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☆ Fact Check: Edinburgh war memorial vandalised in 2022, not 2023
▼ + stars: | 2023-11-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Edinburgh’s war memorial has not been vandalised in 2023, said the city’s council, despite online accounts sharing the aftermath of its vandalising in 2022 as if recent. Some accounts link the damage to pro-Palestinian demonstrations responding to the 2023 Israel-Hamas war. A war memorial in Rochdale, northern England, was defaced on Nov. 7. There were no records of reports of a 2023 incident at the site of the Edinburgh war memorial as of Nov. 9. Footage of Edinburgh’s war memorial having been set on fire are from 2022.

Persons: Scotland, Rishi Sunak, “ We’ve, ”, Read Organizations: Facebook, Pro Palestine, Britain’s, Edinburgh Council, Reuters, Scotland Police, Thomson Locations: Israel, Rochdale, England, The City, Edinburgh

☆ Volkswagen aims to bring under-$35,000 EV to US in 3-4 years-VW executive
▼ + stars: | 2023-11-09 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

A charging handle recharges a Volkswagen ID.4 electric vehicle (EV) parked at an EV charging station inside a parking garage owned by the City of Baltimore, in Baltimore, Maryland, U.S., March 23, 2023. Speaking at the Reuters Events Automotive USA 2023 conference in Detroit, Fischer said VW plans to build the under-$35,000 EV in the United States or Mexico. VW also is looking at localizing assembly of battery packs for the under-$35,000 EV to qualify for additional incentives under the U.S. Inflation Reduction Act, Fischer said. The German automaker previously has announced plans to build battery cells in Canada for its current and future North American-built EVs. Reporting by Paul Lienert in Detroit; Editing by Mark Porter and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Nio, Reinhard Fischer, Ganesh Iyer, Fischer, Iyer, Paul Lienert, Mark Porter, Sharon Singleton Organizations: Volkswagen, EV, City, REUTERS, Rights DETROIT, EVs, VW Group of America, Nio, Reuters, Automotive, VW, U.S, Thomson Locations: City of Baltimore, Baltimore , Maryland, U.S, North America, Detroit, United States, Mexico, Chattanooga , Tennessee, Puebla, South Carolina, Canada

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California

☆ Fact Check: Brazil soccer fans video shared as pro-Palestinian rally in France
▼ + stars: | 2023-10-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of soccer fans walking to the Oct. 5 Copa Libertadores semi-final between Palmeiras and Boca Juniors has been mislabeled online as showing a pro-Palestinian rally in France. The nighttime video of a large column of people was also shared on Facebook. The video, however, was posted on X on Oct. 5 by a Brazilian football page called “Planeta do Futebol” and was credited to sports journalist Marcela Rafael. Rafael told Reuters in an email that the video shows fans of Brazil’s Palmeiras team before a match against the Argentine Boca Juniors in the Copa Libertadores, the South American equivalent of Europe's Champions League. The video shows soccer fans heading to watch a match in Sao Paolo, not a pro-Palestinian protest in France.

Persons: Marcela Rafael, Rafael, Rua Jose Benedito Boneli, Read Organizations: Copa Libertadores, Palmeiras, Boca Juniors, “, Palestine, Twitter, Facebook, Hamas, Reuters, Planeta, Futebol, Argentine Boca Juniors, Europe's Champions, Allianz Parque, Thomson Locations: France, “ France, Palestine, Israel, Palestinian, Sao Paolo

The puzzle game on his Android phone had been interrupted by a video showing Hamas militants, terrified Israeli families and blurred graphic footage. Reuters has not been able to establish how the ad came to her son's video game, but her family isn't alone. In at least one case, the ads were played inside the popular "Angry Birds" game made by SEGA-owned developer Rovio (ROVIO.HE). Google ran more than 90 ads for the foreign ministry but declined to comment on where it displayed those ads. In the Cassis family's case, the ads appeared in a game called "Alice's Mergeland" made by a developer called LazyDog Game.

