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☆ Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar
▼ + stars: | 2024-04-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Last week, the country's central bank introduced a new gold-backed currency called Zimbabwe Gold, or ZiG, in an attempt to tame price gains that reached a seven-month high of 55% in March. The Zimbabwe dollar — the currency the country most recently used — has tanked 80% this year alone. AdvertisementOn Thursday, Zimbabwe's central bank governor, John Mushayavanhu, said the country has real gold and mineral assets to back up the new ZiG currency. The ZiG started trading on Monday at an exchange rate of 13.56 to the dollar set by the central bank. AdvertisementHowever, moving to the new ZiG currency could solve at least one problem, for a start: a shortage of US coins.

Persons: —, There's, John Mushayavanhu, Mushayavanhu, Hasnain Malik, Tellimer, Robert Mugabe Organizations: Service, Zimbabwe, Business, of America, BBC, New Development Bank, International Monetary Fund Locations: Zimbabwe, Zimbabwe's

☆ My dad was always an extreme penny-pincher, but his lessons helped me buy 2 homes on a teacher's salary
▼ + stars: | 2024-04-01 | by ( Elana Rabinowitz | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

My dad had many creative ways to save money, including zig-zagging all over NYC to avoid road tolls. Growing up, I learned the value of money from him, and I've applied his lessons over and over. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Following in my father's careful footsteps has allowed me to afford two homes and a new car, all on a teacher's salary. I love to travel, and, as a teacher, I'm able to take advantage of summers off.

Persons: I've, —, San Remo, I'd, I'm, doesn't Organizations: Service, New Locations: New York City, San, South America, South Africa, New York, Brooklyn

☆ How to fit in at dinner with a billionaire, according to an etiquette expert
▼ + stars: | 2024-03-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Etiquette coach Jamila Musayeva said it's best to go "unnoticed" for your manners in such places. The key, according to Jamila Musayeva, an etiquette coach, is to avoid standing out as new money or someone's plus-one when attending fancy dinners or galas. Here are Musayeva's etiquette do's and don'ts at exclusive events frequented by the wealthy. Related storiesAmericans typically use their knives and forks in a "zig-zag" way, said Musayeva, but that's seen as informal. At formal dinners, drink pairings are usually predetermined to match the food on the menu.

Persons: Jamila Musayeva, —, HBO's, Jamila, Musayeva, who's, you've, that's, It's Organizations: Service

☆ US Navy warships can defeat exploding naval drones today, but these deadly systems are evolving
▼ + stars: | 2024-03-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Ukraine has found success at sea by using naval drones packed with explosive to batter Russia. AdvertisementIn two conflicts separated by more than 1,000 miles, US friends and foes alike have turned to a deadly weapon to defeat their enemy's warships: small naval drones packed with explosives. The USS Dwight D. Eisenhower conducts flight operations in response to Houthi activity in the Red Sea on Feb. 23. In other words, there are ways that warships can protect against, evade, and ultimately defeat naval drones. Naval drones can potentially carry a large payload, and if they manage to get through undetected and hit a ship, "there could be significant damage."

Persons: —, Bradley Martin, Sam Tangredi, Ivan Lukashevych, Dwight D, Eisenhower, Tangredi, Archer Macy, Russia hasn't, Sergey Kotov, Macy, USVs, Martin, They're, Arleigh Burke, John Finn, Lewis, Clark, Cesar Chavez, AKE, Justin Stack, Shaan Shaikh, Shaikh Organizations: Former US Navy, Service, US Navy, AP, BI, Security Service, Former Navy, US, Sea Fleet, Ministry of Defense, Navy, Aircraft, Seahawk, Ruskin, Missile Defense, Center for Strategic, International Studies Locations: Ukraine, Russia, Yemen, Europe, Kyiv, Brig, Screengrab, Iran, —, Russian, Ukrainian, Crimea, Handout, Pacific, China, Washington, Beijing, Pearl, East China, they're

