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☆ Analysis: Putin banks on wavering support for Ukraine, amid a race against time
▼ + stars: | 2023-10-08 | by ( Nathan Hodge | ) edition.cnn.com time to read: +8 min

Last week, President Joe Biden signed into law a stopgap bill to avert a government shutdown, but funding for Ukraine was a casualty of the brinksmanship on Capitol Hill. The Biden administration emphasizes that that the American public’s support for Ukraine remains strong. Ukrainian President Volodymyr Zelensky walks down the White House colonnade to the Oval Office with President Joe Biden during a visit to the White House in Washington, DC, on September 21. In his remarks at Valdai, he clearly implied that Russia intends to outlast the West over Ukraine. Paraphrasing Putin, Mylovanov said that the Kremlin believes that “Ukraine will have one week left to LIVE once Western supplies are over.

Persons: Donald Trump, he’d, Vladimir Putin, Putin, ”, “, Joe Biden, Biden, Kevin McCarthy, Volodymyr Zelensky, Kevin Lamarque, —, Robert Fico, Fico, Ukraine —, Wolfgang Schwan, Rob Bauer, brazenly, Tymofiy Mylovanov, Putin’s Valdai, Mylovanov, Wagner Organizations: CNN, Kremlin, Ukraine, Capitol, White, Pentagon, of, Republican, Trump, European Union, NATO, Russia, Anadolu Agency, Warsaw Security, Royal Netherlands Navy, Committee, Kyiv School of Economics Locations: Ukraine, Ukrainian, Washington, Washington ,, United States, Europe, Slovakia, EU, Russian, Bakhmut, Russia, Siberia, Eastern Siberia, Valdai, West, Brussels, Hroza, Kharkiv, Ukraine’s

Other unions are digging in as well. The Writers Guild of America is in the fourth month of its strike against major Hollywood studios, while the actors’ union, known as SAG-AFTRA, is in its second. A Gallup poll published in August found that 67 percent of Americans approve of unions, the fifth straight year such support has exceeded the long-term polling average of 62 percent. Time is running out for Congress to reach a compromise to keep the government running past Oct. 1. The confab is part of an effort to lay groundwork for a meeting between President Biden and President Xi Jinping in San Francisco in November.

Persons: Drew Barrymore, Biden, Donald Trump, Kevin McCarthy, Jake Sullivan, Wang Yi, Xi Jinping Organizations: Guild of America, Hollywood, SAG, Labor Department, Gallup, Republican, Biden, U.S Locations: U.S, California, Malta, Ukraine, Taiwan, San Francisco

☆ How the ultra-wealthy infiltrated anti-capitalist Burning Man
▼ + stars: | 2023-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Burning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy, free-spirited revelry that it once was. For many watching the disarray of Burning Man from afar, the rain and mud that left 70,000 people stranded quickly became a symbol of the festival’s departure from its roots. Or, more simply: how the billionaires ruined Burning Man. Going to Burning Man is, in some elite circles, akin to having climbed Everest or taken ayahuasca on a meditation retreat — a spiritually transformative experience, undertaken with a considerable safety net of privilege. “Burning Man is the perfect example of how many rich White people recreationally manufacture hardship because they are immune from it systematically,” wrote one user on X, formerly Twitter, this weekend.

Persons: isn’t, Elon Musk, Recode, ” Mark Zuckerberg, Dustin Moskovitz, Elizabeth Holmes, ”, Andrew Hyde, Holly Yan Organizations: New, New York CNN, Facebook, New York Times, New York Post, CNN Locations: New York, San Francisco, There’s

☆ Take Five: A September to remember?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. 1/ SCARY SEPTEMBERNow the Federal Reserve's Jackson Hole confab is over, investors are strapping in for a potentially volatile month. Reuters Graphics2/ THE SICK MAN OF EUROPEGermany looks likely to be the only major economy to contract this year. No wonder the region's economic powerhouse is once again being called the sick man of Europe. But economists are sceptical, noting that at just 0.2% of GDP, the package is no game-changer and that the sick man will need more medicine.

