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☆ Luxury tests limits of its immunity to downturns
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 17 (Reuters Breakingviews) - Compagnie Financiere Richemont (CFR.S) is testing the limits of luxury’s immunity to downturns. Shares of other big luxury players, including $236 billion Hermes International (HRMS.PA) and $502 billion LVMH (LVMH.PA), also fell 4.2% and 3.7% respectively. The top 5% of wealthiest shoppers who are probably less sensitive to inflation drove around 40% of global luxury sales last year, according to Boston Consulting Group. Shares in the European luxury sector are on average up 69% since the start of the pandemic in 2020. Meanwhile, revenue in Asia, which makes up 40% of Richemont's revenue, grew 40% year-on-year in the last quarter.

Persons: Cartier, U.S . downer, Karen Kwok, George Hay, Sharon Lam Organizations: Reuters, Financiere, Hermes, Boston Consulting, Citi, U.S ., Twitter, Cathay, Thomson Locations: Asia

☆ MLB roundup: Rockies stun Yanks in bottom of 11th
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +10 min

Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJuly 17 - Alan Trejo hit a walk-off homer in the 11th inning, C.J. Cron hit a grand slam, and the Colorado Rockies rallied to beat the New York Yankees 8-7 in Denver on Sunday. Cabrera and Gleyber Torres each had two hits for New York in the rubber game of a three-game series. Robert finished with three RBIs, and Andrew Benintendi added three hits, three runs and an RBI for the White Sox. Paul Goldschmidt hit a two-run homer for the Cardinals, who took two of three games for their second straight series win.

Persons: Alan Trejo, Isaiah J, Downing, Cron, Oswaldo Cabrera, Oswald Peraza, Nolan Jones, Nick Ramirez, Ramirez, Ron Marinaccio, Trejo, Michael Toglia, Jones, Gavin Hollowell, Cabrera, Gleyber Torres, Alex Bregman, Kyle Tucker, Chas McCormick, Jake Meyers, Rafael Montero, Phil Maton, Shohei, Tucker, Los Angeles, Jaime Barria, Bregman's, Luis Guillorme, Mark Canha, Brett Baty, Nick Robertson, Guillorme, Freddie Freeman, David Robertson, James Outman, Michael Conforto, Patrick Bailey, Alex Wood, Ryan Walker, Bryan Reynolds, Henry Davis, Jared Triolo, Yerry De Los Santos, Kyle Bradish, Bradish, Anthony Santander, Johnny Cueto, Luis Robert Jr, Jake Burger, Robert, Andrew Benintendi, Matt Olson, Josh Jung, Will Smith, Cody Bradford, Trevor Stephan, Cleveland's Steven Kwan, Vladimir Guerrero's, Danny Jansen, Santiago Espinal, Kevin Kiermaier, Jansen, George Springer, Ketel Marte, Lourdes Gurriel Jr, Christian Yelich, Devin Williams, Matt McLain, Kyle Schwarber, Edmundo Sosa, Schwarber, Bryson Stott, Bryce Harper, Brandon Marsh, Stott, Jeff Hoffman, Seong Kim, Xander Bogaerts, Fernando Tatis Jr, Trent Grisham, Bobby Witt Jr, Drew Waters, Brady Singer, Zach Eflin, Singer, Eflin, Nolan Gorman, Louis, Paul Goldschmidt, Jack Flaherty, Josiah Gray, Dominic Smith, Keibert Ruiz, Masataka Yoshida, Kutter Crawford, Yoshida, Rafael Devers, Casas, Crawford, Mike Tauchman, Alex Kirilloff, Kirilloff, Zack Gelof, Minnesota's Jhoan Duran, Bryce Miller, Miller, Cal Raleigh, J.P, Reese Olson Organizations: Colorado Rockies, New York Yankees, Coors Field, USA, Sunday, Yankees, New York, Astros, Angels, Houston, Los, Mets, Dodgers, New, Los Angeles, The Dodgers, Giants, Pirates, San, Pittsburgh . Giants, Orioles, Marlins, Baltimore, Sox, Braves, Chicago, White Sox, NL, Atlanta, Rangers, Cleveland, Blue Jays, Diamondbacks, Toronto, Santiago, Brewers, Reds, Milwaukee, Cincinnati, National League Central, Phillies, Padres, Philadelphia, San Diego, Royals, Rays, Kansas City, Tampa, The Rays, Tampa Bay, Cardinals, Nationals, Red Sox, Cubs, Boston, Athletics, Oakland, Mariners, Tigers, Seattle, Detroit, Cal, Thomson Locations: Denver , Colorado, USA, C.J, Denver, Colorado, Los Angeles, Anaheim , Calif, Los, New York, San Francisco, Pittsburgh, Miami, Atlanta, Oakland, Texas, Arlington , Texas, Arizona, Kansas, Tampa Bay, Washington, Red, Minnesota

☆ Jim Cramer: I used Apple's new Vision Pro headset — here's what it was like
▼ + stars: | 2023-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I saw a soccer match on the Vision Pro and I ducked when a ball came right at me. I would have had better seats with the Vision Pro, if Apple can work out that deal with NBA commissioner Adam Silver. Apple's new Vision Pro virtual reality headset is displayed during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. I saw a soccer match on the Vision Pro and I ducked when a ball came right at me. I would have had better seats with the Vision Pro, if Apple can work out that deal with NBA commissioner Adam Silver.

