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☆ David Zervos: Blame traders living in rate cut la-la land — not the Fed — for recent market turbulence
▼ + stars: | 2024-05-08 | by ( David Zervos | Jefferies Chief Market Strategist | ) www.cnbc.com time to read: +3 min

This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.

Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity

☆ Opinion | Our Inability to Predict Inflation Is an Embarrassment to Economics
▼ + stars: | 2024-04-12 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

We were surprised when inflation rose. We were surprised when inflation fell. And we were surprised again when inflation stopped falling. The shakiness of our understanding is no small problem because inflation matters, a lot. Aside from those practical considerations: If we don’t understand inflation, then we also don’t truly understand anything else about the business cycle (if there even is one), because growth and inflation are intertwined.

Persons: —, Biden Organizations: Federal

☆ 5 things you should do if your partner is quiet-quitting your relationship
▼ + stars: | 2024-02-07 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

AdvertisementIf your partner is mysteriously distant and checked out when you're together, there's a chance they might be quiet-quitting the relationship . Just like quiet-quitting a job , quiet-quitting a partnership or marriage involves a person doing the bare minimum to coast in the relationship. But any relationship can encounter quiet-quitting if a partner doesn't want to be the bad guy by initiating the breakup . Eldemire shared advice on what you can do if you suspect your partner is quiet-quitting the relationship. Be wary of one-sidednessThroughout your conversations around quiet-quitting, Eldemire recommended paying attention to how committed your partner is to solving the problem.

Persons: —, there's, Eldemire, they've, you've Organizations: Service Locations: Fort Lauderdale , Florida, lulls

☆ Netflix has a stranglehold on its competition, but the streaming wars aren't over. Here's how Disney and Amazon could dethrone the dominant streamer.
▼ + stars: | 2024-02-05 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

"Netflix won the streaming wars in 2009 when they started streaming," said Tim Nollen, a media analyst at Macquarie. "I think it's a little bit ridiculous, to be honest," Bazinet said when asked if Netflix has won the streaming wars. AdvertisementHow Hollywood can beat Netflix at its own gameHollywood stalwarts can compete in streaming, Bazinet argued — provided the media industry first consolidates even further. The two biggest threats right now are Disney — which has about 220 million subscribers across Disney+, Hulu, and ESPN+ — and Amazon. Nollen said Amazon would flood the market with cheap ads and crush its competition like it did in e-commerce.

Persons: —, That's, Jason Bazinet, Tim Nollen, They've, Bazinet, overreacted, Jessica Reif Ehrlich, Reif Ehrlich, Nielsen Bazinet, Joe Bonner, Bonner, John Hodulik, Hodulik, I'm, Macquarie's, Nollen, it's Organizations: Service, Netflix, Business, Citigroup, Disney, Paramount, Macquarie, Hollywood, Bank of America, Nielsen, ESPN, Argus Research, Hulu, UBS, Amazon Locations: Hulu

☆ A no-cost options strategy to get long Tesla if this sell-off is just an emotional overreaction
▼ + stars: | 2024-01-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

I want to deploy an options strategy to use this emotional overreaction as an opportunity to add to my Tesla position. However, when coupled with the second consecutive quarter that Tesla missed earning expectations, nearly $100 billion in market cap rapidly evaporated. The trade The option strategy that I will utilize is a credit spread, better known as a risk reversal. This credit spread can be established by selling an at-the-money put and using the premium collected in writing that put option to buy an upside out-of-the-money call. DISCLOSURES: (Long Tesla, sold risk reversal) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Tesla, Elon, Musk, overreacted Organizations: Elon Locations: Tesla

☆ The judge in Trump's E. Jean Carroll trial actually showed restraint when bench-slapping his attorney, former judge says
▼ + stars: | 2024-01-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

The judge overseeing Donald Trump's second E. Jean Carroll defamation trial has repeatedly bench-slapped his lawyer. Alina Habba repeatedly made simple lawyering mistakes, disrupting the proceedings. The judge actually showed restraint handling Habba, one former judge said. And the judge actually showed restraint in his repeated scoldings of Habba, a former federal judge told Business Insider. AdvertisementJones said that by being disruptive in the court, Habba is doing exactly what Trump wants: sowing chaos.

