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☆ I was a 'trad wife' who got married on our 11th date. Influencers make this life look idyllic, but I had no money and no control.
▼ + stars: | 2024-03-07 | by ( Maria Noyen | ) www.businessinsider.com time to read: +9 min

AdvertisementThis as-told-to essay is based on a conversation with Jennie Gage, who used to be what social-media users have dubbed a "trad wife" — slang for "traditional wife." Courtesy of Jennie GageI was 17 when I went to a Mormon college. Being a 'trad wife' involved endless houseworkMy first son was born in 1998; I'd just turned 23. For most of my married life, Jake would give me cash envelopes. AdvertisementDo you identify as a trad wife or former trad wife?

Persons: Jennie Gage, She's, Gage, —, Hannah Neeleman, Jake, I'd, We'd, who's, Money, I'm, TikTok, Maria Noyen Organizations: Service, BI Locations: Arizona , Oregon, Utah, TikTok

☆ See a Day in the Life of a New York City Dishwasher
▼ + stars: | 2024-02-23 | by ( Priya Krishna | More About Priya Krishna | ) www.nytimes.com time to read: 1 min

When you’re a dishwasher at Gage & Tollner, there are no slow times. That’s where we found Drevon Alston, who manages the dish pit. While cooks furiously arrange oysters and clams on seafood platters and baste steaks with butter, Mr. Alston and his fellow dishwashers scrub pots, scrape char off grill grates and run stacks of plates up and down the stairs. Mr. Alston dreams of running his own kitchen one day. For now, he sits at the bottom of the restaurant’s hierarchy, performing one of its most vital roles but determined to move up.

Persons: Drevon Alston, Alston Organizations: Gage, Tollner Locations: Brooklyn, Mr

☆ Target workers fired over Stanley cups say the crackdown leaves some of the stores' Starbucks cafés understaffed
▼ + stars: | 2024-02-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Read previewTarget's swift and severe crackdown on workers who bought one of the trendy Stanley x Starbucks cups last month could lead to another headache — keeping its Starbucks cafés staffed up. Of the 11 recently fired Target employees who have discussed their situations in detail with Business Insider, six worked in their stores' Starbucks cafés, which operate under a license agreement with the coffee company. STLs also told BI that stores are shuffling workers between stores, as they have in the past, to help with coverage. "You have so much paperwork, you have to do so much training, you have to do everything a normal Target Team Lead does, plus all your Starbucks stuff." Barista Jessie Gage told BI she and five coworkers were fired, cutting her store's Starbucks team by half.

Persons: —, STLs, Nickole Smith, weren't, Barista Jessie Gage, aren't, Christina Tavares, Dominick Reuter, Smith, It's Organizations: Service, Stanley, Starbucks, Business, BI, Target, Member Locations: Target's, Starbucks cafés

WASHINGTON (AP) — U.S. officials are revising their preliminary findings on what happened to two Navy SEALs who died during a mission to board an unflagged ship that was carrying illicit Iranian-made weapons to Yemen. Based on further review and interviews with personnel involved in the operations, U.S. officials said Wednesday that Navy Special Warfare Operator 1st Class Christopher J. In a statement, Naval Special Warfare Command said that an investigation is continuing to gather more information on what happened. Chambers, 37, of Maryland, enlisted in the Navy in 2012 and graduated from SEAL training in 2014. Ingram, 27, of Texas, enlisted in 2019 and graduated from SEAL training in 2021.

