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☆ 'Old friend': Henry Kissinger meets China's Xi Jinping in second surprise Beijing talks
▼ + stars: | 2023-07-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Former U.S. Secretary of State Henry Kissinger helped broker talks between then-U.S. President Richard Nixon and China's Mao Zedong, paving the way for normalized relations. Veteran U.S. diplomat Henry Kissinger met with Chinese President Xi Jinping Thursday during a surprise visit to Beijing, according to state media. The 100-year-old former U.S. Secretary of State was hosted by the Chinese premier at the Diaoyutai State Guesthouse, CCTV said in an online post. However, Reuters reported that the White House said Kissinger was not visiting China on behalf of the U.S. government. Kissinger's talks with Xi were his second unexpected meeting of the week, after the former diplomat spoke with China's Defense Minister Li Shangfu on Tuesday.

Persons: Henry Kissinger, Richard Nixon, China's Mao, Xi Jinping, Kissinger, Xi, Kissinger's, Li Shangfu Organizations: U.S, Veteran U.S, State, Xinhua, Google, U.S . State Department, Reuters, White, ., China's Defense Locations: Beijing, Diaoyutai State, China

☆ New York woman sentenced in 'catfish' extortion bid of CEO
▼ + stars: | 2023-07-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

At her sentencing Wednesday, Blackwood was also ordered to serve three years of supervised release for the attempted shakedown, which spanned six months in 2022. A New York woman was sentenced to time already served in jail for cyberstalking in a case where she was accused of " catfishing " a mystery high-profile CEO of a publicly traded corporation. Prosecutors in a court filing said Blackwood tried to extort the victim by threatening to "falsely tell the world" that the man "has sex with a minor." Blackwood also ramped up pressure on the victim in late April 2022 by "using Twitter to tweet veiled threats at the Victim," prosecutors wrote. "For many months, the defendant kept the Victim suffering from the constant fear that his life would be ruined.

Persons: Furman, Blackwood, Jess Furman, Sakoya Blackwood, —, Blackwood's, Michael Tremonte, Tremonte, Ms Organizations: US Marshals Service, Manhattan Federal, Manhattan U.S, Bronx, Prosecutors, Harvard, CNBC Locations: Manhattan, United States, Jamaica, New York, Brooklyn, cyberstalking

It has already taken aim at meatpacking, ocean shipping and consumer junk fees. "We cannot accept bad mergers that lead to mass layoffs, higher prices and fewer options for workers and consumers," Biden said. Hannah Garden Monheit, the new director of Competition Council Policy at the National Economic Council, told Reuters the administration would "use all the tools that we have" to curb anti-competitive practices. [1/2]U.S. President Joe Biden speaks as he convenes a meeting of the White House Competition Council in the State Dining room at the White House in Washington, U.S., July 19, 2023. Biden has repeatedly called for federal agencies, Congress and private companies to address surprise fees that can jack up consumers' cost by 20%.

Persons: Joe Biden, Biden, I've, Hannah, Monheit, Sean Heather, Evelyn Hockstein Morgan Harper, Harper, Elizabeth Warren, Andrea Shalal, Diane Bartz, Leah Douglas, Leslie Adler, Heather Timmons, Daniel Wallis, Diane Craft Organizations: White House Competition Council, WASHINGTON, White, Biden, House, Competition, National Economic Council, Reuters, U.S . Chamber of Commerce, Competition Council, REUTERS, Consumer Financial, Bureau, American Economic Liberties, Big Tech, Google, Democratic, Federal Trade Commission, Department of Agriculture, D.C, Thomson Locations: U.S, Washington , U.S, Washington

July 19 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The disconnect between Asia and the rest of the world has widened recently, and correlations between the MSCI Asia ex-Japan index and leading U.S. and global indexes are the weakest in about a month. Bulls in Asia will be hoping some of that momentum drives local trading on Wednesday. The MSCI Asia equity index ex-Japan is up 4.6% this year, significantly underperforming the MSCI World index, S&P 500 and Nasdaq which are up 17%, 19% and 38%, respectively. Disappointing second quarter growth figures this week pushed the Chinese economic surprises index to its lowest in more than three years.

