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☆ The developing East Asia and Pacific region is 'underachieving,' World Bank economist says
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe developing East Asia and Pacific region is 'underachieving,' World Bank economist saysAaditya Mattoo, the World Bank's East Asia and Pacific chief economist, says "it is a region that is still outperforming the rest of the world, but it is underachieving relative to its own potential."

Persons: Aaditya Mattoo Organizations: World Bank Locations: East Asia, Pacific

☆ East Asia's growth is faster than the rest of the world but China headwinds weigh, World Bank says
▼ + stars: | 2024-04-01 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

As inflation continues to impact global economies, Asia-Pacific is the only region that will see real salary growth in 2023, according to ECA International. Growth in developing East Asia and Pacific is outpacing the rest of the world, but the region will likely see slower growth in 2024 amid headwinds in China and broader policy uncertainty, according to the World Bank. "It is a region that is still outperforming the rest of the world, but it is underachieving relative to its own potential," Aaditya Mattoo, East Asia and Pacific chief economist at the World Bank, told CNBC's "Street Signs Asia" on Monday. Growth in the region is expected to ease to 4.5% this year, slowing from last year's 5.1% expansion, according to the bank's East Asia and Pacific (EAP) update for 2024, which was released Monday. However, excluding China, growth in the region is predicted to reach 4.6% this year — higher than 4.4% in 2023.

Persons: CNBC's Organizations: ECA International, World Bank Locations: Asia, Pacific, East Asia, headwinds, China

☆ Detroit Lions: Historically beleaguered team is banishing demons with landmark playoff run after being known for heartbreak, unwanted records and a curse
▼ + stars: | 2024-01-27 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

CNN —Sixteen years ago, the Detroit Lions made history – but for all the wrong reasons. St. Brown catches a touchdown against Tampa Bay Buccaneers cornerback Zyon McCollum during the second half of their NFC divisional round playoff game. Campbell watches from the sideline during the second quarter of the Lions' game against the Baltimore Ravens at M&T Bank Stadium. Mitch Stringer/USA TODAY Sports/ReutersThat speech, which some mocked and others praised, came three years to the day before the Lions’ playoff victory over the Bucs. A final standJanuary 12, 1992: the last time the Detroit Lions took to the field for an NFC Championship game.

Persons: –, it’s, Ra St, Brown, Dan Campbell’s, ”, . Brown, Zyon McCollum, Lon Horwedel, Dave Birkett, Birkett, Bobby Layne ’, Layne –, Layne, Jonathan Daniel, Birkett isn’t, ’ ”, Barry Sanders, Calvin Johnson, Matthew Stafford, Charlie Sanders –, Hall, underachieving, Campbell, ‘, “, You’ve, “ It’s, we’re, Mitch Stringer, Campbell’s, Michael Jackson, George HW Bush, Darrell Green, Rich Lipski, Penei Sewell, Ifeatu Melifonwu, Aidan Hutchinson, Alim McNeill, Jahmyr Gibbs, Sam LaPorta, Brian Branch, Jared Goff, ” Birkett, they’ve, Alex Chepeska, ” Chepeska, I’d, ” Jahmyr Gibbs, Kevork Djansezian, “ I’ve Organizations: CNN, Detroit Lions, NFL, Ford, Lions, Super, San Francisco 49ers, NFC, Detroit, Tampa Bay Buccaneers, Tampa Bay, Reuters, University of Michigan, Pittsburgh Steelers, Green Bay Packers, The Packers, Hall of Fame, Anderson Economic, Baltimore Ravens, T Bank, USA, Washington Redskins, Washington Post, –, HBO, Los Angeles Chargers, SoFi, 49ers Locations: Motor, Las Vegas, St, Detroit, –, Michigan

NASHVILLE, Tenn. (AP) — The Los Angeles Angels will not trade three-time AL MVP Mike Trout, general manager Perry Minasian confirmed at MLB's winter meetings on Tuesday. “Mike Trout will not be getting traded, 100%,” Minasian told MLB.com and other outlets. Trout is under contract through 2030, and he makes $35.45 million annually with a full no-trade clause. Ohtani met with the Dodgers in the past few days, their general manager, Dave Roberts, said Tuesday. The Angels will play next year under new manager Ron Washington, who said last month that Trout and Anthony Rendon are key leaders and players for the club.

