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Morning Bid: US stocks try to outrun the gloom
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +3 min
A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. REUTERS/Brendan McDermidA look at the day ahead in U.S. and global markets by Harry RobertsonIt's been a tough little patch for U.S. stocks, with the benchmark S&P 500 index (.SPX) falling for five of the last six sessions. Things look a little brighter this morning, with U.S. stock futures up slightly and European equities (.STOXX) rising in the morning session. Italy's decision to water down the bank tax which shook markets on Tuesday has helped restore some confidence, particularly in Europe. As of Wednesday, however, the greenback was on track for its fourth straight weekly increase - hardly a bullish sign for global markets.
Persons: Brendan McDermid, Harry Robertson It's, It's, we've, Timothy Graf, Street's Graf, Harry Robertson, David Evans Organizations: New York Stock Exchange, REUTERS, U.S, Reuters, Walt Disney Company, Thomson Locations: New York, U.S, Europe
Meredith Kopit Levien, the company’s president and chief executive, said in a statement that more than a third of the nearly 10 million subscribers were now subscribed to more than one Times product. She said more than half of the new digital subscribers added in the last quarter subscribed to the entire bundle of products that The Times offers. Advertising revenue more than doubled in that period, to $5.4 million. At the end of the quarter, there were more than 3.6 million subscribers with either a stand-alone Athletic subscription or who can access the sports site through a Times bundle subscription. Last month, The Times said it would disband its sports desk in the coming months and instead integrate more sports coverage from The Athletic.
Persons: Meredith Kopit Levien, ” Ms, Levien Organizations: Times, Athletic, The Athletic
One listing quickly became two, then a full-fledged property management business, called Be Still Getaways, in 2020. This year, Be Still Getaways is on track to bring in $3 million, according to documents reviewed by CNBC Make It. For the first two and half years of Be Still Getaways, Inlow had to work all three jobs. "I was still working full-time [outside of] Be Still Getaways, and that is how we scale." Here's how Inlow scaled her company, and how she plans to build in more work-life balance as the business grows.
Persons: Jamie Stark Inlow, Inlow, Jamie Inlow's, Mark Petruniak, we'll, Jamie Inlow, Getaways, Sydney Robertson, It's Organizations: University of Virginia, CNBC, Airbnb, Carriage, Carriage House, Cape Charles Locations: Scottsville , Virginia, Virginia, Virginia's
Mass shooters do not often end up on trial. Many are killed or take their own lives in their attacks, some leaving behind a manifesto explaining why they acted, others leaving a mystery. From the testimony of prominent psychiatrists and aging relatives emerged a portrait of the gunman, Robert Bowers, that was at once shocking and strangely familiar. It depicted an isolated, unhappy man who had grown obsessed with dark and deranged ideas, such as the notion that Jewish people were part of a conspiracy to destroy the white race. “But when you have seen this promoted for 20 years, 40 years, among thousands and thousands of people, in their books and the propaganda and online forums, it’s clear that these are subcultural beliefs.”
Persons: Robert Bowers, , Park Dietz, Locations: Pittsburgh
“Our goal in Saudi Arabia is to develop a unified vision of the formula and to work out the possibilities of holding the future Global Peace Summit,” they said, referring to Ukraine’s peace plan. That summit produced no major headlines, nor a discernable drift to Ukraine’s prerequisite for peace that Russian troops exit Ukraine. Like the roads that led to Rome in its day, Saudi Arabia is increasingly at the confluence of competing global interests. In spring this year, Saudi Arabia and China announced a confidence-building peace plan with Iran to repair their hostile relationship. All of this of course is way outside the scope of the Jeddah peace summit and Russia’s unprovoked war of aggression in Ukraine.
