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☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

☆ CNBC Daily Open: Rational exuberance
▼ + stars: | 2023-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both figures are 0.1 percentage point lower than economists expected. Separately, euro zone gross domestic product shrank 0.1% quarter on quarter in the three months ended September. That means the Swiss bank thinks rates will be between 2.5% and 2.75% by next year.

Persons: Sundar Pichai, —, Pichai Organizations: CNBC, CPI, CPI U.S, UBS, Reserve, Apple, Google, Epic Games Locations: U.S, Swiss

☆ Some of the trillions parked in cash may trickle back in to stocks now that the market's rallying
▼ + stars: | 2023-11-15 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

2023: The year of chasing yield Investors historically chase after stock performance, but 2023 has been the year of chasing after yield performance. This year, the combined assets under management at money market funds grew to a record $6 trillion. There have been large inflows into short-term Treasury funds like the Vanguard Short-Term Treasury ETF (VGSH) and, surprisingly, even into long-term Treasury ETFs like the iShares 20+Year Treasury Bond ETF (TLT). Still, some think a large chunk of the money in short-term Treasuries and money markets is "scared money" and will be "sticky." Those institutional investors "Don't want any money in cash because it will lag behind the stock market," he told me.

Persons: Paul McCulley, they're, Mark Lehman, Eric Balchunas, Jeff Seyffart, Alec Young, Steve Sosnick, Jim Besaw, Besaw, Mike O'Rourke, JonesTrading, Matt Maley, Miller Tabak, Chris Murphy Organizations: Federal, CNBC, Citizens JMP Securities, Treasury, Treasury Bond ETF, Bloomberg, Schwab Money Fund, MapSignals, Interactive Brokers, Gentrust, UBS Locations: Susquehanna

During his news conference following the summit, Biden summed up his approach to the Chinese leader. Xi at one point called on the United States to “not scheme to suppress or contain China,” Chinese state media reported. In the talks, Biden made clear to Xi that he viewed Hamas as separate from the Palestinians. As host of the meeting, Biden walked out of the building first to welcome Xi. Speaking after Biden, Xi offered starker view of US-China ties.

Persons: Joe Biden, Xi Jinping, Biden, Xi, “, ”, “ That’s, ” Biden, Antony Blinken, Jake Sullivan, Defense Lloyd Austin, we’ve, – Biden, Xi’s, readouts, ” Xi, I’ve, I’m, That’s, Wang Yi, they’d, Sullivan, Wang, Janet Yellen, Gina Raimondo, John Kerry, –, Nikki Haley Organizations: California CNN, Biden, Defense, US, Xinhua, Hamas, Marine, China’s, American, South, Republicans Locations: Woodside, California, China, Washington, Beijing, United States, “, Taiwan, San Francisco, Israel, Iran, East, Europe, Blinken, South Carolina

☆ Takeaways from the Biden-Xi summit, where low expectations were met
▼ + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

U.S. President Joe Biden shakes hand with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. The Biden administration is worried about scores of what it calls “unprofessional” operations by Chinese planes and ships near US assets. Biden balances his job as commander in chief with huge political risksBiden knew his meeting with Xi would unleash a political firestorm. Biden had huge political incentives to make this summit a success but also needed to show he was tough on Xi. Meeting low bars at a moderately successful summit will not change the fundamentals of their rivalry.

Persons: Joe Biden’s, Xi Jinping, Biden, Xi, ” Biden, ” Xi, China’s, Joe Biden, Kevin Lamarque, “, Nancy Pelosi’s, Sen, Jim Risch, lacerated Biden, Bill Clinton’s, George H.W, Nikki Haley, Ron DeSantis, Donald Trump’s, it’s, ” Sue Mi Terry, George W, Bush, Barack Obama, CNN’s Erin Burnett, reaffirmation, “ I’m, that’s, ”, he’d, he’s Organizations: CNN, Economic Cooperation, United, US Air Force, Soviet Union, People’s Liberation Army, Republican, Senate Foreign Relations, US, Biden, South Carolina Gov, Florida Gov, GOP, Barack Obama National Security Council, Center for Strategic, International Studies, Congress, New York Times, Trump Locations: San Francisco, perilously, Asia, China, United States, ., Woodside , California, U.S, Taiwan, Chinese, Hainan, Soviet, Ukraine, Moscow, Syria, The Idaho, Beijing, George H.W . Bush, Iowa, Washington

