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☆ At a Holi festival in Brooklyn, tradition and contemporary celebration create a colorful union
▼ + stars: | 2024-04-15 | by ( Sheetal Banchariya | ) www.businessinsider.com time to read: +8 min

The Hindu festival Holi has become more popular and inclusive, especially in the Indian diaspora. The Hindu festival of colors, observed as Holi in India and Fagu Purnima in Nepal, holds immense cultural significance for South Asians. "There were not many or any events celebrating Holi at that time, despite a considerable number of Indians living in Jackson Heights," she said. He said that over the years he'd seen Indians, Pakistanis, Nepalese, Bhutanese, Sri Lankans, African Americans, and Irish people attending his Holi event. Love was in the air at the Holi celebration.

Persons: —, Fagu, bhalle, gulab jamun, I'd, Sheetal, Zayira Ray, Uma Kapoor, Kapoor, Manny Singh, Jarrod Fox, Festivalgoers, Akash Sheth, Sheth, Singh, Elise Young, Elise's Bodyshop, Carmen Perez, Young, who's, Vijay Satnarine, It's, Satnarine, Love, Lord Vishnu, King Hiranyakashipu, Prahlad, Hiranyakashipu's, Holika, Radha Rani, Lord Krishna Organizations: Service, BI, Morgan, Morgan Stanley's IT, Google, Hindu American Foundation, gulal, Apple Locations: Brooklyn , New York, India, Fagu Purnima, Nepal, New York, Asian, Queens , New York, Jackson Heights, Jersey, New York City, Morgan Stanley's, City, Brooklyn, Sri Lankans, African, Connecticut, Massachusetts, London, Wales

Tottenham moved to fourth place, level on points with Aston Villa, which hosted Wolves later. Palmer's brace at Stamford Bridge could help Chelsea only draw 2-2 with 10-man Burnley. Chelsea was wasteful in the first half and had a goal ruled out after 20 minutes. The Blues took the lead from the spot when Palmer scored with a Panenka kick, chipping the ball down the middle. In a spectacular game that was goalless at the break, Sheffield United and Fulham drew 3-3 after the host blew a 3-1 lead.

Persons: Son Heung, Tahith Chong, Issa Kabore, Timo Werner, Kabore, PALMER’S PANENKA, Cole Palmer, Palmer, Mykhailo Mudryk, Vincent Kompany fuming, Kompany, Lorenz Assignon, Josh Cullen volleyed, Raheem Sterling’s backheel, Dara O’Shea, Djordje Petrovic, James ’, Harvey Barnes, Lukasz Fabianski, “, ” Barnes, “ It’s, I’ve, Alexander Isak, Mohammed Kudus, Michail Antonio, Jarrod Bowen, Crystal Organizations: Tottenham, Luton, English Premier League, Aston Villa, Spurs, South, Wolves, Manchester City, Arsenal, Liverpool, Brighton, LETHARGIC SPURS Tottenham, PALMER’S PANENKA Chelsea, Premier League, Stamford, Chelsea, Burnley, Blues, Newcastle, West, Sheffield United, Fulham, Nottingham Forest Locations: South Korea, West Ham, St, London, Newcastle

Young workers are pushing back against Dave Ramsey's financial advice on TikTok. You’ll spend $22,995 over the course of 30 years,” Ramsey’s financial advice company, Ramsey Solutions, writes in a post on its website. But younger workers say buying a home in cash isn’t feasible when home prices are skyrocketing nationwide. AdvertisementYounger generations began questioning Ramsey’s advice on homebuying even before the anti-Ramsay rhetoric began trending on TikTok. Sarah Martinez Shaw, who grew up on Ramsey’s advice, told BI his tips left her in a tough spot .