Persons: Prince Mohammed bin Salman, , , Jake Sullivan, Biden, Xi, Putin, It’s, Volodymyr Zelensky’s Organizations: CNN, Saudi, MBS, Peace, National, CNN US State Department, Danes, NATO, African Union Locations: Jeddah, stewing, Ukraine, Russia ”, India, Saudi Arabia, Moscow, , Kyiv, Denmark, Rome, Yemen, China, Iran, Russia, Washington, Saudi, Gulf, Israel, Europe, Africa, St Petersburg, Ukrainian
The gunman who killed 11 worshipers in a Pittsburgh synagogue will be formally sentenced to death on Thursday morning by the judge who presided over the three-month trial in U.S. district court. Jurors in the case decided on Wednesday that the gunman, Robert Bowers, should be given the death penalty, and the judge, Robert Colville, is bound by the jury’s decision. But the hearing could be more than the imposition of the sentence. Family members of those who were killed will have a chance “to share the impact of their losses, to describe how the defendant’s crimes have impacted them and their families,” said Eric Olshan, the U.S. attorney for the Western District of Pennsylvania. Unlike the penalty phase of the trial, when some relatives were called to testify and asked about the magnitude of their losses, Thursday’s hearing will allow them to speak on their own terms.
Persons: Robert Bowers, Robert Colville, , Eric Olshan Organizations: Western, Western District of Locations: Pittsburgh, U.S, Western District, Western District of Pennsylvania
Big central banks hike again with end of tightening in sight
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +5 min
LONDON, Aug 3 (Reuters) - Major central banks are tentatively eyeing the end of aggressive interest rate hikes as price pressures finally show signs of abating. So far, nine developed economies have raised rates by a combined 3,865 basis points (bps) in this cycle. This may have marked the end of a 20-month hiking cycle, with economists polled by Reuters expecting the central bank to stay put for the rest of 2023. Canada's inflation rate fell to 2.8% in June. Reuters Graphics10) JAPANThe Bank of Japan, the world's most dovish major central bank, kept its interest rate target at -0.1% in July, but shook markets by making its yield curve control policy more flexible.
Persons: Jerome Powell, BoE, Riksbank, Nell Mackenzie, Alun John, Naomi Rovnick, Harry Robertson, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Tomasz Janowski, Toby Chopra Organizations: UNITED, Federal Reserve, ZEALAND, Reserve Bank of New, Reuters, BRITAIN, Bank of England, bps, Bank of Canada, BoC, European Central Bank, ECB, Reserve Bank of Australia, Norges Bank, Swiss, Bank of Japan, Thomson Locations: Japan, Reserve Bank of New Zealand, NORWAY, SWEDEN, SWITZERLAND Swiss, JAPAN
PinnedThe massacre of 11 worshipers at a Pittsburgh synagogue in 2018 is considered the deadliest antisemitic attack in U.S. history. “Finally, justice has been served,” said Leigh Stein, whose father, Dan Stein, was killed in the attack. Image Relatives of the victims of the Pittsburgh synagogue mass shooting spoke on Wednesday after jurors recommended that the gunman be sentenced to death. The defense called no witnesses in that part of the trial, as there was never any dispute that Mr. Bowers had carried out the attack. The police rushed to the synagogue and, after exchanging gunfire with Mr. Bowers, eventually cornered him in a classroom.
Persons: Robert Bowers, , , Leigh Stein, Dan Stein, Biden, ” Merrick, Garland, Robert Colville, Justin Merriman, Howard Fienberg, Joyce Fienberg, we’ve, ” Weeks, Bowers, Dor Hadash —, Cecil, David Rosenthal, Fienberg, Irving Younger, Sylvan Simon, Simon’s, Bernice, Rose Mallinger, Jerry Rabinowitz, Dor Hadash, Richard Gottfried, Stein, Melvin Wax, Judy Clarke, Satan, Ms, Clarke, ” Eric Olshan, “ It’s, that’s, Doris Dyen, Jon Moss Organizations: , Justice Department, The New York Times, Jewish Community Center of Greater, ., New, Prosecutors, Western, Western District of Locations: Pittsburgh, U.S, Jewish Community Center of Greater Pittsburgh, Western District, Western District of Pennsylvania
Some said that as raw and painful as the trial was at moments, it was the first time that they had truly learned what happened that day. To others, it signified a break with a long and tragic history of governments looking away when Jewish people were targets of violence. That this is where we are, this is where we’ve been, and this country is where we belong. We remain a part of it and we always will.”Weeks before deciding that Mr. Bowers should be sentenced to death, the same jury found him guilty on all 63 of the federal counts that he had been facing, including an array of hate crimes. The defense called no witnesses in that part of the trial, as there was never any dispute that Mr. Bowers had carried out the attack.