☆ The Fed's next move will be to cut rates as the drop in inflation was a 'gamechanger,' former PIMCO chief economist says
▼ + stars: | 2023-11-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed's next rate move will be to cut rates, former PIMCO chief economist Paul McCulley said. Some forecasters say the Fed will slash interest rates by nearly three percentage points next year. Most significant is the "crack" in shelter inflation, McCulley said, which rose 6.7% year-over-year in October. AdvertisementInvestors will debate over when the Fed will cut rates, he added, though most are expecting the first rate cut to happen sometime next year. Some economists, though, have cautioned that the Fed risks easing interest rates prematurely, which could eventually lead to a resurgence in inflation down the line.

Persons: Paul McCulley, McCulley, —, That's, we've, Mohamed El Organizations: Service, CNBC, UBS, Fed

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Oracle, Eli Lilly, Airbnb, Meta, Southwest & more
▼ + stars: | 2023-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.

Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$

PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Morgan Stanley named Palo Alto (PANW) its "top pick" ahead of the cybersecurity name's first-quarter earnings release on Wednesday. "Our latest checks largely support a positive view, with partners citing durable demand as customers consolidate on the broader [Palo Alto] platform." Meanwhile, analysts at Cantor Fitzgerald raised their price target for Palo Alto to $280 from $250, a 9.8% upside from the stock's Monday trading level of $255. PG YTD mountain Procter & Gamble (PG) year-to-date performance Jefferies initiated coverage of Procter & Gamble (PG) with a buy rating on shares, citing the company's solid fundamentals and durable earnings stream. Moreover, Procter & Gamble sells the kinds of staples consumers will buy even when budgets are stretched as their are few alternatives.

Persons: Morgan Stanley, Palo, billings, Hamza Fodderwala, Cantor Fitzgerald, we've, Edward Jones, Jefferies, Gamble, Jim Cramer's, Jim Cramer, Jim Organizations: Palo Alto Networks, Palo Alto, Oracle, Nvidia, Microsoft, Constellation, Jefferies, Constellation Brands, Management, Procter & Gamble, Procter, Gamble, CNBC, New York Stock Exchange, NYSE Locations: Palo, Alto

☆ Biden-Xi summit could be last chance to stabilize U.S.-China relationship: Op-ed
▼ + stars: | 2023-11-10 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +11 min

Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.

Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco

☆ Violent wage protests in Bangladesh could hit top fashion brands
▼ + stars: | 2023-11-09 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

On Tuesday, the country’s wage board announced an increase of $113 a month for garment workers, set to take effect December 1. Garment workers in Bangladesh currently make $95 a month producing clothes for big brands such as H&M, Zara and Levi’s. The American Apparel and Footwear Association, or AAFP, which represents brands in the US suggests a timelier minimum wage review. CNN reached out to the Bangladesh Garment Manufacturers and Exporters Association which represents factory owners for comment but did not hear back. Cambodia now raises its minimum wage for garment workers once a year.

Persons: “, ”, Christina Hajagos, Clausen, Narza Akter, Imran Hossain, ” Matthew Miller, Bangladesh hasn’t, Fitch, Nate Herman, Levi Strauss, Elizabeth Cline, Jason Judd, Judd Organizations: New, New York CNN, Textile and Garment Industry, IndustriALL Global Union, Bangladesh Bureau, Statistics . Garment, Workers, US State Department, United, State Department, McKinsey, US Commerce Department, Puma, Abercrombie, American Apparel and Footwear Association, CNN, Brands, Government, Bangladesh Garment Manufacturers, Policy, Columbia University, Consumer, World Bank, Consumers, Global Labor Institute, Cornell University, Workers Rights Consortium Locations: New York, Bangladesh, Zara, Levi’s, China, United States, Southeast Asia, AAFP, Swedish, ”, Patagonia, Cambodia

☆ Bill Gates is a 'rational optimist' – and maybe you should be too
▼ + stars: | 2023-11-09 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Bill Gates has found the perfect balance between optimism and pessimism, says Morgan Housel. The Microsoft cofounder also seems to be demonstrating "rational optimism" when it comes to AI. Morgan Housel describes Gates a "rational optimist" in a piece for CNBC, meaning he prepares for any short-term setbacks while maintaining an optimistic outlook for the future. AdvertisementAdvertisementWorrying about having enough cash to pay staff wages is the perfect example of rational optimism, says Housel. The 68-year-old is now applying his rational optimism to AI.

