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☆ Lee Ainslie's Maverick Capital is soaring this year after buying Nvidia. His Tiger Cub peers had a pretty good month too.
▼ + stars: | 2023-06-09 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

Tiger Global and Coatue have also returned double-digits this year thanks to the resurgence of tech stocks. The Tiger Cub's fund rose 5.60% in May and has gained 19.48% year to date, according to HSBC's Hedge Weekly performance report. This is a welcome turn of events for the Tiger Cubs, funds founded by portfolio managers who worked under the legendary Tiger Management head Julian Robertson. Tiger Global finished the year down 56%, and Coatue lost 18.8%. Fellow Tiger Cubs Lone Pine and grand cub D1 Capital also had double-digit losses, while Viking Global reported a single-digit loss.

Persons: Lee, Ainslie, Wall, Lee Ainslie's, Ainslee, Chase, Philippe Laffont's Coatue, Dan Sundheim, Andreas Halvorsen's Viking, Julian Robertson, Maverick, Coatue, Bloomberg's Katherine Burton, Hema Parmar Organizations: Nvidia, Tiger Global, Facebook, Bloomberg, D1, Andreas Halvorsen's Viking Global, Tiger Cubs, Tiger Management, Fellow Tiger Cubs, Viking Global, Fund Research

☆ MLB roundup: Braves rally, win 10-inning slugfest vs. Mets
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +8 min

Marcell Ozuna went deep and Travis d'Arnaud hit a two-run homer in the eighth inning that closed the deficit to one run. After the Phillies coughed up the late lead to trail 2-1 in the ninth, they tied it on a sacrifice fly from Brandon Marsh before Clemens' RBI hit off Alex Lange (3-2). Jake Burger hit a two-run homer and Luis Robert and Yoan Moncada hit solo home runs for the White Sox. Mike Clevinger (3-4) allowed three runs on six hits in 5 2/3 innings for the White Sox. Yonny Chirinos (3-1), recalled from Triple-A Durham earlier in the day, allowed one run on five hits over 5 2/3 innings.

Persons: Ozzie Albies, Dale Zanine, Albies, Tommy Hunter, Austin Riley, Marcell Ozuna, Travis d'Arnaud, Orlando Arcia, David Robertson, Brandon Nimmo, Francisco Alvarez, Zack Wheeler, Kody Clemens, Wheeler, Brandon Marsh, Clemens, Alex Lange, Zack Short, Nick Maton, Jose Ramirez, Ramirez, Will Brennan, Andres Gimenez, Myles Straw's, Cleveland, Boston's Triston Casas, Enrique Hernandez, Jarren Duran, Jose Berrios, Alex Bregman, Framber Valdez, Ramon Urias, Gunnar Henderson's, Keegan Akin, Peter Strzelecki, Owen Miller, Jon Singleton, Jo Adell, Reid Detmers, Drew Smyly, Chicago's Trey Mancini, Michael Conforto, Thairo Estrada, Scott Alexander, Camilo Doval, Nolan Jones, Profar, Clayton Kershaw, David Peralta, Kershaw, Chris Taylor, Matt McLain, Elly De La Cruz, McLain, De La Cruz, Eloy Jimenez, Jake Burger, Luis Robert, Yoan Moncada, Robert, Jimenez, Michael King, Gregory Santos, Willie Calhoun, Billy McKinney, Aaron Judge, Kyle Higashioka, Randy Vasquez, Nestor Cortes, Vasquez, Gavin Sheets, Mike Clevinger, Harold Ramirez, Luke Raley, Josh Lowe, Yonny Chirinos, Carlos Correa, Michael A, Taylor, Alex Kirilloff Organizations: Atlanta Braves, New York Mets, Atlanta, New York, Phillies, Tigers, Philadelphia, Detroit, Red Sox, Cleveland, Boston, Blue Jays, Astros, Brandon Belt, Toronto, Houston . Blue Jays, Houston, Orioles, Brewers, Baltimore, Milwaukee, Angels, Cubs, Chicago, Triple, Giants, Rockies, Colorado, Coors Field, Dodgers, Reds, Los Angeles, Cincinnati, Kershaw ., Kershaw . White Sox, Yankees, New, White Sox, Rays, Twins, Tampa, American League Central, Thomson Locations: Cumberland , Georgia, USA, Truist, York, Brandon, Milwaukee, Los Angeles, Anaheim , Calif, San Francisco, Denver, Los, Kershaw . White, New York, Minnesota, St . Petersburg, Fla, Tampa Bay

