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SYDNEY, July 24 (Reuters) - Australia Treasurer Jim Chalmers said on Monday the country's first budget surplus in 15 years would be even larger than first forecast. Chalmers said the budget surplus for the financial year just past was likely to be a little over A$20 billion dollars, well up from the A$4.2 billion projected in the May budget as first flagged last month. The surplus will be short-lived, with deficits forecast this financial year and next due to rising interest bills and spending on disability care, health and defence. Chalmers reiterated forecasts for economic growth to slow this year. Barrett was an ambassador to the OECD, and, like Chalmers, served as chief of staff to former Treasurer Wayne Swan.
Persons: Jim Chalmers, Chalmers, Chris Barrett, Barrett, Wayne Swan, Lewis Jackson, Alasdair Pal, Sonali Paul Organizations: SYDNEY, Commission, OECD, Thomson Locations: Canberra, Australia, China, Sydney
NEW YORK, July 23 (Reuters) - It is Barbie’s world, and U.S. small businesses hope their social-media marketing can help them cash in on it. But as Mattel-licensed Barbie marketing and products flood big companies' stores, hotel suites and social media posts, small firms also seek to capitalize on the hype. “Small businesses may look at the Barbie promotions and dream of that kind of budget and mass brand awareness,” said Brianne Fleming, an adjunct marketing instructor at University of Florida. MoonFire, an arts boutique based in Dallas, Texas, hosted a Barbie-themed collaboration in person with ten small businesses selling hot-pink, Barbie-inspired products. So, for small businesses, the strategy is to be a quick follower,” he said.
Persons: Barbie, “ Barbie, Inditex’s Zara, , Brianne Fleming, there's, Iris, Wilglory Tanjong, Kimberly Wagner, Ken, Mica Garbarino, “ Barbie ”, Walker Smith, Smith, , gatekeepers, Josie Kao, Nick Zieminski Organizations: YORK, Google, Mattel, University of Florida, Monday, Kailyn, Thomson Locations: Malibu, Friday’s, Airbnb, Instagram, New York City, New York, Blue Curacao, grenadine, Dallas , Texas, Soho, Kailyn Rhone
HONG KONG/TAIPEI, July 21 (Reuters) - Investors are putting aside geopolitical tensions to pile in to Taiwan stocks, with foreign inflows the biggest in years, thanks to soaring artificial intelligence and chipmaking stocks. Rather, investors say it's all the more sturdy as the bogged-down conflict deters Chinese action and risks can be managed by keeping positions liquid with one eye on a possibly quick exit. "A potential escalation of events in the Taiwan Strait down the line is less relevant for these investors," he said. "So that makes Taiwan’s AI supply chain very attractive for foreign investors, and we believe their fund inflows will continue to be strong throughout the year." Investors say Taiwan's market is uniquely positioned to benefit because it is exposed to the sector's growth from applications to components, where demand is rebounding.
Persons: Carlos Casanova, Warren Buffett, we've, Frank Benzimra, Hai, Andrew Swan, Goldman Sachs, Clarence Chan, Summer Zhen, Kim Coghill Organizations: Nasdaq, Union Bancaire, Taiwan Semiconductor Manufacturing, Societe Generale ., Accton Technology, Hai Precision Industry, Wistron Corp, Alchip Technologies, Ark Investment Management, Vanguard, PineBridge Investments, Mellon Investment Management, Thomson Locations: HONG KONG, TAIPEI, Taiwan, Asia, Ukraine, Taiwan Strait, China, Taipei, Japan, PineBridge Investments Asia, Alchip, Asia Pacific, Hong Kong
Clashes in Kenya over tax hikes
  + stars: | 2023-07-19 | by ( Dave Lucas | ) www.reuters.com   time to read: 1 min
Young cygnets and swans are counted and have their health assessed during the 'swan upping' census on Britain's River Thames, in a tradition that dates back to the 12th century when swans were an important food source.
Persons: Young cygnets
Raging wildfires spread in Greece
  + stars: | 2023-07-19 | by ( Dave Lucas | ) www.reuters.com   time to read: 1 min
Young cygnets and swans are counted and have their health assessed during the 'swan upping' census on Britain's River Thames, in a tradition that dates back to the 12th century when swans were an important food source.
