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☆ Ukraine losing Western support makes the US 'more vulnerable' because China is watching the war closely, NATO chief says
▼ + stars: | 2024-01-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

NATO chief Jens Stoltenberg warned that Putin achieving his goals in Ukraine sets an example for Beijing. China wants to see how long the US can keep up support to Ukraine, Stoltenberg said. He urged the West to continue aid to Ukraine as funding for Kyiv is questioned in Congress. AdvertisementChina is closely watching how long the US and Europe can maintain support for Ukraine, Jens Stoltenberg, secretary-general of the North Atlantic Treaty Organization, said on Sunday. "So it's not only making Europe more vulnerable but all of us, also the United States, more vulnerable if Putin gets what he wants in Ukraine."

Persons: Jens Stoltenberg, Putin, Stoltenberg, —, Shannon Bream, Putin doesn't, Wang Yi Organizations: Ukraine, Service, Atlantic Treaty Organization, Fox News, it's, GOP, NATO, CNN Locations: Ukraine, Beijing, China, Europe, Kyiv, it's Ukraine, Taiwan, United States, Russia, Russia's

☆ China’s Xi Jinping visits financial hub Shanghai as Chinese economy sputters
▼ + stars: | 2023-11-30 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Chinese leader Xi Jinping has visited Shanghai for the first time in three years, as his government steps up efforts to prop up the country’s economy and financial markets. The visit, his first since 2020, comes as business confidence wanes in China and foreign companies pull out of the country. “General Secretary Xi Jinping’s visit to Shanghai sends important signals at a critical moment,” an editorial by Xinhua said Thursday. “Shanghai must be a vanguard of the country’s reform and opening up and a pioneer in its tech innovation and development,” Xi was quoted as saying by Xinhua. Earlier this month, Xi visited the United States for the first time in more than six years, where he met with President Joe Biden to amend ties between the two countries.

Persons: Xi Jinping, Xi, Lifeng, Cai Qi, Xi Jinping’s, ” Xi, Joe Biden Organizations: Hong Kong CNN, Shanghai Futures Exchange, Xinhua News Agency, PMI, Xinhua, “ Finance Locations: Hong Kong, Shanghai, China, Beijing, United States

☆ Iceland remains on eruption alert as seismic activity wanes
▼ + stars: | 2023-11-24 | by ( Johannes Birkebaek | ) www.reuters.com time to read: +1 min

[1/2] General view of an area near to the evacuated town of Grindavik, in Iceland, November 17, 2023. REUTERS/Marko Djurica/ File photo Acquire Licensing RightsCOPENHAGEN, Nov 24 (Reuters) - Icelandic authorities said on Friday they were still on alert for a volcanic eruption in the southwest Reykjanes peninsula, although the odds were falling after a drop in seismic activity. Iceland has been living with a high risk of an eruption since seismic activity and underground lava flows increased in the region near the capital Reykjavik in late October. "Seismic activity continues to decrease," it said, adding that "the likelihood of eruption decreases over time". Five ministers from the Icelandic parliament visited Grindavik on Friday, where evacuated residents have been allowed back since Thursday to pick up more personal belongings.

Persons: Marko Djurica, RUV, Vidir Reynisson, Johannes Birkebaek, Alexander Smith Organizations: REUTERS, Rights, Thomson Locations: Grindavik, Iceland, Reykjavik, Hagafell

☆ These big names in retail could get hit by Temu's surging growth, Bank of America says
▼ + stars: | 2023-11-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The explosive growth of Temu, the U.S. arm of Chinese e-commerce giant Pinduoduo , could spell trouble for some major retailers, according to Bank of America. Just six months ago, Temu's sales were only 4% of Target's. The analysts say Temu's growth has been fueled by aggressive advertising using influencers, social media and search, with daily active users reaching 40% of Amazon's level. Retailers at risk The BofA analysts say retailers competing on price alone are particularly exposed to Temu's disruption. Separately, analysts at UBS investment bank also see Temu's growth in a similar vein.

