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☆ One of Mt. Everest's deadliest passages is growing even more treacherous
▼ + stars: | 2024-05-04 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

A 1.6-mile stretch of slowly cascading ice just above Base Camp called the Khumbu Icefall. The Khumbu Icefall looks like a frozen waterfall. They're called the Icefall Doctors, and this year, they delayed Everest's climbing season by 12 days due to unsafe conditions on the Khumbu Icefall. Between 1953 and 2019, 45 people lost their lives on the Khumbu Icefall. Everset's history, 15 of the 18 total deaths were caused by acute mountain sickness, falls, and disappearances.

Persons: They're, Paul Mayewski, Mount, climatologist, Olaf Rieck, Alan Arnette, Mayewski, Jason Maehl, there's, Arnette Organizations: Service, Business, Mount Everest, University of Maine, Wikimedia, Everest, AMS Locations: Everest, Everest's, Mt

☆ Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
▼ + stars: | 2024-04-25 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Economists polled by Dow Jones forecast GDP growth would come in at 2.4%. Tech tumbleThe lackluster GDP added further pressure to an already-tense market contending with concerns over a pullback in growth among technology earnings. "This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting," wrote Chris Zaccarelli, investment chief at Independent Advisor Alliance. Investors are hoping the PCE report, which is the Fed's preferred measure of inflation, will show an improvement in pricing pressures after the March consumer inflation report came in hotter than expected. — Brian Evans8:58 a.m.: 10-year Treasury yield jumps to highest level since NovemberThe 10-year Treasury yield broke above 4.7% following the GDP report, hitting its highest level since November.

Persons: Johannes Eisele, Dow Jones, Chris Larkin, Morgan Stanley, Meta, Thierry Wizman, UnitedHealth, Alex Harring, Mark Zuckerberg's, Hakyung Kim, Fred Imbert, Chris Zaccarelli, Sarah Min, — Brian Evans, — Jesse Pound Organizations: New York Stock Exchange, AFP, Getty, Dow Jones, Caterpillar, IBM, Nasdaq, Dow, Federal Reserve, Federal, Traders, Meta, Business Machines, FX, Macquarie, Microsoft, Amazon, Merck, York Stock Exchange, Independent, Alliance, Investors, Treasury, Gross

☆ Trump is struggling to stay awake at his first criminal trial. It's going to be a long 6 weeks.
▼ + stars: | 2024-04-16 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

Donald Trump appears to be struggling to stay awake at his criminal trial. For the 2nd day, he's repeatedly closed his eyes for minutes at a time before jolting to attention. In Manhattan's criminal trial court, reporters aren't seated close enough to Donald Trump to hear if he's snoring. On Tuesday morning, Trump closed his eyes for more than a minute at a time on at least a half-dozen occasions. AdvertisementIf Trump finds criminal court proceedings a good time to nap, he will likely have more opportunities to catch some Zs in the near future.

Persons: Donald Trump, he's, —, recedes, aren't, Stormy Daniels, Trump, Todd Blanche, Maggie Haberman Organizations: Service, Prosecutors, New York Times, CNN, Trump, Mar Locations: Manhattan, Georgia, Washington, Florida

☆ The US Army has its eyes on the Arctic and is readying soldiers for the cold, unforgiving wastes that could be their next battlefield
▼ + stars: | 2024-03-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

AdvertisementThe two-week JPMRC Alaska training exercise involved over 8,000 troops from the 11th Airborne Division, as well as international allies and partners. Brandon VasquezBack in 2021, the US Army released its new strategy on regaining Arctic dominance, leading to the reorganization of its Alaskan forces and priorities. AdvertisementAll Arctic nations are keeping an eye on what could be seen as increased access to energy, minerals, and resources in the Arctic. AdvertisementU.S. Army Soldiers assigned to the 11th Airborne Division patrol on snow machines during the Joint Pacific Multinational Readiness Center 24-02 exercise at Donnelly Training Area, Alaska, Feb. 17, 2024. For that reason, the Army appears to be encouraging its Arctic soldiers to be creative and able to adapt to whatever conditions or situations they might encounter.

