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☆ Cisco slumps after cutting annual profit, revenue forecasts
▼ + stars: | 2023-11-16 | by ( Arsheeya Bajwa | ) www.reuters.com time to read: +2 min

The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 16 (Reuters) - Cisco (CSCO.O) tumbled more than 12% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. Cisco blamed the weakness on a slowdown in orders in the first quarter, saying "customers are currently focused on installing and implementing products in their environments". "Now, they've exhausted their excess backlog and the business is stepping back down to lower revenue run rates," Jefferies analyst George Notter said in a note. Cisco trades at more than 13 times its 12-month forward earnings estimates, compared with the industry median of 10.98.

Persons: Nacho, Jefferies, George Notter, Notter, Morningstar, William Kerwin, Arsheeya, Pooja Desai Organizations: Cisco, Congress, REUTERS, Thomson Locations: Barcelona, Spain, Bengaluru

☆ Help Wanted: Cuba's government turns to growing diaspora for investment
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

This migration wave includes many young people and "is having the greatest impact in history in terms of demographics, because of its composition," said Ernesto Soberon, director of Consular Affairs for the Cuban Foreign Ministry. Cuban expats have already invested in bed-and-breakfasts, eateries and other activities on the island, but Cuba would like to see more capital flow, he said. The conference is expected to attract Cubans living off island but with favorable views of their home country, including businesspeople, economists, and members of foreign resident associations. Around 2.5 million Cubans and their descendents now live off the island, Soberon said. "That will ultimately raise their standard of living so that they want to spend their lives here in Cuba and not abroad," he said.

Persons: Marco Bello, Ernesto Soberon, Soberon, Fidel Castro, Castro, Joe Biden, Dave Sherwood, Rosalba O'Brien Organizations: REUTERS, Rights, Reuters, Consular Affairs, Cuban Foreign Ministry, U.S, Cuban, Thomson Locations: Cuban, Cuba, Miami , Florida, U.S, Rights HAVANA, Caribbean, Havana

The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. But Fisker was limited by its delivery and service infrastructure rather than production and demand. "We have not been able to follow through with deliveries fast enough," CEO Henrik Fisker said on the call. "In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company's internal control over financial reporting," Fisker said. The EV company reported a loss of $91 million, missing analysts' estimates for a loss of $75 million, according to Visible Alpha.

Persons: Stephane Mahe, Fisker, Geeta Fisker, Tesla, Elon, Henrik Fisker, Samrhitha Arunasalam, Jaiveer Singh Shekhawat, Akash Sriram, Abhirup Roy, Shounak Dasgupta, Stephen Coates Organizations: Fisker, REUTERS, Ford, General Motors, EV, Alpha, stoke, Revenue, Thomson Locations: Paris, France, U.S, Canada, Austrian, Bengaluru, San Francisco

☆ BlackRock warns of US earnings stagnation, remains bullish on AI, Japan
▼ + stars: | 2023-10-23 | by ( David Randall | ) www.reuters.com time to read: +2 min

The S&P 500 is down nearly 8% from its July highs as a selloff in Treasuries has pushed yields near 16-year highs, sapping investor enthusiasm for equities. While the firm is underweight broad equities for the next 6 to 12 months, it remains bullish on mega-cap technology companies, as well as healthcare and Japanese stocks, it noted. Overall, stock valuations look elevated, especially given the higher yields available in the bond market, the firm noted. The bearish call from BlackRock, the world's largest asset manager, comes as investors closely watch earnings for signs that the U.S. economy remains resilient in the face of rising interest rates. Companies in the S&P 500 are expected to post earnings growth of 1.3% in the third quarter compared with the same time last year, according to LSEG IBES.

