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☆ JPMorgan drops its recession call for the first half and now sees a 55% chance of a soft landing for the global economy
▼ + stars: | 2024-04-09 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

JPMorgan scrapped its recession forecast for the first half of 2024 and now sees 55% odds of a soft landing. The bank sees a 30% chance that global expansion persists without major policy easing. AdvertisementJPMorgan has backed off from its recession forecast for the first half of 2024 and says it now sees a 55% chance of a "soft landing" for the global economy through late next year. Related storiesBut now, with upbeat data painting a rosier picture, the bank sees a 55% chance of a soft landing scenario extending through at least the end of next year. On the earnings side, corporates in developed markets surpassed expectations last year, with margins holding close to record highs, demonstrating surprisingly resilient profitability despite high policy rates.

Persons: —, Bruce Kasman, Joseph Lupton, Kasman, Lupton, Jamie Dimon, Dimon Organizations: JPMorgan, Service

☆ What's more important? AI or the election.
▼ + stars: | 2024-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're announcing the finalists for our business, tech, and innovation bracket. What's on deck:This story is available exclusively to Business Insider subscribers. If you're just catching up, a few weeks ago we identified eight of the biggest trends in business, tech, and innovation. And then there were two: the AI race vs the US presidential election. Dan Rosen, founder and partner, Commerce Ventures:Advertisement"As a fintech investor, AI strikes me as more important.

Persons: —, we're, Chelsea Jia Feng, Readers, Bruce K, Lee, Dan Rosen, Ira Allen, Tracy Albert, Wendy Craft, Elle, Dodd, Frank, Zach Blank, Nick DiGiovanni, Adam Jeffery, Ian MacNicol, David Einhorn, Jesse Cohn, Greg Coffey, Goldman Sachs, Brian Robinson, Nelson Peltz's, James Park, would've, Justin Sullivan, Marissa Mayer's, Enrique Munoz Torres, Elon Musk, Musk, Lukas Schulze, it's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Keebeck Wealth, Commerce Ventures, CNBC, NBCU, Getty, Elliott Management, Sohn, Street Journal, Disney, UCLA, Yahoo, LinkedIn, Elon, Apple, Ford, Workers, Advertising Research, NCAA Locations: Europe, California, New York, London

☆ Asia's tech industry is recovering on chip boom amid global economic uncertainty, JPMorgan says
▼ + stars: | 2024-03-06 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SINGAPORE – Asia-Pacific's tech sector has been growing on the back of the semiconductor boom even as other industries struggle amid global macro uncertainty, according to investment bank JPMorgan. "Tech has been recovering, that's why Asia has done reasonably well in the second half of last year. China industry benefited, North Asia obviously benefited more from it," Bruce Kasman, chief economist at JPMorgan said in a media briefing on Tuesday. Global tech spending weakened in 2023 while layoffs rose, said Deloitte in a report on tech industry's 2024 outlook. The recovery in tech is significant as other industries are still struggling.

Persons: Bruce Kasman, Deloitte, Ong Sin Beng Organizations: JPMorgan, Tech, Global, Deloitte, Nvidia Locations: SINGAPORE – Asia, that's, Asia, China, North Asia, U.S

US law enforcement officials have also been closely monitoring the incident to determine if a federal crime was committed, a senior US official familiar with the matter told CNN. Tom Brenner/ReutersA longtime political consultant, Kramer worked for Kanye West’s 2020 presidential bid and has a history of producing robocalls. Phillips’ campaign said it had no knowledge of his reported involvement with the AI Biden call. He said that Kramer told him to delete all of the emails between the two of them, and that he did. As figures at the center of American political scandals go, Carpenter is certainly “eccentric” – a word he uses to describe himself.

Persons: Paul Carpenter –, –, Joe Biden’s, Carpenter, Dean Phillips, Biden, ”, “ I’m, Steve Kramer, Phillips, Kramer, Carpenter’s, Biden’s, Tom Brenner, Kanye, Phillips ’, robocalls, ” Phillips, Katie Dolan, ” Dolan, Hank Sheinkopf, Sheinkopf, CNN’s Jake Tapper, “ I’d, “, who’s, Donald Trump, Sen, Lindsey Graham of, ” Carpenter, he’s, didn’t, Bruce Kramer, Brandon Kizy –, Paul Carpenter, CNN “ Paul, Paul, ” Kizy, Hany Farid, we’ve, ” Liz Purdy, I’d, “ I’ve, ” CNN’s Alison Main, Allison Gordon, Isabelle Chapman, Yahya Abou, Ghazala Organizations: CNN, New, Minnesota Rep, Democratic, NBC News, Commission, Reuters, South, Republican, University of California Berkeley Locations: Orleans, New Hampshire, Texas, New York, Pennsylvania, South Carolina, Minneapolis, New Orleans, Lindsey Graham of South Carolina

