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Before November, most people didn’t know the names Cole and Ella Emhoff. Cole, 26, was working at a production company in Los Angeles, living with his girlfriend. “They’re like, ‘Wait, how did you not tell me this?” he said, speaking by Zoom with his sister from their mother’s home in Los Angeles. Cole Emhoff: It’s weird to turn on CNN and see my dad. Ella Emhoff: When we went to see them for Election Day, it really hit me, like, Whoa.
Persons: Cole, Ella Emhoff, Ella, Joe Biden, Kamala Harris, , , Harris’s, , Cole Emhoff, I’m, We’re, it’s Organizations: CNN Locations: Los Angeles, New York, Bushwick,
Australia, NZ dollars pumped up by U.S. stimulus splurge
  + stars: | 2021-01-15 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +2 min
SYDNEY, Jan 15 (Reuters) - The Australian and New Zealand dollars stood firm on Friday as the promise of massive U.S. fiscal stimulus brightened the outlook for global growth and resource prices. That was a boon to growth-sensitive currencies such as the Aussie, which held at $0.7774, having stretched as far as $0.7805 overnight. It was up from a $0.7666 low early in the week, and not far from the recent high at $0.7819. Support comes in at the week low of $0.7148, while the recent peak at $0.7314 stands as a major chart barrier. Australian 10-year yields edged up to 1.09% but U.S. yields rose even more so the spread between the two moved to -3 basis points.
Persons: Jan, Joe Biden, Jerome Powell, , Maree Kilroy Organizations: SYDNEY, New, Federal, BIS Oxford, Locations: New Zealand
When the mystery show “Search Party” first aired in 2016 on TBS, it was a lighter take on a group of New York late millennials attempting to find a college friend from a missing flyer. “Search Party” thus remains relentless in its desire to deny its characters complete or happy endings. The show's writers offer millennial characters who are recognizable, endearing and aggravating, sometimes at the same time, sometimes in a single scene. It’s currently unclear whether “Search Party” will be renewed for a fifth season and in which direction it will move if it does; as with previous seasons, this one ends with a cliffhanger. But what is positioned as a season-ending cliffhanger could just as easily be a series end in and of itself.
Persons: HBO Max, , Dory Sief, Alia Shawkat, Drew, John Paul Reynolds, Sarah, Violet Bliss, Charles Rogers, Amanda Knox, Knox, Dory, Cole Escola, it’s, Meredith Hagner, Elliott, John Early, Charlie Reeny, Live’s, Chloe Fineman, millennials, Gen, Chip —, she’s, Nancy Drew ”, It’s Organizations: Party, TBS, HBO, Escola Locations: New York, Stockholm
Australia, NZ dollars hit pause awaiting clarity on Fed tapering
  + stars: | 2021-01-14 | by ( Wayne Cole | ) www.reuters.com sentiment -0.99   time to read: +2 min
That left it up from a $0.7666 low hit early in the week, but short of the recent high at $0.7819 which now marks stiff resistance. Support comes in at the week low of $0.7148, while the recent high at $0.7314 will act as a major chart barrier. Treasuries yields eased back a little overnight after more Fed officials played down the chance of a tapering in asset buying this year. Markets are now anxious to hear from Fed Chairman Jerome Powell later on Thursday, where any hint of an eventual tapering could send yields surging once more. “The risk is that unemployment falls more sharply than currently forecast by the RBA and Treasury,” said Tapas Strickland, a director of economics at NAB.
Persons: Jan, Jerome Powell, , Tapas Strickland Organizations: SYDNEY, New Zealand, Reserve Bank of Australia, Treasury, NAB Locations: Australian
A Rent the Runway Unlimited subscriptionRent the RunwayEditor's note: Rent the Runway's Unlimited plan is no longer available. In its place, you can now choose a four, eight, or 16 item plan ranging from $89-$199 per month. I now have a constantly rotating wardrobe of clothes from some of my favorite brands (Tanya Taylor, Joie, Parker, 10 Crosby by Derek Lam, Saloni, etc.) — Ellen Hoffman, executive editor"I second Ellen's feelings about Rent the Runway Unlimited! It cuts down on closet clutter and saves me a lot of money in the long run.
