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Social Security recipients can expect next year's annual cost-of-living adjustment (COLA) to be the lowest since 2021, following cooler inflation readings in July and August. The Social Security Administration is expected to announce the official cost-of-living adjustment for 2025 on Oct. 10. Much of the political debate about Social Security remains focused on reforming — and ultimately paring back — the entire program. But earlier this year, Democratic Sen. Bob Casey of Pennsylvania introduced the Boosting Benefits and COLAs for Seniors Act, designed to increase Social Security benefits at a rate "that actually reflects the costs seniors face." "The Boosting Benefits and COLAs for Seniors Act would help seniors contend with rising costs and ensure that Social Security remains a lifeline for all who need it.”
Persons: ” Mary Johnson, Johnson, Democratic Sen, Bob Casey of, ” Casey, Organizations: of Labor Statistics, Social, Senior Citizens League, Social Security, Medicare, Trustees, Social Security Administration, League, Democratic, Seniors, Bureau of Labor Statistics, , Social Security, Security Locations: Bob Casey of Pennsylvania, Pennsylvania
Read previewEurope has pledged to wean itself from Russian natural gas following Moscow's invasion of Ukraine, but it's still buying the fuel. Europe's monthly imports of Russian liquefied natural gas — the supercooled version of natural gas that can be transported on ships — have been holding relatively steady, in the 850,000 to 1.6 million metric ton range, since the invasion of Ukraine, per Bloomberg records. This continued import of Russian fuel shows the complications of cutting off Russian gas completely in the global energy market. AdvertisementBefore the invasion, Europe imported over 40% of its natural gas from Russia — its single largest supplier and a major energy producer — mainly via pipelines. At the end of January, Europe imported 5.2 million tons of LNG from the US and just 1.5 million tons from Russia.
Persons: , Masanori Odaka Organizations: Service, Bloomberg, Business, Brookings, Reuters Locations: wean, Ukraine, Europe, Russia, Asia, North Asia, Japan
Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it's led McDonald's to trim breakfast hours by 90 minutes, also pushing supermarkets to restrict purchases to two cartons per consumer. Citing "industry challenges," McDonald's on Tuesday announced that it was temporarily serving breakfast until 10.30am instead of midday across Australia. The government added that it is currently responding to outbreaks of the H7 high pathogenicity avian influenza (HPAI) at 11 poultry farms. The Food Standards Australia New Zealand (FSANZ) noted that there is currently no evidence that people can contact the virus through "properly prepared" food. "Avian influenza (bird flu) is not a food safety concern and it is safe to eat properly handled and cooked chicken meat, eggs and egg products," the organization added.
Persons: it's, Murray Watt, McDonald's, Rowan McMonnies, there's, McMonnies Organizations: U.S, Australia Facebook, Coles, Woolworths, Food Standards, Food Standards Australia New Zealand Locations: Australia, Food Standards Australia
As fast-fashion giant Shein prepares for an IPO in the U.S., a new report suggests that workers at some of its suppliers are still clocking 75 hour weeks, despite assurances the company would tighten its labor standards. Following negative press in the wake of the previous report, Shein promised to improve its standards. However, a new survey by Public Eye, which polled 13 workers across six suppliers in China, has found little progress. "I work every day from 8 in the morning to 10.30 at night and take one day off each month. I can't afford any more days off because it costs too much," Public Eye cited one worker as saying.
Persons: Shein Organizations: Public, CNBC Locations: Guangzhou, China's, Guangdong, U.S, Swiss, China
“The 75-hour weeks that we found out about two years ago still seem to be common at Shein,” the Swiss organization said. Public Eye interviewed 13 textile workers employed at six factories in Guangzhou, a region in southern China, last summer. Shein does not reveal the identity of its suppliers, Public Eye said in its report. The group said it established that the factories were Shein suppliers through interviewees’ responses as well as the presence of Shein products. I can’t afford any more days off because it costs too much,” Public Eye cited one worker as saying.
