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☆ Pilot Dies After Medical Emergency on Flight From Miami to Chile
▼ + stars: | 2023-08-17 | by ( Chang Che | More About Chang Che | ) www.nytimes.com time to read: +1 min

A pilot for Latam, the Chilean airline, died on Monday after suffering a health emergency on a flight from Miami to Santiago, Chile, that forced the plane to make an emergency landing in Panama, the airline said. The pilot was part of a three-member crew aboard the flight from Miami International Airport to Arturo Merino Benítez International Airport in Santiago, Latam said in a statement on Wednesday. The airline, which is based in Santiago, did not disclose the pilot’s name or the nature of the health problem, but said it was “thankful for his 25 years of service” to the airline. “Latam Group is deeply saddened by this event and takes this opportunity to express our most sincere condolences to the family of our employee,” the company said, adding that the pilot was “distinguished by his dedication, professionalism and enthusiasm.”According to FlightAware, a flight-data tracker, the Latam flight, which typically takes roughly eight hours, took off from Miami at 9:41 p.m. Three hours later, the plane, a Boeing 787, made a quick descent, dropping nearly 30,000 feet in 10 minutes before landing at Tocumen International Airport in Panama City.

Persons: Arturo Merino, Latam, FlightAware Organizations: Miami International Airport, “, Boeing, Tocumen Locations: Chilean, Miami, Santiago, Chile, Panama, Panama City

☆ China may 'miss the 5%' growth target this year as downside risks spread
▼ + stars: | 2023-08-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Greg Baker | Afp | Getty ImagesBEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said. "In such a case, economic momentum may stay subdued in the rest of the year and China may miss this year's growth target of around 5%," she said. China is the world's second-largest economy, and accounted for nearly 18% of global GDP in 2022, according to World Bank data. "We also see bigger downside risk to our 4.9% y-o-y growth forecast for both Q3 and Q4, and it is increasingly possible that annual GDP growth this year will miss the 5.0% mark," the report said. Growth vs. national securityChinese authorities' initial crackdown on real estate developers in 2020 was an attempt to curb their high reliance on growth.

Persons: Greg Baker, Tao Wang, spender, Nomura Ting Lu, Ting Lu, haven't, Louise Loo, Loo, that's, Xiangrong Yu, Gabriel Wildau, Teneo, Wildau Organizations: Afp, Getty, UBS Investment Bank, Bank, China, People's Bank of, Oxford Economics, Zhongrong International Trust, Information, Beijing, CNBC, Baoshang Bank, Anbang Locations: Beijing, BEIJING, China, Asia, People's Bank of China

☆ Publisher of raided Kansas newspaper ‘vindicated’ by prosecutor’s decision to return seized items after backlash
▼ + stars: | 2023-08-16 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

Raids on news organizations, big or small, are exceedingly rare in the US and the Friday seizure of computers, cell phones, and other material from the Marion County Record generated enormous backlash. “RSF welcomes the withdrawal of the search warrant and the return of the Marion County Record’s property, but we still need answers as to how this happened. It’s “still up in the air,” Meyer told Tapper, in response to a question about whether the outlet will file a lawsuit. “A smaller newspaper might be easily intimidated by this,” Meyer told Tapper. “If it weren’t for the outpouring of support we got on this,” Meyer told McMaster, “we’d probably be out of business by now.”

Persons: Eric Meyer, KSHB, Jessica McMaster, —, ” Meyer, “, ”, Joel Ensey, Clayton Weimers, ” Weimers, “ RSF, Jake Tapper, Meyer, It’s “, Tapper, McMaster, “ we’d Organizations: CNN, Marion County, Wednesday, Press Locations: Marion, Marion County, Kansas

☆ Poland to hold biggest military parade in decades, as its clout in Europe grows
▼ + stars: | 2023-08-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +9 min

Kacper Pempel/ReutersPolish military vehicles are seen during a Saturday rehearsal for this week's parade in Warsaw. “Nobody is going to say that military security is not an important issue and that we shouldn’t be strengthening the military. With the UK out of the European Union and Germany still hesitant to take on a leadership role on Ukraine, Poland has sensed its opportunity. In November, two people were killed in eastern Poland, about four miles (6.4 kilometers) west of the Ukrainian border, by a Ukrainian missile defending against incoming Russian fire. Belarusian President Alexander Lukashenko asked the group to help train his country’s military, and earlier this month the two forces held joint training exercises near the Polish border.