Persons: it's, Lauren Lyons Cole, Tanya Taylor, Joie, Parker, Crosby, Derek Lam, I'm, — Ellen Hoffman, I've, — Sally Kaplan
Under the U.S. Constitution, impeachment in the House would trigger a trial in the Senate on whether to oust the president. At least five Republicans have said they would join Democrats in supporting impeachment, although just seven days remain for a Senate trial to expel Trump from office. 2 Democrat, said Democrats intended to send the impeachment charge, once approved, to the Senate “as soon as possible,” and House Speaker Nancy Pelosi named nine impeachment managers who would present the House’s case during a Senate trial. Hoyer told reporters he expected between 10 and 20 House Republicans to vote for impeachment on Wednesday. Democrats could also use an impeachment trial to push through a vote blocking Trump from running for office again.
Persons: Donald Trump, Joshua Roberts, Trump, Mitch McConnell, Joe Biden, Chuck Schumer, McConnell, , Jim McGovern, Oklahoma Republican Tom Cole, us, ” Cole, Cole, Steny Hoyer, Nancy Pelosi, Hoyer, Jason Smith, Mike Pence, Liz Cheney, Republicans Jaime Herrera Beutler, John Katko, Adam Kinzinger, Fred Upton, impeaching Trump, Biden, Hunter, Trump’s Jan, ” Trump Organizations: WASHINGTON, U.S . House, Republican, National Guard, U.S, U.S . Capitol, REUTERS, Democratic, Capitol, Constitution, Oklahoma Republican, Republicans, . Washington, House Republicans, REPUBLICAN, Trump, New York Times, Ukraine, Georgia Locations: Washington , U.S, United States, Oklahoma, ., U.S
Under the U.S. Constitution, impeachment in the House triggers a trial in the Senate. The New York Times reported that McConnell is said to be pleased by the House impeachment push. At least five House Republicans, including Liz Cheney, a member of her party’s leadership team, said they would vote for impeachment. Hoyer told reporters he expected between 10 and 20 House Republicans to vote for impeachment on Wednesday. Democrats could also use an impeachment trial to push through a vote blocking Trump from running for office again.
Persons: Donald Trump, Joshua Roberts, Joe Biden, Trump, Jim McGovern, Mitch McConnell, Chuck Schumer, McConnell, Lisa Murkowski, Pat Toomey, Liz Cheney, , impeaching Trump, Oklahoma Republican Tom Cole, us, ” Cole, Mike Pence, Steny Hoyer, Nancy Pelosi, Hoyer, Pence, Biden, Hunter, Trump’s Jan, ” Trump Organizations: WASHINGTON, U.S . House, Republican, National Guard, U.S, U.S . Capitol, REUTERS, House, Democratic, Trump, Constitution, Senate, The New York Times, Republicans, Oklahoma Republican, . Washington, Ukraine, Georgia Locations: Washington , U.S, United States, Alaska, Pennsylvania, Oklahoma, ., U.S
Some Republicans made speeches earlier in the day urging the House not to impeach Trump in the interest in promoting national healing. The New York Times reported that McConnell is said to be pleased by the House impeachment push. At least five House Republicans, including Liz Cheney, a member of her party’s leadership team, said they would vote for impeachment. Hoyer told reporters he expected between 10 and 20 House Republicans to vote for impeachment on Wednesday. Democrats could also use an impeachment trial to push through a vote blocking Trump from running for office again.
