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☆ Opinion: Trump’s defense got one last shot at Michael Cohen. Did they make their case?
▼ + stars: | 2024-05-21 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +8 min

CNN —The biggest drama in the trial of former President Donald Trump on Monday came not, as expected, in the cross-examination of former Trump attorney Michael Cohen. His testimony wrapped without any moments approaching the significance of last week’s defense hits on the star witness. Cohen had already admitted that he lied to Costello, and indeed lied more broadly to protect Trump before cooperating with the government. But Cohen has already testified that he lied about Trump’s knowledge of the payment to Daniels before cooperating with prosecutors. It culminated before the lunch break with a bit of razzle- dazzle to bolster Cohen’s testimony about what happened on that phone call with Schiller and Trump.

Persons: Norman Eisen, “, Donald Trump, Trump, Michael Cohen, — Robert Costello, Cohen —, audibly, Juan Merchan, Costello, ” Merchan, cautioning, ’, …, ” Costello, Merchan, Norm Eisen, Cohen, chastising Costello, Stormy Daniels, Daniels, Todd Blanche, Blanche, Keith Schiller, Schiller, —, Trump’s, ”, Susan Hoffinger, Perry Mason Organizations: CNN, Monday, Trump, Trump Organization, SPAN, Twitter, Facebook Locations: Trump’s Manhattan, Tampa , Florida

☆ Markets worry Treasury yields could jump back to levels that sparked chaos last October
▼ + stars: | 2024-05-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The benchmark 10-year Treasury yield is hovering below levels that caused a massive crash last fall. Yet, persistent inflation and weak Treasury auctions could boost yields past the 5% mark. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's why Treasury auctions have become attention-grabbers for markets, as investors watch to see if there are enough willing buyers. The dangers of 5%When 10-year yields broke through the 5% mark last fall, traders panicked and the S&P 500 nosedived nearly 6% from October's peak-to-trough.

Persons: —, That's, Treasurys, Bill Gross, Ed Yardeni, Eric Sterner, Yardeni, hasn't, they're, Goldman Sachs, Sterner Organizations: Service, Treasury, Business, Treasury Department, Federal, Yardeni Research, Investment, SEI, Apollon Wealth Management

Surgical castration “will always be pronounced” for those guilty of raping a child under the age of 10, according to the law's wording. Cases of rape against children between the ages of 10 and 13 will be punished by surgical or chemical castration. The younger the child, the greater the punishment,” Randriamanantenasoa said. Chemical castration is the use of drugs to block hormones and decrease sexual desire. Several countries and some U.S. states — including California and Florida — allow for chemical castration for some sex offenders.

Persons: Andry Rajoelina, Landy Mbolatiana Randriamanantenasoa, Randriamanantenasoa, “, ” Randriamanantenasoa, Jessica Lolonirina Nivoseheno, ” Organizations: —, Senate, Constitutional Court, Amnesty, AP Locations: ANTANANARIVO, Madagascar, California, Florida, africa

☆ Morning Bid: Yen hangs under intervention cloud
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. As Europe wakes up, the yen is not far off the one-year low of 151.74 hit this week and the three-decade low of 151.94 touched last year, which triggered an intervention by Tokyo at the time. The broad yen sell-off on Tuesday came a day after the BOJ watered down its 1% yield cap on the 10-year bond. How hard the BOJ defends the so-called 1% reference will be the key question traders ask in coming days. With little on Europe's economic calendar, investors are likely to keep the focus on the Fed and yen.

Persons: Florence Lo, Ankur Banerjee, Masato Kanda, ramping, Jerome Powell, Powell, Sam Holmes Organizations: REUTERS, Ankur, Fed, Reuters Graphics Reuters, Reuters, PMI, Nationwide, GSK, Thomson Locations: Tokyo, United States

☆ HSBC’s profit resilience may face sterner tests
▼ + stars: | 2023-10-30 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, Oct 30 (Reuters Breakingviews) - HSBC’s (HSBA.L), (0005.HK) resilient bottom line may face some stiffer challenges. HSBC also flagged that the same exercise would produce another $400 million loss in the final three months of the year. The bank’s net interest margin slipped to 1.7% in the latest quarter, from 1.72% in the previous three months. HSBC shares trade at around 0.9 times the bank’s tangible book value at the end of September. The bank’s London-listed shares were up 0.9% at 606 pence by 0900 GMT on Oct. 30.

