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A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, February 3, 2020. The regional economic and policy events calendar this week is jammed with top-tier releases which are sure to give local assets strong steers, especially from China. China's economic surprises index turned positive three weeks ago but despite stronger-than-expected third quarter GDP growth, that momentum has faded. This week's 'data dump' will give a clearer picture of how the economy started the fourth quarter. Indonesia's quarter-on-quarter growth rate is expected to more than halve to 1.71% from 3.86%, according to a Reuters poll, and annual growth is expected to essentially hold steady just above 5%.
Persons: Jason Lee, Jamie McGeever, Josie Kao Organizations: People's Bank of China, REUTERS, Reserve Bank, Reuters, Bank of Korea, Bank of Japan, Nikkei, Thomson Locations: Beijing, China, Asia, U.S, Thailand, Philippines, Taiwan, Hong Kong, Indonesia, Indonesian, Japan
Another historical anchor for Battat was the hot pink collared dress worn by Priscilla after giving birth to Lisa Marie. Sabrina Lantos/Courtesy A24Dress is one of the first ways we see the cracks in Priscilla and Elvis’ relationship, too. Sabrina Lantos/Courtesy A24Battat then found a pink dress similar to one worn in an archival photo taken of the actor. Priscilla, in a pink dress and sitting cross-legged on the sofa, pores over the magazine, dressed as an imitation of the other woman. “No one will know that’s Ann-Margret’s pink dress,” said Battat.
Persons: Kim, Kanye, Priscilla, Elvis Presley, Priscilla ’, Elvis, Lisa Marie, Sabrina Lantos, Stacey Battat, Sofia Coppola’s, Priscilla ”, Jacob Elordi, Cailee Spaeny, , , Priscilla herself, Battat, Coppola, Chanel, Philippe Le Sourd, Elvis ’, Valentino —, Valentino, “ He’s, , “ Elvis, ” Coppola, she’s, Coppola —, Lux Lisbon, sexless nightgown, Marie Antoinette ”, Spaeny, “ Cailee, , Ann, Margret, , dalliances, that’s Ann Organizations: CNN, Vegas, Battat, Lux Locations: Bad Nauheim, Germany, Los Angeles, Priscilla, Graceland, Austrian, France, Versailles, Las Vegas
In 1996, for example, the Atlanta Braves baseball team embarked on a 17-game, 20-day road trip while the Summer Olympics went on in their home city. The Tour plans a different route every year, and it had previously announced some of this year’s featured changes, including the finish in Nice and a start in Italy. It is not uncommon for the Tour to begin in another country; it has done so six times in the last 10 years. Next year, the men’s Tour will start in Italy for the first time since its inception in 1903. The opening stage will travel east from Florence to Rimini on June 29, with Stages 2 and 3 in Italy as well before the race enters France.
Persons: , du Galibier Organizations: Atlanta Braves, Summer, Tour Locations: Nice, Italy, Florence, Rimini, France, Troyes
I asked money experts for tips on how to get the most out of selling stocks by the end of the year. I'm going to use tax-loss harvesting to maximize the benefit I get from selling stocks. One pain point I'm addressing is that I have lost so much money in the stock market this year, and I just want out. With his recommendation, I sat down and reviewed each individual stock, looked into the company's earning reports, and researched news about emerging trends in that industry. However, Han shared a caveat that's important to know if you're someone who plans to keep on buying and selling stocks.
Persons: I'm, , I've, Jeff Rose, Lei Han, Rose, Han, shouldn't Organizations: Service, CPA
Slingsby steered the Flying Roo foiling catamaran to finishes of 5-2-1 to take a one-point lead over Nicolai Sehested’s ROCKWOOL Denmark, with Spain's Diego Botin six points back in third. Britain's Sir Ben Ainslie had a rough start in his pursuit of a third straight regatta victory, going 8-10-6 to settle into ninth in the 10-boat fleet. Political Cartoons View All 1211 ImagesThe Aussies came into the regatta with a six-point lead over Ainslie and Botin in the season standings despite not having won yet this season. "Although we have been consistent and sailed well, we haven’t managed to get a win this season. She was the first woman to win a SailGP regatta when the Aussies were victorious in Cádiz in 2021.
