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☆ Analysis: Credit markets see less risk of recession, earnings may challenge that
▼ + stars: | 2022-09-23 | by ( Karen Brettell | ) www.reuters.com time to read: +5 min

“Credit spreads are too tight, they are not adequately reflecting the risk of recession. Leveraged loans and junk bonds are high-risk corporate debt. Their borrowing rates have been held in check by solid liquidity while default rates are near historical lows and not seen likely to spike significantly near-term. Earnings were better than expected in the second quarter on average, but higher rates and slowing growth are expected to make a bigger dent in profits soon, which could bring rating downgrades and higher default risk. “For now the credit market's still taking comfort from in place fundamentals and a slow pace of deterioration.

☆ Iran's Raisi says "acts of chaos" unacceptable
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterIran's President Ebrahim Raisi addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 21, 2022. REUTERS/Shannon StapletonNEW YORK, Sept 22 (Reuters) - Iran has freedom of expression, but the protests happening now are unacceptable "acts of chaos", Iran's President Ebrahim Raisi said on Thursday, adding that he had ordered a probe into the death of a young woman that sparked bloody demonstrations. "Rights issues must be considered all around the world with a single standard," Raisi told a news conference on the sidelines of the United Nations General Assembly. "There is freedom of expression in Iran ... but acts of chaos are unacceptable." Register now for FREE unlimited access to Reuters.com RegisterReporting by Parisa Hafezi; writing by John Irish, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

☆ Osaka pulls out in Tokyo with abdominal pain
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

"I am really sorry that I am not able to compete today," said the four-time Grand Slam champion, who won the tournament when it was last held in 2019 in her hometown of Osaka. "It's an honour to be able to play at the Toray Pan Pacific Open in front of the amazing fans here in Japan. This has and always will be a special tournament for me and I wish I could have stepped on court today, but my body won't let me." Brazil's Haddad Maia will face either fourth seed Veronika Kudermetova or Mexican qualifier Fernanda Contreras Gomez in the quarter-finals. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sudipto Ganguly in Mumbai; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

☆ Fraudsters likely stole $45.6 billion from U.S. COVID unemployment insurance program
▼ + stars: | 2022-09-22 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonWASHINGTON, Sept 22 (Reuters) - Fraudsters likely stole $45.6 billion from the United States' unemployment insurance program during the COVID-19 pandemic by applying tactics like using Social Security numbers of deceased individuals, a federal watchdog said on Thursday. Register now for FREE unlimited access to Reuters.com Register"We determined 205,766 Social Security numbers of deceased persons were used to file claims for UI (unemployment insurance) pandemic benefits," the report added. The United States' jobless aid program started in 2020 in the early days of the coronavirus outbreak. The United States is probing many fraud cases pegged to U.S. government assistance programs, such as the Paycheck Protection Program, unemployment insurance and Medicare. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kanishka Singh in Washington; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Wayne LaPierre, CEO of the National Rifle Association (NRA), speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. REUTERS/Shannon Stapleton/File PhotoNEW YORK, Sept 22 (Reuters) - A federal appeals court on Thursday ordered the dismissal of a National Rifle Association lawsuit accusing a New York regulator of stifling its speech by pressuring banks and insurers to stop doing business with the gun rights group. A lower court judge in March 2021 dismissed all claims apart from two free speech claims against Vullo, but the appeals court said those should have also been dismissed. The NRA, which is incorporated in New York, faces a separate investigation by state Attorney General Letitia James into alleged corruption within the group. The case is National Rifle Association of America v Vullo, 2nd U.S.

REUTERS/Shannon StapletonUNITED NATIONS, Sept 21 (Reuters) - The United States and Iran clashed on security and human rights on Wednesday, with Iran's president demanding U.S. guarantees to revive the 2015 Iran nuclear deal and the U.S. president vowing Tehran would never get an atomic bomb. Register now for FREE unlimited access to Reuters.com Register"There is a great and serious will to resolve all issues to revive the (2015 nuclear) deal," Raisi told the U.N. General Assembly. In 2018, Trump withdrew the United States from the nuclear deal and unilaterally reimposed sanctions that have hobbled Iran's economy. "We have before us the experience of America's withdrawal from the (deal)," Raisi said. "The Islamic Republic considers the double standards of some governments in the field of human rights as the most important factor in the institutionalization of human rights violations," Raisi said in a text of his speech released by his office.

☆ Hazardous 'forever chemicals' are in our water, food, and air. Here are 6 simple ways to reduce exposure at home.
▼ + stars: | 2022-09-17 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Hazardous "forever chemicals" called PFAS are contaminating drinking water, food, and air. It may be impossible to completely avoid PFAS, but there are a few simple ways to reduce your exposure. Even if you can't completely dodge PFAS, there are a few easy ways to reduce exposure in your daily life. A 2019 study found that people had lower PFAS levels in their blood after eating at home, and higher levels after eating fast food or at restaurants. A few types of water filters can diminish PFAS levels, though they may not completely remove the chemicals from the water.

[1/4] A Hyundai auto plant is seen from inside a Greyhound bus outside of Montgomery, Alabama, U.S., August 13, 2008. REUTERS/Shannon StapletonLUVERNE, Alabama, July 22 (Reuters) - A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker's assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some cases as young as 12, have recently worked at a metal stamping plant operated by SMART Alabama LLC, these people said. In a "human rights policy" posted online, Hyundai says it forbids child labor throughout its workforce, including suppliers. Many of the minors at the plant were hired through recruitment agencies, according to current and former SMART workers and local labor recruiters.

☆ How Black Friday became a $9 billion holiday spending extravaganza where shoppers fought each other for discount TVs — and why it's now dying out
▼ + stars: | 2018-11-21 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

"Consumers have been shopping strategically this season: Buying early and taking advantage of deals retailers have been promoting since late October," Adobe Digital Insights Director Taylor Schreiner said at the time. "Black Friday still remains a major online shopping day, but the surge in online shopping is coming from the less marketed days of the season." An empty shopping cart stands outside a Target store during a Black Friday sales event in Westbury, New York. Shannon Stapleton/ReutersSource: InsiderKatie Canales contributed to an earlier version of this article.

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