Persons: It’s, Noel Quinn’s, Quinn, undemanding, it’s, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, HK, Chartered, HSBC, Thomson Locations: SINGAPORE, China, London

☆ Craigslist founder Craig Newmark is pouring millions of dollars into combating AI's dark side
▼ + stars: | 2023-09-14 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +10 min

Since the 2015 debut of Craig Newmark Philanthropies, the entrepreneur has donated many millions of dollars to various causes involving media and technology. Newmark, 70, spoke to CNBC as he was recovering from a minor heart procedure he went through in late August. At the same time, he's worried that tech companies, particularly in social media, "aren't even trying anymore to get rid of stuff they know is dishonest," he said. "Protecting kids when it comes to AI is a big issue," Newmark said, regarding his donation to Common Sense Media. Within journalism, Newmark's most high-profile endeavor is the City University of New York's Craig Newmark Graduate School in Journalism.

Persons: Craig Newmark, Everard Craig Newmark, Craig Newmark Philanthropies, Newmark, he's, aren't, I've, Rather, Jim Jordan, I'm, City University of New York's Craig, Julia Angwin, she'd, Sue Gardner, algorithmically, Thilina, doesn't, " Newmark, that's Organizations: Craigslist, LinkedIn, Facebook, Sense Media, CNBC, Tech, Meta, Twitter, Sense, Knight Foundation, Ford Foundation, City University of New, City University of New York's Craig Newmark Graduate School, Journalism, CUNY, Nurphoto Locations: San Francisco, New York, Ohio

☆ Wall Street’s mood is improving — but it’s far from upbeat
▼ + stars: | 2023-09-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Wall Street’s optimism has edged up in recent weeks after an August slump to levels not seen since the collapse of several regional banks earlier this year. CNN’s Fear & Greed Index, which tracks seven different barometers for market sentiment, has oscillated between “neutral” and “greed” territory this month after plunging to a “fear” reading mid-August. The broad-based S&P 500 index has roared 16% higher this year, propped up by Wall Street’s infatuation with artificial intelligence that’s driven a powerful rally in tech stocks. While the Fed’s policy meeting is taking place next week, there’s a laundry list of factors stoking uncertainty in the market. September has historically been the worst month for stocks, and it could live up to its reputation this year.

Persons: it’s, August’s selloff, ”, Eric Sterner, Wall, Michael Arone, Arone, Chris Isidore, “, Gary Quirk, Quirk, epitomize, Birkenstock Organizations: CNN Business, Bell, CNN, Apollon Wealth Management, Federal Reserve, Stocks, State Street Global Advisors, American, of, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, Samsung, UAW, Wall Street, US Securities and Exchange Commission, New York Stock Exchange, Financial Locations: Kokomo , Indiana, New York, United States

☆ Kohli is the solution to India's No 4 concerns, says Shastri
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Aug 17 (Reuters) - Fielding Virat Kohli at number four could address India's long-standing concerns about a settled batter at that crucial position, former coach Ravi Shastri has said. Kohli has amassed the lion's share of his 12,898 runs, which include 39 hundreds, batting at number three in 212 of his 275 innings. In his 42 appearances at number four, Kohli averaged 55.21, slightly below his overall 57.32, and has scored seven hundreds. Shastri, who was coach of the India team when Kohli was captain, and lost to New Zealand in the semi-finals of the 2019 World Cup, said those were impressive numbers for a number four batter. Shastri said during the 2019 World Cup, he considered changing Kohli's place "just to break that top heavy line-up".