Persons: Brendan McDermid, Ira Iosebashvili, Kevin Buckland, Dhara Ranasinghe, Libby George, Naomi Rovnick, Jackson, Jerome Powell, Olaf Scholz, Xi Jinping, Philip Lowe, Michele Bullock, BoE, Amanda Cooper, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Federal, Reuters, ECB, Germany's, Reserve Bank of Australia, Traders, Bank of, British Retail Consortium, Reuters Graphics, Thomson Locations: New York City, U.S, Ira, New York, Tokyo, London, Germany, Europe, Pakistan, Sri Lanka, Ghana, Zambia, Delhi, China, Bullock, Bank of England, Halifax

Stocks - which have wobbled in August as rising bond yields threatened to dull the allure of equities - were little changed with the S&P 500 up 0.22%. REVIVING RECESSION WORRIESSome investors were worried that higher rates could weigh on growth and increase the chances of a recession next year. Such a scenario, in theory, would force the Fed to cut rates, pulling bond yields lower. But while risks remained that long-term bond yields could move higher, he was looking to extend the duration of his portfolio. Reporting by Davide Barbuscia and David Randall; Editing by Ira Iosebashvili and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, John Williams, Ann Saphir, Powell, ”, Cindy Beaulieu, Jackson, “ Powell, Anders Persson, Mike Sewell, Rowe Price, Josh Emanuel, Davide Barbuscia, David Randall, Ira Iosebashvili, Andrea Ricci Organizations: New York Fed, Kansas, Fed, REUTERS, Kansas City, Financial, Treasury, Investors, Futures, Thomson Locations: Jackson Hole , Wyoming, U.S

☆ Take Five: Farewell to a bruising August
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. Other data such as consumer confidence, the state of manufacturing, and inflation, with the latest personal consumption expenditures index is also due. Line chart with data from Refinitiv Datstreamn shows U.S. unemployment rate and federal funds target rate from January 2021 to July 2023. Yet Thursday's flash euro area August inflation number, which follows releases from some member states, could be the decider. The world's most populous country is already concerned about the threat to production of several basic commodities, including rice and sugar.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Nigel Hunt, Dhara, payrolls, Bundesbank, buybacks, Xi Jinping, Karin Strohecker, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, ECB, Reuters, Nino, Climate, Thomson Locations: New York City, U.S, China, Lewis, New York, Tokyo, Amsterdam, London, Jackson Hole , Wyoming, Indonesia, Thailand

☆ Morning Bid: Move over bond selloff, it's Nvidia time
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +3 min

Today, though, yields have finally taken a breather, just in time for Nvidia (NVDA.O) earnings to take the spotlight. The chip designer at the centre of global AI euphoria releases financial results and forecasts following today's closing bell. Reuters GraphicsBack in the world of bonds, the 10-year Treasury yield continued its retreat from yesterday's peak of 4.366% in Asia time, slipping below 4.3%. It's a welcome respite from the steep bond selloff that had pushed yields up as much as 57 basis points in a month. A 20-year Treasury auction later today will provide a test of demand for yields at such elevated levels.

Persons: Kevin Buckland, Jackson, Thomas Barkin, Jerome Powell, confab, Edmund Klamann Organizations: Silicon Valley Bank, Credit Suisse, REUTERS, Staff, Nvidia, Reuters, Treasury, People's Bank of China, Bank of, Richmond Fed, Thomson Locations: Frankfurt, Silicon, Germany, Asia, Bank of Japan, U.S, Britain, France

☆ Take Five: Summer at Jackson Hole
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Jason Reed Acquire Licensing RightsLONDON, Aug 16 (Reuters) - It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. U.S. Federal Reserve officials (plus friends from the ECB, BoE and BOJ) descend on Jackson Hole, Wyoming on Aug. 24-26 for their annual central bank confab. Inflation remains sticky in places and investors want to know how long it will take for central banks to switch to easing. European PMIs could provide a bigger signal on whether the European Central Bank will hike again in September and if the Bank of England opts for a big rate increase. Turkey's central bank is poised to raise rates on Thursday for the third time in a row since Hafize Gaye Erkan was appointed as governor in early June.

