DIRS.INFO The most relevant business & tech news

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That’s on top of a 14% increase in candy and gum prices in October 2022. “The price of candy has gotten to be outrageous,” said Jessica Weathers, a small business owner in Shiloh, Illinois. Meanwhile, global sugar prices are at 12-year highs, Goughary said. Buck said Hershey is trying to meet consumers’ needs with offerings in value stores and pack sizes at various price points.

Persons: ”, Jessica Weathers, ” Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Mars Inc, Hershey Co Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

☆ For the second Halloween in a row, U.S. candy inflation hits double digits
▼ + stars: | 2023-10-28 | by ( ) www.cnbc.com time to read: +3 min

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That's on top of a 14% increase in candy and gum prices in October 2022. "The price of candy has gotten to be outrageous," said Jessica Weathers, a small business owner in Shiloh, Illinois. Weathers said she usually buys plenty of candy for trick-or-treaters and events at school and church. Meanwhile, global sugar prices are at 12-year highs, Goughary said.

Persons: Jessica Weathers, Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Hershey Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

☆ Republicans are desperate for attention — and it's decimating their ability to govern
▼ + stars: | 2023-10-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

In the end, the only man who could unify House Republicans behind him was a relatively little-known and mild-mannered evangelical Christian from Louisiana. AdvertisementAdvertisementAs the speaker saga wore on, it provoked questions among some House Republicans: How could it be that they had failed to elect a speaker for so long? While Gaetz maintains otherwise, his angry GOP colleagues have plenty of evidence to make their case that it was an attention ploy. Rep. Matt Gaetz surrounded by reporters and cameras after the House voted to oust Kevin McCarthy from the speakership. The attention economy doesn't preclude an ability to govern — an effective politician might seek to harness their celebrity towards worthy ends.

Persons: Mike Johnson's, Matt Gaetz, Kevin McCarthy, Garrett Graves, Sen, Thom Tillis, Madison Cawthorn, Tillis, Drew Angerer, Greg Murphy of, Nancy Mace, McCarthy, Mace, I'm, Win McNamee, Josh Hawley, Ronald Reagan, Donald Trump's, Nicole Wallace, Obama, JD Vance, Ohio, Vance, Ted Cruz, Jose Luis Magana, denialism, Jim Jordan, Marjorie Taylor Greene, Brett Kavanaugh, Jen Psaki, Symone Sanders, it's, Rep, Alexandria Ocasio, Cortez, Kelly Armstrong, Adam Schiff, Chip Somodevilla, Bob Good, Virginia, Gaetz, —, Ken Buck, Colorado, Hawley deadpanned, Mike Lawler, I've, Cruz, Buck, Joe Biden, Liz Cheney Organizations: Republicans, GOP, North Carolina Republican, Getty, Twitter, South Carolina, Republican, Rep, Fox News, Republican Party, Conservative Political, Conference, AP, Cannon, South, Democratic, Supreme, Biden, MSNBC, Democrats, Capitol, New York Post, Colorado Locations: Louisiana, Florida, Greg Murphy of North Carolina, Missouri, Hollywood, California, South Carolina, Alexandria, Cortez of New York, Ukraine, New York, Ted Cruz of Texas

☆ Republicans return to Biden impeachment inquiry following 3-week speaker race
▼ + stars: | 2023-10-27 | by ( Annie Grayer | ) edition.cnn.com time to read: +10 min

Another unknown factor is how House Judiciary Chairman Jim Jordan – who spent much of the last three weeks running for speaker – will return to the scene. A source familiar with Johnson’s thinking told CNN, “He believes it’s a fact-finding mission. GOP Rep. Jen Kiggans, who represents a Virginia district Biden won in 2020, told CNN, “We have so much work we need to get done including these appropriations bills. I don’t think so,” GOP Rep. Mike Garcia, who represents a competitive district in California, told CNN of the inquiry. House Republicans have not held an impeachment inquiry hearing since their first one on September 28, where expert witnesses brought in by Republicans acknowledged they did not yet have the evidence to prove the accusations leveled against the president.