Persons: Donald Trump, , Joe Biden, Nancy Pelosi, Pelosi, Trump, , ” Trump, Mitch McConnell, Jim Jordan, ” Jordan, Chuck Schumer, McConnell, Lisa Murkowski, Pat Toomey, Liz Cheney, impeaching Trump, Oklahoma Republican Tom Cole, Cole, Jim McGovern, Mike Pence, Steny Hoyer, Hoyer, Pence, Biden, Hunter, Trump’s Jan, you’re Organizations: WASHINGTON, U.S . House, Republican, House, Democratic, Trump, U.S, Capitol, National Guard, Constitution, Senate, The New York Times, Republicans, America’s, Oklahoma Republican, . Washington, Ukraine, Georgia Locations: United States, Alaska, Pennsylvania, Oklahoma, ., U.S
The House debated a single article of impeachment formally charging Trump with inciting insurrection. Under the U.S. Constitution, impeachment in the House triggers a trial in the Senate. At least five House Republicans, including Liz Cheney, a member of her party’s leadership team, said they would vote for impeachment. “If you don’t fight like hell, you’re not going to have a country anymore,” Trump told his supporters. Democrats could also use an impeachment trial to push through a vote blocking Trump from running for office again.
Persons: Donald Trump, Mitch McConnell, McConnell, Chuck Schumer, Joe Biden’s, Nancy Pelosi, , Trump’s, Pelosi, Trump, , Bill Clinton, Andrew Johnson, Biden, Jim Jordan, ” Jordan, Mike Pence, Lisa Murkowski, Pat Toomey, Liz Cheney, impeaching Trump, Oklahoma Republican Tom Cole, Cole, Jim McGovern, Hunter, Trump’s Jan, you’re, ” Trump Organizations: WASHINGTON, Republican, Democratic, Senate, Trump, Twitter, Washington Post, U.S, Capitol, ” Reuters, Republican Senate, National Guard, Constitution, America’s, Republicans, Oklahoma Republican, Ukraine, Georgia Locations: United States, Alaska, Pennsylvania, Oklahoma
If the House approves it, Trump would become the first president impeached twice. House impeachment of Trump would not immediately remove him from office but would set up a trial in the Republican-controlled Senate. It remained unclear whether such a trial would take place in time to expel Trump from office. As the House prepared for the impeachment vote, there were signs Trump’s hold on the Republican Party was beginning to ebb. Democrats could also use an impeachment trial to push through a vote blocking Trump from running for office again.
Persons: Donald Trump’s, Donald Trump, Joshua Roberts, Joe Biden, Trump, Steny Hoyer, Nancy Pelosi, Mitch McConnell, McConnell, Chuck Schumer, Kamala Harris, Jim McGovern, Oklahoma Republican Tom Cole, Cole, Jason Smith, Mike Pence, Liz Cheney, ” Cheney, Dick Cheney, Trump “, Jaime Herrera Beutler, John Katko, Adam Kinzinger, Fred Upton, impeaching Trump, Biden, Hunter, Trump’s Jan, ” Trump, David Cicilline, disqualifying Trump Organizations: WASHINGTON, U.S . Capitol, National Guard, Capitol Vistor's, Capitol Hill, U.S, REUTERS, Republican, Republican Senate, Democratic, Capitol, , Republicans, Oklahoma Republican, Trump, Republican Party, New York Times, Ukraine, Georgia Locations: Jan, Georgia, Washington, Oklahoma, U.S, United States
If the Democratic-led House approves it, Trump would become the first president impeached twice. Slideshow ( 6 images )Hoyer told reporters he expected between 10 and 20 House Republicans to vote for impeachment. As the House prepared for the impeachment vote, there were signs Trump’s hold on the Republican Party was beginning to ebb. At least five House Republicans, including Liz Cheney, a member of her party’s leadership team, said they would vote for his second impeachment - a prospect no president before Trump has faced. Democrats could also use an impeachment trial to push through a vote blocking Trump from running for office again.