☆ Pat Robertson, Influential Christian Broadcaster, Dies at 93
▼ + stars: | 2023-06-08 | by ( Gareth Vipers | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/pat-robertson-influential-christian-broadcaster-dies-at-93-61648535

Persons: Dow Jones, robertson

☆ Pat Robertson, televangelist who mobilized Christian voters, dead at 93
▼ + stars: | 2023-06-08 | by ( Joseph Ax | ) www.reuters.com time to read: +3 min

June 8 (Reuters) - Pat Robertson, the televangelist who helped turn Christian conservatives into a potent force in U.S. politics, died at age 93 at his Virginia home, the Christian Broadcasting Network said in a statement on Thursday. Robertson founded the network in 1960 and hosted the flagship program "The 700 Club" for decades, offering prayers and political commentary. In 1980, the show helped galvanize support among Christian conservatives for Republican Ronald Reagan's successful campaign for president. His "The 700 Club" show - stemming from a fundraising telethon in which he asked 700 viewers to send monthly contributions - drew a committed audience. Nicknamed "Pat" by his older brother, he was born Marion Gordon Robertson in Lexington, Virginia, on March 22, 1930.

Persons: Pat Robertson, Robertson, Republican Ronald Reagan's, God, Hugo Chavez, Satan, Pat, Marion Gordon Robertson, Absalom Robertson, Dede, Gordon, Doina Chiacu, Joseph Ax, Susan Heavey, Rosalba O'Brien Organizations: Christian Broadcasting Network, Republican, Christian Coalition, Republican Party, U.S, Virginia Democrat, U.S . House, U.S . Senate, Yale Law School, New York Theological Seminary, Regent University, American Center for Law, Justice, Thomson Locations: U.S, Virginia, Iowa, Midwestern, France, Lexington , Virginia, New

CNN —Pat Robertson, the prominent televangelist who founded the Christian Broadcasting Network, made the Christian right a powerful political force and unsuccessfully ran for president in 1988, died on Thursday, the network said in a news release. “Pat Robertson, longtime TV host, religious broadcaster, educator, humanitarian, and one-time presidential candidate died at his home in Virginia Beach early Thursday morning. Pat Robertson (right) hosted the show "The 700 Club" on his Christian Broadcasting Network from 1966 to 2021. Linda C. Culpepper/APRobertson helped transform the conservative evangelical movement into a political force on the American right that helped elect Ronald Reagan. His wife of 70 years, Dede Robertson, died last year at the age of 94.

Persons: Pat Robertson, “ Pat Robertson, Robertson, “, Academic Affairs William L, Hathaway, “ Dr, Jesus Christ, ”, ” –, Linda C, Culpepper, Ronald Reagan, George H.W, Bush, Bob Dole, Jerry Falwell, ’ ” Falwell, ” Robertson, Donald Trump, Trump, Gordon, Dede Robertson Organizations: CNN, Christian Broadcasting Network, Regent University, ” Regent University Executive, Academic Affairs, Southern Baptist, Republican, Christian Coalition of America, ”, ACLU, People, Trump Locations: Virginia Beach, Virginia, America, Haiti

☆ Who Are the 4 People Running CNN Now?
▼ + stars: | 2023-06-08 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

Her division was reduced as part of cost-cutting measures by Mr. Licht, who announced in October that CNN would stop buying original TV series and documentary films and that Ms. Entelis would explore developing a studio focused on long-form content. Before joining CNN, Ms. Entelis worked at ABC News for 30 years, starting as a producer and rising through various leadership roles. She was one of three executives chosen last year to lead CNN on an interim basis after the ouster of its previous chief executive, Jeff Zucker. She was promoted to that job in July 2022 by Mr. Licht after a decade at the network, which she joined as a deputy in the Washington bureau. Ms. Moseley previously worked for 18 years at ABC News, where she was a senior Washington producer for “Good Morning America.” She is married to Thomas R. Nides, the U.S. ambassador to Israel.