Persons: Jamie McGeever, John Kerry, Li Shangfu, Henry Kissinger, Pita Limjaroenrat, Josie Kao Organizations: Bulls, Nasdaq, Bank of America, Bank of New York Mellon, Biden, Thomson, Reuters Locations: Asia, Japan, U.S, China, Beijing, Thailand, Zealand

☆ U.S. national being held in North Korea after crossing border, UN says
▼ + stars: | 2023-07-18 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A U.S. national may be in North Korean custody after crossing the inter-Korean border without authorization, the U.N. Command said on Twitter Tuesday. The person was touring the Joint Security Area — a site at Panmunjeom in the Demilitarized Zone used by North and South Korea for diplomatic engagements and negotiations. The U.S. and North Korea do not currently have formal diplomatic relations. An U.S. travel advisory note urges U.S. nationals not to travel to North Korea "due to the continuing serious risk of arrest and long-term detention." The incident takes place on the same day as a U.S. nuclear submarine visited South Korea for the first time since the 1980s, arriving at the port of Busan, according to the U.S. forces in South Korea.

Organizations: U.S, Command, Twitter, National, Democratic People's, U.S ., NBC News, White Locations: North, Panmunjeom, South Korea, Democratic People's Republic of Korea, DPRK, U.S, North Korea, An U.S, Busan

☆ BlackRock to expand proxy voting choice to retail ETF investors
▼ + stars: | 2023-07-17 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo(Reuters) - The world’s top asset manager BlackRock said it will offer proxy voting choices to U.S. retail investors of its biggest exchange-traded fund, expanding a strategy that could blunt criticism of how the firm considers environmental, social and governance (ESG) matters. Investors will not be able to specify votes in specific company elections. While many clients will rely on the votes BlackRock will continue to cast, “consistent with our fiduciary duty as an investment manager, others want the choice to participate in proxy voting more directly,” said Joud Abdel Majeid, Global Head of BlackRock Investment Stewardship, in a statement. Rivals including State Street and Vanguard have their own programs to devolve proxy voting rights.

Persons: Carlo Allegri, BlackRock, Glass, ”, Joud Abdel Majeid Organizations: REUTERS, BlackRock, New, Services, Glass Lewis, managements, Investment, Rivals, State, Vanguard, Republican Locations: BlackRock, Manhattan, New York City , New York, U.S, New York, Republican U.S

☆ Old Cold War tool could help in new era of tension
▼ + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.

Persons: Joe Biden, Hung Tran, Li Qiang, –, Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, ’, Russia, Britain, Canada, Australia, South Korea

☆ US, South Korea, Japan hold missile defence drill after North's ICBM launch
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

[1/3] Hwasong-18 intercontinental ballistic missile is launched from an undisclosed location in North Korea in this image released by North Korea's Korean Central News Agency on July 13, 2023. Washington and its Asian allies have been working to improve their information-sharing system on North Korea's missiles. South Korea and Japan are independently linked to U.S. radar systems but not to each other's. The exercise aimed at mastering the allies' response to a North Korean ballistic missile launch with a scenario featuring a virtual target, the military said. The North's ICBM launch was denounced by the U.S., South Korea and Japan, though Pyongyang has rejected the condemnation, saying it was an exercise of its right to self-defence.

Persons: Sunday's, Soo, hyang Choi, William Mallard Organizations: North, Korean Central News Agency, KCNA, REUTERS, Aegis, South Korean Navy, Thomson Locations: North Korea, REUTERS SEOUL, U.S, South Korea, Japan, Pyongyang, Washington, Korean

☆ How a Vast Demographic Shift Will Reshape the World
▼ + stars: | 2023-07-16 | by ( Lauren Leatherby | ) www.nytimes.com time to read: +18 min

1990 Younger populations Workingage Older populations For decades, the world’s dominant powers have benefited from large working-age populations that help drive economic growth. Russia U.K. France Pakistan Pakistan China China U.S. U.S. Japan U.S. Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan Pakistan China China U.S. U.S. U.S. Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C.