Persons: Joe Biden, Hunter, James Biden, Mike Johnson, Kevin McCarthy, Johnson, ”, Jason Smith, Jim Jordan –, –, Jordan, Russell Dye, James Comer, Fox News ’ Sean Hannity, ” Johnson, “, it’s, Comer, Smith, Jeff Van Drew, Jen Kiggans, Biden, Mike Garcia, Ralph Norman, Jim Jordan, Austin Scott of, ” Van Drew, Matt Gaetz, Hunter Biden, Tony Bobulinski, McCarthy, Ken Buck, Ken Buck of Colorado, ” Buck, Chip Roy, “ we’re, Martin Estrada, David Weiss, holdouts, Ben Cline, Virginia, ” Gaetz Organizations: CNN, Republican, Republicans, GOP, Kentucky Republican, Judiciary, Fox News, New, New Jersey Republican, ” CNN, White, Democratic, California, Department of Justice Locations: Missouri, Kentucky, Jordan, New Jersey, Virginia, California, South Carolina, Austin Scott of Georgia, Florida, Ken Buck of, ”, Texas

☆ 'Canes end skid, top Kraken on Martin Necas' OT winner
▼ + stars: | 2023-10-27 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/45] Oct 26, 2023; Raleigh, North Carolina, USA; Carolina Hurricanes defenseman Dmitry Orlov (7) checks Seattle Kraken center Yanni Gourde (37) during the first period at PNC Arena. The Hurricanes forced overtime when Jesperi Kotkaniemi scored with 4:24 left in regulation at the end of Carolina's swift passing sequence following a Seattle turnover. Then, Necas snapped a shot from the point into the net as the overtime session wound down, with assists by Tony DeAngelo and Sebastian Aho. Oliver Bjorkstrand and Devin Shore scored for the Kraken, who have yet to win consecutive games this season. Seattle led 2-1 through two periods, though the Hurricanes held a 31-15 advantage in shots on goal.

Persons: Dmitry Orlov, Yanni Gourde, James Guillory, Martin Necas, Necas, Jesperi Kotkaniemi, Tony DeAngelo, Sebastian Aho, Frederik Andersen, Andersen, Oliver Bjorkstrand, Devin Shore, Joey Daccord, Kotkaniemi, Bjorkstrand, Shore, Daccord, Seth Jarvis Organizations: Carolina Hurricanes, Seattle, PNC Arena, Hurricanes, Carolina, Andersen, Thomson Locations: Raleigh , North Carolina, USA, Raleigh, N.C, Seattle

☆ Hershey tops quarterly estimates boosted by higher candy prices
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] Hershey's chocolates are pictured for sale on a store shelf in the Manhattan borough of New York City, New York, U.S. July 19, 2017. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsOct 26 (Reuters) - Hershey (HSY.N) beat Wall Street expectations for quarterly sales and profit on Thursday, riding on benefits from higher prices of its chocolates and candies at a time when demand has slowed. Overall organic prices rose by 9.8% in the third quarter, while organic volumes increased by only 0.9%. Hershey's net sales rose to $3.03 billion in the quarter ended Oct. 1 from $2.73 billion a year earlier. The company also reaffirmed its annual profit forecast of $9.46 to $9.54 per share and sales expectations for an 8% rise.

Persons: Carlo Allegri, Hershey, Michele Buck, Ananya Mariam Rajesh, Milla Nissi Organizations: REUTERS, Hershey, Thomson Locations: Manhattan, New York City , New York, U.S, Russia, Ukraine, Bengaluru

☆ Morning Bid: Haunted by 5% ahead of ECB, GDP and Amazon
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. With Amazon due to report later, there was no respite for the so-called 'Magnificent Seven' Wall St behemoths or the wider market ahead of Thursday's open. The bond market seemed unimpressed even as the U.S. House of Representatives ended a three week hiatus by electing Republican Mike Johnson, a conservative with little leadership experience, as speaker. European stocks (.STOXXE) and the euro dropped sharply, meantime, as regional banking shares were hit ahead of the European Central Bank's policy decision later in the day. Key developments that should provide more direction to U.S. markets later on Thursday:* European Central Bank policy decision and press conference.