☆ Vertical farming: This GigaFarm in Dubai’s desert could produce 3 million kilograms of food
▼ + stars: | 2024-03-14 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —In 2022, Dubai unveiled the world’s largest vertical farm. Intelligent Growth Solutions (IGS)“Not just another vertical farm”GigaFarm’s vertical farming solution is supplied by IGS, a Scottish company founded in 2013. “This is not just another vertical farm, this is something completely different,” says Lloyd, adding that the recycling model could be applied to any urban area. And it’s not just the UAE that’s interested in vertical farming: Qatar is investing heavily in smart farming, and agritech companies are expanding into Saudi Arabia. However, it will take another decade before we see widespread adoption of vertical farming, and more research is required to increase the number of crops that can be grown, Sharma adds.

Persons: Dubai’s Al, it’s, Oliver Christof, “, Andrew Lloyd, you’ve, ”, Lloyd, AeroFarms, Lloyd —, It’s, ReFarm, Rohit Sharma, Sharma Organizations: CNN, Dubai’s Al Maktoum International Airport, UAE, UN, IGS, University of Wollongong Locations: Dubai, Dubai’s, Dubai’s Al Maktoum, Tech, Scottish, Abu Dhabi, UAE, Ukraine, Russia, Carrefour, Qatar, Saudi Arabia, East, Africa

☆ 'Black Swan' fund manager Mark Spitznagel expects the stock market to rally further before we hit the 'worst crash since 1929.' He explains how investors should think about their portfolios to survive
▼ + stars: | 2024-03-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The fund made headlines for returning 4,144% amid the 2020 stock market crash, an example of a so-called black-swan event. And when the market moves one way, we think that's going to happen forever." Spitznagel's main don'ts to mom-and-pop investors are; don't chase the market, don't time the market, don't place too much confidence in its current direction, and don't make decisions based on short-term Fed moves. Instead, build a portfolio that's positioned so that if the market goes down by 50%, you won't be squeezed. And if the market is up 50%, don't be the sucker that's going to buy up there", Spitznagel said.

Persons: Mark Spitznagel, Spitznagel, Ray Dalio, We're Organizations: Universa Investments, Business

☆ I'm an American who's lived in Nepal for 7 years. Adjusting to life here came with a steep learning curve.
▼ + stars: | 2024-02-20 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +5 min

Hayden Rue, an American traveler, shares what it's like to live in Nepal. AdvertisementThis as-told-to essay is based on a conversation with Hayden Rue, a 32-year-old expat who's lived in Nepal since 2016. Hayden Rue in Lumbini with World Bank Project. Hayden Rue in Patan Durbar Square. Hayden Rue lived in Kathmandu Valley when he first moved to Nepal.

Persons: Hayden Rue, Rue, —, who's, I've, Hayden, I'm Organizations: Service, Peace Corps, World Bank, Bank, Hayden Locations: American, Nepal, Salem , Oregon, West Coast, Lumbini, Patan Durbar, Kathmandu, Kathmandu Valley, Pokhara, Syangja, Khumai, Sri Lanka

☆ This legendary investor likes taking contrarian views — but only if they meet 3 criteria
▼ + stars: | 2024-02-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFrom Michael Burry's "Big Short" against the housing market to Warren Buffett's warnings during the dot-com bubble, some of the biggest names in finance have taken contrarian stances that paid off. Legendary forecaster Gary Shilling is also defying market consensus by warning the S&P 500 could crash 30%, and predicting a recession will strike this year. He told Business Insider in an interview he actively seeks to disagree with Wall Street for several reasons. This story is available exclusively to Business Insider subscribers.

Persons: —, Michael Burry's, Warren Buffett's, Gary Shilling, Shilling, Merrill Lynch's, John Paulson, doesn't, Copernicus, David Rosenberg, it's Organizations: Service, Business Locations: Newton

Home prices declined slightly in November while posting yearly gains, suggesting the housing sector has cooled somewhat heading into 2024. The house price decline came at a time where mortgage rates peaked, with the average Freddie Mac 30-year fixed rate mortgage nearing 8%, according to Federal Reserve data. But as more inventory comes on the market and mortgage rates remain elevated, sale prices may be beginning to wilt. That has led some analysts to say that the market could bounce back as the traditional spring buying season begins. The index tracks a three-month period when mortgage rates were zig-zagging and ended on a down note, said Danielle Hale, chief economist at Realtor.com.

