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☆ Ukrainian soldier says he crawled for 3 days to escape after he was stranded behind enemy lines
▼ + stars: | 2023-11-28 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Ukrainian soldier described a daring and desperate effort to get back from behind enemy lines. The soldier told Pravda he crawled for three days, while trying to hide from drones and snipers. AdvertisementA Ukrainian soldier said he had to crawl for three days to get back from behind enemy lines, all the while trying to avoid being seen and killed by Russian soldiers. "Now I realise that the reason no one went near me was because I was in a minefield," he told Pravda. Khokhol told Pravda he crawled over two miles and was almost hit by a sniper.

Persons: —, Khokhol, Conan, Khokhol's Organizations: Service, Special Forces Unit, Pravda, Russian Locations: Ukrainian, Russia, Kupiansk

☆ A teenager who fled Russia-occupied Ukraine sent a police officer who was trying to find him a mocking selfie to show he made it to Kyiv
▼ + stars: | 2023-11-28 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

The Post reported that the boy then sent a police officer a selfie from Kyiv, to prove he'd escaped. AdvertisementA teenager who escaped from Russia-occupied Ukraine sent a jeering selfie to a police officer who was looking for him to show that he'd made it to Kyiv, The Washington Post reported. He is one of the many children that Ukraine and its allies, including the US, have accused Russia of forcibly deporting. AdvertisementUkraine said it has identified almost 20,000 Ukrainian children that Russia has deported. Lavrov's testimony could be helpful in Ukraine's efforts to seek justice for children taken by Russia, the Post reported.

Persons: he'd, —, Rostyslav Lavrov, Lavrov, Vladimir Putin Organizations: Washington Post, Service, The Washington Post, Russian, Police, EU, Russia, US State Department Locations: Ukrainian, Russian, Crimea, Kyiv, Russia, Ukraine, Ukraine's Kherson, Kherson city, Maidan Square, Belarus

REUTERS/Aly Song/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - M&G Real Estate (MNG.L) forecasts it is "a matter of time" before global property markets face greater volumes of forced selling, with banks increasingly reluctant to refinance troubled or lower quality assets at current interest rates. "We are in a new period of real estate investment that will require a new mindset," he told Reuters before the publication of the firm's Global Real Estate Outlook on Tuesday. Nearly 40% of outstanding British commercial real estate loans are due to mature in 2024 and 2025, where average real estate values have fallen by over 20% since mid-2022, the report said, citing data from Bayes Business School. "Real estate debt is becoming an increasingly attractive investment proposition," Pellicer said. U.S. office-based working is at only 50% of pre-pandemic levels, the report cited real estate services firm JLL (JLL.N) as estimating, while numbers in Europe have recovered to 75%.

Persons: Aly, Jose Pellicer, Pellicer, G, Carolyn Cohn, Sinead Cruise, Alexander Smith Organizations: REUTERS, G, Reuters, Bayes Business, Thomson Locations: Shanghai, China, Germany, Sweden, Europe, United States, Asia

[1/4] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. In precious metals, gold hit a six-month high with a boost from the softer dollar and expectations for a pause in Fed tightening. There's a growing sense the economy is slowing, that price growth will likely continue to fall, that profit growth will likely fall," said Jack Ablin, chief investment officer at Cresset Capital, in Chicago. The U.S. dollar index slid against most major currencies on Monday and was on track for a monthly decline of more than 3%, which would be its biggest monthly drop in a year. The dollar index was down 0.203%, with the euro up 0.11% to $1.0951.

Persons: Brendan McDermid, Brent, Jack Ablin, Ablin, Christine Lagarde, Jim Barnes, Sterling, Sinéad Carew, Chuck Mikolazczak, Harry Robertson, Wayne Cole, Stephen Coates, Ed Osmond, Chizu Nomiyama, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, U.S, Federal Reserve, Cresset, Dow Jones, Nasdaq, European Central Bank, Central, Reuters Graphics Oil, Thomson Locations: New York City, U.S, Europe, OPEC, Chicago, Bryn Mawr, Berwyn , Pennsylvania, Israel, New York, London, Sydney

☆ Russian students are being asked to donate their vapes so the parts can be used in combat drones, report says
▼ + stars: | 2023-11-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russian students are being asked to turn in their vapes, per a report. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStudents at a Russian university are asking their peers to donate their vapes to help the Russian military, a report said. Their components can be repurposed to make drones for Russia's invasion of Ukraine, according to Russian publication Novaya Gazeta Europe.