Persons: Brendan McDermid, LSEG, David Randall, Hugh Lawson Organizations: BlackRock, New York Stock Exchange, REUTERS, BlackRock Investment, Companies, Microsoft, Google, Facebook, Apple, Nvidia, Thomson Locations: New York City, U.S, BlackRock, Treasuries

☆ Tesla to top $9 bln spending target this year as it rolls out new models
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed. He warned that rising interest rates could impact demand at Tesla, on top of a margin-sapping price war this year to maintain sales. Tesla shareholders -- including Gary Black, managing partner of The Future Fund, which owns Tesla stock -- have been calling for the automaker to advertise, saying that price cuts have only had a limited impact on demand. Reporting by Aditya Soni and Juby Babu; Editing by Maju Samuel and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Tesla, Elon Musk, Musk, Gary Black, Aditya Soni, Juby Babu, Maju Samuel, Savio D'Souza Organizations: Tesla, REUTERS, Fund, Thomson Locations: Taipei, Taiwan, Mexico

REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 23 (Reuters) - The U.S. Justice Department has sought documents and issued subpoenas to Tesla (TSLA.O) as it scrutinizes the automaker's driver assistance system Autopilot and vehicle driving range, among other issues, the company said on Monday. Tesla said in a regulatory filing it has received requests for information "including subpoenas, from the DOJ. These have included requests for documents related to Tesla’s Autopilot and FSD features" and other requests "associated with personal benefits, related parties, vehicle range and personnel decisions." Reuters reported in October 2022 that Tesla was under a Justice Department criminal investigation over claims the company's electric vehicles can drive themselves, citing people familiar with the matter. The company's spending is, however, expected to return to the $7 billion to $9 billion range in the next two years, a regulatory filing showed.

Persons: Mike Blake, Tesla, Elon Musk, Musk, Aditya Soni, Juby Babu, David Shepardson, Maju Samuel, Savio D'Souza, Jonathan Oatis Organizations: Tesla, Beta, REUTERS, U.S . Justice Department, DOJ, Reuters, Justice Department, Street, Chief, Traffic, Administration, Thomson Locations: Encinitas , California, U.S, Mexico

☆ Opinion | To Win the War, Defeat Hamas and Stop Settlements
▼ + stars: | 2023-10-19 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +11 min

After that rocket failed and fell on the Palestinian hospital in Gaza, killing scores of people, Hamas and the P.I.J. (Netanyahu’s coalition agreement actually vows to annex the whole of the West Bank.) I am well aware that Hamas has been committed to eliminating the Jewish state since its inception — not because Israel has expanded settlements in the West Bank. The Palestinian Authority, which is ready to coexist with the Jewish state, needs to be able to actually win a free and fair election against Hamas in the West Bank or Gaza. So no, we’re not telling Netanyahu what to do in Gaza — Israel is a sovereign country.

Persons: Biden, —, Benjamin Netanyahu, Israel, Israel’s, Hassan Nasrallah, Nahum Barnea, beseeching Biden, beseech, it’s, “, Gazans, there’s, Bibi Netanyahu’s, Abraham, Netanyahu, Sam’s, we’re, Netanyahu’s, Dan Ben, David, ” Mr, Ben, Yuval Noah Harari, ” Organizations: West Bank . Settlers, Palestinian Authority, West Bank, U.S, U.S . Navy, Pentagon, Arab Hospital, United, Israel, Hamas, Peace Communications, Times, Abraham Accords, Ministry of Defense, Tel Aviv University, Technion, Israel’s Locations: Israel, Gaza, Iraq, Afghanistan, Jerusalem, —, Iran, Lebanon, Syria, Yemen, United States, U.S, Tehran, Persian, Gaza ”, America, Saudi Arabia, Jordan, Egypt, Gaza — Israel, We’re, Israeli

☆ Morningstar: These are the 33 top undervalued stocks to buy now that the market is finally cheap after last month's sell-off
▼ + stars: | 2023-10-12 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

"That represents an 8% discount to our fair value estimates." Sekara was among those who had to try and keep up with the surprising moves among growth stocks this year. Now, with growth stocks cheaper than they have been in months, he's back on the bandwagon. In a separate note published earlier this month, editor Susan Dziubinski polled Morningstar analysts for their top undervalued stocks to buy this quarter. The results are below, along with each company's ticker, latest closing price, price to fair value ratio, fair value uncertainty, and its economic moat rating.