Persons: , Howard Fienberg, Joyce Fienberg, we’ve, ” Weeks, Bowers, Dor Hadash —
The pews were full at a Shabbat service at the Sixth & I synagogue in Washington in November 2018, held in memory of the victims of the Pittsburgh synagogue shooting. Over the nearly five years since 11 people were murdered in a Pittsburgh synagogue, the deadliest antisemitic attack in the country’s history, the question of justice has loomed, unresolved. Soon, the jury in the federal trial will make a decision that is central to that question of justice: whether Robert Bowers, the man who carried out the attack, should be condemned to death. Talmudic jurisprudence is strongly averse to the death penalty, Rabbi Kalmanofsky said, but Jewish citizens should understand that this is ultimately a decision in the hands of a secular justice system. And while rabbinical tradition holds that the death penalty should be extremely rare, he said, it acknowledges “that sometimes there are incredibly exigent circumstances.”
Persons: Robert Bowers, Jonathan Perlman, ” Miri Rabinowitz, Jerry Rabinowitz, Jeremy Kalmanofsky, Rabbi Kalmanofsky, Organizations: The Pittsburgh Jewish Chronicle, New, U.S, Attorney, Conservative Locations: Washington, Pittsburgh, The Pittsburgh
MLB roundup: Astros' Framber Valdez no-hits Guardians
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +12 min
Elias Diaz had three doubles and Jurickson Profar also had three hits for the Rockies, who have lost five of their past seven games. Eugenio Suarez homered and drove in three runs for the Mariners, who lost for just the second time in their past seven games. Pirates 4, Tigers 1Liover Peguero hit a two-run homer and Johan Oviedo pitched seven strong innings as Pittsburgh topped visiting Detroit. He set the record with 130 innings pitched last year and broke it on Tuesday at 123 1/3 innings. Orioles 13, Blue Jays 3Anthony Santander was 3-for-4 with a grand slam and right-hander Kyle Bradish pitched seven innings to lead visiting Baltimore past Toronto.
Persons: Framber Valdez, Troy, Oscar Gonzalez, Valdez, Kyle Tucker, Gavin Williams, Dansby Swanson, Cody Bellinger, Mike Tauchman, Nico Hoerner, Patrick Wisdom, Miguel Amaya, Justin Steele, Tyler Stephenson, Matt McLain, Cincinnati's Ben Lively, Juan Soto, Fernando Tatis Jr, Jake Cronenworth, Robert Suarez, Ryan McMahon, Elias Diaz, Jurickson Profar, Peter Lambert, Alex Verdugo, Reese McGuire, Brayan Bello, Bello, Kenley Jansen, Eugenio Suarez, Bryce Miller, Lance Lynn, Enrique Hernandez, Clayton Kershaw, Mookie Betts, Chris Taylor, Ken Waldichuk, James Outman, Tayler Scott, Waldichuk, Hernandez, Peguero, Johan Oviedo, Endy Rodriguez, Josh Palacios, Akil Baddoo, Matt Manning, Zach Eflin, Randy Arozarena, Yandy Diaz, Carlos Rodon, Michael Harris, Spencer Strider's, Patrick Sandoval, Ozzie Albies, Matt Olson's, Donovan Solano, Louis, Pablo Lopez, Jhoan Duran, Tyler O'Neill's, Miles Mikolas, Bryce Harper, Nick Castellanos, Sandy Alcantara, David Robertson, Philadelphia's Seranthony Dominguez, Gregory Soto, Luis Arraez, MJ Melendez, Francisco Alvarez, Carlos Hernandez, Bobby Witt Jr, Brooks Raley, Maikel Garcia, Witt, Josh