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Amazon is requiring its workers to return to the office full time. He noted that the company's three-day-a-week policy, instituted in 2023, had only reinforced the view that a full return was necessary. Amazon joins a growing list of major U.S. firms returning to a five-days-a-week office policy, including Boeing, JP Morgan Chase and UPS. However, according to data from FlexIndex, a firm that tracks company office policies, a majority of U.S. firms still offer hybrid arrangements. "As we have grown our teams as quickly and substantially as we have the last many years, we have understandably added a lot of managers," Jassy said.

Persons: Andy Jassy, Jeff Bezos, Jassy, JP Morgan Chase, it’s, ” Jassy, It’s Organizations: Amazon, Boeing, UPS Locations: FlexIndex, U.S

☆ A stretch of Florida beaches has soared from a lesser-known gem to 'the Hamptons of the South'
▼ + stars: | 2024-08-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. A decade ago, those visitors were mostly from Southern cities within driving distance, like Atlanta and Nashville, local real-estate agent Beau Blankenship told Business Insider. Sunset over Rosemary Beach, Florida, in 30A. The boom, Stewart told Business Insider, had two inflection points. Advertisement"There'd be a few vacant lots, and then a house surrounded by trees and brush," he told Business Insider.

Persons: —, Mexico —, Beau Blankenship, It's, Rosemary, Barry Winiker, Blankenship, Alys, Christian Blouin, Kemp Stewart, Rosemary Beach, Stewart, Truman, Kemp, hasn't Organizations: Service, Panama City Beach, Business, Hamptons, Street, The New York Times, Management, BI Locations: Florida, Rosemary, Seaside, Santa Rosa, Mexico, Destin, Panama, Southern, Atlanta, Nashville, Salt Lake City , Utah , Colorado, Walton County, Rosemary Beach , Florida, Inlet Beach, Chicago, Montana, Santa Rosa Beach, Oklahoma, Alys

Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. "The labor market is no longer overheated, and conditions are now less tight than those that prevailed before the pandemic. Starting in the spring of 2022, the Fed raised interest rates to a level not seen in nearly two decades as it worked to combat soaring inflation. "Make no mistake, if the labor market shows signs of further cooling, the Fed will cut with conviction," Shah wrote. Lower interest rates will provide some relief to consumer borrowers, but it will not be immediate, according to Greg McBride, chief financial analyst at Bankrate.com.

Persons: Jay Powell, Powell, ” Powell, “, Seema Shah, —, Shah, Greg McBride, McBride Organizations: ”, Dow Jones, Nasdaq, midmorning, Market Committee, Management Locations: Jackson Hole , Wyoming, U.S

☆ Here’s why we eat popcorn at the movies
▼ + stars: | 2024-05-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

But the perfect (and very profitable) pairing of today wasn’t always the case: For many years, movie theaters wanted nothing to do with the snack. People watch movies in a newly reopened AMC River East theater on Aug. 20, 2020, in Chicago. Popular movies often bring collectible cups and popcorn buckets, or, in industry-speak, Collectible Concession Vehicles (CCVs). The cinema business will continue to evolve, but one thing will remain constant, said Gil of Queen’s University. “Theaters will stop playing movies before they will actually stop selling popcorn.”

Persons: “, Fred Astaire, Ginger Rogers, ” Paul Dergarabedian, Andrew F, ” Smith, Cracker Jack, ”, Smith, ’ ” Smith, hawkers, Peter Stackpole, John Aitkin, John Sr, Aitkin, Alicia Wallace, CNN It’s, Loren Williams, Alicia Reese, Ricard Gil, Jason Wambsgans, Gil, Wedbush’s Reese, Red Robin, ” Nels Storm, Garfield ”, Cory Ryan, Heather Morgan, Alamo’s, ” Andrew Sherburne, Christian Meoli, Camilla Meoli, ” Gil Organizations: Minneapolis CNN, CNN, AMC, Exposition, Bettmann, Riverview, “, Riverview Theater, Wedbush, Queen’s University, Chicago Tribune, Tribune, Service, Waffle, AMC Theatres ’, Walmart, Kroger, Alamo, University of Iowa’s, Cinemas Locations: Minneapolis, America, New England, South America, Philadelphia, Texas, South Minneapolis, Riverview, “ Kingdom, Canada, Chicago, Brooklyn , New York, Iowa City , Iowa, Seattle, Emerald, California