Persons: Tom Slingsby, Cádiz, Slingsby, Nicolai Sehested’s ROCKWOOL, Spain's Diego Botin, Botin, Sir Ben Ainslie, Peter Burling, Jimmy Spithill's, Taylor Canfield, Hans Henken, it’s, Ainslie, Larry Ellison's, “ It’s, ” Slingsby, haven’t, I’ve, Nina Curtis, , , Curtis, Dylan, Burling, Bernie Wilson Organizations: Team Australia, Team New Zealand, USA, America's, Program, Aussie, Kiwis, Saint, Twitter Locations: Spain, Nicolai Sehested’s ROCKWOOL Denmark, Los Angeles, Botin, San Francisco, Cádiz, Australia, Taranto, Italy
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Persons: Dow Jones, mchenry Organizations: patrick
Police have said they tied the teens, who were 17 and 16 at the time, to at least three hit-and-run incidents the morning of Aug. 14. The Associated Press is not naming the teens because of their age at the time of the alleged crimes. Messages seeking comment that were left late Friday with the teens' attorneys, P. David Westbrook and Daniel Hill, were not immediately returned. The video, shot from the front passenger seat of an allegedly stolen vehicle, shows it approaching Probst from behind on an otherwise traffic-free road. Political Cartoons View All 1202 ImagesAlong with murder and residential burglary, the teens were indicted on charges of battery, attempted murder and residential burglary, and multiple counts of automobile grand larceny and possession of a stolen vehicle.
Persons: David Westbrook, Daniel Hill, Andreas “ Andy ” Probst, Probst, ___ Stern, Stern Organizations: Police, Associated Press, America Statehouse News Initiative, America Locations: RENO, Nev, Las, Bell, Los Angeles, Nevada
Company SP80 is trying to break the world record for the fastest sailboat. The fastest sailboat speed is currently 65.45 knots — SP80 is gunning for 80 knots, or 92 mph. The SP80 boat was displayed at this year's Monaco Yacht Show. AdvertisementAdvertisementWith its slender frame, white exterior, and extraterrestrial vibe, SP80 is looking to break the record for the world's fastest sailboat. The SP80 boat is 34 feet long, 25 feet wide, and weighs about 330 pounds, per the company's site .
Persons: SP80, gunning, , Laura Manon, Manon, Mayeul van den Broek, Xavier Lepercq, Benoit Gaudiot, Paul Larsen, Richard Millie, van den Broek, what's Organizations: Service, Lake, Monaco Locations: Monaco, Lake Geneva, France
How does a government shutdown affect the stock market? As far as directly affecting the stock market, however, it would be unusual for a government shutdown to be deeply detrimental. According to Evercore senior managing director Julian Emanuel, "the history of government shutdowns has been largely irrelevant for the stock market. It didn't in 1954 and it didn't in 2020, two 'tight government' years," Emanuel wrote. "But when stocks play politics like they are now and will be for another 13+ months, it does mean more volatility."
Persons: Goldman Sachs, Evercore, Jerome Powell, Julian Emanuel, shutdowns, Emanuel Organizations: Capitol, Wall, Federal Reserve, Fed, Representatives, White, Nvidia, Meta, Vertiv Holdings
Elon Musk leads the social media giant X from his iPhone, employees told the Financial Times. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The old timers advised X staffers that Musk didn't have the tolerance for people who said things just to sound smart. In November 2022, just weeks after Musk's takeover, it was reported that Musk's external advisors were referred to be some Twitter staff as "Elon's goons."
Persons: Elon Musk, doesn't, Musk, , — Tesla Organizations: Financial Times, Service, Twitter, SpaceX, The Boring Company, Tesla, Boring Company
REUTERS/Eric Gaillard Acquire Licensing RightsPARIS, Sept 22 (Reuters) - France's dominant services sector contracted at an even sharper pace in September, a monthly survey showed on Friday, as falls in demand and new orders weighed on the euro zone's second-biggest economy. The flash September manufacturing PMI number came in at 43.6 points - also much lower than the 46.0 points in August and way off a Reuters poll forecast of an unchanged level. The August composite flash PMI number comprising both the services and manufacturing sectors stood at 43.5 points, down from the final 46.0 August composite number and well below a Reuters poll forecast of 46.0. Business activity has fallen sharply in both the service and manufacturing sectors in September, mainly due to a slump in demand for French products and services. It is important to note however that this will be almost entirely driven by the public service sector," Liebke added.
Persons: Eric Gaillard, Norman Liebke, Liebke, Benoit Van Overstraeten, Toby Chopra Organizations: REUTERS, Rights, P Global, Commercial Bank, French National Bank, Thomson Locations: Nice, France
This aerial photo shows the Enping 15-1 oil platform 200 km southwest of Shenzhen, south China, May 31, 2023. Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and ahead of a steer from other central banks on their rate outlooks. U.S. West Texas Intermediate crude fell 49 cents, or 0.6%, to $89.17. Federal Reserve policymakers still see the central bank's benchmark overnight interest rate peaking this year in the 5.50% to 5.75% range, just a quarter of a percentage point above the current range. Energy markets had little reaction to U.S. energy data on Wednesday showing crude inventories fell in line with expectations last week.