Persons: London CNN —, Shein, , , ” Shein Organizations: London CNN, Workers, Public, Public Eye, Wage, CNN Locations: Swiss, Guangzhou, China,
Read previewJodie Foster recently called Gen Z "annoying" in the workplace, causing a stir on social media. Gen Z has gained a bad reputation as workersSome X users came to the defense of Gen Z, saying their young colleagues are very productive. But many agreed with Foster's comments about the generation, arguing the Gen Z workers they know lack work ethic and discipline, yet expect a lot. Gen Z has long been depicted as lazy and ill-equipped to do their jobs. In referring to Gen Z as "annoying" in the workplace, Foster has aligned herself with the many critics of the generation in the workforce.
Persons: , Jodie Foster, I'm, Gen Z, Zers, Z, Gen, Brielle, Stone, Gen Zers, they've, Zoe Wynns, Wynns, doesn't, Zer, Andra Berghoff, Foster Organizations: Service, Guardian, Business
The highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74. The state with the biggest jump in its minimum wage this year will be Hawaii, which is hiking it by $2. The push to raise it has gone on for years because minimum wage workers stuck at $7.25 have lost substantial buying power. But advocates for a higher minimum wage, including Holly Sklar, CEO of Business for a Fair Minimum Wage, would rather see it adjusted for inflation from where it was in 1968. “People replace tires they couldn’t replace or get their kids clothes.”For businesses, she said, consumer spending goes up because minimum wage workers will spend their additional earnings quickly.
Persons: Jana Bjorklund, won’t, Holly Sklar, Sklar, , ” Sklar Organizations: New York CNN, District, Columbia, New York State, Seattle, Uber, Business, , Washington, of Columbia Locations: New York, Maryland , New Jersey, New, New York City, Westchester, Long, Washington, California, Hawaii, Nevada, Oregon, Cities, Tukwila , Washington, Seattle, GovDocs, Flagstaff , Arizona, View , California, Denver , Colorado, Portland , Maine, Pennsylvania, New Hampshire , Alabama, Mississippi, Pike County, Alaska, Arizona, Colorado, Connecticut, Delaware, Florida, Maine, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, New Jersey, York, Ohio, Rhode, Dakota, Vermont
Now is a good time to buy gold stocks, according to Morgan Stanley. Notably, gold stocks underperformed gold prices by about 20% in the last three months, the investment bank's analysts, led by Sandeep Peety, wrote in a Nov. 2 note. Morgan Stanley named several stocks to play the "golden opportunity." 'Preferred play' Morgan Stanley named Endeavour Mining , a London-headquartered multinational mining company, as its "preferred play." Other overweight-rated stocks Other gold mining companies that the investment bank gave an overweight rating include Australia's Evolution Mining and Regis Resources and China's Zijin Mining Group .
Persons: Morgan Stanley, Sandeep Peety, — CNBC's Michael Bloom Organizations: Endeavour Mining, Regis Resources, Zijin Mining, Mining, Compania De Locations: Israel, London, EDV, Ivory, Massawa, Senegal, Compania De Minas Buenaventura
SANTIAGO, Oct 31 (Reuters) - Chileans celebrated one of their biggest nights of the Pan American Games on Tuesday with Santiago Adolfo Ford claiming decathlon gold and the women's soccer team winning a 2-1 thriller over the U.S. to reach the final. The judo competition closed with Cuba beating Brazil to win the mixed team title and the great Idalys Ortiz adding another gold to her glittering resume. It was the perfect Pan Am Games goodbye for the 34-year-old four-times Olympic medallist, who has announced she will retire after next year's Paris Summer Games. Fencing was an all-American battle on Tuesday with Tokyo Olympic bronze medallist Nick Itkin and Magda Skarbonkiewicz taking gold. The U.S. continues to top the medal table with 76 gold while it closes in on 200 total medals with 178.