Persons: Jason Reed, Ira Iosebashvili, Li Gu, Yoruk, Rosario, Marc Jones, Rachel Savage, BoE, Jackson, Vladimir Putin, Hafize Gaye Erkan, Erkan, Tayyip Erdogan, Dhara Ranasinghe, Stephen Coates Organizations: U.S . Federal, REUTERS, U.S . Federal Reserve, ECB, Nvidia, CARE, HK, China, European Central Bank, Bank of England, West, Reuters, Thomson Locations: Washington, U.S, Jackson Hole , Wyoming, China, Ira, New York, Shanghai, Amsterdam, Jorgelina, London, Johannesburg, confab, CHINA, Beijing, United States, European, Brazil, Russia, India, South Africa, Saudi Arabia, Argentina, Egypt, Turkey

☆ Gold rebounds from 5-month lows as U.S. dollar, yields retreat
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: +2 min

Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly retreated from highs, but bullion was set for its fourth consecutive weekly decline on concerns the Federal Reserve would keep interest rates higher for longer. Spot gold gained 0.2% to $1,892.02 per ounce by 0358 GMT, after touching its lowest since mid-March on Thursday. "The U.S. dollar has eased from recent highs and this has allowed gold to make a modest move higher. "The dollar will need to take a bearish turn at some point for gold to rediscover its mojo. Just how long gold will spend trading at sub $1,900 levels will depend on how long the dollar remains bolstered by high bond yields," Waterer added.

Persons: Tim Waterer, Waterer, Jerome Powell Organizations: U.S ., Federal Reserve, U.S, Treasury, Investors, SPDR, Trust, Metals, ANZ Locations: Moscow, Russia, Jackson Hole , Wyoming

☆ Bob Iger is supposed to save Disney. It’s not going according to plan
▼ + stars: | 2023-08-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“In some ways, the challenges are greater than I anticipated,” Iger told CNBC in a revealing interview last month. But under Iger 2.0, Disney has cultivated even more headaches for itself, including a morale crisis sparked by one surprisingly candid interview with CNBC on July 13. Naturally, the comments set off alarms within Disney General Entertainment Content, the division that operates Disney’s broadcast and cable networks. A few days after the Faber interview, Iger tried to smooth things over at an off-site meeting with senior managers. But Disney appears to be all-in on the boss, even though the sequel almost never lives up to the original.

Persons: Bob Iger, Dad ”, It’s, ” Iger, won’t, Mary Poppins, Iger, David Faber, Disney’s, David Paul Morris, Faber, CNN’s Oliver Darcy, can’t, Bob Chapek, Weeks, Chapek, Disney Organizations: New, New York CNN, Disney, CNBC, Hollywood, Rivals Comcast, Warner Bros ., Sun, ESPN, ABC, Disney Channel, Geographic, Allen & Co Media, Technology Conference, Bloomberg, Getty, Disney General Entertainment, Lucasfilm, Marvel Entertainment, Pixar Studios Locations: New York, Idaho, Sun Valley , Idaho

☆ Kristin Harmel Helped Build the Village That Sustained Her
▼ + stars: | 2023-06-22 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +1 min

In March 2020, Kristin Harmel was gearing up for the paperback publication of her 11th novel, “The Winemaker’s Wife.” Then the world came to a grinding halt (and many of us who aren’t married to a winemaker wished we were). “We called it our Oh Hey Rosé Zoom,” she said in an audio-only interview. “We all had a glass of wine and got on the Zoom together.”On April 15, 2020, Harmel and a handful of those novelists hosted a Facebook Live for their fans. “This community we thought was going to be a few hundred people has now grown to 170,000 members,” Harmel said. By the time I woke up the next morning, I think there were at least 2,000 comments and probably 700 or 800 emails in my inbox.”

Persons: Kristin Harmel, aren’t, ”, “, Mary Kay Andrews, Andrews, Kristy Woodson Harvey, Patti Callahan Henry, ” Harmel Organizations: Facebook

☆ Take Five: Keep calm and raise rates
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +5 min

June 16 (Reuters) - The Bank of England is facing a stormy gilts market while Turkey's new governor is expected to ramp up rates sharply at central bank meetings in the week to come. Markets show traders are placing an almost one-in-five chance the BoE will raise rates by half a point next week, up from near zero at the start of June. Reuters Graphics2/ECONOMIC CHECK UPA raft of decidedly hawkish noises from big central banks - including the Fed - has once again raised questions about how much central bank tightening is accelerating a global slowdown. U.S. manufacturing contracted for a seventh straight month, as new orders continued to plummet amid higher interest rates. May's blockbuster employment report could also provide more leeway for the RBA to tighten rates further.