Persons: Brent, refiners Organizations: . West Texas, U.S . Federal Reserve, Federal Reserve, Bank of England, Energy, U.S . Energy, Administration Locations: Shenzhen, China, Indonesia, Philippines, Taiwan
The teens, ages 18 and 16, appeared separately before a judge who scheduled each to appear again next Tuesday in Las Vegas Justice Court. The 16-year-old was arrested Tuesday on suspicion of murder and other charges after the video of the bicycle crash circulated widely on the internet. Probst’s widow, Crystal Probst, and daughter, Taylor Probst, were in court for Thursday's hearing but left immediately afterward without speaking with reporters. Male voices in the car can be heard laughing as the vehicle steers toward Probst and rams the bicycle. Wolfson declined to say Thursday whether police have the cellphone on which the video was allegedly recorded.
Persons: Andreas “ Andy ” Probst, , Steve Wolfson, Wolfson, David Westbrook, Rebecca Saxe, Probst’s, Crystal Probst, Taylor Probst, Probst Organizations: LAS VEGAS, Las Vegas Justice, Police, Associated Press, Hyundai, Toyota Corolla Locations: Las Vegas, Las, Los Angeles, Bell, ” Clark County, Nevada
While the trial marks the tech sector's first major anti-monopoly proceeding in decades, Google is squarely in the middle of its antitrust battles. What the trial is aboutA key focus of the trial will be on two kinds of agreements Google has made with other companies. "The cases have very compatible theories, and the core message from both is that Google's monopoly power has been abused, harming competition and hurting consumers," Weiser said. Walker wrote that the abundance of places where consumers can use online search shows that Google hasn't foreclosed competition. In addition to experts like economists, expect to see Google executives called to the stand, potentially including CEO Sundar Pichai.
Persons: Sundar Pichai, Jonathan Kanter, It's, it's, Google's, Microsoft's Bing, Phil Weiser, Weiser, Elijah McClain, Aaron Ontiveroz, Bing, Global Affairs Kent Walker, Walker, Rebecca Haw Allensworth, Bill Kovacic, Tim Cook, Joe Biden, Anna Moneymaker, Allensworth, conscientiously, What's, Google's Walker, Lee Hepner, Matt Schruers, Bard, OpenAI, Schruers Organizations: US Department of Justice, Getty, Department of Justice, Microsoft, DOJ, Google, of, Apple, Microsoft's, CNBC, Aurora, MediaNews, Denver, Global Affairs, Insider Intelligence, Amazon, Vanderbilt Law School, George Washington University Law School, FTC, White House, Mozilla, American Economic Liberties, Computer & Communications Industry Association Locations: U.S, Europe, Eastern, of Virginia, Colorado, Washington , DC
Priscilla is also 14, a fact the film doesn’t shy away from. That aesthetic choice smartly steers “Priscilla” away from Luhrmann’s movie (which was much more interested in Elvis the performer) and further grounds the film in Priscilla’s perspective. The movie may also lack big musical scenes because Presley’s estate was unwilling to support the film or authorize the use of his songbook. Luhrmann’s hagiography was estate-approved and portrayed the singer as the innocent pawn of his craven manager, Col. Tom Parker. “Priscilla” shows how manipulative Elvis himself could be.
Persons: Priscilla, Elvis murmurs, , Nancy Sinatra, Ann, Margret, “ Marie Antoinette, Elvis, sensitively, Cailee Spaeny, Jacob Elordi, Austin Butler’s, lister, Elordi acquits, Coppola isn’t, Elvis midsong, he’s, Priscilla ”, I’m, craven, Tom Parker, “ Priscilla ”, wouldn’t Locations: Germany, Graceland,
And you thought Barbie’s creation myth was head-spinning! “Poor Things,” which premiered at the Venice Film Festival on Friday, often plays like a wild, art-house remix of Greta Gerwig’s blockbuster doll opus. But this is no family film: As baby-brained Bella starts to come of age, her lack of inhibitions steers her toward sexual situations that had the Venice moviegoer next to me squirming in his seat. Quite literally a child in a woman’s body, Bella can barely string words together and is given to shocking outbursts. Even gaining control of her limbs is a challenge: Bella lurches through Baxter’s mansion like a zombie dressed in drag, which I suppose she kind of is.
