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☆ Dow closes up more than 510 points to kick off a busy week for the US economy
▼ + stars: | 2023-10-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

Apple shares rose 1.2% on Monday ahead of its quarterly results due after Thursday’s close, which will be closely watched after the carnage in tech stocks last week. Other Big Tech stocks also rallied Monday. Alphabet shares rose 1.9%, Meta Platforms added 2%, Microsoft gained 2.3% and Amazon increased 3.9%. McDonald’s shares also rose 1.7% on Monday after the fast-food chain beat top- and bottom-line expectations. Traders largely expect that the Fed won’t hike rates for the rest of the year, according to the CME FedWatch Tool.

Persons: New York CNN — Stocks, Dow, Jerome Powell, Thursday’s, Eli Lilly, stoking, ”, Tom Graff Organizations: New, New York CNN —, Federal, Nasdaq, Big Tech, Traders, Treasury Department, Treasury, Apple, Microsoft, Anheuser, Busch, Stellantis, CVS, Kraft Heinz, Pfizer, Starbucks, Investors Locations: New York

☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

☆ Fears Ukrainian POWs have been coerced to fight against their fellow citizens by Russia, says ISW
▼ + stars: | 2023-10-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Russia is training Ukrainian prisoners of war to fight on the front lines, Russian media reported. AdvertisementAdvertisementRussian authorities are planning to deploy a battalion of Ukrainian prisoners of war to the front lines, Russian media reported. The outlet described it as a volunteer battalion including about 70 prisoners from various penal colonies. A Russian battalion consists of two-to-four companies and has from 250 to 1,000 people. AdvertisementAdvertisement"Russian authorities have likely coerced Ukrainian prisoners of war into joining a 'volunteer' formation that will fight in Ukraine, said the Institute for the Study of War.

Persons: —, Bogdan Khmelnitsky, Andrii Tyshchenko, Tyshchenko, Andriy Yusov, HUR Organizations: Geneva Convention, Service, RIA Novosti, Russian, Institute for, Siberian Battalion, International Legion of, Armed Forces of, Defense, Main Intelligence Locations: Russia, Russian, Donetsk Oblast, Geneva, Ukrainian, Ukraine, Armed Forces of Ukraine, Kyiv

☆ S&P 500 enters correction territory to close volatile trading week
▼ + stars: | 2023-10-27 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —The benchmark S&P 500 index closed in correction territory on Friday, ending a week made volatile by weaker-than-expected earnings reports and strong economic data. The S&P 500 fell 0.5%, marking a more than 10% drop from its most recent July peak. Amazon shares rose 6.8% on Friday after the e-commerce giant reported a beat on top-and bottom-lines for its most recent quarter. Excluding gas and food prices, the core PCE index rose 3.7% for the 12 months ended in September, its smallest year-over-year increase since May 2021. The index rose 0.3% on a monthly basis from the 0.1% rate seen in August.

Persons: Dow, Jamie Dimon Organizations: New, New York CNN, Nasdaq, Chevron, ExxonMobil, Ford Motors, United Auto Workers, JPMorgan Chase, Dow, Gross, Commerce Department, Federal, Traders, The University of Michigan’s Locations: New York

☆ Ukraine says it created a whole battalion from Russians who signed up to fight their own country
▼ + stars: | 2023-10-26 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

The Siberian Battalion largely consists of people from ethnic minorities in Russia. The battalion is expected to be sent to fight against Russia very soon, Bloomberg reported. AdvertisementAdvertisementUkraine said Wednesday that it had created a whole battalion from Russians who wanted to fight their own country. The battalion does not recruit captured Russian soldiers, he added, as per the Kyiv Post. He called his battalion the Siberian Battalion.

Persons: —, Andriy Yusov, HUR, Yusov, Vladislav Ammosov Organizations: Siberian Battalion, Bloomberg, Service, International Legion of, Armed Forces of, Defense, Main Intelligence, Russian Federation, Kyiv Post, New, Radio Free Locations: Ukraine, Russia, Armed Forces of Ukraine, Kyiv, Russian, Eastern Siberia, Europe, Radio Free Europe

☆ A time-honored investing strategy is under pressure. But don’t panic
▼ + stars: | 2023-10-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —An age-old investing strategy is losing its shine, but investors aren’t ready to cast it aside. Common wisdom suggests that when investors are fearful, stock prices tend to fall, and bond prices rise as people seek safer investments. When yields rise, bond prices fall, and Treasuries have been sinking in recent months. Those are characteristics of the perfect storm that sent the 60-40 portfolio nosediving in 2022. The 60-40 portfolio shed roughly 17% last year, its worst performance since 2008, according to data from Vanguard.

