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☆ Colombia fight back to shock Brazil, Uruguay beat Messi's Argentina
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

Nov 17 (Reuters) - Brazil lost their second consecutive World Cup qualifier match as Colombia fought back to win 2-1 against the five-times champions, who dropped to fifth place in the South American standings on Thursday. Brazil started well and dominated early proceedings, taking the lead in the fourth minute through a strike by Gabriel Martinelli, assisted by Vinicius Jr.'s fine first touch pass. Diaz burst into tears as he dedicated the win to his father who was celebrating emotionally in the stands. Goals in each half from Ronald Araujo and Darwin Nunez gave Uruguay victory over Lionel Messi's Argentina in a nervy affair at the World Cup champions' Bombonera stadium in Buenos Aires. The visitors were the better side from start to finish and the win put them second in the standings on 10 points, two behind Argentina.

Persons: Luis Diaz, Gabriel Martinelli, Vinicius Jr, Alisson, Diaz, Ronald Araujo, Darwin Nunez, Lionel Messi's, Araujo, Emiliano Martinezm, Nunez, mightily, Messi, TyC, Fernando Kallas, Michael Perry, Simon Cameron, Moore Organizations: Liverpool, Real Madrid, Metropolitano, Argentina, URUGUAY OUTCLASS WORLD, BUENOS AIRES, South America, Uruguay, World, TyC Sports, Thomson Locations: Brazil, Colombia, Barranquilla, Rio de Janeiro, URUGUAY, BUENOS, BUENOS AIRES Argentina, Uruguay, Lionel Messi's Argentina, Buenos Aires, Venezuela, Ecuador

☆ The market is entering deep overbought territory, and these stocks could be due for a pullback
▼ + stars: | 2023-11-17 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Certain stocks, including Cintas and Chipotle Mexican Grill , may be due for a pullback as the market hovers close to overbought conditions, according to one popular metric. The broader market is on the cusp of entering overbought territory, however, according to Wolfe Research. A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. American Express , another company that has seen a boost in its stock price this week, could also be due for a pullback. Analysts covering the company forecast a 7.8% upside for its stock price, and just above 50% rate it a buy.

Persons: Thursday's, Jasper Bibb, TD Cowen, Ingersoll Rand Organizations: Nasdaq, Dow Jones, Wolfe Research, CNBC, Truist Securities, American Express, Barclays, Qualcomm, TransDigm, APA Corp, Marathon Oil, Marathon, APA, UBS, Kroger, Coterra Energy, Cisco Systems Locations: overbought

☆ Thanksgiving gas prices set to be the cheapest since 2020
▼ + stars: | 2023-11-17 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Just in time for the Thanksgiving holiday travel rush, gas prices are tumbling fast. This exceeds the typical seasonal drop in gas prices during the fall and leaves the national average at a 10-month low. If prices stay near current levels, this would be the cheapest gas price on Thanksgiving Day since 2020 when Covid-19 caused many Americans to stay off the roads altogether. GasBuddy projects the national average will slide to $3.25 a gallon or lower by Thanksgiving Day, marking the lowest priced Thanksgiving Day for fuel prices in three years. By comparison, gas prices stood at $3.57 a gallon on last year’s holiday following a year of notoriously high prices.

Persons: didn’t, GasBuddy, ”, Patrick De Haan, De Haan, ” De Haan Organizations: New, New York CNN, AAA, Labor, RBC Capital Markets, RBC, Federal Reserve, Drivers Locations: New York, Covid, China, Saudi Arabia, Israel

☆ Slovakia cruise past Iceland to qualify for Euro 2024
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Slovakia recovered from a goal down to beat Iceland 4-2 at home in Group J on Thursday, becoming the latest country to secure a place at next year's European Championship. Juraj Kucka equalised at the half-hour mark before Ondrej Duda completed the turnaround six minutes later, slotting home a penalty after Kristian Hlynsson fouled him. After the break, Slovakia dominated, with Lukas Haraslin scoring two minutes into the second half and completing his brace eight minutes later with a curled shot from the edge of the box. The victory ensures a top-two finish for Slovakia in Group J along with already-qualified Portugal. Reporting by Tommy Lund in Gdansk; Editing by Frank PingueOur Standards: The Thomson Reuters Trust Principles.

