The Fed is set for a pause Why the stock

The Fed is set for a pause. Why the stock market is set for a fall. – Barrons

The S&P 500 index had gained 7.7% this year, in part on hopes the Fed would take a pause. Economic growth has slowed, dragging inflation down with it, giving Fed Chair Jerome Powell reason to stop tightening if he chooses to. That’s a relief for the market, which struggled with some of the fastest rate hikes in history last year.

Still, the stock market fell as the Fed hiked rates a quarter-point, but hinted that a pause is indeed imminent. The S&P 500 fell 0.8%, while the Dow Jones Industrial Average fell 1.2%. Only the Nasdaq Composite finished higher, up 0.1%.

We can easily cite a few reasons for the decline over the past week. A market expecting a pause is not a market that will recover when it gets what it wants. And while the Fed signaled the end of rate hikes, it didn’t signal the start of rate cuts, leading some observers to dub Powell’s action a “hawkish pause.” But the biggest reason may be the ongoing collapse in bank stocks.

SPDR S&P Bank’s exchange-traded fund (ticker: KBE) fell 8.1% last week despite First Republic Bank’s sale to JPMorgan Chase (JPM), which was meant to end the crisis but appears to have hastened it. Keep in mind that high interest rates are one of the main reasons banks are under pressure in the first place, as depositors move to higher-yielding alternatives. Another raise — and a plan to stay high — isn’t going to help the situation much.

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“The Fed doesn’t really think about what can go wrong with the banking system,” said Rhys Williams, chief investment officer at Spouting Rock Asset Management.

Powell also downplayed the possibility that the Fed could — or should — do anything about the debt ceiling. Treasury Secretary Janet Yellen has set the X-date for June 1, less than a month away. The financial markets are worried, even if the stock markets are not. The cost of protecting against a US default with credit default swaps has increased tenfold since the end of 2022, while Thursday’s one-month Treasury bill auction saw yields hit a record high of 5.84%. Add it to the list of things the Fed isn’t really thinking about.

Of course, an unexpectedly strong jobs report did much to calm jitters about an imminent recession. But despite a big gain on Friday, the S&P 500 failed to return to 4200, a key level that acted as a ceiling for the index. And the longer the index fails to break through, the more likely it is that the next move will be lower. Evercore strategist Julian Emanuel puts the next level of support at around 3800, down 8.1% from Friday’s close of 4136.25 and dropping to the bear market low of just under 3600.

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“There will be much better risk/reward opportunities to add to stocks than there are now,” says Emanuel.

As the cliché goes, patience is sometimes a virtue.

write to Jacob Sonenshine at [email protected]

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Prince Louis steals the show at King Charles coronation

Prince Louis steals the show at King Charles’ coronation

lifestyle

May 6, 2023 | 6:39 a.m

It’s King Charles’ big day – but the children of Prince William, 40, and Kate Middleton, 41, didn’t get the memo.

Their youngest son, Prince Louis, came with them as they left for the coronation of King Charles III on the morning of May 6th. and Queen Camilla made.

Louis, 5, waved cutely to onlookers from his car as he and his family were the last to arrive at Westminster Abbey for the ceremony.

George, 9, was given the special assignment of being one of his grandfather’s page honours, after holding on to his red robe as the 74-year-old monarch entered the church.

He joined the other sides, Nicholas Barclay, Lord Oliver Cholmondeley, both 13, and Ralph Tollemache, 12 – the children of some noble families in England.

Elsewhere, Louis and his sister Princess Charlotte came in with their parents, holding hands as they strolled into the 1,000-year-old church.

Little Louis, who was soon seen yawning, was then taken away by his nursemaid after entering the abbey.

George, 9, who will now be second in line to the throne, his sister Princess Charlotte, 8, and mischievous Louis are growing up in the spotlight – and have delighted royal viewers with so many endearing moments.

Prince Louis yawns at the coronation of King Charles III on Saturday. and Queen Camilla. Getty Images Prince William, Kate Middleton, Prince George and Princess Charlotte at the coronation on Saturday. Prince George waits with his page honours, before heading to Westminster Abbey for the coronation of King Charles on May 6th.

These include friendly waves from the balcony, handshakes with dignitaries and even tantrums.

Her uninhibitedness and innocence provide a certain balance between the pomp and circumstance of royal events.

Last summer, during Queen Elizabeth II’s Platinum Jubilee, then 4-year-old Louis was photographed displaying the full range of emotions, from frustration to defiance.