Persons: Taylor Swift's, Adam Silver, Apple, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, Hollywood, Apple Watch, Vision, New York Knicks, NFL, CNBC, Apple's Worldwide, AFP, Getty Locations: Iceland, Cupertino , California

☆ Slash some sugar with these seven refreshing sips
▼ + stars: | 2023-07-14 | by ( Lisa Drayer | ) edition.cnn.com time to read: +8 min

Seven tasty, lower-sugar sipsHere are seven lower-sugar beverages, including copycats of lemon-lime soda, orange soda, pink lemonade and ginger ale; a peach green iced tea; a watermelon strawberry punch; and a DIY sports drink. Lisa DrayerLemon-lime soda is a refreshing drink on a hot summer day, but popular brands are filled with artificial ingredients. Nutrition info (per 6-ounce serving): 30 calories, 7 grams sugarOrange sodaThis recipe puts a low-sugar spin on a classic orange soda drink. This homemade version has less than 2 teaspoons of sugar, which is less than half the sugar in a regular ginger ale. Nutrition info (per 6-ounce serving): 60 calories, 14 grams sugarEditor’s Note: Sign up for CNN’s Eat, But Better: Mediterranean Style.

Persons: Lisa Drayer, Drayer, Lisa Drayer Ginger, seltzer, Lisa Organizations: CNN, World Health Organization, Food and Drug Administration, seltzer

☆ CLSA discusses Uniqlo and Chinese consumption
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf China's households are 'feeling the pinch,' Uniqlo will do very well on the ground there: AnalystOliver Matthew, head of Asia consumer research at CLSA, says Uniqlo was born in Japan's deflationary environment and "found a way to thrive there."

Persons: Oliver Matthew, Uniqlo Locations: Asia, Japan's

☆ Here's the inflation breakdown for June, in one chart
▼ + stars: | 2023-07-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The CPI is a key barometer of inflation, measuring prices of anything from fruits and vegetables to haircuts and concert tickets. Hourly earnings increased 0.2%, on average, from May to June after accounting for inflation, according to BLS data. 'Encouraging' inflation signals moving forwardThe inflation slowdown has been broad-based, Zandi said. watch nowGrocery price inflation is also down significantly from its peak around 14% last summer, which had been the highest rate since 1979. Economists say it's a near certainty that housing prices will continue to fall through the second half of the year.

Persons: Michael M, Mark Zandi, Zandi, we're, Mark Hamrick, Andrew Hunter, Ben Bernanke, Olivier Blanchard, Stephanie Roth, Roth Organizations: Lincoln Market, Santiago, Getty, U.S . Bureau of Labor Statistics, Moody's, BLS, Capital Economics, Finance, U.S . Federal Reserve, Peterson Institute for International Economics, Morgan Private Bank Locations: Brooklyn , New York, U.S, Ukraine

LONDON, July 12 (Reuters) - Companies around the globe took on a record $456 billion of net new debt in 2022/23, although higher interest rates should reduce appetite for new borrowing ahead, Janus Henderson said in a report published on Wednesday. The net new debt taken on in 2022/23 pushed outstanding net debt up by 6.2% on a constant-currency basis to $7.80 trillion, surpassing a previous peak in 2020/21, at the height of the COVID pandemic, Janus Henderson's annual corporate debt index showed. One fifth of the net-debt increase reflected companies such as Alphabet and Meta (META.O), which owns Facebook and Instagram, spending some of their "vast cash mountains", Janus Henderson said. Higher interest rates were also expected to dampen appetite for further corporate borrowing and Janus Henderson said it expected net debt to decline by 1.9% in 2023/2024, falling to $7.65 trillion on a constant-currency basis. "The increase in interest rates will feed through into the weaker cohort of credit quality much quicker than in investment grade (bonds)," Briggs said.

Persons: Janus Henderson, Janus, James Briggs, Briggs, We're, Chiara Elisei, Dhara Ranasinghe, Sharon Singleton Organizations: Companies, Verizon, Thomson Locations: U.S, Europe

☆ Stocks rise, dollar retreats ahead of inflation data
▼ + stars: | 2023-07-11 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Markets are awaiting U.S. inflation data on Wednesday to see if price pressures are continuing to moderate, which could provide clues on the interest rate outlook. The MSCI All-World index (.MIWD00000PUS) rose 0.3%, lifted by gains in European shares, as the STOXX 600 (.STOXX) rose 0.6% and U.S. stock index futures , rose 0.2-0.4%, suggesting a modest rise at the opening bell. Economists polled by Reuters expect the consumer price index to have risen by 3.1% in June, after May's 4% increase. "There is a massive eye on tomorrow's inflation data - it comes to late in the day for the July meeting. Analysts expect earnings to have shrunk 6.4% in the second quarter year-on-year, according to IBES data from Refinitiv.