Persons: Brendan McDermid, Mike Dolan, Israel, Republican Mike Johnson, Johnson, Joe Biden's, AO, Bunge, Northrop, Wang Yi, Antony Blinken, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Google, Big Tech, Nasdaq, Semiconductor, SOX, Bank of Japan, U.S . House, Republican, United Auto Workers, Ford, European, ECB, Chartered, BNP, Central Bank, Turkish Central Bank, Fed, Intel, UPS, Honeywell, Merck, Comcast, Mastercard, Capital, Energy, Mohawk, Eastman Chemical, Camden Property, AO Smith, Hasbro, Myers Squibb, Boston Scientific, Hershey, Northrop Grumman, Treasury, Foreign, U.S, Brussels Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Wall, Israel, Gaza, Philadelphia, Bank, Ukraine, China, Kansas, Bristol, Washington, Brussels

[1/3] The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The broader European banking index (.SX7P) fell as much as 2.4% to its lowest in four months by 1017 GMT. Top fallers on the index were Standard Chartered, down 9%, Swedbank (SWEDa.ST), down 7% and BNP Paribas (BNPP.PA), down around 4%. Concerns about China's economic fragility are also hitting some European banks with major operations in Asia. Sabadell (SABE.MC) rose around 3.7% after raising its outlook for 2023 net interest income growth on the back of higher interest rates.

Persons: Peter Nicholls, Chris Hiorns, Banks, Hiorns, Angelo Meda, Meda, Iain Withers, Naomi Rovnick, Joice Alves, Jesus Aguado, Danilo Masoni, Amanda Cooper, John Stonestreet, Toby Chopra Organizations: Chartered, REUTERS, BNP, European Central Bank, Traders, SIM, Sabadell, Thomson Locations: London, Britain, LONDON, Milan, Asia, Madrid

[1/4] A view of the turbines at an offshore wind farm near Nysted, Denmark, September 4, 2023. Time is short: The EU has a legally binding goal to nearly double renewable sources as a share of total energy by 2030, to 42.5%, requiring a rapid expansion of offshore wind. But of the governments surveyed, only Britain and Poland said they had invested or budgeted for steps to improve the security of offshore infrastructure. It requires a lot of effort from the government side," said Mattia Cecchinato, senior adviser for offshore wind at WindEurope. It said it would establish a permanent coast guard base close to where offshore wind farms are planned.

Persons: Tom Little, Thomas Almegaard, Vladimir Putin, Mads Nipper, Orsted, Ewa Skoog Haslum, James Appathurai, Germany's RWE, Anitta, Mattia Cecchinato, Rasmus, Krzysztof Jaworski, Orsted's Errboe, Benjamin Mallet, Riham, Elizabeth Piper, Toby Sterling, Andrius Sytas, Marek Strzelecki, Sara Ledwith Organizations: REUTERS, Reuters, Baltic Seas, EU, NATO, NewNew, Sweden's, Soaring, Emerging, Research, Solutions, Internal, Fund, Military, Naval Operations Centre, Polish Navy, Thomson Locations: Nysted, Denmark, Europe, Baltic, Nord, Finland, Sweden, Estonia, Russian, Russia, NewNew Shipping, Netherlands, Britain, Poland, Germany, North, Swedish, Copenhagen, Moscow, Sofia, European, Anitta Hipper, Belgium, Norway, France, Lithuania, Latvia, Baltic . Poland, Paris, Berlin, London, Amsterdam, Vilnius, Warsaw

BELOIT, Wis. (AP) — People go to Noodles & Company to save a buck, not to have one interrupt their meal. But that's what happened in Beloit, Wisconsin, on Tuesday when a deer came crashing through the restaurant's window. Surveillance footage shows a deer charging into the crowded restaurant around lunchtime, prompting diners to scatter. The animal then explored the dining area and kitchen before exiting out a back door opened by an employee, Noodles & Company spokesperson Stephanie Jerome told The Associated Press. The restaurant offered a “2 Buck Mac & Cheese” special on Wednesday to commemorate the incident.

Persons: Noodles, Stephanie Jerome, Jerome said, Buck Mac Organizations: —, Noodles, Company, Noodles & Company, Associated Press Locations: BELOIT, Wis, Beloit , Wisconsin

“This House Republican majority is united,” Rep. Mike Johnson said Tuesday night after becoming the conference’s fourth speaker nominee – and the second nominee in the course of a single day. Johnson, who was elected in 2016 and serves as the vice chairman of the House GOP conference, made a pitch over the weekend as a “consensus candidate” for speaker. If he can get to 217, a heavy lift in a slim Republican majority of only 221 lawmakers, Johnson will become the most inexperienced speaker in recent memory. And a government funding fight that got House Republicans into the speaker mess is slated to again rear its head with a Nov. 17 deadline to pass spending bills or kick the can down the road. 2, House Majority Leader Steve Scalise, a fellow Louisianan who was himself denied the speakership just weeks ago.