Persons: Christopher J, Chambers, Nathan Gage Ingram, Ingram Organizations: WASHINGTON, —, Navy, Special Warfare Command, Navy’s Locations: Yemen, U.S, Chambers, Maryland, Texas

☆ See a tattooed Jake Gyllenhaal fight dirty in ‘Road House’ remake
▼ + stars: | 2024-01-25 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

The first trailer for the movie “Road House,” a “high-octane, adrenaline-filled reimagining” of the 1989 Patrick Swayze classic, shows a beefed-up Gyllenhaal ready to take on some local bad guys in the Florida Keys. On Monday, Gyllenhaal had teased the movie, sharing the official “Road House” poster and announcing the trailer was coming. Road House - Official Trailer | Prime Video“In the studio, putting the finishing touches on @roadhousemovie and feeling fortunate to have worked with so many talented folks throughout the making of this film,” he wrote. It is the first movie role for MMA fighter Conor McGregor. “Road House” will premiere on Prime Video March 21.

Persons: Jake Gyllenhaal, ”, Patrick Swayze, Gyllenhaal, Dalton, “, Swayze, Doug Liman, Jessica Williams, Lukas Gage, Daniela Melchior, Billy Magnussen, Joaquim de Almedia, Arturo Castro, B.K, Cannon, Beau Knapp, Darren Barnet, Conor McGregor Organizations: CNN, UFC, Bourne Locations: Florida

As he went under, Navy Special Warfare Operator 1st Class Christopher J. Blake Chaney, commander of Naval Special Warfare Group 1, which oversees SEAL Team 3. They loaded onto small special operations combat craft driven by naval special warfare crew to get to the boat. Chambers, 37, of Maryland, enlisted in the Navy in 2012, and graduated from SEAL training in 2014. Ingram, 27, of Texas, enlisted in 2019, and graduated from SEAL training in 2021.

Persons: Nathan Gage Ingram, Christopher J, Chambers, Chris, Gage selflessly, ”, Blake Chaney, Joe Biden, “ Jill, USS Lewis B, Puller, Ingram, Chaney Organizations: WASHINGTON, —, Navy's, Navy, Special Warfare, NSW, White, — Navy, ”, USS, Central Command, U.S . Navy, Warfare, Marine Locations: Somalia, Yemen, Gulf of Aden, Gaza, East Africa, Iran, West Coast, Maryland, Texas

☆ Pentagon Names Two SEALs Lost in Raid in Arabian Sea
▼ + stars: | 2024-01-22 | by ( Dave Philipps | More About Dave Philipps | ) www.nytimes.com time to read: +1 min

The Defense Department identified on Monday the two Navy SEALs who were lost at sea and died this month during a nighttime commando raid on a small ship carrying weapons components bound for Yemen. Active-duty and veteran SEALs said it appeared that the men might have sunk quickly before they could be rescued, and that the circumstances of their deaths raised questions about the planning and conduct of the raid. Special Operator First Class Christopher J. Chambers, 37, and Special Operator Second Class Nathan Gage Ingram, 27, were lost on Jan. 11 when SEALs in two stealthy combat speedboats, shadowed by helicopters and drones, boarded a dhow, a type of small wooden cargo ship, in the Arabian Sea off the coast of Somalia. Both SEALs were quickly lost in the waves.

Persons: Christopher J, Chambers, Nathan Gage Ingram Organizations: Defense Department, Navy Locations: Yemen, Somalia

☆ US identifies 2 Navy SEALs declared dead after operation off Somali coast
▼ + stars: | 2024-01-22 | by ( Haley Britzky | ) edition.cnn.com time to read: +3 min

CNN —The two Navy SEALs who the US Navy declared dead after they went missing while conducting an operation on January 11 off the coast of Somalia have been identified as Navy Special Warfare Operator 1st Class Christopher Chambers who was 37 and Navy Special Warfare Operator 2nd Class Nathan Gage Ingram who was 27, the US Navy announced Monday. Blake Chaney, commander of Naval Special Warfare Group 1, said in a statement that Chambers and Ingram “were exceptional warriors, cherished teammates, and dear friends to many.”“Chris and Gage selflessly served their country with unwavering professionalism and exceptional capabilities,” Chaney said. According to biographies provided by Naval Special Warfare Command, Chambers, from Maryland, enlisted in the Navy in May 2012 and had served with SEAL units on the West Coast since 2014. Ingram, from Texas, enlisted in September 2019, immediately going into pre-special warfare training after completing boot camp at Recruit Training Command Great Lakes, Illinois. “During this expansive search operation, airborne and naval platforms from the US, Japan, and Spain continuously searched more than 21,000 square miles to locate our missing teammates.