Persons: ”, Brian Luke, San Francisco, Cleveland –, Luke, “, Freddie Mac, Selma Hepp, Danielle Hale Organizations: Dow Jones, Seattle, Cleveland, Midwest, Federal Reserve Locations: “, San, Miami, Tampa, Atlanta, Charlotte , New York

☆ CNN took an 11-day cruise through some of the most-contested waters on Earth. Here’s what we learned
▼ + stars: | 2023-12-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +23 min

China claims almost all of the 1.3 million-square-mile South China Sea as its sovereign territory. In daylight hours in the South China Sea, from Ottawa’s flight deck or outdoor bridge wings, Chinese warships are often visible to the naked eye. Aviator Gregory Cole/Canadian Armed Forces PhotoOn October 29, things take a potentially dangerous turn, one that could have cost lives and ratcheted up tensions in the South China Sea to new levels. Radar operators scan their instruments in a Canadian antisubmarine warfare helicopter over the East China Sea. Hammerhead targets drones await their fate on the deck of the frigate HMCS Ottawa in the South China Sea.

Persons: Sam Patchell, Jacob Broderick ,, Ben Hughes, Gregory Cole, he’s, “, King Neptune, Xi Jinping, Brad Lendon, Rafael Peralta, Collin Koh, ” Patchell, Patchell, Aviator Gregory Cole, ”, haven’t, Xi, Rob Millen, they’d, Long, Peralta, It’s, Qinetiq, Noble, That’s, Cmdr, Sean Milley, Christine Hurov, Wally Shirra, it’s, Wally Schirra, Loverboy’s, Australia’s, doesn’t, We’ll Organizations: HMCS, HMCS Ottawa CNN, Royal Canadian Navy, Canada, United, Naval Warfare Officers, Canadian Armed Forces, US Navy, Ottawa, CNN, Canada’s Defense Ministry, Chinese Communist Party, Coast Guard, Rajaratnam, of International Studies, People’s Liberation Army Navy, PLA Navy, United Nations, Ottawa's, Cyclone, Canadian, Royal Canadian Air Force, Chinese Defense Ministry, Pentagon, troika, Peralta, Brisbane, CNN Radio, New, New Zealand Navy’s, Cmdr, HMNZS Aotearoa, Australian, Southern Hemisphere, One Locations: HMCS Ottawa, Taiwan, Ottawa, China, United States, Canadian, South China, Gaza, Ukraine, East, Washington, Singapore, Beijing, Spratly, Vietnam, Philippines, Malaysia, Brunei, Chinese, South, East China, CNN Beijing, Canada, Gulf of Mexico, West Coast, Australian, Brisbane, Australia, Japan, New Zealand, Okinawa, replenishments, Aotearoa, American, Ottawa’s

☆ A 27-year-old Etsy seller who went from zero sales in his first 4 months to bringing in $10,000 in a single week explains the low-cost strategy he used to land his first sale
▼ + stars: | 2023-11-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

When Austin Ziegler decided to start selling 3D-printed products on Etsy, he knew very little about the marketplace. "I'd heard that if you make stuff at home, Etsy is a good platform to sell on," the 27-year-old engineer told Business Insider. "I didn't make a single sale in the first four months I had it on Etsy," said Ziegler, who opened his online shop, Ziggy Zig Designs , in April 2022. When he took a step back to evaluate his business he realized, "I have zero sales on Etsy, I'm a brand new company, I have no reviews. His ornament even did $10,000 worth of sales in one week in 2023, which Insider verified by looking at screenshots of his Etsy dashboard.

