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Pollard gamble pays off for South Africa
  + stars: | 2023-10-21 | by ( Mark Gleeson | ) www.reuters.com   time to read: +2 min
PARIS, Oct 21 (Reuters) - An injury to hooker Malcolm Marx early in the Rugby World Cup threatened a major blow to South Africa’s hopes of retaining the title but the opportunity to call up Handre Pollard was a gamble that paid off handsomely in Saturday’s semi-final. Pollard, who kicked South Africa to the title at the last World Cup in Japan, was left out of the original 33-man squad after failing to prove his fitness. "We needed some energy and that's why we decided to bring on the bench early," the Springbok coach said. When South Africa won a scrum penalty two metres inside the England half with two minutes to go, the stage was set for Pollard. "Firstly the scrum penalty, that is what got us the opportunity," said Pollard.
Persons: Malcolm Marx, Africa’s, Handre Pollard, Pollard, Libbok, Jacques Nienaber, Siya Kolisi, ” Kolisi, It’s, Ed Osmond Organizations: Rugby, Springboks, New Zealand, Stade de France, Tonga, France, Springbok, South Africa, England, Leicester, Thomson Locations: Saturday’s, England, South Africa, Japan, Yokohama, France
Fed doves, Fed hawks: US central bankers in their own words
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +2 min
The following chart offers a stab at how officials stack up on their outlook for Fed policy and how to balance their goals of stable prices and full employment. Note: Fed policymakers began raising interest rates in March 2022 to bring down high inflation. Their most recent policy rate hike, to a range of 5.25%-5.5%, was in July. Neither Jeff Schmid, Kansas City Fed's president since August and a voter in 2025, nor Adriana Kugler, a permanent voter who was confirmed to the Fed Board in September, have yet made any substantive policy remarks. The St. Louis Fed has begun a search to succeed president, James Bullard, who took a job in academia; the new chief will be a 2025 voter.
Persons: Jeff Schmid, Adriana Kugler, Louis Fed, James Bullard, Ann Saphir, Andrea Ricci Organizations: Federal, Federal Open Market, New York Fed, Jeff Schmid , Kansas City Fed's, Fed, Thomson Locations: Jeff Schmid , Kansas, St
But that programme failed to put South America's second-largest economy back on its feet. Even if he wins the Oct. 22 election and takes power in December, Milei would need alliances in Congress to push through reforms and a new IMF programme - Argentina's 23rd. That effort paved the way for the $57 billion programme, which ultimately failed and was replaced by the current one. Reuters Graphics Reuters GraphicsPREFERENTIAL TREATMENTThe current programme could end before its expiration in September 2024, but Argentina will still require funds. Without mentioning Argentina, the U.S. - holding the largest voting power in the Fund - recently raised its concerns.