Persons: Christopher Chambers, Nathan Gage Ingram, Capt, Blake Chaney, Chambers, Ingram “, ” “ Chris, Gage selflessly, ” Chaney, Ingram, CENTCOM, ” CNN’s Natasha Bertrand Organizations: CNN, Navy, US Navy, Special Warfare, NSW, Warfare, Central Command, US, Special Warfare Command, Marine, Recruit Training Command, Terrorism, Medal, National Defense Service, Numerical Meteorology, Oceanography Center, U.S . Coast Guard Atlantic Area Command, University of San, Oceanography, Naval Research Locations: Somalia, West Coast, Iran, Yemen, Maryland, Texas, Lakes , Illinois, Japan, Spain, University of San Diego

☆ My family was chased off our land by a racist mob. More than 80 years later, I own it again.
▼ + stars: | 2024-01-20 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

I didn't know white people until we got to Fort Worth. AdvertisementMy family bought a home in a neighborhood where we weren't wanted, but we didn't know that. LM Otero/APRegaining our landI went to Fort Worth's first Black high school and graduated when I was 16 years old. One day years later, a friend of mine who works at the Star-Telegram, a local newspaper in Fort Worth, mentioned the land my family had bought all those years ago. Opal Lee (bottom second from left) attended President Joe Biden's signing of the Juneteenth National Independence Day Act.

Persons: —, Opal Lee, weren't, Lee, It's, LM Otero, Fort Worth's, Gage Yager, Gage, I'm twerking, Juneteenth, Joe Biden's, Evan Vucci Organizations: Service, Business, AP, Fort, Wiley College, Star, Humanity Locations: Marshall , Texas, Fort Worth, Marshall

Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. Josh Allen and the Bills have a third chance to get their first playoff win over Patrick Mahomes and the Kansas City Chiefs. After a winning regular season, Pro Picks aims to rebound from a losing start in the wild-card round. LIONS, 23-20KANSAS CITY at BUFFALOLine: Bills minus 2 1/2Finally, the Bills get the Chiefs at home in January. BILLS, 24-23Last week: Straight up: 2-4.

Persons: Rob Maaddi, Josh Allen, Patrick Mahomes, Baker Mayfield, Gardner, Johnson, Lamar Jackson, Stroud, DeMeco Ryans, FanDuel Sportsbook, Jackson, it’s, Roquan Smith, Kyle Hamilton, Colin Kaepernick, Jimmy Garoppolo, it’s Brock Purdy’s, Jordan Love, Aaron Rodgers, Love, Matt LaFleur’s, Aaron Jones, Romeo, Christian McCaffrey, George Kittle, Kyle Juszczyk, Purdy, Deebo Samuel, Brandon Aiyuk, Fred Warner, Nick Bosa, Mayfield, Russell Gage, he’s, Jared Goff, Mahomes, They’re, ___ Organizations: AP Pro Football, Bills, Kansas City Chiefs, Buccaneers, Detroit Lions, Houston Texans, 49ers, Green Bay Packers, HOUSTON, BALTIMORE, Texans, Cleveland, Ravens, Houston, RAVENS, SAN FRANCISCO, San, Packers, Dallas, The Cowboys, All, BEST BET, 49ERS, TAMPA BAY, DETROIT Line, Philadelphia, Lions, Bucs, Rams, The Lions, LIONS, KANSAS CITY, BUFFALO Line, Chiefs, Kansas City, Pittsburgh, Miami Locations: Stroud, Baltimore, San Francisco, Charvarius, TAMPA, DETROIT, Tampa, Philadelphia, KANSAS