Persons: Young cygnets
Donald J. Trump and his allies are planning a sweeping expansion of presidential power over the machinery of government if voters return him to the White House in 2025, reshaping the structure of the executive branch to concentrate far greater authority directly in his hands. Their plans to centralize more power in the Oval Office stretch far beyond the former president’s recent remarks that he would order a criminal investigation into his political rival, President Biden, signaling his intent to end the post-Watergate norm of Justice Department independence from White House political control. Mr. Trump and his associates have a broader goal: to alter the balance of power by increasing the president’s authority over every part of the federal government that now operates, by either law or tradition, with any measure of independence from political interference by the White House, according to a review of his campaign policy proposals and interviews with people close to him. Mr. Trump intends to bring independent agencies — like the Federal Communications Commission, which makes and enforces rules for television and internet companies, and the Federal Trade Commission, which enforces various antitrust and other consumer protection rules against businesses — under direct presidential control.
Persons: Donald J, Trump, Biden Organizations: White House, Justice Department, White, Federal Communications Commission, Federal Trade Commission
Investors would be forgiven if talk of a potential suicide risk associated with a new class of diabetes and weight loss drugs led to skittishness last week. Prior attempts to treat overweight or obese patients with medications were often plagued with side effects and drug recalls. The first is that most obesity drugs, including GLP-1s, are "centrally acting," which means they work on a patient's brain. The second is that prior obesity drugs have been withdrawn because of high rates of psychiatric disorders, he said, citing Sanofi's Acomplia as one of the more recent examples. This was not the case for the GLP-1 medications.
Persons: skittishness, Eli Lilly's Trulicity, Lilly's, Wolfe, Tim Anderson, Anderson, Sanofi's Acomplia, Eli Lilly, Wolfe's Anderson, Colin Bristow, Lilly, LLY's, Peter Verdult, Wegovy, Verdult, Bristow, Emmanuel Papadakis, Papadakis, — CNBC's Michael Bloom Organizations: Nordisk's Ozempic, Wall Street, European Medicines Agency, EMA, Wolfe Research, FDA, UBS, Citi, Novo Nordisk, Deutsche Bank, Prevention Locations: United States, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXRP surges after win in court battle with SEC, and ex-CEO of Celsius arrested: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cory Klippsten of Swan Bitcoin reacts to the arrest of Celsius' former CEO, and a ruling in the court battle between the SEC and Ripple.
Persons: explainers, Cory Klippsten, Swan Organizations: SEC, CNBC Crypto, CNBC
Chinese hackers intent on collecting intelligence on the United States gained access to government email accounts, Microsoft disclosed on Tuesday night. In a blog post, Microsoft said about 25 organizations, including government agencies, had been compromised by the hacking group, which used forged authentication tokens to get access to individual email accounts. Hackers had access to at least some of the accounts for a month before the breach was detected, Microsoft said. The new intrusion involved far fewer email accounts and did not go as deep into the targeted systems, Microsoft officials said. Nevertheless, having access to government email for a month before being detected could allow the hackers to learn information useful to the Chinese government and its intelligence services.
Organizations: United, Microsoft Locations: United States
Ms. Reynolds is said to have tired of Mr. Trump, and she reacted with disbelief to his comment that she owed him her governorship, according to people familiar with her thinking and her response. Before Mr. Trump’s latest visit to Iowa on Friday, a behind-the-scenes standoff played out for days over whether Ms. Reynolds would join him. Ms. Reynolds has said she will make an effort to appear with whomever invites her, but an aide said she had not actually been invited. The relationship with Mr. DeSantis, who has privately courted Ms. Reynolds for many months, has been strikingly different. They banter with a degree of familiarity and friendship that Mr. DeSantis rarely flashes with other politicians.
Persons: Reynolds, Trump, , Trump’s, DeSantis, Kim, Ron Organizations: Mr, Biden, America, Republican Party, Trump Locations: Iowa
I am a ballet dancer and a Black man, in that order. I left the United States to train at the Bolshoi Ballet Academy in Moscow at age 15 so that people would see my skill first and not my skin. My nearly 12 years dancing for the American Ballet Theater could not have been more different. Back in the United States, my skin color seemed to snap into the spotlight. The leadership of the American Ballet Theater does not agree with the way I am characterizing my tenure with the company.