Persons: Toby Melville, Craig Erlam, Jim Reid, Wells, Julie Zhu, Jamie Freed, David Evans, Chizu Organizations: London Stock Exchange Group, City of, REUTERS, Federal, Reuters, U.S ., Treasury, Deutsche Bank, London Metal Exchange, JPMorgan, Citigroup, Refinitiv, Thomson Locations: City, City of London, Britain, China, U.S, Brent, Wall, Hong Kong

☆ ‘Girl dinner’? It’s a trend that’s for everyone and it’s perfect for summer
▼ + stars: | 2023-07-11 | by ( Casey Barber | ) edition.cnn.com time to read: +4 min

CNN —Although the so-called “girl dinner” is being popularized by young women promoting throw-together meals on TikTok, it’s in fact an inclusive meal. I’m a middle-aged girl, and this is the style of meal I’ve been calling “snack dinner” for years. The original “girl dinner” TikTok video, posted by Olivia Maher, featured a countertop spread of grapes, cornichons, bread and cheese. There are really no rules for preparing the perfect "girl dinner" — start with your favorite snack elements and expand from there. Your solo snack plate dinner doesn’t have to include bread, cheese or charcuterie if that’s not your personal preference.

Persons: Olivia Maher, Curly Courland, that’s, I’d, it’s, you’ve Organizations: CNN, Getty Locations: snacking

☆ Student-loan holders will soon have $300 less to spend each month. That could be bad news for Target and Dick's.
▼ + stars: | 2023-07-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Student loan payments are set to resume in October following a Supreme Court ruling last month. Analysts at Morgan Stanley project this will have a broad — but uneven — impact on major retailers. Retailers are already bracing for the shift, which analysts at Morgan Stanley project will affect nearly every company — some more than others. "Retailers with high exposure to student loan holders that sell into a discretionary category are likely most at risk, while retailers with low exposure to student loan holders are likely most insulated," the analysts note. In addition to Target, the analysis calls out Dick's Sporting Goods, Wayfair, and Williams-Sonoma as particularly vulnerable to this pullback in discretionary spending.

Persons: Morgan Stanley, Joe Biden's, O'Reilly, Jeffries Organizations: Service, Target, Walmart, Sporting Goods, Dollar, Tractor Supply Co Locations: forbearance, Wall, Silicon, Williams, Sonoma, Amazon

"There's no real consensus at the moment about the increase in interest rates among economic actors," Jeremie Delecourt, chief operating officer at French private equity fund Ardian, told Reuters. In the euro zone, the peak is near after a combined 4 percentage points rise in the past year, ECB policymaker and French central bank governor Francois Villeroy de Galhau said on a panel at the conference. But he also said that rates would be left high for as long as necessary to ensure that inflation is headed back to the European Central Bank's 2% target by 2025. The ECB raised interest rates to their highest level in 22 years last month and promised another hike this month, with possibly another in September. "I see quite a bit of optimism in the short term, but I see a lot of downside risks if there is a policy mistake, especially from the central banks," she added.

Persons: Jeremie Delecourt, Francois Villeroy de Galhau, Jean, Louis Girodolle, Lazard, Mario Draghi's, Somersan Coqui, Daniel Barneix, Barneix, Veronika Grimm, Leigh Thomas, Alexander Smith Organizations: Reuters, ECB policymaker, Central, ECB, Atlantic, Allianz Trade, Thomson Locations: PROVENCE, France, United States, Europe, Aix, Provence

☆ How to spice up your pantry the Mediterranean way
▼ + stars: | 2023-07-09 | by ( Susan Puckett | ) edition.cnn.com time to read: +8 min

But it was the tart, earthy, tingly, subtly sweet notes provided by the sumac and Aleppo pepper that made such a lasting impression. Extra-virgin olive oil, yogurt and feta cheese are dietary mainstays, along with seasonal produce, legumes, whole grains and lean proteins. Made from deep-red Halaby chile peppers, Aleppo pepper is named for the Syrian city where it once grew in abundance. Dukkah, a blend of nuts, seeds and warm spices, makes a savory, crunchy topping on everything from soups to salads. Baharat is just one of a combination of warm spices that can punch up a chicken dish the Mediterranean way.

Persons: CNN —, Suzy Karadsheh, Ionut Groza, ”, ” Michelle Lee, Karadsheh, el hanout, ” Karadsheh, “, It’s, ” Susan Puckett Organizations: CNN, Karadsheh, The Atlanta Locations: Aleppo, Atlanta, Eastern, Europe, North Africa, Syria, Turkey

☆ Nigeria's cost-of-living crisis is getting worse daily after an 'abrupt' fuel hike
▼ + stars: | 2023-07-07 | by ( Nimi Princewill | ) edition.cnn.com time to read: +9 min

“The hike in fuel price has caused a scarcity of passengers,” Hanwa, 50, added. “Before the hike in fuel price, Abuja to Kano was 5,500 ($7.26) but is now 8,500 ($11.22),” he said. Successive governments had carried on with fuel subsidy since its introduction in the 1970s but had also mooted deregulating the country’s oil sector. Along with soaring transport fares, food prices and costs for other essentials have skyrocketed across the country. Economist Bismarck Rewane agrees that halting fuel subsidy “makes economic sense,” but mentions that the saved proceeds from the scheme must be ploughed back into bettering the lives of Nigerians.