Persons: Bill Gates, Morgan Housel, —, Gates, Housel, Charlie Rose, He's Organizations: Microsoft, Service, CNBC, Bloomberg Locations: Harvard

☆ Opinion: Who a ‘stalemate’ in Ukraine really benefits
▼ + stars: | 2023-11-08 | by ( Augusta Anthony | Opinion Jade Mcglynn | ) edition.cnn.com time to read: +12 min

CNN —Responses to the recent statements by the commander in chief of the Ukrainian military, Valery Zaluzhny, warning of a stalemate war between Ukraine and Russia, have been varied and revealing. On the other side, skeptics of Western support for Ukraine gloatingly cited the interview as evidence that Ukraine should have capitulated at some imagined earlier opportunity. Ukraine President Volodymyr Zelenskyi meets with the Secretary General of NATO Jens Stoltenberg on September 28, 2023 in Kyiv, Ukraine. It is not Ukraine that is desperate to continue war despite plentiful options to stop the bloodshed — it is Russia. And would there still be ‘fatigue’ in Western capitals if Ukraine had retaken more territories during the summer counteroffensive?

Persons: Jade McGlynn, “, Read, Valery Zaluzhny, Jade McGlynn Jade McGlynn, Zaluzhny, Zaluzhny’s, Volodymyr Zelensky, Igor Zhovka, Ukraine gloatingly, Volodymyr Zelenskyi, NATO Jens Stoltenberg, Yan Dobronosov, Dmitry Peskov, Peskov, Anatolii Stepanov, Washington, ’, Putin, worldviews, Vladimir Putin, Ukrainian Armed Forces Valeriy Zaluzhny, Gleb Garanich Organizations: Center for Strategic, International Studies, CNN, Western, Ukraine, NATO, Ukrainian Air Defence, Kremlin, Ukrainian Armed Forces, Reuters, EU, North Korea — Locations: Putin’s Russia, Ukraine, Russia, frontlines, Kyiv, AFP, North America, West Germany, West, Iran, North Korea, freefall, Europe, Eastern Europe, Korea

☆ The No. 1 'hidden' skill behind billionaire Bill Gates' success, says psychology expert—it works 'in any field'
▼ + stars: | 2023-11-07 | by ( Morgan Housel | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - SEPTEMBER 21: Bill Gates, Founder of Breakthrough Energy and Co-Chair of the Bill & Melinda Gates Foundation, speaks onstage at The New York Times Climate Forward Summit 2023 at The Times Center on September 21, 2023 in New York City. Optimism and pessimism are hard to deal with. Optimism and pessimism seem like conflicting mindsets, so it's more common for people to prefer one or the other. Successful people find a balance between pessimism and optimismBill Gates is a great example of how effective this hidden skill is. What Gates seems to get is that you can only be an optimism in the long run if you're pessimistic enough to survive the short run.

Persons: Bill Gates, Melinda Gates, Charlie Rose, Warren Buffett's, Gates Organizations: NEW, Breakthrough Energy, Melinda Gates Foundation, The New York, Climate, The Times Center, Microsoft Locations: New York City

When it comes to money, your mindset has a big impact on the way you spend, save, and invest. For me, four lessons from the book helped me improve my money mindset and invest more. Housel writes, "My own theory is that, in the real world, people do not want the mathematically optimal strategy. This is in line with some advice I've offered in my book "Dear Debt," regarding debt repayment. Reading "The Psychology of Money" was so fulfilling for me and helped me shift my money mindset out of anxiety and scarcity to feelings of "enoughness."

