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☆ Saving Tadpoles Taught Me A Valuable Lesson About Community and Political Action - The New York Times
▼ + stars: | 2023-09-03 | by ( Belle Boggs | ) www.nytimes.com time to read: +2 min

During the first spring of the pandemic, my two daughters and I taught ourselves to rescue frogs. On our daily walks along a riverbank in rural North Carolina, we often came across the stirring of young life. Transparent strings of tadpole eggs and wriggling green tadpoles lay in murky puddles that would soon dry up in the sun. It’s a reminder to look at our immediate environment, our close neighbors and community spaces, and to take action from there. Eventually, I realized that my most significant impact would be on the political races closest to home.

Persons: Trump Locations: North Carolina, tote

☆ From holidays to mortgage waivers, UK homebuilders dish out freebies to revive sales
▼ + stars: | 2023-09-01 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +4 min

If they have a 5% deposit, then deposit boost works well where we give an additional 5% so that they can secure a 90% loan-to-value mortgage," said a sales director with Persimmon. Some homebuyers are opting for exchange options, where the builder purchases the buyer's existing property and the payment helps fund the new-home purchase. "Mortgage holidays", offered by Persimmon and other builders, are also popular among homebuyers with builders contributing towards home-loan payment during a specific period. Reuters GraphicsKNOCK ON MARGINSThe incentives, while aimed at boosting demand, come at a cost for homebuilders struggling to keep costs low. Persimmon said last month sales incentives and marketing costs shaved off 2.1% from its half-year gross margins.

Persons: Toby Melville, Barratt, Persimmon, Aynsley Lammin, Peel Hunt, Sam Cullen, Cullen, Taylor, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: REUTERS, British, Reuters Graphics, Bank of England, Reuters, Peel, Thomson Locations: Bristol, Britain, British, Bengaluru

☆ Aussie home price downturn over, to rise this year and next
▼ + stars: | 2023-08-31 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

The Aug. 14-29 Reuters survey of 14 analysts forecast home prices will rise 4.4% this calendar year, a significant upgrade from the flat-lining predicted in a poll published in June. In 2024, average house prices were forecast to drift up another 5%, in line with the latest New Zealand home price poll forecast and a slight increase from 4.5% in the previous poll. With many aspiring homebuyers kept away from ownership and remaining in the rental market, average lease prices were also expected to rise sharply. "Unfortunately, most indicators suggest the squeeze has longer to run with additional supply unlikely to come onto the rental market anytime soon." Home prices in Sydney were forecast to rise 6.9% this year and 5.0% next, while prices in Melbourne, Brisbane, Adelaide, and Perth were expected to rise between 3% and 6% in 2023 and 2024.

Persons: Michelle Ciesielski, Knight Frank, Ciesielski, homebuyers, Matthew Hassan, Devayani Sathyan, Susobhan Sarkar, Hari Kishan, David Holmes Organizations: Reserve Bank of Australia, Westpac, Thomson Locations: New Zealand, Australia, Sydney, Melbourne, Brisbane, Adelaide, Perth

☆ Giuliani loses support of billionaires Langone, Cooperman: 'I wouldn't give him a nickel'
▼ + stars: | 2023-08-31 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

Langone contributed $4,600 to Giuliani's 2008 campaign for president, according to FEC records. This executive donated $2,300 to Giuliani's 2008 run for president, according to FEC records. Goodman did not say who is contributing to help Giuliani pay for his legal fees or how much those entities have raised. "I probably will," said Catsimatidis, who owns New York radio station WABC that employs Rudy Giuliani and his son. "I think people should help Rudy Giuliani.

Persons: Rudy Giuliani, Donald Trump, Giuliani, Rudy, I'm, Brian France, Ken Langone, Forbes, Langone, Cooperman, It's, Leon Cooperman, Trump, he's, Ted Goodman, Goodman, Joe Biden swiped, Andrew Giuliani, John Catsimatidis, Catsimatidis Organizations: New York City, NASCAR, New, FEC, Trump, Billionaire, Commission, CNBC, titans, Former New York City, Wall Street, Washington D.C, Giuliani, Twitter, Giuliani Defense, New York, WABC, New York Republican Locations: Georgia, Washington , U.S, France, New York, New York City, Russian, York City, Bedminster , New Jersey

The Liberian-flagged oil tanker Ice Energy transfers crude oil from the Iranian-flagged oil tanker Lana (former Pegas), off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran's government. SVB International, a consultant, estimates Iran's oil production increased in August to 3.15 million barrels per day (bpd), the highest since 2018, with crude oil and condensate exports at just under 2 million bpd. Kpler, a provider of flows data, expects August crude exports to average about 1.2 million bpd, down from a 2018 high of 1.54 million bpd reached in May. Iran's oil minister was quoted by state media as saying crude output will reach 3.4 million bpd by the end of September.