Persons: . Licht, Entelis, Jeff Zucker, Virginia Moseley Virginia Moseley, Moseley, Thomas R Organizations: CNN, ABC News, White House, America Locations: United States, Washington, U.S, Israel

☆ Pat Robertson, the televangelist who helped turn Christianity into a political force, is dead at 93
▼ + stars: | 2023-06-08 | by ( Ben Finley | Associated Press | ) www.businessinsider.com time to read: +10 min

Robertson was a televangelist who helped bring Christianity to the center of the Republican Party. Marion Gordon "Pat" Robertson was born March 22, 1930, in Lexington, Virginia, to Absalom Willis Robertson and Gladys Churchill Robertson. Robertson was interested in politics until he found religion, Dede Robertson told the AP in 1987. Pat Robertson listens as Republican presidential candidate Donald Trump speaks at Regent University in Virginia Beach, Virginia. But after President Trump lost to Joe Biden in 2020, Robertson said Trump was living in an "alternate reality" and should "move on," news outlets reported.

Persons: Pat Robertson, Robertson, —, — Pat Robertson, Steve Helber, George H.W, George H.W . Bush, Jeffrey K, Hadden, ″, ″ Robertson, Bush, — Robertson, John C, Green, Marion Gordon, Pat, Absalom Willis Robertson, Gladys Churchill Robertson, Pam MacDonald, Adelia, Dede, Elmer, Dede Robertson, Jimmy Carter, Ronald Reagan, Donald Trump, God, George W, Hugo Chavez, misspoke, Bill Clinton, Trump, Kellyanne Conway, Joe Biden, Robertson's, Gordon, Rupert Murdoch's Organizations: Christian Broadcasting Network, Republican Party, Service, Christian Coalition, Regent University, American Center for Law, Justice, University of Virginia, Associated Press, ″, Republican, House, The University of Akron, U.S, Representative, Washington, Lee University, 1st Marine Division, Yale University Law School, Conservative, Conference, Yale, Southern Baptist, Catholic, AP, New York Theological Seminary, CBN, University of Akron, White, Trump, International, Entertainment Inc, The, Rupert, Rupert Murdoch's News Corp Locations: Va, Virginia, America, Virginia Beach, Chesapeake , Virginia, Iowa, George H.W ., U.S, Chesapeake, Lexington , Virginia, Korea, Houston, Southern, New York, Bedford, Stuyvesant, Ohio, New, Portsmouth , Va, Virginia Beach , Virginia, Pennsylvania, Orlando , Florida, Kenya, IFE

☆ Pat Robertson, Who Gave Christian Conservatives Clout, Dies at 93
▼ + stars: | 2023-06-08 | by ( Douglas Martin | ) www.nytimes.com time to read: +1 min

Pat Robertson, a Baptist minister with a passion for politics who marshaled Christian conservatives into a powerful constituency that helped Republicans capture both houses of Congress in 1994, died on Thursday at his home in Virginia Beach, Va. His death was announced by the Christian Broadcasting Network, which Mr. Robertson founded in 1960. Mr. Robertson built an entrepreneurial empire based on his Christian faith, encompassing a university, a law school, a cable channel with broad reach, and more. The loss did not dampen his political fervor; he went on to found the Christian Coalition, which stoked the conservative faith-based political resurgence of the 1990s and beyond. But he was also given to statements that his detractors saw as outlandishly wrongheaded and dangerously incendiary.

Persons: Pat Robertson, marshaled, Robertson, chuckling Organizations: Republicans, Christian Broadcasting Network, Mr, Republican, Christian Coalition Locations: Virginia Beach, Va

☆ How Pat Robertson Created the Religious Right’s Model for Political Power
▼ + stars: | 2023-06-08 | by ( Elizabeth Dias | ) www.nytimes.com time to read: +1 min

Pat Robertson imagined a nation where conservative Christian values reigned in the halls of power. Conservative Christian believers would no longer be ignored, as he felt they were. Mr. Robertson ran for president in 1988, hoping to channel evangelistic popularity from his growing television empire, the Christian Broadcasting Network, into Republican political might. And yet, by the time of his death on Thursday, the vision he championed had gained more power than he could have ever thought possible. The polarizing rhetoric of his often inflammatory views has become a defining feature of American politics.

Persons: Pat Robertson, Robertson, —, Roe, Wade, Donald J, Trump Organizations: Conservative, Christian Broadcasting Network, Republican, United States Embassy Locations: America, Israel, Jerusalem

☆ Los Angeles Times to Cut More Than 10% of Newsroom
▼ + stars: | 2023-06-07 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

The Los Angeles Times is cutting more than 10 percent of its newsroom jobs, its executive editor, Kevin Merida, said on Wednesday. In an email to staff, Mr. Merida said the company was restructuring and would eliminate 74 roles as a result. A spokeswoman for the news organization, Hillary Manning, said about 500 people would remain. “The restructuring stems from the same persistent economic headwinds facing news media across the country,” Mr. Merida said in the email, which was obtained by The New York Times. “Collectively, we have done a vast amount of work as a company to meet the budget and revenue challenges head-on.

