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☆ Dollar tentative, kiwi jumps as New Zealand inflation data tempers rate doves
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: +3 min

English, American and New Zealand currency around a paper map of the world. The dollar held just above an over one-year low on Wednesday as traders assessed the U.S. rate outlook, while the New Zealand dollar spiked briefly after a higher-than-expected inflation reading pushed back prospects of policy easing further out. Sterling bought $1.3035, ahead of U.K. inflation data due later on Wednesday. "The stickiness of U.K. inflation measures has contrasted notably with price measures in both the euro zone and the U.S. which have been moving lower," said Rabobank's head of FX strategy Jane Foley. "While inflation is 'lower', it is not 'low' by any stretch of the imagination.

Persons: Tina Teng, Klaas, Sterling, Jane Foley, Satish Ranchhod, Kazuo Ueda Organizations: New Zealand, U.S ., U.S, CMC Markets, Reuters, Federal Reserve, European Central Bank, ECB, Bank of, Reserve Bank of New, Westpac, Australian, Bank of Japan Locations: Zealand, Asia, U.S, Bank of England, New Zealand, Reserve Bank of New Zealand

☆ The making of a fake war hero: An American who reinvented himself as a social-media soldier in Ukraine is accused of 'stolen valor'
▼ + stars: | 2023-07-16 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +21 min

Four foreign fighters and volunteers in Ukraine who knew Vasquez told Insider it was widely known he wasn't actually taking part in front-line fighting. A Pentagon representative, however, told Insider that Vasquez was never deployed to either of those places — or anywhere else. "I had to tell a million lies to get ahead," Vasquez told the Times. When Ashton-Cirillo took to Twitter to expose Vasquez, Huggett said she felt compelled to make a video to back her up. Huggett told Insider: "I'm tired, but I'm not sorry I exposed the lying scammer.

Persons: James Vasquez, Vasquez, Tucker Carlson, Adam Kinzinger, wasn't, he'd, Tina Vasquez, Libkos Vasquez, Sarah Ashton, Huggett, James, Tim, I'm, Viktor Yatsunyk, Vasquez —, Ashton, Cirillo, James messaged, I've, Diego Herrera Carcedo, Wagner, Vasquez's, Peg Leg, that's, selflessly, Ripley's, hadn't, John, Twitter John, Da Vinci, Volodymyr Zelenskyy, Da, Malcolm Nance, Nance Organizations: Service, Twitter, Operation, Storm, Pentagon, New York National Guard, Army Reserve, The New York Times, Army, Times, New York Post, AP, Territorial Defense Force, Armed Forces of, Anadolu Agency, Getty, Wagner Group, UN, United Nations, Ukraine's Territorial Defense Forces, Armed Forces, Legion, Ripley's, New York Times, Da Vinci Wolves, Wolverines, Wolves, National Police, Security Service, MSNBC, Ukraine's International Locations: Ukraine, Wall, Silicon, Russia, Connecticut, Soledar, Kuwait, Iraq, Ukrainian, Bakhmut, Donetsk region, American, Armed Forces of Ukraine, Maidan, Geneva, Ashton, US

☆ The 'Barbie' movie could boost Mattel's stock prices and increase the price of old dolls in your closet, but avid Barbie collectors couldn't care less
▼ + stars: | 2023-07-15 | by ( Colette Fountain | ) www.businessinsider.com time to read: +9 min

Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.

Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland

☆ The Year Is Half Over. Here Are the Books You Might Have Missed.
▼ + stars: | 2023-07-14 | by ( ) www.nytimes.com time to read: +1 min