Persons: Maria Julia Assis, Hannah McKay, Maria Julia Cassis, Rovio, Lotta Backlund, David Saranga, Saranga, Outbrain, Holland –, Alexandra Marginean, Marginean, Stack's, Raphael Satter, Sheila Dang, Katie Paul, Ken Li, Lisa Shumaker Organizations: REUTERS, Israeli Ministry of Foreign Affairs, Reuters, SEGA, Ministry of Foreign Affairs, Israeli Foreign Ministry, Google, West Bank, Palestine, Palestinian Authority, Holland, Stack's Ubisoft, Subway, SYBO, Apple, Standards Authority, Thomson Locations: Israel, London, Britain, Brazil, Europe, Gaza, France, Austria, Germany, Munich, Austrian, Danish, Washington, New York

☆ Fact Check: Black flag raised by Iranian shrine for mourning occasions
▼ + stars: | 2023-10-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Posts on Facebook and messaging platform X, formerly known as Twitter, featured a photo of the black flag atop the shrine’s dome. Many wrote that the black flag was raised over the shrine for the “first time in history”. However, the Imam Reza shrine has raised the black flag before and routinely does so as a sign of mourning. “The shrine in Mashhad also does it more generally to mark mourning.”Reuters contacted the Imam Reza Holy Shrine for comment. The Imam Reza Holy Shrine said it raised a black flag on Oct. 18, 2023 to mourn deaths in the Gaza hospital strike.

Persons: Reza Holy, …, Israel ”, Reza, Imam Hussein, Prophet Mohammad, Imam Ali, ”, Sajjad Rizvi, Imam Reza Holy Shrine, Read Organizations: Facebook, Islamic Republic News Agency, University of Exeter’s Institute of Arab, Islamic, ” Reuters, Reuters, Thomson Locations: Mashhad, Iran, Gaza, U.S, Islam

☆ China weighs options to blunt U.S. sanctions in a Taiwan conflict
▼ + stars: | 2023-10-20 | by ( Eduardo Baptista | ) www.reuters.com time to read: +10 min

"In the context of intensified Sino-U.S. strategic competition and the Taiwan Strait conflict, we should be wary of the U.S. replicating this financial sanction model against China," wrote Chen Hongxiang, a researcher at a branch of the People's Bank of China (PBOC) in eastern Jiangsu province. Wang and several PBOC researchers wrote in articles that if the U.S. implemented Russia-style sanctions on China, Beijing should freeze U.S. investment and pension funds and seize the assets of U.S. companies. ENERGY AND ALLIANCESBesides financial sanctions, Russia's response to Western pressure on its oil, gas, metals, and chips industry has given food for thought to Chinese researchers. Chinese researchers also suggested Beijing exploit cracks within the European Union and between the U.S. and its allies. "The mutual penetration of the Chinese and American economies will inevitably weaken the willingness to impose financial sanctions," he wrote.

Persons: Thomas Peter, Chen Hongxiang, Xi Jinping, Yu Yongding, Yu, PBOC, Wang Yongli, Wang, Sun, Mou Lingzhi, Xia Fan, Ye Yan, Martin Chorzempa, Chorzempa, Chen, Eduardo Baptista, David Crawshaw Organizations: REUTERS, Rights, U.S, Moscow, China, People's Bank of China, Reuters, Senior U.S, People's Liberation Army, China National Knowledge Infrastructure, China International Futures, U.S ., China Center for International Economic, Shanghai Academy of Social Sciences, China Minmetals Corporation, London Metals Exchange, Oil and Gas Exploration, Development Company, European Union, Peterson Institute for International Economics, EU, Thomson Locations: Fuzhou, Taiwan, Matsu, China, Rights BEIJING, Russia, Ukraine, Jiangsu, Beijing, Russian, U.S, Hainan, Washington, United States

☆ Fact Check: Video of explosion in Gaza predates Israel's bombardment after Hamas Oct. 7 rampage
▼ + stars: | 2023-10-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of an explosion in Gaza from May has been falsely claimed online to have been filmed in October. Users on Facebook and messaging platform X, suggested the video showed an Israeli airstrike responding to Hamas’ deadly Oct. 7 attack in southern Israel. Reuters confirmed the location of the video as Al Karameh street in Gaza by comparing trees, lamp posts, and buildings with satellite images found on Google Maps. But the video was filmed at least five months before the Hamas attack. Video of Gaza explosion was filmed at least five months before Hamas’ October attack.