Persons: Dave, —, Dave Ramsey, Gen Z, “, “ You’ll, You’ll, ”, ” Jarrod Benson, Ravin, Mercer, Gen, Ramsey, ” Josh Benson, Ramsay, Sarah Martinez Shaw, Ramsey “ Organizations: Service, Wall Street, Ramsey Solutions, Orlando, Business, America Locations: TikTok, ”, West, United States, Dallas

Then, Kelce saw Oropeza's painting entitled “:13 seconds,” which depicted the dramatic finish to the Chiefs' game against Buffalo in 2022. “That right there,” Kelce told Oropeza, “looks familiar.”Oropeza's work has caught the attention of more than just Kelce in recent years. He's done commissions for Jarrod Dyson of the Kansas City Royals and the wife of former St. Louis Cardinals slugger Albert Pujols. “We are incredibly proud of our 60-plus-year connection to the Kansas City region,” Chiefs president Mark Donovan said in a statement. Those are just some of the small businesses that have benefited from what has become a robust Chiefs industry.

Persons: — Anthony Oropeza, Travis Kelce, Kelce, Satchel Paige, ” Kelce, Oropeza, “, He's, Jarrod Dyson, Albert Pujols, Patrick Mahomes, ”, Mark Donovan, Go Taylor, Taylor Swift, Charlie Hustle, Dolce, Andy Reid, ” Dolce, Erin Brown, ” Brown, Jason Kelce, Reid, Andy Reidcicle, “ It's, ” Oropeza, Travis Organizations: of Fame Negro, Chiefs, Buffalo, AFC, Kansas City Royals, Louis Cardinals, San Francisco 49ers, Econsult Solutions, Arrowhead, ” Chiefs, Kansas, ” Dolce Bakery, Super, Kansas City, Ravens, Vegas, ”, Bills, Eagles, Miami Locations: Kan, Kansas City, Cleveland, Prairie Village , Kansas, Kansas, Las Vegas, Liberty , Missouri

☆ This energy drink stock trouncing the market appears ready for its next bull run, according to the charts
▼ + stars: | 2024-01-17 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

However, America's quest for a healthier lifestyle in a post-pandemic era led Pepsi to invest in Celsius (CELH) in August, 2022. International opportunity The Pepsi distribution deal helped Celsius spread across America quickly and it is now sitting at the No. DISCLOSURES: (Gordon owns CELH in personal (stock and options) and stock in wealth management business.) THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, Ozempic, CELH, Jarrod Langhan, Gordon Organizations: Pepsi, Cola, Tactical Alpha, Monster Beverage, Beverage Locations: America, Canada, United Kingdom, Australia, Germany

☆ I charge up to $25,000 to decorate homes for Christmas. It's exhausting work but I love creating beautiful environments for people to celebrate the holidays.
▼ + stars: | 2023-11-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

AdvertisementLots of my residential design clients become Christmas decorating clientsAt first, I started working out of my home. It's usually, "We want to do Christmas really big this year" or "We're having a party and we want our home to look really nice." A Christmas tree that Warren designed. Jarrod EstesIf they are going to hire me, they want to get the most bang for their buck, and for 99% of people, that means a decorated Christmas tree. Warren and a Christmas tree she designed.

Persons: Courtney Warren, Warren, —, Courtney Warren Home, I've, It's, Courtney, Jarrod Estes, they're, it's, Warren ., we've, couldn't, haven't, I'm Organizations: Service, Dallas metroplex Locations: Dallas, New York, Texas

☆ Sterling misses out on England selection again
▼ + stars: | 2023-11-09 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, Nov 9 (Reuters) - Chelsea forward Raheem Sterling was again left out by England manager Gareth Southgate as he named his squad for the forthcoming Euro 2024 qualifiers against Malta and North Macedonia. Sterling, who has earned 82 caps for his country and was once a key part of Southgate's forward line, has now missed five successive England squads. Despite Southgate saying the door remains open, time is clearly running out for Sterling to force his way back into the reckoning for the Euro 2024 finals. Manchester City's John Stones misses out because of injury while Chelsea's Reece James is also not included despite recently returning from a lengthy injury lay-off. "I'm super excited about the tournament, we're really gearing towards the next tournament and I think everybody in international football is always living from tournament to tournament.