Persons: Donald Trump's, Jean Carroll, Alina Habba, —, Lewis Kaplan, reprimanding, Kaplan barked, Habba, Trump, Carroll, Kaplan, John Jones, Jones, Kaplan's, she's Organizations: Service, Business, New, Trump, Middle District of, Dickinson College Locations: New York, Habba, Middle District, Middle District of Pennsylvania

☆ Lauren Boebert's ex-husband was arrested and charged with assault after their showdown at a restaurant
▼ + stars: | 2024-01-10 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Read previewThe former husband of Republican Colorado Rep. Lauren Boebert was arrested on Tuesday. The arrest follows reports over the weekend that suggested Lauren Boebert's ex called the police on her on Saturday, reporting an incident of domestic violence. Following this interaction, the ex-husband called the police, claiming that he was "a victim of domestic violence," the aide told The Beast. According to Boebert's aide, Lauren Boebert then called the non-emergency police number, saying there was no domestic violence. It was reported to be Jayson Boebert, not Lauren Boebert.

Persons: —, Lauren Boebert, Jayson Boebert, Boebert, Lauren Boebert's, Boebert's, Jayson Organizations: Service, Republican Colorado, Business, CBS News Colorado, CBS, Daily, Department Locations: Garfield, Colorado, Boebert

☆ People are divided over grocery-store worker who objected to a mom letting her kid eat baby food she hadn't bought yet
▼ + stars: | 2024-01-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

A mom on TikTok described a confrontation with a cashier in a grocery store in England. She said the worker didn't like that she let her son eat two packs of baby food before paying. AdvertisementA mom spoke out on TikTok after being upset by the way she was treated at a grocery store after she let her son eat baby food before she paid for it. She said the cashier was "rude" and "judgemental" when she passed her the empty pouches to scan and pay for. The cashier, Mary said, "literally gave me the most disgusted look, didn't say a word, scanned them, and threw them in the bin."

Persons: TikTok, —, Samantha Mary, Jack, I've, Mary, Mary didn't, didn't, Jack wasn't, Mary said, Jack hadn't, Bonnie Madison, doesn't, I'm, Madison, she's, It's Organizations: Service, Tesco, Business, Madison Locations: England

☆ OpenAl is building the most powerful tech in the world. The public should be told what Sam Altman lied to the board about.
▼ + stars: | 2023-11-19 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

The board accused CEO Sam Altman of not being "candid" when they fired him. AdvertisementElon Musk has multiple axes to grind when it comes to OpenAl and its cofounder Sam Altman. "He was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," OpenAl said. AdvertisementThat's an unusual charter for a tech startup or most other private companies, which usually exist to primarily make a profit and provide investors with a return. Musk has also launched a competing Al research group, so chaos at OpenAl could be relatively good for that initiative.

Persons: OpenAI, Sam Altman, —, Elon Musk, OpenAl, Altman, Musk, Toby Ord, Altman's, didn't, Ilya Sutskever, Sutskever, cofounders Organizations: Service, Oxford University, Big Tech, Bloomberg, Al, The New York Times Locations: OpenAl

☆ Philippines bans American traveler for life, accusing him of writing profanities on immigration form
▼ + stars: | 2023-11-17 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

CNN —The Philippines has banned for life an American traveler whom it accused of writing “profane words” on a digital immigration form and being rude to immigration officers. Anthony Laurence, 34, was refused entry and put on a blacklist permanently following his allegedly “disrespectful” behavior, the Philippine Bureau of Immigration Commissioner Norman Tansingco said in a statement last week. Laurence, who told CNN he is a property investor who lives in the country intermittently, disputes the immigration authority’s account. He did not respond to CNN’s questions about what he wrote on the form and whether it included any profanities. But he said, “I immediately apologized and the immigration officer wasn’t interested.”“I even hand-wrote an apology to the immigration officer which he wasn’t interested in as well,” Laurence added.