Persons: Donald Trump’s, Donald Trump, Joshua Roberts, Trump, , Jim McGovern, Joe Biden, Oklahoma Republican Tom Cole, us, ” Cole, Cole, Steny Hoyer, Nancy Pelosi, Mitch McConnell, McConnell, Biden, Chuck Schumer, Kamala Harris, Hoyer, Jason Smith, Mike Pence, Liz Cheney, Republicans Jaime Herrera Beutler, John Katko, Adam Kinzinger, Fred Upton, impeaching Trump, Hunter, Trump’s Jan, ” Trump, disqualifying Trump Organizations: WASHINGTON, U.S . Capitol, Representatives, National Guard, Capitol Vistor's, Capitol Hill, U.S, REUTERS, Democratic, Oklahoma Republican, Republicans, Republican Senate, Republican, House Republicans, REPUBLICAN, Trump, Republican Party, New York Times, Ukraine, Georgia Locations: United States, Oklahoma, Georgia, Washington, U.S
Australia, NZ dlrs resume bull run, bonds outperform
  + stars: | 2021-01-13 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +2 min
The Aussie bounced to $0.7775 and away from a $0.7666 low touched at the start of the week. That was mirrored in the Australian bond market where 10-year yields eased a touch to 1.09%, from a seven-month top of 1.118%. Australian bonds managed to fare better than their U.S. counterparts, with the spread between 10-year yields swinging to -0.2 basis points from +7 basis points early last week. With three-year yields pinned near 0.1% by buying from the Reserve Bank of Australia (RBA), the yield curve has steepened markedly in recent weeks. Yields on 10-year paper widened to 97 basis points over three-year notes, up from 65 basis points at the start of November.
Persons: Jan, Treasuries, , Jack Chambers Organizations: SYDNEY, New Zealand, Federal Reserve, U.S ., Democratic, U.S, Senate, USTs, ANZ, Australian, of Financial Management, Reserve Bank of Australia Locations: Treasuries, U.S
At least five House Republicans support impeaching President Donald Trump over the Capitol siege, but most are pushing against it and arguing that it would further divide the country. But multiple polls show a majority of Americans support the House impeaching Trump and the Senate removing him from office. As the House on Wednesday debated impeaching President Donald Trump a second time — in this case for inciting an attempted coup — numerous Republicans argued that impeachment would further divide the US. Most Americans are in favor of impeaching Trump, despite what Republicans say:A CBS News poll released Wednesday found 55% of Americans favor impeaching Trump over the Capitol siege. At least five House Republicans support impeaching Trump, but most GOP lawmakers in the chamber are against it.
Persons: Donald Trump, impeaching Trump, Trump, Tom Cole, Jason Smith of, Nancy Mace, Mace Organizations: Republicans, Capitol, Republican, CBS, Politico, Senate, ABC, GOP, Trump, US Locations: Jason Smith of Missouri, South Carolina
ET Live Updates: Trump Shows No Contrition for Inciting Mob, Calling Remarks ‘Appropriate’ The House will vote on a resolution on Tuesday calling on Vice President Mike Pence to wrest the powers of the office from President Trump. RIGHT NOW In a tacit break with Trump, House Republicans will not formally lobby against his impeachment. They were confident they had the votes to make Mr. Trump the first president ever to be impeached twice. Representative Kevin McCarthy, left, the Republican leader, said he will “personally” oppose impeaching President Trump. Sixteen groups — some of them armed and most of them hard-line supporters of Mr. Trump — have already registered to stage protests in Washington.
Persons: Mike Pence, Trump, Pence, Doug Mills, Mr, , , Alejandro Silva, Silva, John, Michael Torres, McAllen Mayor Jim Darling, ” James Dobbins, Anna Moneymaker, ” Mr, Joseph R, Biden, Nicholas Fandos, Zolan Kanno, Youngs, Michael Crowley, Peter Baker, Kevin McCarthy, President Trump, Kevin McCarthy of, McCarthy, Mitch McConnell of, , Liz Cheney, ” Ms, Cheney, John Katko, Fred Upton of, Jaime Herrera Butler, Peter Meijer, impeaching Trump, “ Donald Trump, Sarah Longwell, Cheney “, Ms, Olivia Troye, Elizabeth Neumann, Troye, Neumann, Longwell, Michael Hayden, George W ., Peter D, Keisler, Stuart M, Gerson, Biden’s, Alejandro Mayorkas, , Kamala