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☆ The Fed likely won’t raise rates this month — but November is another matter
▼ + stars: | 2023-09-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Last week’s economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that brought rates to their highest level in 22 years. It’s hard to say definitively if or when the central bank will hike interest rates again this year. The Fed could hold rates steady for the rest of the year if both the job market and the broader economy continue to slow, helping bring down inflation. Higher for longer means keeping interest rates elevated for a prolonged period. China’s National Bureau of Statistics releases August inflation data.

Persons: hasn’t, ” Leslie Thompson, Thompson, Jerome Powell, Powell, Susan Collins, Powell’s Jackson, there’s, Raphael Bostic, Olesya Dmitracova, ” Patrick Hummel, David Lesne, Juan Perez, Carrascosa, Barnes & Noble Organizations: CNN Business, Bell, DC CNN, Federal, Financial, Spectrum Wealth Management, CNN, Fed, Kansas City, Boston, Yahoo, Finance, Atlanta Fed, Volkswagen, Renault, UBS, French, Swiss, Barnes &, The Reserve Bank of Australia, US Commerce Department, Eagle, Express, P Global, Institute for Supply Management, Bank of Canada, US Labor Department, Kroger, China’s National Bureau of Statistics Locations: Washington, Jackson Hole , Wyoming, Cape Town , South Africa, Europe

☆ Volkswagen, Renault shares hit by rare ‘sell’ rating as Chinese competition grows
▼ + stars: | 2023-09-01 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Shares in Europe’s largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors. Volkswagen was down 4.4% in late afternoon trade in Europe and Renault 5.6% lower, while the benchmark STOXX Europe 600 index was flat. China is the biggest single market for Volkswagen but its sales there have been declining in the face of pressure from local competitors. In their note, the UBS analysts highlighted the threat to the carmaker from “highly competitive” Chinese EVs. Volkswagen, Renault and other global players have been teaming up with Chinese companies, too.

Persons: ” Patrick Hummel, David Lesne, Juan Perez, Carrascosa, BYD, Warren Buffett, ”, “, —, Geely Organizations: London CNN —, Volkswagen, French, Renault, UBS, Swiss, “ Renault, China Passenger Car Association . Vehicles Locations: Europe, China

☆ Why a vacation is good for you – even before you take time off
▼ + stars: | 2023-08-22 | by ( Juan Pérez Fernández | Roberto De La Torre Martínez | ) edition.cnn.com time to read: +6 min

And the truth is that the benefits of a good vacation can be felt even before the trip begins. The “other stress” – the one that has negative connotations for everyone – is chronic stress. Alexander Spatari/Moment RF/Getty ImagesThe main thing that a good vacation can do for our mental health is precisely to reduce chronic stress levels. Therefore, knowing that our vacation is coming increases the dopamine levels in our brain and gives us that feeling of pleasure. Be that as it may, good vacations are good for us.

Persons: –, Alexander Spatari, Juan Pérez Fernández, Roberto de la Torre Organizations: CNN, Getty, University of Vigo, Roberto de la Torre Martínez, Department, Neuroscience, Karolinska Institute Locations: daydreaming, CINBIO, Spain, Sweden

☆ Marc Benioff says he has a successor. A leaked Salesforce org chart identifies the likely candidates.
▼ + stars: | 2023-05-04 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Marc Benioff's succession plan appeared to fall apart when co-CEO Bret Taylor resigned on Nov. 30. "I always have a succession plan," Benioff told Insider. A leaked Salesforce organizational chart identifies the likely candidates who are next in line. Salesforce CEO Marc Benioff says he has a successor in mind and a leaked Salesforce organizational chart identifies the likely candidates who are next in line. "I always have a succession plan," Benioff told Insider in an interview.

☆ U.S. dollar advances vs major currencies as risk appetite fades
▼ + stars: | 2023-01-18 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

The earlier sell-off in the dollar came after the Bank of Japan maintained ultra-low interest rates. In afternoon trading, the U.S. currency rose against the commodity-linked currencies such as the Australian, New Zealand, and Canadian dollars, which sensitive to risk appetite. The Australian dollar fell 0.7% to US$0.6936, after hitting its highest since August last year. In Japan, the BOJ kept intact its yield curve control (YCC) targets, set at -0.1% for short-term interest rates and around 0% for the 10-year yield, by a unanimous vote. The dollar rose as much as 2.7% to 131.58 yen before gains were pared.