Persons: Austin Ziegler, I'd, he'd, Ziegler, Zig, I'm, Etsy, Joe Reeves, Reeves, that's, Austin Ziegler Reeves, he's Organizations: Business, Amazon

☆ The stock market will 'zig-zag' 5% higher toward new record levels in December, Fundstrat says
▼ + stars: | 2023-11-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is poised to jump 5% in December to test record highs, according to Fundstrat's Tom Lee. But it won't be a straight line higher, and the upcoming jobs and inflation reports could spark a temporary sell-off. AdvertisementThe stock market is poised to "zig-zag" towards record highs in December, with the S&P 500 rising 5% to 4,800, according to a Monday note from Fundstrat's Tom Lee. October personal consumption expenditures price data, set to be released on Thursday, should be "soft" and help drive stocks initially higher, according to Lee. But any stock market declines on the November jobs and inflation reports will likely be short-lived and Lee recommends investors buy the dip.

Persons: Tom Lee, Lee, —, Jerome Powell Organizations: Service, Federal Reserve, General Motors, Ford, Fed

☆ A 27-year-old who built a side hustle 3D printing products to sell on Etsy did $10,000 in sales in one week. He explains the steps he took before coming up with bestselling product ideas.
▼ + stars: | 2023-11-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

That's when he listed what would become his next best-selling product: a gas can ornament with a compartment for stashing cash. He built seller credibility by listing inexpensive products to drive sales and reviewsWhen the first product Ziegler listed — the battery cases — didn't sell, he shifted his strategy. Ziegler's first product that hit: a travel soap box. Instead of abandoning the idea, Ziegler thought about ways he could make his product stand out. Now that he has a handful of bestselling items, though, "I'm doing a lot more Etsy fulfillment and a lot less design."

Persons: Austin Ziegler, Ziggy Zig, he's, — he's, Ziegler, I'm, It's, He's Organizations: Ziggy Zig Designs, Business Locations: Hawaii

☆ A 27-year-old who brings in up to $16,000 a month 3D printing ornaments and other products explains how he built a side hustle selling on Etsy
▼ + stars: | 2023-11-22 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

The very first product Ziegler listed for sale fell into the latter category. "So then I started just 3D printing products and trying to sell them on Etsy." Ziegler started his 3D printing business, Ziggy Zig Designs, with two Prusa printers and filament. He also bought 3D printing filament and downloaded a design software called SolidWorks . He shipped two more 3D printers to his place in Portland and cut his trip short to assemble the printers and start fulfilling orders.

Persons: Austin Ziegler, Ziegler, " Ziegler, Zig, Rollo, I'm, Etsy, Long Organizations: Business, YouTube Locations: Portland, Hawaii, Spokane , Washington

After the data, the S&P 500 spent the morning zig-zagging between red and green. U.S. benchmark 10-year yields rose after the inflation data and rose further to hit a session high after the auction. The rise in yields particularly pressured rate-sensitive sectors such as utilities (.SPLRCU) and real estate (.SPLRCR), often viewed as bond proxies. Homebuilding stocks fell after the data and came under more pressure after the afternoon increase in bond yields. Traders now expect a stronger chance the Fed will end up delivering another interest-rate hike this year, and keep rates higher for longer next year.

Persons: Brendan McDermid, Treasuries, Michael James, James, Susan Collins, Israel, Sinéad Carew, Amruta, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Dasgupta, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Wedbush Securities, Nasdaq, Dow Jones, Traders, Boston, Market, JPMorgan Chase, Citigroup, Ford, United Auto Workers, UAW, Thomson Locations: New York City, U.S, Los Angeles, Gaza, Wells Fargo, New York, Bengaluru

☆ Striking photos of the Ukraine war's front-line trenches echo scenes from the World Wars
▼ + stars: | 2023-08-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Ukrainian and Russian forces have dug sprawling trenches along the front lines of the war. The trenches echo scenes from bloody combat of World War 1 and World War 2. Take a look at photos comparing trench warfare in Ukraine today and the historic World Wars. These winding trenches hinder advances by enemy troops and protect defenders, zig-zagging and crossing the battlefield, and in some respects, they're strikingly reminiscent of scenes of trench warfare from World War I and World War II, showing the enduring presence of this type of fighting. The following photos show the front-line trenches in Ukraine today, where the most devastating land war in decades is being fought, and those of two of the 20th century's worst conflicts.