The latest craze in Japan: The pig café. Very relaxing and enjoyable,” said Brad Loomis, a software engineer from Pullman, Washington, after visiting Tokyo’s Mipig Café with his 21-year-old daughter, Paige. Customers pay 2,200 yen ($15) for the first 30 minutes in the company of the pigs. The Mipig Café in fashionable Harajuku is among 10 such pig cafes the operator has opened around Japan. The animals, known as “micro pigs,” don’t get bigger than a corgi dog, even as adults.

Persons: cafés, lattes, ”, Brad Loomis, Tokyo’s Mipig, Paige, Shiho Kitagawa, Ben Russell, Sophie Mo’unga, Sachiko Azuma, Azuma, Bruce Kornreich, I’m, Kornreich, ” Paige Loomis, ___ Yuri Kageyama Organizations: TOKYO, —, corgi, Cornell University's College of Veterinary Medicine, Cornell Feline Health Center Locations: Japan, Pullman , Washington, Tokyo, Mipig, Kyoto, New Zealand, Ithaca, N.Y

1977: The band releases “Love Gun” and a second live album, “Alive II.” The Gallup Poll names Kiss the most popular band in America. 1981: The band releases “Music From The Elder,” a concept album that evokes “Harry Potter” 20 years before that phenomenon began. 1984-1990: Kiss releases the albums “Animalize,” “Asylum,” “Crazy Nights” and “Hot In The Shade” as MTV embraces their new look. The band releases “Alive IV” with a symphony orchestra in 2003. 2009-2012: Kiss releases “Sonic Boom” and “Monster,” their final studio albums.

Persons: Yorkers, Gene Simmons, cabbie Paul Stanley, Elvis Presley, he'd, Wicked Lester, Peter Criss, Ace Frehley, Simmons, Stanley, Criss, Beth ”, “ Beth ”, ”, “, Kaskets, Eric Carr, Harry Potter ”, “ The, Vinnie Vincent, Mark St, John, Vincent, Bruce Kulick, Carr, Eric Singer, Alice Cooper, Lita Ford, Paul Stanley's, — Stanley, Kulick, Singer —, Frehley, telegraphing, Kiss, Tommy Thayer, Singer, Wayne Parry Organizations: Garden, Associated Press, Detroit, “, York, NBC, MTV, Kiss, Hall of Fame, Madison Locations: New York, Madison, Detroit Rock City, America

☆ Asia stocks swing lower, gold climbs as oil slips
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

One mover was gold, which climbed to $2,009.87 an ounce and briefly hit a six-month top of $2,017.82. S&P 500 futures eased 0.2% and Nasdaq futures lost 0.4%. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in 80 basis points of U.S. easing next year, and around 82 basis points for the ECB. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC

☆ Asia stocks turn lower, gold jumps as oil slips
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%. That in turn has been a drag on the dollar which has lost 3% on a basket of major counterparts this month . Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December. "Saudi Arabia and OPEC+ faces a challenge in convincing markets that it can help keep oil markets tight in 2024," wrote commodity analysts at CBA in a note. "OPEC+ will have to show significant supply discipline, or at least jawbone such ability, to alleviate market worries of a deep surplus in oil markets next year."

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Stephen Coates Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Australian, CBA, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia, OPEC

☆ Asia stocks steady ahead of inflation tests, OPEC+ meeting
▼ + stars: | 2023-11-27 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The approach of month end could also cause some caution given the hefty gains investors are sitting on. "Indeed, this message of patience is likely to be notable in upcoming DM policy communications in response to recent financial market developments." Markets priced in almost 90 basis points of U.S. easing next year, and around 83 basis points for the ECB. The oil market faces a tense few days ahead of a meeting of OPEC+ on Nov. 30, a meting that had originally been slated for Sunday but was postponed as producers struggled to find a unanimous position. Reports suggest African oil producers are seeking higher caps for 2024, while Saudi Arabia may extend its additional 1 million bpd voluntary production cut, which is due to expire at the end of December.