During a ceremonial transfer, Louis covered his ears and screamed while his great-grandmother and mother tended to him.

But when it came to funny faces, an animated Louis was just warming up.

Princess Charlotte and Prince Louis – yawn at the coronation as mum Kate reads the official programme. Getty Images Princess Charlotte busy and Prince Louis appearing a bit distracted at the coronation During Queen Elizabeth II’s Platinum Jubilee in June, Prince Louis showed his displeasure. Samir Hussein/WireImage On the last day of the platinum anniversary, Louis showed off a series of animated faces. Getty Images Louis sits on his grandfather’s lap during the platinum anniversary celebration.Getty Images

On the last day of the platinum anniversary, the wild tot was caught on camera in a series of candid moments, including sticking his tongue out at his mum and waving his fingers, silencing her and grinning while he rested on his grandfather’s lap sat.

Big sister Charlotte is no slouch when it comes to commanding the cameras, though she’s known less for making goofy faces and more for waving at the public.

This dates back to the Trooping the Color event in 2016, held to celebrate her great-grandmother’s 90th birthday. Waving on the balcony was baby Charlotte, 13 months, who wore a pink dress and rested in her mother’s arms while her brother, then 3, looked ready for bedtime.

And she melted hearts after turning and waving to the cameras as her father led her and George to the hospital to see little brother Louis after his birth in 2018.

Kate Middleton holds Princess Charlotte as she waves during a 2016 flyover. Also pictured are her father, Prince William, and her brother, Prince George. AFP via Getty Images George, Louis and Charlotte greet the crowd during Trooping the Color last June. Samir Hussein/WireImage

When Charlotte was born, George and his father were photographed in matching blue sweaters, and the proud big brother did the same: waving at photographers.

The heir even managed to steal the spotlight during a 2016 visit by then-President Barack Obama and First Lady Michelle Obama.

According to William’s spokesman, Prince George was allowed to stay up past his bedtime to meet the first family.

George and William wave before visiting Middleton in hospital after she gave birth to Charlotte in 2015.Getty Images George shakes hands with President Obama during the then-first family visit to Britain in 2016.EPA

He greeted her in a white bathrobe and elegant pajamas. A snap shows the angelic tot shaking hands with Obama, kneeling to greet him. In another moment, he was riding a rocking horse that was a gift from the Obamas.

Those moments were particularly welcome as the fights between Prince Harry and the rest of the Windsor clan have turned ugly and spilled over into the public eye with the release of his memoir, Spare, the Sussexes’ explosive interview with Oprah in 2021, and the pair on Netflix -Documentation.

The Cambridge kids are undeniably a feast for the palate.

Filed under Coronation of King Charles III, Kate Middleton, King Charles III, Meghan Markle, Prince George, Prince Harry, Prince Louis, Prince William, Princess Charlotte, Queen Elizabeth II, 05/06/23

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Why playing the national anthem at Anfield for King Charles

Why playing the national anthem at Anfield for King Charles’ coronation could be a problem – CNN

(CNN) Liverpool have confirmed they will play “God Save the King” ahead of their game against Brentford on Saturday to respect the coronation of King Charles III, although the club admits many fans have “strong views” on the issue have.

Liverpool fans have booed the national anthem in the past, most recently ahead of last season’s FA Cup final at Wembley – many have also booed Prince William when he appeared on the pitch.

The decision comes after the Premier League requested that the national anthem be played before every game this weekend to celebrate the King and Queen’s coronation services, which take place on Saturday.

“Before kick-off and in recognition of the Premier League’s request to celebrate the coronation, players and officials will gather around the center circle as the national anthem is played,” Liverpool said in a statement on Friday.

“Obviously how they celebrate the occasion at Anfield on Saturday is a personal choice and we know some fans have strong opinions on that.”

Why fans boo?

Why exactly do Liverpool fans have a history of booing the British national anthem? The answer has everything to do with the history of the city itself.

Liverpool suffered from the deindustrialisation of the British economy in the 1970s and 1980s. In 1981, appalling economic conditions combined with tensions between the police and the African-Caribbean community led to nine days of unrest in the city.

After the riots, Margaret Thatcher’s government spoke of an “orderly decline” for the city.

During this decade of Conservative rule, Liverpudlians increasingly saw themselves as outsiders, separate from the rest of the country, and the state’s handling of the Hillsborough disaster in 1989 further entrenched these anti-establishment sentiments.