Persons: Iceland's Orri Oskarsson, Juraj Kucka, Ondrej Duda, Kristian Hlynsson, Lukas Haraslin, Gudjohnsen, Tommy Lund, Frank Pingue Organizations: Iceland, Thomson Locations: Slovakia, Portugal, Gdansk

REUTERS/Kim Kyung-Hoon Acquire Licensing RightsNov 17 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Asia Pacific economic data and policy calendar on Friday is very light, with only Malaysian third quarter GDP and current account reports scheduled for release. Ahead of the data the ringgit is trading around 4.6850 per dollar, near last month's 25-year low of 4.79 per dollar. Anyone hoping for market-moving news from the Asia Pacific Economic Cooperation forum in San Francisco will have been disappointed. The gathering of APEC leaders has been cordial and cooperative but, viewed through an economic and market lens, lacking any real substance.

Persons: Kim Kyung, Jamie McGeever, Joe Biden, Xi Jinping, Fed's Barr, Collins, Daly, Josie Kao Organizations: Nikkei, REUTERS, Treasury, Asia, Malaysian, Asia Pacific Economic Cooperation, APEC, CSI, Brent, Thomson, Reuters Locations: Tokyo, Japan, U.S, Asia Pacific, Asia, San Francisco, China, Malaysia

☆ Puka Nacua: From breaking records to LeBron James shoutouts, the ‘special’ rookie wide receiver
▼ + stars: | 2023-11-16 | by ( Manav Tanneeru | Ben Morse | ) edition.cnn.com time to read: +12 min

Nacua’s jersey has been placed in football’s shrine to all things great and good because of the historic beginning to his rookie NFL season. An already high-ceiling group, which included Cooper Kupp – the NFL’s receptions, receiving yards and touchdowns leader in 2021 – was searching for additional explosiveness. It couldn’t be any better,” Nacau told reporters after the Rams’ Week 1 victory in Seattle against the Seahawks. Over the next five weeks of the season, Nacua compiled 326 receiving yards off 25 catches and a touchdown. Nacua has 293 more receiving yards than the next rookie in the league, Jordan Addison.

Persons: –, Puka Nacua, Jaylen Waddle, Michael Owens, University of Washington –, Fesi Sitake, “, he’s, ” Sitake, Nacau, Sitake, ” –, Jaren Hall –, Minnesota Vikings – Nacua, Nacua, ” Nacua, Tyler Ingham, Puka, wasn’t, ‘, Cooper Kupp, Kupp, Sean McVay, ” Nacau, Earl Cooper, Odell Beckham Jr, Gary A, Vasquez, McVay, McVay effusively, it’s, ” McVay, Eric Yarber, Cooper, Atwell, Jefferson, Matthew, Stafford, Justin Casterline, Hallie Aiono, LeBron James, Jordan Addison, Harry, “ It’s, ” Organizations: CNN, Super Bowl, NFL, Pro Football Hall of Fame, Los Angeles Rams, Rams, Philadelphia Eagles, SoFi, Brigham Young University, BYU, University of Washington, CNN Sport, Clydesdale, Minnesota Vikings, Cougars, Boise State, Boise State Broncos, ”, Kupp, Seahawks, USA, Sports, Reuters Rams, San Francisco 49ers, “, that’s, Indianapolis Colts, Nacua, Colts, Dallas Mavericks Locations: Canton , Ohio, Utah, Nacua, Clydesdale, Scotland, Eastern Washington, Seattle

☆ Britain's Burberry hit by slowdown in luxury spending
▼ + stars: | 2023-11-16 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

LONDON, Nov 16 (Reuters) - Britain's Burberry (BRBY.L) said it was being hit by a global slowdown in luxury spending and it would struggle to meet its annual revenue forecast of low double-digit growth, with a knock-on impact on profit, if it continued. Demand in China, however, fell away in the second quarter from a strong bounce back from the impact of COVID lockdowns. Burberry said spending by Chinese luxury consumers had shifted overseas from mainland China. Tourist growth benefited European destinations, it said, with just over half of spending in the region coming from international visitors. But a weak performance in the Americas worsened in the quarter, with comparable store sales down 10%.