Persons: Issei Kato, Jerome Powell, Bruce Kasman, Christine Lagarde, Brent, Wayne Cole, Christopher Cushing Organizations: REUTERS, Nikkei, SYDNEY, Japan's Nikkei, Nasdaq, Federal, JPMorgan, European Central Bank, EU, ECB, Thomson Locations: Tokyo, Japan, United States, Europe, Asia, Pacific, Saudi Arabia

☆ North Korea scraps military deal with South, vows to deploy new weapons at border
▼ + stars: | 2023-11-22 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +5 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, February 7, 2023. Russia and North Korea have denied arms deals but have promised deeper cooperation, including on satellites. South Korea resumed the use of crewed and uncrewed reconnaissance aircraft in the border area on Wednesday, Yonhap news agency reported. Critics have said that the pact weakened Seoul's ability to monitor North Korea, and that Pyongyang had violated the agreement. South Korea has said the North Korean satellite was believed to have entered orbit, but it would take time to assess whether it was operating normally.

Persons: Kim Hong, Kim Jong Un, Vladimir Putin, Moon Jae, Moon Chung, Moon, Kim, Critics, Bruce Klingner, Klingner, Soo, hyang Choi, Josh Smith, David Brunnstrom, Sonali Paul, Ed Davies, Gerry Doyle Organizations: REUTERS, Rights, North, ., U.S . Department of State, CMA, ROK, South Korean, Yonsei University, CIA, U.S, Heritage Foundation, North Korean, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, Rights SEOUL, Seoul, Russia, Pyongyang, . North Korea, Korea, Washington

☆ Asia shares extend rally on hopes of early rate cuts
▼ + stars: | 2023-11-06 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"This year's better-than-expected U.S. supply-side performance raises hopes for a soft landing," said Bruce Kasman, head of economic research at JPMorgan. Futures markets swung to imply a 90% chance the Fed was done hiking, and an 86% chance the first policy easing would come as soon as June. Markets also imply around an 80% probability the European Central Bank will be cutting rates by April, while the Bank of England is seen easing in August. An odd man out is Australia's central bank, which is considered likely to resume hiking rates at a policy meeting on Tuesday as inflation stays stubbornly high. "We look for the Fed Funds rate to fall to 3-3.25%, the ECB depo rate to 3% and BoE Bank Rate to 4.25% by end-2024."

Persons: Issei Kato, Bruce Kasman, disinflation, Jerome Powell, BoE, Brent, Wayne Cole, Sam Holmes Organizations: REUTERS, Nikkei, SYDNEY, Federal Reserve, JPMorgan, Futures, European Central Bank, Bank of, ECB, The Bank of Japan, South, Nasdaq, Fed, NatWest Markets, Sunday, Palestinian, Thomson Locations: Tokyo, Japan, United States, Europe, U.S, Bank of England, Asia, Pacific, South Korea, Saudi Arabia, Russia, East, Israel, Gaza

☆ Exclusive: Hedge fund Caxton wins on bond rout to claw back performance losses - sources
▼ + stars: | 2023-11-03 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

They added that the fund had about a negative 2% performance for the year to the end of October. The CGI fund, at the end of June had been down about 8%, added one of the sources. The CGI fund did well from a view that the Bank of Japan would ease its ultra-loose monetary policy, said two of the sources. They also said short bets that bond prices would fall, as well as bets the U.S. Treasury yield curve would steepen were some of the top earners for the fund. Caxton's CGI fund also profited from the difference between Japanese and U.S. stock prices, the sources said, adding that losses on commodities bets in gold and a yen hedge detracted from performance.

Persons: Dado Ruvic, Andrew Law's, Caxton, Jerome Powell, Bruce Kovner, Nell Mackenzie, Carolina Mandl, Svea Herbst Bayliss, Maiya, Dhara Ranasinghe, Kirsten Donovan, David Evans Organizations: REUTERS, Caxton Associates, Caxton Global Investments, Bank of Japan, Treasury, Federal Reserve, Thomson

☆ Billionaire politicians have become 'shockingly common' around the world, new study finds
▼ + stars: | 2023-10-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

More than 11% of the world's more than 2,000 billionaires have run for election or become politicians, according to a study highlighting the growing power and influence of the super-wealthy. "Billionaire politicians are a shockingly common phenomenon," the study said. Outside the U.S., billionaire politicians are even more common. Terry Gou, the Taiwanese billionaire and founder of Foxconn, is running for president of Taiwan. Of course, billionaires wield even more political power through their (often secret) donations to support candidates, parties and super PACs.