☆ Consumer advocates — and even some Realtors — hail NAR settlement: 'We've opened up the entire industry to competition'
▼ + stars: | 2024-03-24 | by ( Rob Wile | ) www.cnbc.com time to read: +6 min

Now, a landmark settlement with the National Association of Realtors is poised to upend this model. According to consumer advocates, and even some Realtors, it's a win for homebuyers and sellers. And in the months following Covid-19 pandemic reopenings, the hottest U.S. real estate markets were tipped squarely in favor of sellers. It's the same amount of money, but now the buyer gets money instead of a buyer agent, and they can decide what to do with it." What's more, greater competition for clients is likely to result in lower costs across the board, said Ryan Tomasello, a real estate industry analyst with the Keefe, Bruyette & Woods financial firm.

Persons: it's, Mariya Letdin, Letdin, they'll, Doug Miller, Miller, Ryan Tomasello, Keefe, Tomasello, Phil Crescenzo Jr, Crescenzo Organizations: National Association of Realtors, Realtors, homebuyers, Florida State University's College of Business, NBC News, U.S, NAR, Nation One Mortgage Corp Locations: Alhambra , California, Minnesota, Woods

☆ Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
▼ + stars: | 2023-11-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Peters now oversees Amazon Fresh and reports to ex-Tesco executive Tony Hoggett, who leads Amazon's physical stores business. Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. In addition to the Woodland Hills Fresh store, Amazon reopened locations in nearby Pasadena and Irvine this week, after redesigning two Chicago-area Fresh stores in August. Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer'Where's the butter located?' On Thursday, Amazon said it's opening the Fresh grocery delivery service to everyone in the U.S., after trials in a handful of cities.

Persons: Annie Palmer, Andy Jassy, Claire Peters, Peters, Tony Hoggett, Dilip Kumar, Stephenie Landry, Jeff Bezos, Amazon, Honey Grahams Organizations: Amazon, Woolworths, Amazon Fresh, Tesco, CNBC, Walmart, . Colorado, Medianews, los Angeles Daily, Getty, Citibank, Amazon Web, Woodland, Foods, Alexa Locations: Los Angeles, Woodland, ., Pasadena , CA, Woodland Hills, Amazon, Pasadena, Irvine, Chicago, U.S

☆ US Treasury increases size of most of its debt auctions
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Treasury yields fell after the announcement on relief the increases were not as large as some had feared. The Treasury said on Wednesday it plans to increase the size of its two-year and five-year note auctions by $3 billion per month, and to increase the size of its 3-year and 7-year note auctions by $2 billion and $1 billion per month, respectively. The government will also increase the size of its two-year floating rate note new issue and reopenings by $2 billion. Some Treasury Inflation-Protected Securities (TIPS) auction sizes will also be increased, with a $1 billion increase in the December 5-year TIPS auction and January 10-year TIPS auction.

Persons: Kevin Lamarque, Steven Ricchiuto, Karen Brettell, Herb Lash, Paul Simao, Andrea Ricci Organizations: Department of, U.S . Treasury, REUTERS, U.S . Treasury Department, Treasury, U.S, Mizuho Securities USA, Securities, Thomson Locations: Washington , U.S, New York, U.S

☆ Before the Fed decision, all eyes will be on this big Treasury debt announcement Wednesday
▼ + stars: | 2023-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Olivier Douliery | Afp | Getty ImagesAuctions of government debt, normally routine events for the Treasury Department, have suddenly become very important to financial markets. That's why an announcement Wednesday on refunding, entailing the size of auctions as well as the duration mix of the debt that will be issued, is expected to draw even more market interest. Indeed, the two entities are both pivotal in determining how the U.S. is going to manage its mammoth debt load. That symbiotic relationship will be on full display this week when the Treasury Department makes its refunding announcement Wednesday at 8:30 a.m. ET, and the Fed follows with its decision on interest rates that same day at 2 p.m.