☆ Satellite photos show how the US Air Force is reclaiming a WWII-era airfield from the jungle to prepare to dodge Chinese missiles
▼ + stars: | 2023-11-30 | by ( Christopher Woody | ) www.businessinsider.com time to read: +11 min

The US Air Force is developing more dispersed bases to counter the threat posed by China's missiles. US engineers quickly began building what became the biggest and busiest air base of the war. "Air Force engineers are scheduled to remove the vegetation that have penetrated through the cracks and joints of the old pavement surfaces," Peden added. Money is allotted for work at Tindal air base — including $93 million to build a parking apron for six B-52 bombers — and Darwin air base, both of which are in Australia's Northern Territory. The Air Force is working with the rest of the military to address those challenges, Thomas Lawhead, acting deputy chief of staff for Air Force Futures, said at an event this month.

Persons: —, Gen, Kenneth Wilsbach, Wilsbach, Lance Cpl, J, Gage, Capt, Gerald Peden, Peden, Jason Robertson, Cesar Basa, Michael S, Murphy, Frank Kendall, Kendall, Sgt, JT May III, Thomas Lawhead, Joseph P, Lawhead Organizations: US Air Force, China's, Service, Airport, US Pacific Air Forces, an Air and Space Forces Association, Field, International Airport, Commonwealth of, Marines, Air Force, Google, Air, Tinian's, US Marine Corps, KC, Pacific Air Forces, Tech, Northwest Field, Tindal, Pentagon, Air Force Futures, Army Locations: Tinian, SkyFi, Japan, Hiroshima, Nagasaki, West, Commonwealth, Northern Mariana Islands, Pacific, —, Guam, Northern Territory, Philippines, Manila, Philippine, China, North Korea, Northern Mariana

☆ Chris Appleton files for divorce from ‘White Lotus’ star Lukas Gage
▼ + stars: | 2023-11-13 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Celebrity hairstylist Chris Appleton has filed for divorce from “White Lotus” and “Euphoria” actor Lukas Gage after six months of marriage. Appleton cited “irreconcilable differences” as grounds for divorce, according to the petition that was filed in Los Angeles on Monday and obtained by CNN. CNN has reached out to representatives for Appleton and Gage for comment. The estranged couple wed in April in Las Vegas, with Appleton’s long-time client Kim Kardashian officiating the ceremony and country star Shania Twain serenading the then-newlyweds. The photos they posted showcased Gage and Appleton posing with Kardashian in front of the iconic wrought iron gates of Las Vegas’s Little White Chapel, and another photo showing Kardashian officiating the ceremony.

Persons: Chris Appleton, “, Lukas Gage, Appleton, Gage, Kim Kardashian, Shania Twain, ” Appleton, Kardashian, Twain, ” Gage, TikTok Young Organizations: CNN, Appleton, TikTok Young Hollywood Locations: Los Angeles, Las Vegas, Las

☆ How head lice reveal secrets about human origins
▼ + stars: | 2023-11-13 | by ( Manav Tanneeru | Katie Hunt | ) edition.cnn.com time to read: +5 min

CNN —Head lice have been constant, if unwanted, human companions for as long as our species has been around. Some 20 years ago, David Reed, a coauthor of the new study and a researcher and curator at the Florida Museum of Natural History, found that human head lice are composed of two ancient lineages, with origins predating Homo sapiens. Doing so allowed researchers to detect the hybrid lice and better capture the genetic diversity of head lice. Ascunce said she had hoped the information they gleaned might answer whether Neanderthal head lice are still around today, but the 15 genetic markers, known as “microsatellites,” that they studied in the lice nuclear DNA didn’t reveal that information. “New ongoing studies are being done using whole genome sequences from human lice, so stay tuned for more exciting research on that.”