This week on the podcast, Gilbert Cruz is joined by fellow editors from the Book Review to revisit some of the most popular and most acclaimed books of 2023 to date. First up, Tina Jordan and Elisabeth Egan discuss the year’s biggest books, from “Spare” to “Birnam Wood.” Then Joumana Khatib, MJ Franklin and Sadie Stein recommend their personal favorites of the year so far. Books discussed on this week’s episode:“Spare,” by Prince Harry“I Have Some Questions for You,” by Rebecca Makkai“Pineapple Street,” by Jenny Jackson“Romantic Comedy,” by Curtis Sittenfeld“You Could Make This Place Beautiful,” by Maggie Smith“The Wager,” by David Grann“Master, Slave, Husband, Wife,” by Ilyon Woo“King: A Life,” by Jonathan Eig“Birnam Wood,” by Eleanor Catton“Hello Beautiful,” by Ann Napolitano“Enter Ghost,” by Isabella Hammad“Y/N,” by Esther Yi“The Sullivanians,” by Alexander Stille“My Search for Warren Harding,” by Robert Plunket“In Memoriam,” by Alice Winn“Don’t Look at Me Like That,” by Diana AthillWe would love to hear your thoughts about this episode, and about the Book Review’s podcast in general. You can send them to books@nytimes.com.

Persons: Gilbert Cruz, Tina Jordan, Elisabeth Egan, Birnam, Joumana Khatib, MJ Franklin, Sadie Stein, “, Prince Harry “, Rebecca Makkai, Jenny Jackson, Curtis Sittenfeld, Maggie Smith “, ”, David Grann, Ilyon Woo, Jonathan Eig, Eleanor Catton “, Ann Napolitano, Isabella Hammad “ Y, Esther Yi “, Alexander Stille, Warren Harding, Robert Plunket “, Alice Winn “, Diana Athill Locations: ”

☆ Oil steady as demand woes from weak economic data offset by OPEC+ cuts
▼ + stars: | 2023-07-10 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

HOUSTON, July 10 (Reuters) - Oil prices were little changed on Monday in choppy trading as demand woes after weak economic data from top consumers the United States and China were offset by expected crude supply cuts from Saudi Arabia and Russia. "Oil traders may be cautious ahead of the U.S. CPI (Consumer Price Index) and China's slew of economic data later this week," CMC Markets analyst Tina Teng said of inflation data due on Wednesday. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. However, crude prices could rebound after producer group OPEC+ announced plans to reduce supply further, Teng added. Money managers stepped up net long positions in oil futures and options contracts in the latest weekly data.

Persons: Brent, Tina Teng, Loretta Mester, Teng, Ole Hansen, Hansen, Arathy Somasekhar, Noah Browning, Florence Tan, Emily Chow, Alexander Smith, David Goodman, Peter Graff Organizations: . West Texas, U.S . CPI, Consumer, CMC, U.S . Federal Reserve, Federal Reserve Bank, Cleveland, OPEC, International Energy Agency, Saxo Bank, Money, Thomson Locations: United States, China, Saudi Arabia, Russia, ., Saudi, WTI, Brent

☆ Oil eases ahead of China, U.S. data, but OPEC+ cuts support market
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: +2 min

Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%. "Oil traders may be cautious ahead of the U.S. CPI and China's slew of economic data later this week," CMC Markets analyst Tina Teng said. However, crude prices could rebound after OPEC+ announced plans to further reduce supply, she said. Money managers raised their net long U.S. crude futures and options positions in the week to July 3, the U.S. Commodity Futures Trading Commission said on Friday.

Persons: Tina Teng, Morgan, Tony Sycamore, Baker Hughes Organizations: Brent, U.S . West Texas, U.S . CPI, CMC, U.S, Chevron, Federal Reserve, U.S . Commodity Futures Trading Commission Locations: Stanton , Texas, United States, China, Saudi Arabia, Russia, U.S, Saudi, Ain Sukhna, OPEC, Strait, Hormuz

SINGAPORE, July 10 (Reuters) - Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude supply cuts from Saudi Arabia and Russia limited losses. "Oil traders may be cautious ahead of the U.S. CPI and China's slew of economic data later this week," CMC Markets analyst Tina Teng said. However, crude prices could rebound after OPEC+ announced plans to further reduce supply, she said. "The presence of economic slowdowns in China adds to the prevailing uncertainty in the oil market," said Mukesh Sahdev, head of downstream and oil trading at Rystad Energy. U.S. oil rigs fell by five to 540 last week, lowest since April 2022, according to a Baker Hughes report on Friday.