Persons: Anthony Laurence, Norman Tansingco, Laurence, ”, Tansingco, “, wasn’t, ” “, ” Laurence Organizations: CNN, Philippine Bureau of Immigration, Ninoy Aquino, Airport, Air, Cebu – Locations: Philippines, Manila, Bangkok, Thailand, Air Asia, Philippine, Cebu

☆ What we'd like to see from 3 economic readings and 2 earnings reports next week
▼ + stars: | 2023-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major averages advanced again this week as earnings results came in largely better than expected, interest rates stabilized and oil prices dropped below $80 a barrel. Looking ahead, we'll get a couple more earnings results and some key inflationary data to chew on. In this past week, we bought 150 shares of DuPont (DD) and added 75 shares of Wynn Resorts (WYNN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Wynn Resort's, WYNN, we'll, That's, —, we're, it's, PANW, Tyson, Henry Schein, Spero, Sanara, Sara Lee Corp, JD.com, Woodward, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Nasdaq, Dow Jones, Coterra Energy, Emerson, Disney, PPI, TJX, Palo Alto Networks, DuPont, Wynn Resorts, WYNN, Tyson Foods, TSN, Tower Semiconductor, Partners, Genius Sports, Spero Therapeutics, Star Bulk Carriers Corp, Beauty Health, Asure, Gladstone Capital Corp, TeraWulf Inc, Harrow Health, Afya, Sea, Paysafe Group Holdings, Solar Inc, Aramark Holdings Corp, Lending, Holding, BioXcel Therapeutics, IHS Inc, Rewalk Robotics, Acurx Pharmaceuticals, Energizer Holdings, Power Solutions, Rekor Systems, Wine Estates, Momentus Inc, SIGMA Lithium Corporation, AlTi, QuickLogic Corporation, Arcturus Therapeutics, Dada Nexus, Solutions, Target Corp, Parts, ZIM Integrated Shipping Services, Alto Networks, Cisco Systems, Chemical & Mining Co, PennantPark Investment Corp, Copa Holdings S.A, Walmart, Arcos Dorados Holdings, ARCO, NICE, Body, Warner Music Group Corp, Ross Stores, Homes, Dolby Laboratories Inc, American Software, ESCO Technologies, ZTO, International, BJ's Wholesale, Jim Cramer's Charitable, CNBC, Maxx Locations: Macau, Chile, Cayman, Pasadena , California

☆ This CEO Just Bet $1 Million on Herself
▼ + stars: | 2023-11-08 | by ( Drew Fitzgerald | Will Feuer | ) www.wsj.com time to read: 1 min

Kate Johnson is betting nearly $1 million that the investors fleeing her company are wrong. Johnson bought 1 million shares of Lumen Technologies stock last week as it dipped into penny-stock territory, costing the telecommunications company boss $970,000. The former Microsoft and General Electric executive said the purchase made sense as she felt investors overreacted to a complicated third-quarter report and restructuring plan.

Persons: Kate Johnson, Johnson, overreacted Organizations: Lumen Technologies, Microsoft, General Electric

Following Monday's trade, Jim Cramer's Charitable Trust will own 870 shares of DD, increasing its weighting to 2.15% from 1.78%. To be fair, the stock deserved to be dinged because it was a mixed quarter from the chemical and material manufacturer. While Q3 beat estimates on EBITDA (earnings before interest, taxes, depreciation, and amortization), the company lowered its full-year outlook below Street expectations, mostly to reflect some ongoing softness in consumer electronics demand and slower water demand in China. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, DuPont, underwhelmed, Ed Breen, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont, DD, Qualcomm, Devices, Protection, CNBC, New York Stock Exchange Locations: China