Persons: Hanwa, ”, ” Hanwa, Jume Hanwa, Nimi Princewill, Bola Tinubu, Tinubu, Usman Imam, “, Sam Amadi, ” Amadi, ” Fabian Grace, Grace, who’s, Fabian Grace, ” Grace, “ I’ve, I’m, Bismarck Rewane, ” Rewane Organizations: Nigeria CNN —, CNN, CNN Transport, National Petroleum Corporation, ” Travelers, Usman, Abuja School of Social Locations: Abuja, Nigeria, Nigeria’s, Nimi, Kano, Africa’s, Maraba, Nasarawa State, Edo State

☆ Hanover Township, N.J.: ‘A Nice, Family-Oriented Place’
▼ + stars: | 2023-07-05 | by ( Jill P. Capuzzo | ) www.nytimes.com time to read: +1 min

Then they got word that the top offer on a house they’d bid on in Hanover Township had fallen through, and that their second-place offer — $60,000 over the $610,000 asking price — was now sufficient. In mid-June, they closed on the four-bedroom, two-and-a-half-bath split-level on 1.2 acres, and a few days later they were signing up for Hanover’s Bee Meadow Pool, library cards and new driver’s licenses. “Climactically and culturally, I just didn’t see us putting down permanent roots in California,” said Mr. Trexler, who grew up in nearby Summit, N.J. (Ms. Trexler, 46, grew up in East Hanover.) “It’s been so easy to reassimilate into what we had before. This Morris County township with about 15,000 residents has highly rated schools and some of the lowest property taxes in the area — and many buyers are scrambling to find a house there.

Persons: —, ”, Trexler, “ It’s, “ Locations: Hanover Township, California, Summit, N.J, East Hanover, North Jersey, Hanover, Morris County

☆ MLB roundup: Astros blow big lead, still top Rangers 12-11
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +4 min

[1/5] Jul 3, 2023; Arlington, Texas, USA; Houston Astros first baseman Jose Abreu (79) bats against the Texas Rangers during the sixth inning at Globe Life Field. Astros closer Ryan Pressly ended the game by striking out Jonah Heim for his 18th save. Adolis Garcia's solo homer tied the game at 10-10 in the seventh, and Corey Seager's sacrifice fly gave Texas an 11-10 lead in the eighth. Milwaukee trailed 6-3 before tying the game with two outs in the seventh inning on Jahmai Jones' bases-clearing, pinch-hit double. The Cubs threatened with two runners on and two outs in the ninth inning before Devin Williams struck out Dansby Swanson to secure Milwaukee's largest comeback victory of the season.

Persons: Jose Abreu, Jerome Miron, Chas McCormick, Abreu, McCormick, Will Smith, Ryan Pressly, Jonah Heim, Bryan Abreu, Travis Jankowski, Adolis, Corey Seager's, Willy Adames, Jahmai Jones, Adames, Mark Leiter Jr, Owen Miller's, Devin Williams, Dansby Swanson, Nick Madrigal, Tucker Barnhart, Michael Harris II, Marcell Ozuna, Bryce Elder, Raisel Iglesias, Gavin Williams, Steven Kwan, Joey Votto, Tyler Stephenson, Luke Weaver, Ian Gibaut, Buck Farmer, Derek Law, Alexis Diaz, Jeimer Candelario, Dickerson, Lane Thomas, Jake Irvin, Yuli Gurriel, Louis, Gurriel, Nick Fortes, Huascar Brazoban, Puk, Willson Contreras, Harrison Bader, York's Giancarlo Stanton, Yennier Cano, Anthony Rizzo, Danny Coulombe, Bader, Domingo, Tommy Kahnle, Clay Holmes Organizations: Houston Astros, Texas Rangers, Life, Astros, Rangers, Brewers, Cubs, Milwaukee, Chicago, Braves, Atlanta, Cleveland, Guardians, Reds, Cincinnati, Washington, Nationals, Marlins, Cardinals, Miami, The Marlins, Yankees, Orioles, New York, Baltimore ., Thomson Locations: Arlington , Texas, USA, Houston, Texas, Baltimore

☆ Roundup: Guardians overcome Cubs' 9th-inning rally, win in 10
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +11 min

Chicago then erased a 6-2 hole by scoring four times against Guardians All-Star closer Emmanuel Clase in the ninth. Boston right-hander Garrett Whitlock (right elbow tightness) allowed one run before being removed after the first inning, and Chris Martin (2-1) earned the win with a 1-2-3 eighth. Blake Sabol hit a two-run, pinch-hit homer as part of the Giants' short-lived, three-run rally in the seventh. Matching a season high with seven innings, Singer allowed one run on four hits to collect his first win since June 4. In 3 2/3 innings, Los Angeles starter Tony Gonsolin (4-3) allowed four runs on six hits with three walks and three strikeouts.