Persons: Russian Wagner, Kacper Pempel, Pawel Supernak, ” Edward Arnold, Arnold, Aleks, ”, Jamie Shea, Putin, ” Arnold, ” Shea, Abrams, “, Dominika, Wagner, Alexander Lukashenko, Mariusz Blaszczak, Lukashenko Organizations: CNN, NATO, Poland’s Defense Ministry, Polish, Russia’s, Abrams, University of Sussex, University of Exeter, Chatham House, Eastern Europe …, European Union, Ukraine, United Nations, “, Polish Army, Getty, Kremlin . Locations: Poland, Belarus, Korean, Crimea, Ukraine, Russian, Kaliningrad, Warsaw, Russia, Polish, Soviet, North Korea, Iran, Communist Poland, England, East, Afghanistan, Central, Eastern Europe, Germany, France, Washington, Ukraine Poland, South Korea, Italy, Polanka Wielka, Ukrainian, Minsk

☆ Insight: Insurers poised for US break on investment losses from high rates
▼ + stars: | 2023-08-14 | by ( Koh Gui Qing | ) www.reuters.com time to read: +7 min

A negative IMR forces insurers to tap pots of money they would have otherwise spent on their business or returned to shareholders. Among those insurers are Prudential Financial (PRU.N), OneAmerica Financial Partners, Principal Financial (PFG.O) and Massachusetts Mutual Life Insurance Company, according to Fitch. That compares to $1.8 billion in net fixed income-related losses Prudential recorded in 2022. They do not give banks the option of deferring interest rate-related losses, fearing excesses that led to the 2008 financial crisis. DEFERRING LOSSESFollowing the rule change, insurers will be allowed to amortize interest rate-related losses over time equivalent to 10% of their statutory surplus.

Persons: Dado Ruvic, Fitch, Edward Stone, Stone, Ken Tanji, MassMutual, OneAmerica, Steven Zabel, Zabel, Koh Gui Qing, David French, Greg Roumeliotis, Anna Driver Organizations: Prudential Financial, REUTERS, SEATTLE, Sunday, National Association of Insurance, Reuters, Federal Reserve, OneAmerica Financial Partners, Massachusetts Mutual Life Insurance, Prudential, Silicon Valley Bank, First Republic Bank, Insurance, American Council of, Equitable Holdings, MetLife, U.S . Securities, Exchange Commission, SEC, MassMutual, OneAmerica, Financial, Unum, Thomson Locations: United States, U.S, Seattle, Fitch, Silicon, New York

Those winds also battered power lines on the island, and dramatic videos show lines swaying and being toppled in the gusts. Now, some locals are casting blame on Hawaiian Electric, the state’s biggest utility, for not shutting off power to high-risk areas – and claiming that its power lines could have sparked the deadly fire. State officials were well aware of the danger posed by downed power lines during hurricanes. A 2021 state report noted that “downed power lines” and “residential and wildland fires” were hazards related to hurricanes. Maui Mayor Richard Bissen said Thursday that power lines that were “still energized” had fallen on the roads.

Persons: Shane Treu, Treu, ” Treu, kindling, Lisa Treu, –, ”, “, Hurricane Dora, “ inexcusably, Jim Kelly, ” Kelly, Kelly, Richard Bissen, Yuri Iwamura, hydrants –, Cole Millington, Millington, Bradford Ventura, Adam Weintraub, ” Weintraub, Jill Tokuda, Keahi Ho, John Stufflebean, Josh Green, Anne Lopez, ” Green, “ It’s, Dora, Abby Frazier, Dora inched, Josh Stanbro Organizations: CNN, Hawaii Army National Guard, Hawaii National Guard, Reuters, Electric, National Weather Service, Hawaiian Electric Company, Public Utilities Commission, Hawaii Wildfire Management Organization, Maui, Volunteers, Getty, Facebook, Bradford, Hawaii Emergency Management Agency, Democrat, New York Times, Maui County Department of Water Supply, Times, Government, Hawaii Gov, Clark University Locations: Mauna, Lahaina, Maui, Hawaii, County, California, Paradise, West Maui, Maalaea, AFP, “, Maui County, United States, Massachusetts