Persons: — Organizations: Service, Novaya Gazeta Europe, Russia's University of, university's Military Department, Kyiv Post Locations: Russia, Ukraine, Russia's, Russia's University of Samara, Russian, Soviet, USSR, Ukrainian, Kyiv

☆ Ukraine turned a Soviet antiaircraft gun into a deadly ground weapon that can kill dozens of soldiers at a time, report says
▼ + stars: | 2023-11-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

The truck-mounted modified gun can kill dozens of Russians at a time, the unit told the Daily Beast. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkrainian soldiers have turned a Soviet-era antiaircraft gun into a fast-moving ground weapon that can kill dozens of Russian soldiers at a time, the Daily Beast reported. The resulting weapon is one that can hit targets spread out up to 328 feet apart, and can kill dozens of soldiers with one blast, the report said. AdvertisementEvegeny Iitvin, a sergeant in the unit, told the Beast that in just three days one of the guns had "already destroyed 1,000" Russian soldiers.

Persons: —, Evegeny, Jake Epstein, It's, Iitvin, Biden Organizations: Daily, Service, Artillery Battery Unit, Ukraine's 241st Brigade, 241st Brigade Locations: Ukraine, Soviet, Russia, Soviet Union

Barclays Bank logo is seen in this illustration taken March 12, 2023. As part of these 1,500 to 2,000 jobs could be cut if implemented in full, the person said. Barclays' 1 billion pound cost saving target would represent about 7% of the bank's underlying annual operating expenses of 15 billion pounds in 2022. Meanwhile, annual staff costs at BX have risen to 2 billion pounds, from 1.8 billion pounds. Barclays is "evaluating material structural cost actions", Venkat said when it reported disappointing third quarter results in October.

Persons: Dado Ruvic, C.S, Venkatakrishnan, Venkat, Sinead Cruise, Lawrence White, Alexander Smith Organizations: Barclays Bank, REUTERS, Barclays, Services, Chief, Barclays Execution Services, BX, Deutsche Bank, BNP, UBS, Reuters, Boston Consulting Group, Thomson Locations: British

☆ Why Ukraine hasn't been using its dozens of powerful US Abrams tanks
▼ + stars: | 2023-11-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine has not used US-made Abrams tanks since they arrived in September, analysts said. AdvertisementThe US sent 31 advanced M1A2 Abrams tanks to Ukraine in September — but they've been notably absent from an actual fighting there. AdvertisementSince receiving its first batch of Abrams in September, Ukraine has likely mixed them with the US-made M2 Bradley infantry fighting vehicles, Cancian told BI. Sergej Sumlenny, founder of the European Resilience Initiative Center in Germany, said the US missed its moment to send its Abrams tanks. Now, with Russia's defensive lines stretching over 1,000 kilometers, or 745 miles , he said the 31 US-provided Abrams tanks are too few to play a "decisive" role in the war.

Persons: Abrams, —, they've, Mark Cancian, Cancian, Bradleys, Bradley, Sinéad Baker, Kateryna, Sergej Sumlenny, Sumlenny, That's, Ukraine's Ministry of Defense didn't Organizations: Business, Service, US Marine, Center for Strategic, International, Bradley, Institute for, European Resilience Initiative, 47th Mechanized Brigade, Ukraine's Ministry of Defense Locations: Ukraine, Russia, Germany, Zaporizhzhia

[1/2] British Prime Minister Rishi Sunak speaks during the opening session of the Global Food Security Summit at Lancaster House in London, Britain November 20, 2023. Years of political churn - with five prime ministers and a non-stop ministerial carousel since the 2016 Brexit vote - have shaken Britain's reputation for stability among investors. Some executives say the country, long a magnet for FDI, has simply taken them for granted. But companies and investors say that a focus by regulators on limiting costs for bill-payers in sectors such as water, telecoms and energy has crimped investment. British investment minister Dominic Johnson said the government would be in listening mode at the gathering on Nov. 27 to hear how it can remove hurdles.