☆ Analysis: Israel’s allies fear it could be walking into a trap in Gaza as Hamas and its backers seek a wider conflict
▼ + stars: | 2023-10-26 | by ( Jerome Taylor | Sam Kiley | ) edition.cnn.com time to read: +11 min

The bomb-making skills of Hezbollah, the Lebanese militant group and close ally of Hamas, have metastasized across the Middle East. In Gaza, Israeli troops will know they face improvised explosive devices built with charges that can cripple a tank. Hamas does hope to establish a Palestinian state based on the teachings of Islam. There have been pro-Palestinian marches throughout the world protesting at the level of destruction visited already on Gaza by Israel. They’ll be looking to exploit Israel’s next moves in Gaza as their own “phase two” of the October 7 attacks.

Persons: Israel’s, ”, Hossein Amir, Abdollahian, Joe Biden, Saddam Hussein, Benjamin Netanyahu, Rishi Sunak, “, Emmanuel Macron, ” Atatra, –, Hassan Nasrallah, Saleh Al, Ziad Al, Tehran’s, Quds, They’ll, John Kirby, Jalaa Marey, Biden, Islam, Iraq ’, Karin von Hippel, Martin Sherman, Israel Organizations: London CNN, Hamas, American, ISIS, Iran’s, British, Islam, Israel Defense Forces, UN, Iranian Revolutionary Guards Corps Quds Brigade, US, US National Security Council, Palestinian, Getty, Israel’s, Royal United Services Institute, Israel Institute for Strategic Studies Locations: Gaza, Tehran, Israel, Hamas, Mosul, Iraqi, Lebanese, Lebanon, Beit Hanoun, Washington, Iraq, realpolitik, Palestine, Iran, Baghdad, Iranian, Yemen, Israeli, AFP, United States, State, Afghanistan

☆ The top 10 things to watch in the stock market Thursday
▼ + stars: | 2023-10-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jerome Powell's, Goldman, Morgan Stanley's Adam Jonas, we've, Morgan Stanley, Crag Jelinek, Ron Vachris, Oppenheimer, Says, downgrades, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Treasury, Netflix, Vegas, Wynn Resorts, WYNN, Disney, Entertainment, Sports, ESPN, Bloomberg, Devon Energy, Costco, Jefferies, Deutsche Bank, Starbucks, Jim Cramer's Charitable, CNBC, Reuters Locations: Macao, Singapore, Los Angeles , California

☆ Why the post-earnings Morgan Stanley sell-off is an overreaction
▼ + stars: | 2023-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Meanwhile, Club name Morgan Stanley (MS) also reported a quarterly beat , even as EPS fell 6% year-over-year, to $1.38. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, G, Morgan Stanley, It's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Israel . West Texas, Treasury, Club, Procter, Gamble, Nvidia, Citi Locations: Iran, Israel, U.S, China

☆ Is one of Russia’s oldest allies slipping from the Kremlin’s orbit?
▼ + stars: | 2023-09-17 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

“Armenia’s security architecture 99.999% was linked to Russia,” he told Italian newspaper La Repubblica earlier this month. Analysts said the effectiveness of Russia's peacekeeping presence, which began after the war in 2020, has diminished over time. “Russia failed to deliver on its promises to secure the Lachin corridor… Russia failed to deliver weapons that Armenia purchased from Russia, Russia failed to curtail Azerbaijan’s expansionist and aggressive behavior against Armenia,” said Ter-Matevosyan. But in trying to shore up its security vis-a-vis Azerbaijan, Armenia has inadvertently delivered a stinging snub to Russia. “We have to remember that Russia has a huge destructive potential in the region,” said Ter-Matevosyan, referring to Russia’s sizable military base north of Yerevan.