☆ How ESPN's $2 billion deal with Penn Entertainment could shake up sports betting, from reinvigorating competition to evolving media's relationship with gambling
▼ + stars: | 2023-08-14 | by ( Ashley Rodriguez | Margaret Fleming | Lucia Moses | ) www.businessinsider.com time to read: +11 min

Many view the deal as a "win-win" for ESPN, Penn, and its former partner Barstool Sports. Industry insiders say the deal could signal a potential ESPN spinoff, disrupt competition, and more. Here's what industry insiders are saying about the deal:1. FanDuel and DraftKings dominate US online sports-betting and gambling market share, followed by BetMGM, according to a July report from Macquarie that analyzed Vixio data. Industry insiders like affiliate-marketing company Gambling.com Group's Max Bichsel aren't sure about that prediction.

Persons: Barstool, Bob Iger, Penn, sportsbooks, who's, Chris Grove, Dave Portnoy, Portnoy, Fox's, Sharp, Sharp Alpha Advisor's Lloyd Danzig, Dan, Danzig, Brandon Nispel, he's, Nispel, Kimberly White, FanDuel, BetMGM, Zachary, Max Bichsel aren't, Bichsel, I'm, Grove, It's, DraftKings, let's, FuboTV, hasn't, Fox Bet, Ed Moed, Fox, Dan Wasiolek, Wasiolek Organizations: ESPN, Penn Entertainment, Penn, Barstool Sports . Industry, ESPN Bet, Investors, Acies Investments, Barstool Sports, Sharp Alpha, Disney, KeyBanc, CFRA Research, . Industry, ESPN —, Fox, Maxim Magazine, Sports, Fox Bet, Morningstar Locations: Macquarie, Canada

☆ Gustavsson hails game-changing Matildas as Australia celebrates win
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: +3 min

Record-breaking television and streaming figures plus blanket coverage on the front and back pages of the nation's newspapers greeted the win, and Gustavsson believes his players can be the catalyst for change throughout Australian society. "I genuinely really believe that this team can create history in so many ways, not just winning football games," Gustavsson said. "The why is so much bigger than just football and when that drives you...that is a powerful tool that can be very difficult to stop. Neither nation has ever advanced to a Women's World Cup final and the 49-year-old Swede, who was appointed Australia coach almost three years ago, is relishing another winner-takes-all clash. I know that they're going to celebrate this one, but from tomorrow they're going to be focused again, they're extremely professional and they're on the mission.

Persons: Asanka Brendon Ratnayake BRISBANE, Tony Gustavsson, Herve Renard's, Gustavsson, Swede, they're, Michael Church, Jamie Freed Organizations: Soccer Football, FIFA, Brisbane, REUTERS, France, AFL, England, Thomson Locations: New Zealand, Australia, France, Brisbane, Wednesday's

Many opponents of renewable energy, she added, “are worried about the impacts to their very way of life.”Roadside opposition to renewable energy projects near Baldwin City, Kan. “We see offshore wind as a critical technology,” said Dan Burgess, the director of the Maine Governor’s Energy Office. Across the country, clean energy projects of all types are tied up in lengthy permitting processes. By then, India had not completed any offshore wind projects. Since 2000, the United States has barely built any major transmission lines that connect different regions of the country.

