2024-02-17 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gypsy Rose Blanchard-Anderson (née Blanchard) has no "ill will" toward Joey King, who portrayed her in the 2019 Hulu series "The Act," which adapted Blanchard-Anderson's life and the events leading up to the murder of her mother. AdvertisementJoey King earned an Emmy nomination for her portrayal of Gypsy Rose Blanchard-Anderson in Hulu's 2019 drama "The Act." Gypsy Rose Blanchard-Anderson previously said the release of the series negatively affected her life in prison. However, Blanchard-Anderson wrote in "Released" that she wasn't asked for her consent to make the series and that she "didn't have any participation in it."

Persons: —, Rose Blanchard, Anderson, née Blanchard, Joey King, Blanchard, That's, King, Gypsy Rose Blanchard, Claudine, Dee Dee, Nicholas Godejohn, Hulu wasn't, Raymond Hall, Michelle Dean, Nick Antosca, wasn't Organizations: Service, Variety, Chillicothe Correctional Center, Hulu, HBO Locations: Hulu's, Hulu, Chillicothe, Missouri

(AP) — Inmates at a Mississippi prison were forced to mix raw cleaning chemicals without protective equipment, with one alleging she later contracted terminal cancer and was denied timely medical care, a federal lawsuit filed Wednesday alleges. Susan Balfour, 62, was incarcerated for 33 years at the Central Mississippi Correctional Facility until her release in December 2021. Prisoners were required to clean the facility, without protective equipment, using chemicals that might cause cancer, Balfour's lawsuit says. “I feel betrayed by our system that failed to provide timely medical care for me. The companies contracted to provide health care to prisoners at the facility — Wexford Health Sources, Centurion Health and VitalCore — delayed or failed to schedule follow-up cancer screenings for Baflour even though they had been recommended by prison physicians, the lawsuit says.

Persons: JACKSON, Susan Balfour, Balfour, I'm, VitalCore —, Drew Tominello, Tominello, Pauline Rogers ,, ” Rogers, ” ___ Michael Goldberg Organizations: Central Mississippi Correctional Facility, U.S . Southern, U.S . Southern District of, Centurion Health, Mississippi Department of Corrections, of Corrections, Mississippi Supreme, Rech Foundation, Associated Press, America Statehouse News Initiative, America Locations: Miss, Mississippi, U.S, U.S . Southern District, U.S . Southern District of Mississippi, Wexford, @mikergoldberg

☆ A top 2% fund manager crushing the S&P 500 over the last 4 years despite owning none of the 'Magnificent 7' shares 7 stocks he's betting on — and breaks down the 4 guiding principles he uses to beat t
▼ + stars: | 2024-02-14 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

In a note on Tuesday, Smead shared the secrets to his success via four guiding principles for outperforming the market. What is worse, losing $30 per share or the sin of omission by missing the next $120 gain per share?" "Our optimism for companies goes up as the price goes down when it fits our eight criteria for stock selection," Smead said. 7 stocks Smead is betting on nowIn the note, Smead listed seven companies he owns that fit these criteria: oil firms Occidental Petroleum (OXY) and ConocoPhillips (COP); homebuilders D.R. We believe that 100% of the people who pick stocks for a living think they will be above average," Smead said.

Persons: Bill Smead, Cole, He's, Smead, D.R, Horton, LEN Organizations: Smead Capital Management, Morningstar, Bank of America, Occidental Petroleum, ConocoPhillips, Merck, US

☆ A single mom in Ohio moved from a shelter to an apartment after switching from Lyft and Uber driving to being a full-time bus driver
▼ + stars: | 2024-02-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Jayla, 28, spent two years driving for Uber and Lyft and struggled to find stable housing and provide for herself and her son. But after switching jobs and becoming a bus driver in late 2023, she's now living in her own apartment. After landing a bus driver position and a W2, she secured an apartment in Akron despite no luck in Texas. AdvertisementBecoming a school bus driverShe decided to become a school bus driver as she could work morning and afternoon shifts while working around her son’s day care schedule. The same day she applied, she was hired as a bus driver for her local Akron school district.

Persons: Uber, Lyft, she's, that’s, ” Jayla, Jayla, “, I’ve, she’s Organizations: Service, Business, Lyft, Hertz, Akron Metropolitan Housing Authority Locations: Akron , Ohio, Houston, Akron, Texas, Lyft

☆ Thaksin Shinawatra: Thailand’s jailed former prime minister to be freed
▼ + stars: | 2024-02-13 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

Bangkok, Thailand CNN —Thailand’s jailed former Prime Minister Thaksin Shinawatra will soon walk free from detention after his parole was approved, according to Thailand’s justice minister, just six months after his dramatic return to the kingdom. The announcement caps an extraordinary decades-long political saga that will see the return of one of Thailand’s most controversial political figures to everyday life. On Tuesday, Thailand’s Justice Minister Tawee Sodsong confirmed to CNN Thaksin is one of 930 inmates who have been granted parole this month. The party’s candidate Strettha Thavisin became Thailand’s 30th prime minister in August, just hours after Thaksin’s return to the country. Last week, Reuters reported that Thaksin faces possible lese majeste charges under Thailand’s royal insult law, but it’s unclear whether prosecutors will move forward with the complaint.

Persons: Thailand CNN — Thailand’s, Thaksin Shinawatra, Thaksin, Maha Vajiralongkorn, Tawee Sodsong, Thaksin —, Strettha Thavisin, Thaksin’s, Pita Limjaroenrat Organizations: Thailand CNN, Manchester City, Thailand’s, CNN Thaksin, The Corrections Department, Thai Corrections Department, Reuters Locations: Bangkok, Thailand, New York, Thai

☆ The charts show the S&P 500 is at a very critical juncture. How to protect your portfolio
▼ + stars: | 2024-02-13 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

I'm going to outline our approach to handling a possible pullback from all-time highs following the CPI that calls the 2024 Fed rate cuts into question. I'm using the S & P 500, Nasdaq-100 and an option hedge I may implement personally, and for my research and wealth management clients. Following a horrible bear market from 2021-2022 we spent most of 2023 rallying and here we are at new all-time highs. The S & P 500 weekly chart shows a basic 5-wave Elliott trend that consists of 3 separate market advances labeled as 1,3, and 5. The Nasdaq 100 just broke out to new all-time highs immediately following the 2nd worst correction since in 2000.

Persons: we've, Gordon Organizations: Nasdaq, Netflix, Spotify, Nvidia

NEW YORK (AP) — A man convicted in the notorious drug-related killing of a rookie New York City police officer at the height of the city's crack epidemic decades ago has been denied parole, a union representing NYPD officers said Sunday. Todd Scott had been serving 25 years to life for his role in the shooting death of Officer Edward Byrne in Queens. Scott was convicted of second-degree murder and has been serving his sentence at the maximum-security state prison in Shawangunk. Patrick Hendry, president of the Police Benevolent Association, said in a statement that the union was “relieved” Scott was denied parole. The union said it also will continue to oppose the release of two others convicted in the killing.

Persons: Todd Scott, Edward Byrne, Queens . Byrnes, Scott, Howard “ Pappy ” Mason, Byrne, couldn't, Patrick Hendry, “, ” Scott, David McClary, Phillip Copeland, Scott Cobb, ” Hendry, Byrne's, Kenneth Byrne, ” “, Eddie Organizations: New York, Police, NYPD, Police Benevolent Association Locations: New York City, Queens, Shawangunk, ”

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