Persons: Read Organizations: Facebook, Reuters, Google, Islamic, Thomson Locations: Gaza, Israel, Karameh

☆ Fact Check: Israel-Hamas war: Video of red flares and fireworks shows Algeria, not Gaza
▼ + stars: | 2023-10-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Footage from Algiers, Algeria, showing red flares and fireworks being set off from rooftops is being shared online with the false claim it shows Gaza. Israeli strikes are complemented by local fireworks,” and “This is not Diwali fireworks. But Reuters confirmed the location of the video using satellite imagery to be Algiers, Algeria, not Gaza. The video was taken from a residential building facing south on Rue Lahcen Mimouni, Algiers. The video was filmed in Algiers, Algeria, not Gaza.

Persons: Rue Lahcen Mimouni, Lahcen Mimouni, Mada Mohamed, Rue Mohamed Belouizdad, Read Organizations: Twitter, ”, Facebook, Reuters, Al, Google, 1er, YouTube, Thomson Locations: Algiers, Algeria, Gaza, Rue, Al Mokrani, Israel

☆ Fact Check: Video shows bus station attack in Brazil, not Sunderland
▼ + stars: | 2023-10-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A widely-shared video of a man being robbed and stabbed at a bus station was filmed in Brazil last year not, as is being falsely reported online, in England. The graphic clip, uploaded to Facebook, shows a man at a ticket machine being grabbed from behind and his bag being stolen by two men. The attackers then run away and the man falls over a ticket barrier onto the floor. The man wounded in the attack was named in reports as Pablo Felipe Lima Bernardo. The video shows an attack in Brazil, not the UK.

Persons: Pablo Felipe Lima Bernardo, Read Organizations: Facebook, Reuters, Thomson Locations: Brazil, England, English, Sunderland, Taquara, Rio de Janeiro

☆ Special Report: How Cubans were recruited to fight for Russia
▼ + stars: | 2023-09-30 | by ( Dave Sherwood | ) www.reuters.com time to read: +12 min

In La Federal, for example, all nine recruits identified by Reuters signed up to fight in the war. "We are deeply concerned by reports alleging young Cubans have been deceived and recruited to fight for Russia," the spokesperson said. In La Federal, word of the army work began to spread in June, according to the residents interviewed. The first line of the message states: "This is a contract with the Russian military by which you receive citizenship." He stressed that the people who signed up in La Federal knew they would be going to fight.

Persons: Dannys Castillo, Yamidely Cervantes, Enrique Gonzalez, Cervantes, husband Gonzalez, Gonzalez, Oleg Nikolenko, Vladimir Putin, Dayana, Cristian Hernandez, Viondi, Alina Gonzalez, Danilo, Roberto Sabori, Yasmani, MAMI, Mami, Luis Herlys Osorio, Nilda, Osorio, Havana didn't, Dave Sherwood, Alexandre Meneghini, Mario Fuentes, Carlos Carrillo, Matt Spetalnick, Tom Balmforth, Filipp Lebedev, Felix Light, Pravin Organizations: Reuters, La Federal, Federal, Russia, Kremlin, Cuban, U.S . State Department, Facebook, Dayana, Soviet, Pravin Char, Thomson Locations: Alamar, Havana, Cuba, La, Ukraine, Russia, Moscow, Russian, Tula, Crimea, Ukrainian, United States, Villa Maria, Cuban, U.S, America, Europe, Gonzalez, Varadero, Ryazan, Soviet, Angola, Africa, Washington

Kosovo authorities say around 30 heavily armed Serbs stormed the village of Banjska on Sunday, battling police and barricading themselves into the Serbian Orthodox monastery. Police recaptured the monastery late on Sunday after three attackers and one police officer were killed. Kosovo has accused Serbia of backing the armed militants; Serbia says Kosovo is to blame for mistreating residents in the Serb-majority area. It said one of them was Milan Radojcic, a Kosovo Serb politician and one of the leaders of the Serb List party. Serb List was the dominant Serb party in Kosovo's parliament before Serbs from the north and those loyal to Belgrade boycotted Kosovo's institutions nearly a year ago.