Persons: David Sekara, Morningstar, Sekara, he's, Susan Dziubinski Organizations: Investor, Federal Reserve, Morningstar

☆ At WTO, growing disregard for trade rules shows world is fragmenting
▼ + stars: | 2023-10-02 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +5 min

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. Those depositing cases include China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea and the United States. The result is a growing disregard for global trading rules among WTO members. Countries have taken advantage of exceptions to WTO rules, such as for national security used by the United States to limit metal imports and some Gulf states to restrict trade with Qatar. Beijing has restricted exports of critical minerals, while Washington has sought to prevent Chinese access to U.S. technology, with national security trumping global trading rules.

Persons: Denis Balibouse, ”, Alan Wolff, Donald Trump, Keith Rockwell, Biden, Ngozi Okonjo, Philip Blenkinsop, Emma Farge, Christina Fincher Organizations: World Trade Organization, REUTERS, WTO, Reuters, Reuters Graphics, European Union, Foundation, Washington, Thomson Locations: Geneva, Switzerland, China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea, United States, Ukraine, North America, Washington, Qatar, Beijing, U.S, Lake Geneva, Indian

☆ US economy remains resilient in second quarter; labor market tight
▼ + stars: | 2023-09-28 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

Tight labor market conditions continue to prevail, with the number of Americans filing new claims for unemployment benefits rising slightly last week, other data showed on Thursday. Some economists believe that the economy's resilience and tight labor market could give the Federal Reserve ammunition to raise interest rates again in November. Reuters GraphicsSTRONG LABOR MARKETThe economy is being underpinned by a resilient labor market, which is driving strong wage gains. The labor market has continued to hold its own so far. The unemployment rate increased to 3.8% in August from 3.5% in July.

Persons: Mike Blake, Christopher Rupkey, Lucia Mutikani, Paul Simao Organizations: Port, REUTERS, Federal Reserve, Gross, Reuters Graphics, U.S . House, United Auto Workers, General Motors, Ford, Labor Department, Reuters, Thomson Locations: Port of Los Angeles, San Pedro , California, U.S, WASHINGTON, New York

Political Cartoons View All 1176 Images“Dave (Sampson) of European Golf Design made a course fit for drama,” Marco Simone superintendent Lara Arias said in a recent interview. “What’s good about Marco Simone is it’s got a lot of long holes, a lot of short holes. It’s got a lot of left, lot of right, lot of up, lot of down. Still, she is leaving 6 ½ feet of native grass inside the ropes at a height of five inches. That's because a colony of nutria, amphibious rodents, live on the Marco Simone grounds and have been known to roam the fairways.

Persons: GUIDONIA MONTECELIO, — Rory McIlroy’s, Marco Simone, Luke Donald, Tommy Fleetwood’s, Nicolai Hojgaard, Bob McIntyre, Adrian Meronk, Dave, Sampson, ” Marco Simone, Lara Arias, ‘, ’, it’s, It’s, Zach Johnson, ” Donald, ” Arias, Arias, ” Johnson, Europe —, “, ___ Organizations: Ryder, United, ” Locations: Italy, Rome, United States, Europe, Peter’s

☆ Analysis: Zelensky's mixed reception in Washington may be a taste of political storm to come
▼ + stars: | 2023-09-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Washington CNN —The blue-and-gold flag draped hero worship of Ukrainian President Volodymyr Zelensky’s last Washington trip, which stirred comparisons to Winston Churchill’s wartime stand against Nazism, was a distant memory on Thursday. And in public appearances, Zelensky’s patience sometimes frayed – especially when berating the United Nations for failing to protect its members from aggression. There’s also a question of whether Zelensky’s relentless efforts to shame the world into action might be reaching the point of diminishing returns. Trump exacerbates such concerns by warning that Biden’s help for Ukraine could trigger World War III with Russia. With no end in sight for the biggest war in Europe since World War II, Ukraine’s fate seems increasingly aligned with Biden’s own political destiny.