Persons: Janet Yellen, Olivier Douliery, Josh Emanuel, Emanuel, Morgan Stanley, Stanley Druckenmiller, Druckenmiller, Alexander Hamilton, Paul Tudor Jones, she's, Dhingra, Thomas Simons Organizations: Treasury, Foreign Investment, United States, Treasury Department, Afp, Getty, Federal Reserve, Duquesne Capital, Robin Hood Foundation, Jefferies Locations: Washington ,, refunding, Wilshire, U.S

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ Cathay Pacific expects up to $576 mln first-half profit as demand jumps
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

Cathay Pacific booked record losses in the last three years as it parked much of its fleet during the pandemic amid COVID-related flight cancellations and drastic headcount cuts. As a result, its passenger load factor was 87.2% for the first half, compared with 59.2% last year. "Turning to July and August, on the travel side the outlook is encouraging," Cathay Pacific said. For fiscal 2023, Cathay Pacific is expected to log profit of HK$3.92 billion, according to a Refinitiv estimate, a huge swing from a HK$7.16 billion loss last year. ($1 = 7.8146 Hong Kong dollars)Reporting by Sameer Manekar in Bengaluru, additional reporting by Donny Kwok in Hong Kong; Editing by Sohini Goswami, Nivedita Bhattacharjee, Tom Hogue and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Hong, Sameer Manekar, Donny Kwok, Sohini Goswami, Nivedita Bhattacharjee, Tom Hogue, Jan Harvey Organizations: Cathay Pacific Airways, HK, Cathay Pacific, Cathay, Hong Kong, Association, Airlines, Hong Kong's, Thomson Locations: North America, Australasia, Hong Kong, Air China, Cathay Pacific, Bengaluru

☆ Some suburban women drawn to Ron DeSantis' presidential campaign over his support of reopening schools early in the pandemic jokingly call him 'Freedom Daddy'
▼ + stars: | 2023-07-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Ron DeSantis' 2024 campaign over school reopenings, per CNN. Some of these women have jokingly called the governor "Daddy DeSantis" and "Freedom Daddy," CNN reported. She watched DeSantis push for in-person learning early in the pandemic, and in the spring of 2021, remarked to the network that she was firmly behind the governor's position. "If DeSantis were to run tomorrow, he would win," Steinkamp told CNN at the time. Recently, a circle of like-minded friends Steinkamp amassed over the school reopening issue told CNN that they had jokingly referred to DeSantis as "Daddy DeSantis" and "Freedom Daddy."

Persons: Ron DeSantis, DeSantis, —, Vanessa Steinkamp, Steinkamp Organizations: CNN, Service, Gov, Democratic Locations: Florida, Texas

☆ The cult of Emily Oster
▼ + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com time to read: +30 min

Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.

Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, —, Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey

☆ Alibaba and more: Morgan Stanley names 5 global stocks with at least 50% upside
▼ + stars: | 2023-06-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Morgan Stanley expects five of its top Asia stock picks to rise by more than 50% over the next 12 months. Alibaba Alibaba Group, the Chinese technology giant that's also listed in the United States, is making significant progress in its restructuring process, according to Morgan Stanley. "The likelihood of generics being immediately released in May 2024 is low," Morgan Stanley analysts Shinichiro Muraoka and Jaeheon Lee said in a note to clients on June 12. Sea Despite the challenges from inflation and post-pandemic economic reopenings, Morgan Stanley still sees long-term potential in Sea Limited . JD.com Morgan Stanley highlighted JD.com , a leading Chinese e-commerce company, for its potential growth as Chinese consumer spending picks up.

Persons: Morgan Stanley, Morgan Stanley's, Morgan, Gary Yu, Astellas, Astellas Pharma Morgan Stanley, Shinichiro Muraoka, Jaeheon Lee, JD.com Morgan Stanley, Eddy Wang, Ping, Jenny Jiang Organizations: Asia, Alibaba, Street, Astellas Pharma, Ping An Insurance Locations: Asia, Asia Pacific, Japan, China, India, United States, U.S, Singapore

☆ Ron DeSantis praised Anthony Fauci for Covid response in spring 2020 for ‘really doing a good job’
▼ + stars: | 2023-06-01 | by ( Andrew Kaczynski | ) edition.cnn.com time to read: +6 min