Persons: Burberry, Daniel Lee, Louis Vuitton, Tiffany, Yves Saint Laurent, Balenciaga, Richemont, Jonathan Akeroyd, Paul Sandle, James Davey, Kate Holton Organizations: Dior, Bottega, Cartier, Thomson Locations: China, Americas

☆ Using a stock replacement strategy to book some gains, but still benefit from a year-end bounce
▼ + stars: | 2023-11-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Both numbers topped estimates, and still the stock fell after hours, trading below $240 a share as of this writing. At nearly 9 times revenues and 45 times forward earnings estimates, PANW is not a cheap stock, moreover it is still up sharply on the year, and outperforming considerably. Stock replacement strategy One possibility is a stock replacement, selling one's stock holding and replacing that exposure with options. By using a call spread one can maintain some exposure to the upside in the event the stock bounces back. PANW YTD mountain Palo Alto Networks (PANW) CSCO on the other hand, by some measures at least, is a cheap stock, at just 13 times earnings.

Persons: PANW, we've, CSCO, Chuck Robbins, Scott Herren, ANET Organizations: Palo Alto Networks, Cisco, Verizon, Mobile, Comcast, Arista Networks, Broadcom, Flex, Nvidia, CNBC Locations: Palo

☆ Top Bitcoin watcher says he is seeing an encouraging rally in crypto
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop Bitcoin watcher says he is seeing an encouraging rally in cryptoMichael Sonnenshein, Grayscale, joins 'Fast Money' to talk a bounce back in cryptocurrency and what's next for the space.

Persons: Michael, what's Locations: cryptocurrency

☆ Pūteketeke: New Zealand crowns ‘bird of the century’ championed by John Oliver
▼ + stars: | 2023-11-15 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

CNN —The votes are in for New Zealand’s Bird of the Century poll and the winner by a significant margin, getting more than 290,000 votes, is the Australasian crested grebe, better known as the pūteketeke or the ‘puking’ bird championed by comedian and talk show host John Oliver. This 2022 photo supplied by the Royal Forest and Bird Protection Society shows puteketeke at Lake Ellesmere, south of Christchurch in New Zealand. To help spread the message and raise awareness, Oliver bought up billboards in New Zealand, Japan and the state of Wisconsin. “No bird on earth is more deserving of Bird of the Century than this one,” Oliver said on his show. “They are weird puking birds with colourful mullets.

Persons: John Oliver, “, ”, “ We’re, “ Pūteketeke, Peter Foulds, Young pūteketeke, Oliver, ” Oliver, Jimmy Fallon, What’s Organizations: CNN, Zealand’s, HBO, Royal, Bird Protection Society, AP, Wings Locations: kea, Lake Ellesmere, Christchurch, New Zealand, Royal, United Kingdom, Australia, Japan, Wisconsin

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ Comets that bounce around the universe could be delivering the ingredients for life to alien planets
▼ + stars: | 2023-11-15 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

They could also have delivered similar building blocks of life to other planets. Scientists at Cambridge University propose that comets may "bounce" around the universe, carrying the essential ingredients to create life on alien worlds. They specifically looked at systems carrying rocky planets around low-mass stars — stars that are smaller than our sun. AdvertisementStill, Bonsor said the research suggests a low-mass planetary system is less likely to carry life than a system with a brighter star. "We're all super excited in the community about the fact that we can find habitable zone planets around low-mass stars.