Persons: Javier Milei, Agustin Marcarian, Mauricio Macri's, Mark Sobel, Milei, Sobel, Sergio Massa, Martin Muehleisen, Muehleisen, Nestor Kirchner, Stephen Nelson, Nelson, Walter Stoeppelwerth, Simon Quijano, Evans, Gemcorp Capital, Jay Shambaugh, Jorgelina, Karin Strohecker, Paul Simao Organizations: Argentine, La Libertad Avanza, REUTERS, IMF, International Monetary Fund, South, Peronist, Analysts, Graphics, Review Department, U.S ., Northwestern University, Reuters Graphics Reuters, Gletir SA, Gemcorp, Thomson Locations: La Plata, Buenos Aires, Argentina, Washington, U.S, Chicago, Zambia, Sri Lanka, Ghana, Egypt, Burundi, Saharan Africa, Rosario
Fed doves, Fed hawks: US central bankers in their words
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +2 min
The following graphic offers a stab at how officials stack up on their outlook for Fed policy and how to balance their goals of stable prices and full employment. Note: Fed policymakers have been driving up borrowing costs since March 2022 to bring down high inflation, and in July they increased the target policy rate range to 5.25%-5.5%. Longtime banker Jeff Schmid starts as Kansas City Fed president Aug. 21, and will be a voter in 2025. St. Louis Fed President James Bullard, a vocal policy hawk, left the Fed in July for a job in academia; the new chief will be a 2025 voter. Reporting by Ann Saphir, Howard Schneider, Michael S. Derby and Dan Burns; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeff Schmid, Louis, James Bullard, Ann Saphir, Howard Schneider, Michael S, Dan Burns, Marguerita Choy Organizations: Federal, Federal Open, New York Fed, Kansas City Fed, Louis Fed, Fed, Derby, Thomson Locations: Kansas, St
Fed doves, Fed hawks: a look at how U.S. central bankers fly
  + stars: | 2023-08-11 | by ( ) www.reuters.com   time to read: +2 min
The following graphic offers a stab at how officials stack up on their outlook for Fed policy and how to balance their goals of stable prices and full employment. Note: Fed policymakers have been driving up borrowing costs since March 2022 to bring down high inflation, and in July they increased the target policy rate range to 5.25%-5.5%. Longtime banker Jeff Schmid starts as Kansas City Fed president Aug. 21, and will be a voter in 2025. St. Louis Fed President James Bullard, a vocal policy hawk, left the Fed in July for a job in academia; the new chief will be a 2025 voter. Reporting Ann Saphir, Howard Schneider, Michael S. Derby and Dan Burns; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeff Schmid, Louis, James Bullard, Ann Saphir, Howard Schneider, Michael S, Dan Burns, Andrea Ricci Organizations: Federal Open, New York Fed, Kansas City Fed, Louis Fed, Fed, Derby, Thomson Locations: Kansas, St
Liverpool has made a £111 million ($141 million) bid for the midfielder, but whether the Ecuadorian international signs for the 2019 Premier League champion remains to be seen. Matthew Childs/Action Images/ReutersLiverpool head coach Jürgen Klopp confirmed in a press conference on Friday that the club had agreed a transfer fee with Brighton for Caicedo. The BBC reported the fee for the Brighton star is $141 million, which would break the British and Premier League transfer record. Andrew Powell/Liverpool FC/Getty ImagesAfter arriving at Brighton from Independiente del Valle for £4.5 million ($5.7 million), Ecuadorian midfielder Caicedo has impressed during his time in the Premier League. During the January transfer window Caicedo took to Instagram to plead for a move away.
Persons: Moisés Caicedo, Caicedo, Matthew Childs, Jürgen Klopp, Enzo Fernandez, Klopp, , Jordan Henderson, Fabinho, , Liverpool’s, Andrew Powell, Instagram, Moises, De Zerbi, “ I’m Organizations: CNN, The Premier League, Chelsea, Liverpool, Brighton, Hove Albion, Ecuadorian, League, Caicedo, BBC, Premier League, London, Benfica, Argentine, Sky Sports, Liverpool FC, Getty, Independiente del Valle, Arsenal, Manchester City, Burnley Locations: Ecuadorian, Caicedo, Brighton, Saudi Arabia, ” Brighton, Liverpool
The swashbuckling Spaniard got off to a nightmare start as Hurkacz jumped out to a 3-0 first set lead in just six minutes en route to capturing the first set. FOKINA TOPPLES RUUDEarlier, Alejandro Davidovich Fokina battled back from a third set deficit to beat Casper Ruud 7-6(4) 4-6 7-6(4) and deny the third seed a place in the Canadian Open quarter-finals. Ruud was two points away from victory at 5-3 30-0 before Davidovich Fokina served his way out of trouble. Ruud dug himself into an early hole in the breaker with some tentative serving and poor forehands and Davidovich Fokina claimed the win with a drop shot. Up next for Davidovich Fokina is American Mackenzie McDonald, who reached his first quarter-final of a Masters 1000 tournament by dispatching Canadian Milos Raonic 6-3 6-3.