Persons: Raheem Sterling, Gareth Southgate, Sterling, Southgate, Raheem, we've, Eddie Nketiah, Callum Wilson, Aston, Ollie Watkins, Manchester City's John Stones, Chelsea's Reece James, Reece James, that's, Sam Allardyce's, Sam Johnstone, Jordan Pickford, Aaron Ramsdale, Levi Colwill, Lewis Dunk, Marc Guehi, Harry Maguire, Fikayo, Kieran Trippier, Kyle Walker, Trent Alexander, Arnold, Jude Bellingham, Conor Gallagher, Jordan Henderson, Kalvin Phillips, Declan Rice, Jarrod Bowen, Phil Foden, Jack Grealish, Harry Kane, James Maddison, Marcus Rashford, Martyn Herman, Toby Davis Organizations: Chelsea, Malta, Italy, Newcastle United, Manchester, Wembley, Arsenal, Brighton & Hove Albion, Manchester United, Milan, Manchester City, West Ham United, Bayern, Tottenham Hotspur, Aston Villa, Thomson Locations: England, North Macedonia, France, Germany, Malta, Crystal, Everton, Chelsea, Manchester, Liverpool, Real Madrid, West, Bayern Munich

But Josh Seal, who is deaf, couldn’t hear the gunfire — though some deaf survivors said they felt startling jolts, his wife said. The father of four children — Jayson, 12; Sephine, 9; Jarrod, 6; and Jaxton, 3 — kept the family on the go, Liz Seal said. Josh Seal also found time for his own passions, including playing disc golf. "And he would.”After the shootings, Liz Seal spent the evening trying to get answers, knowing her husband and friends were at the cornhole tournament. Liz Seal, however, was preparing herself to receive her husband’s body from the medical examiner.

Persons: Josh Seal, “, ” Elizabeth “ Liz ” Seal, Liz Seal, Josh Seal’s, — Jayson, Jarrod, —, “ I’m, ”, ” Liz Seal, ‘, Nirav Shah, Janet Mills, Seal, “ Josh, it’s, Olivia Joshua Skye, Josh, David Sharp, @David_Sharp_AP Organizations: Pine Tree Society, Associated Press, “, Maine Center for Disease, Democratic Gov, Tree Society, Maine Locations: LISBON, Maine, Lewiston, Pine, Lisbon Falls, Androscoggin

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The yen eased to 149.83 per dollar, its weakest in more than 11 months, moving ever closer to the 150 mark that some traders believe could prompt intervention by Tokyo to support the currency. "If the yen breaks 150 per dollar, which I think is likely, and verbal intervention is not followed by action then we could see dollar-yen at 155." In the broader currency market, sterling was last 0.4% lower at $1.2158, having slid nearly 4% against the dollar in the third quarter. Elsewhere, the Australian dollar slid 0.6% to $0.6395, while the New Zealand dollar edged 0.4% lower to $0.5972, as traders looked ahead to rate decisions from their respective central banks this week.

Persons: Florence Lo, Dane Cekov, Shunichi Suzuki, Jarrod Kerr, Nordea's Cekov, bitcoin, Samuel Indyk, Rae Wee, Shri Navaratnam, Simon Cameron, Moore, Emelia, Alex Richardson Organizations: U.S, REUTERS, Bank of Japan, Bank of Japan's, Finance, Congress, Democratic, Australian, New Zealand, Thomson Locations: Tokyo, Britain, U.S

☆ Buoyant dollar pushes fragile yen to within striking distance of 150
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: +3 min

Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan. The dollar kicked off the last quarter of the year on the front foot on Monday as the prospect of higher-for-longer U.S. rates provided solid support, pushing the yen to an 11-month low. Sterling was last 0.13% lower at $1.2188, having similarly slid nearly 4% against the dollar in the third quarter. "This puts the 1 November FOMC meeting back on the table as a potential venue for a further 25-basis-point rate hike." Elsewhere, the Australian dollar fell 0.07% to $0.64305, while the kiwi edged 0.1% lower to $0.59925.