Persons: Scott Dickerson, ”, Biden, Alison Bates, “, Columbia University’s, Dan Burgess, Habib Dagher, Janet Mills, Gregory Wetstone, Mack, James Gillway, SunZia, ” Hunter Armistead, Broussard, There’s, Vaughan Woodruff, Tucker Carlson, Teslas, ” Ali Zaidi, Dagher, Rolf Olsen, who’s Organizations: University of Maine, Sears, Officials, Federal, International Energy Agency, Colby College, White, Columbia, Climate, The University of, Maine Governor’s Energy, Environmental, University of Maine’s, Composites Center, Gov, American Clean Power Association, American Council, Renewable Energy, Environmental Protection Agency, Army Corps of Engineers, . Clean, Union United, China India European Union United States, China European Union United, China India United States European, China United States European Union, China United States European Union India, Energy, The New York Times, United, Pattern Energy, New York State Energy Research, Development Authority, Toyota Prius Locations: Penobscot Bay, Maine, , Maine, United States, Europe, China, Australia, India, Los Angeles, Ohio, Jersey Shore, Waterville , Maine, Baldwin City, Kan, Massachusetts, Ukraine, Gulf, Searsport , Maine, Searsport, Bangor, Mack, West, Union United States, U.S, China United States European Union India, Great, New Mexico, Arizona, California, Riesel , Texas, Energy, San Bernardino County, In Kansas, Atlantic City, N.J, New York, Manhattan, Sears

Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT, Aug 11 (Reuters) - A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in the latest sign of stress in Germany's real estate sector. Weakness in real estate has also emerged in the United States and Sweden. Germany is Europe's largest economy and the biggest real estate investment market on the continent. The property sector accounts for roughly a fifth of Germany's economic output and one in ten jobs.

Persons: Kai Pfaffenbach, Euroboden, Tom Sims, Mark Potter Organizations: REUTERS, Euroboden GmbH, Reuters Graphics Reuters, Partner, Centrum Group, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Munich, Berlin, United States, Sweden

The order is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine U.S. national security. China said on Thursday it is "gravely concerned" about the order and that it reserves the right to take measures. The White House said Biden consulted allies on the plan and incorporated feedback from Group of Seven nations. "Today the United States is taking a strategic first step to ensure American investment does not go to fund Chinese military advancement." Last year, total U.S.-based venture-capital investment in China plummeted to $9.7 billion from $32.9 billion in 2021, according to PitchBook data.

Persons: Joe Biden, Elizabeth Frantz, Biden's, Biden, Chuck Schumer, Marco Rubio, Emily Benson, David Shepardson, Andrea Shalal, Stephen Nellis, Max Cherney, Krystal Hu, Karen Freifeld, Idrees Ali, Liz Lee, Lincoln, Jonathan Oatis, Cynthia Osterman, Michael Perry Organizations: White, REUTERS, Wednesday, U.S, Treasury, Biden, Chinese Commerce Ministry, Seven, Democratic, Republicans, REPUBLICAN, The Semiconductor Industry Association, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Japan, Netherlands, United States, Washington, Beijing

The order is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine U.S. national security. The White House said Biden consulted allies on the plan and incorporated feedback from Group of Seven nations. "Today the United States is taking a strategic first step to ensure American investment does not go to fund Chinese military advancement." Last year, total U.S.-based venture-capital investment in China plummeted to $9.7 billion from $32.9 billion in 2021, according to PitchBook data. The restrictions will hurt both Chinese and American businesses, interfere with normal cooperation and reduce investor confidence in the U.S., he said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Chuck Schumer, Marco Rubio, Emily Benson, David Shepardson, Andrea Shalal, Stephen Nellis, Max Cherney, Krystal Hu, Karen Freifeld, Idrees Ali, Lincoln, Jonathan Oatis, Cynthia Osterman Organizations: White, REUTERS, Wednesday, U.S, Treasury, Biden, Seven, Democratic, Republicans, REPUBLICAN, The Semiconductor Industry Association, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Japan, Netherlands, United States, Washington

☆ China's real estate market roiled by default fears again
▼ + stars: | 2023-08-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Qilai Shen | Bloomberg | Getty ImagesBEIJING — Two years after Evergrande's debt troubles, worries about China's real estate sector are coming to the forefront again. In late July, its top leaders indicated a shift toward greater support for the real estate sector, paving the way for local governments to implement specific policies. For the last several years, Chinese authorities have attempted to curb debt-fueled speculation in the country's massive — and hot — real estate market. Real estate and related industries have accounted for about a quarter of China's economy. He pointed out that since China started its deleveraging campaign in 2016, it is very unlikely the state would step in to bail out real estate developers.

