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☆ How the mighty watermelon became a symbol of pro-Palestinian resistance on social media
▼ + stars: | 2023-11-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +7 min

Some social media users say tech platforms are unfairly removing pro-Palestinian content. AdvertisementAdvertisementThe watermelon emoji, meanwhile, gained traction as a symbol of protest on social media in 2021 after another outbreak of violence between Israel and Hamas. At the time, pro-Palestinian activists said social media platforms were restricting pro-Palestinian content and deleting accounts. The watermelon is not the only workaround to social media algorithms that have surfaced over the past few weeks. Social media users have also resorted to alternative spellings of words like "Palestinians" (like shifting it to P@lestinians or P*les+in1ans) to evade algorithmic detection.

Persons: —, Jourdan Louise, Louise, she'll, ike Organizations: West Bank, Service, Meta, Intercept Locations: Gaza, Israel, Palestinian, Instagram, Palestine

☆ Michigan Rushes to Court to Fend Off Jim Harbaugh’s Suspension
▼ + stars: | 2023-11-11 | by ( Andrew Beaton | Louise Radnofsky | ) www.wsj.com time to read: 1 min

Michigan coach Jim Harbaugh was suspended by the Big Ten over alleged sign-stealing violations. Photo: Al Goldis/Associated PressWhen the Big Ten suspended Michigan football coach Jim Harbaugh over alleged sign-stealing violations late Friday afternoon, the school rushed to court with an urgent message: It needs Harbaugh to finish off a dream season. Michigan wasn’t shy about framing the stakes. Its lawyers argued that barring Harbaugh from doing the most important part of his job would damage him, his players, and even the public, based on what it called a flimsy initial investigation by the Big Ten.

Persons: Jim Harbaugh, Al Goldis, Harbaugh Organizations: Big, Big Ten, Michigan Locations: Michigan

☆ Michigan Will Play Penn State Without Jim Harbaugh While Legal Battle Ramps Up
▼ + stars: | 2023-11-11 | by ( Andrew Beaton | Louise Radnofsky | ) www.wsj.com time to read: 1 min

Michigan coach Jim Harbaugh was suspended by the Big Ten over alleged sign-stealing violations. Photo: Al Goldis/Associated PressWhen the Big Ten suspended Michigan football coach Jim Harbaugh over alleged sign-stealing violations late Friday afternoon, the school rushed to court with an urgent message: It needs Harbaugh to finish off a dream season. 2 in the College Football Playoff rankings, were forced to kick off their marquee game against No. 9 Penn State without their boss when a judge didn’t issue a ruling in the hours before the game. With the small window between the Big Ten’s decision and Saturday’s noon kickoff, Michigan missed its limited chance to get Harbaugh back on the sidelines.

Persons: Jim Harbaugh, Al Goldis, Harbaugh Organizations: Big, Big Ten, Michigan, Wolverines, College Football, Penn State Locations: Michigan

☆ Michigan Beats Penn State Without Jim Harbaugh While Legal Battle Ramps Up
▼ + stars: | 2023-11-11 | by ( Andrew Beaton | Louise Radnofsky | ) www.wsj.com time to read: 1 min

Michigan coach Jim Harbaugh was suspended by the Big Ten over alleged sign-stealing violations. Photo: Al Goldis/Associated PressWhen the Big Ten suspended Michigan football coach Jim Harbaugh over alleged sign-stealing violations late Friday afternoon, the school rushed to court with an urgent message: It needs Harbaugh to finish off a dream season. 3 in the College Football Playoff rankings, were forced to play their marquee game against No. 9 Penn State without their boss when a judge didn’t issue a ruling in the hours before the game. And it was no Harbaugh, no problem: Michigan prevailed 24-15 for its best win of the season with offensive coordinator Sherrone Moore filling in as acting head coach.