Persons: Costas Baltas, Donald Trump, Joe Biden's, Sara Vakhshouri, Jake Sullivan, Biden, Kevin, Ben Cahill, Vakhshouri, Alex Lawyer, Timothy Gardner, Andy Sullivan Organizations: Liberian, Ice Energy, REUTERS, Analysts, United, SVB, Reuters, White, National, ClearView Energy Partners, U.S . State Department, Treasury Department, Center for Strategic, International Studies, Organization of, Petroleum, Tanker, Thomson Locations: Karystos, Evia, Greece, WASHINGTON, Tehran, China, United States, Iran, South Korea, U.S, Syria, Venezuela, OPEC, Russia, London, Washington

Another analytics firm, Data.ai, likewise told Reuters that its data was not showing any meaningful change to usage of the platform in Canada in August. Both Meta and Alphabet's Google have said the law is unworkable for their businesses. Even before Meta pulled the plug on news links in Canada, Facebook referrals to a sampling of popular news sites in Canada were already down about 35% year-over-year in July and about 74% since 2020, according to Similarweb. Meta's other big social platform Instagram is less of a presence in the news environment as it does not enable links within individual user posts. Canada's new Heritage Minister Pascale St-Onge has spoken to both Facebook and Google since taking office after a cabinet shuffle at the end of July, her office told Reuters.

Persons: Dado Ruvic, Data.ai, Similarweb, Meta, Pascale St, Onge, Katie Paul, Steve Scherer, Ismail Shakil, Kenneth Li, Nick Zieminski Organizations: Facebook, REUTERS, Meta, Similarweb, Reuters, Graphics, Google, Reuters Institute, Pew Research Center, Thomson Locations: Canada, United States, New York, Ottawa

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. Brent crude settled 6 cents lower at $84.42 a barrel, after touching a session high of over $85 earlier in the day. Tropical Storm Idalia was expected to intensify into a major hurricane on Monday as it barrelled toward Florida's Gulf Coast. Some worried it could hit the eastern side of U.S. Gulf Coast crude production. Oil prices have remained above $80 a barrel with support from falling oil inventories and supply cuts from the OPEC+ group of oil producers.

Persons: Chen Aizhu, Idalia, Brent, Jerome Powell, Dennis Kissler, Ole Hansen, Tony Sycamore, Alex Lawler, Florence Tan, Sudarshan, Jason Neely, Kirsten Donovan, Louise Heavens, Sharon Singleton, David Gregorio, Tomasz Janowski Organizations: China National Petroleum Corporation, Dalian Petrochemical Corp, REUTERS, HOUSTON, . West Texas, Federal, BOK, Saxo Bank, Gulf, Reuters, Thomson Locations: China, Dalian, Liaoning province, Florida, U.S, Gulf Coast, Gulf, OPEC, Saudi Arabia, London

☆ Trump campaign reports raising more than $7 million after Georgia booking
▼ + stars: | 2023-08-27 | by ( ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump speaks to the media at Atlanta Hartsfield-Jackson International Airport after surrendering at the Fulton County jail on August 24, 2023 in Atlanta, Georgia. For former President Donald Trump, a picture is worth... more than $7 million. Spokesman Steven Cheung said that, on Friday alone, the campaign brought in $4.18 million — its highest-grossing day to date. Before he had even flown home to New Jersey, his campaign was using it in fundraising pitches to supporters. At the same time, Trump's political operation has been burning through tens of millions of dollars on lawyers as he battles charges in four separate jurisdictions.

Persons: Donald Trump, schemed, Steven Cheung, Trump, Cheung Organizations: U.S, Atlanta Hartsfield, Jackson International, Republican, Trump, U.S . Capitol Locations: Fulton County, Atlanta , Georgia, Fulton, Jail, Georgia, New Jersey, Washington

☆ These 14 cities will see at least 20% home-price growth over the next 3 years, according to Scholaroo — and 5 of them have current median prices under $200,000
▼ + stars: | 2023-08-24 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

The firm expects home prices in these cities to grow between 20%-43% in that time frame. To form their projections, they calculated the average annual change in home prices over the last five years across 152 cities. Below, we've compiled in ascending order the 14 markets where prices are expected to jump by at least 20% in three-years time. Among those 14, some are still relatively affordable, with five having current median home prices under $200,000 and two having a median under $85,000. Below are the cities, their current median home prices, their projected three-year growth rates, and the prices those translate to by 2026.