Persons: Milos Vucevic, Bjoern Arild Gram, Ognen, Aleksandar Vucic, Albin, Kurti's, Milan Radojcic, Dejan, Dusan Maksimovic, Fatos Bytyci, Aleksandar Vasovic, Ivana Sekularac, Christina Fincher, Alison Williams Organizations: Kovoso Police, Kosovo police, Police, ", Kosovo Serbs, REUTERS, KFOR, Kosovo, Reuters, Belgrade, Kosovo's, Vucic's Serbian Progressive Party, Thomson Locations: PRISTINA, BELGRADE, Kosovo, Banjska, Serbian, Serbia, NATO, Belgrade, Pristina, Serb, Zvecan, United States, EU, Britain, France, Germany, Italy, Kosovo Serb, Kosovo's

The Romanian government has said it aims to double the monthly transit capacity for Ukrainian grain through its Constanta port to four million metric tons in the coming months from virtually zero before the Russian war started. In August, roughly 2.7 million tons of Ukrainian grain passed through Constanta, Comvex manager Viorel Panait said in an interview with Reuters. Port operator SOCEP S.A. (SOCP.BX) said it had paid 10 million euros for new equipment at its grain terminal silo and ship loader. "I would say more than half of the port's 13 grain operators are already authorized or in the process of being so." A government source told Reuters Constanta now had a logistics capacity of 40 million tons of grains per year, sharply higher than its annual record high 25 million tons set in 2021.

Persons: George Calin, Viorel Panait, Panait, Gabriel Techera, Luiza Ilie, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Union, NATO, Moldovan, Decirom S.A, SOCEP S.A, Constanta Port Business Association, Thomson Locations: Constanta, Romania, Rights BUCHAREST, Romanian, Black, Ukraine, Moscow, Ukraine's, Russia, Ukrainian, Vadul Siret, Dornesti, Reuters Constanta

☆ Devastation in Derna
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +7 min

Swathes of Derna, a city of 125,000 residents, were obliterated by the flood on Sunday night, bringing down multi-storey buildings while families were asleep. Map showing the footprint of buildings in Derna, highlighting those which appear to be completely washed away. Drone shots of Derna, Libya. REUTERS Drone shots of Derna, Libya. A view shows the damaged cars, after a powerful storm and heavy rainfall hit Libya, in Derna, Libya.

Persons: Abdulmenam, Ghaithi, Hichem Abu Chkiouat, Mustafa Salem, “, hydrologist, Omar Al, Mukhtar, Storm Daniel, ”, Suzanne Gray, Muammar Gaddafi, Omran Organizations: Planet Labs PBC, Reuters, REUTERS, Plant Labs, Mukhtar University, Britain's University of Reading, Al, National Meteorological Centre, NATO, of National Unity, Fetori Locations: Libya, Derna, Greece, Tripoli

☆ Libya floods wipe out quarter of city, 10,000 feared missing
▼ + stars: | 2023-09-12 | by ( Ayman Werfali | ) www.reuters.com time to read: +4 min

NEAR DERNA, Libya, Sept 12 (Reuters) - At least 10,000 people were feared missing in Libya on Tuesday in floods caused by a huge storm, which burst dams, swept away buildings and wiped out as much as a quarter of the eastern city of Derna. "The number of bodies recovered in Derna is more 1,000," he said. "I am not exaggerating when I say that 25% of the city has disappeared. [1/5]People are stuck on a road as a powerful storm and heavy rainfall hit Shahhat city, Libya, September 11, 2023. Libya is politically divided between east and west and public services have crumbled since a 2011 NATO-backed uprising that prompted years of conflict.

Persons: Storm Daniel, Abu Chkiouat, Al Jazeera, Ramadan, Ali Al, Saadi, Tarek Amara, Ayman Werfali, Friedrieke Heine, Angus McDowall, Gabrielle Tétrault, Farber, Clauda, Tom Perry, Ingrid Melander, Alison Williams, Peter Graff Organizations: Reuters, International Federation of, Red Crescent Societies, Facebook, Libyan, Thomson Locations: DERNA, Libya, Derna, Geneva, Tunisia, Derna's, NATO, Tripoli, Misrata, United States

"We can confirm from our independent sources of information that the number of missing people is hitting 10,000 so far," he told reporters via video link. 'NEVER FELT AS FRIGHTENED'[1/6]People are stuck on a road as a powerful storm and heavy rainfall hit Shahhat city, Libya, September 11. At Tripoli airport in northwest Libya, a woman started to wail loudly as she received a call saying most of her family were dead or missing. "If a huge flood happens the result will be catastrophic for the people of the wadi and the city," the paper said. Pope Francis was among world leaders who said they were deeply saddened by the deaths and destruction in Libya.