Harris, Lloyd J, Austin III —, Austin, Avril D, Haines, Antony J, Blinken, William Burns, Austin III, Hilary Swift, Trump’s, Jim Mattis, Austin’s, Angus King, King, Kirsten Gillibrand, Tammy Duckworth, Elizabeth Warren, Warren, James M, Inhofe, Mike Rounds, Daniel R, Chad F, Wolf, Peter T, Gaynor, Muriel E, Bowser, Bowser’s, Alan Feuer, Chris Cameron, Dave Philipps, Impeaching, Mitch McConnell, Jan, James E, bifurcate, Marie Fazio, Cori Bush, Whitney Curtis, Mo Brooks, Ted Cruz of, Josh Hawley, Bush, it’s, Jamaal Bowman, Lauren Boebert, Bowman, ” Chris Cameron, Catie Edmondson, James Ivialiotis, Christopher Occhicone, Jamie Raskin, Nancy Pelosi’s, Raskin’s, Tommy Raskin, Raskin, “ I’ll, I’ve, Tom Cole of Oklahoma Organizations: Trump, Trump , House Republicans, Capitol, New York Times, Joint Base Andrews, Rampage, Twitter, Vehicles, McAllen Police, U.S . Border Patrol, Mr, La, McAllen Mayor, Capitol Police, ., The New York Times, Democrats, Republican, impeaching, Trump . Credit, The New York Times House Republican, House, Republicans, Trump Republicans, incentivize Republicans, Trump Republican, Longwell, Department of Homeland Security, Republican Party, Air Force, National Security Agency, of Homeland Security, Senate, Georgia, Department of Defense, Pentagon, Army, National Intelligence, Central Intelligence Agency, The New York Times Democratic, Senate Armed, Senate Armed Services, , National Guard Bureau, Homeland Security Department, Federal Emergency Management Agency, Washington, Capitol . Security, The National Guard, Defense, White House, Credit, Congressional, Democrat, The New York Times Progressive, Representatives, , United States Congress, 117th, Harvard University, Maryland Democrat Locations: Alamo , Texas, Portland, Seattle, Mexico, Harlingen, McAllen, Alamo, Rio Grande, del Pueblo, Rio Grande Valley, Washington, United States, Newark, Del, Kevin McCarthy of California, Mitch McConnell of Kentucky, Wyoming, New York, Fred Upton of Michigan, Peter Meijer from Michigan, Wilmington, Maine, Illinois, Iraq, Massachusetts, Oklahoma, South Dakota, ., South Carolina, Missouri, Mo Brooks of Alabama, Ted Cruz of Texas, Josh Hawley of Missouri, Colorado, Staten Island, N.Y, Covid, Maryland
Asia stocks near highs, yields up on U.S. stimulus risk
  + stars: | 2021-01-11 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +4 min
SYDNEY (Reuters) - Asian shares paused near historic highs on Monday while Treasury yields were at a 10-month top as “trillions” in new U.S. fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2%, having surged 5% last week to record highs. Longer-term Treasury yields were at their highest since March after Friday’s weak jobs report only fanned speculation of more U.S. fiscal stimulus now that the Democrats have control of the government. With the Fed reluctant to purchase more longer-dated bonds, 10-year Treasury yields jumped almost 20 basis points last week to 1.12%, the biggest weekly rise since June. Mark Cabana at BofA warned stimulus could further pressure the dollar and cause Fed tapering to begin later this year.
Persons: Kim Kyung, Donald Trump, , Richard Yetsenga, , Joe Biden, Richard Clarida, Mark Cabana, Morgan Organizations: SYDNEY, Nikkei, REUTERS, Hoon Investors, ANZ, Federal, Treasury, Citigroup, Brent Locations: Tokyo, Japan, Asia, Pacific, Korea, Wells Fargo, Saudi Arabia
The list includes Cornell Executive MBA Americas, NYU Stern's Executive MBA Programs, Kellogg's Executive MBA program, and The Texas McComb's Executive MBA Program, among others. Cornell Executive MBA Americas at Cornell University's Samuel Curtis Johnson Graduate School of ManagementCornell Executive MBA Americas is ranked No. In addition to Executive MBA Americas, Cornell Johnson offers other EMBA programs, including Executive MBA Metro NY and the Executive MBA/MS in Healthcare Leadership. 8 globally by the Financial Times for EMBA programs in 2019, offers several executive MBA programs, including Executive MBA London, Executive MBA Dubai, EMBA- Global Americas & Europe, and EMBA-Global Asia. The ESADE Executive MBA at Ramon Llull University's ESADE Business SchoolESADE's Executive MBA program, ranked No.