Organizations: Service Locations: Ukraine, Wall, Silicon, Bakhmut, French

☆ Vingegaard marches towards Tour de France title as Pogacar explodes
▼ + stars: | 2023-07-19 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

[1/3] Cycling - Tour de France - Stage 17 - Saint-Gervais Mont Blanc to Courchevel - France - July 19, 2023 AG2R Citroen Team's Felix Gall celebrates as he crosses the finish line to win stage 17 REUTERS/Stephane MaheCOURCHEVEL, France, July 19 (Reuters) - Jonas Vingegaard made a giant stride towards a second consecutive Tour de France title when crash-hit rival Tadej Pogacar cracked in the toughest stage of the race on Wednesday. What was a 10-second gap two days ago is now an unbridgeable 7:35 gap after Pogacar huffed and puffed over the line more than five minutes behind Jumbo-Visma leader Vingegaard. "I'm relieved to have more than seven minutes but we're not in Paris yet, there's some tricky stages left, still," said Vingegaard. Vingegaard slowed down and zig-zagged through to continue his demolition work until the line, which he crossed with a big smile on his face. Also why do they let cars pass us when the gap between the groups of riders is just 15 seconds?"

Persons: Gervais Mont, Team's Felix Gall, Stephane Mahe COURCHEVEL, Jonas Vingegaard, Tadej Pogacar, Vingegaard, la, Felix Gall of Austria, Saint Gervais, I'm, Pogacar, Benoot, Marc Soler, Griescha Niermann, Jonas, Thibaut Pinot, Julien Pretot, David Goodman, Mike Harrison Organizations: de, de France, UAE Emirates, Thomson Locations: Gervais Mont Blanc, Courchevel, France, Saint, Paris

☆ They climbed mountains to escape Nazis. Now their great grandchildren are making the same journey
▼ + stars: | 2023-07-16 | by ( Oliver Briscoe | ) edition.cnn.com time to read: +7 min

CNN —Over the ridge of the mountain, across the border was the promised land, the neutral territory Spain – an escape, a second chance, a future. During World War II, a perilous route through the Pyrenees mountains provided a means for hundreds of thousands of resistance fighters, civilians, Jews, allied soldiers and escaped prisoners of war to evade Nazi pursuers. Sitting down with them, Tim reflected on how this human drama played out against the backdrop of America’s role in bringing an end to World War II. Born July 9, 1923, he made his escape over the Pyrenees in July of 1944. Although Franco was sympathetic to Germany, Spain remained neutral during World War II, largely because of its dependence on US imports.

Persons: ”, Paul Williams, Richard Christenson, Ruth, Marie Janiszewski, Oliver Briscoe Formally, Luke Janiszewski, “, ’, Kathryn, Marie, Luke, Jake, “ I’d, Tim, Christenson, Oliver Briscoe, Paul Broué, Broué, Guy Seris, ” Seris, Franco’s, Franco, Frank McNichol, Joseph McNichol, ” McNichol, ” Joseph McNichol, Joseph McNichol McNichol Organizations: CNN, SS, Freedom Trail Association, Joseph McNichol US Air Force, Floridian Locations: Spain, Nazi, France, Europe, France’s Ariege, Baltimore, England, French, Seix, Germany, Spanish, Isaba

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

☆ The Italian beaches putting a daily cap on summer visitors
▼ + stars: | 2023-06-01 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +9 min

“We can no longer afford thousands of daily sunbathers all squeezed in one spot as in the past, it’s unsustainable.”Four beaches are affected. Cala dei Gabbiani and Cala Biriala both now have a daily cap of 300 visitors in place, while Cala Goloritze has a limit of 250 visitors per day, and Cala Mariolu, the largest of the beaches, has a daily limit of 700 people. Visitors to Cala Goloritze, which is only accessible by foot or boat, will be charged an entrance fee of six euros (US$6.5.) The entrance fee for Cala Goloritze can either be paid online, or with cash at the entrance to the inlet. Beach towel banBeach towels will not be permitted at La Pelosa Beach in Stintino, Sardinia this summer, according to local authorities.