Persons: Fielding Virat Kohli, Ravi Shastri, Rohit Sharma, Kohli, Shastri, Shreyas Iyer, Jasprit Bumrah, Amlan Chakraborty Organizations: India, New Zealand, Star Sports, Asia, Thomson Locations: DELHI, India, New, Ireland, Dublin, Multan, Sri Lanka, New Delhi

☆ Sarina Wiegman: England manager shares secrets of the team’s success ahead of Women’s World Cup
▼ + stars: | 2023-07-06 | by ( Amanda Davies | Ben Church | ) edition.cnn.com time to read: +6 min

CNN —After triumphing at the Women’s Euros in 2022, England will go into this year’s Women’s World Cup as one of the favorites to win the tournament. Since Sarina Wiegman took charge of the Lionesses in September 2021, the squad has transformed into something of a juggernaut. Naomi Baker/Getty ImagesEngland starts its World Cup campaign against Haiti on July 22, before facing Denmark and China in its other group stage matches. The USWNT has won the last two World Cup titles and knocked England out of the semifinals in 2019. If England is to win the Women’s World Cup for the first time, she will have to find a way to do so without captain Leah Williamson and goalscorer Beth Mead, who are both out with ACL knee injuries.

Persons: triumphing, Lucy Bronze, Keira Walsh, Sarina Wiegman, It’s, CNN Sport’s Amanda Davies, Wiegman, “, We’re, Naomi Baker, ” Wiegman, ”, what’s, Ter, she’s, “ There’s, Alex Grimm, Leah Williamson, Beth Mead, “ I’m, that’s Organizations: CNN, England, Australia, Wembley, European, Getty, Haiti, United States Women ’ Locations: England, London, Denmark, China, Germany, France, Netherlands, Australia, New Zealand

Inflation has "started to abate" but the Fed will remain focused on returning it to the 2% target, Fed governor and vice chair nominee Philip Jefferson said in testimony prepared for his confirmation hearing on Wednesday before the Senate Banking Committee. "The economy faces multiple challenges, including inflation, banking-sector stress, and geopolitical instability. "Inflation has started to abate, and I remain focused on returning it to our 2% target." As a group, Fed policymakers last week signaled two more interest-rate hikes are likely by the end of the year. The Senate Banking committee on Tuesday also released prepared remarks from Fed Board nominee Adriana Kugler, who said returning inflation to the central bank's 2% target is key to setting a strong foundation for the U.S. economy.

Persons: Philip Jefferson, Jefferson, Lisa Cook, ” Cook, Cook, Adriana Kugler, " Kugler, Kugler, Bob Menendez, Menendez, Howard Schneider, Michael S, Dan Burns, Ann Saphir, Matthew Lewis Organizations: Reserve, Committee, Federal, World Bank, Fed, of Governors, Senate, Derby, Thomson Locations: Washington, U.S, New York, Berkeley , California

☆ Arsenal win 2-0 at Newcastle to stay in title hunt
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

NEWCASTLE, England, May 7 (Reuters) - Arsenal showed no sign of raising the white flag in the Premier League title race with a 2-0 victory at Newcastle United on Sunday to close the gap on leaders Manchester City to one point. Newcastle stay third on 65 but Manchester United could overtake them later on Sunday if they win at West Ham United and Liverpool will sense some anxiety as they continue to chase. They also had the bitter memory of a 2-0 defeat at Newcastle a year ago that scuppered their top-four hopes. But this Arsenal side, despite the recent wobbles that have cost them top spot, are made of much sterner stuff. Pope came to Newcastle's rescue again in stoppage time at the end of a frenetic first half, keeping out Odegaard's shot with his legs after the Norwegian looked favourite to score.