Persons: Carlos Alcaraz, Hubert Hurkacz, Dan Hamilton, Hurkacz, Tommy Paul, Marcos Giron, Scot Andy Murray, Italy's, FOKINA TOPPLES RUUD, Alejandro Davidovich Fokina, Casper Ruud, Ruud, Davidovich Fokina, Fokina, Mackenzie McDonald, Milos Raonic, Raonic's, McDonald, FRITZ FIZZLES Australia's Alex De Minaur, Taylor Fritz, Fritz, De Minaur, Daniil Medvedev, Italy's Lorenzo Musetti, Medvedev, Rory Carroll, Ken Ferris Organizations: Sobeys, Wimbledon, Canadian, Thomson Locations: Toronto , Ontario, Canada, Toronto, Alcaraz, Marcos Giron ., Norwegian, Los Angeles
Women’s World Cup 2023: Live scores, fixtures, results, tables and top scorersCNN —England’s 1-0 win over Denmark at the Women’s World Cup on Friday was overshadowed by a serious-looking injury sustained by its star midfielder Keira Walsh who had to be stretchered off in the first half. Williamson, Mead and Walsh played major roles in England’s Euro 2022 title win. James and her teammates celebrates England's goal against Denmark. Knowing a win would secure its spot in the knockout phase of the tournament, Denmark ramped up the pressure on England’s goal, but was unable to find a way past Mary Earps. Initially China midfielder Zhang Rui was given a yellow card for a challenge on Sherly Jeudy.
Persons: CNN —, Keira Walsh, Lauren James, Walsh –, , Walsh, Leah Williamson, Beth Mead, Williamson, Mead, James, Justin Setterfield, Denmark ramped, Mary Earps, Amalie Vangsgaard’s, Earps, Sarina Wiegman, Wiegman, Banyana Banyana, Linda Motlhalo, Thembi Kgatlana, Kgatlana, Sophia Braun, Argentina's, Joe Allison, Núñez, Zhang Rui, Mondésir, – Melchie Dumornay, Wang Shuang, Dumornay, Zhu Yu, Maddie Meyer, Mathurin, Zhang Linyan, Wang Organizations: CNN, Denmark, BBC, , South, FIFA, Group, China, Lyon Locations: Barcelona, England, Denmark, China, ” Argentina, Africa Argentina, South Africa, Dunedin , New Zealand, Argentina, Africa, Sweden, Italy, South, Haiti, Adelaide
Opinion | The Moment of Truth for Our Liar in Chief
  + stars: | 2023-07-22 | by ( Maureen Dowd | ) www.nytimes.com   time to read: 1 min
WASHINGTON — A man is running to run the government he tried to overthrow while he was running it, even as he is running to stay ahead of the law. That sounds loony, except in the topsy-turvy world of Donald Trump, where it has a grotesque logic. The question now is: Has Trump finally run out of time, thanks to Jack Smith, who runs marathons as an Ironman triathlete? It was the flamboyant flimflam man vs. the buttoned-down, buttoned-up boy scout. Mueller, who had been a decorated Marine in Vietnam, was such a straight arrow that he never even deviated to wear a blue shirt when he ran the F.B.I.
Persons: WASHINGTON, Donald Trump, Jack Smith, Smith, Robert Mueller, Mueller Organizations: Trump Locations: Russia, Vietnam
Wells Fargo is staying bullish on JPMorgan ahead of its earnings report premarket Friday — even as the stock keeps rising. Analyst Mike Mayo kept his overweight rating on the Jamie Dimon-led bank, calling it his top pick in the group. Wall Street's consensus estimate for 2023 earnings have increased by 13% since the start of the year, while peers have seen theirs fall by an average of 15%, Mayo said. "JPM exemplifies our 'Goliath is Winning' theme," Mayo said in a note to clients on Wednesday. And Mayo said the bank has shown greater resiliency given rising interest rates, the possibility of a recession and increased government regulation.