Persons: Kevin Merida, Merida, Hillary Manning, Mr Organizations: Los Angeles Times, The New York Times, ” Locations: Merida

☆ When you come up short one month, here's how to prioritze which bills to pay first
▼ + stars: | 2023-06-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

The last thing you need is to have what is most essential to you taken away or to ruin your credit. For starters, speak upThe most important thing you should do is let your creditors know you’re in a jam. Then think about your credit cards: These shouldn’t be your highest-priority bills to pay when you’re up against a wall. If you are late with a payment, call your credit card issuer to see if they can waive the late fee, Robertson said. The initial review is typically free, and beyond that someone using ongoing counseling services may pay $35 to $40 a month on average, McClary said.

Persons: you’ve, ”, Bruce McClary, McClary, you’re, Linda Robertson, ” Robertson, “, Robertson Organizations: New, New York CNN, National Foundation, Credit Counseling, Energy Assistance, Housing Locations: New York

☆ Tucker Carlson Posts First Installment of New Show on Twitter
▼ + stars: | 2023-06-06 | by ( Katie Robertson | Jeremy W. Peters | ) www.nytimes.com time to read: +1 min

Tucker Carlson, the sidelined prime-time Fox News host, on Tuesday released the first installment of what he said would be his new show on Twitter, potentially setting up a confrontation with the cable network, where he remains under contract until early 2025. The 10-minute video, Mr. Carlson’s first extended commentary since Fox took him off the air in April, was similar to a stripped-down version of what his roughly three million Fox viewers would have seen on his nightly program. There were no guests or produced segments — only a monologue from Mr. Carlson, in which he hit some familiar themes. He expressed sympathy for President Vladimir V. Putin of Russia and mocked President Volodymyr Zelensky of Ukraine. He wrapped up by declaring that U.F.O.s and extraterrestrial life are “actually real.”“As of today, we’ve come to Twitter,” Mr. Carlson said in the video.

Persons: Tucker Carlson, Carlson’s, Fox, Carlson, Vladimir V, Putin, Volodymyr Zelensky, ” Mr, “ We’re, ” Organizations: Fox News, Twitter, Fox Locations: Russia, Ukraine

☆ Tucker Carlson launches first episode of low-budget Twitter show after Fox News firing
▼ + stars: | 2023-06-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —Tucker Carlson is back — sort of. He wrapped up by declaring that U.F.O.s and extraterrestrial life are ‘actually real.’”“As of today, we’ve come to Twitter,” Carlson said in the video. Regardless, whether the Twitter show has the same influence and reach as Carlson’s one-time Fox News time slot is far from certain. Carlson faces an uphill climb if he hopes to reclaim the power he once enjoyed through Twitter videos. The first episode of “Tucker on Twitter” didn’t help.

Persons: CNN — Tucker Carlson, “ Tucker, Carlson, Katie Robertson, Jeremy Peters, Vladimir V, Putin, Volodymyr Zelensky, ” Carlson, “ We’re, Bryan Freedman, Rupert Murdoch’s, Musk, Nielsen Organizations: CNN, Elon, Twitter, Fox News Locations: Russia, Ukraine

☆ Sterling slips after survey data shows house building slump
▼ + stars: | 2023-06-06 | by ( Harry Robertson | ) www.reuters.com time to read: +1 min

LONDON, June 6 (Reuters) - The pound slipped on Tuesday as data showed that British house building wilted in May and the dollar found a footing. The survey data showed house building in Britain fell at its fastest pace since May 2020 last month as construction companies struggled with rising interest rates. Yet the headline concealed divergence within the construction sector, with commercial and civil engineering activity rising but house building suffering. Turner said this could lead to the Bank of England (BoE) raising interest rates by less than markets expect. Traders currently envisage rates rising to around 5.4% later this year, from 4.5% currently.