Persons: Mike Trout, Perry Minasian, Minasian, Arte Moreno's, ” Minasian, Trout, —, ” Trout, Shohei Ohtani, Ohtani, Dave Roberts, Ron Washington, Anthony Rendon, Rendon, ___ Organizations: Los Angeles Angels, Angels, Dodgers, Los Angeles Locations: Tenn, Anaheim, Los Angeles, Los

Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. Political Cartoons View All 1265 ImagesJared Goff bounced back from three picks to lead Detroit to a comeback win over Chicago last week. Jordan Love rallied the Packers to a comeback win last week over the Chargers. COWBOYS, 31-16SAN FRANCISCO at SEATTLELine: 49ers minus 7The 49ers (7-3) are healthy and back to playing at a championship caliber. VIKINGS, 24-21Last week: Straight up: 8-6.

Persons: Rob Maaddi, Jared Goff, Jordan Love, FanDuel, Kenny Pickett, Jake Browning, Joe Burrow, it’ll, Josh Allen, Geno Smith, Tua, Aaron Rodgers, Tim Boyle, Zach Wilson, Mac Jones, Bailey, Tommy DeVito, QB C.J ., DeMeco Ryans, Desmond Ridder, Derek Carr, Winston, Bryce Young, Carolina’s, Shaquille Leonard, Patrick Mahomes, They’ve, Aidan O’Connell’s, Kyler Murray, QB Dorian Thompson, Robinson, Myles Garrett, Russell Wilson, Mark Andrews, Justin Herbert can’t, Joshua Dobbs, Justin Field, ___ Organizations: AP Pro Football, Detroit Lions, Lions, Green Bay Packers, NFC, Chicago, Packers, Chargers, The Packers, Dallas, Washington, San, Seattle, LIONS, PITTSBURGH, CINCINNATI Line, Steelers, Bengals, BEST BET, STEELERS, BUFFALO, PHILADELPHIA, Eagles, Super Bowl, Kansas City, Chiefs, 49ers, Bills, WASHINGTON, DALLAS Line, Cowboys, Philadelphia, Giants . COWBOYS, FRANCISCO, SEATTLE Line, Seahawks, Rams, 49ERS, MIAMI, NEW YORK JETS Line, Dolphins, Jets, DOLPHINS, NEW YORK, Line, Patriots, Giants, PATRIOTS, JACKSONVILLE, HOUSTON Line, AFC South, Jaguars, Texans, JAGUARS, ORLEANS, ATLANTA Line, Falcons, New Orleans . FALCONS, Panthers, Titans, Tennessee, Chicago . TITANS, TAMPA BAY, Pro, Buccaneers, BUCCANEERS, LAS VEGAS, Raiders, CHIEFS, ANGELES RAMS, ARIZONA, Cardinals, RAMS, CLEVELAND, DENVER Line, Broncos, Browns, BRONCOS, LOS ANGELES CHARGERS, Ravens, underachieving Chargers, RAVENS, MINNESOTA, Vikings, Bears, Detroit, VIKINGS Locations: Minnesota, Detroit, San Francisco, Washington, New York, QB C.J . Stroud, New, CAROLINA, TENNESSEE, Chicago, TAMPA, INDIANAPOLIS, KANSAS, BALTIMORE, CHICAGO

LOS ANGELES (AP) — Jeff Tweedy is known to fans as a prolific songwriter and poignant lyricist. Perhaps ironically, that fear is in part what compelled a young Tweedy to start writing music four decades ago. But as he gears up to release his third book on Tuesday, Tweedy admits the task of writing no longer daunts him the way it once did. “I think that there was something really important about the way my generation and previous generations invested themselves in music. While the discomfort is at times distracting for him, he says the act of performing does, for brief moments, make him forget.

Persons: — Jeff Tweedy, Wilco, “ I’ve, ”, Tweedy, Judy Garland, “, he’s, ‘, “ We’ve, ” Tweedy, “ Cousin Organizations: ANGELES Locations: Chicago, Los Angeles

☆ Stocks churn with the S&P 500 sitting at the same level it was two years ago
▼ + stars: | 2023-09-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 has held on to most of its first-half gains and has made a series of higher lows since mid-August. And while 2% is the central-banker ideal, equity markets historically are comfortable with inflation under 4% or so. The equal-weight S & P 500 is about where it was last Thanksgiving and small-cap indexes have been sideways and stuck for a year-and-a-half. Kolovos has been anticipating a "long and winding road to 4800" for the S & P 500, provided it doesn't crack support near 4300 before then. .SPX YTD mountain S & P 500 YTD Such a scenario would then certainly give rise to a vexing "Now what?"