Persons: Tina Teng, China's, Mukesh Sahdev, Morgan, Tony Sycamore, Baker Hughes, Florence Tan, Emily Chow, Tom Hogue, Stephen Coates Organizations: Brent, U.S . West Texas, U.S . CPI, CMC, Rystad Energy, OPEC, Federal Reserve, U.S . Commodity Futures Trading Commission, Thomson Locations: SINGAPORE, United States, China, Saudi Arabia, Russia, U.S, Saudi, Ain Sukhna, OPEC

☆ On Her Renaissance Tour, the World Is Beyoncé’s Ball
▼ + stars: | 2023-07-09 | by ( Lindsay Zoladz | ) www.nytimes.com time to read: +2 min

Beyoncé’s two solo releases before “Renaissance” — her 2013 self-titled album and “Lemonade,” from 2016 — were billed as “visual albums,” featuring a fully realized music video for each track. Throughout the set, Beyoncé wove interpolations of her predecessors’ songs throughout her own, as if to place her music in a larger continuum. The grandiose “I Care” segued into a bit of “River Deep, Mountain High,” in honor of Tina Turner, who died in May. (The merch on sale at a Renaissance Tour pop-up shop in the days before the show included a hand-held fan emblazoned with the song title “Heated” for $40. The show contained moments that sometimes felt conceptually cluttered and at odds with the “Renaissance” album’s sharp vision, like dorm-room-poster quotes from Albert Einstein and Jim Morrison that filled the screen during video montages.

Persons: ”, Casey Cadwallader, —, Loewe, Beyoncé, Tina Turner, Madonna’s, Albert Einstein, Jim Morrison Organizations: Jackson Locations: Spanish

☆ Revisiting ‘Bridget Jones’s Diary’ Plus the Art of Literary Translation
▼ + stars: | 2023-07-07 | by ( ) www.nytimes.com time to read: +1 min

On this week’s episode of the podcast, Gilbert Cruz talks to Juliana Barbassa and Gregory Cowles about the Book Review’s special translation issue, and to Tina Jordan and Elisabeth Egan about the novel “Bridget Jones’s Diary,” which was published in the U.S. 25 years ago this summer. What makes translation an art? Why do we see so many translations from some countries and almost none from others? Before coming to the Book Review, she spent years reporting and editing international news, and says, “I would often find myself turning to the fiction produced in that place” to really get a sense of it. Also on this week’s episode, Elisabeth Egan and Tina Jordan discuss “Bridget Jones’s Diary,” published in the U.S. 25 years ago this summer.

Persons: Gilbert Cruz, Juliana Barbassa, Gregory Cowles, Tina Jordan, Elisabeth Egan, Bridget Jones’s, Cowles, “, ”, Egan, Bridget Jones Locations: U.S

☆ Oil prices ease on fears of weaker demand
▼ + stars: | 2023-07-03 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

"Hawkish commentary on rates continues to raise concerns of the demand outlook weighing on prices," National Australia Bank analysts said in a note. Higher interest rates could strengthen the greenback, making commodities more expensive for holders of other currencies, and also dampen oil demand. "OPEC+'s multi-output-cuts have kept oil prices above key levels, which may see a further production reduction by the cartel to keep the crude market's stability," said Tina Teng, an analyst at CMC Markets. However, the latest Reuters survey showed OPEC oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others. U.S. crude output fell in April to 12.615 million barrels per day (bpd), its lowest since February, the U.S. Energy Information Administration said on Friday.