Persons: Rishi Sunak, Dan Kitwood, Sunak, Emanuel Macron, Jack Paris, Paris, Jeremy Hunt, EY, Alina Osorio, Mikhail Taver, Richard Harrington, Harrington, Dominic Johnson, Johnson, Kate Holton, Sinead Cruise, Andy Bruce, Alexander Smith Organizations: British, Global Food Security, Lancaster House, Hampton Court, Partners, Reuters, European Union, United, Labour Party, India's Tata Group, Britain, AstraZeneca, Ireland, Thomson Locations: London, Britain, Hampton, France, Versailles, European, Germany, United States, Europe, Delaware

NatWest Group bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. "I will explore options for a NatWest retail share offer in the next 12 months subject to supportive market conditions and achieving value for money," Hunt said on Wednesday. NatWest shares dipped on Hunt's comments and were last down 1.1% at 204.7 pence, compared with a 0.2% fall in the FTSE 100 (.FTSE) index. The stock is the worst performing FTSE 100 British bank stock this year, down more than a fifth, according to Eikon data. That investment turned sour for many and shares in the renamed holding company International Distributions Service (IDSI.L) are now worth 25% less than its 330 pence offer price.

Persons: Dado Ruvic, Jeremy Hunt, Hunt, Sid, Alasdair Haynes, Nigel Farage, Alison Rose, Iain Withers, Sinead Cruise, David Milliken, Sarah Young, William James, Elaine Hardcastle, Alexandra Hudson Organizations: NatWest Group, REUTERS, Companies, NatWest, Aquis, Royal Mail, Distributions Service, Alexandra Hudson Our, Thomson

The Nasdaq boasted its highest closing level since July 31 while the S&P 500 registered its highest close since Aug. 1. Its biggest boost came from Microsoft (MSFT.O) shares which touched a record high and ended up 2%. The benchmark S&P 500 (.SPX) ended less than 1% below its 2023 closing peak reached in late July. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The S&P 500 posted 29 new 52-week highs and one new low; the Nasdaq Composite recorded 78 new highs and 90 new lows.

Persons: Bristol Myers, Satya Nadella, Sam Altman, Greg Brockman, Bruce Zaro, Dow, Brendan McDermid, Germany's Bayer, decliners, Sinéad Carew, Amruta, Maju Samuel, Pooja Desai, Richard Chang Organizations: Microsoft, Bristol, Dow, Nasdaq, Nasdaq's, Nvidia, Apple, Granite Wealth Management, Dow Jones, Federal, New York Stock Exchange, REUTERS, Graphics, Traders, Bristol Myers Squibb, Sunday, Boeing, Deutsche Bank, NYSE, Thomson Locations: Providence , Rhode Island, New York City, U.S, Thursday's U.S, New York

☆ Russian soldiers are rumored to be sticking their hands out of trenches because they want to get shot
▼ + stars: | 2023-11-21 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Russian woman is campaigning for her husband to be sent back from Ukraine, according to Govorit NeMoskva. She'd heard Russian soldiers were so exhausted, they would put their hands out of trenches. AdvertisementRumors are circulating that Russian soldiers are so tired in Ukraine, that they are sticking their hands out of trenches in a deliberate bid to get injured, the wife of a mobilized soldier told Russian outlet Govorit NeMoskva. Russian soldiers have previously been reported to be seeking injury so they can get away from the fighting. AdvertisementThe report said she was worried Russian soldiers would make mistakes and harm each other due to fatigue.

Persons: Govorit, She'd, — Organizations: Service, Moscow Times Locations: Ukraine, Russian, Russia

☆ S&P 500 to see small gain in 2024 as US economic risks rise - Reuters poll
▼ + stars: | 2023-11-21 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

The S&P 500 is up about 18% for 2023 to date. WFII sees the S&P 500 ending next year between 4,600 and 4,800. Geopolitical problems are among other risks to the market heading into 2024, strategists said, with investors closely watching the war between Israel and Hamas militants in Gaza. Overall S&P 500 earnings growth for 2023 is estimated at 2.3% after a weak first half of the year, according to LSEG data. The S&P 500 index's forward 12-month price-to-earnings ratio is now at 19.1, up from 17 at the end of 2022 and its long-term average of about 16, based on LSEG data.