Persons: Monet, Janis Joplin, fakir, Harlequin Organizations: Bolshoi Ballet Academy, American Ballet Locations: United States, Moscow, Russia, “ Swan, “ La
Silicon Valley is bracing for what it fears will be an "extinction event" threatening the survival of hundreds of startups. Tom Loverro, a investor at 40-year-old Bay Area venture capital firm IVP, has been loudly warning for months on Twitter and in media interviews about a coming "mass extinction event" for startups. The total volume of venture capital investment into US startups has slumped for six consecutive quarters, according to data firm Pitchbook. Even a last-ditch slashing of the startup's prospective valuation — a "down-round," in Silicon Valley parlance — didn't whet investors' appetites. Over the past year, many startups that rely on Silicon Valley funding have been steeling themselves for the slowdown to avoid similar fates.
Persons: , they're, Jennifer Neundorfer, That's, Tom Loverro, Loverro, Consuelo Vanderbilt, Vanderbilt, Cameron Lester, I've, Lester, Linda Ahrens, Ahrens, Unown, " Ahrens, Anna Dittrich, Plastiq, Vincent Harrison, Elad Gil, Steve Brotman, Brotman, Will Hawthorne, VC's, Mike Ryan, Pitchbook's Harrison, Sell, Hawthorne Organizations: Ventures, Sequoia Capital, , Venture, Twitter, United States Federal Reserve, Jefferies, January Ventures, Alpha Partners, Avid Capital, Sugar, Menlo, BulletPoint Network Locations: Silicon, Sequoia, IVP, Valley, Instacart, Navan, Boston, Snowflake, America
The political network established by the conservative industrialists Charles and David Koch has raised more than $70 million for political races as it looks to help Republicans move past Donald J. Trump, according to an official with the group. With some of this large sum to start, the network, Americans for Prosperity Action, plans to throw its weight into the G.O.P. The network spent nearly $500 million supporting Republican candidates and conservative policies in the 2020 election cycle alone. Two groups closely affiliated with Charles Koch contributed $50 million of the more than $70 million that has been raised. Mr. Koch is a major shareholder in Koch Industries, which contributed $25 million to Americans for Prosperity Action, according to a preliminary draft of Federal Election Commission filings.
Persons: Charles, David Koch, Donald J, Trump, Charles Koch, Koch, Emily Seidel, Organizations: Prosperity, Koch Industries, Republican
On the recording, Mr. Trump can be heard rustling through papers and describing for his guests a “secret” plan regarding Iran that he said had been drawn up by Gen. Mark A. Milley, the chairman of the Joint Chiefs of Staff, and the Defense Department. Mr. Trump was describing the document in an effort to rebut an account that General Milley feared having to keep him from manufacturing a crisis with Iran in the period after Mr. Trump lost his re-election bid in late 2020. Ms. Harrington, one of Mr. Trump’s most aggressive defenders on Twitter, did not respond to questions about whether she is one of the voices talking on the recording as Mr. Trump appears to show a piece of paper. Ms. Harrington; Ms. Martin, who worked for Mr. Trump in the White House; and the other participants in the meeting could be important witnesses if Mr. Trump’s case goes to trial, since they can provide firsthand descriptions of what he was showing as he discussed the Iran plan. A lawyer for Ms. Martin declined to comment.
Persons: Trump, Mark, Milley, Mr, Harrington, Martin, Trump’s, , Bret Baier Organizations: Joint Chiefs of Staff, Defense Department, Mr, Twitter, Fox News Locations: Iran
At his first town-hall event in New Hampshire, Gov. Ron DeSantis of Florida talked on Tuesday about illegal immigration in Texas, crime in Chicago, disorder on the streets of San Francisco and the wonders of nearly every aspect of Florida — a state he mentioned about 80 times. Mr. DeSantis’s comments seemed to especially resonate when he connected his actions at home to issues of importance to New Hampshire residents, like the flood of fentanyl and other deadly drugs into their communities. “Every year I’ve been governor, we’ve decreased the assumptions in our pension fund,” he boasted, digging deep into the Florida policy weeds. And we always reduced down to ensure that no matter what happens, our pension system is going to be funded.
