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U.S. stock index futures , , were little changed. The dollar was set to clock up its best winning streak since 2014, bolstered by a resilient run of U.S. economic data. In contrast, the yuan fell to its weakest level since 2007 on worries about China's slowing economy. "Everything is geared towards the next couple of weeks, with European Central Bank, Federal Reserve and Bank of England meeting. Stocks sought to stabilise after a week of easing, with the MSCI All Country stock index (.MIWD00000PUS) slightly weaker at 676.83 points, and down about 1.5% for the week so far, though still up nearly 12% for the year.
Persons: Toby Melville, Mike Hewson, Stocks, Patrick Spencer, Spencer, YUAN, Masato Kanda, Hirokazu Matsuno, Brent, Heekyong Yang, Shri Navaratnam, Tomasz Janowski, David Evans Organizations: London Stock Exchange Group, City of, REUTERS, Stocks, Apple, Investors, European Central Bank, Federal Reserve, Bank of England, CMC, U.S, Consumer, Baird, ANZ Bank, Treasury, Thomson Locations: City, City of London, Britain, China, United States, Europe, U.S, Seoul
This, regulators say, makes it harder for banks to cut costs and absorb losses in a downturn. But many bankers are expected to resist swapping guaranteed pay for potentially higher bonuses, which can swing wildly across economic cycles. UK Finance, the industry body for banks in Britain, did not respond to the public consultation, leaving individual members to comment if they wanted to. Others warned against overplaying the significance of bonuses in Britain's battle to grow its financial sector, still reeling from the loss of big-ticket listings, such as Arm Holdings. "Compensation is a small point in the grand scheme of things of a vibrant financial sector.
Persons: Toby Melville, Luke Hildyard, there'll, Suzanne Horne, Paul Hastings, Horne, Simon Patterson, Edelmann, Oliver Wyman, Sinead Cruise, Huw Jones, Tomasz Janowski Organizations: City of, Regulators, European Union, Bank of England, Financial, Bankers, Reuters, European Banking Authority, International Employment, Britain, EU, Finance, Arm Holdings, Thomson Locations: City, City of London, Britain, Banks, European, New York, Singapore, EU, Paris, Frankfurt, United States, Japan, Switzerland, London, Europe
This is a 90-minute movie that doesn’t have the bonkers ideas, imagery or attitude to justify the five-plus hours it asks us to pay. But you know, that first episode seemed like it was really up to and onto something. We’re taken inside the hothouse of American celebrity to watch as it wilts beneath the California sun. An important joke is that the horror filmmaker Eli Roth is here, jittering in a small, pretty decent part. And dramaturgically speaking — to quote Jeremy Strong, an actor I’d rather be watching on Sunday nights — “The Idol” is curiously inert.
Persons: WESLEY MORRIS I’m, Jim, it’s, Eli Roth, Tedros Tedros, Lolita ”, Jocelyn, LINDSAY ZOLADZ, I’m, Jeremy Strong, I’d, can’t, Rachel Sennott, Marnie Michaels, plopped, Joy Randolph Organizations: wilts
“Where this court once stood firm,” he wrote, “today it wilts.”In November, when the Supreme Court heard arguments in the Indian Child Welfare Act case, Justice Gorsuch questioned lawyers for the challengers vigorously, with flashes of anger and frustration. “That’s simply not true,” he said to one. To another, who had argued that there were sound reasons for doubting the wisdom of the law, he said, “the policy arguments might be better addressed across the street,” referring to Congress. His concurring opinion on Thursday recounted in ugly detail the cruel mistreatment of Native American children over the centuries. “In all its many forms, the dissolution of the Indian family has had devastating effects on children and parents alike,” he wrote.
Persons: , Gorsuch, “ That’s Organizations: Indian Child Welfare Locations: wilts,
Next week is Groundhog Day, not to mention the 30 th anniversary of the theatrical release of "Groundhog Day." The ensuing market retreat culminated in the October low at more than a 25% decline from the S & P's record high. Inflation is decidedly in retreat, fourth-quarter GDP was slow-ish but solidly positive, Fed officials did nothing to push back against market expectations for a quarter-point bump in rates next week. But none of the interim S & P 500 rallies in that period made it as far above the 200-day moving average as the index currently is. Yet even with obligatory macro scares and market switchbacks along the way, it doesn't mean investors necessarily remain stuck in the same old doom loop.
Goldman slams into unwelcome sort of volatility
  + stars: | 2023-01-17 | by ( John Foley | ) www.reuters.com   time to read: +4 min
NEW YORK, Jan 17 (Reuters Breakingviews) - The similarities between Goldman Sachs (GS.N) and Morgan Stanley (MS.N) are drawing attention to what makes them different. Investment banking fees halved year-on-year for each, though Goldman generated roughly 50% more from deal advice and underwriting stocks and bonds than its archrival. During the decade before he took over, Goldman traded at a premium to Morgan Stanley. Separately, rival Morgan Stanley reported earnings per share of $1.26 for the same three-month period, 37% less than for the same span in 2021, and slightly higher than analysts’ forecasts, according to Refinitiv. Goldman reported a $2 billion full-year loss for its new “platform solutions” division, which includes the credit card it offers alongside iPhone maker Apple.
How Samsung Could Climb Out of the Chip Price Pit
  + stars: | 2023-01-06 | by ( Jacky Wong | ) www.wsj.com   time to read: 1 min
South Korea’s Samsung Electronics has recorded an unexpectedly steep profit plunge as the memory-chip market wilts. How long the market slump lasts also depends on how quickly—or whether—the South Korean electronics giant changes its tune on its ambitious output growth plans. Samsung’s operating profit for the quarter ending in December dropped 69% from a year earlier to its lowest level since 2014, according to the company’s preliminary results released Friday. That was also much lower than analysts’ estimates on S&P Global Market Intelligence. The company will report full earnings later this month.
Jan 5 (Reuters) - St. Louis Federal Reserve leader James Bullard said Thursday the new year could finally bring some welcome relief on the inflation front. “During 2023, actual inflation will likely follow inflation expectations to a lower level as the real economy normalizes,” he said. That saw the central bank take its overnight short-term rate target from near zero levels in March to the current 4.25% to 4.50% range. Officials have said wherever they stop with rates they are likely to stay for a while as they ensure inflation pressures are easing. Bullard also said the job market remains “strong.”Reporting by Michael S. Derby; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
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".
It takes dozens of people, expensive robots, and fancy cameras to bring a fast food commercial to life. These crews use real food on set, so they have to film fast before it wilts. We visit The Garage in New York to see how the crew films ads for clients like Hershey's, Pepsi, and Domino's. But they use real food on set, so they work against the clock to film each take before it starts to wilt. We visit The Garage in Brooklyn, New York, to see how the crew films advertisements for clients like Hershey's, Pepsi, and Domino's.
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