Walker, Melendez, Pete Alonso, Garcia, Brice Turang, Joey Wiemer, Andruw Monasterio, William Contreras, Freddy Peralta, Josiah Gray, CJ Abrams, Jake Alu, Anthony Santander, Kyle Bradish, Gunnar Henderson, Hyun Jin Ryu, Tommy John, Danny Jansen, Mitch Garver, Adolis Garcia, Andrew Heaney, Heaney, Josh Sborz, Aroldis Chapman, Will Smith, Jesse Scholtens, LaMonte Wade Jr, Brandon Crawford, Lourdes Gurriel Jr, Alek Thomas, Ketel Marte, Miguel Castro, Wade, Ryan Walker Organizations: Houston Astros, Cleveland Guardians, Cubs, Reds, National League Central, Wrigley Field, Padres, Rockies, Colorado, Red Sox, Mariners, Boston, Dodgers, Athletics, Los Angeles, Oakland, Chicago White Sox, Toronto Blue Jays, Cincinnati Reds, Tigers, Pittsburgh, Detroit, Pirates, Oviedo, Yankees, Tampa Bay, Rays, Braves, Angels, Atlanta, Cardinals, Minnesota, Phillies, Marlins, Philadelphia, Miami, New York Mets, Royals, Mets, Kansas City, New York, Brewers, Nationals, Milwaukee, Washington, Orioles, Blue Jays, Baltimore, Toronto, Brandon, Rangers, White Sox, Texas, Chicago, Giants, Diamondbacks, San, National League West, Thomson Locations: Houston , Texas, USA, Troy Taormina, Cincinnati, Chicago, Diego, Denver, Seattle, Angeles, Los Angeles, Tampa, New York, Atlanta, Los, New, Toronto, Arlington , Texas, San Francisco, Arizona
Phillies aim to continue winning ways vs. Marlins
  + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
August 2 - The Philadelphia Phillies will look to record their third straight victory in their four-game series against the host Miami Marlins on Wednesday night. Miami also sent stellar pitching prospect Jake Eder to the Chicago White Sox for third baseman Jake Burger. Finally, the Marlins sent first baseman Garrett Cooper and right-handed pitcher Sean Reynolds to San Diego for pitcher Ryan Weathers. "It's hard to see a couple of those guys leave," Marlins manager Skip Schumaker said following Tuesday's game. Unfortunately for the Marlins, Robertson squandered a save chance on Tuesday.
Persons: Michael Lorenzen, Lorenzen, Josh Bell, Jean Segura, Kahlil Watson, Miami, Jake Eder, Jake Burger, Garrett Cooper, Sean Reynolds, Ryan Weathers, David Robertson, Jorge Lopez, Skip Schumaker, Segura, Cooper, Zack Wheeler, Braxton Garrett, Wheeler, Garrett, Robertson, Bryce Harper, Nick Castellanos, Kyle Schwarber stunk, Castellanos Organizations: Philadelphia Phillies, Miami Marlins, Phillies, Detroit Tigers, Tigers, Marlins, Miami, Chicago White Sox, Thomson Locations: Philadelphia, Miami, San Diego
Meta, the company behind Facebook and Instagram, has started blocking news articles on its social networking services in Canada. Content posted on Facebook and Instagram by both local Canadian news outlets and international outlets will not be visible to Canadians using the platforms. Canada passed the Online News Act in June, joining a push by numerous governments to force big social media companies to compensate news organizations. The Canadian bill requires the platforms and search engines to negotiate with news publishers to license their content. Meta had previously signaled that it would block news access in response to the Canadian law.