☆ Goldman Sachs and UBS warn that lower inflation won't be enough to make stocks rally — but these 7 investments can help investors earn a profit anyway
▼ + stars: | 2023-04-14 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors have mostly yawned at lower inflation data this week, keeping stocks range-bound. Strategists at the asset management arms of Goldman Sachs and UBS are signaling caution. The message from markets is clear: lower inflation isn't necessarily a green light for stocks. Strategists at UBS Global Wealth Management (GWM) and Goldman Sachs Asset Management issued even sterner warnings, with neither seeing much upside for stocks in the foreseeable future. Goldman Sachs Asset Management is also bullish on long-duration assets while the economy weakens, especially compared to riskier high-yield bonds.

☆ Investors are watching guidance this earnings season, but might not like what they see
▼ + stars: | 2023-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Corporate guidance statements will be front and center as earnings season kicks off, with investors trying to gauge the economy’s temperature. Analysts forecast that first-quarter earnings for companies in the S&P 500 will fall 6.8% from the same period the previous year, according to FactSet. “We all expect earnings to be less than stellar,” says Shana Sissel, chief executive officer at Banríon Capital Management. Earnings season for banks starts on Friday with JPMorgan Chase, Wells Fargo, BlackRock, Citigroup and PNC Financial Services slated to report before the bell. Still, earnings are just one factor driving markets, and inflation remains a key concern for the Fed.

☆ Morning Bid: Blue chips cheered up
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +5 min

[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.

☆ US stocks end volatile session mixed after inflation cools by less than expected
▼ + stars: | 2023-02-14 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks finish Tuesday's choppy session on a mixed note. January headline inflation cooled to 6.2% but the rate was higher than anticipated. Core CPI, which strips out energy and food prices, rose 0.4% for the month. "The journey to get to normal inflation rates will be a bumpy ride as energy and commodity prices should rebound with China dropping its zero COVID policies." A ninth straight rate hike is likely to arrive in March.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

☆ How Kobe Bryant became one of the NBA's all-time greatest players and an almost mythical figure in the process
▼ + stars: | 2023-01-26 | by ( Scott Davis | ) www.businessinsider.com time to read: +8 min

Kobe Bryant died three years ago today, on January 26, 2020, leaving behind a legacy as an all-time great NBA player and sports icon. From the moment he entered the NBA, Bryant had a platform to become a transcendent star. An impressive resumeOver 20 years in the NBA, Bryant built one of the more impressive resumés. Like many legendary athletes, Bryant's career didn't end in grand fashion. The Lakers won 21 and 17 games in 2014-15 and 2015-16, Bryant's last season in the league.

☆ Analysis: EU unity over Russia sanctions falters as Europe's economy wilts
▼ + stars: | 2022-12-16 | by ( John O'Donnell | ) www.reuters.com time to read: +6 min

Some, such as Belgium and Greece, as well as Hungary which still relies heavily on Russian energy imports, pushed back against further sweeping measures, EU diplomats told Reuters. Russia says sanctions have boomeranged against the West, driving up inflation as energy prices have rocketed higher. Meanwhile, existing EU measures are not always watertight. Others are more discrete, while some have half an eye on a future relationship with Russia after the war ends. German Chancellor Olaf Scholz said this month that the EU would "tighten the sanctions against Russia for as long as Putin continues his war".

Just because rural areas are less populated doesn’t mean it’s cheaper to provide health services there. She recommends that rural counties explore lower-cost, evidence-based options like distributing naloxone, funding syringe service programs, or connecting people to housing or employment. “We couldn’t function if we didn’t partner for lots of different services.”In Colorado, pooling funds is built into the state’s model for managing opioid settlement money. “Nobody has paid any attention to our rural areas and this problem for years,” Laske said. They cross-referenced the results with a list of allowable uses for the $9 million in settlement funds they’ll receive over 18 years to create a priority grid.

☆ Brazil dances its way into World Cup quarterfinals thanks to dazzling display against South Korea
▼ + stars: | 2022-12-05 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

CNN —Brazil danced its way past South Korea and into the World Cup quarterfinals on Monday, sweeping aside its opponent 4-1 in a dazzling performance at Qatar 2022. Brazil players hold a banner showing support for Pele. South Korea, meanwhile, has impressed in reaching the round of 16, coming through a difficult group that included Portugal, Ghana and Uruguay. Michael Steele/Getty ImagesHee-Chan Hwang did force Alisson into a wonderful one-handed save soon after the penalty, but that was the closest South Korea came to scoring in the first half. This game was already long over as a contest, but it was now in danger of turning into a humiliating night for South Korea, if it hadn’t already.