Persons: Mike Johnson, –, Johnson, Tom Emmer, Emmer, Mike, he’ll, Ken Buck, we’ve, he’s, Jim Jordan, Donald Trump’s, ” didn’t, “, ”, hasn’t, Jordan, He’s, Joe Biden, He’ll, Steve Scalise Organizations: Republican, ”, GOP, Louisiana Republican, CNN, Republicans, Israel Locations: Colorado, legislating, Ukraine, Gaza

The Supreme Court ultimately rejected the suit, but not before Mr. Johnson convinced more than 60 percent of House Republicans to sign onto the effort. He did so by telling them the initiative had been personally blessed by Mr. Trump, and the former president was “anxiously awaiting” to see who in Congress would step up to the plate to defend him. A constitutional lawyer, Mr. Johnson also was a key architect of Republicans’ objections to certifying the victory of then President-elect Joseph R. Biden Jr. on Jan. 6, 2021. Mr. Johnson instead faulted the way some states had changed voting procedures during the pandemic, saying it was unconstitutional. After a mob of Mr. Trump’s supporters, believing the election was rigged, stormed the Capitol on Jan. 6, injuring about 150 police officers, Mr. Johnson condemned the violence.

Persons: Johnson, Trump, “, ’, Joseph R, Biden, Trump’s, ” Organizations: Republicans, Mr, Capitol

Local elections in Democratic strongholds at both ends of Pennsylvania next month could show how voters feel about progressive candidates and issues such as abortion and crime ahead of the 2024 election. Philadelphia will get a new mayor, and Allegheny County — where Pittsburgh is the county seat — will see a new executive. Political Cartoons View All 1211 ImagesParker, a moderate, emerged from a crowded field vying for her party’s nomination in the heavily Democratic city. “I believe what we should be doing is focusing on Allegheny County with practical solutions, as opposed to running this county from an ideological perspective,” he said. ALLEGHENY COUNTY PROSECUTORDuring the spring primary for elected prosecutor, Allegheny County's Democratic voters enthusiastically supported the more progressive candidate over the more moderate long-term incumbent.

Persons: Cherelle Parker, David Oh, Jim Kenney, Parker, —, ”, they’re, They've, ” Parker, City Council —, “ I’m, Sara Innamorato, Joe Rockey, Rich Fitzgerald, Innamorato, Rockey, “, They're, Matt Dugan, Stephen Zappala, Zappala, Dugan, We’ve, ” ___ Brooke Schultz Organizations: Democratic, Philadelphia, Democrat, PHILADELPHIA, In, City Council, Republican, ALLEGHENY COUNTY, PNC, Allegheny, doer, Allegheny County's Democratic, Associated Press, America Statehouse News Initiative, America Locations: Pennsylvania, Allegheny County —, Pittsburgh, In Philadelphia, “, Allegheny County, Rockey, ALLEGHENY

☆ Morning Bid: Markets juggle 5% yields and 150 yen
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanPartly unwinding pre-weekend safety hedges related to the Middle East conflict, world markets are back focused on some critical macro priced levels and milestones that may once again define the week. The dollar retained its bid as a result and continued to probe the 150 yen level many suspect the Bank of Japan will be keen to protect against with open-market yen buying. But even these megacaps are still in thrall to the worrying squeeze in U.S. bond markets and the breach of the 5% threshold on 10-year tenors on Monday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Goldman Sachs, thrall, that's, That's, Sergio Massa, Javier Milei, Maria Corina Machado, Hess, Berkley, Brown, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Bank of Japan, European Central Bank, Industrial, China, Goldman, Microsoft, Meta, Federal Reserve, Economy, Banco BBVA Argentina, Peronist, Massa, Venezuelan, Chevron, Exxon, Natural Resources, Brown, Cadence, Packaging Corp of America, Fed, Bank of Israel, Trade Organization, Treasury, Reuters, Thomson Locations: New York City, U.S, Gaza, China, Taiwan, outflows, 50bps, York, America, Venezuela, Geneva