Persons: SANTIAGO, Santiago Adolfo Ford, Ford, Jose Fernando Ferreira, Ryan Talbot, Damian Warner, Karen Araya, Yanara Aedo, Dominican Republic's Jose Alnardo Gonzalez, Caridad Garcia, Kasey Knevelbaard, Canada's Charles Philibert, Thiboutot, Colombia's Arnovis, Jesus Dalmero, Idalys Ortiz, Ortiz, Driulis Gonzalez, Nick Itkin, Magda Skarbonkiewicz, romped, Miles Chamley Watson, Maia Chamberlain, Amy Wang, Rachel Sung, Brazil's Giulia, Bruna Takahashi, Jorge Campos, Andy Diez, Brazil's Hugo Calerano, Vitor Ishiy, Steve Keating, Robert Birsel Organizations: Pan American Games, Ford, Canada's Tokyo, Pan Ams, Vina del Mar, Estadio Sausalito, U.S, Cuba, Pan, Tokyo Olympic, Brazil's, Thomson Locations: Toronto, Lima, Vina del, Chile, Mexico, Dominican, U.S, Brazil, Cuba, Canada, Venezuela, Cuban, Santiago
While there has been a lack of quality and depth across many of the sports in Santiago, it was never more glaring than at the first day of athletics. The Pan American region has for decades produced some of the world's greatest sprinters, including Usain Bolt. Brazil's Izabela Rodrigues claimed the first gold of the athletics competition winning the women's discus while the women's long jump title went to Colombia's Natalia Linares. Chile's Lucas Nervi delighted a small but supportive opening day home crowd, taking top spot on the podium in the men's discus. "I feel happy, for the medal for my country, which is the most important thing, along with qualification," said Mesinas.
Persons: Jamaica's Shelly, Ann Fraser, Pryce, Bernadett Szabo, Carl Lewis, Gail Devers, Don Quarrie, Ann Fraser Pryce, Felipe Bardi, Erik Barbosa, Dominican Republic's Jose Gonzalez, Usain, Noah Lyles, Brazil's Izabela Rodrigues, Colombia's Natalia Linares, Chile's Lucas Nervi, Peru's Luz Mery Rojas, Tatiana Weston Webb, Sanoa Dempfle, Olin, Peru's, Peru's Lucca Mesinas, Venezuela's Francisco, Mesinas, Weston Webb, Canada's Dylan, Chile's Pablo Nunez, Lee Kiefer, Canada's Grace Harvey, Daniela Fonseca, Jorge Campos, Brazil's Bruna Takahashi, Vitor Ishiy, Steve Keating, Miral Organizations: Athletics Centre, Rights, Athletics, Pan American Games, Pan, Games, Colombian Ronal Longa, Tuesday's, Pan Ams, U.S, Peru's Lucca, Paris, United States, Thomson Locations: Budapest, Hungary, Santiago, Shelly, Colombian, Dominican, Dominican Republic, Peru, United States, Brazil, Canada
(Reuters) - Sherwin-Williams raised its annual profit forecast on Tuesday after reporting better-than-expected quarterly results, as price hikes helped offset lower sales volumes across its businesses, sending its shares up 2% in premarket trading. Paints and coatings makers have been able to offset the impact of slower-than-expected recovery of key end markets by raising prices of their products. Chemical makers had flagged a potential blow in the second half of the year from a slower-than-expected recovery in China following its post-pandemic reopening and lower demand in Europe. The company raised its forecast, and now expects full-year adjusted income between $10.10 and $10.30 per share, compared to prior forecast of $9.30 to $9.70 per share. However, Morikis warned that "our fourth quarter is a seasonally smaller one, and we continue to expect choppiness by region and end market."
Persons: Sherwin, Williams, John Morikis, Morikis, Mrinalika Roy Organizations: Reuters Locations: China, Europe, Bengaluru
Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. (CNN) — Six paintings stolen from an old town hall in the small coastal town of Medemblik in north Holland have been returned via an unusual doorstep delivery to an art detective nearly 40 miles away in Amsterdam. Brand, dubbed the "Indiana Jones of the Art World," made international headlines last month after recovering a stolen work by Van Gogh. A spokeswoman for the Medemblik municipality told The Art Newspaper that the find was a surprise. “But,” he added, “I have asked for a book voucher.”Read more stories from The Art Newspaper here.