Persons: Josh Naylor, Naylor, Adbert Alzolay, Sam Hentges, Aaron Civale, Christopher Morel, Chicago, Emmanuel Clase, Jared Young, Cam Gallagher, Trey Mancini, Cody Bellinger, Alex Verdugo, Jarren Duran, Garrett Whitlock, Chris Martin, Verdugo, Jordan Romano, Brandon, Pete Alonso, Alonso, Tommy Pham, hadn't, Blake Sabol, Luis Matos, Jordan Westburg, Aaron Hicks, Jhoan Duran, Felix Bautista, Sonny Gray, Willi Castro, Cole Irvin, Tyler Stephenson, Nick Martinez, Stephenson, Joey Votto, Andrew Abbott, Seong Kim, Fernando Tatis Jr, William Contreras, Monasterio, Colin Rea, Devin Williams, Nick Gonzales, Josh Palacios, Orlando Arcia, Ozzie Albies, Travis d'Arnaud, Spencer Strider, Sandy Alcantara, Stone Garrett, Jeimer Candelario, Trevor Williams, Nick Castellanos, Realmuto, Bryce Harper, Brandon Marsh, Ranger Suarez, Brady Singer, Nicky Lopez, Singer, Maikel Garcia, Tony Gonsolin, David Peralta, Jordan Montgomery, Louis, Brendan Donovan, Gerrit Cole, Gleyber Torres, Chas McCormick's, McCormick, Josh Sborz, Hector Neris, Aroldis Chapman, Andrew Heaney, Shohei Ohtani, Mickey Moniak's, Zac Gallen, Moniak, Jose Caballero, Eugenio Suarez, Tom Murphy, Andres Munoz, Paul Sewald, Randy Arozarena, Isaac Paredes, Jason Adam, Zach Remillard, Jake Burger, Eloy Jimenez, Tony Kemp, JJ Bleday, Seth Brown, Brent Rooker, Tyler Wade, Javier Baez, Jake Marisnick, Spencer Torkelson, Kerry Carpenter, Jake Rogers, Zach McKinstry, Matt Vierling, Matt Manning, Randal Grichuk, Ryan McMahon, Harold Castro, Kris Bryant, Jurickson, Connor Seabold Organizations: Cleveland Guardians, Chicago Cubs, Chicago, Cleveland, Cubs, Red Sox, Blue Jays, Boston, Toronto, Brandon Belt, Mets, Giants, New, San Francisco, Derby, Philadelphia Phillies, Orioles, Minnesota, The Orioles, Baltimore, Reds, Padres, Cincinnati, San Diego, Brewers, Pirates, Milwaukee, Pittsburgh, Braves, Marlins, Orlando, Atlanta, Miami, The Braves, Nationals, Phillies, Philadelphia, Royals, Dodgers, Kansas City drubbed, The Dodgers, Cardinals, Yankees, New York, Astros, Rangers, Houston, Texas, Diamondbacks, Arizona, Mariners, Rays, Seattle, Tampa Bay, White Sox, Athletics, Oakland, Angels, Tigers, Rockies, Detroit, Colorado, Thomson Locations: New York, San, Baltimore, Minnesota's, Washington, J.T, Kansas, Kansas City drubbed Los Angeles, Angeles, Montgomery, Texas, Arlington , Texas, Los Angeles, Anaheim , Calif, California, Anaheim, Denver

☆ MLB roundup: Shohei Ohtani belts 30th homer in Angels' loss
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +9 min

Major league home run leader Shohei Ohtani hit his 30th of the season for the Angels, a 493-foot blast to right. Reds 7, Padres 5 (11 innings)Spencer Steer drilled a game-winning, two-out, two-run homer off the upper deck in left to lead Cincinnati past visiting San Diego for its their third straight win and 15th in 18 games. The Reds were down to their final out when Matt McLain drilled a two-run homer in the 10th to extend the see-saw contest. Pirates 8, Brewers 7Carlos Santana's two-out, two-run homer in the ninth inning lifted Pittsburgh past visiting Milwaukee for its fourth win in a row. Nationals 2, Phillies 1Stone Garrett hit a two-run homer to lift Washington past host Philadelphia for its third straight win.

