Book excerpt: "The Committed" by Viet Thanh Nguyen
In "The Committed" (Grove Press), a sequel to the author's Pulitzer Prize-winning novel "The Sympathizer," author Viet Thanh Nguyen follows his communist spy protagonist as he arrives in 1980s Paris to take up a new persona: drug dealer. Grove PressI may no longer be a spy or a sleeper, but I am most definitely a spook. How can I not be, with two holes in my head from which leaks the black ink in which I am writing these words. I am also still a man of two faces and two minds, one of which might perhaps yet still be intact. Excerpted from "The Committed" © 2021 Viet Thanh Nguyen.cbsnews.com
Michigan family hopeful Biden can help free Paul Whelan from Russian prison
DETROIT – The family of a Michigan man convicted of espionage in Russia met with officials with President Joe Biden’s administration. The family said they’re optimistic about Paul Whelan’s release. Whelan is looking at spending the next 14 years in a Russian prison, but his family is holding out hope that the new administration can get him home. Paul Whelan was arrested in Russia when he went to attend a wedding in December 2018. “While Paul has been in prison, there really wasn’t any sort of dialogue, as far as we can tell, between the Russian Federation and the U.S.,” David Whelan said.
'Things are normalizing': ETF market action is 'encouraging' despite economic worries, investor says
Trading volumes in popular exchange-traded funds including the SPDR S&P 500 ETF (SPY) and the iShares Russell 2000 ETF (IWM) are down some 30% from their levels two weeks ago. Industry analysts said Monday the ETF market seems to be moving past the extreme volatility and uncertainty that have pressured it in recent weeks. Add in the Federal Reserve's efforts to stabilize markets and there's a lot to find "encouraging" about the ETF market's recent action, said John Davi, founder and chief investment officer of Astoria Portfolio Advisors. "Things are normalizing," Davi told CNBC's "ETF Edge" on Monday. Davi also said he was encouraged by the "orderly" trading in the ETF market, as opposed to several weeks ago, when bid-ask spreads were blown out by the unprecedented volatility.cnbc.com
S&P 500 ETF just had its third-worst open ever, behind only the financial crisis and 9/11
The widely traded ETF representing the S&P 500 had its third-worst open ever, following the financial crisis in October 2008 and in the wake of the Sept. 11, 2001, terror attacks. The opening gap down in the SPY Sector SPDR S&P 500 ETF was about 7%, Bespoke Investment Group founder Paul Hickey said. The worst opening gap for the S&P ETF was in the thick of the financial crisis after Lehman Brothers failed and other institutions were wavering. After the Oct. 24, 2008, drop, the market was up 11.2% a week later but down 2.3% a month later. The S&P 500 and SPY were down 5.5% in morning trading, after opening down 7.4% from Friday's close, according to FactSet.cnbc.com
Turnaround Tuesday? Stocks tend to bounce back quickly from market drops like this one
According to Bespoke Investment Group, Monday was the 19th time the S&P 500 has shed more than 2% on a Monday, going back to March 2009. Bespoke found that in 17 out of the 18 prior instances the S&P 500 also had a positive return over the subsequent week, with an average gain of 3.16%. Over the next month, there was an average gain of 6.08%. The Dow Jones Industrial Average lost 3.56%, or 1,031 points on Monday, while the S&P 500 and Nasdaq fell 3.35% and 3.71%, respectively. The following week's gain stands at 3.98%, on average, with the subsequent month's gain coming in at 6.47%.cnbc.com
Here's how one trader is hedging his portfolio amid all the market-moving headlines
It's been a wild week for stocks amid a number of market-moving headlines. Gordon says SPY has broken below an uptrend line that extends from its October 2019 lows. Gordon is also eyeing the ETF's 50-day moving average as another level SPY could hit if it were to pull back. This means Gordon risks seeing a maximum loss of $163 should SPY close above $325 on Feb. 21 expiration. SPY is currently up about 2% this year and has bounced back this week after dropping on coronavirus outbreak fears.cnbc.com
Forbes reveals highest paid actresses of 2015
Melissa McCarthy, star of this summer’s comedy “Spy,” is number three, having earned $23 million. Scarlett Johansson comes in second at $35.5 million, and “Hunger Games” star Jennifer Lawrence moves up a notch to number one, pulling in $52 million. Clarissa Ward reports.cbsnews.com
Melissa McCarthy and Paul Feig team up again for "Spy"
The actor and director reunite for a new spy comedy. The new film comes on the heels of the duo’s past successful films “Bridesmaids” and “The Heat.” McCarthy and Feig join “CBS This Morning” to discuss the funny films they’ve produced together and their "Ghostbusters" reboot.cbsnews.com