Persons: –, Ron Adler, Morgan, Wall, It's, we've, Ned Davis, Worth, John Kolovos, Kolovos Organizations: Wall, PPI, ECB, Citi, Federal Reserve, Atlanta Fed, Ned Davis Research, Dow Jones Industrial, Nvidia Locations: China, Rosh, Yom Kippur

LOS ANGELES (AP) — Juan Soto hit a tiebreaking three-run homer in the ninth inning, and the San Diego Padres rallied from an early five-run deficit for an 11-8 victory over the Los Angeles Dodgers on Monday night. Manny Machado homered twice for the Padres, who beat their playoff-bound rivals for only the third time in 11 meetings this season. The victory was a rare moment of satisfaction for the underachieving Padres, who eliminated the Dodgers from last year's playoffs before regressing this season. Max Muncy also hit his 35th homer, but Los Angeles’ patchwork pitching staff squandered a 7-2 lead. Dodgers: RHP Wander Suero went on the 15-day injured list with lower back tightness, clearing a roster spot for Stone.

Persons: — Juan Soto, Manny Machado, Josh Hader, Chris Taylor, I've, Bob Melvin, “, ”, Machado, Soto's, Xander Bogaerts, ” Machado, ” Mookie Betts, burnishing, Max Muncy, Hader, J.D, Martinez, Kiké Hernandez, Taylor, Robert Suárez, Trent Grisham, James Outman, Outman, Dave Roberts, Roberts, ” Roberts, It's, ” Fernando Tatis Jr, Evan Phillips, Soto, ” Soto, We're, Gavin Stone, Julio Urías, Tony Gonsolin's Tommy John, Stone, ” Pedro Avila, Betts, Brady Anderson, Alfonso Soriano, George Springer, Soriano, Tim Hill, Nick Hernandez, Hill, . Machado, Wander Suero, Lance Lynn, Michael Wacha, ___ Organizations: ANGELES, San Diego Padres, Los Angeles Dodgers, Padres, underachieving Padres, Dodgers, ” Padres, The Dodgers, Diego's, Los, Washington, Stone, Miami Locations: Diego, Angeles, Los Angeles

☆ Many are declaring the bear over, but a new bull market is more a process than a single moment
▼ + stars: | 2023-06-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The review is merely to note that the beginning of a potential bull market is a process, not a moment, occurring as the weight of the evidence gradually shifts in favor of the optimists. A new bull market, even if in place, doesn't always mean a timely sprint to hefty further gains. In a bear market, that's toppy; while in a bull market backdrop, such a level of optimism is fairly routine. In a bear market, 14 is "too low," In a bull market, it's middling. The S & P 500 has built a cushion with which to absorb routine pullbacks without jeopardizing the broader trend.

Persons: JFK, didn't, –, doesn't, Stephen Suttmeier, Bull headwinds, I've, they've, there's Organizations: Bank of America, Investment Group, Lehman, Investment, American Association of Locations: New York, –

☆ Toronto face high-stakes uphill climb in Stanley Cup playoffs
▼ + stars: | 2023-05-08 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

"Obviously it feels a lot more like what we've been through in the past," Maple Leafs head coach Sheldon Keefe said on a video call with reporters on Monday. The Maple Leafs' win over Tampa Bay in the first round had convinced many that the team, a talented but long-underachieving group, would finally deliver the franchise its first Stanley Cup since 1967. "Our job is to win one hockey game and not get focused or bogged down by anything beyond that," said Keefe. "We can't control the big picture, we can only control one game and give us an opportunity to bring the series back to Toronto (for Game Five)." Reporting by Frank Pingue in Toronto Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Panthers beat Maple Leafs to grab commanding 2-0 series lead
▼ + stars: | 2023-05-05 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

Mandatory Credit: John E. Sokolowski-USA TODAY SportsTORONTO, May 4 (Reuters) - The Toronto Maple Leafs were considered Stanley Cup favourites when the second round began but now have their backs to the wall and are staring at a 2-0 series deficit following a 3-2 loss to the Florida Panthers on Thursday. The Maple Leafs, who will play the next two games on the road, now face an uphill climb as NHL teams that have won the first two games of a best-of-seven playoff series have advanced 86% of the time. To be down 2-0 is not what we want but it's a long series and there's lot of hockey left," said Toronto forward Ryan O'Reilly. "We knew they were going to come out with a big push and they came out good," said Panthers forward Sam Bennett. But the Panthers roared back from a 3-1 series deficit to eliminate Boston and are now surprisingly in complete control while the Maple Leafs are reeling.