Persons: Scholaroo, Skylar Olsen, we've Locations: Scholaroo

☆ My Student Loans Were Just Forgiven. This Is How It Happened
▼ + stars: | 2023-08-23 | by ( Sunshine Flint | ) www.wsj.com time to read: +6 min

That’s how long it has been since I took out my first student loan. Though I received grants and held work-study jobs, I still needed around $60,000 in federal student loans to pay for my degrees. The only person possibly more upset about this than me was my accountant, who suggested I refinance into a private student loan. Having federal loans meant that I was eligible for the pause on student loan payments that began in 2020. (In general, if you took out a federal student loan or, like me, consolidated your loans on or after July 1, 2010, you have a federal Direct Loan.)

Persons: Sunshine Flint, Biden’s, I’d, “, Biden, hadn’t, Betsy Mayotte, servicer Organizations: State Department, Education Department, Institute of Student Loan Advisors, Loan

☆ Buybacks could boost equity demand in coming weeks and these stocks could see a pop, Goldman says
▼ + stars: | 2023-08-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

A flurry of buyback activity should give the equity market a boost in the coming weeks, and some stocks stand to benefit more than others, according to Goldman Sachs. August has seen strong repurchase volume from large-cap companies with executions standing at about 40% above the average 2023 level, Goldman said. Goldman's buyback basket of 50 sector-neutral companies with above-average repurchase activity has historically performed particularly well following the second-quarter earnings season, Goldman said. The stocks in Goldman's basket included Tapestry , Lockheed Martin, HP , Dollar General , Applied Materials and Bath & Body Works . Still, higher interest rates could cause a slowdown in buybacks this year as many companies tend to issue debt to repurchase stocks.

Persons: Goldman Sachs, Goldman, David Kostin, Lockheed Martin Organizations: HP, Dollar, Applied Materials, Body

Brent crude was down 36 cents at $84.10 a barrel by 11:45 a.m. EDT (1545 GMT). China, the world's second-largest economy, is considered crucial to shoring up oil demand over the rest of the year. Amplifying demand concerns, U.S. central bank officials have not ruled out further interest rate hikes to contain inflation. A preliminary Reuters poll showed that crude oil and gasoline inventories were expected to have fallen last week, with data from American Petroleum Institute due later on Tuesday. Separately on Monday, Shell (SHEL.L) said it was investigating a possible leak on the 180,000 bpd Trans Niger oil pipeline, though no force majeure has been declared.

Persons: Lucy Nicholson, Brent, Jim Ritterbusch, majeure, Natalie Grover, Paul Carsten, Muyu Xu, Katya Golubkova, Tomasz Janowski, David Evans, David Goodman, David Gregorio Our Organizations: REUTERS, Companies Shell, West Texas Intermediate, Saudi, Ritterbusch, Associates, American Petroleum Institute, of Commerce, Shell, Thomson Locations: Bakersfield , California, China, Russian, Galena , Illinois, U.S, Iraqi, Turkey, Iraq, Saudi, Niger, London, Singapore, Tokyo

Strong economic growth has spurred expectations that the Federal Reserve will leave rates higher for longer, pushing Treasury yields this month to their highest levels since 2007. The S&P 500 has lost 4% this month as the U.S. benchmark 10-year Treasury yield climbed to a more than 15-year high of 4.366% on Tuesday. Meanwhile, the S&P 500 technology sector (.SPLRCT) has dropped 5.7%, bitcoin has fallen over 10% and the ARK Innovation ETF (ARKK.P) - a bastion of many high-growth names - has dropped 18.5%. Stocks rose on Monday, with the S&P 500 closing up 0.7% and futures pointed to a further rise on Tuesday. The S&P 500 is over 8% below its January 2022 closing high.