Persons: Antony Blinken, Kevin Buckland, Lewis Krauskopf, Amanda Cooper, Karin Strohecker, BoE, confab, Philip Lowe, Ajay Banga, Hafize Gaye Erkan, Tayyip Erdogan, Erdogan, Mehmet Simsek, Philippa Fletcher Organizations: Bank of England, U.S, Reuters, Reserve Bank of, Investors, Ukraine, Conference, New, Pact, World Bank, Thomson Locations: Beijing, London, Paris, Tokyo, New York, United States, Europe, Japan, U.S, Australia, China, Dnipro, Ukraine

☆ Alibaba hands parched dealmakers a glass half-full
▼ + stars: | 2023-03-30 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Then New York- and Hong Kong-listed Alibaba (9988.HK) revealed it was creating six independently run businesses. That will keep dealmaking teams busy for months if, as CEO Daniel Zhang envisions, multiple listed companies emerge from the $250 billion parent. And if a breakup is good for Alibaba, they can dust off pitchbooks for its domestic rivals. Follow @AntonyMCurrie on TwitterCONTEXT NEWSAlibaba CEO Daniel Zhang said on March 29 that he hopes multiple listed companies will emerge from the group. “I hope there will be multiple listed companies emerging from the Alibaba system, and that they will continue to nurture their own sons and daughters, and cultivate more listed companies”, Zhang said, according to the South China Morning Post.

March 28 (Reuters) - The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks and fintechs, along with improved regulation, the head of the top consumer financial watchdog agency said on Tuesday. Consumer Financial Protection Bureau Director Rohit Chopra told a gathering of retail bankers in Las Vegas that regulators were looking at liquidity, interest-rate risk management, capital frameworks, resolution planning and stress testing. "It will be good for the industry to have some honest conversations with itself about what is the way for the regulatory framework to not create this type of risk," Chopra said. As head of the CFPB, Chopra also sits on the board of the Federal Deposit Insurance Corporation, which took over failed Silicon Valley Bank earlier this month. He also serves on the Financial Stability Oversight Council, created in the wake of the 2008 crash.

☆ Bayer pumps H2O to top of climate agenda: podcast
▼ + stars: | 2023-03-21 | by ( Antony Currie | ) www.reuters.com time to read: 1 min

NEW YORK, March 21 (Reuters Breakingviews) - The UN is hosting its first confab on water security in almost 50 years as floods and droughts worsen with rising temperatures. In this Exchange podcast, Bayer executive and former member of Germany’s Green Party Matthias Berninger lays out the drugs-to-seeds maker’s remedies. Subscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Thomas ShumOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Water’s big moment risks getting lost in the weeds
▼ + stars: | 2023-03-20 | by ( Antony Currie | ) www.reuters.com time to read: +6 min

The latest is research published last Thursday by the Global Commission on the Economics of Water. The sum, though, is just $140 million, and the U.S. government’s International Development Finance Corporation is pouring in three-quarter of the proceeds. But there is a decent investment case for water without state or supranational support. Without them, water’s big moment risks getting lost in the weeds. Follow @AntonyMCurrie on TwitterCONTEXT NEWSThe United Nations 2023 Water Conference starts on March 22, World Water Day, in New York.

Florida Governor Ron DeSantis hasn’t announced a presidential bid yet, but that hasn’t stopped him from receiving his first congressional endorsement. The endorsement comes weeks after Roy, among others, attended a Florida donor confab held for DeSantis. The focus of that event was how to replicate DeSantis’ Florida wins nationwide—but the clear subtext was the looming presidential race and the expectation that DeSantis could parlay his consistently high polling position into an official presidential run. (DeSantis himself was a founding member of the Freedom Caucus when he served in the House.) South Carolina Rep. Ralph Norman, another HFC member, threw his support behind former South Carolina Gov.

☆ We asked CPAC attendees what they think 'woke' means. Their answers were all over the place.
▼ + stars: | 2023-03-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

The word "woke" has quickly shot to the forefront of Republican politics in recent years. We asked CPAC attendees what they thought the word means. The word "woke" originally emerged from African American vernacular English, signifying a general awareness of systems of injustice. For Francis, who said he homeschools his own children, the word "woke" invokes the idea of a system of education that's stoking divisions between groups. "Political correctness" appeared to be the most popular short-hand among attendees.