Persons: Lourdes Gurriel Jr, Evan Longoria, Shohei Ohtani, Mike Trout, Arizona's Tommy Henry, Griffin Canning, Spencer Steer, Matt McLain, Elly De La Cruz, Gary Sanchez, Juan Soto, Carlos Santana's, Matt Bush, Ji Hwan Bae, Andrew McCutchen's, Santana, Carmen Mlodzinski, Brice Turang, Christian Yelich, Owen Miller, Rowdy Tellez, Freddy Peralta, Randy Arozarena, Josh Lowe, Jose Siri, Shane McClanahan, Tom Murphy, Shawn Armstrong, Jake Diekman, Kevin Kelly, Jason Adam, Colin Poche, McClanahan, James Paxton, Jarren Duran, Justin Turner, Masataka Yoshida, Jose Berrios, Stone Garrett, Dominic Smith, Lane Thomas, Josiah Gray, Hunter Harvey, Cristopher Sanchez, Alec Bohm, Justin Steele, Nico Hoerner, Nick Madrigal, Christopher Morel, Cleveland's Cal Quantrill, Will Brennan, Amed Rosario, Patrick Bailey, Joc Pederson, David Robertson, Pete Alonso, J.D, Davis, Bailey, Jeff McNeil, Tommy Pham, Omar Narvaez, Matt Olson, Michael Soroka, Olson, Eddie Rosario, Austin Riley, Sean Murphy, Ronald Acuna Jr, Soroka, Jose Altuve, Mauricio Dubon, Yainer Diaz, Dubon, Jake Meyers, Ronel Blanco, Ryan Pressly, Pablo Lopez, Byron Buxton, Joey Gallo, Max Kepler, Royce Lewis, Buxton, Lopez, Adley Rutschman, Dean Kremer, Mookie Betts, Betts, Alec Marsh, Ezquiel Tovar, Nolan Jones, Jurickson Profar, Ryan McMahon, Austin Gomber, Pierce Johnson, Andy Ibanez, Tony Kemp, Luis Medina, Eloy Jimenez, Tanner Banks, JJ Bleday, Aledmys Diaz, Shea Langeliers, Jace Peterson's, Kemp, Jordan Diaz Organizations: Arizona Diamondbacks, Los Angeles Angels, Diamondbacks, Angels, Reds, Padres, Cincinnati, The Reds, Pirates, Brewers, Pittsburgh, Milwaukee, Rays, Mariners, Tampa Bay, Seattle, Tampa, Sox, Blue Jays, Boston, Toronto, Red Sox, Nationals, Phillies, Cubs, Chicago, Guardians, Giants, Mets, San Francisco, New, Braves, Marlins, Miami, National League, Astros, Rangers, Texas, Orioles, Minnesota, Baltimore, Twins, Dodgers, Royals, Kansas City, Rockies, Tigers, Colorado, Detroit, Austin, Athletics, White Sox, Oakland, A's, Thomson Locations: Anaheim, Calif, Los Angeles, San Diego, Milwaukee, Paxton, Washington, Philadelphia, Chicago, Cleveland, New York, Houston, Arlington , Texas, Kansas, Denver, Medina

☆ Resetting student loans brings Econ 101 lessons
▼ + stars: | 2023-06-30 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

A U.S. Supreme Court ruling against President Joe Biden’s student loan forbearance erases as much as $20,000 in potential relief for graduates. Combined with the resumption of debt payments, borrowers will be feeling the pinch in their wallets and their confidence. The court said on Friday that a plan to wipe out swathes of student loans was unconstitutional, ending hopes of an easier financial future for some 43 million borrowers. If the Supreme Court had supported the relief, it also risked stoking inflation just as it slides to a healthier level. The proposal aimed to relieve $10,000 of student loans for individuals earning less than $125,000 annually, and an additional $10,000 for eligible borrowers who received Pell Grant subsidies.

Persons: Joe Biden’s, Mark Zandi, Taco, Pell Grant, Donald Trump, Jeffrey Goldfarb, Streisand Neto Organizations: Reuters, U.S, Supreme, White, Census Bureau, U.S . Federal Reserve, Bureau of Labor Statistics, Taco Bell, Yum Brands, Biden, Democratic, Congressional, Office, Former U.S, Thomson

☆ Breakingviews: Student-loan ruling offers Econ 101 crash course
▼ + stars: | 2023-06-30 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

A U.S. Supreme Court ruling against President Joe Biden’s student loan forbearance erases as much as $20,000 in potential relief for graduates. Combined with the resumption of debt payments, borrowers will be feeling the pinch in their wallets and their confidence. Had Biden’s policy covered $10,000 of their debt, the typical monthly payment would have shrunk by about a quarter. If the Supreme Court had supported the relief, it also risked stoking inflation just as it slides to a healthier level. CONTEXT NEWSThe U.S. Supreme Court on June 30 ruled 6-3 against President Joe Biden’s plan to forgive student loan debt for some 43 million borrowers.

Persons: Joe Biden’s, Mark Zandi, Taco, Pell Grant, Donald Trump, Jeffrey Goldfarb, Streisand Neto Organizations: Reuters, U.S, Supreme, White, Census Bureau, U.S . Federal Reserve, Bureau of Labor Statistics, Taco Bell, Yum Brands, Biden, Twitter, Democratic, Congressional, Office, Former U.S, Thomson

☆ Student loan relief is gone for millions of Americans — here's what it means for retailers
▼ + stars: | 2023-06-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Biden's plan would have eliminated her remaining student debt balance. KeyBanc's Thomas said the student loan payment pause was yet another pandemic tail wind for retailers. Estimates vary on how much student loan borrowers will pay each month. Kantrowitz said there is little data on how Americans used the money that they did not spend on student debt. He said the student loan changes are modest compared with the pinch that people feel from inflation or the dwindling of pandemic-strengthened savings accounts.