☆ Wall Street and money moved into South Florida, driving up prices. Now some residents want to move out.
▼ + stars: | 2023-10-22 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +10 min

They're looking to nearby smaller cities in South Carolina, North Carolina, Georgia, and Tennessee. They're picking places like Knoxville, Tennessee; Greenville, South Carolina; Huntsville, Alabama; and Asheville, North Carolina; which she collectively refers to as "the Villes." AdvertisementAdvertisementWhy CEOs moved their lives — and their businesses — to FloridaWall Street moved to South Florida in droves in 2020 and 2021. Billionaire hedge-fund CEOs — like Citadel's Ken Griffin — paid record-shattering amounts for South Florida homes , added offices, and moved their businesses there entirely from New York, Chicago, and Silicon Valley. They bought a 2,400-square-foot, four-bedroom home on an acre of land for the same price in Greenville, South Carolina.

Persons: —, There's, Nicole Panesso, Holly Meyer Lucas, Meyer Lucas, Ken Griffin —, Brian Guzman, Guzman, Jonathan Miller, Ken Griffin, PATRICK T, FALLON, It's, Larry Ellison, Miller, Michael Bordenaro, Greg May, Marcia Straub, Keller Williams, Jill Cody, she's, Ryan Wilson, Jami, Alexander Spatari, Jami Wilson Organizations: Service, Sunshine State, Census Bureau, Orlando, Coral, Fort Myers, Florida Wall, Billionaire, Guzman Advisory Partners, Getty, West Palm Beach, Florida Atlantic University, Silicon, Oracle, South, South Florida metros, Fortune, Miami, Homes, Army Locations: Florida, Greenville, Knoxville, South Florida, Chattanooga , Tennessee, South Carolina, North Carolina , Georgia, Tennessee, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Asheville , North Carolina, Realtor.com, Asheville, Miami, Gulf Coast, New York, Chicago, Silicon, West Palm, Fort Lauderdale, Palm Beach, Texas, North Carolina, Greensboro, Fort

☆ Bitcoin is on the rise again. Here’s why Warren Buffett remains a crypto hater
▼ + stars: | 2023-10-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Cryptocurrencies are on the rise again, helped by optimism surrounding the possible introduction of a spot bitcoin ETF. But no matter how strong this rally gets, it won't convince one of the industry's biggest critics — Warren Buffett. Bitcoin surged 10% over the past week, at one point briefly topping $30,000, as hopes grew that a spot bitcoin ETF will soon be approved. But whether a bitcoin ETF soon becomes reality or not, it won't alter the Oracle of Omaha's thesis on cryptocurrencies, which is that they are highly speculative, non-productive assets. Buffett, who once famously called bitcoin "probably rat poison squared," has compared the bitcoin phenomenon to the tulip bulb mania in the Netherlands in the early 1600s .

Persons: — Warren Buffett, Bitcoin, Buffett, It's, Buck Rogers, Charlie Munger, Munger, bitcoin Organizations: CNBC, Berkshire Locations: Netherlands, Berkshire, U.S, United States, bitcoins

☆ Opinion: What violent threats against the Jim Jordan holdouts tell us about the GOP
▼ + stars: | 2023-10-21 | by ( Opinion John Avlon | ) edition.cnn.com time to read: +7 min

The failed full-court press to install Republican Rep. Jim Jordan as House Speaker revealed ugly examples of how violent threats are becoming normalized inside Trump’s GOP. According to Rep. Steve Womack of Arkansas, the strategy behind the threats is to “Attack, attack, attack. In the run-up to that attack, members of the Proud Boys even bragged that they could dress up as Antifa. In the next breath, however, he says that the war in Israel creates moral urgency to push through a Jim Jordan speakership. Any sense that this was a random unhinged person without a partisan political agenda was demolished by his demand that the congressman vote for “Jim Jordan or more conservative.” This caller has explicit right-wing ideological demands.