Persons: Vladimir Putin, Nikol Pashinyan, ”, Pashinyan, Armenia’s, Tofik Babayev, Azerbaijain, Vahram, Matevosyan, Karen Minasyan, Ter, Marie Dumoulin, Azerbaijan’s, ” Dumoulin, “, Putin, Ilham Aliyev –, He’s, Aliyev, Dumoulin, Dmitry Peskov, ’ ”, Anna Ohanyan, Ohanyan, –, Will Organizations: CNN, La Repubblica, Russian Federation, Getty, American University of Armenia, Collective Security, Organization, European Council, Foreign Relations, ICC, Politico, NATO, Stonehill College, Kremlin Locations: Armenia, Soviet, Ukraine, Rome, Russia, Azerbaijan, Italian, Russian, Nagorno, Karabakh, AFP, Turkey, Yerevan, “ Armenia, Moscow, “ Russia, Baku, Pashinyan, Massachusetts, “, Belarus, Repubblica, Western

☆ IAEA chief Grossi condemns Iran's 'unprecedented' barring of inspectors
▼ + stars: | 2023-09-16 | by ( Francois Murphy | ) www.reuters.com time to read: +3 min

FILE PHOTO-U.N. nuclear watchdog chief Rafael Grossi attends a press conference during the International Atomic Energy Agency 's (IAEA) 35-nation Board of Governors meeting in Vienna, Austria, September 11, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsVIENNA, Sept 16 (Reuters) - U.N. nuclear watchdog chief Rafael Grossi on Saturday condemned Iran's "disproportionate and unprecedented" move to bar multiple inspectors assigned to the country, hindering its oversight of Tehran's atomic activities. "These inspectors are among the most experienced agency experts with unique knowledge in enrichment technology," the agency said. "With today's decision, Iran has effectively removed about one third of the core group of the Agency's most experienced inspectors designated for Iran." Iran defended its move and accused the United States, Britain, France and Germany of politicising the IAEA watchdog.

Persons: Rafael Grossi, Leonhard Foeger, Iran's, Grossi, Tehran's, Nasser Kanaani, Francois Murphy, Arshad Mohammed, Mike Harrison, Ros Russell Organizations: International Atomic Energy Agency, Governors, REUTERS, Rights, International Atomic Energy, IAEA, Foreign Ministry, Iranian Government, Agency, U.S . State Department, Thomson Locations: Vienna, Austria, United States, Britain, France, Germany, Tehran, Iran, politicising, Iranian, Washington, Dubai

Analysts' corn yields span from 171.5 to 175 bpa, meaning all 18 analysts polled by Reuters expect a lower number than in August. Since 2004, corn yield landed outside the range of trade estimates only twice in September: 2018 and 2005. Those increases would account for less than 0.2% of each crop's total harvested area, seen at 86.4 million acres for corn and 82.8 million acres for soybeans. Final harvested corn acres have been lower than in August in eight of the last 10 years. Since the mid-1990s, the largest increase in harvested corn area from August to final was 1.1 million acres (1.3%) in 2007.

Persons: Daniel Acker, Karen Braun, Jamie Freed Organizations: REUTERS, Rights, U.S . Department of Agriculture, Reuters, USDA's Farm Service Agency, USDA, Thomson Locations: Tiskilwa , Illinois, U.S, Rights NAPERVILLE , Illinois

Surveillance cameras are seen near an iPhone advertisement at an Apple store in Beijing, China September 7, 2023. One of the sources said they had not yet been given a deadline to cease their iPhone use. Apple and China's State Council Information Office, which handles media queries on behalf of the government, did not immediately respond to requests for comment. Bloomberg on Thursday reported that China planned to broaden the ban to state firms and agencies, citing sources. China has increasingly emphasized using locally made tech products, as technology has become a major national security issue for Beijing and Washington.