Persons: ” Stefano Monni, Cala Biriala, Cala Goloritze, Cala Mariolu, Beachgoers, Legambiente, it’s, ”, Monni, Cala Mariuolo, he’s, pelosi, We’ve, Stintino’s, Rita Limbania Vallebella, they’d, ” Keen, Alberto Pizzoli, Filippo Mannino, Martello, Mannino, Isola, “ Organizations: CNN, Cala Locations: Sicily, Sardinia, Orosei, Baunei, Ogliastra, Cala, Italian, sunbathers, La Pelosa, Stintino, La, Isola, Italy, Pelosa, Saline, Isola dei, Lampedusa, Pelagie, AFP, Martello, Giglio, Isola del Giglio, Tuscany

☆ What to do if you see an alligator and how to survive an attack, according to a wildlife expert who keeps pet gators
▼ + stars: | 2023-05-29 | by ( Graham Flanagan | ) www.businessinsider.com time to read: +5 min

If an alligator bites you, don't try to pry its jaws open. But, in reality, alligators don't often attack humans. Alligators don't eat peopleAlligators have been lurking in Earth's waters for tens of millions of years. Don't try to run in a zig-zag pattern, as that'll just take you longer to go farther. Don't try to pry open the jaws.

☆ Family offices move to 'risk on' with plans to load up on stocks, private credit
▼ + stars: | 2023-05-08 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

At a time when many investors are pulling back, family offices are moving into "risk on" mode, with plans to buy more stocks and alternative investments this year, according to a new survey. Nearly half (48%) of family offices plan to buy stocks this year, according to Goldman 2023 Family Office Investment Insight Report. "Family offices, for the most part, are really risk-on for the next 12 months," said Meena Flynn, co-head of Global Private Wealth Management at Goldman. The family offices surveyed have 12% of their assets in cash, slightly higher than 2021 levels. "The concept of staying invested is very important to the family office community.

☆ Stocks are set for more volatility as the 'unlucky 13' months of strong job growth complicates the Fed's mission to cool the economy
▼ + stars: | 2023-05-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

A blowout jobs report and could make the Fed's job of tamping down inflation harder. The April US jobs report showed nonfarm payrolls grew by of 253,000 and a fall in the unemployment rate to 3.4%. Wages are key to the Fed's inflation outlook, and April brought a 0.5% rise in average hourly pay – the biggest monthly increase in a year. "This is a market that's really going to struggle. "It's too early to assess the likelihood of an additional Fed rate hike in mid-June, but this latest jobs report will push the excessively data-dependent Fed towards further tightening – a mistake in our view."

☆ How Russia has fortified parts of Ukraine ahead of a possible counteroffensive
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

A map shows all the locations in Russia, along its border with Ukraine, and in Russian-held Ukraine, where the American Enterprise Institute found any kind of fortification built by Russia. Four maps show when the fortifications built by Russian along its border with Ukraine and in Russia-held Ukraine were first spotted on satellite imagery. In December 2022 and January 2023, fortifications appeared inside Russian regions and more parts of occupied Ukraine. Russian forces have dug many such trenches along what they see as key roads and junctions, and outside strategic cities, Africk said. A zoomed-in map shows fortifications around several towns such as Tokmak, Bilmak and Mykhailivka, along plain terrain and along major roads in Russian-held Ukraine.

☆ Russia digs in as Ukraine prepares to attack
▼ + stars: | 2023-04-27 | by ( Tom Balmforth | ) www.reuters.com time to read: +9 min

And in the case of Polohy, Russia has constructed two distinct defensive lines, one to the north and one to the south. Musiyenko estimated that Ukraine would have a force of between 100,000-110,000 for an attack, including eight assault brigades with a total of 40,000 troops. Russia has not said how many troops it has in Ukraine, or within its borders ready to deploy. A leaked U.S. intelligence document dated Feb. 28 seen by Reuters said the West had committed 200 tanks to Ukraine. Army chief Valeriy Zaluzhnyi said in December he needed 300 to defeat Russia, along with other vehicles and artillery.

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