Persons: Andrew Kelly, bitcoin, Sameer Samana, ”, Jerome Powell, Matt Maley, Miller, Goldman Sachs, Randy Frederick, Frederick, David Randall, Lewis Krauskopf, Ira Iosebashvili, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, Innovation, U.S ., Wells, Wells Fargo Investment Institute, Lipper, Investor, Deutsche Bank, Schwab Center, Financial Research, Thomson Locations: New York City, U.S, Wells Fargo, Samana, Jackson Hole , Wyoming

☆ The Long-Shot Candidate Playbook: Make the Debate, Then See What Happens
▼ + stars: | 2023-08-22 | by ( Trip Gabriel | More About Trip Gabriel | ) www.nytimes.com time to read: +1 min

Donald J. Trump holds a commanding lead over his nearest rivals for the Republican presidential nomination. One or two might make a dent in the numbers at the first debate this week. But the rest of the field, featuring little-known candidates, is unlikely to make an impact. In fact, there is almost no plausible path for them to the nomination, especially in a race with Mr. Trump as the dominant force, which raises the key question: Why do they do it? Perhaps the biggest reason is the debate stage itself: National broadcasts have the potential to provide a biotech entrepreneur, a Miami mayor and a North Dakota governor the chance to become household names and position themselves for future success in politics — or whatever field they pursue.

Persons: Donald J, Trump, — Organizations: Republican, Miami, North Locations: North Dakota

☆ Ukrainian strikes reportedly hit bases in Russia housing supersonic warplanes
▼ + stars: | 2023-08-22 | by ( Ivana Kottasová Tim Lister Svitlana Vlasova Mariya Knight Gianluca Mezzofiore Eve Brennan Olga Voitovych Sarah El Sirgany | Ivana Kottasová | Tim Lister | ) edition.cnn.com time to read: +5 min

CNN —Ukrainian forces appear to have stepped up their efforts to weaken Russian air superiority in the war by attacking bases that house supersonic warplanes deep inside Russian territory. Over the weekend, Russia’s defense ministry said another Ukrainian drone hit the Soltsy military airfield in the Novgorod region, also hundreds of kilometers north of Ukraine. The Shaykovka military air base operates Tupolev Tu-22M3 supersonic long-range bombers that have been used by Russia to strike targets in Ukraine since the start of its full-scale invasion last year. Degrading moraleThe attack on Monday was the second strike against a Russian air base housing powerful hardware in just three days. Ukrainian media reported that attacks on Russian bases over the past few days have destroyed several aircraft including two bombers, citing unnamed Ukrainian defense intelligence officials.

Persons: Shaykovka, Andriy Yusov, Yusov, Tupolev, YURI KADOBNOV, Baza –, –, ” Mash, Vladislav Shapsha, ” Organizations: CNN, Ukrainian, Kyiv, Tupolev, Ukraine’s Defense Intelligence, Main Directorate of Intelligence, Ukraine’s Defense Ministry, Getty, Russian Telegram, Russia’s Defense, Planet Labs, for, Russian Ministry of Defense Locations: Ukrainian, Novgorod, Ukraine, Netherlands, Denmark, Russia, Russia’s Kaluga, AFP, Russian, Kirov, Soltsy, Washington

☆ Netflix is sending some subscribers up to 10 extra movies as DVD rental service winds down
▼ + stars: | 2023-08-21 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Dust off your DVD player — Netflix disc rental service is going out with a bang. Members who still receive DVD rentals from Netflix got an email last week thanking them for their business and offering them a chance to enter to get a goodbye present. These bonus movies will be mailed out on Sept. 29, the last day that the DVD business will be sending out shipments. "You won't know if any extra envelopes are headed your way until they arrive in your mailbox," Netflix says. Once customers receive their last shipment of movies, Netflix says that it "will continue to accept returns until October 27, 2023."

Persons: it's, Ted Sarandos, Warren Buffett Organizations: Netflix, CNBC

☆ Take Five: Summer at Jackson Hole
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Jason Reed Acquire Licensing RightsLONDON, Aug 16 (Reuters) - It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. U.S. Federal Reserve officials (plus friends from the ECB, BoE and BOJ) descend on Jackson Hole, Wyoming on Aug. 24-26 for their annual central bank confab. Inflation remains sticky in places and investors want to know how long it will take for central banks to switch to easing. European PMIs could provide a bigger signal on whether the European Central Bank will hike again in September and if the Bank of England opts for a big rate increase. Turkey's central bank is poised to raise rates on Thursday for the third time in a row since Hafize Gaye Erkan was appointed as governor in early June.