And from Dr. Birx to Dr. Fauci to the vice president who’s worked very hard, the surgeon general, they’re really doing a good job. “Governor DeSantis would’ve fired Anthony Fauci.”In a news conference on Tuesday, DeSantis also acknowledged mistakes early in the pandemic. DeSantis, like Trump, later broke with Fauci over reopening Florida in July 2020, but he didn’t begin regularly harshly criticizing Fauci until spring 2021. Speaking at a news briefing on March 21, 2020, DeSantis made similar comments praising Fauci. “I would defer to people like Dr. Fauci,” DeSantis said on March 14, 2020.

Persons: Ron DeSantis, Donald Trump, Anthony, Fauci, DeSantis, “, ”, they’re, ” DeSantis, Birx, who’s, Trump, Bryan Griffin, ” Griffin, DeSantis would’ve, Anthony Fauci, I’ve, retweeting, Dan Scavino, didn’t, reopenings, we’ve, they’ve, we’re Organizations: CNN, Republican, “, National Institute of Allergy, Diseases, Trump Locations: Florida, Fauci, Iowa

☆ Travel won’t fully recover this year — but it will get close
▼ + stars: | 2023-05-08 | by ( Monica Pitrelli | Morgan Awyong | ) www.cnbc.com time to read: +3 min

The World Travel & Tourism Council says the global travel and tourism sector won't fully recover this year — but it will get close. The return of tourism jobsAnd this year, jobs in the travel and tourism sector will recover to 95% of 2019 levels, according to the report. In 2019, 334 million people worked in the travel sector — an all-time high, it said. By 2033, the WTTC forecasts the travel sector will employ some 430 million people around the world, representing nearly 12% of the global workforce. But "we can't expect that momentum to continue into 2023," according to a forecast published by the travel risk intelligence company Riskline.

☆ How Randi Weingarten Landed at the Heart of America’s Political Fights
▼ + stars: | 2023-04-28 | by ( Jonathan Mahler | ) www.nytimes.com time to read: +4 min

But Weingarten was friendly with McAuliffe from the Clinton days and was supporting his candidacy on Twitter and cable news, and the A.F.T. By the fall of 2021, America’s public schools were fully open, but mask mandates were still being hotly contested. gave more than $1 million to McAuliffe, and Weingarten even knocked on doors for him in Alexandria. The tabloid, which had been gleefully attacking Weingarten for years — dubbing her Whine-garten — trumpeted the story: “Powerful Teachers Union Influenced C.D.C. Senator Susan Collins of Maine grilled the C.D.C.’s director, Dr. Rochelle Walensky, at a committee hearing over what she called the C.D.C.’s “secret negotiations” with the teachers’ union.

☆ U.S. Education Secretary Cardona on transgender athletes, student debt, history lessons
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +5 min

TRANSGENDER YOUTH ATHLETESA recent Title IX proposed rule from the Department of Education prohibits outright bans in transgender athletes in sports, but allows schools to keep them from some teams. The Department of Education hopes to take feedback and have the rule finalized in time for the next school year, he said. "I do believe there are very deliberate attempts to attack public education so that a private voucher option sounds better," Cardona said. Florida is one of several states that have banned public schools from teaching "Critical Race Theory," an academic framework that teaches that racism is embedded in U.S. laws, policies and institutions. Cardona said he intended to double down on ensuring access to education for all students.

Similarly, the U.S. economy and stock markets tend to outperform during booms and draw in overseas investment that lifts demand for dollars. Surely times of great banking and credit stress should boost the greenback? And now we face a bout of severe banking stress alongside stubbornly high inflation that had almost all major central banks raising interest rates again over the past week despite the pretty clear underlying credit stress. JPMorgan's take on the stressed side of the dollar smile last week pointed out that "the underlying macro-financial pathology that necessitates lower yields is the primary determinant of dollar direction". Clearly, the dollar smile is no laughing matter.