Persons: Thomas Thornton, Kohl, Zara, Inditex, Pinduoduo, Lowe, CNBC's Michael Bloom Organizations: Bank of America, Consumers, of America's, Navy, Urban Outfitters, Walmart, Target, UBS, Costco Locations: Temu, U.S, United States, Swiss

☆ Mali signs agreement with Russia to build gold refinery
▼ + stars: | 2023-11-22 | by ( Tiemoko Diallo | ) www.reuters.com time to read: +2 min

BAMAKO, Nov 22 (Reuters) - Mali's military government said it has signed an agreement with Russia to build a gold refinery in the capital Bamako, one of a slew of deals between the two countries as Russia seeks to extend its regional influence. The deal is the latest sign of Russia's deepening interests in Mali, one of Africa's largest gold producers, just as Western influence there wanes. Russia's state nuclear energy company Rosatom signed an deal with Mali in October to explore for minerals and produce nuclear energy. Sanou said he had also signed a deal with a Russian firm to build a 200- to 300-megawatt solar power plant by mid-2025. Industrial gold production in Mali totalled 66.2 tonnes last year, mostly from mines owned by Barrick Gold (ABX.TO), B2Gold (BTO.TO), Resolute Mining (RSG.AX), Allied Gold (AAUC.TO) and Endeavour Mining .

Persons: Alousséni Sanou, Sanou, Rosatom, Wagner, Tiemoko Diallo, Hereward Holland, Edward McAllister, Mark Heinrich Our Organizations: Wagner Group, Islamic, Barrick Gold, Resolute Mining, Allied, Endeavour Mining, Thomson Locations: BAMAKO, Russia, Bamako, Mali, Russian, France, Africa, al Qaeda, Islamic State

☆ Putin’s brutal war on Ukraine vanishes from news coverage amid raging conflict in Gaza
▼ + stars: | 2023-11-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

In the days before the Israel-Hamas war, the battle in Ukraine amounted to about eight percent of CNN’s television coverage. After the attacks, CNN —the cable news network that provided the most Ukraine coverage — fell to under one percent. The noted drop in Ukraine war coverage from the press, given the fresh violence in the Middle East, is not completely surprising. As Kolbe told me, “Putin’s media campaign to paint Ukraine as divided, corrupt, and a puppet of the U.S. and NATO, is a central part” of his strategy. The lack of press attention makes that all the more easier.

Persons: It’s, Vladimir Putin’s, —, ensnared Washington, Donald Trump’s, Putin, Paul Kolbe, “, ”, Russia “, ” Kolbe, Kolbe Organizations: CNN, Ukraine, Internet Television, GDELT, Belfer Center for Science, International Affairs, Harvard Kennedy School, Central Intelligence Agency, Hamas, U.S, NATO Locations: Ukraine, Eastern Europe, Israel, Maine, Russian, ”, Russia, Ukraine wanes, NATO

☆ U.S. and China vie for dominance in new 'a la carte' world order, survey finds
▼ + stars: | 2023-11-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Pluralities of global citizens believe the West is in demise — with U.S. democracy and the European Union at risk of collapse within the next 20 years. They also find that increased economic ties with China are growing more appealing, according to polling of adults across 11 European countries and 10 non-European ones. For many, the conflict is considered a "proxy war" between the U.S. and Russia, with majorities in Russia, China, Saudi Arabia, and Turkey saying the two Cold War powers are "already at war." Almost half of respondents in the country say they feel pessimistic about the future of the U.S. This compares with majorities of nationals in India, Indonesia, China and Russia, who are optimistic about their countries.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Xi, thinktank, Mark Leonard Organizations: Economic Cooperation, Afp, Getty, U.S, European Council, Foreign Relations, Oxford University, European Union Locations: Asia, San Francisco, China, Russia, Ukraine, Europe, U.S, Moscow, Saudi Arabia, Turkey, India, Indonesia