Persons: Qilai Shen, Dalian Wanda, Liu Haibo, Sandra Chow, Nomura, Chow, Evergrande, Redmond Wong, —, Wong, Vanke, that's Organizations: Country Garden Holdings Co, Bloomberg, Getty, BEIJING, Reuters, CNBC, Country, Asia Pacific Research, CreditSights, Fitch, Saxo Markets Hong, China's, House Research, Stock, Poly Development, Research Locations: Baoding, Hebei province, China, Dalian, Hong Kong, Beijing, Saxo Markets Hong Kong

☆ America’s new China curbs eschew scale for smarts
▼ + stars: | 2023-08-10 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

The White House on Wednesday took the wraps off its proposal for screening investments U.S.-based funds make abroad, giving President Joe Biden a new tool for “de-risking” from China. But while the government’s inbound-investment reviews have often proven onerous, the pitch for outbound screening should placate investors and even diplomats. If recipients boast close ties to Chinese military or intelligence capabilities, the department could then block the transaction. Follow @BenWinck on TwitterCONTEXT NEWSU.S. President Joe Biden on Aug. 9 issued an executive order that tasks the Treasury Department with forming an outbound investment screening program. In response to the executive order the Treasury Department issued an Advanced Notice of Proposed Rulemaking seeking comment on the program.

Persons: Joe Biden, Jonathan Ernst, Janet Yellen’s, Antony Currie, Katrina Hamlin Organizations: Auburn Manufacturing, REUTERS, Reuters, Washington, Wednesday, Biden, Regulators, Treasury, Department, Treasury Department, Thomson Locations: U.S, Auburn , Maine, WASHINGTON, China, Washington

☆ Does Information Affect Our Beliefs?
▼ + stars: | 2023-08-09 | by ( Amanda Taub | ) www.nytimes.com time to read: +2 min

‘Filter bubbles’ and democracySometimes the dangerous effects of social media are clear. As a result, they mostly share and see stories from people on their own side of the political spectrum. That “filter bubble” of information supposedly exposes users to increasingly skewed versions of reality, undermining consensus and reducing their understanding of people on the opposing side. “The ‘Filter Bubble’ Explains Why Trump Won and You Didn’t See It Coming,” announced a New York Magazine article a few days after the election. Changing information doesn’t change mindsBut without rigorous testing, it’s been hard to figure out whether the filter bubble effect was real.

Persons: newsfeed, Jair Bolsonaro, Donald Trump, Trump, ”, it’s Organizations: Trump, New York Magazine, Wired Magazine, Meta, Princeton, Dartmouth, University of Pennsylvania Locations: Sri Lanka, Brazil, WhatsApp, Brasília, United States, Stanford

☆ France favourites but Morocco eye another odds-defying result
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

There are 67 places separating fifth-ranked France from Morocco but coach Herve Renard warned his team not to take their opponents lightly after several shocks, with holders U.S. joining former champions Norway and Germany in crashing out. Renard, who previously coached Morocco's men's team, will be up against fellow Frenchman Reynald Pedros, a former France international who has been in charge of Morocco since 2020. Colombia, who upset Germany 2-1, topped Group H to reach the last 16 for a second time. Jamaica - who lost every game on their World Cup debut in 2019 - have yet to concede, having held France and Brazil to goalless draws. Reporting by Hritika Sharma in Hyderabad Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Carl Recine, Herve Renard, Renard, Morocco's, Frenchman Reynald Pedros, Pedros, Allyson Swaby, Lorne Donaldson, Hritika Sharma, Christian Radnedge Organizations: Soccer Football, FIFA, Sydney Football Stadium, REUTERS, U.S, Norway, Morocco's men's, France, South, Australia, England, Panama, Thomson Locations: New Zealand, Panama, France, Sydney, Australia, Adelaide, Jamaica, Colombia, Morocco, Germany, South Korea, Denmark, Melbourne, Nigeria, Brazil, Hyderabad

☆ China is telling economists not to talk about deflation or faltering growth, report says
▼ + stars: | 2023-08-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Beijing is telling economists not to talk about deflation or falling foreign investment, per the FT.Policymakers are mulling how to revive growth but yet to announce a "big bang" stimulus package. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Loading Something is loading. Economists, brokerage analysts, and researchers all told the publication that regulators, their employers, or local media had warned them not to talk about deflation, slumping foreign investment, and faltering growth, the newspaper reported. In July alone, second-quarter growth came in well below economists' expectations, consumer price inflation fell to 0%, and youth unemployment skyrocketed to 21%.