Persons: Bonds, Stocks, ”, Amy Arnott, Jerome Powell, Brian Henderson, Henderson, Chris Isidore, Marlon Pando, White Lotus, Alicia Wallace, — Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Vanguard, Morningstar, Treasury, BOK Financial, Auto, United Auto Workers, General Motors, Ford, GM, Wednesday, Disney Locations: New York, New Jersey, United States

☆ The Israel-Hamas war hasn’t set off market panic. That doesn’t mean investors aren’t concerned
▼ + stars: | 2023-10-24 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Investors have much on their minds these days, but there’s one thing seemingly staying under the radar. The Israel-Hamas war, which began in early October, initially rattled global financial markets, sending stocks tumbling, the Israeli shekel sliding and oil prices climbing. Potential escalation, potential impactNow, markets are looking decidedly less bright. Wall Street hasn’t completely shrugged off the potential impacts on financial markets from the Israel-Hamas war. His firm increased its allocation to longer-term government bonds this week to lock in currently high yields before potential declines down the line.

Persons: “, ”, Yung, Yu Ma, David Bahnsen, Ma Organizations: New, New York CNN —, Peoples, Treasury, Federal, BMO Wealth Management, Microsoft, Fed, Dow Jones, Traders Locations: New York, Israel, Saudi Arabia, Russia

☆ Investors flock to defensive stocks and safe havens on worries about Israel-Hamas war
▼ + stars: | 2023-10-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —The Israel-Hamas war is sending investors in search of defensive assets. Israel declared war on Hamas Sunday after the Palestinian militant group launched a brutal attack that killed at least 1,300 people. But investors have since bought up shares of virtually risk-free government bonds, indicating that Wall Street remains worried. Utilities, energy and real estate stocks have also outperformed the broader S&P 500 index’s roughly 1% gain this week. In August, a recently passed EU law known as the Digital Services Act went into effect for large online platforms, including the companies Breton addressed this week.

Persons: ”, George Smith, Bryan Hinmon, Hinmon, hasn’t, TikTok, Shou Zi Chew, Thierry Breton, Brian Fung, Breton, ” Breton, TikTok didn’t, Anna Cooban, ” Russia’s, Andrei Belousov, Read Organizations: CNN Business, Bell, CNN, Stock, Treasury, LPL, Twitter, Meta, Digital Services Locations: Israel, Palestinian, Saudi Arabia, Russia, Ukraine, Chew, Moscow

☆ Wall Street needs a boost from earnings. Can JPMorgan Chase run a strong first leg?
▼ + stars: | 2023-10-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Analysts expect a 0.4% year-over-year decline in third-quarter earnings for companies in the S&P 500 index, according to FactSet. Analysts expect America’s biggest bank to report earnings per share of $3.90 and revenue of $39.57 billion for the third quarter, according to Refinitiv. Citigroup, Wells Fargo and BlackRock also report earnings Friday. “Our children are in crisis, and it is up to us to save them,” Hochul said, comparing social media algorithms to cigarettes and alcohol. Those who opt out would receive chronological feeds instead, like in the early days of social media.

Persons: ”, Michael Arone, Jay Hatfield, ” Hatfield, Banks, JPMorgan Chase, Jamie Dimon, Dimon, Wells, Chris Isidore, Darren Woods, Read, Kathy Hochul, Letitia James, Michael Mulgrew, Sen, Andrew Gounardes, Nily, “, ” Hochul, Athena Jones, Brian Fung Organizations: CNN Business, Bell, CNN, Investors, State Street Global Advisors, stoke, Infrastructure Capital Management, JPMorgan Chase, JPMorgan, First, Bank, Citigroup, ExxonMobil, Natural Resources, Midland Basins, New York Gov, New York, United Federation of Teachers Manhattan, New Locations: Wells Fargo, BlackRock, United States, Midland , Texas, Delaware, Midland, New York

☆ Biden interviewed by the special counsel in his classified documents investigation
▼ + stars: | 2023-10-10 | by ( Zoë Richards | Molly Roecker | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden takes questions from reporters on classified documents as he delivers remarks on the economy and inflation in the Eisenhower Executive Office Building on January 12, 2023 in Washington, DC. President Joe Biden was interviewed as part of the investigation into his handling of classified documents being led by special counsel Robert Hur, the White House said. In a statement Monday night, White House spokesman Ian Sams said the voluntary interview was conducted over two days, Sunday and Monday. The White House said in January that documents with classified markings were uncovered at Biden's Delaware home and at a Washington office he used after he was vice president. Biden's classified documents case has unfolded as his predecessor, former President Donald Trump, faces charges that he mishandled documents, including allegations that he told a property manager at his Mar-a-Lago residence in Florida to delete security video.