Persons: Donald Trump, Terry Gou, Vivek Ramaswamy, Doug Burgum, Michael Bloomberg, Tom Steyer, Billionaire Rick Caruso, J.B, Pritzker, Andrej Babiš, Silvio Berlusconi, Bidzina Ivanishvili, Najib Mikati, Sebastián, Thaksin, Phil Ruffin, Larry Ellison, Nelson Peltz, Richard Uihlein, Jeffrey Yass, Stanley Druckenmiller, Cliff Asness, David Tepper, Bruce Kovner Organizations: Wisconsin Valley Science, Technology, Northwestern University, Democratic, Los Angeles, Tax Fairness, Billionaire Locations: Wisconsin, Mount Pleasant , Wisconsin, U.S, Illinois, Taiwan, Czech Republic, Italy, Georgia, Lebanon, Chile, Thailand

☆ Asia shares slip on Middle East woes, rising yields
▼ + stars: | 2023-10-23 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. Bonds were also under pressure as U.S. 10-year Treasury yields crept to within a whisker of 5.0%, pushing borrowing costs up across the globe and testing equity valuations. On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.4% to its lowest in almost a year. Both S&P 500 futures and Nasdaq futures added 0.2%, underpinned by hopes a rush of earnings reports this week will provide some support. Oil prices gave back some ground in the absence of any disruption to supplies from the Middle East, at least for now.

Persons: Issei Kato, Bonds, Israel, Bruce Kasman, outperformance, Gold, Brent, Wayne Cole, Shri Navaratnam Organizations: U.S, REUTERS, Nikkei, Washington, European Central Bank and Bank of Canada, Federal Reserve, Japan's Nikkei, FTSE, Nasdaq, Microsoft, IBM, Intel, JPMorgan, Bank of Japan, Swiss, Thomson Locations: Tokyo, Japan, China, SYDNEY, Gaza, Lebanon, Asia, Pacific

☆ Rainmakers find political hedge in Chris Christie
▼ + stars: | 2023-10-16 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

[1/2] Republican presidential candidate and former New Jersey Governor Chris Christie speaks at the New Hampshire Republican Party’s First in the Nation Leadership Summit in Nashua, New Hampshire, U.S., October 13, 2023. Several hedge fund rainmakers poured cash into Chris Christie’s campaign over the summer, according to filings released on Monday. But with legal woes hanging over Trump’s campaign, contributions to the most anti-Trump conservative could become a valuable call option for the group that knows something about hedging. It’s notable that Christie has been vocal about attacking Trump, whom he advised during the prior president’s first term. Former New Jersey Governor Chris Christie raised $3.8 million over the quarter, aided by donations from wealthy investors including Stanley Druckenmiller, David Tepper and Paul Tudor Jones.

Persons: Chris Christie, Brian Snyder, Donald Trump, hasn’t, Wall, Chris Christie’s, Christie, Nikki Haley, Ron DeSantis, Vivek Ramaswamy, Tim Scott, That’s, Stanley Druckenmiller, David Tepper, Tudor Investment’s Paul Tudor Jones maxed, Seth Klarman, Bruce Kovner, Trump, ” Christie, Ramaswamy, Tyler Winklevoss, Paul Tudor Jones, Lauren Silva Laughlin, Sharon Lam Organizations: Republican, New, New Hampshire Republican Party’s, Nation Leadership Summit, REUTERS, Rights, Reuters, Republican Party, Trump, Duquesne Capital, Management, CAM, Fairleigh Dickinson University, Reuters Graphics Reuters, Federal, Former New Jersey, Thomson Locations: New Jersey, Nashua , New Hampshire, U.S

☆ Asian shares fall after brutal central bank week, yen under spotlight
▼ + stars: | 2023-09-25 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. The yen was jittery near the closely watched 150 per dollar level amid intervention fears, after the Bank of Japan made no change to its dovish monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.6%, edging closer to a ten-month low plumbed just last week. Bruce Kasman, chief economist at JPMorgan, expects good news from U.S. and European inflation results this week, which should show low core inflation readings. The yen last traded at 148.41 per dollar, after hitting a fresh 10-month low of 148.49 earlier in the day.