Persons: Brent Lewis, Lenèe Gill, Pell, Gill, KeyBanc's Thomas, Mark Kantrowitz, Kantrowitz, it's, Brett House, Mario Anzuoni Organizations: Old Navy, Denver, Getty, Louisiana State University, Walmart, Nutrition, Bank of America Institute, Columbia, Maxx, TJX Cos Inc Locations: Denver , Colorado, Pasadena , California

☆ MLB roundup: Astros demolish Cardinals 14-0
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +8 min

Tucker hit a two-run single and a three-run homer as the Astros won their second straight game to claim the three-game series. Houston starting pitcher J.P. France (3-3) blanked the Cardinals on four hits over seven innings. In the big third inning, Eloy Jimenez hit a two-run single, Yasmani Grandal and Clint Frazier each chipped in with RBI singles, and Remillard capped the scoring with a two-run single. Shohei Ohtani hit a two-run homer in the ninth inning for the Angels, his major-league-leading 29th long ball of the season. Jurickson Profar had three hits for Colorado, and Elias Diaz knocked in all three runs with a sacrifice fly and a two-run single.

Persons: Mauricio Dubon, Kyle Tucker, Gary A, Vasquez, Alex Bregman, Tucker, Jose Abreu, Jose Altuve, J.P, Adam Wainwright, Taijuan Walker, Bryce Harper, Kyle Schwarber, Walker, Zach Remillard, Tim Anderson, Eloy Jimenez, Yasmani Grandal, Clint Frazier, Remillard, Shohei Ohtani, Los Angeles, Mickey Moniak, Mike Moustakas, Hunter Renfroe, Victor Caratini, William Contreras, Adrian Houser, Brett Baty, Brandon Nimmo, Houser, Devin Williams, Tommy Pham, Spencer Torkelson, Reese Olson, Olson, Josh Smith, Ezequiel Duran, Leody Taveras, Martinez, Jason Heyward, Freddie Freeman, Max Muncy, Emmet Sheehan, Jurickson Profar, Elias Diaz, Josh Donaldson's, Clarke Schmidt, Isiah Kiner, Falefa, Domingo German's, Schmidt, Hogan Harris, Seth Brown, Brayan Bello, Bello's, Jon Berti's, Jazz Chisholm, Jesus Luzardo, Andrew Nardi, Puk, Bello, Vladimir Guerrero Jr, Chris Bassitt, Guerrero, Jordan Romano, Francisco's Patrick Bailey, Keaton Winn, Freddy Fermin, Jose Ramirez, Aroldis Chapman, Ramirez, Salvador Perez, Nicky Lopez, Emmanuel Clase, Drew Waters, Henry Davis, Jack Suwinski, Luis Ortiz, Dauri Moreta, David Bednar, Trent Grisham, Seong Kim, Joe Musgrove, Tim Hill, Wander Franco, Luke Raley, Raley, Harold Ramirez, Brandon Pfaadt, Corbin Carroll Organizations: Houston Astros, Los Angeles Dodgers, Dodger, Louis Cardinals, Astros, Houston, Cardinals, Phillies, Cubs, Philadelphia, White Sox, Angels, Chicago, Brewers, Mets, Milwaukee, Tigers, Rangers, Detroit, Texas, Dodgers, Rockies, Los Angeles, Colorado, Yankees, Athletics, Oakland, Marlins, Red Sox, Boston, Miami, Blue Jays, Giants, Toronto, San, Royals, Cleveland, Kansas City, Pirates, Padres, Pittsburgh, Rays, Diamondbacks, Arizona, Tampa Bay, The Rays, National League, Thomson Locations: Los Angeles , California, USA, France, Philadelphia, Anaheim , Calif, Los, Milwaukee, New York, Arlington , Texas, Torkelson, Angeles blitzed Colorado, Denver, York, San Francisco, Kansas, San Diego, Tampa, Phoenix, Arizona

☆ Your Fourth of July Cookout will cost you less this year, according to American Farm Bureau
▼ + stars: | 2023-06-27 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

Families can expect to pay $67.73 for a party of 10, down 3% from last year’s record high, according to a survey from the American Farm Bureau Federation. Families are still feeling the pinch of high inflation along with other factors keeping prices high,” said Roger Cryan, chief economist at the American Farm Bureau Federation. This year’s cookout cost is the second highest on record, following last year’s record setting number — $69.68 for a party of 10. The American Farm Bureau Federation (AFBF), has been conducting the survey since 2013. Potato prices also rose because of poor growing weather, the Farm Bureau said.