Persons: Volodymyr Zelensky’s, Winston, Zelensky, Donald Trump’s, Franklin Roosevelt, There’s, Vladimir Putin, Kim Jong, Biden, Mr, ” Biden, Jake Sullivan, –, Chuck Schumer, Mitch McConnell, we’re, Carolina Sen, Thom Tillis, Kamala Harris, Nancy Pelosi, Kevin McCarthy, McConnell, we’ve, you’ve, ” McCarthy, “, McCarthy, Trump, Putin, Nikki Haley, Vivek Ramaswamy, Trump’s, Ohio Sen, J.D, Vance, Zelensky –, ” Vance, Missouri Sen, Josh Hawley, ” Hawley Organizations: Washington CNN, Republican, CNN, United Nations, United States, Oval, Tactical Missile Systems, NATO, Kyiv, Democratic, GOP, Senate, Trump, Ukraine, “, Twitter Locations: Washington, Russia, United States, Ukraine, United, Russian, Russia’s Far, Poland, Warsaw, US, Poland’s, ”, Carolina, Ukrainian, Southern, America, New Hampshire, American, Moscow, Missouri, Europe

☆ FedEx raises lower end of full-year adjusted profit forecast
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsSept 20 (Reuters) - FedEx (FDX.N) raised the lower end of its full-year adjusted profit forecast on Wednesday as it benefited from problems experienced by rivals UPS (UPS.N) and Yellow (YELLQ.PK). As one of the largest providers of less-than-truckload shipping, FedEx also was in prime position to benefit from last month's demise of Yellow, one of that sector's dominant players. The global shipping downturn which has hurt margins for the sector has pushed several companies to adopt a balancing act of matching costs and capacity to lower demand. The fall in demand comes against the backdrop of a decline in e-commerce volumes as the pandemic-driven online shopping bubble burst. FedEx now expects adjusted full-year earnings per share between $17.00 and $18.50, compared with its prior forecast of $16.50 to $18.50 per share.

Persons: Mike Blake, Priyamvada Organizations: Federal Express, REUTERS, FedEx, UPS, Brotherhood of Teamsters, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ I've conducted hundreds of interviews at Amazon and other tech companies. The hiring process may seem lengthy, but it's necessary.
▼ + stars: | 2023-09-19 | by ( Brandon Southern | ) www.businessinsider.com time to read: +9 min

He writes that hiring managers have to be cautious when hiring because their reputations are on the line. While there are some interviews that do feel excessive, many are not, and they are a normal part of a hiring manager's desire to be cautious when hiring a new employee. Dealing with situations like these certainly cause hiring managers to be extra cautious when interviewing and hiring candidates. AdvertisementAdvertisementWith only two or three interviewers, one interviewer will be the hiring manager and the other interviewers likely report to the hiring manager. I've been contacted by companies for jobs that I haven't applied for, and they asked me to write multiple strategy documents before scheduling a call with the hiring team.

Persons: Brandon Southern, I've, they're, isn't, we've Organizations: Amazon, eBay, GameStop, Service, LinkedIn Locations: Southern, Wall, Silicon

☆ Morning Bid: Messy market mood as oil irks
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +5 min

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. The crude spur is more supply than demand related and most fingers point to the latest output cuts from Saudi Arabia and Russia. Headline inflation rates are already backing up as a result of the energy price rebound and U.S. gas pump prices rose last week to $3.88 per gallon - the highest since October 2022. Stock markets around the world were mixed to positive and U.S. futures were up a fraction ahead of Wall St's open. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Dado Ruvic, Mike Dolan, Claudio Borio, Mehmet Simsek, Goldman Sachs, Christina Fincher Organizations: REUTERS, U.S . Energy, Administration, Federal Reserve, Bank for International, U.S, Economic, American Chamber of Commerce, Stock, Kingfisher, . Federal Reserve, Treasury, Turkey's, Goldman, Reuters Graphics, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Saudi Arabia, Russia, Treasuries, China, Shanghai, Europe, Canada, New York

Student loan repayments restart in October after a three-year suspension during the COVID-19 pandemic. In isolation, none would likely shift policymakers' sense of the short-term risks or change their focus on quelling still-elevated inflation. By Goldman's estimate the economy would still be growing at a 1.3% annual rate at that point. But the amounts they see sliced from GDP are more than the 1% growth rate Fed officials expected the economy to muster as of June, and beyond many private forecasts as well. Some economists say the resumption of student loan repayments for tens of millions of borrowers may already be reshaping behavior.