Persons: Olivier d'Assier, Jarrod Kerr, Sterling, Kiwibank's Kerr, Chris Weston Organizations: U.S, Congress, Democratic, U.S . Labor Department, CPI Locations: Tokyo, Japan, Asia, Australia, China

☆ Tottenham hold Arsenal, Liverpool go second, Newcastle hit eight
▼ + stars: | 2023-09-24 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Chelsea's woes continued as they lost at home to Aston Villa and Sheffield United slumped to the bottom of the table as they suffered a humiliating 8-0 home thrashing by Newcastle United in which eight different Newcastle players scored. The first north London Premier League derby since 2014 not to feature Harry Kane produced an enthralling contest at The Emirates where the two unbeaten sides went toe-to-toe. Arsenal twice led, first through Cristian Romero's 26th-minute own goal, and again thanks to Bukayo Saka's penalty early in the second half. Mitoma then wrapped up the points as Brighton moved above Tottenham and Arsenal with 15 points. Newcastle ran riot at Sheffield United in the weekend's final action as they put eight past the hapless Blades -- their biggest win in the Premier League since they put eight past Sheffield Wednesday in 1999.

Persons: Arsenal Nunez, Tottenham Hotspur slugged, Harry Kane, Cristian Romero's, Bukayo, Ange Postecoglou's Tottenham, Son Heung, Postecoglou, Declan Rice, Mikel Arteta, West Ham, Mohamed Salah, Nayef Aguerd, Jarrod Bowen, Darwin Nunez, Alexis Mac Allister's, Diogo Jota, Klopp, Malo, Ollie Watkins, Mauricio Pochettino, Villa, Kaoru Mitoma, Dominic Solanke's, Billy Gilmour's, Milos Kerkez's, Neto, Roberto de Zerbi, Fati, Mitoma, Sean Longstaff, Dan Burn, Sven Botman, Callum Wilson, Anthony Gordon, Miguel Almiron, Bruno Guimaraes, Alexander Isak, Martyn Herman, Toby Davis Organizations: Spurs, Arsenal, Liverpool, West Ham Chelsea, Newcastle, Sheffield, Tottenham Hotspur, Premier League, West Ham United . Brighton, Hove Albion shrugged, Bournemouth, Aston Villa, Sheffield United, Newcastle United, London Premier League, The Emirates, Tottenham, Manchester City, West Ham, West, Chelsea, Villa, Brighton, Blades, Sheffield Wednesday, Thomson Locations: Stamford

☆ Ad giant IPG merges embattled data unit Kinesso with media agency Reprise after major shakeup
▼ + stars: | 2023-09-21 | by ( Ryan Joe | ) www.businessinsider.com time to read: +3 min

Ad giant IPG has officially figured out what to do with its embattled data and technology unit Kinesso, which went through a massive shakeup over the summer that saw many of its top execs depart, as Insider first reported. Kinesso has now been merged with Reprise, an agency within Mediabrands, IPG's group of media-buying agencies. "We're trying to create an end-to-end media engine that fuels the rest of IPG Mediabrands," Martin told Insider. But the areas where the new KINESSO specializes in — like data expertise, technology, and AI — are expected to be a means for growth. KINESSO has about 6,200 employees, roughly a third of the 18,000 staffers Mediabrands has across its global network.

Persons: Kinesso, Jarrod Martin, IPG, Martin, Eileen Kiernan, Kiernan, Philippe Krakowsky, it's, Mediabrands Organizations: Reprise, UM, Initiative, Revenue, Bank of America Locations: Mediabrands

Models: Daniel Abramson at Rapture Models, Fuma Maruno at Soul Artist Management, Aria Puga at Joseph Charles Viola, Jack West at One Model Management, Hasheem Wazadally at Soul Artist Management and York Jun at Tomorrow Is Another Day. Hair by Tamas Tuzes for L’Atelier NYC using Bumble and Bumble. Makeup by Dick Page for Statement Artists. Lighting tech: Ariel Sadok. Lighting assistants: Tre Cassetta, Romek Rasenas.