Persons: Issei Kato, Kazuo Ueda, Hong, HSI, Louis Kuijs, Andrew Lilley, Bruce Kasman, Stella Qiu, Sonali Paul, Himani Organizations: REUTERS, Rights, Bank of Japan, Japan's Nikkei, U.S, JPMorgan, U.S ., Brent, . West Texas, Thomson Locations: Tokyo, Japan, China, U.S, Europe, Asia, Pacific, U.S . Federal

☆ Goldman Sachs says the weak yen is a 'double-edged sword' for Japan stocks
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs says the weak yen is a 'double-edged sword' for Japan stocksBruce Kirk, Goldman Sachs' chief Japan equity strategist, discusses the Bank of Japan's monetary policy and the outlook for the Japanese stock market.

Persons: Goldman Sachs, Bruce Kirk Organizations: Bank Locations: Japan

☆ Watch CNBC's full interview with JPMorgan's Bruce Kasman
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with JPMorgan's Bruce KasmanBruce Kasman, JPMorgan head of global economic research and chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss PCE data coming in online with a soft landing scenario, jobless claims data signaling a healthy labor market, and the impact workers strikes are having on payroll numbers.

Persons: JPMorgan's Bruce Kasman Bruce Kasman, Steve Liesman Organizations: JPMorgan

☆ JPMorgan's Bruce Kasman: Ongoing labor strikes are expected to distort payroll numbers
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Bruce Kasman: Ongoing labor strikes are expected to distort payroll numbersBruce Kasman, JPMorgan head of global economic research and chief economist, and CNBC's Steve Liesman join 'The Exchange' to discuss PCE data coming in online with a soft landing scenario, jobless claims data signaling a healthy labor market, and the impact workers strikes are having on payroll numbers.

Persons: Bruce Kasman, Steve Liesman Organizations: JPMorgan

Fed Chair Jerome Powell was almost brusque in his re-statement of the central bank's anti-inflation commitment at the annual Jackson Hole symposium on Friday. Tracking that rather than more-skittish policy rate futures would have proved a better guide to how subsequent months panned out and to the summer doldrums in bonds and stocks. And yet the September meeting could still be the 'big reveal' as it sees publication of the Fed's updated 'dot plot' that will likely show just where they then see the cycle crest. San Francisco Fed chart on dispersion of Fed rate projections by horizonSan Francisco Fed index of Fed uncertaintyACCIDENT OR DESIGN? As to whether the Fed is guiding everyone to safe and happy place, there continues to be sceptics about the 'soft landing'.

Persons: Jerome Powell, Jackson, that's, it's, Andrew Foerster, Zinnia Martinez, Bruce Kasman, Joseph Lupton Organizations: Federal, Reuters Graphics Reuters, Atlanta, San Francisco Fed, San, Fed, San Francisco, JPMorgan, Reuters, Thomson Locations: U.S, synch, San Francisco Fed

☆ Opinion | To Prosecute or Not to Prosecute Trump
▼ + stars: | 2023-08-18 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Prosecution of Trump May Have Terrible Consequences,” by Jack Goldsmith (Opinion guest essay, Aug. 10), about the charges brought by Jack Smith:Mr. Goldsmith argues that the prosecution of Mr. Trump will further erode the already diminished belief that Republicans have in our justice system and may “inspire tit-for-tat investigations of presidential actions by future Congresses and by administrations of the opposing party.”He may be correct. But the integrity of our democracy is at stake. As the New York University law professors Ryan Goodman and Andrew Weissman have written, “To not have brought this case against Mr. Trump would have been an act of selective nonprosecution” because so many foot soldiers have been prosecuted for their Jan. 6 attempt to disrupt our government. To the Editor:Jack Goldsmith studiously ignores a key factor of this disputed topic. While he details concerns about prosecuting Mr. Trump, he does not touch on the toxic consequences of not prosecuting.