Persons: Jason Reed, Ira Iosebashvili, Li Gu, Yoruk, Rosario, Marc Jones, Rachel Savage, BoE, Jackson, Vladimir Putin, Hafize Gaye Erkan, Erkan, Tayyip Erdogan, Dhara Ranasinghe, Stephen Coates Organizations: U.S . Federal, REUTERS, U.S . Federal Reserve, ECB, Nvidia, CARE, HK, China, European Central Bank, Bank of England, West, Reuters, Thomson Locations: Washington, U.S, Jackson Hole , Wyoming, China, Ira, New York, Shanghai, Amsterdam, Jorgelina, London, Johannesburg, confab, CHINA, Beijing, United States, European, Brazil, Russia, India, South Africa, Saudi Arabia, Argentina, Egypt, Turkey

☆ Saudi binge is fiscal free kick for European clubs
▼ + stars: | 2023-08-18 | by ( Streisand Neto | ) www.reuters.com time to read: +3 min

The Saudi binge may help European teams raise funds and meet tough new financial rules. The Roshn Saudi League is a top scorer in the football transfer market. UEFA, the governing body for European football, has introduced new rules limiting clubs’ spending on wages, transfers and agent fees to 70% of revenue. European clubs should take the money before the referee's whistle blows. Saudi clubs have spent over 550 million euros buying players from European clubs in the 2023/2024 transfer season, according to Transfermarkt.

Persons: Al Hilal's, Neymar, Fahd bin Saad Al, Neymar da Silva Santos Júnior, Germain, Rúben Neves, Prince Mohammed bin Salman, Len Blavatnik, China’s, Oscar, Marouane, Hilal, Cristiano Ronaldo, Karim Benzema, Neil Unmack, Thomas Shum, Pranav Kiran Organizations: Soccer, Al, Saudi Pro League, REUTERS Acquire, Reuters, Paris Saint, Saudi, Saudi Public Investment Fund, Britain’s Premier League, Premier League, Deloitte’s Sports Business, UEFA, Deloitte, Reuters Graphics Reuters, Bloomberg, BBC, Thomson Locations: Al Hilal, Paris, France, Saudi, Hilal, Saudi League, Al, Ittihad, Saudi Arabia, Riyadh, Kingdom, Saudi Arabian

☆ Exclusive: India faces record low August rains, threatening summer crops
▼ + stars: | 2023-08-18 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +3 min

August rainfall, expected to be the lowest since records began in 1901, could dent yields of summer-sown crops, from rice to soybeans, boosting prices and overall food inflation, which jumped in July to the highest since January 2020. India received just 90.7 mm (3.6 inches) in the first 17 days of August, nearly 40% lower than the normal. "Normally, we experience a dry spell of five to seven days in August," said the official, who also spoke on condition of anonymity. "However, this year the dry spell has been unusually prolonged in southern India. This monsoon has been uneven, with June rains 10% below average but July rains rebounding to 13% above average.

Persons: Amit Dave, El, Harish Galipelli, Rajendra Jadhav, Tony Munroe, Clarence Fernandez Organizations: REUTERS, Rights, Reuters, India Meteorological Department, IMD, El Nino, Commodities India, Ltd, Thomson Locations: Ahmedabad, India, El, Pacific, Kerala

☆ Can You Pay a Credit Card with a Credit Card?
▼ + stars: | 2023-08-17 | by ( Sarah Brodsky | ) www.wsj.com time to read: +9 min

By Sarah BrodskyWhile it might seem tempting to pay off one credit card with another, credit card companies don’t permit this. That said, some credit card companies do offer the option to consolidate credit card debt and get a reprieve from paying interest. Why you typically cannot pay a credit card with another credit cardCredit card companies don’t allow cardholders to pay a credit card with another card because it would hurt their bottom line. “They’ve already extended you the credit, they’re going to get to charge you interest.”And credit card companies would owe money if they accepted payment by credit card. How to pay off a credit card with a balance transfer cardAlthough you can’t pay a credit card by charging another card, it’s possible to move your balance from one card to another with a balance transfer.