Persons: Daniel Abramson, Aria Puga, Joseph Charles Viola, Jack West, Hasheem, Tamas Tuzes, Dick Page, Javier Irigoyen, Nicola Kast, Frances Liang, Ariel Sadok, Jarrod Turner, Tre Cassetta, Romek, Gina Daddona, Jordan, Nick Centofanti, Nico Staake, Erin Althaus Organizations: Soul Artist Management, Model, York, L’Atelier, Webber, Productions, Post

☆ West Ham win spoils Luton's first top-flight home game in 31 years
▼ + stars: | 2023-09-01 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

LUTON, England, Sept 1 (Reuters) - Pacesetters West Ham United claimed a 2-1 Premier League victory at Luton Town thanks to headers by Jarrod Bowen and Kurt Zouma on Friday to spoil the hosts' much-anticipated first top-flight game at their snug Kenilworth Road stadium in 31 years. I don't score many headers," said Bowen, the first West Ham player since 1930 to score in their first three away games. "We showed the character to deal with the atmosphere," West Ham manager David Moyes told the BBC. "Good against a tough team who are going to put teams under a lot of pressure. New signing Ross Barkley launched a left-foot effort moments later that sailed just wide of the West Ham goal.

Persons: Jarrod Bowen, Kurt Zouma, Mads Andersen, Alphonse Areola, Rob Edwards, It's, Bowen, Lucas Paqueta, Thomas Kaminski, West, James Ward, Prowse, Zouma, James, Luton, Edwards, KENNY, Kenny, David Moyes, I've, Ryan Giles, Ross Barkley, Alfie Doughty, Lori Ewing, Ken Ferris Organizations: Ham United, League, Luton Town, Luton, Hatters, Sky Sports, Ward, BBC, West, Thomson Locations: LUTON, England, Kenilworth, West Ham, Ham

☆ Fernandes inspires United comeback win, Arsenal held, West Ham go top
▼ + stars: | 2023-08-26 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Erik ten Hag's Manchester United began abysmally against Forest and conceded twice inside the opening five minutes to Steve Cooper's enterprising outfit. United got the quick response they needed however with Marcus Rashford's cut back being touched in by Cristian Eriksen. Dejan Kulusevski sealed the points in the second half for new manager Ange Postecoglou's side. First half I thought we were really good," Australian Postecoglou, who has quickly changed the mood at Spurs, told reporters. Champions Manchester City, who are fifth on six points, visit promoted Sheffield United on Sunday when Newcastle United, on three points, host Liverpool who have four.

Persons: Manchester United's Bruno Fernandes, James Ward, Prowse, Jarrod Bowen, Michail Antonio, West Ham, Erik, Steve Cooper's, Fernandes, Forest, Andre Onana, Willy Boly, United, Marcus Rashford's, Cristian Eriksen, Casemiro, Joe Worrall, Danilo, Rashford, Andreas Pereira, Bukayo Saka, Aaron Ramsdale, Eddie Nketiah, Calvin Bassey cynically, Marco Silva's, Arsenal's, James Maddison, Dejan Kulusevski, Ange Postecoglou's, we've, We've, Sasa Kalajdzic, Crystal Palace's Joachim Andersen, Kevin Schade's, Martyn Herman, Ken Ferris Organizations: Manchester United, Forest, Arsenal, Fulham Flying West Ham, Manchester, Nottingham Forest, Fulham, Premier League, . West Ham United, Brighton & Hove Albion, Tottenham Hotspur, Bournemouth, Hammers, Seagulls, United, Bukayo, Spurs, Everton, Wolverhampton Wanderers, Wolves, Brentford, Manchester City, Sheffield United, Sunday, Newcastle United, Liverpool, Thomson Locations: Brighton, ., West, Portuguese, Forest's, London