Persons: ” Meta, Meta Organizations: Facebook Locations: Canada
Phillies rally in ninth to stun Marlins
  + stars: | 2023-08-02 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/29] Aug 1, 2023; Miami, Florida, USA; Philadelphia Phillies starting pitcher Ranger Suarez (55) delivers a pitch against the Miami Marlins during the first inning at loanDepot Park. Mandatory Credit: Sam Navarro-USA TODAY SportsAugust 2 - Bryce Harper hit a game-tying double in the ninth inning and Nick Castellanos followed with a go-ahead, two-run home run to rally the visiting Philadelphia Phillies past the Miami Marlins 3-1 on Tuesday night. The Marlins opened the scoring in the third as Arraez and De La Cruz singled to start the rally. Garcia followed with an RBI double. Garcia followed with a popout to shortstop Trea Turner.
Persons: Ranger Suarez, Sam Navarro, Bryce Harper, Nick Castellanos, Reigning National League Cy Young, Sandy Alcantara, David Robertson, Kyle Schwarber, Robertson, Jake Cave, Harper, Bryan De La Cruz, Castellanos, Philadelphia's Seranthony Dominguez, Luis Arraez, Avisail Garcia, Garcia, Jorge Soler, De La Cruz, Jesus Sanchez, Jon Berti, Jacob Stallings, Stallings, Bryson Stott, Garrett Stubbs, Arraez, Soler, Trea Turner, Brandon Marsh, Marsh Organizations: Philadelphia Phillies, Miami Marlins, USA, Reigning National League, New York Mets, Marlins, Miami, The Marlins, Phillies, Thomson Locations: Miami , Florida, USA, loanDepot
Over the two trading days since, the market has tried to second-guess the pace at which the BOJ wants yields to move, while the BOJ has run special bond-buying operations to cap yields. "There is only a very, very small possibility of a sudden or very steep rise in JGB yields, because too many people want to buy the bonds. The maximum yield investors demanded was 0.6%, just 10 basis points (bps) above the previous policy cap. The promise of an extra 10-20 bps of JGB yield means 10-year JGBs hedged from dollars into yen can yield upwards of 6%. As per BOJ data, lifers and pension funds held roughly 26% of a 1,132 trillion yen ($7.93 trillion) JGB market at the end of 2019.
Persons: It's, we've, Ales Koutny, Rong Ren Goh, BOJ, Tomoya Masanao, Masanao, Rae Wee, Tom Westbrook, Harry Robertson, Alun John, Vidya Ranganathan, Himani Sarkar Organizations: Bank of Japan, JGBs, Vanguard Asset Management, Eastspring Investments, Foreigners, U.S, Nippon Life, Asia Pacific, Thomson Locations: SINGAPORE, TOKYO, United States, Europe, Singapore, JGBs, Belgian, Japan, PIMCO, Sydney, London
Once you have people in your corner, start with a free product and graduate to a paid product. That means you don't need heaps of leads or millions of followers on social media. Offering a free product may make you feel like you want to pee your pants. But what you need to do is get over it and offer a free product, which will be the foundation for a paid product later. This one technique has made the goal of making seven figures online attainable for so many more people.
Persons: Tim Denning, Get, it's, Dan Koe, Dan Go, Matt Grey, Todd Brison, Zach Progob, Dakota Robertson, I've, bro, Nicolas Cole, Ali Abdaal, Read, That's, you've, Tim Ferriss, Doreen, she'd, it'll Organizations: Service, CNBC Locations: Wall, Silicon, Australian
MLB roundup: Mets beat Nats for Justin Verlander's 250th win
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +11 min
Williams allowed five runs on seven hits and four walks while striking out two over four innings. Left-hander Tyler Anderson gave up one run on seven hits over 6 1/3 innings, and Carlos Estevez (5-1) earned the win. Yarbrough (4-5) needed just 78 pitches to complete seven innings, allowing a run on seven hits with five strikeouts and no walks. He allowed three runs on seven hits with six strikeouts and two walks as the Diamondbacks lost for the eighth time in 10 games. The Rangers pulled to within a run in the top of the sixth on Marcus Semien's two-run single off Padres reliever Nick Martinez.