Persons: Sterling, Chris Turner, Turner, BoE, Harry Robertson, Mark Potter Organizations: ING, Bank of England, Traders, Thomson Locations: Britain

☆ Hundreds of Gannett Journalists Walk Out
▼ + stars: | 2023-06-05 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

Hundreds of journalists for the country’s largest newspaper chain walked off the job on Monday, accusing the company’s chief executive of decimating its local newsrooms, and demanding a change at the top. The walkout was the biggest labor action in Gannett’s history, said the union representing the journalists. It included workers from about two dozen newsrooms, including The Palm Beach Post, The Arizona Republic and The Austin American-Statesman. The collective action is timed to coincide with Gannett’s annual shareholder meeting, which is being held on Monday. The NewsGuild, which represents more than 1,000 journalists from Gannett, sent a letter to Gannett shareholders in May urging a vote of no-confidence against Mike Reed, the chief executive and chairman.

Persons: Mike Reed, “ Organizations: The Arizona Republic, Austin American, Statesman, Gannett, Media

☆ Review: In ‘Days of Wine and Roses,’ Two Souls Lost in an Ocean of Booze
▼ + stars: | 2023-06-05 | by ( Laura Collins-Hughes | ) www.nytimes.com time to read: +1 min

If not for the unbridled drinking, it might easily have been a screwball comedy. Just look at them: Kirsten, blondly beautiful with a tolerant smile and a quick riposte; Joe, curly-haired cute but too arrogant to grasp that he’ll have to up his game to win this woman. It can’t be me; you don’t know me.”This is the addiction-canon classic “Days of Wine and Roses,” though, so some of us already know them. In Craig Lucas and Adam Guettel’s jazzy, aching musical based on the teleplay and the film, Kelli O’Hara and Brian d’Arcy James are an awfully glamorous Kirsten and Joe — O’Hara, in exquisite voice, singing 14 of the show’s 18 numbers, seven of them solos. Directed in its world premiere by Michael Greif for Atlantic Theater Company, this “Days of Wine and Roses” fills the old Gothic Revival parish house that is the Linda Gross Theater with glorious sound.

Persons: Kirsten, blondly, “, ”, Miller’s, Piper Laurie, Cliff Robertson, Lee Remick, Jack Lemmon, Joe, Craig Lucas, Adam Guettel’s, Kelli O’Hara, Brian d’Arcy James, Joe — O’Hara, Michael Greif, Linda Gross Organizations: Atlantic Theater Company Locations: New York City, Miller’s

☆ MLB roundup: Padres' stars shine in shutout of Cubs
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +12 min

Strider (6-2), who now has 113 strikeouts in 12 starts, worked six-plus innings, allowing three hits, two runs and four walks. Diamondbacks starter Ryne Nelson (2-3) took the loss, allowing three runs on six hits in 4 2/3 innings. Corey Seager had three hits, three runs and three RBIs and Nathaniel Lowe had three hits and three RBIs for the Rangers. Javier (7-1) limited the Angels to one run on six hits with no walks and five strikeouts over six innings. Guardians rookie left-hander Logan Allen (3-2) allowed two runs and seven hits in six innings to win his second straight start.