Persons: Daniel, Storm Daniel, Abu Chkiouat, Derna, Al Jazeera, Tamer Ramadan, Martin Griffiths, Ali Al, Saadi, Mostafa Salem, Salem, wail, Walid Abdulati, Karim al, Al, Khalifah, hydrologist, Omar Al, Mukhtar, Pope Francis, Tarek Amara, Ayman Werfali, Ahmed Elumami, Al Bayda, Laila Bassam, Friedrieke Heine, Angus McDowall, Gabrielle Tétrault, Farber, Clauda Tanios, Jana Choukeir, Gavin Jones, Emma Farge, Tom Perry, Ingrid Melander, Alison Williams, Peter Graff, Mark Heinrich Our Organizations: UN, Storm, Reuters, International Federation of, Red Crescent Societies, United, REUTERS, Libyan, Mukhtar University, Norway's Refugee, Thomson Locations: Libya's, Libya, Derna, Benghazi, United Nations, Turkey, Tripoli, Al Jazeera, NATO, Misrata, Norway's, Tunisia, Al

Since 1900, there have been no earthquakes M6 (magnitude 6) and larger within 500 km of this earthquake, and only 9 M5 (magnitude 5) and larger earthquakes,” USGS said. Most houses in the mountain village of Asni near the epicenter were damaged, Montasir Itri, a local resident, told Reuters. Morrow state-run Al-Aoula television on Saturday showed multiple buildings collapsed near the epicenter of the earthquake. I’m still in the road with my children and we’re scared,” Houda Hafsi, a 43-year-old Marrakech resident, told Reuters. Before the Covid pandemic, the old city drew nearly three million tourists in 2019.

Persons: Montasir, ”, Hamid Afkar, Waaziz Hassan, Brahim Himmi, I’m, Houda, Aoula Organizations: CNN, United States Geological Survey, Reuters, Royal Moroccan Armed Forces, Twitter, “ Earthquakes, National, of Geophysics, “, UNESCO Locations: Morocco, African, Marrakech, Asni, Taroudant, Morrow, Al, Rabat

☆ At Taser maker Axon, ex-staff say loyalty meant being tased, tattooed
▼ + stars: | 2023-08-30 | by ( Scottsdale | ) www.reuters.com time to read: +34 min

Reuters also interviewed 63 current and former Axon employees, including nine former executives. No one with whom Reuters spoke was aware of deaths or lawsuits stemming from tasings of Axon staff. Axon has faced fewer lawsuits since 2009, the year it introduced a new Taser model with a lower charge. Screenshots from an Axon promotional video show CEO Rick Smith taking a Taser hit in 1993, the year he co-founded the business. And that’s off-putting.”Gorman, the former Axon lawyer, said he “vividly” remembers an executive asking him if he was going to be tased.

Persons: Ross Blank, Blank, Steve Tuttle, Shawn Gorman, ”, Jennifer Chatman, Rick Smith, Andrea James, ” James, Axon’s, tasings, ” Blank, Tuttle, Staff tasings, “, Valencia Gibson, Gibson, Reuters –, Axon’s “, Bro, Josh Isner, Isner, James, –, Ann Rosenthal, Rosenthal, ” Rosenthal, Sigma Chi, Smith, ” Smith, ” Michael Church, Hans Marrero, Marrero, ” Marrero, “ I’m, ’ ” Smith, “ It’s, ” Gibson, ” ‘, impressionable, squinting, Keara, Rylan, Mihir Shah, ” Shah, Mario Barth, “ Willing, It’s, Isaiah Fields, Wayne Guay, Lamar Cousins, Cousins, Kevin De Rosa Jr, De Rosa, ” Isner, Smith’s, De Rosa bellowed, They’re, ” Gorman, You’re, Jeffrey Dastin, Paresh Dave Art, John Emerson, Julie Marquis Organizations: Enterprise Inc, Reuters, Haas School of Business, University of California, Staff, Scottsdale, Yorker, U.S . Securities, Exchange Commission, . Occupational Safety, Health Administration, federal, Safety, Health, Labor, Sigma, Harvard, Sigma Chi, Boston Magazine, Harvard’s Sigma Chi, U.S . Marine Corps, YouTube, Employment, Los, Keara Berlin, ” Employees, Los Angeles Police Department, Wharton School, University of Pennsylvania, strapping, Culture Locations: Berkeley, Rome, United States, Arizona, U.S, Las Vegas, Los Angeles, “, Berlin, Sacramento, San Jose , California, tasings, Mandalay, Scottsdale, wasn’t