Persons: —, Col, Sean Lucas, JPMRC, Brandon Vasquez, Spc.Wyatt Moore, Abreanna Goodrich, China —, I've, Zachary Burns, Sammantha Ohm, Joseph Gaskin Organizations: US, Army, Service, US Army Pacific's, Pacific Multinational Readiness Center, Business, 11th Airborne Division, U.S ., 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, U.S, US Army, U.S . Army, 3rd Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, 11th Airborne, Donnelly Training, Public Affairs Detachment, National Intelligence, Spc, Department of Defense, Army Spc, 5th Squadron, 1st Calvary Regiment, Delta Co Locations: Russia, China, Fairbanks , Alaska, Alaska, Hawaii, U.S, Utqiagvik, Soviet Union, Canada, Denmark, Russian, JPMRC

Among registered voters nationwide, 26 percent believe the economy is good or excellent, according to polling in late February by The New York Times and Siena College. The movement occurred disproportionately among older Democrats, a constituency already likely to vote for Mr. Biden. And the share of voters saying they approve of the job Mr. Biden is doing in office has actually fallen, to 36 percent in the latest poll, from 39 percent in July. Inflation has pervaded economic sentiment since mid-2022, confronting voters daily with the price of everything from eggs to car insurance. Nearly two-thirds of registered voters in the Times/Siena poll rated the price of food and consumer goods as poor.

Persons: Biden doesn’t, Mr, Biden Organizations: The New York Times, Siena College, Times Locations: Siena

☆ Opinion | Israel Is More Fortress Than Home Right Now
▼ + stars: | 2024-03-01 | by ( David Grossman | ) www.nytimes.com time to read: +1 min

Again and again, we Israelis tell ourselves what has become part of the formative story of our identity and our destiny. How for several hours Hamas terrorists invaded the homes of Israelis, murdered some 1,200 people, raped and kidnapped, looted and burned. I have talked with Jewish people living outside of Israel who have said that their physical — and spiritual — existence felt vulnerable during those hours. Some were even surprised by the magnitude to which they needed Israel to exist both as an idea and as a concrete fact. “Uninvolved,” as Israel calls them in conflictese, the language with which nations at war deceive themselves so as not to face the repercussions of their acts.

Persons: Israel Organizations: Israel Defense Forces, Gaza Ministry of Health Locations: Israel, Gaza, conflictese

☆ BHP half-year profit beats expectations, inflation impact recedes
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: +2 min

In this photo illustration, BHP logo of a multinational mining, metals and petroleum company is seen displayed on a smartphone in front of BHP Billiton logo. BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by strong iron ore prices, and said inflationary impacts were receding. BHP said underlying profit attributable to shareholders was $6.60 billion for the six months ended Dec. 31, unchanged from the previous year, but topping an LSEG estimate of $6.42 billion. It declared an interim dividend of $0.72 per share, compared with $0.90 per share a year earlier. Shares in BHP edged down 0.3% to A$45.91 amid a sour tone in resources stocks.

Persons: BHP Organizations: BHP Billiton, BHP Group, BHP, Citi Locations: China, India

The latest COVID-19 wave in the U.S. appears to have peaked and started retreating, but concerns over a new variant are always lurking. Data indicates the latest increase in COVID-19 activity was significantly lower – and significantly less dangerous – than the COVID-19 surges the U.S. saw early in the pandemic. There are also concerns beyond just surviving a coronavirus infection, such as long COVID and the risks posed by reinfection . Meanwhile, as is always the case with COVID-19, there’s the possibility a new variant could change everything. Yet despite those changes, existing immunity from vaccines and previous infections still provides good protection,” the CDC said.

Persons: That’s, ” Maria Van Kerkhove, we're, ”, reinfection, ” Van Kerkhove, ” JN Organizations: Centers for Disease Control, World Health Organization, CDC, Washington Post Locations: U.S, –, COVID, South Africa

☆ C.D.C. Considers Ending 5-Day Isolation Period for Covid
▼ + stars: | 2024-02-13 | by ( Apoorva Mandavilli | ) www.nytimes.com time to read: +1 min

Under the proposed guidelines, Americans would no longer be advised to isolate for five days before returning to work or school. The proposal would align the C.D.C.’s advice with revised isolation recommendations in Oregon and California. The shift was reported earlier by The Washington Post, but it is still under consideration, according to two people with knowledge of the discussions. last changed its policy on isolation in late 2021, when it scaled down the recommended period to five days from 10. If adopted, the new approach would signal that Covid has taken a place alongside other routine respiratory infections.