Persons: ”, Marina Ascunce, Jeff Gage, Ascunce, It’s, David Reed, sapiens, “ Organizations: CNN, US Department of Agriculture, Plos, Florida Museum, University of Florida Locations: Brazil, Africa, Americas

☆ $100 billion property giant Prologis sealed a huge EV charging station deal. It hints at a new opportunity for real estate investors.
▼ + stars: | 2023-10-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +16 min

Late last year, it installed 38 chargers for electric trucks operated by Maersk at two sites in the Los Angeles area. There were 1.8 million conventional medium and heavy duty commercial vehicles operating in the state in 2021, according to data from the California Air Resources Board. Arnold said electric charging sites might be more lucrative than traditional industrial outdoor storage properties. The EV-charging business' chicken-and-egg problemOne of the biggest constraints to the development of charging sites is the availability of power. PDS operates about 320 diesel rigs, Gillis said, but because of the rules, will purchase "20 to 30 electric trucks" a year to steadily electrify its fleet.

Persons: Henrik Holland, John O'Leary, O'Leary's, Holland, Crawford Arnold, Arnold, Southern California Reuters Arnold, Vernon, Rivian, Gage, Zeina, Azzi, she'd, Jim Hurless, Hurless, Michael Bresnahan, Bresnahan, Elon Musk, Tesla, Greg Pearson, Pearson, Frank Schulz, Marijan Murat, Jim Gillis, Gillis, Emil Abdelshehid, We're, Nikola, Moshe Cohen, Cohen Organizations: Shell, Prologis, Maersk, Daimler Truck North, Mercedes, Freightliner, Government, California Air Resources Board, US Department of Energy, IOS, Investors, Shipping, Southern California Reuters, Amazon, FedEx, UPS, Colorado ., Chateau Energy Solutions, Tesla, Klabin, Getty, Los, Pacific Drayage Services, Los Angeles Department of Water, PDS, Volvo, Inc Locations: Southern California, Danish, Los Angeles, Long, Los Angeles County, Torrance, Daimler Truck North America, California, Vernon, of Long Beach, Newark , New Jersey, Texas, New York City, New Jersey, Colorado, Inland, Fontana, San Bernardino, Brooklyn

☆ Six Emerging Brands to Know This Season
▼ + stars: | 2023-09-20 | by ( Gage Daughdrill | ) www.nytimes.com time to read: +1 min

DiotimaThe designer Rachel Scott’s focus on tailoring and craft — in particular, crochet made in her native Jamaica — has been clear since she launched her brand, Diotima, in 2021. But it wasn’t until she held her first presentation, at a gallery in New York’s Chelsea neighborhood earlier this month, that fashion week attendees were able to observe the line’s detailing up close: Models traversed the room in intricate bead vests and floor-length gowns made from delicate, netlike cotton fabrics. Scott, 39, formerly a vice president of design at Rachel Comey, also collaborated with the Jamaican visual artist Laura Facey this season, drawing inspiration from the work in Facey’s 2022 solo exhibition at the Kingston arts venue Ormsby Hall. “It had a haunting energy,” Scott said in a statement, “one that prompted me to reflect, once again, upon the history and legacy of slavery in the Caribbean.” Facey’s chalk drawing “Seed” (2022) appeared as a textile print, and the artist made small versions of her heart-shaped wooden sculptures, which Scott hung like talismans from long cord necklaces and silver hoop earrings.

Persons: Rachel Scott’s, Jamaica —, Scott, Rachel Comey, Laura Facey, ” Scott Organizations: Ormsby Locations: Jamaica, New York’s Chelsea, Kingston, Caribbean

☆ Analysts name 2 stocks to play the $104 billion EV charging industry — giving one 95% upside
▼ + stars: | 2023-09-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Public electric vehicle charging infrastructure remains "critical" in driving further EV adoption, said analysts at investment bank TD Cowen. "A ubiquitous and reliable network of public EV charging infrastructure remains critical in driving further adoption to curtail CO2 emissions from the transportation sector," said TD Cowen. Here are some areas that will take up the bulk of that opportunity, as well as stocks that could benefit, according to TD Cowen. Passenger EV charging hardware The bank estimates that $91 billion in investment is required for publicly available U.S. EV charging hardware and installations for passenger vehicles, and another $14 billion for commercial vehicles by 2030. "Ultimately, we think the next wave of EV charging companies will have a keen focus on the fleet /medium/heavy-duty sector," it said.