Persons: Yu Darvish, Ray Acevedo, Fernando Tatis Jr, Brandon Dixon, Trent Grisham, Tatis, Drew Smyly's, Seong Kim, Grisham, Jeremiah Estrada, Darvish, Spencer Strider, Ronald Acuna Jr, Eddie Rosario, Marcel Ozuna, Ryne Nelson, Evan Longoria, Jake Bauers, Aaron Judge, Oswaldo Cabrera, Gerritt Cole, Cole, Bauers, Michael Grove, Judge, J.D . Martinez, Justin Turner's, Alex Verdugo, Turner, Masataka Yoshida, Pablo Reyes, Corey Kluber, Tampa Bay's Yandy Diaz, Wander Franco, Diaz, Harold Ramirez, Francisco Mejia, Kenley Jansen, Mejia, Yandy Diaz, Brandon, wouldn't, Marcus Semien, Corey Seager, Nathaniel Lowe, Lowe, Mitch Garver, Leody Taveras, Andrew Heaney, Seattle's Bryson Woo, Vladimir Guerrero Jr, David Robertson, George Springer's, Springer, Guerrero, Jose Berrios, Tylor Megill, Connor Joe, Carlos Santana, Louis, Ke'Bryan Hayes, Luis L, Ortiz, Dauri Moreta, Nolan Gorman, Willson Contreras, Jordan Montgomery, Yoan Moncada, Andrew Benintendi, Reynaldo Lopez, Zach McKinstry, Realmuto, Matt Strahm, Dylan Covey, Washington, MacKenzie Gore, Alex Bregman, Cristian Javier, Javier, Bregman, Shohei Ohtani, Blake Perkins, Perkins, Graham Ashcraft, Will Brennan, Logan Allen, Emmanuel Clase, Sonny Gray, Gray, Jorge Polanco, Alex Cobb, Wilmer Flores, San Francisco, Kyle Bradish, Davis, Flores, Cobb, Aaron Hicks, Ryan O'Hearn, Bradish, Luis Arraez, Arraez, Joey Wendle, Eury Perez, Luis Medina, Elehuris Montero, Ryan McMahon, Randal Grichuk, Charlie Blackmon, Matt Carasiti, Nick Pratto, Maikel Garcia, Drew Waters, Salvador Perez Organizations: San Diego Padres, Chicago Cubs, USA, Padres, Cubs, Braves, Diamondbacks, Atlanta, Arizona, Yankees, Dodgers, Los, J.D, Red Sox, Rays, Boston, Tampa Bay, Rangers, Mariners, Seattle, MLB, Texas, Blue Jays, Mets, Pirates, Cardinals, Pittsburgh, White Sox, Tigers, Chicago, Detroit, Friday, Phillies, Philadelphia, Washington, Nationals, Astros, Angels, Houston, Brewers, Reds, Milwaukee, Cincinnati, The Brewers, Cleveland, Minnesota, Twins, Giants, Orioles, Baltimore, The Giants, San, Marlins, Athletics, Miami, Oakland, Royals, Kansas City, Rockies, Thomson Locations: San Diego , California, USA, Petco, Phoenix, New York, Los Angeles, Tampa, Texas, Arlington , Texas, Semien, Toronto, Minnesota, San Francisco, Colorado

☆ NPR’s Terence Samuel Is Named Top Editor of USA Today
▼ + stars: | 2023-06-02 | by ( Katie Robertson | ) www.nytimes.com time to read: 1 min

Terence Samuel, a top news executive at National Public Radio, will be the next editor in chief of USA Today. Gannett, the nation’s largest newspaper chain and the publisher of USA Today, made the announcement on Friday. Mr. Samuel, who will start on July 10, fills a position vacated in May by Nicole Carroll, who had led USA Today for five years. Mr. Samuel, 61, is a vice president and executive editor at NPR, where he oversees all news gathering at the network. Mr. Samuel said in a statement that he was honored to help lead USA Today, which made its debut in 1982, “into a digital future.”

Persons: Terence Samuel, Mr, Samuel, Nicole Carroll, ” Organizations: National Public Radio, USA Today, Gannett, USA, NPR, The Washington Post, Philadelphia Inquirer, . News

CNN —Senators are racing the clock to pass a bill to suspend the nation’s debt limit through January 1, 2025 – but it’s not yet clear when a final vote will take place as the threat of default looms. Once the Senate passes the measure, it can be sent to President Joe Biden to be signed into law. Suspending the debt limit through 2025 would take the threat of default off table until after the presidential election. In addition to addressing the debt limit, the bill caps non-defense spending, expands work requirements for some food stamp recipients and claws back some Covid-19 relief funds, among other policy provisions. There were 149 Republicans and 165 Democrats who voted for the bill and 71 Republicans and 46 Democrats who voted against it.

Persons: Joe Biden, Chuck Schumer, Mitch McConnell, Schumer, Sen, Bernie Sanders, Democratic Sen, Jeff Merkley Organizations: CNN, Senators, Senate, Republican, Treasury Department, Republicans, Democratic Locations: Vermont, Oregon

☆ Analysis: Germany leads big bond rally as inflation finally heads down
▼ + stars: | 2023-06-01 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +5 min

Borrowing costs, or bond yields, in the benchmark euro area issuer are down at least 20 basis points (bps) this week , . Yet this week's notable moves suggest investors are plumping with the view that easing inflation and recession risks are strong bond buy signals. Traders now expect the ECB hikes to peak at around 3.7% by September, suggesting two more hikes from 3.25% currently. COMPLICATEDInvestors cautioned that the European inflation outlook remained more complicated than in the United States, where inflation broadly is down sharply from peaks. This week's fall in borrowing costs followed sharp rises the previous two weeks on bets for more rate hikes.