Persons: Brent, WTI, Tina Teng, Baker Hughes, Florence Tan, Emily Chow, Sonali Paul Organizations: PMI, SINGAPORE, U.S . Federal, Brent, . West Texas, National Australia Bank, P Global, Saudi, Petroleum Reserve, CMC, Organization of, Petroleum, U.S . Energy, Administration, Thomson Locations: China, Saudi, U.S, Saudi Arabia, OPEC, Iraq, Nigeria

☆ ‘Secret Chef’ is just one of the delicious shows out this week
▼ + stars: | 2023-07-01 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

Something to sip on…David Chang is an executive producer and one of the stars of "Secret Chef." Jim Fiscus/ HULUReminder that I simply adore movies and shows that celebrate food. “Guided by a mischievous animated talking hat, the chefs are tasked to perform a series of cooking challenges. With their true identities concealed, everything will be hidden except the one thing that matters most … the food.”Yes, please! “Is It Cake?” is over on Netflix, while “Secret Chef” is currently streaming on Hulu.

Persons: let’s, David Chang, Jim Fiscus, ”, –, Angela Bassett, Mike Coppola, Bassett, Tina Turner, “, Oscar, I’m, Lily, Rose Depp, Abel, Eddy Chen, Abel “, Madonna, Tesfaye, “ I’ve, ‘, Bowie, ” Tesfaye, Can’t, Kevin Baker, Henry Cavill, Cavill, Liam Hemsworth Organizations: CNN, Hulu, Netflix, Marvel Studios, HBO, Warner Bros . Locations: Hulu, Hollywood , California

☆ I was fired by a client for using AI. I'm not going to stop because it's doubled my output, but I'm more clear about how I use it.
▼ + stars: | 2023-06-30 | by ( Tina Sendin | ) www.businessinsider.com time to read: +6 min

Tina Sendin used the AI writing tool Jasper.ai to write articles for a project on a tight deadline. Since I couldn't clone myself, I tried what I thought would be the next best thing: I used AI. I was using AI to clone myself as a writerI essentially used Jasper.ai as an extension of myself. I draft the article first, then use an AI tool to enhance it and ensure I've maintained the client's tone of voice. I'll learn about AI, so I'll know how to use it to improve my workflow and optimize my everyday work.

Persons: Tina Sendin, Sendin, I'd, Jasper, I've, Ryan Reynolds, ChatGPT, it's Organizations: Morning, Google, Facebook Locations: ChatGPT, Jasper

☆ Moms for Liberty emerge as a force in the 2024 race
▼ + stars: | 2023-06-30 | by ( James Oliphant | ) www.reuters.com time to read: +6 min

The Republican candidates' courting of the group's members signifies its arrival as a major conservative player in national politics. Volunteers sporting shirts with the group’s logo could be seen working recently at DeSantis’ presidential campaign events in Iowa. COURTING MOMSOther Republican candidates also are cozying up to Moms for Liberty, which now claims 120,000 members in 44 states. Advocacy groups such as People For the American Way, ACT UP, Defense of Democracy and a Facebook-based effort called STOP Moms for Liberty organized protests in Philadelphia ahead of the Moms for Liberty conference. She said Moms for Liberty remains largely concerned with learning loss connected to school closures from the pandemic and that its opposition is driven by politics.

Persons: Robin Steenman, Judith, Brett Craig, Read, Donald Trump, Ron DeSantis, “, ”, Tina Descovich, Tim Scott, Mike Pence, Nikki Haley, Descovich, DeSantis, Jazmyn Henderson, ” Bryan Griffin, Griffin, Nathan Layne, Colleen Jenkins, Alistair Bell Organizations: Liberty, Republican, Heritage Foundation, Leadership Institute, Trump, Iowa, Former South Carolina, Southern Poverty Law Center, Reuters, Way, ACT UP, Defense of Democracy, Twitter, Thomson Locations: Philadelphia, Florida, Iowa, U.S, South Carolina

☆ What could break as interest rates rise?
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +5 min

Sweden, where rates rose again on Thursday, is one to watch with most homeowners' mortgages moving in lockstep with rates. Reuters Graphics2/ REAL ESTATE: PART 2Having taken advantage of the low rates era to borrow aplenty and buy up property assets, the commercial real estate sector is grappling with higher debt refinancing costs as rates rise. "The single most important thing is interest rates. But not just interest rates; what it is equally important is the predictability of rates," said Thomas Mundy, EMEA head of capital markets strategy at real estate firm JLL. "If we were settled on an interest rate, real estate prices could adjust.