☆ Arsenal, Newcastle up and running, but reality bites for Luton
▼ + stars: | 2023-08-12 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

But Forest grabbed a goal back in the 83rd minute through Taiwo Awoniyi and pressed for an unlikely point. ANXIOUS FINISH"Welcome to the Premier League!" Arsenal manager Mikel Arteta said of the anxious finish. "Running the clock down, in this league, that's a very dangerous thing to do but overall I'm very happy." Sheffield United's defeat by Palace completed a poor opening weekend for the promoted clubs after Burnley's loss on Friday.

Persons: Eddie Nketiah, Martin Odegaard, William Saliba, Gabriel Martinelli, David Klein, James ', Eddie Howe's, Sandro Tonali, Moussa Diaby, Alexander Isak, Callum Wilson, Harvey Barnes, Declan Rice, Kai Havertz, Saka, Mikel Arteta, Solly, Joao Pedro, Carlton Morris, Simon Adingra, Evan Ferguson, Bobby De Cordova, Reid, Andreas Pereira, Michael Keane, Stuart Attwell, James Tarkowski, Bernd Leno, Sean Dyche, West Ham, Dominic Solanke, Jarrod Bowen, Andoni Iraola, Odsonne Edouard, Martyn Herman, Pritha Sarkar Organizations: Soccer Football, Premier League, Arsenal, Nottingham Forest, Emirates, REUTERS, Newcastle, Villa, Forest Everton, Fulham, Luton Town's, Hove Albion, Champions Manchester City, Burnley, St, Newcastle United, Aston Villa, Everton, Crystal, Sheffield United . West Ham United, Bournemouth, Gunners, Timber, Football League, Brighton, Luton, Goodison, BBC, Sheffield, Thomson Locations: London, Britain, Brighton, West

☆ Dollar slips as Fed's rate-hike cycle seen ending
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: +3 min

A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. While Fed Chair Jerome Powell left the door open to another hike in September, traders were unconvinced, sending the U.S. dollar broadly lower. Sterling steadied at $1.2935, having eked out a slight gain against the dollar in the previous session. A dovish pivot from the Fed will likely exert a downward pressure on the U.S. dollar in the medium term." BOJ Governor Kazuo Ueda was quoted as saying at a key government meeting on Wednesday that the central bank will maintain accommodative monetary conditions for companies.

Persons: Jerome Powell, Sterling steadied, Emin Hajiyev, Nadia Gharbi, Kazuo Ueda, Jarrod Kerr Organizations: Federal Reserve, Fed, U.S, Insight Investment, ECB, Pictet Wealth Management, Bank, Australian, Reserve Bank of Australia, Communist Party Locations: Karachi, U.S

☆ Gov. Wes Moore wants Democrats to deliver results. If he pulls it off, he could change Maryland for decades.
▼ + stars: | 2023-07-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +12 min

When speaking about the Democratic Party in Maryland, Moore leaned into a similar message. "If you look at the work that we're doing here in the state of Maryland, it's results," he said. Moore in his office at the Maryland State House in Annapolis. Moore told me that he had full confidence in the legality of the legislation, calling it "the right thing to do." Moore gives his first State of the State address at the Maryland State House on February 1, 2023.

Persons: Wes Moore, Moore, Wes Moore's, —, Mitt Romney, Chris Christie, Marylanders, We're, Biden, Frederick Douglass, we're, Del, Dan Cox, Michael Robinson Chávez, Moore —, Gov, Aruna Miller —, Annapolis —, we've, Jarrod Ramos, Christian Segovia, Jr, Brian Witte, Atlanta , Georgia —, J.B . Pritzker, Matt McClain, I've, he's Organizations: Maryland Gov, NRA, Black, Republicans, Democratic, Democratic Party, Democrats, GOP, Maryland National Guard, Maryland State House, Washington Post, National Guard, US, 82nd Airborne Division, Gazette, Baltimore, Johns Hopkins University, Baltimore's Brooklyn Homes, Guardians, Capital Gazette, AP, National Rifle Association, Morehouse College —, Democratic Gov, Illinois, Washington, Getty, of Commerce Locations: ANNAPOLIS , Maryland, Maryland, Annapolis, Afghanistan, Pittsburgh , Pennsylvania, Buffalo , New York, Baltimore's Brooklyn, Sr, Md, Atlanta , Georgia