Persons: John Avlon, “, Jim Jordan, Mariannette Miller, Meeks, Jordan, Ken Buck, Colorado, he’d, Steve Womack, “ It’s, —, Jake Tapper’s, ” It’s, bender, That’s, Jim Jordan speakership, doesn’t, ”, Trump, Trump’s, Liz Cheney, Scott Perry, Scott Perry of Pennsylvania, Jake Sherman, Rep, Warren Davidson, Donald Trump’s, Utah Sen, Mitt Romney, Jordan couldn’t Organizations: CNN, Republican, GOP, ”, NBC, Republicans, Capitol, Trump, Rep, Punchbowl News, Ohio, Republican Party, Utah Locations: “ Lincoln, Iowa, Arkansas, Israel, Scott Perry of

☆ A GOP congressman says he received a notice of eviction for one of his district offices over his opposition to Jim Jordan's now-derailed speakership bid
▼ + stars: | 2023-10-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Rep. Ken Buck was opposed to Rep. Jim Jordan's now-unsuccessful bid for the House speakership. Buck received heavy backlash for his stance, and his district offices were flooded with calls. The GOP congressman told NBC News he received an eviction notice for one of his offices over his position. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I have a notice of an eviction because the landlord is mad with my voting record on the speaker issue."

Persons: Ken Buck, Jim Jordan's, Buck, —, wouldn't, Kevin McCarthy of, Jordan, Kristen Welker, I've, Martin Lind, Lind —, Donald Trump, Sen, Cory Gardner, Herschel Walker, Lind, Joe Biden's, Donald Trump didn't Organizations: GOP, NBC News, Service, Colorado Republican, NBC, Pelican, Colorado, Colorado Sun Locations: Weld County, Kevin McCarthy of California, Colorado, Windsor , Colorado, Cory Gardner of Colorado, Georgia, Castle Rock , Colorado

☆ Winter Sweater Showdown: Why Cotton Rivals Cashmere This Season
▼ + stars: | 2023-10-20 | by ( Todd Plummer | ) www.wsj.com time to read: +1 min

A SHEEP IN COTTON CLOTHING: OK, this illustration actually shows a cashmere goat, but he’s comfortably clad in a cotton crewneck. She replaced her namesake line’s merino-wool-blend sweaters with cotton knits, which she now sells year-round—even in winter. The 100% cotton styles range from a cold-weather cable-knit turtleneck to a four-seasons-friendly striped option. “And nobody has said, ‘I miss the merino.’”Most people view cotton sweaters, unfairly, as summer-only options. But if you pick the right ones, cotton knits can hold their own in cooler months.

Persons: he’s, Molly Moorkamp, line’s, ”, ‘, ’, ovine, Alex Mill, Buck Mason, Roald Amundsen — Locations: New York, Kule

☆ Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
▼ + stars: | 2023-10-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the factors driving the move. Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. "The longer we remain at higher interest rates, the more likely something is to break." Elon Musk warned that high interest rates could sap electric-vehicle demand, which knocked shares of the sector on Thursday. Reuters GraphicsThe U.S. dollar has advanced an average of about 6.4% against its G10 peers since the rise in Treasury yields accelerated in mid-July.

Persons: Brendan McDermid, Gennadiy Goldberg, Jerome Powell, Powell, Elon Musk, Tesla’s, gravitating, Athanasios Vamvakidis, Saqib Iqbal Ahmed, Ira Iosebashvili, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, TD Securities, Reuters, Global Research, Reuters Graphics, ICE, Fed, Thomson Locations: New York City, U.S, New York, Treasuries

☆ Meet the candidates in the running to replace James Gorman as Morgan Stanley's CEO
▼ + stars: | 2023-10-20 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Morgan Stanley CEO James Gorman plans to retire by May 2024, leaving big shoes to fill. AdvertisementAdvertisementSuccession has traditionally been a bloody sport on Wall Street with the losers leaving and taking their lieutenants with them. Morgan Stanley CEO James Gorman, who plans to retire by May 2024, wants the buck the trend so the bank can hold onto all three candidates. "Wall Street has had a history of that not happening," said Gorman in a July earnings call. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, —, Gorman, Morgan, Ted, He's, Tony James, Morgan Stanley's, Pick, Simkowitz, Dodd, Frank, Fannie Mae, Freddie Mac, Dan, Andy Saperstein Saperstein, Merrill Lynch, Bloomberg, Hayley Cuccinello Organizations: Service, Archegos Capital Management, Washington , D.C, Federal Reserve, Treasury, General Motors, AIG, Citigroup, McKinsey, Staten, Disney, Hamptons Locations: Washington ,, hcuccinello@insider.com

Judge Arthur Engoron said the website’s retention of the post was a “blatant violation" of his Oct. 3 order requiring Trump to immediately delete the offending message. “I’ll take this under advisement," Engoron said after Kise explained the mechanics of how Trump’s post was able to remain online. The judge ordered Trump to delete the post, which he did, and warned of “serious sanctions” for violations. Before Trump deleted the post from his Truth Social platform, as ordered, his campaign copied the message into an email blast to supporters. That email, with the subject line “ICYMI," was automatically archived on Trump’s website, Kise said.