Booing of the national anthem at football matches when the team played at Wembley – a common occurrence given Liverpool’s dominance of English football at the time – became widespread and remains so to this day.

Many fans had the same reaction at the February 2022 Carabao Cup Final and the 2012 FA Cup Final.

Liverpool fans have a long tradition of booing the national anthem.

Booing the anthem is a way for some supporters of the club to express their opposition to the establishment, and it’s an opportunity to do so in front of a worldwide audience.

The King’s coronation on Saturday also comes at a time when many are feeling the devastating effects of the severe cost of living crisis now affecting the whole of Britain.

High inflation, years of stagnant wages and the sudden and steep rise in energy prices have pushed millions of Britons to the brink of poverty.

At the same time, the British government is spending tens of millions of tax dollars on a glamorous celebration.

Social and economic inequality is something that continues to irk many in the left-leaning city of Liverpool.

Significantly, it was Liverpool and Everton fans who launched Fans’ Supporting Foodbanks in 2015, an initiative aimed at tackling food poverty in the UK.

Liverpool manager Jurgen Klopp said it was an issue he was unable to fully comment on.

Commentary by Jurgen Klopp

Asked about the club’s decision to play the national anthem on Saturday, Liverpool manager Jurgen Klopp said: “The club’s position is my position.”

“This is definitely a subject I can’t have a proper opinion on. I’m from Germany, we don’t have a king, queen or anything like that,” he told reporters on Friday.

“I’m pretty sure a lot of people in this country will enjoy the coronation, some might not be really interested and some might not like it. That’s it. It’s across the country.”

Many feared Liverpool fans would disrupt a minute’s silence for Queen Elizabeth II following her death last year, but few isolated boos were heard on the occasion.

And in an article written on Friday, football journalist Dominic King suggested Liverpool fans could simply sing the club’s own anthem “You’ll Never Walk Alone” instead of “God Save The King” on Saturday.

CNN’s Ivana Kottasová contributed to the coverage.

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War in Ukraine Bakhmout no longer a priority for the

War in Ukraine: Bakhmout no longer a priority for the Russian army? Kremlin reportedly scaled back military operations on front to prepare for Ukrainian counteroffensive

According to the Institute for the Study of War, Russian forces have reviewed their priorities in Ukraine. The capture of Bakhmout, a key Kremlin objective since the beginning of the conflict, has been sidelined as Moscow prepares for Ukraine’s counteroffensive in the spring.

Can this reversal explain the anger ofYevgeny Prigozhin ? The boss of Russian paramilitary group Wagner violently attacked the command of the army Kremlin this Friday in three videos in which he blames in particular the lack of ammunition that would lead to the deaths of his militiamen on the battlefield.

Also read:
War in Ukraine: Evgueni Prigoyine, the leader of the Wagner Group, in a new video heavily criticizes the leadership of the Russian army, which he blames for “tens of thousands of dead and wounded”.

Yevgueni Prigojine didn’t stop there and threatened to withdraw his fighters from the city BachmoutScene of violent clashes between Russian forces and those of Kyiv for ten months, where Wagner’s militiamen are on the front line.

Also read:
War in Ukraine: Evgueni Prigoyine, head of Russian paramilitary group Wagner, violently attacks Kremlin army command and threatens to withdraw troops from Bakhmout

Wagner in “potentially tricky situation”

According to the American organization Institute for the Study of War (ISW) The conquest of Bakhmout would no longer be a short-term goal for the Russian General Staff. His priority from now on would be to prepare the best possible Ukrainian counteroffensive, announced as imminent, and therefore to reduce military operations of its regular army until that date, the ISW’s latest report indicates. The ISW notes a change in strategy that puts Wagner in “a potentially tricky situation”.

“The massive losses Wagner suffered at Bakhmut in the name of tactical gains, coupled with the Russian military’s general move towards a more cautious stance in preparation for defensive operations, appear to present Ukrainian forces with opportunities for successful counterattacks,” the American think tank also writes .

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Latest news from Ukraine Moscow USA and UK responsible for

Latest news from Ukraine. Moscow, USA and UK responsible for attack on Prilepin. Kiev shoots down a Russian hypersonic missile with Patriot

12:32

Russians, no evacuations from the Zaporizhia plant

The Russian administration of the Zaporizhia nuclear power plant in the south of the Ukraine He assured that after the announcement of partial evacuations in the region due to fears of a Ukrainian offensive, no demobilization of site employees is currently planned. “At the moment there is no need to evacuate the workers of the plant or the residents of the city of Energodar. Keep calm,” Yuri Tchernichuk, director of the site, said in a statement.