Persons: Justin Verlander, John Jones, CJ Abrams, Pete Alonso, Trevor Williams, Francisco Lindor, Ildemaro Vargas, Williams, Joc Pederson, Tristan Beck, Patrick Bailey, Casey Schmitt, Brandon Crawford bunted, Mauricio Llovera, Justin Turner, Adam Duvall, Hunter Renfroe, Renfroe, Tyler Anderson, Carlos Estevez, Yimi Garcia, Whit Merrifield, Vladimir Guerrero Jr, Adam Frazier, Adley Rutschman, Anthony Santander's, Gunnar Henderson, Ryan O'Hearn's, Mike Baumann, Dean Kremer, Luis Severino, Matt Olson, Milwaukee . Olson, Joel Payamps, Austin Riley, Marcell Ozuna, Ronald Acuna Jr, Kirby Yates, Christian Yelich, Carlos Santana, William Contreras, Josh Palacios, Bryan Reynolds, Angel Perdomo, Andrew Vasquez, Alec Bohm, Bryce Harper, Cristopher Sanchez, Garrett Cooper, Jean Segura, Avisail Garcia, Jorge Lopez, David Robertson, Miguel Cabrera, Kerry Carpenter, Ryan Yarbrough's, Yarbrough, Freddy Fermin, Kenta, Matt Wallner, Maikel, Josh Lowe, Brandon Lowe, Zack Littell, Kyle Tucker, Alex Bregman, Brandon Bielak, Jose Ramirez, Aaron Civale, Ramirez, Luis Robert Jr, Tim Anderson, Yoan Moncada, Andrew Vaughn, Michael Kopech, Steven Matz, Giovanny Gallegos, JoJo Romero, Louis, Matz, Tyler O'Neill, Andrew Knizner, Paul Goldschmidt, Kyle Hendricks, Ryan McMahon, Ty Blach, Nolan Jones, Justin Lawrence, Ramon Laureano, Elly De La Cruz, Matt McLain, Joey Votto, De La Cruz, Graham Ashcraft, Freddie Freeman, J.D, Martinez, Will Smith, Michael Grove, Luis Castillo, J.P, Crawford, Castillo, Merrill Kelly, Gary Sanchez, Blake Snell didn't, Sanchez, Jose Leclerc, Brock Burke, Marcus Semien's, Nick Martinez, Josh Hader, Hader, Josh Jung Organizations: New York Mets, Washington Nationals, Citi Field, USA, Nationals, Giants, Red Sox, San Francisco, Boston, Blue Jays, Los Angeles, Toronto, Angels, Orioles, Yankees, New, Baltimore, Santander, Braves, Brewers, Atlanta, Milwaukee, Pirates, Phillies, Pittsburgh, Philadelphia, Marlins, Tigers, Miami, Royals, Kansas City, Minnesota, Rays, Astros, Tampa Bay, Houston, White Sox, Cleveland, Chicago, Cardinals, Cubs, Rockies, Athletics, Colorado, Oakland, Dodgers, Reds, Cincinnati, Los, Mariners, Diamondbacks, Arizona, Padres, Rangers, San, Texas, Thomson Locations: New York City , New York, USA, San, New York, Milwaukee, Detroit, Denver, Los Angeles, Seattle, Phoenix, Arizona, Diego, Texas, San Diego, Nick Martinez . Texas
The Mets’ superfan owner, Steven A. Cohen, committed nearly half a billion dollars this season to learn a timeless lesson easily forgotten when pursuing World Series glory: Money guarantees nothing. Early Friday morning, the Mets shipped the team’s closer, David Robertson, to the Miami Marlins for two teenage prospects. As part of the deal, Scherzer will exercise his $43.3 million player option for 2024. “We put ourselves in this position,” Scherzer told reporters at Citi Field on Friday after beating Washington, the only team trailing the Mets in the National League East. I’ve had a hand in that for why we’re in the position that we’re at.