Persons: That’s, ”, Mikko Myrskylä, Max Planck, Carolina Cardona, Philip O’Keefe, –, O’Keefe, Myrskylä, “ We’ve, “, aren’t, Mr Organizations: Korea Germany Italy Russia United, France, France Pakistan Pakistan China China U.S ., U.S, China India Nigeria D.R.C, France Pakistan Pakistan China China U.S . U.S, France Pakistan, France Pakistan China U.S . U.S, for Demographic Research, Youth, Niger, Dem, Central African Rep, Herzegovina Bulgaria Croatia Czech Rep, Denmark Estonia Finland France Germany Greece, Denmark Estonia Finland France Germany Greece Hungary Ireland, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo, Macedonia Norway Poland Portugal Moldova Romania, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern America, New Zealand, New, Benin Botswana Burkina Faso Burundi Cameroon Central African Rep, Chad Comoros, Congo Ivory Coast Dem, Johns Hopkins University, Aging, ARC Center of Excellence, Aging Research, World Bank, Spain Taiwan, Young, Korea, Spain, “ Locations: Japan, Western Europe, South Korea, Britain, Eastern Europe, China, Europe, India, East Asia, Florida, United States, South, Southeast Asia, Africa, Korea Germany Italy, Korea Germany Italy Russia United States France China Thailand United Kingdom, South Korea Brazil Colombia China Thailand Iran Myanmar Vietnam Bangladesh Indonesia, South Africa Myanmar Indonesia Bangladesh Philippines Pakistan Kenya Indonesia Egypt Ethiopia, Russia, France Pakistan Pakistan China China U.S, France Pakistan Pakistan China China U.S . U.S, Japan U.S, Japan China India India India Nigeria Nigeria Ethiopia D.R.C, Indonesia Indonesia Brazil Brazil Brazil, China Japan India Brazil, Pakistan France China U.S, Japan India Nigeria Brazil Indonesia, Pakistan U.S, China India Nigeria, Ethiopia Brazil Indonesia, France Pakistan Pakistan China China U.S . U.S . U.S, Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C, France Pakistan China, France Pakistan China U.S . U.S . U.S, Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C, Congo Somalia, Angola Tanzania Nigeria, Afghanistan Ethiopia Tajikistan Kenya, Asia, Oceania, Kenya, Demographically, South Asia, Singapore, Albania, Austria Belarus Belgium Bosnia, Herzegovina Bulgaria, Denmark Estonia Finland France Germany, Denmark Estonia Finland France Germany Greece Hungary, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo Latvia Lithuania Netherlands, Macedonia Norway Poland Portugal, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine, Eastern Asia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern, Canada, States Australia, New, Australia, New Zealand, Saharan Africa, Angola, Benin Botswana Burkina Faso Burundi Cameroon, Congo, Congo Djibouti, Guinea Eritrea Eswatini Ethiopia Gabon Gambia Ghana Guinea Guinea, Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mauritius Mozambique Namibia Niger Nigeria Rwanda Senegal Sierra Leone Somalia South Africa South Sudan Togo Uganda Tanzania Zambia Zimbabwe, Aging Asia, Pacific, America, “, Hong Kong, Italy, Spain, Spain Taiwan Greece, Singapore Slovenia Thailand Germany, Mainland China Finland Japan Netherlands Canada, Hong Kong South Korea, Singapore Slovenia Japan Thailand Germany, Mainland China Finland Netherlands, U.N, Korea Japan Spain, Korea Japan, France, West, East, Vietnam

☆ US Republican 2024 hopefuls defend Ukraine support at Iowa conservative forum
▼ + stars: | 2023-07-14 | by ( James Oliphant | ) www.reuters.com time to read: +4 min

[1/2] Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Council Bluffs, Iowa, U.S., July 7, 2023. Senator Tim Scott of South Carolina both argued that it remains vital for the United States to push back against Russian aggression. The United States has provided billions of dollars worth of weapons to Ukraine following Russia's February 2022 invasion. Pence appeared visibly frustrated by Carlson's assertions that the United States lacked a national interest in the Ukraine war. The ultimate goal for the United States, DeSantis added, should be "a sustainable peace in Europe," but he was not specific about how achieve that.