Persons: Xi, – Organizations: Service, Financial Times, Authorities Locations: Beijing, Wall, Silicon, China

A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Sources have told Reuters the Biden administration is likely to adopt new outbound investment restrictions on China in the coming weeks. Japan, the U.S. and Europe have already restricted the sale of high-tech chipmaking tools to Chinese companies while China has hit back by throttling exports of raw materials. To be sure, investment flows often fluctuate and many firms aren't leaving China completely or aren't leaving at all. "A lot of our clients are worried about their exposure to China as a sole country of supply."

Persons: Carlos Barria, Deng Xiaoping, Logan Wright, Biden, John Ramig, Buchalter, Daniel Seeff, Cardigan, Chi Lo, Lee Smith, Baker Donelson, Samuel Shen, Tom Westbrook, Winni Zhou, Jacqueline Wong Organizations: REUTERS, Corporate, China Markets, China's, Administration of Foreign Exchange, Investors, Reuters, Oxford Economics, Ministry of Commerce, Management, Thomson Locations: Pudong, Shanghai, SHANGHAI, SYDNEY, China, Japan, U.S, Europe, Haining, Peru, Hong Kong, Baker, Singapore

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. BEIJING'S DILEMMALocal government debt reached 92 trillion yuan ($12.8 trillion), or 76% of economic output in 2022, up from 62.2% in 2019. To avoid that risk, the adviser suggested all stakeholders bear some of the burden: financial institutions, local governments, Beijing and society at large. From 2015 to 2018, local governments issued some 12 trillion yuan of bonds to swap for off-balance sheet debt. For the local debt problem to stop re-occuring policymakers need to implement profound changes to how the economy works.

Persons: Florence Lo, China's, Guo Tianyong, Logan Wright, ”, Tao Wang, Guo, Rhodium's Wright, Marius Zaharia Organizations: REUTERS, Beijing, Communist Party, Central University of Finance, Economics, Monetary Fund, Reuters, Local, UBS, BBVA, Thomson Locations: Beijing, BEIJING, “, China, Lincoln

☆ Denmark ready to turn party poopers against Australia
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

"We're going to have our own party if we succeed in ruining a party and that part is fine by me. Denmark go into the contest after finishing second in Group D behind England with two wins and a defeat, the same record as Australia, who topped their group. Having made the last 16 at a World Cup for the first time since 1995, Sondergaard said he is leaving no stone unturned to continue their run. Australia captain Sam Kerr missed the team's three group stage games due to injury but should be fit for the Denmark clash. Sondergaard said Australia had shown they were just as good without their talisman, though.

Persons: Carl Recine, Lars Sondergaard, Monday's, Sondergaard, We've, Sam Kerr, Janni Thomsen, haven't, that's, Thomsen, Shrivathsa Sridhar, Tom Hogue Organizations: Soccer Football, FIFA, Sydney Football Stadium, REUTERS, Australia, England, Thomson Locations: New Zealand, England, Denmark, Sydney, Australia, Bengaluru

☆ These 'best-in-class' stocks could bolster your portfolio as market unease resurfaces, analysts say
▼ + stars: | 2023-08-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts named a list of stocks this week that they say could offer protection for investors as market tension rises. "We view Zscaler as a best-in-class, next generation cybersecurity company built for the distributed cloud world," he added. Earlier this week, the firm initiated coverage of the aerospace and defense components company with a buy rating. Zscaler - BTIG, buy rating "Over the last couple of months, we have spoken with seven contacts with a view on ZS, and feedback has been consistently positive. TransDigm Group - Citi, buy rating "The company's focus on proprietary products & lean operations affords pricing power and margin expansion potential.