Persons: Steven A, Cohen, David Robertson, Max Scherzer, Luisangel Acuña, Ronald Acuña Jr, Scherzer, , ” Scherzer, haven’t, I’ve, Can’t, Organizations: Mets, Miami Marlins, Hall of Fame, Texas Rangers, Luisangel, Citi Field, Washington, National League East
Nearly a year after 11 people were murdered in the Pittsburgh synagogue where he worshiped, Stephen Cohen wrote a letter to the U.S. attorney general. The Justice Department had not yet declared its intent to seek a death sentence in the case, and Mr. Cohen, the co-president of New Light, one of the three congregations that met in the Tree of Life synagogue, wanted to weigh in. Weeks later, the Justice Department announced it would seek the death penalty, and the trial that has unfolded in a federal courthouse over the past three months has been even more harrowing than he anticipated. But his view of the issue has changed. “Whether he gets put to death or not, I leave in the hands of 12 men and women who will make that decision, and God bless them for whatever decision they make.
Persons: Stephen Cohen, Cohen, , , Weeks Organizations: The Justice Department, New, Justice Department Locations: Pittsburgh,
SLOWLY, STEADILYBOJ sources say the central bank is leaning towards keeping its yield control policy unchanged as policymakers wait for data to affirm wages and inflation will keep rising. The benchmark 10-year JGB yield also retreated to 0.445% from as high as 0.485%. "We don't short the JGB market. In part, it's an expensive thing to do - as you know, the Bank of Japan owns 110% of the 10-year JGB market," he said. "Nobody's calling for them to hike aggressively, just bringing some function back to the JGB market, allowing themselves to step away because the data has given them an opportunity to do so.
Persons: Jimmy Lim, Lim, Kazuo Ueda, Nigel Foo, Haruhiko Kuroda, Jim Leaviss, Leaviss, Michael Michaelides, Ales Koutny, James Athey, Athey, Kevin Buckland, Ankur Banerjee, Summer Zhen, Alun John, Divya Chowdhury, Harry Robertson, Vidya Ranganathan, Edmund Klamann Organizations: Bank of Japan, Management, ING, Investors, G Investments, Vanguard, Thomson Locations: TOKYO, Singapore, FSI, abrdn
Big central banks hike again with end in sight
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +5 min
To date, nine developed economies have raised rates by a combined 3,840 basis points (bps) in this cycle. Expectations for a big rate increase have eased after latest data showed inflation fell to a softer-than-expected 7.9% in June. Markets think there's a 50% chance of a 25 bps increase in September, and an equal chance of a hold. Reuters Graphics10) JAPANThe Bank of Japan, the world's most dovish major central bank, concludes a two-day meeting on Friday. The central bank is leaning towards keeping the dial set to dovish, Reuters reported last week.
Persons: Jerome Powell, BoE, Philip Lowe's, Michele Bullock, Riksbank, Kazuo Ueda, Nell Mackenzie, Alun John, Naomi Rovnick, Harry Robertson, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Sharon Singleton Organizations: UNITED, Federal Reserve, ZEALAND, Reserve Bank of New, Reuters, BRITAIN, Bank of England, Bank of Canada, BoC, European Central Bank, Norges Bank, bps, Swiss National Bank, Markets, Bank of Japan, Thomson Locations: Japan, Reserve Bank of New Zealand, AUSTRALIA, NORWAY, Norway, SWEDEN, SWITZERLAND, JAPAN
Deutsche Bank's emerging market carry strategy index had its best year on record in the 12 months to May. Reuters GraphicsOVERCROWDING FEARSInvestors, however, are becoming concerned the carry trade might be becoming too popular for its own good. "You have to be worried about some of these more crowded positions," said Stephen Gallo, European head of FX strategy at BMO Capital Markets. "I think that is big enough to offset any carry trade income," said Yujiro Goto, head of FX strategy for Japan at Nomura. A hypothetical $50,000 invested in a short Norwegian crown, long dollar carry trade in the first three weeks of July would have lost $3,000, according to Refinitiv.