Persons: Kaspar Hense, Flavio Carpenzano, It's, Cosimo Marasciulo, Marasciulo, BlueBay's Hense, Oliver Eichmann, DWS, Eichmann, Yoruk Bahceli, Harry Robertson, Dhara Ranasinghe, Susan Fenton Organizations: Bank, British, Thursday's, Traders, BlueBay Asset Management, Capital Group, ECB, U.S . Federal Reserve, General Investment Management, Bank of England, NatWest, Pictet Wealth Management, Thomson Locations: Germany, United States, Europe, Amundi, U.S, Britain, DWS

LONDON/TOKYO, May 31 (Reuters) - The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China's recovery is sputtering. That helped the dollar index , which measures the greenback against six major peers, climb to 104.63, its highest since March 16. Data on Wednesday showed inflation in France and some of Germany's biggest states is slowing quickly. Euro zone-wide inflation data is due out tomorrow. "European inflation is rolling back now and you're taking back some of the previously anticipated hikes from the ECB," said Carl Hammer, chief strategist at European bank SEB.

Persons: Carl Hammer, SEB, Hammer, Shusuke Yamada, Bart Wakabayashi, Sterling, Tayyip Erdogan, Harry Robertson, Kevin Buckland, Mark Potter, Helen Popper Our Organizations: U.S, Analysts, European Central Bank, ECB, U.S ., Bank of America, State, Thomson Locations: TOKYO, France, U.S, China, COVID, Tokyo

☆ Prosecutor Recounts a Day of Worship Turned Deadly in a Pittsburgh Synagogue
▼ + stars: | 2023-05-30 | by ( Campbell Robertson | ) www.nytimes.com time to read: +1 min

The federal trial of the gunman who killed 11 worshipers at a Pittsburgh synagogue, the deadliest antisemitic attack in the nation’s history, began on Tuesday with a minute-by-minute description of how the massacre unfolded on a chilly October morning in 2018. Ms. Song described them greeting other worshipers at the door, chatting casually in the kitchen and sitting in the pews for prayer. She then spoke of the defendant, Robert Bowers, describing his flurry of hate-filled postings on social media and how, at the same moment that the worshipers were gathering for services, he was “making his own preparations to destroy, to kill and to defile.”Prosecutors are seeking the death penalty for Mr. Bowers, 50. This stage of the trial will take place in two parts. The first, which began Tuesday, concerns guilt; if Mr. Bowers is found guilty, proceedings will follow to determine whether he receives a death sentence.

ET (1900 GMT), to discuss the debt ceiling bill. U.S. 10-year Treasury yields fell about 10 basis points (bps) to 3.72%, while thirty-year yields fell 8 basis points to 3.90%. "What is currently happening since yesterday shows where the debt ceiling premium was actually priced: mostly in bonds," said Ielpo. The cost of insuring exposure to a U.S. debt default meanwhile fell. "I wouldn’t blame the Treasury rally on the debt ceiling deal necessarily... the additional T-bill issuance, quantitative tightening, and difficult bank funding conditions now conspire to less favourable financing conditions to the economy," said Bouvet.

☆ With Watchful Eyes, a Nationwide Network Tracks Antisemitic Threats
▼ + stars: | 2023-05-29 | by ( Campbell Robertson | ) www.nytimes.com time to read: +1 min

In a dimly lit conference room on an upper floor of a Chicago mid-rise, an intricately detailed snapshot of American peril is being taken, minute by unsettling minute. Reports from around the country — of gunshots, bomb threats, menacing antisemitic posts — flash across more than a dozen screens. This is the headquarters of the Secure Community Network, the closest thing to an official security agency for American Jewish institutions. There are other organizations that specialize in security for Jewish facilities, but none as broad as this group, which was created by the Jewish Federations of North America after 9/11. What prompted its rapid expansion was the murder of 11 worshipers from three congregations by a hate-spouting gunman at the Tree of Life synagogue on Oct. 27, 2018, the deadliest antisemitic attack in American history.

☆ UK experts are teaching Ukrainians to make can-sized bombs that can bring down buildings, report says
▼ + stars: | 2023-05-29 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

British explosive experts are teaching Ukrainians how to build can-sized bombs by hand. Similar technology was reportedly used to bring down a building on Russian troops in Bakhmut. The weapons have been used to target individual Russian soldiers and bring down Russian-held buildings, according to CNN. Similar technology was also used to bring down a building on dozens of Russian troops in Bakhmut, per CNN. As well as teaching Ukrainian soldiers how to build can-sized bombs, the British experts are bringing key components – including switches, microchips, and 3D printers – to Ukraine, according to CNN.

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