Persons: Jim Harbaugh, Al Goldis, Harbaugh, Sherrone Moore Organizations: Big, Big Ten, Michigan, Wolverines, College Football, Penn State Locations: Michigan

☆ Iceland evacuates town over concerns of volcanic eruption
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

Lava spurts and flows after the eruption of a volcano in the Reykjanes Peninsula, Iceland, July 12, 2023, as seen in this handout picture taken from a Coast Guard helicopter. Civil Protection of Iceland/Handout via REUTERS Acquire Licensing RightsCOPENHAGEN, Nov 11 (Reuters) - Icelandic authorities have completed the evacuation of 3,000 residents of a town in the southwest of the island over concerns of a volcanic eruption after a series of earthquakes and evidence of magma spreading underground. The chance of an eruption has increased significantly," Thorvaldur Thordarson, professor of volcanology at the University of Iceland, told state broadcaster RUV. Reykjanes is a volcanic and seismic hot spot southwest of the capital Reykjavik. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year.

Persons: Thordarson, Jacob Gronholt, Pedersen, Louise Rasmussen, David Holmes, Christina Fincher Organizations: Coast Guard, REUTERS Acquire, Rights, Icelandic Meteorological, University of Iceland, RUV, Civil Protection Agency, Thomson Locations: Iceland, Handout, Grindavik, Reykjavik, Copenhagen

☆ Beatlemania is back as chart-topping 'Now And Then' breaks records
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

It also features parts recorded by surviving members Paul McCartney and Ringo Starr as well as the late George Harrison. 1 hit, it brings The Beatles back to the top of the Official Singles Chart 60 years after the group's first No. 1 singles in Official Charts history. 1 single, the Official Charts Company said. "Beatlemania has returned this week," Official Charts Company Chief Executive Officer Martin Talbot said.

Persons: Paul McCartney, Ringo Starr, Ed Sullivan, Mario Anzuoni, John Lennon, George Harrison, McCartney, It’s, Starr, Beatlemania, Martin Talbot, “, John, Paul, George, Ringo, Marie, Louise Gumuchian, Barbara Lewis Organizations: REUTERS, Beatles, Company, Thomson Locations: Los Angeles, Britain

☆ The $2 Million Coal Mine That Might Hold a $37 Billion Treasure
▼ + stars: | 2023-11-09 | by ( Julie Steinberg | Photographs Louise Johns For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Twelve years ago, former Wall Street banker Randall Atkins bought an old coal mine outside Sheridan, Wyo., sight unseen, for about $2 million. He thought the mine might eke out a profit. Instead, Atkins recently learned it could bring a windfall.

Persons: Randall Atkins, Atkins Organizations: Wall Street Locations: Sheridan

☆ Aaron Rodgers Wants to Come Back This Season. It Isn’t Crazy.
▼ + stars: | 2023-11-08 | by ( Andrew Beaton | Louise Radnofsky | ) www.wsj.com time to read: 1 min

Soon after Aaron Rodgers suffered what’s typically a season-ending Achilles injury on his first drive with the New York Jets, he suggested something that sounded radical even for Aaron Rodgers. He wanted to try to return this season. The idea of returning from his Achilles tear within just a handful of months seemed impossible. It’s an injury that has historically required up to a year for recovery—if recovery is even possible. Even Rodgers acknowledges there’s a long way to go before achieving his stated goal.

Persons: Aaron Rodgers, what’s, Rodgers, there’s Organizations: New York Jets

The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.

Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France

☆ GM's Cruise is recalling 950 robotaxis after pedestrian collision
▼ + stars: | 2023-11-08 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Cruise, the autonomous vehicle venture owned by General Motors , has issued a recall effecting 950 of its robotaxis following a pedestrian collision in San Francisco last month. The Oct. 2 collision triggered a federal probe. According to the Cruise filing with the NHTSA on Nov. 7, following the collision, Cruise found defects within its automated driving system software, specifically pertaining to its "Collision Detection Subsystem." This issue could occur after a collision with a pedestrian positioned low on the ground in the path of the AV." After Cruise lost its permits in California and faced a public backlash over safety concerns, the company also temporarily suspended production of its Cruise Origin driverless vans.