Persons: Jason Kupferberg, Kupferberg, TOST, Zscaler, Gray Powell, Powell, Jason Gursky, Gursky, TransDigm, BURL, ROST, LULU, NetEase, Morgan Stanley Organizations: CNBC, Urban Outfitters, Toast Bank of America, TransDigm Group Citi, TransDigm, Barclays, Free, Citi, NetEase, Bank of America, TAM Locations: 2H23

☆ United States meet Sweden in heavyweight World Cup last-16 clash
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

The Americans topped their group in 2015 and 2019 but this year they finished behind the Netherlands after two draws. They were also nearly eliminated in stoppage time of their final group game when debutants Portugal hit the post in a goalless draw. For Sweden, the Americans are familiar foes but this marks the first time the two heavyweight sides, ranked number one and three in the world, face each other in the knockouts. The Netherlands, 2019 runners-up, have an easier game on paper against South Africa, who reached the knockout stages for the first time. Reporting by Rohith Nair in Bengaluru; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: David Rowland, Vlatko Andonovski, Peter Gerhardsson, that's, Gerhardsson, Andries Jonker, Desiree Ellis, Ellis, Rohith Nair, Christian Radnedge Organizations: Soccer Football, FIFA, United, REUTERS, U.S, Tokyo, Thomson Locations: New Zealand, Portugal, United States, Eden, Auckland , New Zealand, States, Sweden, Netherlands, Rio, South Africa, African, Italy, Bengaluru

☆ Liberty SiriusXM shares get a shake-up. Here's a breakdown of the new structure
▼ + stars: | 2023-08-04 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Investing alongside Malone is complicated for individuals because Liberty Media has a string of tracking stocks for all its different businesses. The media conglomerate has two tracking stock groups: Liberty SiriusXM Group and Formula One Group. Liberty Media owns Formula One, which trades under tracking stock Liberty Media Formula One . Live Nation trades under its common stock ticker LYV, while's Liberty's share is available under the LLYVA and LLYVB tracking stocks. For the new Liberty SiriusXM tracking stocks LSXMK and LSXMA, the reclassification could help narrow the stock's wide discount to its net asset value, according to Citi.

Persons: John, Malone, SIRI, while's, BATRA Organizations: Liberty Media, Sirius XM Holdings, Entertainment, Liberty SiriusXM Group, Formula One, Nation Entertainment, Live, Major League Baseball's, Atlanta Braves, Liberty Media Corp, Nasdaq, Liberty, Citi Locations: New York

☆ Selling Sunset's Emma Hernan and other experts say now is the time to buy a house: 'It's one of the best investments you could make'
▼ + stars: | 2023-08-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Real Estate experts tell CNBC Make It why they think now is the time to buy a home. "This isn't the market where sellers can just try for a high number and see if it'll happen." "When it comes to real estate, I think it's one of the best investments you could possibly make. Think about the big picture and look at real estate as an investment for your future. Emma Hernan Star of Netflix's "Selling Sunset" and real estate agent at The Oppenheim Group

Persons: Mike Biryla, Mike Biryla Real, they're, Emma Hernan, Hernan, Marko Geber, you'll, Emma Hernan Star Organizations: CNBC, The Agency, Digitalvision

☆ Apple sees sales slump continuing, shares drop 2% despite beating sales expectations
▼ + stars: | 2023-08-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

Executives said iPhone sales would improve in the fourth quarter, but did not say how much. Weaker iPhone sales were balanced by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year. That sales forecast is below analyst expectations of roughly flat fiscal fourth-quarter sales of $90.19 billion, according to Refinitiv data. Apple said iPhone sales were $39.67 billion, below analyst expectations of $39.91 billion, according to Refinitiv data. Mac and iPad sales were $6.84 billion and $5.79 billion, respectively, compared with analyst estimates of $6.62 billion and $6.41 billion, according to Refinitiv data.

Persons: Joshua Roberts, Luca Maestri, Daniel Newman, Maestri, Tim Cook, We've, We're, Cook, Apple, Jeremy Goldman, Stephen Nellis, Yuvraj Malik, Peter Henderson, Matthew Lewis Organizations: Apple Inc, REUTERS, Wall, Apple, Android, Futurum, Reuters, Research, Major League Soccer, Apple Watch, Thomson Locations: Washington , U.S, China, CHINA, San Francisco, Bengaluru

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