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Attackers kill four, injure 14 at Turkish state aviation site

23Oct

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World News

Attackers kill four, injure 14 at Turkish state aviation site

By Ece Toksabay and Mert Ozkan for Reuters Turkish police officers gather in Kahramankazan, north of Ankara on October 23, 2024, near the gate of the Turkish Aerospace Industries, after a huge explosion outside the headquarters. Photo: AFP Four people were killed and 14 others wounded in an attack at the Turkish Aerospace Industries' headquarters on Wednesday, the government said, and witnesses said they heard gunfire and a loud explosion at the site near Ankara. Interior Minister Ali Yerlikaya said two attackers were killed in what he called a terrorist attack, adding three of the injured are in critical condition. TV broadcasters earlier showed footage of armed assailants entering the TUSAS building. "Two terrorists were neutralised in the terror attack on the TUSAS Ankara Kahraman...

Liberals set to announce immigration system changes, sources say – National

23Oct

By Aditi PawarNo Comments

Politics

Liberals set to announce immigration system changes, sources say – National

Descrease article font size Increase article font size The federal government is set to announce major changes to Canada’s immigration system on Thursday, three sources tell Global News. It comes amid a push from up to 30 backbench Liberal MPs to have Prime Minister Justin Trudeau quit.One of those sources said there will be a reduction in the number of permanent residents admitted to Canada on an annual basis in future years and changes to temporary immigration streams.Canada has planned to admit 500,000 permanent residents in 2025 and had planned to maintain this target in 2026. The number of permanent residents admitted on an annual basis has increased by 59 per cent since the Liberals first came to power. ...

European Central Bank policymakers split on the need for big rate cuts

23Oct

By Aditi PawarNo Comments

Business

European Central Bank policymakers split on the need for big rate cuts

Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December, even as downside risks dominate on both economic growth and inflation.The comments come shortly after the ECB delivered back-to-back interest rate cuts for the first time in 13 years at its October meeting.The move, which marked the central bank's third quarter-point cut this year, had been fully priced in by markets after decision-makers flagged reduced inflation risks and a weakening growth outlook."The truth is that the print of inflation in September was very low, way lower than what we were expecting," Portuguese central bank chief Mario Centeno told CNBC's Karen Tso on Wednesday."We need to take that into our story," Centeno said. "After that, we need to look ...

Montreal Mayor Valérie Plante won’t seek re-election in 2025

23Oct

By Aditi PawarNo Comments

Politics

Montreal Mayor Valérie Plante won’t seek re-election in 2025

Montreal Mayor Valérie Plante will not be seeking re-election in the 2025 municipal election. Plante was first elected to the city’s top job in 2017, beating out then-mayor and former Liberal cabinet minister Denis Coderre. In 2021, she won a second mandate. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. As well as being mayor of Montreal, Plante is also mayor of the downtown Ville-Marie borough and has served as leader of Projet Montréal since December 2016.The 50-year-old politician first came onto the municipal scene when she was elected to city council in 2013. Trending Now Plante is expected to hold a news c...

Morgan Stanley rolls out OpenAI-powered chatbot for Wall Street division

23Oct

By Aditi PawarNo Comments

Business

Morgan Stanley rolls out OpenAI-powered chatbot for Wall Street division

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.Brendan McDermid | ReutersMorgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.The firm, which launched an AI assistant based on OpenAI's ChatGPT technology to its wealth management advisors in early 2023, began rolling out another version called AskResearchGPT this summer in its institutional securities group, said Katy Huberty, Morgan Stanley's global director of research.The tool lets users extract answers from across the universe of Morgan Stanley's research — including on stocks, commodities, industry trends and regions — collapsing what could...

The case for the S&P 500 to rally to 6,600

23Oct

By Aditi PawarNo Comments

Business

The case for the S&P 500 to rally to 6,600

Stocks are experiencing some turbulence of late, but the longer-term outlook points to sharp gains ahead, according to Piper Sandler. Craig Johnson, the firm's chief market technician, sees the S & P 500 soaring to 6,600 in 2025. That's 12.8% above where the benchmark closed Tuesday. "The old Wall Street adage 'Bull Markets Climb a Wall of Worry' sums up the narrative of this market well," Johnson wrote in a note. "For the past two years, equity markets managed to maintain a steady upward trajectory despite a series of pullbacks/corrections, economic concerns, geopolitical tensions, fears of inflation, rising interest rates and pessimistic headlines." "As this Bull Market enters its third year, the combination of a well-telegraphed shift in Fed policy, normalization of the yield curve ...

Prolonged exposure to arsenic in drinking water may up heart disease risk

23Oct

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Health

Prolonged exposure to arsenic in drinking water may up heart disease risk

Long-term exposure to arsenic in drinking water may increase the risk of cardiovascular disease even at exposure levels below the regulatory limit, according to a new study on Wednesday. The study led by researchers at Columbia University in the US is the first to describe exposure-response relationships at concentrations below the current regulatory limit (10 micrograms per litre). It also substantiates that prolonged exposure to arsenic in water contributes to the development of ischemic heart disease. For the study, published in the journal Environmental Health Perspectives, the team compared various time windows of exposure. “Our findings further reinforces the importance of considering non-cancer outcomes, and specifically cardiovascular disease, which is the number one cause of d...

Top Wall Street stocks from analysts include Tesla

23Oct

By Aditi PawarNo Comments

Business

Top Wall Street stocks from analysts include Tesla

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Costco as overweight The firm says membership card scanner rollouts is a "Netflix moment" for Costco. " Costco's ongoing roll-out of membership card scanners at its U.S. clubs could soon deliver a Netflix moment. Our channel checks suggest membership counts at selected Costco locations, following implementation of the scanners, is rising by double digits." Morgan Stanley reiterates Spotify as overweight Morgan Stanley raised its price target on Spotify to $430 from $400, calling it a top pick. "We remain bullish due to cont'd conviction in 1) Spotify's best-in-class product offering and related pricing power, 2) cont'd runway for user growth, and 3) mgmt's commitment to financial discipline and driving profit...

More than half of Canadians unaware of Parliament gridlock: poll – National

23Oct

By Aditi PawarNo Comments

Politics

More than half of Canadians unaware of Parliament gridlock: poll – National

A debate has ground work in the House of Commons to a halt for weeks, but a new poll suggests that most Canadians are not even aware it’s happening. In a new survey from polling firm Leger, 55 per cent of respondents said they had not heard about the procedural issues that have gridlocked Parliament for more than 12 sitting days.The issue stems from a privilege motion that was raised by the Conservatives about a green-tech fund that was found to have misspent government money.The Tories have vowed to continue debate on their motion until the Liberals hand over unredacted documents about the fund to Parliament and the RCMP. 2:27 Conservatives say Liberals ‘paralyzed Parliament’ by refusing to ha...

Warren Buffett — worried about impersonators — says he doesn’t endorse candidates or investments

23Oct

By Aditi PawarNo Comments

Business

Warren Buffett — worried about impersonators — says he doesn’t endorse candidates or investments

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.David A. Grogen | CNBCWarren Buffett is worried about a rise in impersonators looking to capitalize on his name by purporting to be him recommending an investment product or political candidate on social media. So much so that Berkshire Hathaway made the rare move of adding a statement on the matter to the front page of its website.The statement reads:"In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett's endorsement of investment products as well as his endorsement and support of political candidates. Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and supp...