Persons: Michael Desiderio, Desiderio, Cornell University's Samuel Curtis Johnson, Cornell Johnson, Verne Thalheimer, New York University's Leonard N, Business Neha Singhal, Neha Singhal, Stern, Irina Kodes, NYU Stern, Craig Wortmann, Kellogg, Georgia State University's J, Mack, Mack Robinson College of Business Kelvin Coles, Kelvin Coles, Robinson, Kate Warner, Alli Royce, Southern Methodist University's, Katie Jarvis, , It's, Quants, Gerald J, Wilmink, Hiba, Hiba Beydoun, Ramon Llull, Aurora Martinez Organizations: Business, Cornell, NYU, Texas, Cornell University's Samuel Curtis Johnson Graduate School of Management Cornell, US, Smith School of Business, Queen's University, Metro NY, Healthcare Leadership, Cornell Executive, New York, Stern School, NYU Stern, Stern, US News, London School of Economics, HEC Paris, Northwestern University's Kellogg School of Management, The, Evanston, Kellogg, Kellogg Innovation, Entrepreneurship Initiative, Georgia State, Mack Robinson College of Business, Robinson College of Business, Financial Times, Hilltop Consulting, Southern Methodist, Southern Methodist University's Cox School of, Bed, The University of Texas, Austin's McCombs School, Business The, University of Texas, UT, Business School, London, Dubai, Global, Europe, Bey Consulting, London Business, QS, Aalto University Executive Education Locations: North, South America, Queen's, Canada, Mexico, Peru, Chile, New York City, Washington, EY, Miami, Georgia, Americold, Business The Texas, Austin , Texas, EMBA, Global Asia, Cape Town, South Africa, ESADE
(CNN) News outlets are publishing more and more videos , photos and testimonials from Wednesday's pro-Trump riot on Capitol Hill. The public didn't find out that a US Capitol Police officer was gravely wounded until Thursday, for example. But there was something way, way darker, more violent, more sinister, and more organized happening in that Capitol on Wednesday. On the internet, Hayes' segment was titled "Must-see new video shows Capitol riot was way worse than we thought ." It understandably took some time for journalists to digest what they'd witnessed and ingest their video from the Capitol.
Persons: Brian D, Sicknick, Richard Hall, MSNBC's Chris Hayes, Hayes, Mo Brooks, Ted Cruz, Josh Hawley, Mike Pence, Pence, Mike Konczal, Sunlen Serfaty, Devan Cole, Alex Rogers, Trump, Erin Schaff, Ted Lieu, Jan, Lieu, gravitas Organizations: CNN, Trump, Capitol, Journalists, US Capitol Police, The, British, Washington Post, Daily, The New York Times, Roosevelt Institute, Democratic, Twitter Locations: Iraq, Ted Lieu of California
Smithfield Foods shakes up management team under new CEO
  + stars: | 2021-01-07 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
FILE PHOTO: A road sign directs traffic to Smithfield Foods' pork processing facilities in Smithfield, Virginia, U.S. October 17, 2019. Smithfield CEO Dennis Organ, who was previously the company’s chief operating officer, had been scheduled to take the reins in early 2021, but the change was pushed up to late November. Scott Saunders becomes chief supply chain officer after working as executive vice president of the company’s U.S. supply chain and president of fresh pork. Joe Weber was promoted to chief commodity hedging officer from executive vice president of growth and emerging business. Smithfield announced the retirement of Dhamu Thamodaran, who was chief commodity hedging officer, executive vice president and chief strategy officer.