Persons: Goldman Sachs, Vincent Reinhart, Reinhart, Michael Pearce, Ian Shepherdson, Kieran Clancy, They've, Howard Schneider, Dan Burns, Andrea Ricci Organizations: . Federal Reserve, United Auto Workers, Federal, Republicans, Reuters Graphics Reuters, Mellon, Reuters, Oxford Economics, Congressional, U.S . Department, Education, Thomson

☆ Opinion | Corruption Is an Existential Threat to Ukraine, and Ukrainians Know It
▼ + stars: | 2023-09-10 | by ( Farah Stockman | ) www.nytimes.com time to read: +3 min

No one knows better what an existential threat corruption can be, sapping the public trust and the legitimacy of the state. Ukrainians consider corruption the country’s second-most-serious problem, behind only the Russian invasion, according to a poll conducted by the Kyiv International Institute of Sociology this year. That raises hopes that Ukrainians are starting to resist corruption with the same can-do spirit that repelled the Russian invasion. Ukrainian lawmakers are pushing back against the scrutiny. “Many Ukrainians are unhappy with this decision of the Parliament,” Andrii Borovyk, the executive director of Transparency International Ukraine, told me.

Persons: Yuriy Nikolov, Volodymyr Zelensky, Oleksii Reznikov, Bohdan Torokhtiy, Alina Levchenko, Mr, Zelensky, ” Andrii Borovyk, Vitalii Shabunin, ” Organizations: Kyiv International Institute of, European Union, Ukrainian Defense Ministry, Transparency International, Ukrainian Pravda Locations: Ukraine, Ukrainian, Europe, Instagram, Kyiv, Transparency International Ukraine

☆ Hosts France win opening game of 2023 Rugby World Cup, beating fellow favorites New Zealand
▼ + stars: | 2023-09-08 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Hosts France won the opening game of the 2023 Rugby World Cup, beating fellow tournament favorites New Zealand 27-13 on Friday. Stephanie Lecocq/ReutersA late showFrom hours before kick off, it was obvious there was a Rugby World Cup in town in Paris. New Zealand players perform the Haka in front of the France players before their match at the Rugby World Cup. France made the man advantage count, Ramos scoring his fourth penalty of the game from close range to extend the lead to six points. And try as it might to push for a route back into the game, Ramos’ fifth penalty of the game made it a two-score match and effectively wrapped up the result.

Persons: Damian Penaud’s, Thomas Ramos, Mark Telea, Melvyn Jaminet’s, “, ” France’s Gregory Alldritt, “ It’s, ”, France's Damian Penaud, France's, Matthieu Jalibert, Stephanie Lecocq, Christian Hartmann, Telea, Ramos, Richie Mo’unga’s, Mo’unga, Les Bleus, Will Jordan, Jaco Peyper, Ramos ’, Jaminet’s Organizations: CNN, France, Zealand, New Zealand, Reuters, Rugby, Stade de France, Blacks, Stade Locations: Paris, France, ” France, Uruguay, Lille, New Zealand, Namibia, Toulouse, Haka, Zealand, South Africa, Ireland, Scotland, Tonga, Romania

☆ Daniil Medvedev through to US Open semifinals but issues warning after suffering in ‘brutal’ heat
▼ + stars: | 2023-09-06 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Daniil Medvedev beat compatriot Andrey Rublev to reach the US Open semifinals on Wednesday, but warned that a player might “die” in what he called “brutal” conditions at the tournament. Medvedev triumphed over Rublev in straight sets, 6-4 6-3 6-4, but both players could be seen struggling with the heat inside the Arthur Ashe Stadium. Al Bello/Getty ImagesAfter the victory, Medvedev called the conditions “brutal” and explained that he couldn’t see the ball by the end of the first set. “The only good thing I see in these conditions is that both suffer,” Medvedev said during his on-court interview. I played with sensations.”“I tried to go for it, tried to run and he did the same.