Persons: Donald Trump, Scott Morgan, Joe Biden, Tucker Carlson, Mike Pence, Tim Scott of, Vladimir Putin, Pence, Scott, Ron DeSantis, Putin, DeSantis, Vivek Ramaswamy, Trump, Biden, Nikki Haley, Carlson, Iowa's, James Oliphant, Ross Colvin, Will Dunham Organizations: U.S, Republican, REUTERS, Republican U.S, Ukraine, Family, Democratic, former Fox News, United, NATO, America, U.S ., Biden, Trump, Reuters, Republicans, Capitol, Thomson Locations: Bluffs , Iowa, U.S, Iowa, Russia, Des Moines, Tim Scott of South Carolina, United States, Ukraine, United, Florida, Europe

☆ Capital One Venture vs. Chase Sapphire Preferred: Which is right for you?
▼ + stars: | 2023-07-13 | by ( Ariana Arghandewal | ) edition.cnn.com time to read: +13 min

Here’s a look at the Capital One Venture vs. Chase Sapphire Preferred. Capital One Venture vs. Chase Sapphire PreferredFirst, let’s take a look at all the key details of these two cards side-by-side:Capital One Venture Rewards Credit Card Chase Sapphire Preferred Card Welcome bonus 75,000 bonus miles after spending $4,000 on the card in the first three months. The Capital One Venture and the Chase Sapphire Preferred are two popular rewards credit cards that offer a variety of benefits to cardholders. Getty ImagesThe Chase Sapphire Preferred has better travel and purchase protections than the Capital One Venture. Capital One Venture Rewards Credit Chase Sapphire Preferred Card Extended warranty Yes.

Persons: Chase, We’ll, you’re, Chase doesn’t, United MileagePlus, Wyndham Organizations: CNN, American Express, Chase, Capital, One Venture, Venture, Chase Sapphire Preferred, Chase Sapphire, Rewards, Hertz, Sapphire, TSA Precheck, Preferred, Rapid, Hyatt, Sapphire Preferred, Air France, KLM, Blue, Air Canada Aeroplan, British Airways Executive Club, Emirates Skywards, Singapore Airlines, Turkish Airlines Miles, Aeromexico Club Premier Air Canada Aeroplan Air France, British Airways Executive Club Cathay, Asia Miles Emirates, Etihad, Finnair, Qantas Frequent Flyer Singapore Airlines KrisFlyer TAP Air Portugal Turkish Airlines Miles, Smiles, Airlines Aer Lingus AerClub Air Canada Aeroplan Air France, KLM Flying Blue British Airways Executive Club Emirates, JetBlue, United, Virgin Atlantic Flying, Travel, Auto, Chase Capital Locations: Air, Hawaii, United, Iberia

☆ Fact Check-No evidence Fox News analyst Juan Williams hired by Ron DeSantis campaign
▼ + stars: | 2023-07-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Online posts have circulated the claim that Fox News analyst Juan Williams was hired by Republican U.S. presidential candidate Ron DeSantis’ campaign team. Both Fox News and Ron DeSantis’ campaigns have said there is no truth to online posts claiming Williams is joining the Florida governor’s presidential campaign team. A tweet said: “Presidential hopeful Ron DeSantis has hired former Fox News contributor Juan Williams to his campaign management team” (here). There is no mention of plans to join the DeSantis campaign on Williams’ official Twitter or Facebook accounts (twitter.com/TheJuanWilliams) and (here). As of July 12, 2023, both Fox News and DeSantis’ team told Reuters there is no truth to claims that Fox News analyst Juan Williams was hired by the Florida governor’s presidential campaign.

Persons: Juan Williams, Ron DeSantis ’, Williams, Ron DeSantis, “, ” Connor Smith, Bryan Griffin, ”, DeSantis, Read Organizations: Fox News, Republican U.S, Florida, ”, Facebook, Fox, “ Fox, Fox News Media, Reuters, Twitter

July 13 (Reuters) - A group of Republican U.S. state attorney generals on Thursday warned the country's largest companies that certain workforce diversity policies could be illegal in light of the U.S. Supreme Court's decision effectively striking down affirmative action in higher education. The attorney generals urged the companies to abandon race-based quotas or preferences in hiring, promotion and contracting and threatened legal action "sooner rather than later" if they do not. "Companies that engage in racial discrimination should and will face serious legal consequences," the attorney generals wrote. They were joined by the attorney generals of Indiana, South Carolina and Missouri, among others. But in Thursday's letter, the attorney generals said well-intentioned race discrimination is still illegal.