Persons: Cruise, Louise Zhang, Elon Musk, Quinn Emanuel Organizations: General Motors, National, Traffic, Administration, Google, Tesla, Cruise, GM Locations: San Francisco, California, Detroit

☆ EU watchdog sets out capital, liquidity rules for stablecoin issuers
▼ + stars: | 2023-11-08 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

The bloc is deploying the world's first comprehensive set of rules for cryptocurrency and stablecoin markets, and the European Banking Authority (EBA) proposed minimum capital and liquidity requirements for issuers of stablecoins and other types of digitised tokens. The EBA launched public consultations on liquidity requirements for the reserve of assets that back a stablecoin, meaning that only eligible assets of high enough quality can be used. The EBA said that issuers of stablecoins backed by a currency must be able to offer full redemptions at par to investors. Banks may be exempt from liquidity requirements in some instances, given that they already hold liquidity buffers under existing EU bank capital and liquidity rules, the EBA said. The proposed liquidity rules ensure that issuers of stablecoins, which can be non-bank institutions, meet the same safeguards, and also avoid unfair capital or liquidity advantages over banks.

Persons: Stablecoins, Banks, Huw Jones, Louise Heavens Organizations: European Banking Authority, EBA, Thomson

☆ Jewellery maker Pandora raises sales forecast after Q3 profit beat
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Pandora products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Pandora said it now forecasts full-year organic sales growth of 5%-6%, up from 2%-5% previously seen, and said it still expects an operating profit margin of around 25%. Operating profit fell to 920 million crowns ($132 million)from a year-earlier 978 million as costs rose, although this also beat analyst expectations for a profit of 875 million crowns in apoll published by Pandora. Improvement in like-for-like sales was driven by the U.S., as traffic picked up in the region given recent brand initiatives. The affordable luxury brand said its gross margin reached a record 79%, helped by cost savings and price hikes.

Persons: Andrew Kelly, Pandora, apoll, Alexander Lacik, Louise Breusch Rasmussen, Anna Ringstrom, Louise Heavens Organizations: Woodbury, REUTERS, Rights, Pandora, JPMorgan, Thomson Locations: Central Valley , New York, U.S

☆ 'The Crown' coaches share how actors portray the royals
▼ + stars: | 2023-11-07 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

[1/2] Cast members Elizabeth Debicki, Dominic West, Imelda Staunton and Jonathan Pryce attend the premiere for the TV series The Crown Season 5 in London, Britain, November 8, 2022. "It's more about analysing what the face does, what the mouth does, what the head does, and then letting your voice come through that shape." Claire Foy and Olivia Colman, who have played Queen Elizabeth at different periods of her life, have both picked up awards for their performances. Movement coach Polly Bennett worked with actors "on how their physicality operates" in each season. Season 5 actors Imelda Staunton, Dominic West and Elizabeth Debicki reprise their roles as Elizabeth, Charles and Diana respectively.

Persons: Elizabeth Debicki, Dominic West, Imelda Staunton, Jonathan Pryce, Henry Nicholls, Diana's, William Conacher, " Conacher, Claire Foy, Olivia Colman, Queen Elizabeth, Conacher, Diana, Polly Bennett, Prince Charles, Prince William, Prince Harry, King Charles, Elizabeth, Charles, Imelda, Bennett, Marie, Louise Gumuchian, Alison Williams Organizations: REUTERS, Reuters, Thomson Locations: London, Britain

☆ Shakespeare's portrait sent to edge of space to mark 400 years of 'First Folio'
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

William Shakespeare's First Folio on display at Christies in London, April 24, 2023. Shakespeare's First Folio was compiled by his friends and published on Nov. 8, 1623, seven years after his death. Some 750 copies are believed to have been printed, containing 36 of the 37 plays Shakespeare wrote, arranged for the first time as comedies, tragedies and histories. "A tiny copy of the speech we used, which is 'The Lovers and Madmen' speech from 'Midsummer Night's Dream', (was) inserted into the portrait," Jewers told Reuters. "The Stranger's Case" features a speech Shakespeare contributed to an unperformed play alongside footage of refugees at sea.