Persons: Joe Biden, Robert Hur, Hur, Ian Sams, Sams, Biden, Bob Bauer, General Merrick Garland, Trump, Biden's, Donald Trump Organizations: Biden's Delaware, Maryland, NBC News Locations: Washington , DC, Biden's, Washington, U.S, Florida

☆ GOP legislators and pundits shamed Biden for calling an early 'lid' on Monday as fighting rages in the Middle East, but Biden was meeting with world leaders
▼ + stars: | 2023-10-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Monday, before noon, the Biden Administration called a "lid" on the day for public-facing events. Outrage over Biden lids isn't anything new, it's a throwback from the 2020 Trump campaign playbook. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "A lid before noon while the Middle East is on fire," Rep. Ralph Norman added.

Persons: Biden, —, You've, Donald Trump Jr, Alabamians, Sen, Tommy Tuberville, Ralph Norman, Joe Biden, Trump, Andrew Bates, Robert Hur's, Bates, Tuberville, John Roberts Organizations: Biden Administration, Trump, Service, stoke, Trump Jr, White, United States, Fox News Locations: France, Germany, Italy, United Kingdom, Israel, Gaza, Florida

There has been no public indication that he or anyone else in his orbit intentionally mishandled classified documents. And Republican front-runner Donald Trump, indicted by a different Justice Department special counsel over his own mishandling of classified documents, has repeatedly claimed Biden has received special treatment. From the start, the investigation unfolded alongside a far more perilous probe of Trump's handling of classified documents. Ian Sams, a spokesperson for the White House counsel’s office, said in a statement that the interview with Biden was voluntary. "“As we have said from the beginning, the President and the White House are cooperating with this investigation, he said.

Persons: Joe Biden's, Biden, Robert Hur's, “, Karine Jean, Pierre, It's, Hunter, Hur, Biden’s, Donald Trump, Ron Klain, Jake Sullivan, Dana Remus, Antony Blinken, Obama, General Merrick Garland, “ there's, castigate Trump, Justice Department's, Trump, there's, Ian Sams, George W, Bush, Bill Clinton, Kenneth Starr, Robert Mueller’s, Darlene Superville Organizations: WASHINGTON, Justice, Biden, White, FBI, Trump, Biden administration's Justice Department, CIA, Associated Press Locations: Israel, Delaware, Washington, Wilmington, Florida, Mar

CNN —President Joe Biden over the last two days participated in a voluntary interview with special counsel Robert Hur as a part of his classified documents investigation, the White House announced Monday. A spokesperson for Hur, who oversees the Justice Department’s probe into classified documents found at Biden’s home and former private office, declined to comment to CNN. Hur was appointed in January to investigate incidents of classified documents being found at Biden’s former Washington, DC, office and his Wilmington, Delaware, home. While Biden has not often commented on the case, he said in January that he was surprised to learn that classified documents were found in his former office. “People know I take classified documents, classified information seriously,” Biden added, saying that the documents were found in “a box, locked cabinet – or at least a closet.”After documents were found in his Wilmington home later in January, Biden said he was cooperating fully with the Justice Department.

Persons: Joe Biden, Robert Hur, “, ”, Ian Sams, ” Sams, Donald Trump, Robert Mueller, Trump, Biden, Hur, Justice Department’s, General Merrick Garland, Garland, John Lausch, Lausch, ” Biden, Biden didn’t, didn’t Organizations: CNN, White, White House, Justice Department, Justice, National Archives, The Archives, FBI, Wilmington, “ Locations: Israel, Washington, DC, Wilmington , Delaware, Rehoboth Beach , Delaware, Mexico City, Mexico, Canada, Ukraine, Iran, United Kingdom, “, Wilmington

☆ Biden interviewed by special counsel in classified documents case
▼ + stars: | 2023-10-09 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +1 min