Persons: Kris Kobach, Jonathan Skrmetti, Harvard University's, Neil Gorsuch, George Floyd, Daniel Wiessner, Alexia Garamfalvi, Alistair Bell Organizations: Republican, U.S, Companies, Apple Inc, Microsoft Corp, Uber Technologies Corp, Harvard, University of North, Federal, Thomson Locations: Republican U.S, U.S ., Kansas, Tennessee, Indiana , South Carolina, Missouri, Albany , New York

Data suggests recession risks remain high, but wages and U.S. and European interest rates are also still rising - so stick or twist? Here are five big calls investors are now making. Principal Global Investors chief global strategist Seema Shah said she maintained her view that government bonds would do well with recession still likely by year-end. Reuters Graphics4/ FRAGILE CHINASpluttering data, property market woes and meek economic stimulus have also busted new year bets of a Chinese mini-boom. Principal Global Investors' Shah said she still expected commodities to continue to struggle "because a combination of U.S. slowdown plus China slowdown should mean weak demand."

Persons: Bonds, Francesco Sandrini, Seema Shah, JP Morgan, Trevor Greetham, Florian Ielpo, Athanasios Vamvakidis, Morgan Stanley, Shah, Naomi Rovnick, Marc Jones, Alun John, Dhara Ranasinghe, Mark Potter Organizations: Treasury, Investors, Reuters, Global Investors, Royal London Asset Management, Lombard, Swiss, Bank of America, Fed, FX, JPMorgan, Thomson Locations: bitcoin, Europe's, British, tatters, Japan, CHINA

NEW YORK, July 12 (Reuters) - A bipartisan group of U.S. lawmakers introduced legislation this week directing the Biden administration to allow oil refiners to purchase compliance credits for U.S. biofuel blending laws at a lower, fixed cost compared to the open market. The proposal would reduce rising compliance costs associated with the U.S. Renewable Fuel Standard (RFS) and aim to help struggling refineries stay afloat at a time of great flux in the global energy markets, lawmakers said. Oil refiners argue the mandates are pricey, while biofuel proponents like ethanol producers and corn farmers like the obligations because it increases the market for their products. Renewable fuel credits traded at $1.54 each on Tuesday after the bill came out, down from $1.56 prior, traders said. Credits traded on Wednesday between $1.55 and $1.56 each amid U.S. government data release.

Persons: Biden, refiners, ”, Chris Coons, Bob Casey, Brian Fitzpatrick, Joe Biden's, Stephanie Kelly, Susan Heavey Organizations: YORK, U.S . Renewable, Democratic, Republican U.S, Republican, Thomson Locations: U.S

☆ Analysis-New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'
▼ + stars: | 2023-07-10 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

(Reuters) - A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an “anti-woke” business agenda even as such ideas struggle for legislative backing. Ashcroft acted after Republican lawmakers failed to pass a similar measure during the state’s legislative session that ended on May 12, amid infighting over which bills should be prioritized. Concerns over costs, bureaucracy and economic fallout led to bills stalling or passing in weakened form even in so-called red states, where Republicans dominate state government. Several corporate attorneys said other Republican officials may adopt Ashcroft’s playbook and act on their own. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January.

Persons: Shannon Stapleton, John “ Jay ” Ashcroft, Ashcroft, “, ” overreach, Ashcroft’s, ”, Beth I.Z, Boland, Lardner, Larry Fink, ’ Ashcroft, ” Ashcroft, can’t, Dan Mehan, Lance Dial, Chuck Gray, West, Ron DeSantis, Walt Disney Organizations: Reuters, Republican U.S, REUTERS, Merriam, Webster, Strategy, “, Foley, Republicans, Morningstar, BlackRock, state’s, Representatives, Republican, Missouri Chamber of Commerce, Missouri, Florida Locations: Missouri, Appleton City , Missouri, U.S, Boston, Wyoming, ESG

☆ Analysis: New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'
▼ + stars: | 2023-07-10 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

Ashcroft acted after Republican lawmakers failed to pass a similar measure during the state's legislative session that ended on May 12, amid infighting over which bills should be prioritized. Concerns over costs, bureaucracy and economic fallout led to bills stalling or passing in weakened form even in so-called red states, where Republicans dominate state government. Several corporate attorneys said other Republican officials may adopt Ashcroft's playbook and act on their own. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January. EXTRA ARROWSFinancial executives who so far have avoided the strongest laws worry that the possibility of executive or administrative actions, as in Missouri, gives state officials flexibility to keep up the pressure.