Persons: TD Cowen, Cowen, Gage, They're, ChargePoint, — CNBC's Michael Bloom Organizations: EV, ChargePoint Holdings, ABB, Software, DC Locations: U.S, United States, America

The judge had ruled that Williams failed to claim that he would not have been fired but for his race. Tech Mahindra's U.S. subsidiary has more than 5,000 employees and 90% of them are South Asian, according to filings in the case. The case is Williams v. Tech Mahindra Americans Inc, 3rd U.S. Circuit Court of Appeals, No. For Williams: Mark Hammervold of Kotchen & LowFor Tech Mahindra: Kenneth Gage of Paul HastingsOur Standards: The Thomson Reuters Trust Principles.

Persons: Lee Williams, Williams, Brian Martinotti, Martinotti, Peter Phipps, Joseph Greenaway, Cheryl Krause, Mark Hammervold, Kenneth Gage, Paul Hastings Organizations: South, IT, Tech Mahindra Ltd's, U.S, Circuit, Appeals, Tech Mahindra, Lawyers, Civil, Tech Mahindra's, District, . Tech Mahindra Americans Inc, Low, Paul Hastings Our, Thomson Locations: New Jersey, North Dakota, Newark

☆ Singapore's DBS Bank posts record first-quarter profit, beating estimates
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +1 min

Singapore's biggest bank DBS reported record first-quarter profit on Tuesday, rising a stronger-than-expected 43% from a year earlier on a higher net interest margin, sustained business momentum and resilient asset quality. Southeast Asia's largest lender by assets however said its net interest margin likely peaked in the first quarter and there would be a gradual decline. January-March net profit rose to 2.57 billion Singapore dollars ($1.9 billion) from S$1.8 billion a year ago, beating a mean estimate of S$2.44 billion from five analysts polled by Refinitiv. DBS reported a total net interest margin, a key gage of profitability, of 2.12% for the first quarter, up from 1.46% in the same period a year earlier. DBS expected full-year net interest margin at 2.05% to 2.10%.

☆ Kim Kardashian attends hair stylist Chris Appleton and Lukas Gage's Las Vegas wedding
▼ + stars: | 2023-04-26 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Wedding bells are ringing for celebrity hair stylist Chris Appleton and “White Lotus” actor Lukas Gage. The couple posted on their respective Instagram pages on Wednesday that they recently wed in Las Vegas, and Kim Kardashian and country star Shania Twain played a pivotal role in their nuptials. “We did it,” Appleton captioned his Instagram post that included a diamond ring emoji and a special shoutout to Kardashian and Twain. The photos showcased Gage and Appleton donning black leather pants and black furry jackets with Kardashian against the iconic white wrought iron gates of Las Vegas’s Little White Chapel. Gage and Appleton publicly confirmed their romance last month and made their red carpet debut during the Vanity Fair and TikTok’s Young Hollywood party.

☆ CNN Announces New Primetime Show Featuring Gayle King and Charles Barkley
▼ + stars: | 2023-04-22 | by ( Isabella Simonetti | ) www.wsj.com time to read: 1 min

Charles Barkley and Gayle King. Photo: Cary Edmonson/USA Today Sports; Gage Skidmore/Zuma Press“ CBS Mornings” anchor Gayle King and former NBA player Charles Barkley will host a weekly primetime show on CNN starting this fall, the network said Saturday. The new show, “King Charles,” will start this fall and will air on Wednesdays. Ms. King, 68, is a well-known national news figure who will bring broad experience to CNN’s lineup. She will continue her responsibilities at CBS while hosting the CNN show.