Persons: Billie Eilish, “ Barbie, Bella Baxter, , , Emma Stone, Yorgos Lanthimos, she’s, Willem Dafoe, Greta Gerwig’s, brained Bella, Alasdair Gray, Tony McNamara, Bella, Dafoe’s Dr, Godwin Baxter, McCandles, Ramy Youssef, Bella lurches Locations: Venice
Splunk is now in the position to deliver "mid-teens" increases in annual revenue after a management overhaul that began 18 months ago, according to Jefferies. "Splunk's growth prospects and addressable market are vast, particularly in the enterprise segment of the market that it addresses," Thill wrote in a note Tuesday. "With these transitions now largely over and a new mgmt team in place, the financial model is now more straightforward," Thill wrote. "The focus at SPLK has noticeably shifted in the last year towards profitable growth while exercising disciplined expense management," Thill said. "As top-line growth stabilizes at scale, we believe the larger opportunity for Splunk lies in improving operational efficiencies and profitability," Thill wrote.
Persons: Splunk, Brent Thill, Jefferies, Thill, Gary Steele, Steele, — CNBC's Michael Bloom Organizations: Jefferies Locations: Splunk
That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. "This puts us in a bleak setting, thinking about the parts of the world that are labor rich but capital poor," he said. "I do remember a time, maybe a more naive time...when more trade would create friends," said Ben Broadbent, deputy governor of the Bank of England. If there was a potential bright spot, it was around the discussion of advances in artificial intelligence as a possible driver of higher productivity. Reporting by Howard Schneider; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: JACKSON, Pierre, Olivier Gourinchas, Gourinchas, Maurice Obstfeld, Barry Eichengreen, Eswar Prasad, Donald Trump, Biden, Jared Bernstein, Bernstein, Ben Broadbent, Ngozi Okonjo, Iweala, Trump, Nela Richardson, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Kansas City Federal Reserve, U.S, Monetary Fund, Fed, Peterson Institute for International Economics, International Monetary Fund, University of California, Cornell University, U.S . White House Council, Economic, Biden, Bank of England, Trade Organization, Thomson Locations: , Wyoming, Ukraine, China, West, Washington . China, U.S, Berkeley, Japan, Nigeria, Russian, Europe
And with China's post-COVID recovery running into the ground and suffering a deepening real estate bust, western investment curbs throw more sand in the wheels. A question now is whether a retreat of western money from emerging markets at least partly explains both their recent underperformance and that of western government bonds, in which emerging central banks and sovereign funds are heavily invested. The picture has not been much better in aggregate emerging bond indices, even if they have done marginally better than developed world counterparts, and worries over emerging high-yield and property linked bonds are rising. Have global investors high-tailed it from emerging markets already? If western money grows more wary and is increasingly warned off China and other selective emerging investments, will there be a mutual pullback of official emerging money from western bond markets?
Persons: Aly, Joe Biden, Morgan, Biden, crumb, Mike Dolan, Richard Chang Organizations: REUTERS, U.S, U.S ., Bank of, Institute for International Finance, Treasury, Reuters, Twitter, Thomson Locations: Shanghai, Shenzhen, China, Ukraine, Washington, Russia, United States, Beijing, Moscow, Taiwan, Brazil, India, South Africa, Hong Kong, Saudi Arabia, South Korea
CNN —The new all-electric Cadillac Escalade IQ shares virtually nothing with the boxy gas-powered Escalade, but it’s possibly the most important flag-bearer yet for the automaker’s transition to electric vehicles. So the new Escalade IQ has flashy light displays and electric motors able to produce a total of 750 horsepower. CadillacWhen it goes on sale next year, the Escalade IQ will be one of Cadillac’s most expensive models. Prices for the gas-powered Cadillac Escalade start at about $81,000, with the average one sold last year going for about $109,000 according to Edmunds.com. GM claims that the Cadillac Escalade IQ is the most aerodynamic large SUV the company has ever produced.
Persons: John Roth GM’s, Cadillac, , it’s, Mandi Damman Organizations: CNN, General Motors, GM, EV, Silverado EV, GMC, Hummer, Chevrolet Silverado, Insurance Institute for Highway Safety, Cadillac, GM’s Locations: Detroit, Hamtramck , Michigan
"Again, another day of what dreams are made of," James said as she left the field. However, after a VAR review Lucy Bronze was found to be offside in the build-up, and the goal was chalked off. "Yeah, I was disappointed in the moment obviously, but that's football for you, and in the moment I just had to refocus for the game to continue," James told a press conference. True to form, England coach Sarina Wiegman gently steered the discussion away from James' individual brilliance and back to the collective performance. "I think you could see it from the whole team, that we were enjoying ourselves, you could tell that we were really connected," Wiegman told reporters.