Persons: Shannon Stapleton, Walt Disney, Missouri's, John " Jay, Ashcroft, Ashcroft's, Beth I.Z, Boland, Lardner, Larry Fink, Dan Mehan, Lance Dial, Chuck Gray, West, Ron DeSantis, Ross Kerber, Greg Roumeliotis, Anna Driver, Matthew Lewis Organizations: REUTERS, Walt, Republican U.S, Merriam, Webster, Strategy, Foley, Republicans, Morningstar, BlackRock, Reuters Graphics, Reuters, state's, Representatives, Republican, Missouri Chamber of Commerce, Missouri, Florida, Thomson Locations: Appleton City , Missouri, U.S, Missouri, Boston, BLK.N, Wyoming, ESG

☆ UAW to open contract talks with Detroit Three automakers on Thursday
▼ + stars: | 2023-07-10 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] UAW President Shawn Fain talks with the media after chairing the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan U.S. March 27, 2023. REUTERS/Rebecca CookJuly 10 (Reuters) - The United Auto Workers union said on Monday it will open contract talks with Detroit's Big Three automakers starting on Thursday, ahead of the mid-September expiration of the current four-year labor deal. UAW President Shawn Fain has said repeatedly that the UAW wants to eliminate the two-tier wage system under which new hires earn as much as 25% less than veterans. Instead, UAW leaders will meet with auto workers on Wednesday at three Detroit-area plants to mark the beginning of talks. The White House said it has named adviser Gene Sperling as a "point person" on the UAW automaker labor talks.

Persons: Shawn Fain, Rebecca Cook, Detroit's, Fain, Ford, Jim Farley, Chuck Browning, Farley, Joe Biden, Biden, Gene Sperling, David Shepardson, David Gregorio, Matthew Lewis Organizations: Detroit , Michigan U.S, REUTERS, United Auto Workers, Detroit's Big, Chrysler, Ford Motor, General Motors, UAW, GM, Detroit Free Press, U.S, Ford, South Korea's SK, Thomson Locations: Detroit , Michigan, Detroit, Washington

WASHINGTON, July 9 (Reuters) - Republican U.S. presidential candidate and Florida Governor Ron DeSantis said on Sunday he would take steps to revoke China's permanent normal trade relations status if he won the 2024 White House race. The U.S. Senate voted in 2000 to grant that status to China as it prepared to join the World Trade Organization. The status is a legal designation in the United States for free trade with a foreign nation. 1 geopolitical threat this country faces," DeSantis added in the interview. Reporting by Kanishka Singh; Editing by Scott Malone and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Ron DeSantis, DeSantis, Janet Yellen, Donald Trump, Kanishka Singh, Scott Malone, Andrea Ricci Organizations: Republican U.S, Florida, White, Fox News, U.S, Senate, World Trade Organization, Treasury, Republican, Thomson Locations: China, United States, U.S, Taiwan, Washington, Beijing, Chinese, Cuba

☆ Here's the salary Americans say they need to feel financially secure
▼ + stars: | 2023-07-09 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

To feel comfortable or financially secure, Americans need a salary of roughly $233,000 a year on average, Bankrate found. Although 1 in 3 Americans say low pay is the reason they don't feel secure, other factors are adding to the anxiety. Why Americans don't feel financially secureThe biggest contributors to Americans' financial insecurities may be things outside of their control. Other factors include the economic environment, which 48% of survey respondents cited, and rising interest rates, cited by 36% of respondents. As for retirement savings, 60% of Americans say they don't have a retirement-specific savings account, according to a recent NerdWallet survey.

Persons: Bankrate, Sarah Foster, Bankrate's, Foster, That's, wouldn't Organizations: Federal Locations: U.S

☆ A.I., rate cuts and Japan's rebound: Asia stocks are looking 'much more promising' than U.S. peers
▼ + stars: | 2023-06-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. At first glance, Asian stocks as a whole have more modest gains so far this year compared with their U.S. and European counterparts. But Asia is more economically diverse than Europe and the U.S., and there are still bright spots in the region, especially in Japan and South Korea. In April, the BOJ announced it will conduct a "a broad-perspective review of [its] monetary policy," which could span 12-18 months. But Lombard Odier still expects the BOJ to end the yield curve control policy before this review is over.