Persons: Ron DeSantis, DeSantis, , Biden, DeSantis’s, , I’ve, we’ve Organizations: Gov, Republican Party Locations: New Hampshire, Florida, Texas, Chicago, San Francisco, “ New Hampshire,
Ron DeSantis of Florida are set to hold dueling events on Tuesday in New Hampshire, but from vastly different political positions: one as the dominant front-runner in the state, the other still seeking his footing. Mr. Trump sees the first primary contest in New Hampshire as an early chance to clear the crowded field of rivals. And members of Team DeSantis — some of whom watched from losing sidelines, as Mr. Trump romped through the Granite State in 2016 on his way to the nomination — hope New Hampshire will be the primary that winnows the Republican field to two. “Iowa’s cornfields used to be where campaigns were killed off, and now New Hampshire is where campaigns go to die,” said Jeff Roe, who runs Mr. DeSantis’s super PAC, Never Back Down. Mr. Roe retains agonizing memories from 2016, when he ran the presidential campaign of the last man standing against Mr. Trump: Senator Ted Cruz of Texas.
Persons: Donald J, Ron DeSantis, Biden, Trump, DeSantis, cornfields, , Jeff Roe, Roe, Ted Cruz Organizations: Trump, Gov, Republican Party, Republican, DeSantis’s, Mr Locations: Florida, New Hampshire, Granite State, Ted Cruz of Texas
I'm Insider's global tech editor Alistair Barr, and I've been missing people a lot lately. Airbnb Montana smackdown: Life in the town of Bozeman is harder thanks to short-term rentals. That sparked a boom in Airbnb and Vrbo properties in the town, causing rents and property prices to surge. They are concerned about retaining talented colleagues, their future at Salesforce, and how leadership decisions adhere to the company's core values. Submit your nomination for Insider's 5th annual list recognizing first-time and newly named top marketers at consumer brands.
Persons: Alistair Barr, I've, I'd, we're, let's, Brian Chesky Mike Segar, Airbnb Montana, Dan Latu, Justin Sullivan, Read, Nassim Taleb, SoftBank, it's, that's, Bowties, India Narendra Modi, Mark Zuckerberg, Elon Musk, Kevin Dietsch, Dana White, Lisa Ryan, Jack Sommers Organizations: Bozeman Tenants United, Getty, Microsoft, Silicon Valley titans, White House, UFC, Insider's Locations: Bozeman, Airbnb, Seattle, Washington, Salesforce, Silicon, India, China, Silicon Valley, New York, London
On Friday a new attack on the Russian military began, led by Wagner mercenary leader Yevgeny Prigozhin. But instead of Yanayev taking control, one of Gorbachev's political rivals, Boris Yeltsin, urged the Soviets to resist the attempted coup and fight back. Three protesters died in a tense, three-day standoff against the army, but Yanayev and the others behind the attempted coup eventually relented. On Friday, Prigozhin appeared to openly declare taking up arms against the Russian military. The infighting between the mercenary leader and the Russian military comes after months of Prigozhin feuding with Putin over the treatment of his for-hire army.
Persons: Swan, Wagner, Yevgeny Prigozhin, , Leonid Brezhnev, Gennady Yanayev, Mikhail Gorbachev, Gorbachev, Boris Yeltsin, Putin, Prigozhin, Russia's, Prigozhin's, GeoConfirmed Organizations: Swan Lake, Russian, Service, NPR, Soviet Union's Communist Party, Treaty, Wagner Group, Wagner Locations: Russia, Soviet, Moscow, Russian, Swan, USSR
"Black Swan" author Nassim Taleb is once again warning investors about potential risks in the stock market. Taleb warned about a bubble brewing in AI stocks and the lingering impact of high interest rates. From calling crypto a "tumor" to warnings about a brewing bubble in artificial intelligence stocks, Taleb had a lot to say about markets. It did exactly the opposite of its mission as an inflation hedge because it collapsed... it's not an inflation hedge... it's not good for real money laundering because it's very traceable. AI bubble"Because you don't know which one is the one that's going to win.
Persons: Nassim Taleb, Taleb, , It's, it's, Osborne Organizations: CNBC, Service, Universa Investments Locations: Osborne
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The Black Swan' author Nassim Nicholas Taleb on crypto: A cult coupled with a financial instrumentNassim Nicholas Taleb, Universa Investments scientific advisor and author of ‘The Black Swan’, joins 'Squawk Box' to discuss the markets and economy, why a bubble is looming, the state of cryptocurrency, and more.