Persons: Arthur Brand, Van Gogh, Holland, , , Brand, Indiana Jones, ” Brand, King Radboud, Prince William of Orange, Maurits of Orange, Count Jan van Nassau, Queen Wilhelmina, “ It’s, Radboud, Jeroen Broeders Organizations: The Art, CNN, Art Newspaper, France, Getty Locations: Medemblik, Holland, Amsterdam, AFP, Nuenen,
BANGKOK (AP) — Shares tumbled in Asia on Thursday following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks. Exports rose 4.3% while imports sank 16.3% in September and the trade balance swung to a surplus of 62.4 trillion yen ($410 billion). A big threat for the global economy is what oil prices will do to inflation. It rose 2.6% after reporting stronger profit than expected for the latest quarter as its revenue rose after it hiked prices. In other trading early Thursday, the dollar fell to 149.80 Japanese yen from 149.93 yen.
Persons: Australia's, Sensex, ” Yeap Jun Rong, IG, Brent, Morgan Stanley, Gold Organizations: Hamas, Nikkei, Bank of, New York Mercantile Exchange, Dow Jones Industrial, Nasdaq, Netflix, United Airlines, American Airlines, Delta Air Lines, Procter, Gamble, Treasury Department, Federal Reserve Locations: BANGKOK, Asia, Hong Kong, Tokyo, Seoul, Japan, Israel, Bank of Korea, Shanghai, Gaza, Tel Aviv, U.S
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The Labor Department report showed U.S. consumer prices rose 0.4% in September versus estimates of a 0.3% rise, according to economists polled by Reuters. Prices rose to 3.7% against estimates of 3.6% in the 12 months through September. Core CPI, which excludes volatile food and energy prices, rose 0.3% in line with estimates. Reuters GraphicsAnother set of data showed jobless claims rose 209,000 for the week ended Oct. 7, lower than an estimated 210,000 rise.
Persons: Brendan McDermid, Israel, Hogan, Riley, Susan Collins, Atlanta's Raphael Bostic, Kan, advancers, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Labor Department, Reuters, CPI, Traders, Federal, Boston, Public, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Gaza, Bengaluru
Rangers host Angels, try for another home sweep
  + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
August 16 - The Texas Rangers will try for their fifth three-game sweep at home since the All-Star break when they host the Los Angeles Angels on Wednesday night in Arlington, Texas. The Angels, meanwhile, have gone 3-11 this month to fall three games under .500 for the first time this season. Detmers (2-9, 5.27 ERA) found his rhythm in June, allowing seven runs in a five-start span, but then things went south. Overall, he's 1-2 in seven career starts against the Rangers with a 4.75 ERA. Gray is 2-0 in three career starts against the Angels with a 4.19 ERA.
Persons: Marcus Semien, Corey Seager, We're, Seager, Randal Grichuk, Phil Nevin, Reid Detmers, Nevin, that's, Detmers, Jon Gray, Gray, I've, Mitch Garver Organizations: Texas Rangers, Los Angeles Angels, Angels, Houston Astros, Rangers, San Francisco Giants, Giants, Thomson Locations: Arlington , Texas . Texas, Los Angeles, Texas, Anaheim
CNN —The director of Rome’s Colosseum has called for an end to concerts at the nearby Circus Maximus, after a performance by US rapper Travis Scott on Monday sparked fears of an earthquake. Italy’s fire service confirmed to CNN that it received “hundreds of calls” from concerned residents who feared there had been an earthquake in the Italian capital. Now, Alfonsina Russo, director of the head of the Colosseum Archeological Park, has called for an end to performances at the Circus Maximus, the ancient Roman chariot-racing and entertainment venue. “The Circus Maximus is a monument. “Rock concerts should be held in stadiums so as not to endanger public safety.”The Circus Maximus, situated at the bottom of the Palatine Hill near the Colosseum, has become a popular concert venue in recent years.