☆ Fast, cheap and deadly
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +18 min

Fast, cheap and deadly How fentanyl replaced heroin and hooked AmericaLeer en EspañolReuters obtained and analyzed ten year’s worth of data on drugs seized by U.S. Customs and Border Protection (CBP) agents at ports of entry along the southern border. It shows: Fentanyl seizures by weight more than tripled in the last quarter of 2022 compared to a year earlier. Pills were mentioned in nearly half of fentanyl border seizure incidents in 2022, up from just 6% five years earlier. A fifth of fentanyl seizures take place on pedestrians, the Reuters analysis shows. Over the same period, heroin seizures fell more than 80% from over 2,000 kg, according to the Reuters analysis.

Persons: Bryce Pardo, Troy Miller, Joe Biden, Andres Manuel Lopez Obrador, ”, Chris Urben, Urben, Joaquin ‘ El Chapo ’ Guzman, “, CBP’s Miller, Jonathan Caulkins, James Mandryck, Oxycontin, Lopez Obrador, narcotrafficking, Lopez, Rosa Rodriguez, Cecilia Farfan, Mendez, Freed, Pardo, Romain Le Cour, Cour, Carlos Perez, Perez Organizations: Reuters, U.S . Customs, Border Protection, U.S . Centers for Disease Control, United Nations Office, Drugs, DEA, CBP, U.S, Nardello, Carnegie Mellon University, U.S . Postal Service, Chinese Foreign Ministry, Mexico's, North, Forensic Laboratory, University of California, Global, Transnational, U.S . Congress ’ Commission, New Generation, Center for Research Locations: Mexican, U.S, Mexico, Sinaloa, El Paso, Arizona’s Nogales, United States, offscreen, sierra, China, Beijing, Washington, University of California San Diego ., ”, New, New Generation Jalisco, Mexico City

☆ Oppenheimer strategist projects S&P 500 will eclipse record high by year end
▼ + stars: | 2023-08-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its record high by year end, the latest Wall Street firm to grow more bullish on the outlook for stocks following the market's rally this year. Oppenheimer lifted its year-end price target for the S&P 500 to 4,900 from the 4,400 projection it set in December, Chief Investment Strategist John Stoltzfus said in a note. The S&P 500 record closing high is 4,796.56, reached on Jan. 3, 2022, while the index's intraday record is 4,818.62, which it hit on Jan. 4, 2022. Oppenheimer's more bullish view comes after Citigroup (C.N) recently boosted its S&P 500 price target by 15%, saying the more upbeat view reflected increased probability of an economic soft landing.

Persons: Brendan McDermid, Oppenheimer, John Stoltzfus, Stoltzfus, Morgan Stanley, Michael Wilson, Lewis Krauskopf, Noel Randewich, Chris Reese Organizations: New York Stock Exchange, REUTERS, Reuters, Oppenheimer, Management, Citigroup, Thomson Locations: New York City, U.S, San Francisco

☆ Goldman Sachs' head of partner family office Opoku to leave -memo
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Lisa Opoku, global head of the Goldman Sachs Partner Family Office, oversaw the firm's wealth management offerings for current and retired Goldman Sachs' partners, managing directors and alumni, the memo said. Opoku adds to a string of recent departures of senior executives at Goldman Sachs. Salisbury was the chief investment officer at Goldman's asset and wealth management arm. Opoku joined Goldman Sachs in 2004, and was named managing director in 2006 and partner in 2012, the memo said.