Persons: — Donald Trump’s, Arthur Engoron, Trump, Engoron, Letitia James, Christopher Kise, “, Kise, Donald Trump, ” Engoron, Allison Greenfield, Greenfield, Chuck Schumer, ” Kise, ”, James ’ Organizations: Trump, New York Locations: York

☆ 7 of the Republicans who voted to oust McCarthy are offering themselves up as human sacrifices to make Jim Jordan the next speaker
▼ + stars: | 2023-10-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

7 of the Republicans who voted to oust McCarthy are essentially offering themselves up as sacrifices. AdvertisementAdvertisementAs Rep. Jim Jordan of Ohio continues to hemorrhage support in his quest for the speaker's gavel, a group of Republicans are essentially offering themselves as human sacrifices. Earlier on Friday, 25 Republicans voted against the Ohio Republican, giving him the lowest percentage of votes for the majority party's nominee for speaker since 1859 — before the Civil War. Last night, Republican Rep. Greg Murphy of North Carolina apparently blocked Rep. Nancy Mace of South Carolina — one of the eight — on Twitter after he said she should apologize for "causing this mess." House Republicans are set to vote behind closed doors at 1 pm on whether Jordan should remain the party's nominee.

Persons: Jim Jordan's, McCarthy, They're, —, Jim Jordan of, Figurately, Kevin McCarthy, Ken Buck, Ken Buck of Colorado, Jordan, Matt Gaetz, Greg Murphy of, Nancy Mace Organizations: Republicans, Service, Republican, GOP, Conference, Ohio Republican, South, Twitter Locations: Jim Jordan of Ohio, Ken Buck of, Greg Murphy of North Carolina, South Carolina, Jordan

☆ What do homeowners in California and Florida have in common? A major insurance problem
▼ + stars: | 2023-10-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Homeowners in both California and Florida are facing a home insurance crisis due to natural disasters. AdvertisementAdvertisementFormer Florida residents Natalia and John told Insider's Jordan Pandy that they had to leave after their homeowners insurance skyrocketed to $12,000. The lifelong Florida residents said they moved to a town in Wisconsin where they could get a lot more bang for their buck. Across the country, another form of natural disaster is complicating homeowner's insurance in the West, including California. "Modernizing our insurance market is not going to be easy or happen overnight," California Insurance Commissioner Ricardo Lara, said, according to AP.

Persons: —, Natalia, John, Insider's Jordan Pandy, Insider's Catherine Boudreau, Dan Latu, Ricardo Lara Organizations: Service, Census, CBS News, Guardian, Allstate, AP Locations: California, Florida, Wisconsin

☆ The 'blue dollar' is booming: Argentina's lust for the buck pushed its black-market rate up 60,000% since peso parity ended in 2002
▼ + stars: | 2023-10-19 | by ( Anil Varma | ) www.businessinsider.com time to read: +5 min

For decades, the nation has been roiled by hyperinflation, sky-high interest rates, a growing mountain of debt, a string of sovereign defaults, and a cratering exchange rate. Rampant inflation has ravaged Argentina's currency over the years, wiping out much of its value against the dollar and ruining its appeal to consumers. The coveted bucks from the back alleys of Buenos Aires have their own price, even their own name: dólar blue, or the "blue dollar." AdvertisementAdvertisementUp 60,000% and going strongThe dollar's unofficial exchange rate smashed above 1,000 pesos for the first time last week, to hit levels almost three times as high as the official rate. That would almost certainly mean the blue dollar surging to new highs.

Persons: —, It's, Javier Milei, Manuel Cortina Organizations: Service, Spain's Santander Group, Cato Institute, Local, Argentine, Monetary Fund, BBVA Locations: Argentina, Buenos Aires, bluedollar.net, American, Brazil, Argentine, Spanish

Search resuls for: "BUCK"

25 mentions found