Persons: Reading Morgan, I've, —, Morgan Housel, Warren Buffett, Buffett, it's, Housel, he's, there's, doesn't, Bill Gates, Gates, Kent Evans Organizations: Reading, Service, —

☆ Opinion | What I Read to My Son When the World Is on Fire
▼ + stars: | 2023-11-06 | by ( Miriam Udel | ) www.nytimes.com time to read: +7 min

Children’s books, which present subtle truths in simple terms, offer a valuable tool in retaining our moral bearings, especially amid a maelstrom of grief and rage. In the books I read with my son, I saw the Palestinian children’s authors of today doing something I recognize from my research on the Yiddish children’s literature of the previous century: striving to help children make sense of the world they stand to inherit while writing a better world into being. Instead of reinforcing conventional nationalism, these works followed the general tendency of Yiddish literature, art and film to explore how culture might define a nation. They were created to write a better world into being: Now we must use them to read a better world into being. Children’s literature can’t solve these problems.

Persons: I’ve, Emily Style, Maurice Sendak, Naomi Shihab Nye, Hannah Moushabeck’s “, Amahl, Marjorie Ingall, Janice Hechter’s, ”, “ Daniel, Ismail ”, Juan Pablo Iglesias Organizations: Palestinian, West Bank, Aida Locations: Gaza, Palestinian American, Palestine, ”, Old City, Jerusalem, Bethlehem, Israel

☆ Exclusive: China's clashing priorities behind rare money market distress
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +7 min

"Banks were grudging in lending, leaving non-banks asking each other for money in afternoon trade," he said. The reasons for the spike in interest rates and the ensuing market chaos are detailed here for the first time. They affect foreign exchange movements since the markets are the major avenue for the supply of money. The money market operator CFETS told traders to keep a 5% ceiling on repo transactions and said anyone involved in high-rate deals closed on Oct. 31 would need to explain themselves to regulators, according to sources who received the notice. "If the pattern of money supply and liquidity provision remains unchanged, the whole system remains fragile.

Persons: Xia Chun, Banks, outflows, CFETS, Tom Westbrook, Vidya Ranganathan, Raju Gopalakrishnan Organizations: People's Bank of China, China Foreign Exchange Trade, Yintech Investment Holdings, Reuters, China Everbright Bank, Co, China Central Depository, Shanghai Clearing House, Shanghai, Thomson Locations: SHANGHAI, SINGAPORE, Beijing, Shanghai, China

☆ Rich countries are stumbling into a debt trap
▼ + stars: | 2023-11-03 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

Unlike many corporations and households, the U.S. government did not lock in the low interest rates of the last decade by issuing long-dated debt, preferring instead to skew funding towards bills and short-term bonds. The second route out of the debt trap is to target the primary fiscal surplus, choosing a combination of spending cuts and tax hikes that will stabilise the public debt. That leaves the third route to debt sustainability – keeping real interest rates low. But in the short run, it allows a government to tame the debt ratio without fiscal austerity, and even if growth is sluggish. Governments are indeed stuck in a classic debt trap.

Persons: Joe Biden, Fumio Kishida, Volodymyr Zelenskiy, Kacper, Everett Dirksen, you’re, Dirksen’s, Stanley Druckenmiller, Joe Biden’s, Peter Thal Larsen, Thomas Shum Organizations: Japan's, NATO, REUTERS, Reuters, Congressional, Office, International Monetary Fund, U.S, Treasury, Reuters Graphics Reuters Graphics, Medicaid, Federal, Bank of Japan, Thomson Locations: Ukraine, Vilnius, Lithuania, Illinois, U.S, Britain

☆ Charlie Munger riffs on bitcoin, the woes of stock picking, and this simple habit behind his billionaire status in a new interview. Here are the 8 best quotes.
▼ + stars: | 2023-11-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The 99-year old Vice Chairman of Berkshire Hathaway riffed on bitcoin and revealed the simple habit behind his billionaire status. AdvertisementAdvertisementCharlie Munger, the 99-year old vice chairman of Berkshire Hathaway, sat down with The Wall Street Journal for a new interview this week. Munger, who has an estimated net worth of nearly $3 billion, riffed on everything from bitcoin to the woes of stock picking, and revealed the simple habit behind his billionaire status. Munger is an investor worth listening to given his storied career work alongside Warren Buffett, and the incredible success of Berkshire Hathaway. On stock picking"I think fewer and fewer people are really needed in stock picking.