☆ The N.F.L. Looks Beyond Game Day to Try to Create a Streaming Universe
▼ + stars: | 2023-11-14 | by ( Emmanuel Morgan | More About Emmanuel Morgan | ) www.nytimes.com time to read: +1 min

The National Football League has long been a broadcast juggernaut, with its games accounting for 83 of the nation’s 100 most-viewed telecasts last year, according to the ratings firm Nielsen. But as the reach of traditional television wanes, and major live events like the Academy Awards and the World Series face historically low ratings, the N.F.L. is embarking on an ambitious strategy to try to maintain its dominance. “Quarterback,” an eight-episode documentary that followed Patrick Mahomes and others during his second M.V.P. season, was the most-watched series on Netflix for more than a week in July.

Persons: Nielsen, ”, Patrick Mahomes, Barry, Barry Sanders, Houdini, Jerry Jones Organizations: Detroit Lions, Dallas Cowboys, National Football League, Netflix, Amazon, Cowboys

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

☆ Uruguay Reflects Latin American Drift From U.S., Turn to China
▼ + stars: | 2023-11-08 | by ( Samantha Pearson | ) www.wsj.com time to read: 1 min

MONTEVIDEO, Uruguay—Welcome to the People’s Republic of China, the name of a gleaming new elementary school in the rough outskirts of Uruguay’s capital, built as part of Beijing’s charm offensive in South America as U.S. influence in the region wanes. “It’s transformed this neighborhood,” said Laura Álvez , director of the school, a steel and glass structure where students take Mandarin classes and learn how to make mooncakes, traditional Chinese pastries. The poorest kids have never before been as far as the beach, which is 5 miles away, but they now dream of going to China, she said.

Persons: It’s, ”, Laura Álvez Locations: MONTEVIDEO, Uruguay, People’s Republic of China, Uruguay’s, South America, China

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Among the 11 major S&P 500 sectors, energy (.SPNY) led declines tracking a 2% fall in crude prices on mixed economic data from China. Declining issues outnumbered advancers for a 2.30-to-1 ratio on the NYSE and for a 1.55-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 12 new highs and 48 new lows.

Persons: Brendan McDermid, Dow Jones, Neel Kashkari, Austan Goolsbee, Sam Stovall, Christopher Waller, John Williams, Jerome Powell's, Stovall, Wall, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Chicago Fed, CFRA Research, Treasury, U.S, Fed, New York Fed, Dow Jones, Uber Technologies, Mongodb, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Federal Reserve Bank of Minneapolis President Neel Kashkari doused hopes of early rate cuts late on Monday, saying the central bank likely has more work ahead of it to control inflation. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Uncertainty about the timing of potential rate cuts and some dismal corporate forecasts for the fourth quarter have cast a doubt on whether there could be a year-end rally for stocks. ET, Dow e-minis were down 106 points, or 0.31%, S&P 500 e-minis were down 14.5 points, or 0.33%, and Nasdaq 100 e-minis were down 43.25 points, or 0.28%.

Persons: Brendan McDermid, Neel Kashkari, Christopher Waller, John Williams, Jerome Powell's, Ipek Ozkardeskaya, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Treasury, U.S, Fed, New York Fed, Swissquote Bank, EBay, Dow e, Exxon Mobil, Chevron, Occidental Petroleum, Intel, Thomson Locations: New York City, U.S, China

☆ US officials are concerned that Ukraine is running out of troops and have hinted at peace talks with Russia, report says
▼ + stars: | 2023-11-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Western officials have suggested Ukraine consider peace negotiations with Russia, a report says. US officials fear that Ukraine is running out of troops, while Russia seems to have an endless supply. AdvertisementAdvertisementWestern officials have begun broaching the topic of holding peace negotiations with Russia with the Ukrainian government, a report says. Biden administration officials are also concerned that Ukraine is running out of forces as it struggles to recruit more troops for the fight. The Russian president might be hoping to "wait out the West" and hope support for Ukraine wanes, officials told the outlet.