U.S. President Joe Biden delivers remarks on his economic agenda at Prince George's Community College in Largo, Maryland, U.S. September 14, 2023.?REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 9 (Reuters) - President Joe Biden was interviewed as part of an investigation into his handling of classified documents by Special Counsel Robert Hur, the White House counsel's office said on Monday. The Democratic president's interview was voluntary and conducted over two days, concluding on Monday, Ian Sams, a spokesperson for the White House counsel's office, said in a statement. U.S. Attorney General Merrick Garland in January named Hur as special counsel to probe the improper storage of classified documents at Biden's Delaware home and a think tank office set up for Biden after his 2009-2017 vice presidency. The White House declined to comment further, referring questions to the Justice Department. A wider-ranging inquiry into handling of classified documents has also been directed at Biden's main Republican potential rival for the 2024 elections, former President Donald Trump, who has been indicted in his case.

Persons: Joe Biden, Jonathan Ernst, Robert Hur, Ian Sams, General Merrick Garland, Hur, Biden, Sams, Donald Trump, Trevor Hunnicutt, Kanishka Singh, Sandra Maler, Leslie Adler Organizations: Prince George's Community College, REUTERS, Rights, Democratic, White, Biden's Delaware, Justice Department, Thomson Locations: Largo , Maryland, U.S, Biden's, Washington

☆ Gold is losing its dazzle as bond yields and the dollar surge
▼ + stars: | 2023-10-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Investors tend to prefer government bonds over gold when yields are high, because they offer regular coupon payments. Why nursing schools are turning away thousands of applicantsAt a time when registered nurses are going on strike to protest staffing shortages, thousands of applicants who want to enter or advance in the profession are being turned away from nursing schools, reports CNN’s Tami Luhby. Staffing shortages are the main reason why nursing schools are not able to accept more students who want to become registered nurses. The Girl Scouts are discontinuing a cult-favorite cookieThe Girl Scouts are discontinuing a popular cookie just a year after its debut sparked a frenzy, reports my colleague Jordan Valinsky. Raspberry Rally won’t be sold this upcoming cookie-sales season, which runs January to April 2024, Girl Scouts of the USA has announced.

Persons: Richard Galanti, they’re restocked, Matt Dmytryszyn, “ There’s, ”, CNN’s Tami Luhby, preceptors, Preceptors, Judith Jarosinski, Read, Jordan Valinsky Organizations: CNN Business, Bell, CNN, Federal Reserve, Barrick Gold, Kinross Gold, Northam, Costco, American Association of Colleges of Nursing, Salisbury University’s School of Nursing, Girl Scouts, Scouts, USA, Girl Scouts ’, eBay Locations: Salisbury, Maryland

☆ Premarket stocks: Bond investors are getting stung again this year. Here's why
▼ + stars: | 2023-10-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The surprisingly strong economy has led investors to worry that the Fed will keep rates higher for longer, which, in turn, drove US Treasury yields higher. As stocks have declined and bond yields have soared, bond prices have tanked, causing pain for investors who bet that the Fed would curtail its rate-hiking campaign earlier this year. Treasury yields rose to their highest level in over a decade earlier this week, before edging lower on a cooldown in employment data on Wednesday. Bond prices cratered in 2022 after the Fed began drastically raising near-zero rates to tame runaway inflation. US Treasury bond prices jumped earlier this year after the collapse of several regional lenders led traders to bet that the Fed would soon ease its aggressive pace of interest rate hikes.

Persons: ”, Noah Wise, Matt Miskin, FactSet, Miskin, Wise, doesn’t, you’re, ” Wise, Sam Bankman, Nathan Rehn, Allison Morrow, “, ” Rehn, Read, Samantha Murphy Kelly Organizations: CNN Business, Bell, CNN, Treasury, Dow Jones, Nasdaq, Allspring Global Investments, John Hancock Investment Management, Fed, US Treasury, Google Locations: Manhattan, Bahamas, New York City

☆ Dow drops more than 400 points as Treasury yields spike on job openings surge
▼ + stars: | 2023-10-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —The Dow fell more than 400 points Tuesday morning, turning negative for the year, as US Treasury yields surged to their highest levels in over a decade. Treasury yields have spiked and the US dollar has surged in the weeks since, continuing to chip away at the stock market’s gains from the spring. That’s up from July’s upwardly revised estimate of 8.92 million openings and above the consensus 8.8 million estimate among economists. The yield on the 10-year Treasury note on Tuesday climbed to 4.75%, its highest level since August 2007. The 2-year rose to 5.13%, around its highest level since July 2006.