☆ Treasury yields, dollar fall after U.S. data; yen flat in wake of BOJ
▼ + stars: | 2023-01-18 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 5, 2023. The drop in U.S. retail sales, together with subsiding inflation, could encourage the Federal Reserve to further scale back the pace of its interest rate increases next month. The decision caused the yen to fall, with investors unwinding bets based on expectations the central bank would overhaul its yield control policy. But in late-morning U.S. trading, the dollar was little changed against the yen . "The PPI and retail sales numbers show that there are disinflationary pressures going on," said Juan Perez, director of trading at Monex USA in Washington.

☆ CIO 2023 Priorities: Speed and Agility
▼ + stars: | 2022-12-30 | by ( Belle Lin | ) www.wsj.com time to read: +4 min

Technology executives in a recent CIO Journal end-of-year survey shared their priorities for 2023. In addition to delivering on a company’s technology goals, business technology executives have been navigating tricky waters over the past year as a result of rising interest rates, a tumultuous geopolitical landscape and stubborn inflation. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Alessandro Ventura, Unilever North America’s CIO and vice president of analytics and business services. “Nobody has a crystal ball,” Mr. Ventura said.

☆ Blockchain Fails to Gain Traction in the Enterprise
▼ + stars: | 2022-12-15 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +7 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Some companies say they haven’t found a compelling enough reason to use it. Many didn’t have digital record-keeping systems and had to make large upfront investments before they could start using blockchain, Walmart said. Walmart is using blockchain to track leafy greens and green bell peppers. Earlier this year, the state of Jharkhand in eastern India began using blockchain to track seed distributions to farmers.

☆ CIOs Can Play Key Role in Guiding Companies Through Slowdown
▼ + stars: | 2022-11-27 | by ( Steven Rosenbush | ) www.wsj.com time to read: +7 min

The market for cloud computing, business software, artificial intelligence and other so-called enterprise technologies has been a relative bright spot. “During times of economic uncertainty, companies look for ways where technology can drive growth and create more economic value faster,” said Juan Perez, chief information officer at Salesforce Inc. When budgets are under scrutiny, companies tend to focus on short-term solutions that can drive efficiency and productivity, Salesforce’s Mr. Perez said. Companies should take this opportunity to reconsider the pace of hiring and employ freelance workers where it makes sense. Additionally, CIOs say they are looking at the opportunity to hire valuable workers who lost their jobs at other companies or renew technology contracts on more favorable terms.

The dollar pared gains after earlier climbing to a fresh 24-year peak versus the yen, holding above levels that prompted intervention by Japan last month. Sterling regained ground after a sharp fall the previous day as investors eyed the Bank of England's next steps. In currencies, sterling was last trading at $1.1091, up 1.17% on the day after going as low as $1.0925 earlier. read moreThe euro fell 0.04% against the dollar to $0.9699 while the Japanese yen weakened 0.67% versus the greenback to 146.84 per dollar. Gold eked out gains on Wednesday after five sessions of losses, although an uptick in the dollar kept prices in check as investors waited for the Fed minutes.

☆ Sept FOMC showed agreement on higher rates for longer
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +6 min

Many officials said they had raised their assessments of the path of interest rate increases that would likely be needed to achieve the committee's goals. Ultimately, they do think that you need to reach some very high interest rates in order to really cool down the economy. While inflation has peaked, the path to a 2% inflation rate will be long, windy and bumpy." "The Federal Reserve's current tone suggests it is committed to raising interest rates until the snake of inflation is dead." CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE, NC"For the most part there's nothing to earth shattering in the Fed minutes.

☆ Leaked Salesforce org chart shows the 12 most important execs under Marc Benioff and and outgoing co-CEO Bret Taylor
▼ + stars: | 2022-08-18 | by ( Matthew Lynley | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Salesforce co-CEO and heir apparent Bret Taylor is leaving the company. A leaked organizational chart shows who the top execs under Taylor and Marc Benioff are now. A leaked Salesforce organizational chart viewed by Insider shows most of the company's top executives report directly to Taylor, and only two reporting to Benioff. That's compared to 2021, when Insider viewed an org chart that showed Benioff with 13 direct reports, including then-COO Bret Taylor. Read on for the details on how these 12 execs became the new leaders of Salesforce as co-CEO Taylor exits the company.

☆ Carol Tomé was hired to whip UPS into shape, but some insiders worry she's killing what made the company great in the first place
▼ + stars: | 2021-07-06 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +11 min

UPS CEO Carol Tomé speaks before a group at a UPS faciltity in Pleasantdale, Georgia. Employees hold roughly 70% of UPS stock, so they benefit from a rising share price. One gesture she made on this front was allowing UPS drivers to have beards, natural hairstyles like Afros and braids, and visible tattoos. UPS CEO Carol Tomé sits in a UPS delivery van on a package route ride-along. While Tomé has made some UPS employees anxious, she's pleased Wall Street: UPS' stock has nearly doubled since the start of her tenure.

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