Persons: Maximus, Travis Scott, , Scott, Kanye, Alfonsina Russo, Russo, Bruce Springsteen, Scott’s Organizations: CNN Locations: Rome, Italian, Palatine, , Giza, Egypt, Houston
Aug 9 (Reuters) - Charles River Laboratories International (CRL.N) beat Wall Street estimates for second-quarter results on Wednesday, as the strong demand for contract researcher's tools and services cushioned the impact of suspended non-human primates' (NHP) shipment. The statement comes after Charles River in February suspended the shipment of NHPs from Cambodia as the Department of Justice and U.S. Fish and Wildlife Service investigated the company over smuggling of wild long-tailed macaques to the United States. The Massachusetts-based company tightened its full-year profit forecast to the range of $10.30 to $10.90 per share, compared with $9.90 to $10.90 previously expected. Excluding items, the company earned $2.69 per share in the quarter ended July 1, beating analysts' average estimate of $2.64 per share.
Persons: Charles River, Charles River's, Vaibhav Sadhamta, Shweta Agarwal Organizations: River Laboratories, Department of Justice, Fish, Wildlife Service, Thomson Locations: United States, NHPs, Cambodia, The Massachusetts
Magna logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/File PhotoAug 4 (Reuters) - Canada's Magna International (MG.TO) on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on solid demand for parts, as automakers ramp up production. Magna expects 2023 revenue between $41.90 billion and $43.50 billion, compared with its previous forecast of $40.20 billion to $41.80 billion. The company raised its adjusted annual income outlook to between $1.40 billion and $1.60 billion, from $1.30 billion to $1.50 billion forecast earlier. Its second-quarter revenue rose 17% to $10.98 billion, topping estimates of $10.30 billion.
Persons: Wolfgang Rattay, Seetarama Kotagiri, Garrett Nelson, Nathan Gomes, Pratyush Thakur, Vinay Dwivedi Organizations: Munich, REUTERS, United Auto Workers, UAW, Ford Motor, Motors, Chrysler, Detroit, Magna, Thomson Locations: Munich, Germany, Europe, North America, Bengaluru
SummaryCompanies Swedish house market tumbles as rates riseSwedes dusting down 1990s blueprint to contain crisisBanks say willing to seize collateralFRANKFURT, July 28 (Reuters) - Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. At the centre of the fallout is a $13 billion property group, SBB, which borrowed to buy public property including social housing, government offices, schools, hospitals and police stations. While property doubled in value in the five years leading up to the 1990s crash, prices have since risen five-fold. Sweden's bruising experience in the 1990s, when banks seized swathes of property underpinning loans, hardened its approach and gave it a blueprint for coping with crises. Swedbank has 1 trillion crowns ($97 billion) in mortgages and loans to tenant owner associations and a further 240 billion crowns in loans to property management companies.
Persons: Jens Henriksson, Price, Karolina Ekholm, Swedbank's, Swedbank, Carl Cederschiold, Masih Yazdi, Bo Lundgren, Lundgren, John O'Donnell, Marie, Alison Williams Organizations: SBB, Sweden's, Marie Mannes, Thomson Locations: FRANKFURT, Europe, Sweden, rocketed, Stockholm, Swedish
Sydney CNN —Four Australian defense personnel are missing in the water off the east coast of Australia after they were forced to ditch their Taipan helicopter in the sea during joint wargame drills with the United States late Friday. Speaking at a press conference in Brisbane on Saturday, Defense Minister Richard Marles said the search was ongoing for the four crew of the Australian Army helicopter. Last night, just after 10.30, an Australian Army helicopter, an MRH-90, ditched in waters close to Hamilton Island. Because there was another helicopter present, a search and rescue was able to commence immediately. A search operation involving both search and rescue aircraft and sea vessels is under way, according to the Australian Defense Ministry.
Persons: Richard Marles, ” Marles, Anthony Albanese, Antony Blinken, Defense Lloyd Austin, ” Blinken, they’ve, , Austin, it’s “, Damien Hill, Marles Organizations: Sydney CNN —, Australian Army, Australian Defense Ministry, Defense, Brisbane, Airbus Locations: Australia, United States, Brisbane, Hamilton, Queensland
Investors are awaiting Microsoft (MSFT.O), Google-owner Alphabet (GOOGL.O) and Meta Platforms (META.O) earnings this week, which will show whether their stocks justify sky-high valuations. The Nasdaq (.NDX) lagged other indexes as investors looked to non-tech stocks for bargains, lifting sectors from energy to banks. Helping the Dow (.DJI) notch its longest winning streak since February 2017, Chevron (CVX.N) gained almost 2% as the oil giant posted upbeat preliminary quarterly earnings over the weekend. Nine of the 11 major S&P 500 sectors rose, led by a gain in energy stocks (.SPNY). The S&P 500 posted 22 new 52-week highs and one new low; the Nasdaq Composite recorded 58 new highs and 97 new lows.