Persons: Dow, Stocks, That’s, ”, Ed Moya Organizations: New, New York CNN, Treasury, Nasdaq, Federal Reserve, Fed, Bureau of Labor Statistics, of Labor Statistics, OANDA, OANDA . West Texas, OPEC Locations: New York, OANDA .

Law enforcement investigations and criminal prosecutions will continue “without interruption,” the plan says, and prisons will remain staffed. Special counsels are instead funded by “the permanent, indefinite appropriation for independent counsels,” according to their expenditure reports. Civil litigation in lower federal courts will be “curtailed or postponed,” according to the Justice Department contingency plan. A shutdown also could affect state and local efforts to address violent crime, Monaco said. During a hearing on Capitol Hill last week, Attorney General Merrick Garland said that a shutdown would “certainly disrupt” programs like “our grant programs to state and local law enforcement.”

Persons: Hunter, – Jack Smith, Donald Trump, Robert Hur, Joe Biden’s, David Weiss, Hunter Biden, ”, Lisa Monaco, Monaco, General Merrick Garland Organizations: Department, CNN, Justice Department, Administrative, Capitol Locations: Delaware

☆ Premarket stocks: Warning signs suggest this year's rally is on shaky legs
▼ + stars: | 2023-09-29 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

It’s too soon to tell, but there are alarm bells ringing that indicate investors should be — and are — on edge. Stocks rebounded this year after a bruising 2022, as artificial intelligence excitement led investors to fuel a powerful tech-driven surge. While shares of tech behemoths have led the market’s surge this year, the rally had begun to broaden out in early summer. High yields often mean bad news for stocks, since investors tend to gravitate toward virtually risk-free Treasury bonds when they offer high returns over stocks. Spending in the second quarter grew at its weakest pace since the first quarter of 2022, when it was flat.

Persons: Stocks, Liz Young, “, ”, bode, Goldman Sachs, Danielle Wiener, Bronner, Hudson, Bryan Mena Organizations: CNN Business, Bell, CNN, Federal Reserve, Nvidia, Apple, Microsoft, Silicon Valley Bank, Signature Bank, Treasury, OPEC, Goldman, New, Girl Scouts Heart, Commerce Locations: Ukraine, New York

☆ US government shutdowns don’t send markets tanking, but the coast is far from clear
▼ + stars: | 2023-09-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

During the most recent government shutdown in 2019, the S&P 500 rose more than 10%. The S&P 500 on Tuesday logged its lowest close since June and fell below the threshold it passed that same month to enter a new bull run. The S&P 500 has gained 0.5% on average during the month following the end of a shutdown and 1.5% during the period three months after. Meta’s Zuckerberg unveils Quest 3Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3, reports my colleague Jennifer Korn. The Meta Quest 2 allows for strictly virtual reality, while the Meta Quest Pro has advanced passthrough cameras for seeing your actual surroundings, but it costs a whopping $1,000.

Persons: shutdowns, ”, Steven Wieting, Goldman Sachs, Jeffrey Roach, Ned Davis, Meta’s Zuckerberg, Jennifer Korn, Mark Zuckerberg, Jeanne Sahadi, Read Organizations: CNN Business, Bell, CNN, Strategas Research Partners, Citi Global Wealth, Reserve, LPL, Fed, Stocks, Ned Davis Research, Meta, Pro, Fortune, Pew Research Center, Pew Locations: United States

☆ Tanks and troops out in the open in Ukraine can't go 10 minutes without being spotted and fired upon, Ukrainian official says
▼ + stars: | 2023-09-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Tanks and troops out in the open can now be spotted in five minutes, a Ukrainian official said. Vadym Skibitsky told The Wall Street Journal that they can be hit in a further three minutes. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementRussia and Ukraine are both deploying thousands of drones on the battlefield, and are using cheap drones to target each other's forces.