“There is nothing to worry about. All reactors at the plant are shut down,” he said. The day before, the regional official installed over Fly, Evguéni Balitski, had announced the partial evacuation of 18 places under Russian occupation in the Zaporijjia region, especially in Energodar. According to Balitski, these “temporary” evacuations mainly affect children with their parents, the elderly and disabled, sick and hospitalized amid the spike in Ukrainian bombings in recent days.

According to another occupation administration official, Andrei Kozenko, quoted by the TASS news agency, Russian authorities are planning to evacuate around 70,000 people from locations in the region.

Ukraine, Wagner announces withdrawal from Bakhmut

Latest news from Ukraine. Moscow, USA and UK responsible for attack on Prilepin. Kiev shoots down a Russian hypersonic missile with Patriot Read More »

Victor Tomas and Diego Alfonso the handsome children of Barbara

Víctor Tomás and Diego Alfonso, the handsome children of Bárbara Palacios and Víctor Manríque: both successful professionals, the first born is still happy to be single and the youngest is married

Bárbara Palacios will always be remembered as Miss Universe 1986, the woman who, at 59, is now considered one of the most influential Latin American beauty queens, and who also survived the episodes of violence and abuse surrounding her with a dysfunctional family.

“I asked God to take me with you”: the testimony of Bárbara Palacios, Miss Universe 1986, who overcame domestic violence and at 59 is one of the most influential Latin American queens

Before her time in the beauty pageant world, she became a publicist and after winning the third universal crown for her country Venezuela, she married Víctor Manrique in 1988. Her two handsome and successful sons Víctor Tomás emerged from this union. and Diego Alfonso.

Who are the children of Bárbara Palacios?

The successful businesswoman, author, speaker and motivational speaker has two children, who are now 29 and 24 years old and despite their male gender, possess an incomparable beauty that they certainly inherited from their mother.

Víctor and Diego were born in Caracas, Venezuela but currently reside in the United States.

The eldest of them, Víctor Tomás, lives with his parents in Miami. Although she had already lived her life away from the warm home, she returned to her parents in Florida amid the pandemic.

This was a “plus” for the family, as Bárbara Palacios herself admitted in 2022 in an interview with Viviana Gibelli for her YouTube channel.

“At 28, he is a senior in a very important company, he is stolen from company to company every year. Aside from this job, he has his own company, you have businesses, he’s an impressive kid. The greatest thing about him is his heart and that he has God on his mind,” said the proud mom in last year’s conversation.

It is known through a March 29 Instagram post by Bárbara Palacios that his eldest son has a girlfriend, although there are no details on his identity and it is not known if there are any wedding plans.

A publication by People en Español describes him as a young man who keeps fit and likes to travel.

On Instagram he shares his photos, in which he stands out as a very handsome young man who loves to travel, and his pet Steve, with whom he poses in some publications.

His younger brother Diego Alfonso is known to be currently 24 years old and graduated from the University of Florida in 2021 and received a scholarship to pursue postgraduate law studies at a University of Chicago where he currently resides. “He’s 23 years old, but he’s been alive for 33 or 35 years,” Barbara said of her last child last year.

The youngest of the Manriques is more private with his private life and his Instagram profile is private. However, the entertainment medium states that like Víctor Tomás, he enjoys travelling, has been a missionary, is also a pet advocate and also plays the guitar.

The latter was evident in some photos shared by his own mother showing him playing this instrument.

In 2022, he married a young woman named Remi, a nursing graduate, at an event where Miss Universe was featured with a few videos on her Instagram account.

“I am so grateful to God for these wonderful moments of blessing that we are experiencing in our family,” Bárbara Palacios said in a post announcing the engagement of her youngest son, Venezuelan media Últimas Noticias reported. (AND)

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LIVE Follow here the morning of President Lopez Obrador of

LIVE. Follow here the morning of President López Obrador of this May 4 24 hours the Sin Limites

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This Friday, the governor of NL, Samuel García, the heads of the security, naval and defense departments and Carlos Bremer from Grupo Financiero Value are present in the morning.

The President announced that he would report on two subjects this morning; one related to sport, attended by the Governor of NL and Carlos Bremer from Grupo Financiero Value to give details of the successes achieved and the second related to drugs.