Persons: Jack Goldsmith, Jack Smith, Goldsmith, Trump, Ryan Goodman, Andrew Weissman, “, Bruce Kirby Rockville, Jack Goldsmith studiously Organizations: Trump, New York University Locations: Md

☆ Ryan Jeffers (2 HRs, 4 RBIs), Twins demolish D-backs 12-1
▼ + stars: | 2023-08-06 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/21] Aug 5, 2023; Minneapolis, Minnesota, USA; Minnesota Twins starting pitcher Kenta Maeda (18) throws to the Arizona Diamondbacks in the first inning at Target Field. Mandatory Credit: Bruce Kluckhohn-USA TODAY SportsAugust 6 - Ryan Jeffers went 3-for-4 with two home runs, a double and four RBIs as the Minnesota Twins cruised to their third consecutive victory, 12-1, over the Arizona Diamondbacks on Saturday night in Minneapolis. The Twins went ahead 3-1 in the bottom of the second. Minnesota extended the lead to 6-1 in the third on RBI doubles by Wallner and Jeffers sandwiched around a sacrifice fly by Castro. The Twins added a pair of runs in the eighth against position player Carson Kelly on RBI singles by Jordan Luplow and Wallner.

Persons: Kenta Maeda, Bruce Kluckhohn, Ryan Jeffers, Max Kepler, Michael A, Taylor, Matt Wallner, Willi Castro, Edouard Julien, Lourdes Gurriel Jr, Ryne Nelson, Wallner, Castro, Jeffers, Carlos Correa, Kepler, Carson Kelly, Jordan Luplow Organizations: Minnesota Twins, Arizona Diamondbacks, Minnesota, American League Central, Cleveland, Twins, Arizona, The Twins, Thomson Locations: Minneapolis , Minnesota, USA, Minneapolis, Arizona, Minnesota, Julien

☆ Asia shares up as China extends rally; Japanese yields a risk
▼ + stars: | 2023-07-31 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) climbed 1.1%, having gained almost 6% so far in July to reach a five-month high. Figures due this week include the U.S. ISM surveys on manufacturing and services, the July payrolls report and European inflation. Investors are still pondering the implications of Friday's shock decision by the Bank of Japan (BOJ) to lift the lid on bond yields, in a step away from its ultra-easy policies. Analysts at BofA estimate the BOJ's bond buying added $1.3 trillion to global liquidity in the past 18 months and provided a low floor for global rates, so any sustained rise in Japanese government bond yields could ripple though other bond markets. Japanese 10-year yields climbed further to 0.6% on Monday, still short of the new cap of 1.0%.

Persons: Yen, Bruce Kasman, Ray Attrill, Brent, Wayne Cole, Jamie Freed Organizations: Nikkei, Apple SYDNEY, Apple, JPMorgan, U.S, Bank of England, Reserve Bank of, Nasdaq, Apple Inc, Western Digital Corp, Caterpillar Inc, Starbucks Corp, Devices, Bank of Japan, National Australia Bank, Thomson Locations: China, Beijing, Asia, Pacific, Japan, Reserve Bank of Australia

☆ Bank of England rates set to peak at 5.75% by year-end: Reuters poll
▼ + stars: | 2023-07-25 | by ( Shaloo Shrivastava | ) www.reuters.com time to read: +3 min

BENGALURU, July 25 (Reuters) - The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008, and hike twice more by the year-end as price pressures persist, a Reuters poll showed. While the median peak rate forecast was 5.75%, nearly half of respondents, 29 of 61, still said 5.50%, the same as a June 26 poll. As recently as a June 14 poll, the consensus was for Bank Rate to peak at 5.00%. Predictions for Bank Rate at year-end were in a wide range. Asked where core inflation will be at year-end, nearly two thirds of respondents, 14 of 22, said slightly lower.

Persons: BoE, Bruce Kasman, Morgan, Stefan Koopman, Shaloo Shrivastava, Mumal Rathore, Pranoy Krishna, Rahul Trivedi, Jonathan Cable, Ross Finley, Barbara Lewis Organizations: Bank of England, Bank, Company, Rabobank, Thomson Locations: BENGALURU, J.P, British

☆ The economy is not breaking like people expected coming into the year, says JPMorgan's Bruce Kasman
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is not breaking like people expected coming into the year, says JPMorgan's Bruce KasmanBruce Kasman JPMorgan Chase head of global economic research, joins 'Closing Bell Overtime' to talk inflation data, the economy at large, and more.

Persons: JPMorgan's Bruce Kasman Bruce Kasman, JPMorgan's Bruce Kasman Bruce Kasman JPMorgan Chase Organizations: JPMorgan's Bruce Kasman Bruce Kasman JPMorgan

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