Persons: ’ Organizations: Disease Control, The Washington Locations: Oregon, California

☆ Sonos shares rise 12% on earnings and revenue beat
▼ + stars: | 2024-02-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Patrick Spence, president and CEO of Sonos, speaks during a Bloomberg Technology Television interview in San Francisco on Feb. 11, 2019. Sonos shares rose over 12% in extended trading Tuesday after the speaker company reported fiscal 2024 first-quarter sales and earnings that exceeded Wall Street expectations. Here's how Sonos did versus consensus expectations from LSEG, formerly Refinitiv:Earnings per share: 64 cents vs. 40 cents expectedRevenue: $613 million vs. $587 million expectedSales fell 9% from the same period last year. Sonos reported $80.9 million in net income, or 64 cents per share, versus $75.2 million, or 57 cents per share, last year. "Despite the challenging environment, we are winning in the market and outperforming the competition," Sonos CEO Patrick Spence said in a statement.

Persons: Patrick Spence, Sonos, Bose, Spence Organizations: Sonos, Bloomberg Technology Television, Apple, Google Locations: San Francisco

☆ Fed Chair Powell Says Officials Need More ‘Good’ Data Before Cutting Rates
▼ + stars: | 2024-02-04 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Mr. Powell was interviewed on Thursday, after the Fed’s meeting last week but before Friday’s blockbuster jobs report. “We think we can be careful in approaching this decision just because of the strength that we’re seeing in the economy,” Mr. Powell said during the interview, based on a transcript released ahead of its airing. He added that officials would want to see a continued moderation in price increases, even after several months of milder readings. The progress on inflation “doesn’t need to be better than what we’ve seen, or even as good. It just needs to be good,” Mr. Powell said.

Persons: Jerome H, Powell, Mr Organizations: Federal Reserve

☆ Nine in 10 young Americans are considering changing jobs this year. It's another sign of growing optimism around the US economy.
▼ + stars: | 2024-01-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Over 90% of Gen Zers and millennials said they're considering leaving their jobs, per a LinkedIn survey. The increase reflects young workers' desire for higher pay — but also confidence in the labor market. But as this uncertainty recedes, many young Americans appear ready to jump back into the job market. While these desires were prevalent among all generations, young Americans had the highest expectations for a pay bump in 2024. If young workers don't receive the raises or promotions they expect, this could provide them with additional motivation to leave their employers.

Persons: Gen Zers, millennials, —, Zers, Gen Xers, Kantenga Organizations: Service, LinkedIn, Censuswide, Boomers, University of, Young

☆ Something in the universe is spewing surprising amounts of high-energy radiation, and astronomers don't know what or why
▼ + stars: | 2024-01-18 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

The astronomers were mapping space's background glow of gamma rays, the brightest and most energetic type of light on the electromagnetic spectrum. They were surprised to find way more gamma rays coming from one part of the sky than anywhere else. AdvertisementAn artist's concept shows the entire sky in gamma rays, with the plane of our galaxy across the middle. Magenta circles indicate the area where astronomers found more high-energy gamma rays than average. Some unknown object or process out there in the universe may be producing both the gamma rays and the UHECRs.

Persons: —, Alexander Kashlinsky, NASA's, Swift, Cruz deWilde Kashlinsky, it's, Kashlinsky, Fernando Atrio, UHECRs, they're Organizations: Service, NASA, Business, University of Maryland, American Astronomical Society, NASA's Goddard Space, Fermi, Planck, ESA, University of Salamanca, JPL, Caltech Locations: New Orleans, UHECRs, Spain

The House was scheduled to vote Thursday on a GOP plan for cutting income, sales and property taxes by a total of $1.6 billion over three years. Top Republicans want to impose a single personal income tax rate of 5.25%, replacing three rates that top out at 5.7%, starting in 2025. The dispute over the single-rate or “flat” plan blocked a large tax cut in Kansas last year, when a dozen other states cut taxes, according to the conservative-leaning Tax Foundation. Her income tax proposal would increase the standard deductions that all individual filers claim. Kansas Senate President Ty Masterson, a Wichita-area Republican, said retaining an income tax with multiple rates would keep Kansas “behind the eight ball” economically.