Persons: Charlie Munger, Berkshire Hathaway riffed, —, Berkshire Hathaway, Munger, Warren Buffett, Buffett, that's, I'm, …, They've Organizations: Berkshire, Service, Wall Street, Venture, Microsoft Locations: United States, England

☆ Goldman Sachs updates its 'directors’ cut’ list of top Europe stocks with major upside
▼ + stars: | 2023-11-03 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Chip stock addition One notable update to Goldman Sach's directors' cut list was the addition of ASML Holdings – a Netherlands-headquartered chip machine-maker that has Taiwan Semiconductor Manufacturing Company ( TSMC ) as its biggest customer. Stocks on the list British telecommunications player BT Group made the investment bank's updated directors' cut list – with an upside of around 149% from its Oct. 30 close, based on a 12-month price target of £280 ($340.68). Delivery Hero is another favorite stock, with a price target of 53.90 euros ($57.04), giving it an upside of approximately 128%. German real estate player Vonovia was another company that made the investment bank's list with 75% upside based on a 12-month price target of 36.70 euros. They are thus focused on identifying quality growth and select value stocks for their their conviction list of top buy-rated stocks.

Persons: Goldman Sachs, Goldman, ASML Holdings Goldman, Stocks, Vonovia, — CNBC's Michael Bloom Organizations: ASML Holdings, Taiwan Semiconductor Manufacturing Company, Euronext, Nasdaq, BT Group Locations: Europe, Netherlands, Euronext Amsterdam, ASML, bullish, British

LOS ANGELES (AP) — “Friends” star Matthew Perry, the Emmy-nominated actor whose sarcastic, but lovable Chandler Bing was among television’s most famous and most quotable characters, has died at 54. “Matthew was an incredibly gifted actor and an indelible part of the Warner Bros. Television Group family,” the company said in a statement. As Chandler, he played the quick-witted, insecure and neurotic roommate of LeBlanc's Joey and a close friend of Schwimmer's Ross. I ‘was’ Chandler.”Unknown at the time was the struggle Perry had with addiction and an intense desire to please audiences. But I could sometimes say a line and the audience wouldn’t laugh and I would sweat and sometimes go into convulsions,” Perry wrote.

Persons: —, Matthew Perry, Chandler Bing, “ Matthew, ” Perry’s, Drake Madison, ”, Jennifer Aniston, Courteney Cox, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Chandler, LeBlanc's Joey, Schwimmer's Ross, Perry, Matthew, Matty, Cox's Monica, “, ’ Chandler, ” “, ” Perry, Aniston, HBO Max, James Corden, Salma Hayek, Bruce Willis, Oscar, Oscar Madison, Walter Matthau, John Bennett Perry, Suzanne, Pierre Trudeau, Keith Morrison, Alicia Rancilio, Janie Har, Hillel Italie, Ryan Pearson, Anthony McCartney Organizations: ANGELES, Los Angeles, Los Angeles Times, Warner Bros . Television Group, Associated Press, AP, HBO, White, CBS, Canadian, Dateline, ___ Associated Press Locations: Los, New York, Williamstown , Massachusetts, ___

☆ The Real End of David Chang’s Momofuku Ko Happened Years Ago
▼ + stars: | 2023-10-28 | by ( Pete Wells | More About Pete Wells | ) www.nytimes.com time to read: +2 min

It was the restaurant where we first witnessed a frozen torchon of foie gras being shaved to make a mountain of salty pink snow. Where we had our first spoonful of panna cotta that tasted like the milk in the bottom of a bowl of cornflakes. Rational people began to blame their inability to score on nefarious bots and scalpers, a preview of things to come. Behind this was Mr. Chang’s hunch that the paraphernalia of fine dining — not just white tablecloths but maybe even tables themselves — had become clunky and dated. “Cook’s prices,” as Mr. Chang was heard to say.