Persons: Brendan McDermid, Paul Christopher, WFII, CME's, Goldman, Tim Ghriskey, Ingalls & Snyder, Dow, Caroline Valetkevitch, Chuck Mikolajczak, Sinead Carew, Stephen Culp, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Alexandra Hudson Organizations: New York Stock Exchange, REUTERS, Reuters, Wall, Federal, Wells, Wells Fargo Investment Institute, U.S, Ingalls &, Dow, Alexandra Hudson Our, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza, New York, Monday's, Bengaluru

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The S&P 500 information technology sub-index (.SPLRCT), up 1.6%, was the top gainer among the S&P 500's 11 major sectors, getting its biggest boost from Microsoft's shares (MSFT.O) which touched a record high and were last up 2%. Microsoft will also take on Greg Brockman, another OpenAI cofounder, as well as other researchers. The benchmark S&P 500 (.SPX) was also closing back in on its year-to-date high reached in July, just a little over 1% below the milestone. The S&P 500 posted 25 new 52-week highs and one new low; the Nasdaq Composite recorded 70 new highs and 78 new lows.

Persons: Brendan McDermid, Bristol Myers, Satya Nadella, Sam Altman, Greg Brockman, Bruce Zaro, Germany's Bayer, decliners, Sinéad Carew, Amruta, Maju Samuel, Pooja Desai, Richard Chang Organizations: New York Stock Exchange, REUTERS, Microsoft, Bristol, Dow, Nasdaq, Apple, Nvidia, Investors, Granite Wealth Management, Dow Jones, Federal, Traders, Graphics, Bristol Myers Squibb, Sunday, Boeing, Deutsche Bank, NYSE, Thomson Locations: New York City, U.S, Providence , Rhode Island, Thursday's U.S, New York

☆ Ukraine wants Russian soldiers to be 'hungry, cold and have no desire to fight' by disrupting its logistics this winter
▼ + stars: | 2023-11-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine's winter goal is disrupting Russia's logistics, a military spokesperson said. The aim is to make Russian forces "hungry, cold, and have no desire to fight." AdvertisementThe main goal for Ukraine's military over the winter months will be disrupting Russia's military logistics so much that its troops are left with no will to fight. He said Ukraine's "main task" over the winter will be to disrupt Russia's logistics "so that they are hungry, cold, and have no desire to fight." Russia's troops can be stuck "outside, getting wet and cold" and targeted strikes by Ukriane could degrade Russian logistics, Watling said.

Persons: —, Volodymyr Fitio, Fitio, Dr Jack Watling, Watling Organizations: Service, Ground Forces Command, Kyiv Post, Royal United Services Institute Locations: Russia, Ukraine, Kyiv

The S&P 500 (.SPX), the Nasdaq (.IXIC) and the Dow (.DJI) registered their third straight week of gains. For the week, the S&P 500 added 2.2% while the Nasdaq composite rose 2.4% and the Dow climbed 1.9%. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsEnergy, finishing up 2.1%, was the biggest percentage gainer among the 11 major S&P 500 sectors as oil prices settled up more than 4%. The S&P 500 posted 18 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 55 new highs and 97 new lows.

Persons: Michael Barr, Mary Daly, Susan Collins, Robert Phipps, Per Stirling's Phipps, Dow, Jack McIntyre, Brendan McDermid, Russell, Rick Wilmer, Sinéad Carew, Shristi, Maju Samuel, Pooja Desai, David Gregorio Our Organizations: Dow, Nasdaq, Federal, San Francisco Fed, Boston Fed, Applied Materials, U.S . Justice, Stirling, Dow Jones, Brandywine Global, Traders, New York Stock Exchange, REUTERS, Rights Energy, Technology, Microsoft, Ross Stores, Old Navy, ChargePoint Holdings, NYSE, Thomson Locations: U.S, China, Austin Texas, Philadelphia, New York City, New York, Bengaluru

☆ A Ukrainian woman had to become a Russian citizen to get her broken arm treated in occupied Ukraine, her friend says
▼ + stars: | 2023-11-17 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainians in occupied areas have to get Russian passports for medical treatment, per an investigation. One woman had to get a Russian passport in order to get her broken arm treated, her friend said. AdvertisementA Ukrainian woman in an area occupied by Russia had to become a Russian citizen in order to get her broken arm treated, her friend said. She also said that "pensions are not provided without Russian passports, food is not provided without Russian passports, and medical services are out of the question." Their claims come after widespread reports that Russia is forcing schools in occupied Ukraine to teach Russia's curriculum and history.