Persons: Florence Lo, China's, Tesla, Tim Cook, D.A, Davidson, Tom Forte, Yuvraj Malik, Jaspreet Singh, Brenda Goh, Alexander Smith, Shounak Organizations: Apple, REUTERS, U.S ., Staff, China's, Information Office, Huawei Technologies, Observer, Wall Street Journal, Bloomberg, Citi, Canalys, Government, HK, Huawei, Thomson Locations: Beijing, China, HONG KONG, BEIJING, Washington, U.S, Hong Kong, Shanghai, Bengaluru

☆ Morgan Stanley says buy this under-the-radar Israeli fabric printing stock
▼ + stars: | 2023-08-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley thinks Wall Street overreacted to Kornit Digital's latest revenue guidance, and shares in the Israeli fabric printing company now present a favorable buying opportunity. Morgan Stanley's forecast implies more than 30% upside from Wednesday's $22.23 close. Kornit Digital shares are 6.6% higher in 2023 after climbing more than 10% early Thursday. KRNT YTD mountain Kornit Digital stock has shed 3.2% from the start of the year. But Morgan Stanley analyst Erik Woodring says the market reaction to Kornit's lower second-half revenue forecast, which he says came in 7% below consensus estimates, was too severe.

Persons: Morgan Stanley, Kornit, Morgan Stanley's, Erik Woodring, Woodring, — CNBC's Michael Bloom Organizations: Kornit, FactSet, Textile Machinery Association

☆ The oil market is very chill about the chaos in Russia. Should it be?
▼ + stars: | 2023-06-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Oil prices are, incredibly, lower today than they were before the short-lived uprising in Russia — one of the world’s most important players in the oil market. But some oil market veterans wonder if the pendulum has now swung too far in the other direction. An actual disruption to Russia’s oil flows would be a game-changer for the oil market, and perhaps the world economy. That country’s civil war shut down oil export terminals — and even though Libya’s output is much smaller than that of Russia, oil prices shot higher. For now, the oil market is betting there won’t be a repeat of the Libya unrest in Russia.

Persons: Wagner, Russia won’t, Vladimir Putin’s, Jerome Powell, Powell, Putin, ” Helima Croft, ”, Croft, Yevgeny Prigozhin, Bob McNally, George W, Bush, ” McNally, Prigozhin, “, ” Croft, Obama Organizations: New York CNN Business, CIA, RBC Capital Markets, CNN, Rapidan Energy Group, RBC, Strategic Petroleum Reserve Locations: Russia, Ukraine, Moscow, China, Libya

☆ Chinese spy balloon gathered intelligence from sensitive U.S. military sites, despite U.S. efforts to block it
▼ + stars: | 2023-04-03 | by ( Courtney Kube | Carol E. Lee | ) www.cnbc.com time to read: +4 min

The Chinese spy balloon that flew across the U.S. was able to gather intelligence from several sensitive American military sites, despite the Biden administration's efforts to block it from doing so, according to two current senior U.S. officials and one former senior administration official. The intelligence China collected was mostly from electronic signals, which can be picked up from weapons systems or include communications from base personnel, rather than images, the officials said. Officials have not said which company, department or organization the balloon belonged to, despite several requests for comment by NBC News. After the balloon was shot down in February, Biden administration officials said it was capable of collecting signals intelligence. The balloon first entered U.S. airspace over Alaska on Jan. 28, according to the Biden administration, which said it was tracking it as it moved.

Even though reading anything with certainty from such volatile prices is difficult right now, the runes of the bond market suggest unfolding banking stress will suppress inflation anyway - regardless of further central bank action. "That would be very much in line with what the central banks want." U.S. equivalents were steadier about 2.5%, but five-year "breakeven" inflation rates from the index-linked market fell to 2.3%. To be fair to central bank policymakers, their own early warning systems - such as the ECB's Composite Indicator of Systemic Stress - don't yet show any more pressure on the system than they did during last year's tightening. Armed with Thursday's trial run from the ECB, the Fed and BoE will now have to make that judgment next week.

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