Monthly Archives: October 2022

Miami Mayor Francis Suarez says he’s considering a run for president in 2024

Mayor of Miami Francis Suarez, and president of US Conference of Mayors introduces President Joe Biden to speak at the U.S. Conference of Mayors’ 90th Annual Winter Meeting at the Capitol Hilton in Washington, Friday, Jan. 21, 2022. Andrew Harnik/AP Photo Miami Mayor Francis Suarez said he would consider running for president in 2024. “It’s…

The stock market is still too expensive even after its 25% decline, but there are bargains to be had in small caps, Goldman Sachs says

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. Bryan R Smith The stock market remains too expensive even after its 25% year-to-date decline, according to Goldman Sachs.The S&P 500’s forward P/E multiple of 15.8x is in the 66th percentile on a historical basis,…

Kanye West has long bragged that he has the attention of ‘the youth,’ but his audience will be older after his move to Parler

Kanye West Evan Agostini/Invision/AP Kanye West agreed to buy social platform Parler after he was locked out of Twitter and Instagram. Compared to Twitter, West’s reach would be reduced on Parler, and his audience would change. Parler’s users lean older, and West has a fraction of the followers on Parler that he does on Twitter….

Wharton professor Jeremy Siegel says fear of Fed overtightening is what’s keeping stock prices down, and the market could rally 30% next year

Jeremy Siegel, professor of finance at the Wharton School, University of Pennsylvania. REUTERS/Steve Marcus Fear of Fed overtightening is keeping stocks depressed, but the market could gain 30% in a rally next year, Jeremy Siegel said. He pointed to falling inflation indicators, meaning one of the biggest risks to the market is the Fed hiking…

Russia is slamming explosive suicide drones into Ukrainian cities. Here’s what these weapons do.

A drone attack in Kyiv on October 17, 2022, amid the Russian invasion of Ukraine. YASUYOSHI CHIBA/AFP via Getty Images Russian forces have used Iranian-made suicide drones to strike cities across Ukraine. There have been several attacks in cities far from the battlefield, the most recent in Kyiv on Monday. The munitions have been identified…

Obama says he still views his job as uplifting the next generation of Democrats — as a former aide joked about the ‘Silent Generation’ leading the party

Former President Barack Obama shakes hands with President Joe Biden during the unveiling of Obama’s White House portrait. Carolyn Kaster/AP “Pod Save America” co-host Jon Lovett joked with Obama about the age of the nation’s leaders. Lovett quipped whether the next generation of leadership Obama talks about was “The Silent Generation. Insider’s “Red, White, and…

The US dollar could be stronger for longer as the market hasn’t priced in 3 key developments, Goldman Sachs says

SimpleImages The dollar could keep gaining as recent developments have yet to be taken into account by FX markets.  Goldman Sachs wrote in a note that persistent inflation could keep pushing the greenback higher. It also cited global fiscal challenges and financial stability concerns as reasons for dollar strength.  The US dollar is poised to…