Persons: —, Larysa, Nathaniel Raymond, Oksana Organizations: Service, European Broadcasting Union, Kremlin, BBC, EBU, Yale School of Public Health, CNN, Lyudmyla Locations: Russian, Russia, Ukraine, Ukraine's Zaporizhzhia, Ukraine's Crimea

☆ Boygenius pay tribute to Sinéad O’Connor with charity single
▼ + stars: | 2023-11-17 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —The indie supergroup boygenius released a charity single on Friday, paying tribute to Sinéad O’Connor, the Irish singer-songwriter who died in July at age 56. Boygenius collaborated with Irish folk duo Ye Vagabonds to produce a cover of the popular folk song “The Parting Glass,” with the proceeds going to the Aisling Project – a Dublin-based charity chosen by O’Connor’s estate, which provides after-school activities, support and meals for disadvantaged children and young people. “We are absolutely thrilled that boygenius have chosen to give proceeds from the release to Aisling Project,” Project Leader Mícheál Clear told CNN. “It’s an absolute privilege to be associated with the stunningly beautiful homage to Sinéad O’Connor and we can’t possibly thank boygenius enough.”Sinéad O'Connor performs in Amsterdam, Netherlands in 1988. Like the recently Grammy-nominated boygenius, O’Connor also sang a version of “The Parting Glass” as a track on her 2002 album “Sean-Nós Nua.”

Persons: Sinéad O’Connor, Boygenius, Ye, boygenius, Clear, “, Sinéad, ” Sinéad O'Connor, Paul Bergen, Phoebe Bridgers, Lucy Dacus, Julien Baker, O’Connor, Stone, Sean, Nós, ” Organizations: CNN, Aisling, Catholic Locations: Irish, –, Dublin, Amsterdam , Netherlands

"This super pre-emptive right will work only in specific cases, with specific companies," Chebeskov said on the sidelines of a financial forum in Moscow on Nov. 14. "The idea was that this concerns only those strategic companies in which the state already has a share," Chebeskov said. The lack of clarity and uncertain timeline highlights the unpredictable nature of regulatory changes facing investors and businesses seeking to adjust their exposure to Russia. This compares with net outflows of around $48 million in March 2022 and $69 million in February this year. Western investors have already struggled to get assets out of Russia.

Persons: Vladimir Putin, Ivan Chebeskov, Chebeskov, Rybalkin, Tskhakaya, Thomas J Brock, Carlsberg's, Putin, JP Morgan, JPM, Vijay Marolia, Brock, Sinead Cruise, Alexander Marrow, Elena Fabrichnaya, Darya Korsunskaya, Jane Merriman Organizations: Ukraine LONDON, Reuters, Nato, Dyakin, Partners, Kaiser Consulting, Investors, Morningstar Direct, Federal Property Agency, Assets, Deutsche Bank, Regal Point Capital, HSBC, Expobank, Thomson Locations: Russia, Ukraine, MOSCOW, Moscow, Russian, Magnit, London

Target's bright outlook lifted shares of other retailers including Macy's (M.N), which rose 7.5%, and Kohl's (KSS.N), which closed up almost 9%. The S&P 500 consumer staples index (.SPLRCS), which includes Target, was the top sector gainer, adding 0.7%. "Those two data points reaffirmed the message from Tuesday that the Fed seems to be navigating the soft landing quite well," said Ronald Temple, chief market strategist at Lazard. Among individual stocks, retailer TJX's (TJX.N) shares fell 3.3% after it forecast current-quarter profit below Wall Street expectations, signaling spiraling costs weighing on margins. The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 106 new highs and 89 new lows.

Persons: ValueAct, Stocks, Ronald Temple, Wall, Temple, Brendan McDermid, Walt Disney, Russell, Joe Biden, Xi Jinping, Biden, Warren Buffett's Berkshire Hathaway, decliners, Sinéad Carew, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel, Pooja Desai, Richard Chang Organizations: Dow, Nasdaq, Federal, Target, Reuters, Lazard, Dow Jones, New York Stock Exchange, REUTERS, Walt, ValueAct Capital, Money, U.S . House, Senate, Republican, TJX's, Sirius XM, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ A Russian soldier was promised a prosthetic arm but ended up getting 'a metal stick with a plastic tip'
▼ + stars: | 2023-11-16 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

It took months, and he said one of them was just "a metal stick with a plastic tip." He's now suing Russia's social security service. AdvertisementHe then contacted Russia's Social Insurance Fund about getting prosthetics. "It's just a metal stick with a plastic tip!" Injured Russian soldiers have also reported being sent back to the front lines without getting proper medical treatment.