Persons: panna, Chang, You’ve, Ko, Le Bernardins, Daniels, Jean, Georges, —, . Chang Locations: Tennessee

☆ UChicago psychologist shares his No.1 brain hack for critical thinking and memory skills: Think in a foreign language
▼ + stars: | 2023-10-28 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Your second language presents a brain shortcutSpeaking in your native language is easy — and it can lull your brain into being less able to process information objectively, says Gallo. When that happens, you're stuck in a mindset Gallo refers to as "hot cognition," also known as "System 1 thinking." "When you are thinking in your second language, you are being very analytical and careful about the surface-level features of information," he explains. Using your second language acts as a quick shortcut into "Spock mode," Gallo says. It can help you avoid false memories and misinformationThe benefits of a second language extend beyond analytical thinking, says Gallo.

Persons: David Gallo, monolinguals, Gallo, Monolinguals, Boaz Keysar, —, Spock, It's, Rosetta Stone Organizations: University of Chicago, Research, CNBC

☆ 4 stocks that a trio of the world's best money managers are placing massive bets on — plus 4 investing philosophies and strategies that fuel their success
▼ + stars: | 2023-10-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Have a concentrated portfolioHaving a concentrated portfolio means investing in a relatively small number of stocks as opposed to a larger number for the sake of diversity. Buy quality stocksSucceeding with a concentrated portfolio relies on one thing: buying quality stocks. A quality stock is a company that's able to consistently post profits and returns on capital. Apple and Alphabet would be considered consensus quality stocks, and Munger is well known for his fondness of shares of Coca-Cola, another stock traditionally classified as quality. Buy stocks with good management teamsOne element of a company that makes it "quality" is its management team.

Persons: Charlie Munger, Bill Ackman, Michael Baron —, We've, Baron, Ackman, Ron Baron, Warren Buffett, Munger, he's, they've, They've Organizations: CNBC's, Alpha, Pershing Square Holdings, Universal Music, Morningstar, Partners Fund, Nasdaq, Berkshire Hathaway, Apple, Coca Locations: Munger, Ackman, Berkshire

“We’re all a little star-struck, to be honest,” said Timothy Magner, the president of the Greater Shreveport Chamber of Commerce, who corrected himself to use the new “speaker” title to refer to Mr. Johnson. (Multiple friends and colleagues said he has a knack for impressions of politicians, which they cited as evidence of a sense of humor.) “He would tell you he’s never surprised by God’s ordinance,” she added. “And the thing about Mike is — he means that answer.”Some constituents said that they, too, were among the many Americans learning about Mr. Johnson this week. In Opelousas, in the southern slice of his district, Shawana Johnson, 43, said she heard of him for the first time through a canvassing text message on Wednesday.

Persons: “, ”, Timothy Magner, Johnson, Washington acclimates, Mary, Patricia Wray, he’s, Mike, Shawana Johnson Organizations: Greater, Greater Shreveport Chamber of Commerce Locations: Greater Shreveport, Louisiana, Opelousas

☆ Yoko Ono and the Women of Fluxus Changed the Rules in Art and Life
▼ + stars: | 2023-10-27 | by ( Martha Schwendener | ) www.nytimes.com time to read: +1 min

Sitting onstage at Carnegie Hall while audience members come up to snip her clothing off with scissors. These are some of the actions taken in the name of art in “Out of Bounds: Japanese Women Artists in Fluxus” at the Japan Society, an exhibition that focuses on four revolutionary women, Shigeko Kubota, Takako Saito, Mieko Shiomi, and one you’ve probably heard of before, Yoko Ono. Fluxus was founded in the early 1960s and paved the way for Conceptual art, Minimalism, performance and video. But by focusing on four Japanese women, the show asks: Who stands the test of time? Was Fluxus really a blueprint for the future?

Persons: Shigeko Kubota, Takako Saito, Mieko Shiomi, Yoko Ono, John Cage, Midori Yoshimoto, Tiffany Lambert, Ayaka Iida Organizations: Carnegie Hall, Artists, Fluxus, Japan Society

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