Persons: Richard Portes, Thomas Mundy, Banks, Florian, Ielpo, Jerome Powell, Markus Allenspach, Julius Baer, Nick Kraemer, Wagner, Vladimir Putin's, Putin, Tina Fordham, Chiara Elisei, Naomi Rovnick, Nell Mackenzie, Karin Strohecker, Vincent Flasseur, Kripa Jayaram, Sumanta Sen, Pasit, Dhara Ranasinghe, Alison Williams Organizations: International Monetary Fund, Reuters, Federal, Finance, London Business School, Lombard, Federal Reserve, Casino, Sweden's SBB, Fordham Global Foresight, Thomson Locations: Britain, Norway, Russia, Sweden, lockstep, London's, City, RUSSIA, Ukraine

☆ Angela Bassett, Mel Brooks to get honorary Oscars
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 27 (Reuters - Actor Angela Bassett and veteran filmmaker Mel Brooks will receive Academy Honorary Awards this year in honour of their careers and contribution to cinema, Hollywood's Academy of Motion Picture Arts and Sciences has said. The Academy announced it had voted to present the awards to two-time Oscar nominee Bassett and "The Producers" writer Brooks, as well as to editor Carol Littleton at its Governor Awards in November. "Across her decades-long career, Angela Bassett has continued to deliver transcendent performances that set new standards in acting. Mel Brooks lights up our hearts with his humor, and his legacy has made a lasting impact on every facet of entertainment," Yang added. Writer, director, actor and producer Brooks, who turns 98 on Wednesday, began his career writing comedy routines for Sid Caesar's TV shows.

Persons: Angela Bassett, Mel Brooks, Bassett, Brooks, Carol Littleton, Michelle Satter, Jean Hersholt, Janet Yang, Yang, Carol Littleton’s, Tina Turner, Exhale, Ramonda, Sid Caesar's, Oscar, Robin Hood, Littleton, Satter, Marie, Louise Gumuchian, Ed Osmond Organizations: Hollywood's Academy, Motion Picture Arts, Sciences, The Academy, Sundance, Jean, Governors, Sundance Institute, Academy, Thomson

☆ Angela Bassett and Mel Brooks Are Among Those to Receive Honorary Oscars
▼ + stars: | 2023-06-27 | by ( Kyle Buchanan | ) www.nytimes.com time to read: +1 min

Just a few months after Angela Bassett came close to clinching a supporting-actress Oscar for “Black Panther: Wakanda Forever,” she’ll become one of four Hollywood figures to receive an honorary Oscar at this year’s Governors Awards, the Academy of Motion Picture Arts and Sciences has announced. Also getting honorary Oscars will be the director Mel Brooks and the editor Carol Littleton, while the Sundance Institute’s Michelle Satter will be presented with the Jean Hersholt Humanitarian Award. The awards “honor four trailblazers who have transformed the film industry and inspired generations of filmmakers and movie fans,” the academy president Janet Yang said in a statement. Bassett, 64, was first nominated for playing Tina Turner in the biopic “What’s Love Got to Do With It,” and also starred in films like “How Stella Got Her Groove Back,” “Malcolm X” and “Boyz N the Hood.” Her awards-season run for Wakanda Forever” earlier this year netted her a Golden Globe, and though she lost the Oscar to “Everything Everywhere All at Once” supporting actress Jamie Lee Curtis, Bassett is still one of only four Black actresses to have received more than one Oscar nomination for acting.

Persons: Angela Bassett, Oscar, “, she’ll, Mel Brooks, Carol Littleton, Michelle Satter, Jean Hersholt, ”, Janet Yang, Bassett, Tina Turner, Stella, ” “ Malcolm X ”, Jamie Lee Curtis Organizations: Academy of Motion Picture Arts, Sciences, Sundance, Globe

U.S. West Texas Intermediate crude (WTI) was up 44 cents, or 0.6%, at $69.44. However, the challenge has raised questions about President Vladimir Putin's grip on power and concerns about possible disruption of Russian oil supply. Consultancy Rystad Energy said in a note late on Sunday that it did not expect to see a significant increase in oil prices as a result of the "short-lived event". Goldman Sachs analysts said markets could price a moderately higher probability of domestic volatility in Russia leading to supply disruptions. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.