☆ DoorDash is headed to Super Bowl, pushing its on-demand grocery business again. Here are 7 key moves it is making to dominate retail delivery after conquering restaurants.
▼ + stars: | 2023-02-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +13 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Fewer Treasury bills and liquidity questions – what to expect from the U.S. refunding
▼ + stars: | 2023-01-26 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

Jan 26 (Reuters) - The U.S. Treasury Department next week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory borrowing limit. Next week, the Treasury is likely to say that it will reduce its issuance of Treasury bills, debt that matures in one year or less, and run down its cash balance to buy more time. That is because the U.S. government wants to increase bills as a percentage of overall debt to meet its long-term goals. BofA’s Swiber said that Treasury buybacks, which the Treasury queried dealers about in a previous survey, are a better solution to boost liquidity during times of market stress. These “allow Treasury to more directly manage Treasury liquidity, to more directly manage the outstanding supply of securities and they can effectively buy back things that are cheap on the curve and help support liquidity in the more liquid parts of the curve as well,” she said.

☆ Luxury group Richemont's sales miss forecasts after China sales plunge
▼ + stars: | 2023-01-18 | by ( John Revill | ) www.reuters.com time to read: +2 min

Overall, Richemont's sales rose 8% to 5.4 billion euros ($5.82 billion) in the three months to the end of December, up from 4.98 billion euros a year earlier. The figure missed the 5.67 billion euros forecast by analysts. When currency movements were excluded, the company's sales increased by 5%. In Japan, sales increased by 30% during the quarter, aided by "solid" domestic sales and a gradual return of tourism. In Europe sales increased by 17% helped by strong local demand and returning tourists, particularly from the Middle East and the United States.

☆ Alcoa Appoints New CFO Amid Executive Reshuffle
▼ + stars: | 2023-01-11 | by ( Jennifer Williams-Alvarez | Colin Kellaher | ) www.wsj.com time to read: +4 min

Alcoa Corp. named a new finance chief amid a wider executive reshuffle as the aluminum producer faces soaring energy costs and volatile prices. Ms. Beerman succeeds current CFO William Oplinger, who will become chief operations officer next month after about six years in the top finance role. In addition, two executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring, Alcoa said. It will “ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer,” Chief Executive Roy Harvey said in a statement. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ Delhi fog delays flights, cold wave closes schools
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

"Due to dense fog, flight operations at Delhi Airport may get affected," it said on Twitter. It also said power lines could trip in areas with dense fog. Many private schools were to reopen on Monday. The lowest for Sunday was 3.8 degrees Celsius, which the IMD said was 3 degrees below normal for this time of year. A cold wave is declared in the plains of India when the minimum temperature dips to 4 degrees Celsius or falls 4.5 degrees below normal to 10 degrees Celsius or below.

☆ China's reopening from Covid won't be a straight path forward
▼ + stars: | 2022-12-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Hector Retamal | Afp | Getty ImagesBEIJING — As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic situation. Mainland China's daily Covid infections, mostly asymptomatic, surged to a record high above 40,000 in late November. Looking ahead, it's pretty clear that China's Covid policy is about to cross a turning point, said Bruce Pang, chief economist and head of research for Greater China at JLL. That means there may be a surge in Covid infections, and China's policy will never go back, Pang said. Goldman Sachs analysts expect China's reopening — defined as a shift away from lockdowns — to come in the second quarter of 2023, according to a separate report on Wednesday.

☆ FTSE Russell, Ping An jointly launch China ESG indexes
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 8 (Reuters) - Global index publisher FTSE Russell and Chinese financial conglomerate Ping An announced a partnership on Thursday to promote sustainable investment, launching a series of China indexes integrating environmental, social and government (ESG) considerations. The FTSE Ping An China ESG Index Series, which combines Ping An's China-specific ESG approach into FTSE Russell's China indexes, shows how Chinese and western institutions can join hands in sustainable investment, despite tensions over sensitive areas such as human rights and Communist Party control. The initial index launch will target onshore investors, but the multi-year partnership aims to ultimately serve international investors as well, said FTSE Russell, a unit of London Stock Exchange Group (LSEG.L). "It's really about leveraging the market-specific insights" that Ping An brings, said Helena Fung, Head of Sustainable Investment, APAC at FTSE Russell. In China, however, internet censorship is not factored into ESG considerations by domestic institutions.

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