Persons: CNN — Daniil Medvedev, Andrey Rublev, Medvedev, Arthur Ashe, Al Bello, ” Medvedev, “, –, Rublev, Carlos Alcaraz, Alexander Zverev – Organizations: CNN, Medvedev, CNN’s, Rublev, ” Locations: Flushing Meadows

☆ Ukrainian weapons can now hit targets 430 miles away, Zelenskyy says, threatening to bring the war deeper inside Russia's borders
▼ + stars: | 2023-09-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

He said Ukrainian weapons can hit Russian targets more than 430 miles away. It means Ukraine has extended the range of its attacks and can strike deep within Russia's borders. AdvertisementAdvertisementIn a Facebook post Thursday, he posted a video apparently showing a long-range Ukrainian missile test. Ukrainian Main Military Intelligence Directorate Head Major General Kyrylo Budanov said that Ukraine has the capacity to strike targets anywhere in Crimea, the Ukrainian peninsula occupied by Russia since 2014. As part of that drive, Ukraine has launched attacks on cities and military targets in Russia apparently aimed at sapping Russian morale.

Persons: Volodymyr Zelenskyy, Zelenskyy, Oleksiy Danilov, Kyrylo Budanov Organizations: Service, Ministry of Strategic Industries, Ukraine, Ukrainian National Security and Defense, Main Military Intelligence Locations: Ukrainian, Ukraine, Russia's, Wall, Silicon, Pskov, Russia, Washington, DC, Russian, Crimea

☆ Summer of angst as bond yields surge and global stocks wobble
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +5 min

Meanwhile, U.S. real yields, which show what investors can expect to earn on government bonds after adjusting for inflation, stand near their highest point since 2009. Benchmark yields also guide other key economic rates, raising the cost of capital as they climb. In Europe, a key long-term gauge of market inflation expectations remains well above the European Central Bank's 2% inflation target . Reuters GraphicsHigher bond yields, falling equities and a rising dollar are all tightening financial conditions fast, adding to investor concerns. Property accounts for roughly a quarter of China's economy, which is already suffering from tepid domestic consumption, faltering factory activity, rising unemployment and weak overseas demand.

Persons: Brendan McDermid, Goldman Sachs, Goldman, Hong, Yoruk Bahceli, Alun John, Dhara Ranasinghe, Lewis Krauskopf, Vincent Flasseur, Ira Iosebashvili, Mark Potter Organizations: New York Stock Exchange, REUTERS, Japan’s Nikkei, Reuters, Treasury, Central, Bank of England, Thomson Locations: New York City, U.S, Europe, Britain, China's

☆ Timing could be right for Newcastle in big test at Man City
▼ + stars: | 2023-08-17 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

LONDON, Aug 17 (Reuters) - Newcastle United face the first big test of their Premier League title aspirations on Saturday but the trip to champions Manchester City could be coming at the right time for the table-topping Magpies. "Thank you so much to the Premier League for letting us play on Saturday, and not on Sunday and Monday," Guardiola said sarcastically of the 72-hour turnaround from Wednesday's game. Newcastle have yet to win a Premier League match at The Etihad but the arrival of Italy's Sandro Tonali has boosted an already strong midfield featuring Brazil internationals Bruno Guimaraes and Joelinton. Guimaraes explained on a Brazilian podcast last month how much he has hated playing City in the past, so good were their players. Liverpool are overwhelming favourites to win their first home league game of the season against Bournemouth on Saturday, a side they thumped 9-0 at Anfield last August to equal the Premier League record.