Persons: Brent, Wagner, Vladimir Putin's, Rystad, Helima Croft, Putin, Goldman Sachs, Tina Teng, Florence Tan, Jamie Freed, David Goodman Organizations: SINGAPORE, . West Texas, Consultancy Rystad Energy, RBC Capital Markets, White, U.S . Federal, CMC, Thomson Locations: Moscow, Russian, Russia, Rostov, U.S

☆ Two global experts on how tensions in Russia are impacting the markets
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo global experts on how tensions in Russia are impacting the marketsHelima Croft, Head of Global Commodity Strategy at RBC Capital Markets, and Tina Fordham, Founder of Fordham Global Foresight, discuss how ongoing tensions in Russia are impacting the global markets.

Persons: Helima, Tina Fordham Organizations: Global, Strategy, RBC Capital Markets, Fordham Global Foresight Locations: Russia, Helima Croft

☆ Oil markets shrug off Russian political turmoil
▼ + stars: | 2023-06-26 | by ( Noah Browning | ) www.reuters.com time to read: +2 min

Brent crude futures were up 38 cents, or 0.5%, at $74.23 a barrel by 1040 GMT. U.S. West Texas Intermediate crude (WTI) was up 28 cents, or 0.4%, at $69.44. A clash between Moscow and Russian mercenary group Wagner was averted on Saturday after the heavily armed mercenaries withdrew from the southern Russian city of Rostov under a deal that halted their rapid advance on the capital. However, the challenge has raised questions about President Vladimir Putin's grip on power and some concern about possible disruption of Russian oil supply. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.

Persons: Brent, Wagner, Vladimir Putin's, Vandana Hari, Goldman Sachs, Tina Teng, Noah Browning, Florence Tan, David Goodman Organizations: . West Texas, Vanda Insights, U.S . Federal, CMC, Thomson Locations: Moscow, Russian, Rostov, Russia, U.S

☆ Asia markets set for weak open as Wall Street rally fades
▼ + stars: | 2023-06-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a weak open in the final week of June, following U.S. markets which snapped a multi-week winning streak Friday. In an early Monday note, CMC Markets analyst Tina Teng, wrote that "economic concerns took central stage again as recession fears mounted, with spiking rates in both Europe and the US rattling global markets." Over the weekend, Europe also saw a brief rebellion by the Wagner private military group in Russia, and markets are likely to be on edge. In Australia, futures for the S&P/ASX 200 were at 7,043, lower than the index's last close of 7,099.2. Hong Kong's Hang Seng index is also poised to fall, with futures at 18,764 compared to the HSI's close of 18,889.97.

Persons: Tina Teng, Wagner Organizations: CMC, Nikkei Locations: Asia, Pacific, U.S, Europe, Russia, Japan, Chicago, Osaka, Australia, Hong

☆ Oil climbs on concerns Russia political issues may impact supply
▼ + stars: | 2023-06-25 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, June 26 (Reuters) - Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers. Brent crude futures rose 95 cents, or 1.3%, to $74.80 a barrel by 2300 GMT on Sunday. However, the challenge has raised questions about President Vladimir Putin's grip on power and concerns about possible disruption of Russian oil supply. Goldman Sachs analysts said markets may price a moderately higher probability that domestic volatility in Russia leads to supply disruptions or has a sizable negative impact on oil supply in the future. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.