Persons: Wells, Mike Mayo, Jamie Dimon, Wells Fargo's, Mayo, JPM, JPMorgan's, Michael Bloom Organizations: JPMorgan, Citigroup Locations: Wednesday's, Republic
However, it was 24-year-old Vondrousova who secured the crucial break at 4-4 when a baseline rally ended with Pegula sending a backhand long. The twists and turns kept coming, though, as Pegula began finding her range in the second set. In the decider, momentum looked to be staying with the 29-year-old Pegula as she saved three break points in the first three games and then broke Vondrousova by forcing her long. I just wanted to stay as long as I could and fought until the end and I'm just so happy. For Pegula, it was another quarter-final heartbreak, having never gone beyond the last eight at a Grand Slam.
Persons: Marketa Vondrousova, Jessica Pegula, Hannah Mckay LONDON, Ukraine's Elina Svitolina, Pegula, Vondrousova, Vondrousva, Zheng Jie, Barbora, Christian Radnedge, Ken Ferris Organizations: Lawn Tennis, Croquet Club, U.S, REUTERS, Wimbledon, Thomson Locations: London, Britain, Czech, Poland
Greta Gerwig’s ‘Barbie’ Dream Job
  + stars: | 2023-07-11 | by ( Willa Paskin | ) www.nytimes.com   time to read: +3 min
Someone more cynical than Gerwig might have been less moved by Mattel’s corporate epiphany, 60 years into existence, that Barbie could sustain being a size 6, but cynicism is clearly not Gerwig’s way. The movie sidesteps whatever role Barbie might play in perpetuating a narrow, idealized femininity; instead it gives this particular Barbie a crash course in modern misogyny. After decades of fretting about girls’ wanting to be as perfect as Barbie, Gerwig serves up a Barbie struggling to be as resilient as us. This woman is played by the 91-year-old, Oscar-winning costume designer Ann Roth, a friend of Gerwig’s. If I don’t have that scene, I don’t know what it is or what I’ve done.”
Persons: Barbie, , , Gerwig, Ruth Handler, Rhea Perlman, Ariana Greenblatt, Ann Roth, Gerwig’s, , , ” Gerwig Organizations: Mattel Locations: Barbieland, Los Angeles
ORLANDO, Florida, June 30 (Reuters) - Britain has an inflation problem, but imagine how much worse it would be were it not for the strong pound? But of all the factors pushing up UK inflation, including some that are unique to Britain's economy, labor market and cost of doing business as a consequence of Brexit, a weak exchange rate is not one of them. Indeed, sterling's value on a real effective exchange rate (REER) basis is the highest it has been since the Brexit vote. "UK inflation would indeed be even higher if sterling had not appreciated," Novy said. All else being equal, and taking into account the notorious 'long and variable' lag between interest rate hikes and cooling price pressures, UK inflation could come down pretty quickly next year.
Persons: Liz Truss's, Dennis Novy, Novy, BoE, turvy, Alan Ruskin, Ruskin, Goldman Sachs, Jamie McGeever, Jonathan Oatis Organizations: Bank of England, Reuters, University of Warwick, Brexit, Deutsche Bank, Thomson Locations: ORLANDO, Florida, Britain, Ukraine
Since Nigeria scrapped a state fuel subsidy on May 31, black market fuel vendors and commercial drivers in Cameroon, Benin and Togo who were heavily reliant on petrol smuggled from Nigeria have seen their businesses collapse. With supplies dwindling, queues have been forming at official petrol stations, where fuel is now competitively priced. "Supply has become scarce and customers think we're ripping them off with this high price, yet it's from Nigeria that prices have soared," said Perevet Dieudonne, a black market seller. The trade in black market fuel is so central to the local economy that authorities either turn a blind eye or are complicit. At Hilacondji, a border crossing between Togo and Benin, some black market fuel stalls were shut, while at others vendors waited among rows of empty plastic jerricans for potential deliveries.