Persons: Vadym Skibitsky, —, Maj, Ukraine's, Skibitsky, Bradley Crawford, Mykhailo Fedorov Organizations: Wall Street Journal, Service, Wall Street, US Army, Ukraine's, Digital Transformation, Royal United Services Institute, Ukraine, Washington Post Locations: Ukraine, Russia, Iraq

☆ Coal makes a quiet resurgence in the clean energy era
▼ + stars: | 2023-09-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

CNN —As momentum shifts toward clean energy, coal has had some unexpected staying power. A new report by the International Energy Agency found that global coal demand hit an all-time high in 2022 amid the energy crisis, eclipsing the previous record set in 2013. For example, Panasonic built a new electric vehicle plant in Kansas to aid its transition to clean energy. Why it matters: Coal, the highest carbon emitting and dirtiest energy source, is the single biggest contributor to human-created climate change. The Hollywood writers’ strike is overThe Hollywood writers’ strike is finally over after 148 days.

Persons: Goldman Sachs, Goldman, “, Dow tumbles, It’s, Stocks, Krystal Hur, ”, Bill Adams, Moody’s Organizations: CNN Business, Bell, CNN, Commodities, Bloomberg, International Energy Agency, IEA, Panasonic, Federal Reserve, Dow Jones, Nasdaq, Fed, Silicon Valley Bank, Signature Bank, Comerica Bank, Government, Fitch, Hollywood, Writers Guild of America, WGA, SAG Locations: Ukraine, Europe, United States, Kansas

☆ Dow tumbles nearly 400 points, notching biggest one-day drop since March
▼ + stars: | 2023-09-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —Stocks tumbled Tuesday after a slew of economic data stoked fears about the US economy’s cloudy outlook and further interest rate hikes from the Federal Reserve. The Dow Jones Industrial Average fell 388 points, or 1.1%, its biggest one-day decline since March. The stock market remains in a bull market, however — it would need to fall 20% from its peak to enter bear territory. “The Fed will see the reacceleration of house prices as a reason to keep interest rates higher for longer,” said Bill Adams, chief economist at Comerica Bank. JPMorgan Chase CEO Jamie Dimon said Tuesday in an interview with the Times of India that he is preparing the bank’s clients for a 7% interest rate scenario, further spooking investors.

Persons: Stocks, ”, Bill Adams, paring, Brent, JPMorgan Chase, Jamie Dimon, Moody’s Organizations: New, New York CNN, Federal Reserve, Dow Jones, Nasdaq, Comerica Bank, Fed, Silicon Valley Bank, Signature Bank, West Texas, JPMorgan, Times, Fitch Locations: New York, Times of India

☆ Russian soldiers captured a Ukrainian exploding drone — then it blew up and killed several of them: report
▼ + stars: | 2023-09-26 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Russian soldiers intercepted a Ukrainian drone and successfully landed it, the Kyiv Post reported. But as they were photographing the drone, it blew up, Ukrainian intelligence told the outlet. AdvertisementAdvertisementRussian soldiers were inspecting a captured Ukrainian drone they had seized when it blew up and killed some of them, The Kyiv Post reported on Monday. A source in Ukrainian military intelligence (HUR) told the outlet the Russian soldiers hacked the drone's control systems and were able to land it in Kursk, some 50 miles inside Russian territory. AdvertisementAdvertisementIt is unclear how many died, but there were several senior people in the group, Kyiv Post reported, citing the intelligence source.

Persons: —, HUR, Steve Wright Organizations: Kyiv Post, Service, Royal United Services Institute Locations: Ukrainian, Kyiv, Kursk, Ukraine, Moscow, Russia

☆ Russian officers who hadn't been paid by Moscow sold key intel on the Black Sea Fleet to Ukrainian resistance fighters. Then the headquarters blew up.
▼ + stars: | 2023-09-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russian officers reportedly leaked sensitive intel on the Black Sea Fleet to Ukrainian partisans. Ukrainian later targeted the Black Sea Fleet's headquarters in a huge missile strike last week. AdvertisementAdvertisementAfter missing their anticipated salary payments, Russian officers decided to leak sensitive information about Moscow's Black Sea Fleet to a Ukrainian partisan movement. It is not clear how much money was offered to the Russian officers, nor are the identities of these officers known. ATESH said they had access to activities of the Black Sea Fleet's leadership though.

Persons: hadn't, —, Viktor Sokolov, ATESH, Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: intel, Black, Fleet, Kyiv Post, Service, Russian Federation, Friday, Special Operations Forces, Security Service of Ukraine, Ukrainian, Directorate of Intelligence, Sea Navy, PBC, Handout, REUTERS Locations: Ukrainian, Kyiv, Moscow, Crimean, Tatars, Crimea, Sevastopol, Russian, Ukraine, Ukrainian Crimea

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