Persons: Pep, Kevin de Bruyne, Guardiola, Abu, Italy's Sandro Tonali, Bruno Guimaraes, Guimaraes, Erling Haaland, KANE, Harry Kane, Ange Postecoglou, Cristian Romero, Jurrien Timber, Mikel Arteta, Luton's, Vincent Kompany, Alan Baldwin, Ken Ferris Organizations: Newcastle United, Premier League, Manchester City, Magpies, Etihad, UEFA Super, Sevilla, Burnley, Aston Villa, Saudi, St James, City, Newcastle, Brazil, City's, Manchester United, Tottenham Hotspur, Spurs, Bayern Munich, Brentford, Arsenal, Crystal, London, Chelsea, West Ham United, Sunday, Fulham, Jurrien, Bournemouth, Anfield, Nottingham Forest, Sheffield United, Wolverhampton Wanderers, Brighton & Hove Albion, Everton, Kenilworth, Thomson Locations: Athens, Belgium, Abu Dhabi, Joelinton, Argentina, Liverpool

☆ Bank of America breaks down the repercussions of Biden's Inflation Reduction Act a year after its contentious passage, and the 37 stocks that will see the biggest benefits in the years to come
▼ + stars: | 2023-08-16 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

It has been one year after President Biden's Inflation Reduction Act went into law. Passing the Inflation Reduction Act last August was anything but easy. One year to the day after President Biden's Inflation Reduction Act was passed seems like the perfect time to look back on its effects — and to look forward at which stocks could reap the benefits. Bank of America: The Inflation Reduction Act is WorkingIn mid-July, Bank of America ESG strategists Dimple Gosai and Megan Mantaro took a deep dive into the Inflation Reduction Act and the stocks that will feel the greatest impact from increased manufacturing spending. Within these themes, the strategists found 37 stocks that they believe will see the biggest benefits of the Inflation Reduction Act.

Persons: Biden's, Sen, Joe Manchin, Dimple Gosai, Megan Mantaro, Mantaro Organizations: Bank of America, GOP, Infrastructure Investment, Jobs, EVs, EV Locations: Georgia, South Carolina , Tennessee, Kentucky

☆ The economy is very fragile with inflation still hurting poorer Americans, economist Steve Moore says
▼ + stars: | 2023-08-10 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

But Steve Moore believes the economy still looks "very fragile". Inflation is still sapping poorer Americans' purchasing power, he told Fox Business Wednesday. Top economist Steve Moore is urging caution, though – warning the economy is not as robust as it seems. Moore sees high food and energy prices as the main threat to the economy's health, ahead of July's Consumer Price Index report, set to be released Thursday. Other economists, such as Nobel laureate Paul Krugman, believe massive food inflation has been driven by Russia's invasion of Ukraine, rather than Biden's fiscal policies.

Persons: Steve Moore, Moore, Paul Krugman, Vladimir Putin, Krugman Organizations: Fox Business, Service, Federal Reserve, Heritage Foundation, July's, Biden, New York Times Locations: Wall, Silicon, Ukraine, Russia

☆ I landed a job at Google right out of college. Here are 10 things I wish I knew before starting my career.
▼ + stars: | 2023-08-07 | by ( Charlene Lee | ) www.businessinsider.com time to read: +15 min

Charlene Lee is a former product manager at Google who wishes she had a guide prior to starting her first job. Today, I'd like to share some of the lessons I wish I had learned before starting my career, lessons that I now teach my team. It's your job to find a good managerOne of my best managers, Paul, spent a lot of time with me early in my career. Things changed when the next box, like writing a book, started conflicting with things that weren't on the list. The start of your career is the beginning of your journey, and I hope that this guide helps you with yours.

Persons: Charlene Lee, she's, Lee, Google's, I'd, would've, Paul, wasn't, I've, didn't, Paul didn't, It's, Jon, Jon wasn't, wouldn't, —, hadn't, Carissa wasn't, Marty, Dan Gilbert, Inbal, Ralph Waldo Emerson Organizations: Google, Jon's, AngelList, Duke University Locations: Asia, New York, China, Singapore, Shanghai, —

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