Persons: Brent, Wagner, Vladimir Putin's, Helima Croft, Putin, Goldman Sachs, WTI, Tina Teng, Florence Tan, Jamie Freed Organizations: . West Texas, RBC Capital Markets, White, U.S . Federal, CMC, Thomson Locations: SINGAPORE, Russia, ., Moscow, Russian, Rostov

☆ Tina Turner to be honored by Patti LaBelle during the BET Awards on Sunday
▼ + stars: | 2023-06-24 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The legendary Tina Turner will receive a posthumous tribute this weekend as part of the 2023 BET Awards. Patti LaBelle is set to honor the late icon with a performance during the awards show that will capture “the essence of Turner’s unparalleled legacy,” according to a release from BET. This year’s BET Awards will also honor several other landmark entertainers. Past lifetime achievement award recipients have included Whitney Houston, Prince, Queen Latifah, Mary J. Blige, Samuel Jackson, Lionel Richie and New Edition. The BET Awards 2023 will air live on Sunday on BET at 8 p.m. ET/ PT from the Microsoft Theater in Los Angeles.

Persons: Tina Turner, Patti LaBelle, Turner, Busta, Bia, Cutty Ranks, Dexta, Swizz Beatz, Whitney Houston, Queen Latifah, Mary J, Blige, Samuel Jackson, Lionel Richie Organizations: CNN, BET, Microsoft Theater, Paramount Locations: Zurich, Switzerland, Cutty, Prince, Los Angeles

☆ Dollar rises as hawkish central banks dent risk sentiment, sterling slips
▼ + stars: | 2023-06-23 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

While higher rates are typically supportive of currencies, the risk that they will trigger an economic downturn has pushed some investors to seek safe-haven assets like the U.S. dollar. The Turkish lira slid to a record low of 25.589 against the U.S. dollar, after the Turkey's central bank 650 basis points hike to 15% on Thursday missed expectations. In other currencies, the dollar rose broadly and stood near an over seven-month high against the yen at 142.90. The euro slipped 0.04% to $1.0950, while the U.S. dollar rose 0.05% against a basket of six major peers to 102.44. "Most of the Western central banks are now more hawkish than previously projected," said Tina Teng, market analyst at CMC Markets.

Persons: stoked, Sterling, BoE, Nick Bennenbroek, Jerome Powell, Tina Teng, Rae Wee, Sam Holmes Organizations: Federal Reserve, Bank of England, U.S ., Bank of Japan, U.S, Federal, Fed, Swiss National Bank, CMC Markets, New Zealand, Thomson Locations: SINGAPORE, Wells Fargo

June 23 (Reuters) - Oil prices fell for a second straight session and were headed for a weekly decline of more than 3% on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the U.S. ignited concerns over demand. An increase in the value of the dollar, which has risen 0.3% this week, can weigh on oil demand by making the fuel more expensive for holders of other currencies. Federal Reserve Chair Jerome Powell said the central bank would move interest rates at a "careful pace" from here as policymakers edge towards ending their historic round of monetary policy tightening. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. Fears of hikes by major central banks have clouded the fuel demand outlook for the rest of the year.

Persons: Brent, Tina Teng, Jerome Powell, Edward Moya, Arathy Somasekhar, Sonali Paul, Jamie Freed Organizations: U.S, West Texas, CMC, Bank of England, Energy Information Administration, Energy, OANDA, Thomson Locations: Britain, U.S

☆ Barry Diller Ends Talks to Sell The Daily Beast
▼ + stars: | 2023-06-23 | by ( Benjamin Mullin | ) www.nytimes.com time to read: 1 min

The media mogul Barry Diller has pulled The Daily Beast off the auction block. Mr. Diller, the chairman of the digital media company IAC, said on Friday that The Daily Beast — a digital tabloid known for its aggressive political and media coverage — is not for sale. Until recent days, according to people with knowledge of the talks, he had been in discussions about a deal with Ankler Media, a start-up that has earned a reputation for its unsparing coverage of Hollywood elites since Janice Min, a longtime magazine editor, co-founded it early last year. “We did have negotiations with The Ankler, but we have withdrawn from them,” Mr. Diller, 81, said in a statement. “The Daily Beast is not for sale.”He did not elaborate on his plans for The Daily Beast, a publication that the magazine editor Tina Brown first edited in 2008 and that has earned plaudits for its journalism.

Persons: Barry Diller, Diller, Janice Min, “, ” Mr, Tina Brown Organizations: IAC, Ankler Media, Daily

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