☆ Maple Leafs oust Lightning for first playoff series win since 2004
▼ + stars: | 2023-04-30 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

"Obviously it's a bit of a monkey off our back and we still got plenty of work to do but this one obviously feels really great," said Maple Leafs forward Auston Matthews. Toronto's last postseason series win came long before the arrival of gifted goal scorer Matthews (2016), explosive winger Mitch Marner (2016) and durable captain Tavares (2018). And for once the Maple Leafs, who had gone 0-11 in series-clinching games since they last advanced, gave their eternally optimistic fan base a reason to celebrate. The Tavares goal less than five minutes into overtime allowed the entire Maple Leafs organization and their fan base to breathe a collective sigh of relief. The Maple Leafs will next face the winner of Sunday's game between the top-seeded Boston Bruins and Florida Panthers.

☆ The Maple Leafs, Better Late Than Never, Finally Win a Playoff Round
▼ + stars: | 2023-04-30 | by ( Shawna Richer | ) www.nytimes.com time to read: +1 min

arena that is home to the Maple Leafs was jammed and jumping like a mosh pit on a damp, cold — even for Canadian springtime — Saturday night. Far south in Tampa, Fla., center John Tavares scored in overtime against the Lightning to end an excruciating stretch of playoff futility for the Maple Leafs. Back in Toronto, near and far from the outdoor crowd watching the game on a ginormous screen, car horns bleated across this longtime playoff wasteland. The mob, some members of it screaming, some crying, some setting off fireworks, some suddenly shirtless, throbbed like a nightclub throng. A few dramatic celebrators climbed lamp posts, hanging by one hand and filming the scenes with the other.

☆ Suns acquire Kevin Durant from Nets, say media reports
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +3 min

The Suns add Durant to an underachieving squad that sits at 30-26, tied for fourth place in the Western Conference. The NBA trade deadline is Thursday. In 39 games this season, Durant is averaging 29.7 points, 6.7 rebounds and 5.3 assists. He averaged 9.5 points and 2.8 rebounds for Brooklyn, well below his career norms of 15.1 points and four rebounds. As he heads to the eighth team in his NBA career, he has averages of 9.6 points and 4.3 rebounds.

☆ Read the memo Compass CEO Robert Reffkin sent his leadership team, telling them to crack down on 'managing out poor performers' and quiet quitters
▼ + stars: | 2022-12-09 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +4 min

Compass CEO Robert Reffkin sent a memo to managers Sunday telling them to target poor performers. In the December 4 email, which has the subject line "managing out poor performers," Reffkin said to identify underachieving employees and to "move them out." "If you see evidence that someone doesn't want to stay at Compass and help us weather this storm, say something," Reffkin wrote. Compass needs you to know your employees and their work habits and results. I hold myself and my leadership team to this same standard.

☆ An uphill battle could await activist Trian as the firm snaps up a stake in Disney
▼ + stars: | 2022-12-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Trian calls itself a "constructivist," implying a more friendly activist investor. Trian, like most activist investors, intends to be friendly and always starts off that way, and then it is up to the company to respond. The firm is an activist investor, plain and simple. On Nov. 21, The Wall Street Journal reported that Trian Fund Management took an approximately $800 million stake in Disney. In this situation, Trian seems to be looking for a board seat and is urging Disney to make operational improvements and reduce costs.

☆ Kyrgios settles legal case with Wimbledon fan he accused of being drunk
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

Nov 5 (Reuters) - Nick Kyrgios has apologised to a fan he accused of being "drunk out of her mind" during his loss in this year's Wimbledon final and donated 20,000 pounds ($22,750) to a charity of her choice following a legal case. Kyrgios, well known for his outbursts, complained to the umpire during his match against Novak Djokovic in July, saying that the fan had been talking to him during points. Asked by the umpire to identify the fan, Kyrgios said: "The one with the dress, the one who looks like she's had about 700 drinks, bro!" "I told the umpire that a fan, who I now know to be Anna Palus, was distracting me during the match, believing that she was drunk," Kyrgios said in the statement. "To make amends, I have donated 20,000 pounds to the Great Ormond Street Hospital Charity, a charity chosen by Ms Palus.

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