Persons: —, Biden, Joe Biden, Volodymyr Zelenskyy, Vladimir Putin, Ursula von der Leyen, Ilia yefimovich, Adrienne Watson, Ukraine wanes, Putin, Donald Trump Organizations: Service, US, NBC, Pentagon, Biden, European Commission, Getty, Kyiv, National Security Council, Ukraine, Republican Locations: Ukraine, Russia, Israel, Ukrainian, United States, Kyiv, Gaza, Russian

☆ Oil heads for weekly loss as geopolitical risk premium wanes
▼ + stars: | 2023-11-03 | by ( Ahmad Ghaddar | ) www.reuters.com time to read: +3 min

Both benchmarks gained more than $2 a barrel on Thursday, but were on track to lose about 4% on the week. The report could bolster the view that the U.S. Federal Reserve need not raise interest rates further. The Fed held interest rates steady on Wednesday, while the Bank of England held rates at a 15-year peak. The stable policies kept oil prices supported as some risk appetite returned to markets. "The oil market will be watching for an escalation of tensions, particularly on the Lebanese border, as Hezbollah attacks increase," City Index Fiona Cincotta said.

Persons: Jussi Rosendahl, Brent, Fiona Cincotta, Sayyed Hassan Nasrallah, Israel, Jeslyn Lerh, Mark Potter Organizations: REUTERS, U.S, West Texas, National Bureau, Statistics, U.S . Labor Department, U.S . Federal, Fed, Bank of, Palestinian, Thomson Locations: Porvoo, Finland, China, Bank of England, Gaza, Lebanese, Saudi Arabia, Singapore

☆ Opinion | Why Is Swearing So Much Fun?
▼ + stars: | 2023-11-01 | by ( Rebecca Roache | ) www.nytimes.com time to read: +2 min

Swearing can be so satisfying that it can help us withstand pain. As the linguists Keith Allan and Kate Burridge put it, the harmfulness of taboos “contaminates” certain words that refer to them, making those related words taboo, too. In prudish Victorian Britain, extremely lewd street names that had existed unproblematically throughout the country in the Middle Ages were bowdlerized. And in increasingly secular cultures the taboo around religious-themed words has waned. Consider, as Professors Allan and Burridge do, spilling salt, which was once both expensive and spiritually significant.

Persons: What’s, Keith Allan, Kate Burridge, ” Rhett Butler’s, Allan, Burridge Locations: Britain

Customers might assume that nonunion automakers, like Toyota, Tesla or Hyundai-Kia, will now be able to price their vehicles well below what the Detroit automakers can. “When the dust settles from this UAW debacle, the Detroit auto stalwarts find themselves with a bigger cost profile with competition increasing," said Dan Ives, an analyst at Wedbush. That means that competition for buyers is intensifying as pent-up demand from the pandemic wanes, making it difficult for any automaker to raise prices. But if the Detroit companies report lower income, Wall Street will register its disappointment, and stock prices could fall. “You either raise your labor costs to meet what the UAW is getting or you risk the unionization drive.”

Persons: Stellantis, ”, Jonathan Smoke, pare, Dan Ives, Natalie Knight, Ram, Knight, Smoke, Shawn Fain, Fain, Art Wheaton, wouldn’t, Wheaton, Tesla, ” Wheaton Organizations: DETROIT, United Auto Workers, Detroit’s, General Motors, Ford, Toyota, Hyundai, Kia, Detroit, GM, Cox Automotive, UAW, Chrysler, Jeep, Cox, automakers, Detroit automakers, Cornell University, U.S Locations: United States, U.S, Stellantis, Detroit

☆ As the market enters correction territory, don't blame the American consumer
▼ + stars: | 2023-10-29 | by ( Tim Mullaney | ) www.cnbc.com time to read: +14 min

Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.

Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont

Five months later, Albanese will be welcomed to the White House with the highest trappings of American diplomacy, including a black-tie state dinner underneath a tent erected on the South Lawn. Already, the White House had struggled to secure billions of dollars in new funding for Ukraine. When Albanese arrives at the White House Tuesday evening, the US House of Representatives will have been without a permanent House speaker – and legislatively paralyzed – for 21 days. Senior Biden administration officials believe that only weeks remain before a lack of additional funding for Ukraine starts to become a serious battlefield concern. The first lady developed the menu with guests chef Katie Button, a James Beard Award nominee who owns a popular tapas restaurant Cúrate in Asheville, North Carolina; White House executive chef Cris Comerford; and White House executive pastry chef Susie Morrison.

Persons: Joe Biden’s, Anthony Albanese, Albanese, Biden, Cedric Richmond, “, Volodymyr Zelensky, Jake Sullivan, ” Sullivan, –, ’ Biden, ” Biden, it’s, Ukraine –, Michèle Flournoy, Xi Jinping, Wang Yi, Wang, Antony Blinken, Sullivan, Blinken, Xi, Blinken’s, ”, Karine Jean, Pierre, Australia –, They’ll, John Kirby, ” Kirby, Kirby, ” Dr, we’ve, Bryan Rafanelli, Katie Button, James Beard, Cris Comerford, Susie Morrison Organizations: CNN, Australian, ., White, Hamas, Ukraine, Biden, CBS, Defense, APEC, Washington, Publicly, ”, Australia, Wednesday, ’, National Security, Army and Air Force, White House Locations: Pacific, Washington, Gaza, Israel, Asia, Vietnam, China, Ukraine, Tel Aviv, Australia, United States, America, White, San Francisco, Beijing, Saudi Arabia, Riyadh, there’s, United Kingdom, India, Japan, Asheville , North Carolina

☆ Why you shouldn’t postpone your flu vaccine
▼ + stars: | 2023-10-24 | by ( Katia Hetter | ) edition.cnn.com time to read: +6 min

It’s fine to receive the flu vaccine from any of these place — just don’t delay getting it. Wen: The flu can be dangerous, and the flu vaccine has two important positive effects. Wen: If you had flu in years past, then yes, you do still need to receive the flu vaccine this year. I hear from my patients that they don’t need the flu vaccine this year because they’ve already had “the flu” but they never actually tested positive for influenza. First, waning immunity means that the protection from last year’s flu shot won’t carry you through this year’s flu season.

Persons: Leana Wen, Wen, they’ve Organizations: CNN, US Centers for Disease Control, CNN Wellness, George Washington University Milken Institute School of Public Health, wanes

☆ Marlboro maker Philip Morris reports revenue miss, but strong sales of cigarette alternatives
▼ + stars: | 2023-10-19 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Philip Morris International Inc. Marlboro brand cigarettes are arranged for a photograph in Shelbyville, Kentucky, U.S., on Friday, Oct. 2, 2015. Philip Morris International on Thursday reported quarterly earnings that topped Wall Street's expectations but revenue that missed estimates, as sales for its heated tobacco and oral nicotine products remain strong. For the quarter ended September 30, Philip Morris posted revenue of $9.14 billion, compared to year-ago revenue of $8.03 billion, a 13.8% increase. He cited IQOS, its line of heated tobacco products, and its Zyn oral nicotine pouch as growth drivers. Zyn nicotine pouches are tobacco-free oral products touted by the company as a cleaner, more discreet way to consume nicotine.

Persons: Philip Morris, Jacek Olczak, Olczak, Zyn Organizations: Philip Morris International Inc, Marlboro, Philip Morris International, LSEG, Swedish Locations: Shelbyville , Kentucky, U.S

☆ LVMH sales growth loses fizz as post-pandemic splurge wanes
▼ + stars: | 2023-10-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +3 min

People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due to rising inflation and economic turbulence. “After three roaring years, and outstanding years, growth is converging toward numbers that are more in line with historical average", LVMH chief financial officer Jean-Jacques Guiony told analysts. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is the first major global luxury firm to report earnings this quarter and gives investors an insight into what to expect from rivals.