☆ Venture capitalists swap Paris Hilton for Al Gore
▼ + stars: | 2023-03-03 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

LOS ANGELES, March 3 (Reuters Breakingviews) - Venture capitalists are trading reality stars for policy wonks. Hundreds of top venture capitalists flocked to Los Angeles this week to congregate at a two-day, invite-only soirée for tech’s elite. For 2022, venture-backed companies collected nearly $240 billion for their coffers, 31% lower than the record $345 billion in 2021, according to Reuters. Crowds piled into the theater at the Museum of Motion Pictures to hear a reality check on climate change from former Vice President Al Gore. CONTEXT NEWSThe 10th annual Upfront Summit took place in Los Angeles on March 1 and 2.

☆ They've seen enough: Trump-backing CPAC attendees want to freeze the 2024 field before things get any messier
▼ + stars: | 2023-03-02 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Trump fans told Insider no one else should jump in because things are already too mixed up. "What I'm most looking forward to, obviously, is President Trump," she said, noting that she planned to be front and center for his keynote address on Saturday evening. "I think that's a good group," he said, adding, "That's enough." But President Trump is the one that we need," Le told Insider. CPAC attendee Thao Le shows off the Donald Trump pin on her American flag-themed hat on Thursday, March 2, 2023.

People communicate with each other at the Congress Center for the World Economic Forum WEF Annual Meeting 2023 in Davos, Switzerland, Jan. 15, 2023. DAVOS, Switzerland – U.S. lawmakers quietly took part in a private ritzy lunch atop the World Economic Forum on Monday featuring dozens of influential business leaders, according to people with direct knowledge of the matter. Joe Manchin, D-W.Va., Chris Coons, D-Del., Kyrsten Sinema, I-Ariz. and a few members of the House of Representatives, these people explained. Coons, Manchin, Sinema and Kemp are among the U.S.-based officials scheduled to participate in panel sessions at this year's conference. These private events on the sidelines of the World Economic Forum often serve as meet-and-greets between CEOs, billionaires and government officials.

☆ A Q&A With Klaus Schwab, the Founder of the World Economic Forum
▼ + stars: | 2023-01-13 | by ( ) www.wsj.com time to read: 1 min

The past year brought war in Europe, surging inflation and an energy crisis, all while the world is still fighting the Covid-19 pandemic and related disruptions. Company executives are evaluating global supply chains and considering what they could make closer to home. The Wall Street Journal’s editor in chief, Matt Murray, and Journal reporter Thomas Gryta sat down with World Economic Forum founder Klaus Schwab in November as he prepared for his 53rd annual confab in Davos, Switzerland this month. Mr. Schwab, age 84, launched the WEF as a young academic in 1971, but it is now an independent international organization under the Swiss government, similar to the Red Cross. Edited excerpts of the conversation follow.

LAS VEGAS—A head-worn smell generator. Cameras mounted on hummingbird feeders. A plane mask that covers your mouth for quiet phone calls at 30,000 feet. The annual tech confab in Las Vegas is back. While CES isn’t at full strength just yet and some economic worries caused companies to highlight more pragmatic product ideas, the event looked a little more like usual this year.

☆ Banks will pump H2O to top of climate agenda
▼ + stars: | 2023-01-04 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

That’s when the United Nations’ first water confab in almost five decades starts in New York. Achieving that globally requires spending $1 trillion a year on the sustainable provision of drinking water and sanitation, and preparing for floods, scarcity and pollution, per the World Resources Institute. And 90% of climate change’s effects manifest through water, as recent floods and scarcity demonstrate. Knowing when to turn off the funding tap is important, too, just as many banks won’t back Arctic drilling or new coal mines. With some financial groups distancing themselves from umbrella climate change bodies, it’s a challenging time to make this case.

☆ How Silicon Valley and Madison Avenue are remaking the world of advertising
▼ + stars: | 2022-12-19 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +5 min

The Covid years led many organizations to finally understand just how important digital transformation was to their business future. But now, there's a rebalancing taking place in the advertising business, with firms merging the best of digital with the physical world of customer relationships that remains critical. But use of technology and greater emphasis on digital marketing has led firms like ServiceNow to find new and better ways to reach customers through a journey, so to speak. AI in advertisingAs digital immerses the world of marketing, it can be applied to physical events and that's something ServiceNow learned firsthand through a series of conferences it hosts. Look outside ad industryPark advises companies to look beyond his experience, or any advertising-specific case study, for new ideas.

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