Persons: he'd, He's, —, Vadim Sharipov, Sharipov, John Kirby Organizations: Service, Radio Free Europe, Russia's Social Insurance Fund, Daily, Russia's Social Insurance, UK Ministry of Defence, National Security Locations: Russian, Ukraine, St, Petersburg, Russia

☆ The top topic on China's Twitter is an old photo of Xi Jinping posing at the Golden Gate Bridge
▼ + stars: | 2023-11-16 | by ( Matthew Loh | Sinéad Baker | ) www.businessinsider.com time to read: +3 min

An old photo of China's Xi Jinping circulated online as he met with Joe Biden in San Francisco. It shows Xi, visibly younger, smiling with the Golden Gate Bridge in the background. AdvertisementAn old photo of Chinese leader Xi Jinping posing at the Golden Gate Bridge is now one of the most talked-about things on China's social media. The faded photo shows Xi, visibly younger, smiling with the Golden Gate Bridge in the background. AdvertisementPointing to a photo in his phone with the Golden Gate Bridge in the background, President Biden asked President Xi, “Do you know this young man?” “Oh yes,” said President Xi, “this was 38 years ago.”🌞 pic.twitter.com/r65Em6Z7oS — Hua Chunying 华春莹 (@SpokespersonCHN) November 16, 2023"Do you know this young man?"

Persons: Xi, Joe Biden, —, Xi Jinping, Hua Chunying, Biden, ”, erving, uring Organizations: Service, Economic Cooperation, Chinese Foreign Ministry Locations: San Francisco, Asia

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. The bright outlook lifted shares of other retailers including Macy's (M.N) and Kohl's (KSS.N), while the S&P 500 consumer staples index (.SPLRCS), which includes Target, was among the top sector gainers. "Those two data points reaffirmed the message from Tuesday that the Fed seems to be navigating the soft landing quite well," said Ronald Temple, chief market strategist at Lazard. The benchmark S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) had posted their biggest daily percentage gains in more than six months on Tuesday, after the consumer prices data. The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 104 new highs and 69 new lows.

Persons: Brendan McDermid, ValueAct, Stocks, Ronald Temple, Temple, Joe Biden, Xi Jinping, Biden, Walt Disney, Warren Buffett's Berkshire Hathaway, decliners, Sinéad Carew, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel, Pooja Desai, Richard Chang Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal, Reuters, Lazard, Dow Jones, U.S . House, Senate, Republican, ValueAct Capital, Sirius XM, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ Goldman sees S&P 500 rising to 4700 by year-end 2024
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

David Kostin, Chief US Equity Strategist for Goldman Sachs, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2022. REUTERS/Brendan McDermid/file photo Acquire Licensing RightsNov 15 (Reuters) - Goldman Sachs investment strategists said on Wednesday that they now expect the S&P 500 to end 2024 at 4700, implying a roughly 6% gain including dividends. The estimate, from a research note led by chief equity strategist David Kostin, is based on modest economic expansion, an increase in earnings of 5% and a valuation multiple of 18. The target assumes a roughly flat market during the first half of the year with returns concentrated in the second half, after the Federal Reserve starts cutting interest rates and the U.S. election overhang ends. Reporting By Sinéad CarewOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kostin, Goldman Sachs, Brendan McDermid, Sinéad Carew Organizations: US Equity, CNBC, New York Stock Exchange, REUTERS, Federal Reserve, Thomson Locations: New York City, U.S

☆ Footage shows a graveyard of Russian armored vehicles in Avdiivka, where Russia has mounted its biggest attack in months
▼ + stars: | 2023-11-15 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Video shared by Ukraine shows the scale of Russian losses at Avdiivka. AdvertisementNew video shows the battered remains of Russian vehicles in an area where Russia has launched its biggest attack against Ukraine in recent months. Aerial footage shared by General Oleksandr Tarnavskyi, commander of Ukraine's Tavriia Operational Strategic Group, on Monday showed destroyed and smoking Russian vehicles in fields near Avdiivka, along with what appear to be dead Russian soldiers. Ukraine has claimed that Russia lost more than 6,000 soldiers and over 400 armored vehicles there in just one week last month. The 53rd Separate Mechanized Brigade on Sunday described it as a "mass suicide" action by Russia and said hundreds of Russian soldiers had been killed.

Persons: —, Oleksandr Tarnavskyi, Ukraine's, Russia's, Volodymyr Zelenskyy, Riley Bailey Organizations: Service, Strategic, Ukraine's, Mechanized Brigade, UK Ministry of Defence, MOD, Institute for Locations: Ukraine, Avdiivka, Russia, Russian, Bakhmut

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