Persons: Tom Polansek, Dennis Organ, Russ Dokken, Scott Saunders, Joe Weber, Organ, Dhamu Thamodaran, John Pauley, Bill Michels, Michael Cole, Kenneth Sullivan, Organizations: CHICAGO, Smithfield Foods, REUTERS, Smithfield, Hong Kong’s WH Group Locations: Smithfield, Smithfield , Virginia, U.S
N.F.L. Playoff Predictions: Our Picks in the Wild-Card Round
  + stars: | 2021-01-07 | by ( Benjamin Hoffman | ) www.nytimes.com + 1.00   time to read: +1 min
The Bills’ success starts with quarterback Josh Allen, who progressed from a mistake-prone gunslinger to a legitimate candidate for the Most Valuable Player Award, leading Buffalo to its first division title since 1995. Buffalo finished second in the N.F.L. in scoring, and closed the season with a six-game win streak in which the team averaged 38.2 points a game. The Bills’ defense didn’t rank nearly as high statistically, but cornerback Tre’Davious White and linebacker Tremaine Edmunds led a unit that tied for the third-most takeaways in the N.F.L. After a rocky start to the year, Buffalo’s defense was particularly impressive in late-season wins over the Chargers and the Steelers.
Persons: Josh Allen, Stefon Diggs, Cole Beasley, John Brown, Tre’Davious White, Tremaine Edmunds, Philip Rivers, hasn’t Organizations: Buffalo, Bills, Chargers, Steelers Locations: Buffalo, Orchard Park, N.Y, New York
Markets shift to price in chance of Democrat Senate wins
  + stars: | 2021-01-06 | by ( Ritvik Carvalho | Wayne Cole | ) www.reuters.com + 0.00   time to read: +4 min
LONDON/SYDNEY (Reuters) - The growing chance of Democratic wins in two pivotal Senate contests on Wednesday triggered financial market moves mirroring hopes of more COVID-19-related stimulus and increased regulatory scrutiny of tech companies. In stocks, infrastructure and renewable energy sectors were rising, while the Nasdaq, home to big tech stocks, took a hit. In line with those assumptions, 10-year U.S. bond sold off, with yields topping 1% for the first time in 9-1/2 months. The dollar fell further to its lowest levels since March 2018, adding to a 13% decline since March. Small cap stocks are generally seen as the first to recover as the U.S. economy pulls out of a recession.
Persons: Elijah Nouvelage, Raphael Warnock, Kelly Loeffler, , Stuart Clark, Joe Biden, Wall, Russell, Holger Schmieding, Elias Haddad Organizations: Democratic, Georgia World Congress, REUTERS, Nasdaq, Senate, Republican U.S, , Quilter Investors, Wall, Apple, Microsoft, JPMorgan, Bank of America, Biden, Systems, Siemens, Berenberg, , CBA Locations: SYDNEY, Fulton County, Atlanta , Georgia, U.S, Frankfurt, Georgia
NEW YORK/LONDON/SYDNEY (Reuters) - The growing chances of Democratic wins in two pivotal U.S. Senate contests triggered financial market moves Wednesday that mirror hopes of more COVID-19-related stimulus and increased regulatory scrutiny of tech companies. In stocks, infrastructure and renewable energy sectors rose shortly after the U.S. market opened, while the Nasdaq, home to big tech stocks, slid more than 0.5% as the broad S&P 500 index rose 0.25%. Democratic control of the Senate would give more scope for President-elect Joe Biden to act on his ambitious agenda, which includes new stimulus and infrastructure spending. It may also pave the way for higher corporate taxes and tighter regulations, policies not typically favored by Wall Street. Small-cap stocks are generally seen as the first to recover as the U.S. economy pulls out of a recession.
Persons: Elijah Nouvelage, gridlock.Raphael Warnock, Kelly Loeffler, Jon Ossoff, David Perdue, Joe Biden, , Phil Orlando, , Chuck Schumer, Mitch McConnell, Stuart Clark, Russell, Holger Schmieding, Elias Haddad Organizations: Democratic, Senate, Georgia World Congress, REUTERS, Nasdaq, Republican U.S, Wall, Federated Hermes, , Quilter Investors, JPMorgan, Bank of America, Biden, Systems, Siemens, Berenberg, , CBA Locations: SYDNEY, U.S, Fulton County, Atlanta , Georgia, Georgia
REUTERS/Elijah NouvelageReports of the attacks on the U.S. Capitol briefly shook markets, but investors said the impact would be temporary at best. The aftermath of the runoff elections in the state of Georgia weighed on technology stocks while sending investors into sectors that underperformed last year, such as banks and small caps. Bets on economic growth helped spur outsize gains in the shares of infrastructure stocks, energy companies and other sectors that had been among 2020’s biggest losers. At the same time, the worries over increased regulation by Democrats and a spike in benchmark Treasury yields to above 1% hurt the big technology stocks that had led the markets higher last year. For a graphic on Green stocks surge on Biden victory:Some investors were cautious about the potential for sweeping changes.