Persons: Swan, Nassim Nicholas Taleb, Nicholas Taleb, Locations: cryptocurrency
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The Black Swan' author Nassim Nicholas Taleb on looming crisis: The risk is in front of usNassim Nicholas Taleb, Universa Investments scientific advisor and author of ‘The Black Swan’, joins 'Squawk Box' to discuss the markets and economy, why a bubble is looming, the state of cryptocurrency, and more.
Persons: Swan, Nassim Nicholas Taleb, Locations: cryptocurrency
When Judge Aileen M. Cannon assumed control of the case stemming from former President Donald J. Trump’s indictment for putting national security secrets at risk, she set the stage for the trial to be held with a regional jury pool made up mostly of counties that Mr. Trump won handily in his two previous campaigns. She signaled that the trial would take place in the federal courthouse where she normally sits, in Fort Pierce, at the northern end of the Southern District of Florida. The region that feeds potential jurors to that courthouse is made up of one swing county and four others that are ruby red in their political leanings and that Mr. Trump won by substantial margins in both 2016 and 2020. “For years, it’s been a very conservative venue for plaintiffs’ lawyers,” said John Morgan, a trial lawyer who founded a large personal injury firm. Describing the various counties that feed into Fort Pierce, he said, “It is solid, solid Trump country.”
Persons: Aileen M, Cannon, Donald J, Trump, Trump’s, it’s, , John Morgan Organizations: Southern, Southern District of Locations: Fort Pierce, Southern District, Southern District of Florida, Florida, Trump
Should he enter the race, Mr. Scott, Florida’s former governor, would be challenging both the front-runner, Mr. Trump, as well as the distant-second rival, Ron DeSantis, the state’s current governor. Mr. Scott would also join Mr. Trump, Mr. DeSantis and Mayor Francis X. Suarez of Miami as the fourth Republican presidential candidate from Florida. Mr. DeSantis in particular could see his support erode further if Mr. Scott adds to an already crowded field of Trump alternatives. Like other recent entries, Mr. Scott appears to be assessing a G.O.P. field in which Mr. DeSantis, with whom Mr. Scott has had a difficult relationship, has lost some support after a series of missteps and unforced errors.
Persons: Rick Scott of, Donald J, Trump, Scott, Ron DeSantis, DeSantis, Francis X, Suarez, Mr, Larry Hogan, Organizations: Republican, Florida Republican, Suarez of Miami, CBS Locations: Rick Scott of Florida, Florida, Maryland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with 'The Black Swan' author Nassim Nicholas TalebNassim Nicholas Taleb, Universa Investments scientific advisor and author of ‘The Black Swan’, joins 'Squawk Box' to discuss the markets and economy, why a bubble is looming, the state of cryptocurrency, and more.
Persons: Swan, Nassim Nicholas Taleb Nassim Nicholas Taleb, Locations: cryptocurrency
[1/2] U.S. tennis player Venus Williams hits a return to her sister Serena during their exhibit tennis match in Johannesburg November 4, 2012. REUTERS/Siphiwe Sibeko/File PhotoJune 21 (Reuters) - Seven-time Grand Slam champion Venus Williams and former world number three Elina Svitolina were handed wildcard entries into Wimbledon, the organisers announced on Wednesday. Williams, 43, has won the third major of the year five times and returned to action this month after a five-month injury layoff. Boulter will be joined by compatriots Jodie Burrage, Harriet Dart, Katie Swan and Heather Watson as wildcard entries. In the men's tournament, Liam Broady, Jan Choinski, Arthur Fery, David Goffin, George Loffhagen and Ryan Peniston were handed wildcard entries.
Persons: Venus Williams, Serena, Siphiwe, Elina Svitolina, Williams, Italian Camile Giorgi, Svitolina, Linda Fruhvirtova, Katie Boulter, Jodie Burrage, Harriet Dart, Katie Swan, Heather Watson, Liam Broady, Jan Choinski, Arthur Fery, David Goffin, George Loffhagen, Ryan Peniston, Pearl Josephine Nazare, Christian Radnedge Organizations: REUTERS, Wimbledon, Birmingham, Czech, Tennis, Nottingham Open, Thomson Locations: Johannesburg, Italian, Birmingham, Bengaluru
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