☆ No risk of France being complacent against 'underrated' Denmark
▼ + stars: | 2022-11-25 | by ( Julien Pretot | ) www.reuters.com time to read: +2 min

DOHA, Nov 25 (Reuters) - Having lost twice to Denmark recently, France will be taking nothing for granted when they look to secure their qualification for the knockout stages with a game to spare in Group D on Saturday. The defending champions entered the tournament on the back of a dismal Nations League campaign, during which Denmark beat them 2-1 in Paris and 2-0 in Copenhagen. "I've said on a number of occasions that they are underrated as a team. We're talking about just a four-month period, we're not talking about a long period, it's between June and September where they beat us twice," France captain and keeper Hugo Lloris told a news conference on Friday. France started the Qatar tournament in style with a 4-1 win against Australia, but Denmark will be a sterner test at the 974 Stadium.

☆ Gareth Bale saves Wales to frustrate USMNT
▼ + stars: | 2022-11-21 | by ( Ben Church | ) edition.cnn.com time to read: +9 min

Matthew Ashton/AMA/Getty Images Walker Zimmerman fouls Wales' Gareth Bale in the box, conceding a second-half penalty that Bale would convert to tie the match at 1-1. Pedro Nunes/Reuters US fans stand for the national anthem prior to the Wales match. Stu Forster/Getty Images Wales' Neco Williams tries to fend off Weston McKennie on Monday. Francisco Seco/AP A family watches the opening match from their home in Doha. But just as all hope looked to have disappeared for Wales, Bale was clumsily brought down by Walker Zimmerman in the US box.

Their joint communique released by the U.S. Treasury late on Wednesday did give Japan something - but it was thin gruel. read more"Recognizing that many currencies have moved significantly this year with increased volatility, we reaffirm our exchange rate commitments as elaborated in May 2017," the G7 wrote. And, for the record, the 2017 phraseology was that excess volatility and disorderly currency moves have negative impacts on their economies and financial stability. read more"We cannot tolerate excessive volatility in the currency market driven by speculative moves," he opined after. The big question is whether this dollar surge is in fact a "short run" aberration or whether it is a more permanent feature of the global landscape.

To replace him, she appointed Jeremy Hunt, a former foreign and health secretary who had backed her rival Rishi Sunak in this summer's race to become Conservative Party leader. He is the fourth finance minister in as many months in Britain, where millions are facing a cost of living crisis. Kwarteng becomes Britain's shortest serving finance minister except for a predecessor who died suddenly in office in 1970. Christopher Chope, a veteran Conservative lawmaker and Truss supporter, said the party was now a laughing stock. "The markets have lost trust in the Conservative Party - and who can blame them?"

☆ Djokovic dazzles on return to action at Laver Cup
▼ + stars: | 2022-09-24 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

With Roger Federer watching on from courtside at a sold out O2 Arena, the day after his emotional farewell match alongside Rafa Nadal, Djokovic returned to action in spellbinding fashion. U.S. Open semi-finalist Tiafoe was helpless to stop the Djokovic onslaught as the Serb won 6-1 6-3 to put Bjorn Borg's Team Europe into a 6-4 lead overall. Register now for FREE unlimited access to Reuters.com RegisterFormer world number one Djokovic was due back on court later to partner Italian Matteo Berrettini in a doubles against Team World pairing Jack Sock and Alex De Minaur. At one point Federer suggested world number eight should serve and volley, which Norrie promptly did but lost the point as Fritz sent a lob over his head. "If Roger Federer is telling you to do something, there is no chance I'm not going to do it, especially out there playing for Team Europe," Norrie said later.

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