Persons: Barbie, Randy Frederick, You've, Carol Schleif, Toymaker Mattel, AMC's, decliners, Carolina Mandl, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, Anil D'Silva, Richard Chang Organizations: Dow, Nasdaq, Mattel, Chevron, Dow Jones, Federal Reserve, Schwab Center, Financial Research, Microsoft, Google, Investors, BMO Family Office, Reuters, AMC Entertainment, NYSE, Thomson Locations: New York, Bengaluru
London CNN —A pod of more than 50 pilot whales has died after a mass stranding on a northwestern Scottish island, according to a marine charity on the ground. Pilot whales are sociable animals, so if one becomes stranded, experts believe others from the pod will follow and also become stranded. Known to be gregarious, pilot whales have “extremely strong social and emotional bonds with one another,” Jarvis told CNN. In the UK, the largest stranding of pilot whales was in Scotland in 2011, when 77 were found stuck on the country’s northerly shores, according to Jarvis. Tasmania’s largest stranding was in 2020, when more than 450 pilot whales were found.
Persons: ” Dan Jarvis, Mairi Robertson, Carrey, BDMLR, ” Jarvis, we’ve, SMASS, We’re, Peter Evans, , Evans, Jarvis Organizations: London CNN, British, Welfare, CNN, Scottish, Sea Watch Foundation Locations: Scottish, North Tolsta, Lewis, Scotland, Tasmania, Australia
If you're already in the UK, you can watch loads of Glastonbury across the BBC on broadcast TV. How to watch Glastonbury in the UKCoverage is spread across multiple BBC channels on TV throughout the weekend. How to watch Glastonbury live stream from anywhere for freeIf you try to live stream Glastonbury via the iPlayer from abroad, you'll find you're geo-blocked due to your location. So yes, before we get into my Wicker Man story…How to live stream Glastonbury with a VPNSign up for a VPN if you don't have one. Watch live and on-demand footage.
Persons: you'll, ExpressVPN, Elton John, Michael Eavis, I've, Carley Rae Jepsen, Maisie Peters, Sparks, Fred, Raye, Jacob Collier, Rick Astley, Tom Grennan, Lewis Capaldi, Lizzo, Boy Slim, Christine, Blondie, Yusuf, Cat Stevens, Becky Hill, Elton John BBC Organizations: Glastonbury, BBC, Young, Rick Astley BBC, Blondie BBC Locations: Glastonbury, Texas, Queens
Climate change drove heat in the city to a record-breaking 48C (118F) in 2016. While traditional insurance can take months to pay, with so-called "parametric" insurance there is no need to prove losses. At annual climate talks in Egypt last year, nonprofits urged richer nations to help finance parametric insurance as a way of compensating victims of worsening weather extremes. At the moment, insurance schemes in the developing world are largely subsidized by nonprofit groups, national governments, or wealthy countries. Insurance payouts allow them to buy things like gloves to protect their hands from scorching hot metal tools, or fans to stay cool and avoid heat exhaustion.
CPI Report Today: Dow Futures Edge Down Ahead of Inflation Data
  + stars: | 2023-05-10 | by ( ) www.wsj.com   time to read: +1 min
Stock futures edged lower ahead of inflation data that will help determine whether the Federal Reserve keeps raising interest rates or pauses next month. ET, are expected to show annual consumer-price inflation stuck at 5% in April, while core inflation slowed slightly to 5.4% from 5.6%. S&P 500, Dow industrials and Nasdaq-100 futures were down 0.2% or more. Regional bank stocks slipped. Brent-crude futures fell 1.6% to $76.21 a barrel.
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