Persons: Sarah Brodsky, It’s, you’ve, whittle, don’t, “ There’s, ”, Herman Thompson , Jr, “ They’ve, they’re, there’s, ” Thompson, “ Organizations: Mastercard, American Express, Financial, Bank of America, Navy Federal Credit Locations: Atlanta

☆ A former lawyer has paid down $190,000 in student loans and can afford to cancel the remaining $20,000 balance now. He explains why it's smarter to not pay the lump sum, and how he's investing it inst
▼ + stars: | 2023-08-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Since the interest rate on his student debt is so low, he's better off investing the money he'd use to make a lump-sum payment. If that's the case, you might want to prioritize your debt, even if you have a low interest rate locked in. Refinancing your loans at a lower interest rateGroup didn't always have such a low interest rate on his student loans. It was important to him to consolidate everything, he said: "I needed one monthly payment and one interest rate. He ended up refinancing three more times to get to his current interest rate of 2.35%.

Persons: Ian, He's, I'm, Roth, he's, they've Organizations: Ian Group, Apple

☆ The US eliminated malaria in 1951. How can it keep it under control now?
▼ + stars: | 2023-08-16 | by ( Meg Tirrell | ) edition.cnn.com time to read: +10 min

“The risk is very low,” Dr. Peter McElroy, chief of the malaria branch in the US Centers for Disease Control and Prevention’s Division of Parasitic Diseases and Malaria, told CNN. In an effort to limit its impact in the southeastern US during World War II, particularly around military training bases, the US created the Office of Malaria Control in War Areas in 1942. The April 1945 edition of the Malaria Control in War Areas field bulletin. Malaria was eliminated in the United States in 1951, but modern mosquito control is mostly managed locally. Oxitec also says it’s working on applying the approach to anopheles mosquitoes for malaria control as well.

Persons: ”, Janneth Rodrigues, Rodrigues, tsuruhatensis, National Institutes of Health’s Dr, Carolina, Dr, Peter McElroy ,, haven’t, McElroy, Wade Brennan, Chandan Khanna, “, ” McElroy, Daniel Markowski, ” Markowski, They’re, Markowski, Mury, Sanjay Gupta, Aedes, Oxitec, “ We’ve Organizations: CNN, GSK, Malaria, National Institutes of Health’s, of Malaria, Vector Research, National Institute of Allergy, US Centers for Disease Control, Prevention’s, Sarasota County Mosquito Management, of Malaria Control, CDC, American Mosquito Control Association, Public Health Service, National Library of Medicine, Getty, “, CNN Health, Google Locations: Tres Cantos, Madrid, Burkina Faso, Africa, United States, Sarasota, Sarasota , Florida, Atlanta, Sarasota County , Florida, Palm Beach County , Florida, Florida, New Jersey

☆ Wall St. Weighs the Effect of Weaker China and Stronger U.S.
▼ + stars: | 2023-08-15 | by ( Joe Rennison | More About Joe Rennison | ) www.nytimes.com time to read: +1 min

The world’s two largest economies — China and the United States — are moving in sharply different directions. Investors are wary of China’s weakening growth, deflation and precarious real estate market, but they have largely shrugged off these concerns so far. Investors are, however, flinching at signs that the U.S. economy is unexpectedly strong, which could prompt a stronger response by the Federal Reserve as it tries to rein in inflation. The S&P 500 stumbled on Tuesday, falling about 1 percent, extending the decline recorded this month to more than 3 percent. The move on Tuesday came amid several signs of weakness in China.

Organizations: United, Investors, Federal Reserve Locations: China, United States, U.S

☆ Here's what you can do if you're looking to get into this leading cybersecurity stock
▼ + stars: | 2023-08-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. We started a position in Oracle (ORCL), an established leader in business software that's really ramping up its cloud business. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Stocks, Jim Cramer's, Jim Organizations: CNBC, Dow, Nasdaq, Amazon, Oracle, Amazon's, Google, Microsoft, Palo Alto Networks, Palo, Deutsche Bank Locations: China, Palo Alto

☆ Drastic Economic Moves Highlight Russia’s Wartime Bind
▼ + stars: | 2023-08-15 | by ( Anatoly Kurmanaev | More About Anatoly Kurmanaev | ) www.nytimes.com time to read: +1 min

For years, Russia’s central bank has skillfully shielded the country’s economy when crisis has loomed, drastically raising interest rates, restricting money movements or taking over ailing banks. The swift, sharp moves conveyed a clear message that, despite increasingly bitter economic conflicts with the West, economic stability would be maintained at any cost. The bank raised the benchmark interest rate by 3.5 percentage points to 12 percent. High interest rates raise the cost of borrowing, inhibiting spending. But political considerations can push in the opposite direction, for low interest rates that stimulate spending and keep the economy moving.

Persons: Elvira Nabiullina, Vladimir V Organizations: West Locations: assertively, Ukraine

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