Persons: Danga, turvy, Perevet Dieudonne, Ousmanou Mal Djoulde, Ayi Hilla, Alice Lawson, Pulcherie, Amindeh Blaise Atabong, Elisha Bala, MacDonald Dzirutwe, Estelle Shirbon, Bate Felix, Elaine Hardcastle Organizations: REUTERS, CFA, Reuters, Dangote Petroleum, United Nations, Thomson Locations: Garoua, Cameroon, GAROUA, West, Nigeria, Benin, Togo, Nigerian, West Africa, Dangote, Hilacondji, Africa, Cotonou, Pulcherie Adjoha
This morning we have stories on Ray Dalio, the topsy-turvy housing market, troubled commercial real estate, and more. Ray Dalio said India presents the next big investment opportunity. Troubled assets in the sector just reached $64 billion, climbing 10% in the first quarter of the year. The housing market suggests that the US economy dodged the recession bullet. According to Carson Group, recent strength in housing starts and building permits indicates that construction groups are confident about demand.
Persons: I'm Phil Rosen, Ray Dalio, topsy, Buckle, Eoin Noonan, it's, There's, Warren Buffett, Melinda Gates, Fundstrat's Tom Lee, Phil Rosen, Jason Ma, Nathan Rennolds Organizations: Getty, Berkshire Hathaway, Melinda Gates Foundation, Carson Group, Manheim, Homeowners, Bank of America Locations: India, China, Russia, Ukraine, New York, Los Angeles, London
CNN —A climate activist in New Zealand faces 10 years in jail after a court found her guilty of forgery for sending a fake letter to the speakers at an oil industry conference, telling them it had been postponed due to the climate crisis. She had been protesting outside oil conferences for years, but the 2019 PEPANZ conference was taking place in quite a small town and she was concerned few activists would be able to attend, she told CNN. Five days before the conference, she sent the letter by email, purporting to be from oil industry organizers canceling the event until further notice. PEPANZ organizers told speakers that the letter was fake and the conference went ahead. Three years later, after a trial in the Dunedin District Court, Penwarden was found guilty on Wednesday of two charges of creating and using a forged document.
Persons: Rosemary Penwarden, , , Penwarden, ” Penwarden, “ I’m, Niamh O’Flynn, Rosemary, ” O’Flynn Organizations: CNN, Petroleum Exploration, Production Association of New, Greenpeace, Energy Resources Aotearoa Locations: New Zealand, Dunedin, Production Association of New Zealand, Court
In the topsy-turvy world of 2024 Republican politics, rivals of Donald J. Trump had been bracing for weeks for his second indictment with more dread than any sense of opportunity. They snap to Mr. Trump’s defense, no matter how outrageous the charges are or who is making them — Democrats, the news media, local prosecutors or, now, federal ones. Donations surged after Mr. Trump’s first indictment in Manhattan. Even prominent Republicans eager for the party to cast aside Mr. Trump in 2024 were concerned ahead of the indictment. They have long been exasperated by the immunity of Mr. Trump’s base to almost any attack or argument, swarming to neutralize any perceived political threat almost by habit.
Persons: Donald J, Trump, Trump’s, Chris Sununu Organizations: Republican Locations: Manhattan, New Hampshire
Could the Fed raise rates again in June?
  + stars: | 2023-05-21 | by ( Krystal Hur | ) edition.cnn.com   time to read: +7 min
Traders saw a roughly 36% chance last Thursday that the Fed will raise rates by another quarter point in June, up from around 15.5% on May 12, according to the CME FedWatch Tool. Traders pared down their expectations to about a 18.6% chance that the central bank will raise rates next month, as of Friday evening. Experts seem to agree that the Fed is unlikely to raise rates again in June. Jim Baird, chief investment officer at Plante Moran Financial Advisors, also expects the Fed to hold rates steady in June. Dimon said in the same Bloomberg interview that he’d “love to get rid of the debt ceiling thing” altogether.