Persons: Kazuhiro Nogi, Nomura, Daniela Gombert, bode, Gombert, Kazuo Ueda, Ueda, Lombard Odier, Morgan Stanley, Google's Bard, Ernie Bot, Lombard, Marco Barresi, Barresi Organizations: Bank of Japan, Afp, Getty, U.S, Asia, Nomura, Nikkei, Bank of, Private, U.S . Federal, Chips, Lombard Odier Locations: Tokyo, Asia, Europe, U.S, Japan, South Korea, India, Southeast Asia, Bank of Japan, Indonesia, A.I, OpenAI, Taiwan, China

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. In India, fans are happy to pay a premium for quality entertainment, according to Owen Roncon, chief of business for Live Entertainment at BookMyShow. In Britain, about 150,000 music fans paid 340 pounds ($431)for a ticket to June's Glastonbury festival to see Elton John and hundreds of other acts.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Elton John, Jason Cairnduff, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, REUTERS, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Glastonbury, Somerset, Britain, Malaysia, Australia, India, Leeds, Kuala Lumpur, Bangalore

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. Event prices in UK inflation data are based on when shows take place, not when tickets are bought. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. The U.S. Labor Department does not specifically measure inflation for concert prices, but the inflation rate for live performing admission events is currently 2.6 percentage points more than U.S. headline inflation.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Elton John, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Malaysia, Australia, India, Britain, Leeds, Glastonbury, Kuala Lumpur, Bangalore

☆ Morning Bid: World markets calm after Russia drama
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +5 min

More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. For Russian markets themselves, the rouble slipped to 15-month lows - but it too had been falling last week as oil prices ebbed. Largely now isolated from western investment, Russian stocks fell about 1%. U.S. Treasury yields slipped lower, perhaps with a smidgen of a safety bid from the weekend events helping too. Turkey's lira slid again to record lows after the central bank took steps to simplify rules governing lenders' holdings and foreign deposits after a sharp but underwhelming interest rate rise last week.

Persons: Mike Dolan, uneasily, Vladimir Putin, Leonardo, Raphael Bostic, James Bullard, Loretta Mester, Ed Osmond Organizations: Wall, Saab, Rheinmetall, Brent, . U.S, Treasury, Bank for International Settlements, HSBC, Dallas Federal, Central Bank, Central Banking, Atlanta Federal Reserve, St Louis Fed, Cleveland Fed, PMI, Thomson, Reuters Locations: U.S, Ukraine, Moscow, Shanghai, Europe, United States, ., Canary Wharf, London, Sintra, Portugal

☆ Who are the Republican candidates running for president?
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +6 min

June 22 (Reuters) - At least 11 Republican candidates have announced that they will try to win their party's nomination to take on Democratic President Joe Biden in the November 2024 election. DONALD TRUMPTrump, 77, announced his election campaign last November as he faced criticism from within his Republican Party over his support for far-right candidates who were defeated in the midterm elections. She attracts about 4% support among Republican voters. DOUG BURGUMDoug Burgum, who is serving his second four-year term as North Dakota's governor, launched his campaign earlier this month. WILL HURDFormer U.S. Representative Will Hurd, who was among the few Republicans who criticized Trump when he was president, is one of two Black candidates in the 2024 Republican race.

Persons: Joe Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, MIKE, Pence, Trump's, NIKKI HALEY, Haley, TIM SCOTT, Scott, VIVEK RAMASWAMY, Ramaswamy, CHRIS CHRISTIE, Chris Christie, ASA HUTCHINSON, Hutchinson, DOUG BURGUM Doug Burgum, FRANCIS SUAREZ, FRANCIS SUAREZ Miami Mayor Francis Suarez, Suarez, WILL HURD, Representative Will Hurd, Hurd, Katharine Jackson, Ross Colvin, Frances Kerry Organizations: Republican, Democratic, Republican Party, New, Twitter, Trump, Walt Disney Co, Ukraine, U.S . Capitol, Constitution, Republican White House, Christian, United Nations, Biden, TIM, Black Republican U.S, Reuters, New Jersey, ASA, White House, Microsoft, FRANCIS SUAREZ Miami Mayor, Cuban, WILL HURD Former U.S, Representative, CIA, Intelligence, Thomson Locations: New York, Florida, U.S, South Carolina, Arkansas, Southern, South Florida, East, South Asia

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