Persons: Laura Kelly, Kelly, ”, Sen, Mike Thompson, Republican Sen, Caryn Tyson, Kelly's, Sam Brownback, “ Kansans, ” Kelly, Brianna Johnson, Neva Butkus, Butkus, Kim Reynolds, Ty Masterson, It's, Hannah Fingerhut Organizations: —, Democratic, GOP, Gov, Top Republicans, of Revenue, Tax Foundation ., Kansas City, Republican, Social, Republican Gov, Taxation, Economic, Tax Foundation, Kansas, Associated Press Locations: TOPEKA, Kan, Kansas, Tax Foundation . Kansas, Iowa, Wichita, Des Moines , Iowa

☆ Airline investors have reason to grab the barf bag
▼ + stars: | 2023-12-04 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 4 (Reuters Breakingviews) - Lately, when airlines suggest a thrilling deal, investors are left feeling queasy. Look at Alaska Air (ALK.N), whose shares cratered 15% on Monday after announcing the acquisition of struggling Hawaiian (HA.O). As happened when first Frontier (ULCC.O) and JetBlue Airways (JBLU.O) bid for Spirit Airlines (SAVE.N) in 2022, though, the buyer’s shareholders are balking. But it suggests that, by tying up, smaller airlines risk combining their woes. The deal comes as a lawsuit by the Department of Justice looking to block the merger of Spirit Airlines and JetBlue Airways heads to closing arguments on Dec. 5.

Persons: they’ll, trustbusters, nix, Pete Buttigieg doesn’t, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Alaska Air, JetBlue Airways, Spirit Airlines, Department of Transportation, of Justice, Department of Justice, Thomson Locations: Lahaina, Maui, Alaska, Hawaii

☆ Opinion: The unwelcome topic at this year’s Thanksgiving table
▼ + stars: | 2023-11-17 | by ( Opinion Joan Steinau Lester | ) edition.cnn.com time to read: +6 min

CNN —My wife and I were recently invited to Thanksgiving dinner at the home of a friend. Nearly everyone is confronted by intensely emotional conflicts, with the upheaval roiling workplaces, college campuses, schools and other places. Arguments over Israel are nothing new, but the rifts are deeper and more lacerating than I can ever remember. In one particularly painful and personal case, a dear friend and I have disagreed for decades about antisemitism and Israel. Love may find a way, if not to move mountains, at least to allow space for durable resolutions.

Persons: Joan Steinau Lester, CNN —, ” Joan Steinau Lester, Irene Young, ”, “, they’d, stiffly, “ I’m, recedes, Nelson Mandela, —, Martin Luther King, Jr, it’s Organizations: PEN, CNN Locations: Israel, Gaza, Israeli, South Africa

☆ Fed's Cook says economic risks two-sided, 'soft landing' possible
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

"I believe that a 'soft landing' is possible, with continued disinflation and a strong labor market, but it is not assured," Cook said in remarks prepared for delivery to a San Francisco Fed conference on Asian economic policy. "I see risks as two-sided, requiring us to balance the risk of not tightening enough against the risk of tightening too much." Meanwhile, Cook noted, other global central banks have also tightened policy rapidly. "But in a world of uncertainty it is hard to judge the exact size of these spillovers." Reporting by Ann Saphir; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Lisa Cook, Jonathan Ernst, Cook, bank's, there's, Ann Saphir, Paul Simao Organizations: Federal Reserve, of Governors, Capitol, REUTERS, FRANCISCO, Federal, San Francisco Fed, U.S, Thomson Locations: Washington , U.S, U.S