Carlos Bremen reports that the Mexican children’s soccer team that took part in the World Challenge defeated their counterparts from Brazil, USA and Germany in the final; It was the only representative to have girls in the finals in its lineup.

In the morning, a video will be projected of the triumph of the 12 Mexican children from humble families who took part and won the Real Madrid Foundation World Challenge in Spain. Two of the chosen ones are girls who played against USA, Brazil and Germany in the final stages.

The Mexico national team, which won the Fundación Madrid World Challenge, takes a commemorative photo with President López Obrador.

Alejandra Caballero, one of the girls from the Mexico national team that won the Fundación Real Madrid World Challenge, talks about her experiences in the tournament in the morning.

The governor of NL recommends that all teams in the Mexican soccer league “look at” the children who won the World Challenge in Spain because they have good elements there and that “we are aiming for double the championship next year”.

López Obrador points out that the issue of fentanyl will be discussed this morning so that it doesn’t happen again that the US “grabs Mexico with a piñata” during an election period.

The President points out that certain sectors of the US want Mexico to be blamed entirely for that country’s fentanyl crisis, “and that doesn’t seem fair to us.”

Regarding fentanyl, López Obrador points out that “we must not swallow these lies” offered by some politicians and media, for this reason “we must report”.

The director of Marina presents a video about drug users in the United States, recorded in 2020 and shown in the news program by Ciro Gómez Leyva, but recorded in 2020.

The chief of the Navy denies Ciro Gómez Leyva’s report that fentanyl is manufactured in Mexico in various parts of Sinaloa.

The President revisits the poll showing that 60 percent of Republican citizens of the United States believe migrants are importing fentanyl into the United States.

The President notes that he has received no response from Joe Biden regarding his request for USAID funding of NGOs.

SSPC head reports that migration and drug and arms trafficking were discussed at the last meeting in Washington; The last issue called for the United States to put more emphasis on combating arms trafficking on its territory.

López Obrador prefers not to comment on the alleged letter from “Los Chapitos” in which they deny being involved in the manufacture of fentanyl and that their name is being used by other criminal groups; “Here the line is well drawn.”

The President points out that he is applying Juárez’s maxim of always moving forward, so that if the Conservatives defeat them at the right time, it will be difficult for them to undo what their government has built.

López Obrador points out that Rosa Icela Rodríguez, director of public security, is helping him to right prison injustices; It is striking that this saved more than 10 billion pesos.

Rosa Icela Rodríguez, Head of Public Safety, points out that over the past 8 months work has been done to ensure that ISSSTE services such as clinical analyzes are no longer replaced.

The President reiterates that the arrival of Miguel Ángel Yuñez to ISSSTE was paid for by Felipe Calderón for taking part in the “2006 scam” and that they later fought

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1683371189 Noodles found in New Jersey Man dumped over 250 pounds

Noodles found in New Jersey: Man dumped over 250 pounds of noodles in the woods

New Jersey (USA) – How do more than 250 kilos of pasta end up in a forest? This mystery is now officially solved!

During the week, the case of the American city of Old Bridge Township, near New Jersey, made headlines. How did the mountains of spaghetti, macaroni and ziti end up in this very unusual place?

Nina Jochnowitz, who “stumbled” on the pasta mountain while hiking and immediately shared her strange discovery online, spoke to the “New York Post” about the background.

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According to him, surveillance cameras in a neighborhood of the North American city recorded how a man carried hundreds of kilos of raw pasta from a house into his car. But the background of this action is sad!

According to Jochnowitz, the man’s mother died recently – and according to camera recordings, the mountains of noodles would be in the woman’s house. Why? This is not clear.

“There were so many noodles. I think he was impressed by it,” explains Jochnowitz when asked why the man dumped the spaghetti and company into the nearby woods.

The Old Bridge public works department has since cleaned up the mess, claiming the batter was not cooked when it was poured. However, this was accepted on social media. Only the rain made the noodles soft – as seen in the tastings.

Mountains of pasta covered the New Jersey forest floor

Mountains of pasta covered the New Jersey forest floor

Photo: /AP

Incidentally, neither the small American town nor Nina Jochnowitz want to publicly reveal the identity of the man, who they say had a military background. “I don’t want him to go through all that trauma again after his mother died,” Jochnowitz told the New York Post.

By the way, the city authorities themselves have not yet made a statement to the press. There, after the clearing work, it can be expected that mountains of noodles will not appear in the forest again overnight…

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