☆ New Zealand central bank to hold rates in July and for rest of 2023: Reuters poll
▼ + stars: | 2023-07-07 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

The economy is forecast to weaken further as the impact of 525 basis points of RBNZ rate rises becomes more visible. All 25 economists polled by Reuters July 3-6 expected the RBNZ to hold the official cash rate (OCR) (NZINTR=ECI) at 5.50% on July 12. It would be the first time the RBNZ has not raised rates at a policy meeting in nearly two years. The central bank raised rates in May but signalled it was done tightening. Over 90% of economists pollled, 23 of 24, did not predict any changes to rates this quarter.

Persons: Jarrod Kerr, pollled, Nick Tuffley, Devayani Sathyan, Susobhan Sarkar, Hari Kishan, Ross Finley, Kim Coghill Organizations: Reserve Bank of New Zealand, Reuters, ANZ, ASB, Bank of New, Kiwibank, Westpac, Thomson Locations: BENGALURU, Bank of New Zealand

☆ New Zealand central bank to hold rates in July and for rest of 2023, Reuters poll shows
▼ + stars: | 2023-07-06 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

The economy is forecast to weaken further as the impact of 525 basis points of RBNZ rate rises becomes more visible. All 25 economists polled by Reuters July 3-6 expected the RBNZ to hold the official cash rate (OCR) (NZINTR=ECI) at 5.50% on July 12. It would be the first time the RBNZ has not raised rates at a policy meeting in nearly two years. The central bank raised rates last month but signalled it was done tightening. Over 90% of economists pollled, 23 of 24, did not predict any changes to rates this quarter.

☆ UBS loves this low-cost global airline and expects its shares to rise 50% in the next year
▼ + stars: | 2023-06-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

UBS has upgraded Wizz Air to a buy rating, forecasting 50% growth in the pan-European airline's stock over the next 12 months. The London-listed company is a low-cost airline operating from nearly 40 airports and flying to over 50 countries. Wizz Air shares are already up by 50% this year, and UBS analysts expect the stock to increase by another 50% to £43 ($54.47) a share over the next 12 months. Deutsche Bank analysts raised their price target for Wizz Air to £37 but reiterated their "hold" rating on the stock. Deutsche analyst Jaime Rowbotham lowered the bank's forecast for the number of passengers flying Wizz Air next year by 3%, in contrast to its upgraded forecast for rival Ryanair , Europe's largest airline.

Persons: Jarrod Castle, Wizz, Jaime Rowbotham, Rowbotham Organizations: UBS, Wizz, Deutsche Bank, Wizz Air, Air, Ryanair, Europe's Locations: London, Central, Eastern, Swiss, Frankfurt, United States, Wizz

☆ New Zealand's economy likely in recession as rate hikes take hold
▼ + stars: | 2023-06-13 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, June 13 (Reuters) - The New Zealand central bank’s aggressive hiking of the cash rate likely pushed the country into a technical recession in the first quarter, a Reuters poll found, giving traction to the idea the cash rate may have peaked. This would mean the country moved into a technical recession - two consecutive quarters of negative growth - after the economy contracted by 0.6% in the fourth quarter. New Zealand's central bank last month signalled it was done tightening after raising rates by 25 basis points to the highest in more than 14-years at 5.5%, ending its most aggressive hiking cycle since 1999. Yet a handful of economists think the boost to the economy from historically high migration and the return of tourism might force the central bank to do more. He said he expects the next cash rate move to be a cut.