Hedge funds and other money managers sold the equivalent of 57 million barrels in the six most important futures and options contracts over the seven days ending on Nov. 7. Fund managers have been sellers in five of the most recent six weeks reducing their combined position by a total of 331 million barrels since Sept. 19. The combined position was reduced to just 349 million barrels (13th percentile for all weeks since 2013) from a high of 680 million barrels (64th percentile) six weeks earlier. Bearish short positions in the premier NYMEX WTI contract were boosted to 96 million barrels on Nov. 7 from just 20 million at the start of October. Related columns:- Oil prices slump as fundamentals reassert themselves (November 9, 2023)- Investors dump crude oil and distillates as Mideast risk recedes (November 6, 2023)- Crude oil sees fresh short sales as interest rates rise (October 30, 2023)- Investors dumped oil among fastest rates in last decade (October 16, 2023)- Oil investors turn cautious away from Cushing squeeze (October 2, 2023)John Kemp is a Reuters market analyst.

Persons: Henry Romero, Brent, Cushing, John Kemp, David Evans Organizations: REUTERS, OPEC, ICE, U.S, Thomson, Reuters Locations: Gulf of Mexico, Veracruz, Mexico, Saudi Arabia, Chartbook, WTI, NYMEX, Cushing, Oklahoma, Russia

☆ Australian man survives crocodile attack by biting back
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —An Australian cattle farmer has managed to survive a crocodile attack after biting the huge predator on the eyelid. Colin Deveraux told national broadcaster ABC that he was working along the Finniss River in the Northern Territory when he stopped to check a billabong, an Australian term for a pond left when a river recedes. “I took two steps and the dirty bastard (the crocodile) latched onto my right foot,” Deveraux told ABC. Deveraux recounted how he kicked the crocodile and then fell over with his head near the crocodile’s head before trying to bite it. Deveraux told ABC that the incident has made him rethink his behavior, and he now believes he shouldn’t have gone out that far into the billabong.

Persons: Colin Deveraux, “, ” Deveraux, ”, Deveraux, Doctors, shouldn’t Organizations: CNN, ABC, billabong, Royal Darwin Hospital, Australia Locations: Northern Territory, Australia

The statement gave no details of options being discussed if the Hamas militant group is ousted from Gaza as the result of an ongoing Israeli bombardment of the Palestinian enclave. Israel has so far been vague about its long-term plans for Gaza. Diplomats in Washington, the United Nations, the Middle East and beyond have also started weighing the options. The statement will present the G7's "united stance" on the Middle East situation, Japan's Chief Cabinet Secretary Hirokazu Matsuno said on Wednesday. The G7 group of wealthy, industrialised nations is made up of Britain, Canada, France, Germany, Italy, Japan and the United States, with the European Union also participating in the talks.

Persons: Josep Borrell, James, Annalena Baerbock, Antony Blinken, Yoko Kamikawa, Benjamin Netanyahu, Israel, Eli Cohen, Hirokazu Matsuno, Netanyahu, John Geddie, Sakura Murakami, Satoshi Sugiyama, Lincoln, Gerry Doyle Organizations: European Union for Foreign Affairs, German, Foreign, Group, Wall Street Journal, Union, Gaza, Diplomats, United Nations, Reuters, European Union, Thomson Locations: British, U.S, TOKYO, Gaza, Tokyo, Japan, Israel, Ukraine, China, Washington, Palestinian, United States, Britain, Canada, France, Germany, Italy

☆ S&P 500 returns tend to be measly in the 12 months leading up to a presidential election
▼ + stars: | 2023-11-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The 2024 U.S. presidential election is now only 12 months away, with the primary season set to begin Jan. 15. While every election year brings with it a unique mix of political and macroeconomic conditions, Goldman Sachs' portfolio strategy research team says equity returns tend to be weaker than average in the 12 months leading up to a presidential election. Since 1984, the average S & P 500 return on election years is only 4%, according to Goldman. When looking more broadly from 1932, the S & P 500 has averaged returns of 7% during an election year and 9% outside of election years. "Post-election returns have typically been stronger when the election resulted in a divided government than a unified government, especially in the case of a wave election," Kostin said.