Persons: William Shakespeare's, Anna Gordon, William Shakespeare, Shakespeare, Jack Jewers, Tom Baker, Jewers, Will Tosh, Marie, Louise Gumuchian, Nick Macfie Organizations: REUTERS, Reuters, Shakespeare's Globe, Thomson Locations: London, Ukraine

☆ More Than 20 Report Burning Eyes After NFT Festival in Hong Kong
▼ + stars: | 2023-11-07 | by ( Callie Holtermann | More About Callie Holtermann | ) www.nytimes.com time to read: 1 min

More than 20 people have reported burning eye pain and vision problems after attending a party for NFT owners in Hong Kong last weekend, the organizers said on Tuesday. The gathering was part of ApeFest, a three-day event hosted by Bored Ape Yacht Club, a group of cryptocurrency enthusiasts who own unique digital images of primates that cost tens of thousands of dollars apiece. Yuga Labs, the parent company of Bored Ape Yacht Club, is in contact with 22 people who had eye problems after the event, said Louise Conroy, a spokeswoman for the company. “We are very distressed by these reports,” Ms. Conroy said in an interview, adding that Yuga Labs was working with an independent firm to investigate the claims. “Regardless of the outcome of the investigation, we intend to do the right thing by our community members.”

Persons: Louise Conroy, ” Ms, Conroy, ” Organizations: Yuga Labs Locations: Hong Kong, ApeFest

☆ Here are some key open enrollment tips and strategies for employees
▼ + stars: | 2023-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +9 min

Jimvallee | Istock | Getty ImagesOpen-enrollment workplace checklist ✔ Health insurance ✔ Savings and spending accounts ✔ Dental and vision plans ✔ Life insurance ✔ Disability insurance ✔ Retirement savings ✔ Beneficiary selection1. If your spouse has their own health insurance option at work, you'll want to both sit down and compare the different offerings. Many employees will notice that the health insurance plans offered by their company don't include dental and vision coverage. Consider life, disability insuranceDuring open enrollment, employees will typically also be presented with different disability and life insurance options. Short-term disability coverage is very limited, she said: "Everyone needs long-term disability coverage unless they have enough savings that they could basically retire if they can't work anymore."

Persons: Caitlin Donovan, Gruber, Jean Abraham, Warby Parker, Pat Greenhouse, Abraham, Donovan, you'll, Jonathan Gruber, Louise Norris, Norris, Carolyn McClanahan, McClanahan, Ryan Viktorin, Viktorin Organizations: Istock, Getty, Savings, Patient Advocate, University of Minnesota, Harvard, Boston Globe, Massachusetts Institute of Technology, IRS, Healthinsurance.org, Planning Partners, CNBC's, Pew Research Center, Partners, Fidelity Investments Locations: Cambridge , Massachusetts, Jacksonville , Florida

☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Brazil's Embraer posts 34% profit jump, maintains outlook
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Airbus delivered 71 aircraft in October - sources
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

The logo of Airbus is seen at the entrance of a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 6 (Reuters) - Airbus (AIR.PA) delivered 71 aircraft in October, industry sources said on Monday, up 18% from the same month last year. Airbus declined to comment ahead of the publication of delivery numbers on Tuesday and quarterly results on Wednesday. The October tally, which also accelerated from 55 aircraft in September, brings total deliveries so far this year to 559 units compared with a full-year target of 720. It is in line with a forecast of 71 aircraft by analysts at Jefferies, which said the higher pace of deliveries had "further de-risked" the 2023 delivery target after Airbus downgraded and eventually abandoned delivery goals last year amid supply woes.

Persons: Stephane Mahe, Tim Hepher, Louise Heavens Organizations: Airbus, REUTERS, Rights, Jefferies, Thomson Locations: Toulouse, France

☆ Oil up 1.5% as Saudi Arabia and Russia stick to supply cuts
▼ + stars: | 2023-11-06 | by ( Robert Harvey | ) www.reuters.com time to read: +2 min

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSummary Saudi Arabia and Russia supply cuts to remain until year-endChina's refinery throughput slows from record levelsEuro zone recession fears amplified by PMI dataLONDON, Nov 6 (Reuters) - Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Russia also announced it would continue its additional voluntary cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Monday's oil price gains could have been capped by an easing of crude throughput at Chinese refineries. Macroeconomic concerns persist in Europe, where Purchasing Managers' Index (PMI) data showed the slowdown in euro zone manufacturing accelerated in October.