CNN —Ukrainian tennis player Anhelina Kalinina refused to shake hands with Veronika Kudermetova, her Russian opponent, following the former’s victory in the semifinals of the Rome Masters in Italy on Friday. Speaking to reporters after the match at Foro Italico, Rome, Kalinina said, “We didn’t shake hands because the girl is from Russia basically. It’s no secret why I didn’t shake, because this country actually attacks Ukraine. We are here to play tennis.”Veronika Kudermetova began the tournament as the world No.12. Antonietta Baldassarre/Insidefoto/LightRocket/Getty ImagesKalinina denied the idea that her opponent’s nationality influenced the topsy-turvy nature of the match, describing Kudermetova as “a top player, a very great player.
This is the same Nina Gold who’s made a successful career casting some of the defining films and TV shows of this century. “I still don’t really understand what it is that makes acting good,” she says. For “Bad Sisters’” smarmy, abusive antagonist John Paul, Gold cast Claes Bang. For Gold and her team – rising to six people, depending on projects – it’s a lot of logistics and audition tapes. Gold cast Taylor-Johnson in his breakout role as John Lennon in “Nowhere Boy” (2009) at age 18-20, she guesses, but had been auditioning him since about the age of nine.
In late 2020, some 300 Wells Fargo employees were summoned to a conference call. "I actually welcomed that, although I did like Abbot Downing," he said of folding Abbot Downing into the private bank. One team of legacy Abbot Downing employees with $3.5 billion in assets left for Hirtle Callaghan in June 2021. Today, Ginter runs a registered investment advisor called Callan Family Office, which some former Abbot Downing employees refer to as "the new Abbot Downing." Are you a current or former client of Wells Fargo Private Bank or Abbot Downing?
Stock Chart Icon Stock chart icon Nvidia's stock performance year to date. Stock Chart Icon Stock chart icon Meta's stock performance year to date. Stock Chart Icon Stock chart icon Devon Energy's stock performance year to date. Stock Chart Icon Stock chart icon Johnson & Johnson's stock performance year to date. Stock Chart Icon Stock chart icon Honeywell's year to date stock performance.
Regulators shuttered Silicon Valley Bank (SVB) and Signature Bank, the second and third largest closures in the nation's history. Authorities then took unprecedented action to backstop the collapsed companies' deposits and introduced new measures to shore up confidence. The ups and downs may have helped banks' trading desks as choppy markets fueled client activity. While billions of dollars of those deposits landed at the biggest banks, some analysts said the influx was unlikely to provide a major boost to their earnings. Investors are becoming increasingly focused on the rising cost of funding for banks, which could weigh on earnings, analysts at Piper Sandler wrote in a note last week.
CD rates have been rising rapidly over the past year, thanks to the Federal Reserve’s efforts to fight inflation. And there’s potentially a bigger issue at play: Regardless of where you stick your cash, interest rates’ odd behavior suggests the economy may be out of whack. CD rates have climbed dramatically since the Federal Reserve embarked on its campaign to fight inflation, which peaked at nearly 10% late last year. But the Fed faces a conundrum: Hiking interest rates to fight inflation also slows economic growth. Short term rates remain high, while longer term rates—reflecting grim economic prospects in years to come—fall off.
REUTERS/Brendan McDermidORLANDO, Fla., March 5 (Reuters) - Hedge funds entered February holding their biggest ever short position in two-year U.S. Treasuries futures. As of Feb. 7, funds' net short position in two-year Treasury futures stood at a record 658,802 contracts, up by more than 80,000 contracts from the week before. chartA short position is essentially a wager that an asset's price will fall, and a long position is a bet it will rise. FLIP-FLOP ON FEDThe two-year yield last week reached 4.95%, the highest since July 2007. They see the two-year yield falling to 3.55% in the third quarter and 3.15% by the end of this year.
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