Persons: Louis Vuitton, Marco Bello, Jean, Jacques Guiony, Tiffany, Bulgari, Hennessy, Luca Solca, Bernstein, Guiony, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, U.S ., Thomson Locations: Miami , Florida, U.S, United States, Europe, China

Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.

Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine

In both cases the outcome would push the Fed from that "golden path" onto a far more familiar one: An economy buckling as borrowing costs rise and confidence wanes. "I don't think it is unavoidable" that joblessness will have to rise significantly for inflation to return to target, Dallas Fed President Lorie Logan said on Monday. But the most important thing is that we stay focused on restoring price stability, and I think that will require some rebalancing in the labor market." Her look at past periods of inflation and disinflation makes her think the labor market may still need a shock for the Fed to succeed. "As nice as it is to see a really strong labor market, when you are trying to get inflation down, that's not your friend."

Persons: Lorie Logan, Philip Jefferson, Austan Goolsbee, Jefferson, Christina Romer, Romer, Goolsbee, that's, Howard Schneider, Ann Saphir, Dan Burns, Paul Simao Organizations: DALLAS, Federal, National Association for Business Economics, Dallas, Chicago Fed, Treasury, University of California, White House's Council, Economic Advisers, Fed, Thomson Locations: U.S, Dallas, Israel, Palestinian, Berkeley

☆ 'Shark Tank' star Daymond John looks to boost Black entrepreneurs for a fourth year
▼ + stars: | 2023-10-10 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Leon Bennett | Filmmagic | Getty Images"Shark Tank" star Daymond John is looking to give Black business owners a boost for the fourth year running. The FUBU CEO's Black Entrepreneurs Day, billed as a celebration of Black business, will return Nov. 1. Black Entrepreneurs Day was launched later that year to "celebrate" Black business owners amid a focus on systemic racism and economic inequities. Many of the companies standing behind Black Entrepreneurs Day have launched initiatives to support the Black community. This year, Black Entrepreneurs Day will feature a star-studded guest list including Goldberg, O'Neal, Cedric the Entertainer, Anthony Anderson and Rick Ross, to discuss their journey as Black entertainers and entrepreneurs.

Persons: Daymond John, Radhika Jones, Leon Bennett, John, Whoopi Goldberg, Shaquille O'Neal, George Floyd, Rodney King, JPMorgan Chase, Chase, what's, Goldberg, O'Neal, Cedric, Anthony Anderson, Rick Ross Organizations: Wallis Annenberg Center, Performing Arts, Filmmagic, Apollo, Black, CNBC, JPMorgan, Business, General Insurance Locations: Beverly Hills , California, Manhattan

☆ Russia says it deserves a seat on the UN Human Rights Council. It may have a shot
▼ + stars: | 2023-10-10 | by ( Richard Roth | ) edition.cnn.com time to read: +4 min

CNN —Russia is campaigning for a return to the United Nations’ Human Rights Council – after being suspended just last year for invading Ukraine. Russia’s war in Ukraine war is still grinding on, and several UN human rights investigations have accused Moscow of committing human rights abuses. The Human Rights Council is made up of 47 member states, distributed by geographic region and elected by fellow nations. Russia joined the Human Rights Council in January 2021. “Every day Russia and China remind us by committing abuses on a massive scale that they should not be members of the UN Human Rights Council,” Human Rights Watch UN director Louis Charbonneau said.

Persons: Vladimir Putin, Russia –, –, Louis Charbonneau, ”, Cuba –, Vassily Nebenzia, ” Jason Evans Organizations: CNN, United Nations, Human Rights, Ukraine wanes, Human, UN, Assembly, Security Council, Eastern European, Albania, UN Human Rights, Rights Watch UN, ” Locations: Russia, Ukraine, Moscow, New York, North Korea, UN, Gabon, Bulgaria, Libya, China, Cuba, Iran, Syria, Vietnam, Brazil, South Africa, Mexico, Egypt, Saudi Arabia, Burundi, Russian, Kharkiv, Hroza

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