Persons: Agustin Marcarian, Giovanni Staunovo, Tamas Varga, Robert Harvey, Florence Tan, Colleen Howe, Louise Heavens, David Goodman Organizations: REUTERS, PMI, Brent, . West Texas, Oil, Reuters, Saudi, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Russia, OPEC, China, China’s, Europe

☆ NTT says to test driverless vehicle tech with Toyota, invest in US startup
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A Toyota logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Japan's Nippon Telegraph and Telephone (NTT) (9432.T) plans to test driverless vehicle technology with Toyota Motor (7203.T) and invest in a U.S. startup developing self-driving systems, a spokesperson for the telecommunications firm said on Monday. The Nikkei newspaper first reported on Monday that NTT will invest in May Mobility, adding that both NTT and Toyota would jointly develop vehicles. Both the NTT spokesperson and a Toyota spokesperson said they had no plans for joint development. Cruise late that month suspended all driverless vehicle operations in the United States following an accident that led California regulators to order the company to remove its driverless cars from state roads.

Persons: David, Dee, Delgado, Cruise, Daniel Leussink, Maki Shiraki, Satoshi Sugiyama, Louise Heavens, Christina Fincher Organizations: New York, REUTERS, Rights, Japan's Nippon, Telephone, NTT, Toyota Motor, Nikkei, Toyota, Mobility, Tokio, Honda, General Motors, Cruise, Thomson Locations: Manhattan , New York City, U.S, Japan, Michigan, United States, California

High-tide floods are not caused by the weather but by the twice monthly alignment of the Earth, sun and moon. But as climate change causes sea levels to rise, high tide floods — sometimes called nuisance floods or sunny-day floods because they can happen on clear days — are likely to inundate more coastal neighborhoods across the five boroughs. By 2050, Lower Manhattan could see 85 days of high-tide flooding annually, a fivefold increase. By the end of this century, 600,000 city residents could be affected by regular tidal flooding, according to the New York City Comptroller’s office. “Tidal flooding is a pretty significant existential climate threat,” said Louise Yeung, the chief climate officer for the comptroller’s office.

Persons: ”, Louise Yeung Organizations: New Locations: Queens, Jamaica, Lower Manhattan, New York City

☆ The Billionaire Donor Taking On His Alma Mater Over Antisemitism
▼ + stars: | 2023-11-04 | by ( Rachel Louise Ensign | ) www.wsj.com time to read: 1 min

When Marc Rowan ’s father died while he was a student at the University of Pennsylvania and the family could no longer afford tuition, the school told him he could finish paying whenever he was able. Rowan sent the university the money a few months after graduation, using his first bonus from his job as a junior investment banker at Drexel Burnham Lambert. Grateful for its generosity, he kept giving to Penn as he climbed to the pinnacle of Wall Street power. He donated $50 million to its Wharton school in 2018, the largest gift the business school had ever received at the time.

Persons: Marc Rowan ’, Rowan, Drexel Burnham Lambert Organizations: University of Pennsylvania, Drexel, Penn, Wharton

☆ Wall St Week Ahead Stock investors see green light in falling Treasury yields
▼ + stars: | 2023-11-03 | by ( David Randall | ) www.reuters.com time to read: +4 min

The relationship between stocks and bonds has been a tight one in recent months, with equities falling as Treasury yields climbed to 16-year highs. Higher yields offer investment competition to stocks while also raising the cost of capital for companies and households. Meanwhile, the S&P 500 has surged nearly 6% from its October lows. Draho expects the S&P 500 to trade between 4,200 and 4,600 until investors determine whether the economy will be able to avoid a recession. The S&P 500 was recently up more than 1% on the day.

Persons: Brendan McDermid, Jason Draho, Draho, Ryan Detrick, Greg Wilensky, Janus Henderson, David Randall, Ira Iosebashvili, Louise Heavens Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, UBS Global Wealth Management, National Association of Active Investment, CFRA Research, Carson Investment Research, Fed, Apple Inc, Janus, Janus Henderson Investors, Thomson Locations: New York City, U.S, Treasuries

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.

Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto

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