Persons: Refinitiv, Kamakshya Trivedi, Goldman Sachs, Stephen Gallo, Gallo, James Athey, Yujiro Goto, Oliver Brennan, Brennan, Robin Winkler, Goldman's Trivedi, Geoff Yu, BNY Mellon, Harry Robertson, Alun John, Ankur, Rae Wee, Bernadette Baum Organizations: LONDON, Bank of America, FX, Deutsche, Federal Reserve, European Central Bank and Bank of Japan, BMO Capital Markets, Nomura, BNP Paribas, Bank of England, Bank of Japan, Reuters Graphics, Federal, Deutsche Bank, Swiss, Reuters, Korean, BNY, Thomson Locations: SINGAPORE, Japan, European, U.S, America, Asia, London, Singapore
CNN —New Zealand’s justice minister, Kiri Allan, has resigned after facing criminal charges following a car crash, the country’s prime minister, Chris Hipkins, announced on Monday. New Zealand Police charged Allan with “careless use of a motor vehicle and refusing to accompany a police officer,” and also issued an infringement notice for excess breath alcohol, Hipkins said. According to CNN affiliate Newshub, Allan said in a statement Monday that she had “faced a number of personal difficulties” over recent weeks. Hipkins said Ginny Andersen will become justice minister following Allan’s resignation while Kieran McAnulty will take over her responsibilities as regional development minister. Grant Robertson will take over coordinating the response to Cyclone Gabrielle, which lashed New Zealand in February.
Persons: Kiri Allan, Chris Hipkins, Allan, Hipkins, , , ” Allan, MinisterJacinda Arden, ” Kiri Allan, Mark Mitchell, Ginny Andersen, Kieran McAnulty, Grant Robertson, Cyclone Gabrielle Organizations: CNN, New Zealand Police, Newshub, NZ Herald, Labour, Reuters Locations: Wellington , New, New Zealand
Jeff Bezos had purchased The Post for $250 million in 2013, less than a year after Mr. Baron had taken over. Mr. Bezos, who arrived at media ownership after founding Amazon and remaking online shopping, wanted his top editor to transform the newspaper from a regional news organization into a truly global one. But Mr. Bezos, whose representatives kept an eye on the budget, didn’t believe The Post needed to add many new editors to accomplish that task. So, Mr. Baron came up with a workaround, according to his coming memoir. “To avoid setting off alarms up the line, my deputies and I would strip the word ‘editor’ from proposed new positions whenever possible,” Mr. Baron writes.
Persons: Martin Baron, Jeff Bezos, Baron, Bezos, , , Mr, Organizations: The Washington Post
“The July 23 election is just a day for Hun Sen to impose (his choices) onto the Cambodian people,” she said. A former Khmer Rouge commander who switched sides, Hun Sen has ruled Cambodia for nearly four decades. But in more recent years Hun Sen has turned increasingly autocratic – quashing dissent and jailing critics, forcing many to flee overseas. ‘Future prime minister’Political watchers say this Cambodian election will set the stage for Hun Sen’s transition of power to his son Hun Manet. Hun Manet walks past an honour guard during a military ceremony in Phnom Penh on June 18, 2020.
Persons: Cambodia’s, Hun Sen, , crackdowns, Hun Sen’s, , Mu Sochua, , , Bridget Welsh, “ Hun Sen, ” Kenneth Roth, Hun Manet, Tang Chin Sothy, Welsh, ” Hun Manet, Markus Karbaum, ” Karbaum, Phil Robertson, Sam Rainsy, CHARLY TWO, Rainsy, Hun, ” Rainsy, “ I’ve Organizations: CNN, Voters, Cambodian People’s Party, , Women, Veterans ’ Affairs, ” CNN, Human Rights, , Cambodian, US Military Academy, West, New York University, University of Bristol, Getty, Cambodian People's Party, Cambodian National Rescue Party, Party, Human Rights Watch, Facebook, Reuters Locations: Cameroon, Equatorial Guinea, Cambodian, Cambodia, Khmer, China, Phnom Penh, AFP, , Sunday’s, Asia
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