Persons: —, ”, Roger Cryan, quarts, Don’t Organizations: CNN, American Farm Bureau Federation, Farm Bureau, Farmers Locations: Puerto Rico

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Persons: —, scammers, they're, It's Organizations: Service, Biden Administration, Social, Department of Education, US Postal Service

☆ KPMG to cut 5% of US jobs in fresh round of layoffs
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

The firm had over 39,000 employees in the U.S. at the end of its last fiscal year on Sept. 30. KPMG, which cut about 2% of its U.S. workforce in February as per a Financial Times report, was the first of the world's four biggest accountancy firms to slash jobs in the country. The latest round of job cuts would take place through the rest of its 2023 financial year, the firm said. KPMG's fresh round of layoffs were first reported by the Financial Times. Besides KPMG, EY, Deloitte and PricewaterhouseCoopers (PwC) make up the Big Four of accounting firms.

Persons: Ernst, Niket, Shweta Agarwal Organizations: KPMG, Big, Times, Young's U.S, Deloitte, Financial, EY, PricewaterhouseCoopers, Thomson Locations: U.S, Bengaluru

☆ MLB roundup: Astros win finale with Dodgers in 11 innings
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +12 min

Astros rookie right-hander Hunter Brown gave up one run on three hits over six innings, Ryan Pressley (2-2) earned the win and Seth Martinez collected his first career save. Dodgers starter Tony Gonsolin gave up four runs on five hits over five innings. Starter Bailey Ober gave up three runs and five hits and struck out eight in six innings. Pete Alonso had three RBIs via a two-run single in the third and a homer in the seventh, while Francisco Lindor also went deep for the Mets. Padres starter Seth Lugo (3-4) gave up three runs on seven hits with four strikeouts and no walks in five-plus innings.

Persons: Jeremy Pena, Jose Abreu, Alex Bregman, Corey Julks, Bregman, Hunter Brown, Ryan Pressley, Seth Martinez, Freddie Freeman, Mookie Betts, Will Smith, Tony Gonsolin, Gonsolin, Yency Almonte, Willson Contreras, Louis, Paul Goldschmidt, Marcus Stroman, Lars Nootbaar's, Matthew Liberatore, Jake Woodford, Jordan Hicks, Royce Lewis, Lewis, Donovan Solano, Bailey Ober, Griffin Jax, Jhoan Duran, Zach McKinstry, Michael Lorenzen, Brendan White, Carlos Correa, Kyle Schwarber, Trea Turner, Jeff Hoffman, Pete Alonso, Francisco Lindor, Anthony Santander, Kyle Bradish, Felix Bautista, Cal Raleigh, Harrison Bader, Gerrit Cole's, Anthony Volpe, John King, Jose Trevino, Bader, Yerry Rodriguez, Ezequiel Duran, Volpe, Oswaldo Cabrera, Michael King, Adolis Garcia, Corey Seager, Jonah Heim, Leody Taveras, Cavan Biggio, Yusei Kikuchi, George Springer, Rickey Henderson, Kikuchi, Luis Medina, Tony Kemp, Matt Olson, Olson, Raisel Iglesias, Kevin Newman, Matt McLain, Chris Sabo, Owen Miller's, Miller, Trevor Stephan, Joey Wiemer, Elvis Peguero, Devin Williams, Cleveland, Luis Robert Jr, Robert, Kutter Crawford, Jesse Scholtens, Crawford, Adam Duvall's, Justin Turner, Eury Perez, Perez, Dontrelle Willis, Jonathan Davis, Luis Arraez, Ezequiel Tovar, Austin Gomber, Justin Lawrence, Shohei Ohtani, Eduardo Escobar, Taylor Ward, Ketel Marte, Patrick Bailey, Evan Longoria, Davis, Blake Sabol, Marte, Tyler Glasnow, Jose Siri, Taylor Clarke, Harold Ramirez's, Drew Waters, Glasnow, Pete Fairbanks, Colin Poche, Yandy Diaz, Siri, Maikel Garcia, Daniel Lynch, MacKenzie Gore, Jeimer Candelario, Joey Meneses, Tim Hill, Candelario, Meneses, Gore, Seth Lugo Organizations: Houston Astros, Los Angeles Dodgers, Astros, Houston, Dodgers, Los Angeles, Cardinals, Cubs, Chicago, Tigers, Minnesota, Detroit, Twins, Phillies, Mets, Philadelphia, Orioles, Mariners, Baltimore, Santander, Cal, Yankees, Rangers, Texas, Blue Jays, Athletics, Cavan, Toronto, Oakland, Braves, Reds, Cincinnati, Brewers, Milwaukee, Cleveland, White Sox, Red Sox, Boston, Marlins, Pirates, Miami, Pittsburgh, Rockies, Angels, Colorado, The Rockies, Diamondbacks, Giants, Arizona, J.D, Rays, Royals, Tampa Bay, Kansas City, Nationals, Padres, Washington, Thomson Locations: Los Angeles, London, Chicago, New York, Seattle, Atlanta, Cleveland, Los, Denver, San Francisco, St . Petersburg, Fla, Kansas, San Diego

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