Persons: Goldman Sachs, Andrew Kelly, Lisa Opoku, Julian Salisbury, Salisbury, Opoku, Saeed Azhar, Jonathan Oatis, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Reuters, Bloomberg News, Goldman, Sixth, Thomson Locations: New York City , New York, U.S

☆ US job openings at more than two-year low but still elevated
▼ + stars: | 2023-08-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

There were 1.6 job openings for every unemployed person in June, little changed from May. Economists polled by Reuters had forecast 9.610 million job openings. Reuters GraphicsThere were an additional 136,000 job openings in healthcare and social assistance, while vacancies increased by 62,000 in state and local government, excluding education. The job openings rate was unchanged at 5.8% in June. ISM manufacturing PMIIt has, however, not been a reliable predictor of manufacturing employment in the government's nonfarm payrolls count.

Persons: Elizabeth Frantz, Eugenio Aleman, Raymond James, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Reuters, Federal, Labor, Survey, Labor Department, Employers, Treasury, Institute for Supply Management, PMI, Economists, ISM, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, . U.S

Uber (UBER.N) shed 5.4% after the ride-hailing company missed second-quarter revenue expectations. Among pharmaceutical heavyweights, Pfizer (PFE.N) edged lower in choppy trading after the drugmaker fell short of Wall Street expectations for quarterly revenue, hit by declining sales of its COVID-19 products. Merck (MRK.N) eased 0.8% even as it raised its full-year profit forecast after posting a smaller-than-expected second-quarter loss. U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data on Tuesday, compared with a 7.9% decline estimated a week earlier. Arista Networks (ANET.N) jumped 20.1% as the network gear maker forecast quarterly revenue above estimates after delivering better-than-expected results.

Persons: Brendan McDermid, Mike Olsen, Johann M Cherian, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Reuters, PMI, Dow, Nasdaq, Caterpillar, Pfizer, Merck, U.S, Arista Networks, Dow Jones, Cruise, JetBlue Airways, American Airlines, NYSE, Thomson Locations: New York City, U.S, Bengaluru

The Norwegian Pearl cruise ship is seen docked at Miami port, after Norwegian Cruise Line Holdings Ltd cancelled sailings amid rising fears of Omicron-related coronavirus infections, in Miami, Florida, U.S. January 5, 2022. Rival Royal Caribbean (RCL.N) last week forecast an upbeat third-quarter profit as well as lifted its annual profit expectations. Norwegian Cruise forecast its annual adjusted EBITDA, a key measure of profitability, between $1.85 billion and $1.95 billion, up from $1.80 billion to $1.95 billion previously. Despite undertaking price hikes on its itineraries, Norwegian Cruise has been bogged down by inflation and higher labor costs. Rival Carnival (CCL.N) has also forecast third-quarter profit below estimates on higher costs.

Persons: Marco Bello, Patrick Scholes, Royal, Harry Sommer, Norwegian's, Granth, Shinjini Organizations: Cruise Line Holdings Ltd, REUTERS, Reuters, Cruise, Royal, Truist Securities, Norwegian Cruise, Thomson Locations: Norwegian, Miami, Miami , Florida, U.S, Royal Caribbean, Bengaluru

REUTERS/Andrew Kelly/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - LensCrafters agreed to pay $39 million to settle a lawsuit by prescription eyeglass customers who accused the eyewear chain of misleading them about how well its Accufit technology could measure their eyes. Customers said the claims were false because LensCrafters' manufacturing processes did not support its claims, and that an update would not be clinically significant. They claimed to pay more for their glasses than if LensCrafters had not overpromised and underdelivered. The settlement covers all U.S. customers of LensCrafters who since Sept. 5, 2013, bought prescription glasses after being fitted with Accufit. LensCrafters said it operates 955 stores in 49 U.S. states, Washington, D.C., and Puerto Rico, with no stores in Wyoming.

Persons: Andrew Kelly, LensCrafters, Accufit, Allegra et, Jonathan Stempel, Jonathan Oatis Organizations: EssilorLuxottica SA, REUTERS, Reuters, Customers, D.C, Retail, Court, Eastern District of, Thomson Locations: Manhattan , New York City, U.S, Brooklyn, New York , California, Florida, Washington, Puerto Rico, Wyoming, Paris, Charenton, Pont, America, Eastern District, Eastern District of New York, New York

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