☆ Charles Barkley and Gayle King’s New CNN Show Won’t Be Political, Hosts Say
▼ + stars: | 2023-04-22 | by ( Isabella Simonetti | ) www.wsj.com time to read: 1 min

Charles Barkley and Gayle King. Photo: Cary Edmonson/USA Today Sports; Gage Skidmore/Zuma Press“ CBS Mornings” anchor Gayle King and former National Basketball Association star Charles Barkley will host a weekly prime-time show on CNN starting this fall, the network said Saturday. The new show, “King Charles,” will start this fall and will air on Wednesdays. Ms. King, 68 years old, is a well-known national news figure who will bring broad experience to CNN’s lineup. She will continue her responsibilities at CBS while hosting the CNN show.

☆ Gold off one-year highs as dollar firms ahead of U.S. payrolls data
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: +2 min

Gold prices slipped from one-year highs on Thursday as the dollar regained some ground, while investors awaited the U.S. non-farm payrolls report to gage the Federal Reserve's monetary policy strategy. The economic data points this week were major components supporting gold prices, he added, while also noting some profit-booking ahead of the Good Friday holiday. Wednesday's data showed the U.S. services sector slowed more than expected in March. While gold is traditionally considered a hedge against inflation and economic uncertainties, higher interest rates dim non-yielding bullion's appeal. Markets see a 53.8% chance of the Fed standing pat on interest rates in May, according to CME's FedWatch tool.

☆ Oil prices steady as investor focus shifts to demand outlook
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied in early Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors' attention shifting to demand trends and the impact of higher prices on the global economy. The latest pledges bring the total volume of cuts by OPEC+ to 3.66 million bpd including a 2 million barrel cut last October, according to Reuters calculations — equal to about 3.7% of global demand. "In the short term, demand is expected to rise for the summer driving season, but higher oil prices may intensify inflationary pressures and prolong interest rate hikes in many countries, which could dampen demand," he said. The OPEC+ production curbs led most analysts to raise their Brent oil price forecasts to around $100 per barrel by year-end. The news, however, added to investor worries about higher costs for businesses and consumers, raising fears that an inflationary jolt to the world economy from rising oil prices will result in more rate hikes.

☆ US railroad group warns carriers to stop using cars with loose wheels
▼ + stars: | 2023-03-10 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 9 (Reuters) - A group representing major U.S. railroads on Thursday warned carriers to stop using rail cars with loose wheels until those wheel sets can be replaced. The Association of American Railroads (AAR) said Norfolk Southern (NSC.N) had identified loose wheels on a series of cars that present an increased risk of an out of gage derailment. The National Transportation Safety Board (NTSB) said it was looking at the role of the loose wheels in recent derailments and praised the industry action. Norfolk Southern had 517 railcars in use with the wheels at issue, she added. Norfolk Southern did not immediately respond to a request for comment.

☆ Analysis: Dollar's gyrations raise hedging costs for U.S. companies
▼ + stars: | 2023-02-06 | by ( Laura Matthews | ) www.reuters.com time to read: +5 min

Currency volatility drove the J.P. Morgan VXY G7 Index (.JPMVXYG7) in September to its highest in more than two years. Volatility, which causes wider bid-ask spreads and makes hedging more expensive, is causing companies to reassess their hedging programs. SPREADING BETSAnother way businesses are trying to minimize hedging costs is by spreading currency management around to more brokers outside of their main clearing banks, hedging advisors said. Revenue at Argentex Group, a riskless principal broker, has risen 63% from to 2021 as FX volatility elevated corporate hedging needs. While currency gyrations have ebbed and hedging costs have declined, “volatility and inflation remain a concern for many companies,” Kyriba’s Gage said.

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