Persons: England's Lauren James, James, Alessia Russo, Lauren Hemp, Lucy Bronze, Chloe Kelly, Sarina Wiegman, Wiegman, LJ, Adam Millington, Philip O'Connor, Christian Radnedge Organizations: ADELAIDE, China, England's, Thomson Locations: Nigeria, Brisbane, England
So-called preferred securities, which are one of the riskiest forms of debt but also have some characteristics of stocks, are popular among banks as a way to boost their capital for regulatory purposes. More than $160 billion of preferreds were issued in 2020 and 2021 each, when rates were low. Volume dropped last year to $70 billion as the U.S. Federal Reserve embarked on an interest rate hiking cycle. When Wells Fargo & Co (WFC.N) issued a new public preferred security earlier this month, investor demand far outweighed supply. The $1.725 billion deal received orders of over $6 billion, bringing total issuance for the year to $37 billion.
Persons: preferreds, Wells, , Daniel Botoff, Allie Quine, Cohen, Steers, Quine, WELLS, Wells Fargo, RBC's Botoff, Shankar Ramakrishnan, Paritosh Bansal, Matthew Lewis Organizations: U.S . Federal Reserve, Credit Suisse, UBS Group, Wells Fargo & Co, Treasury, RBC Capital Markets, Informa Global, Thomson Locations: U.S, preferreds, New York
July 25 (Reuters) - The U.S. Federal Trade Commission (FTC) is finalizing its long-awaited antitrust lawsuit against Amazon (AMZN.O) in a move that could ultimately break up parts of the company, Politico reported on Tuesday. The complaint could focus on challenges to Amazon Prime, Amazon rules that the FTC says block lower prices on competing websites, and policies it believes force merchants to use Amazon's logistics and advertising services, the report said. Politico did not mention the exact details of the final lawsuit, but said personnel throughout the agency, including FTC Chair Lina Khan, have homed in on several of Amazon's business practices. The FTC declined to comment and Amazon did not immediately respond to Reuters requests for comment. Last month, the FTC accused Amazon of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel.
Persons: Andy Jassy, Jeff Bezos, Lina Khan, Shivani Tanna, Arun Koyyur, Subhranshu Organizations: U.S . Federal Trade Commission, Amazon, Politico, Amazon Prime, FTC, Thomson Locations: Bengaluru
July 25 (Reuters) - The U.S. economy may ultimately skirt a recession, but it's felt like one for months at Jon Ferrando's 103 RV dealerships. "Our industry has always been a little challenged on forecasting around demand," said Jason Lippert, CEO of LCI Industries, a large supplier of parts to the RV industry that is also based in Elkhart. "If I was just looking at RV data, I would be screaming recession," said Michael Hicks, an economics professor at Ball State University in Indiana who tracks the industry, adding that pullbacks in RV shipments have signaled every U.S. recession since 1981. "We expect in the second half of this year shipments (of RVs) will start to increase again," Geraci said. Gregg Fore, an RV industry consultant who previously ran an RV parts supplier, said half the new inventory at some dealers he works with are 2022 models.
Persons: it's, Jon Ferrando's, Ferrando, Michael Happe, Eden, Jason Lippert, Michael Hicks, RVIA, Monika Geraci, Geraci, Gregg Fore, Tyler Hermon, Timothy Aeppel, Dan Burns, Paul Simao Organizations: Winnebago Industries, Federal Reserve, RV Industry Association, Thor Industries, LCI Industries, Ball State University, Dealers, Thomson Locations: U.S, Fort Lauderdale , Florida, RVs, United States, Elkhart , Indiana, Eden Prairie , Minnesota, Elkhart, Indiana, North America, RVing
CLIMBING CAPACITYA major driver behind Europe's broad gains in solar generation has been the steep increases seen in capacity additions throughout the continent. Europe installed solar capacity in key European marketsThe Netherlands lifted installed solar capacity by a record 51.5% in 2022, and overtook Spain as the region's third-largest solar capacity nation, while number four nation Spain increased solar capacity by just over 28%. FULFILLING POTENTIALWhile installed solar capacity is a critical first step in ensuring increased solar power generation in any country, a nation's theoretical solar generation potential is another vital factor that determines overall solar output. Turkey (4.32 kWh/kWp), Greece (4.14) and Italy (3.99) all also ranked relatively high on the solar potential table. Such significantly lower solar potential scores indicate far lower efficiency levels at solar production sites compared with those located further south in locations such as Spain and Greece.
Persons: Ember, Gavin Maguire, David Holmes Organizations: The World Bank, Reuters, Thomson Locations: Europe, Spain, Germany, France, Italy, Netherlands, Turkey, Greece
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