Persons: Goldman Sachs, Goldman, Louis, David Kostin, Kostin, — CNBC's Michael Bloom Organizations: Louis Federal, Tech

The wave of sales has reversed much of the 398 million barrels purchased between the end of June and the middle of September. WTI SQUEEZE ENDSIn the seven days ending on October 31, selling was led by crude (-78 million barrels), especially NYMEX and ICE WTI (-62 million barrels), with a smaller contribution from Brent (-16 million). The remaining position (153 million barrels) was the lowest for 16 weeks since July 11 (128 million barrels). Crude inventories around the NYMEX delivery point at Cushing in Oklahoma depleted to just 22 million barrels at the end of September from 43 million barrels at the end of June. But most of the sales have come in European gas oil (-49 million barrels) rather than U.S. diesel (-6 million) reflecting the poor outlook for the European economy.

Persons: Angus Mordant, Cushing, John Kemp Organizations: REUTERS, U.S, ICE, diesel, Funds, U.S . Commodity Futures Trading Commission, Thomson, Reuters Locations: Loving County , Texas, U.S, North America, Europe, China, Iran, Israel, Cushing, Oklahoma, WTI, NYMEX

☆ Among New York’s Sidewalk Sideshows, 2 Goats and a Story of Despair
▼ + stars: | 2023-10-25 | by ( Michael Wilson | More About Michael Wilson | ) www.nytimes.com time to read: +1 min

The short, slender woman clutches two leashes in her right hand. At their ends are two goats, Marshmallow and Brownie. The three of them stand in the human jet stream of Rockefeller Center, and people stop to take pictures or pet the animals. Only in New York, they say. A young man in a tuxedo, part of a raucous wedding party, stops, grins, and asks what brought her here.

Persons: Beverly Shaw, “, ”, David Shaw Organizations: Rockefeller Center Locations: New York, Indiana

☆ Billions of Alaska snow crabs have starved to death because of ocean heat, study shows
▼ + stars: | 2023-10-19 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +5 min

CNN —Billions of snow crabs have disappeared from the ocean around Alaska in recent years, and scientists now say they know why: Warmer ocean temperatures likely caused them to starve to death. “This was a huge heat wave effect,” Aydin told CNN. “When the heat wave came through, it just created a huge amount of starvation. Climate change has triggered a rapid loss in sea ice in the Arctic region, particularly in Alaska’s Bering Sea, which in turn has amplified global warming. “2018 and 2019 were an extreme anomaly in sea ice in the Bering Sea, something that we’d never seen before,” Szuwalski said.

Persons: “, ”, Cody Szuwalski, ” Szuwalski, Szuwalski, Kerim Aydin, ” Aydin, we’d Organizations: CNN, Alaska Department of Fish, Game, National Oceanic, Atmospheric Administration, NOAA, NOAA Fisheries, Alaska Fisheries Science Center, ” Locations: Alaska, Bering

☆ Globalisation woes create new winners and losers
▼ + stars: | 2023-10-17 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Over the past seven decades, the world economy has grown 14-fold, powered by a 45-fold expansion in global trade, according to the World Trade Organization. World trade as a percentage of GDP peaked at 61% in 2008. The first is rising geopolitical tensions between the United States and China. The retrenchment is probably going to be gradual: global trade was still worth 57% of world GDP last year. For 2024, the WTO said growth in goods trade would pick up to 3.3%, virtually unchanged from its April estimate of 3.2%.

Persons: Chris Helgren, Joe Biden, Xi Jinping “, ”, Caroline Freund, Aaditya Mattoo, Alen Mulabdic, Michele Ruta, Ursula von der Leyen, it’s, Laura Alfaro, Davin Chor, Dario Perkins, GlobalData’s Perkins, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Warehouse Union, REUTERS, Reuters, World Trade Organization, Economic, Reuters Graphics Reuters, HK, Amperex Technology, European Central Bank, GlobalData, Lombard, Companies, Bureau of Labor Statistics, ECB, Thomson Locations: Vancouver , British Columbia, Canada, Netherlands, United States, China, Beijing, Washington, U.S, Taiwan, Mexico, Vietnam, People’s Republic, Latin America, Chile, Brazil, Ukraine, Geneva

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