Persons: ”, Jarrod Kerr, Cyclone Gabrielle, Brad Olsen, Lucy Craymer, Lincoln Organizations: Gross, Reserve Bank of New, “, Treasury, Reserve Bank, Zealand, Thomson Locations: Zealand, Auckland

☆ Dollar eases after jump in U.S. jobless claims; Fed in focus
▼ + stars: | 2023-06-09 | by ( ) www.cnbc.com time to read: +2 min

An employee deals with U.S. one-hundred dollar banknotes at a bank on June 16, 2022 in Hai an, Nantong City, Jiangsu Province of China. The dollar retreated on Friday, dragged down by lower U.S. Treasury yields after a spike in weekly jobless claims raised hopes that a peak in U.S. interest rates was near, as the focus turned to the upcoming week packed with central bank meetings. Against the Japanese yen , the greenback dipped to a one-week low of 138.765, tracking a slide in U.S. Treasury yields. The benchmark 10-year Treasury yield last stood at 3.7317%, after falling 7 basis points on Thursday. So that'll show up in payrolls numbers and jobless claims and these sorts of numbers," said Jarrod Kerr, chief economist at Kiwibank.

Persons: Jarrod Kerr, Tayyip Erdogan, Hafize Gaye Erkan, Mohammed Elmi Organizations: U.S, Treasury, Federated Hermes Locations: Hai, Nantong City, Jiangsu Province, China, Asia, U.S, Kiwibank, United States

☆ Dollar retreats on jump in US jobless claims; eyes on Fed
▼ + stars: | 2023-06-09 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The two-year yield , which typically moves in step with interest rate expectations, steadied at 4.5210%. So that'll show up in payrolls numbers and jobless claims and these sorts of numbers," said Jarrod Kerr, chief economist at Kiwibank. The Fed takes centre stage, with money markets leaning toward a pause, though have priced in a 25% chance that the U.S. central bank delivers a 25bp rate hike. "A slowing U.S. economy gives the Fed room to pause after 500bp of consecutive interest rate rises," said Guillermo Felices, global investment strategist at PGIM Fixed Income. The Canadian dollar last bought C$1.3365, not far from its one-month high of C$1.3321 hit on Wednesday, while the Aussie similarly stood near a roughly one-month peak at $0.6711.

Persons: Jarrod Kerr, Guillermo Felices, Thursday's, Rae Wee, Sam Holmes Organizations: U.S, Treasury, Federal Reserve, European Central Bank, Bank of Japan, Fed, Reuters, ECB, Canadian, Thomson Locations: SINGAPORE, Asia, U.S, Kiwibank

☆ West Ham ends 43-year wait for major trophy but condemns fan trouble during final
▼ + stars: | 2023-06-08 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —West Ham ended its 43-year wait for a major trophy after beating Fiorentina 2-1 in the Europa Conference League final on Wednesday. It was knocked out of the Europa League semifinals last year but managed to reward its passionate fanbase with a memorable performance on Wednesday. West Ham captain Declan Rice was leading the celebrations after lifting the trophy, amid speculation around his future at the club. “There is interest from other club that’s out there but I have two years left at West Ham. “There hasn’t been anything yet, my focus is playing for West Ham, enjoying tonight and seeing what happens.”

Persons: Jarrod Bowen, West, David Moyes, “ I’ve, we’ve, ”, West Ham, Saïd Benrahma’s, Giacomo Bonaventura’s, Bowen, Lucas Paquetá’s, I’m, ” Cristiano Biraghi, Jonathan Moscrop, Cristiano Biraghi, West Ham United unreservedly, Declan Rice, ” Rice Organizations: CNN, Fiorentina, Europa Conference League, Premier League, Fortuna Arena, Europa League, West Ham, West Ham United, UEFA Europa Conference League, Reuters, London, UEFA, BT Sport, West Locations: Ham, Prague, “, West, Europe, West Ham, England

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