Persons: Joe Biden, Elijah Nouvelage, Biden, , Edward Moya, , Phil Orlando, , Russell, Eric Marshall, Holger Schmieding, Elias Haddad Organizations: Democrats, U.S, REUTERS, U.S . Capitol, Democratic, Dow, , COVID, outsize, Federated Hermes, Biden, Wall Street . Technology, Hodges Capital, Berenberg, Senate, CBA Locations: SYDNEY, DeKalb County, Decatur , Georgia, U.S, Georgia, New York, Washington
Dollar squeezed as traders wait on Georgia results
  + stars: | 2021-01-06 | by ( ) www.cnbc.com + 0.00   time to read: +3 min
The U.S. dollar steadied in Asia on Wednesday as traders looked to the outcome of a Senate election in Georgia to drive the next move in market sentiment. The dollar index was steady at 89.491 on Wednesday, just above a 2-1/2 year low hit on Monday. Asian currencies have received an added boost from China's rising yuan, which increases China's purchasing power for commodities and other imports. It has gained 12% on the dollar since last May as China's economic rebound has led the world's pandemic recovery. Elsewhere, a rise in oil prices lifted exporters' currencies, sending the Norwegian crown to a 21-month high of 8.4350 per dollar and the Canadian dollar to a 32-month peak.
Persons: Sterling, Adam Cole, Joe, Biden, Vasu Menon Organizations: U.S, New, U.S . Senate, Capital Markets, OCBC Bank, People's Bank of China, Traders Locations: Asia, Georgia, United States, Singapore, China, Norwegian
On November 3, local voters approved the California Privacy Rights Act, a new law that adds data privacy and security requirements to the existing California Consumer Privacy Act (CCPA) regulations. The term stands for California Privacy Rights Act, a new law that California voters approved on November 3. The CPRA introduces novel data privacy and security requirements that extend beyond California's existing CCPA (California Consumer Privacy Act) regulations. Other US states are already following in the CPRA's footsteps with data privacy laws of their own, such as New York, Illinois, Washington, and Illinois. Prepare for CPRA in 2021Modern data privacy laws like CPRA in the US — also GDPR in the EU, LGPD in Brazil, etc.
Persons: Dave Cole, Cole, it's, Read, Bill, you'll Organizations: Norton, California Consumer, Data, Protection Agency, Google, Microsoft, CPRA, LGPD Locations: California, New York , Illinois, Washington, Illinois, Brazil
Asia shares reach record, Nikkei restrained by lockdown risk
  + stars: | 2021-01-04 | by ( Wayne Cole | ) www.reuters.com + 0.00   time to read: +4 min
REUTERS/Kim Kyung-HoonAfter a slow start, MSCI’s broadest index of Asia-Pacific shares outside Japan swung 1.2% higher, hitting another all-time peak. South Korea climbed 2% to a record, led by the chip and auto sectors, while Chinese blue chips added 0.3%. E-Mini futures for the S&P 500 were steady after also touching a record high. EUROSTOXX 50 futures were flat, while FTSE futures rose 0.4%. [O/R]Brent crude futures rose 62 cents to $52.49, while U.S. crude added 59 cents to $49.11 a barrel.
Persons: Kim Kyung, Yoshihide Suga, Joe Biden’s, , Kamala Harris, , Michael Gapen, Sterling firmed, Brent Organizations: SYDNEY, Tokyo, REUTERS, Nikkei, Investors, U.S, White House, CBA, PMI, Barclays, Brent Locations: Tokyo, Japan, Asia, Pacific, South Korea, Georgia, U.S, Taiwan
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