Persons: —, Richard Anslow, it's, Amy Bonsor, Bonsor, she's Organizations: Service, Cambridge University, Cambridge's Institute of Astronomy, University of Cambridge, Royal Society

☆ Solar stocks could rebound in 2024 after a brutal year but interest rates will make or break the recovery
▼ + stars: | 2023-11-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Solar stocks could rebound in the second half of 2024 after taking a beating this year, though the industry's recovery depends largely on whether the Federal Reserve raises interest rates again. The rally comes as the residential solar industry looks toward the end of a rough year, with demand softening significantly as repeated rate hikes made installations unattractive for consumers. "The big headwind is interest rates," said Julien Dumoulin-Smith, a stock analyst who covers clean energy for Bank of America. Inventory problem The residential solar companies misread the market this year after a record 2022. The residential solar stocks will probably be broadly revisited on the buyside sometime around the spring of 2024, Blanchard said, though this also depends on what the Federal Reserve does with interest rates.

Persons: SolarEdge, Julien Dumoulin, Smith, we're, Corinne Blanchard, Blanchard, Wood Mackenzie, Jerome Powell, Goldman Sachs, James West, orderbook, West Organizations: Federal Reserve, Treasury, Bank of America, Deutsche Bank, Federal, Golden State, Utilities, Evercore ISI Locations: Dumoulin, California, Golden

DENVER (AP) — A Colorado judge on Wednesday will hear closing arguments on whether former President Donald Trump is barred from the ballot by a provision of the U.S. Last week, the Minnesota Supreme Court dodged the question of whether the provision applies to Trump, who is so far dominating the Republican presidential primary. It dismissed a lawsuit to toss him off that state's primary ballot by saying that political parties can allow whomever they want to qualify for primaries. Political Cartoons View All 1250 ImagesOn Tuesday, a Michigan judge dismissed another lawsuit seeking to bounce Trump from that state's primary ballot with a more sweeping ruling. They argued Trump “incited” the Jan. 6 attacks and presented dramatic testimony from police officers who defended the Capitol from the rioters.

Persons: Donald Trump, “, Sarah B, Wallace, disqualifies Trump, Trump, Jared Polis, ” Wallace, Trump “ Organizations: DENVER, U.S ., U.S . Capitol, Trump, Constitution, Republican, Congress, Citizens, The Colorado ,, Democratic Gov, Capitol, Colorado Supreme, U.S, Supreme Locations: Colorado, Minnesota, Michigan, Washington, The Colorado, The Colorado , Michigan

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ EU loophole lets banks dodge ECB's crypto supervision, needs fixing -Enria
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

He warned the EU's framework placed banks' activity as a 'crypto-asset service provider' -- such as acting as a custodian for customer wallets, exchanging tokens or managing crypto portfolios -- outside of the ECB's purview as a banking supervisor. "In fact, if crypto-asset service providers controlled by banks are not within the scope of their prudential consolidation, the BCBS standard and especially the exposure limit may become ineffective." He added crypto asset service providers should be added "as a matter of urgency" to the list of financial institutions that the ECB supervises under EU rules. MiCAR entered into force at the end of June and will take full effect by the end of next year. The Basel Committee's global standards on exposures to crypto assets are due to be transposed into EU law by Jan. 1, 2025.

Persons: Dado Ruvic, Andrea Enria, Enria, MiCAR, Jan, Claudia Buch, Francesco Canepa, Susan Fenton Organizations: REUTERS, Rights, Central Bank's, Banking, ECB, prudential, EU, Thomson Locations: EU, Venice, Basel

☆ JPMorgan's stock guru Kolanovic says don't buy the market bounce, stocks are overvalued and consumer is in trouble
▼ + stars: | 2023-11-14 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

The S & P 500 is up more than 7% in November, but JPMorgan wrote to clients this week that the rebound is just a head fake. The biggest bank in the country thinks stocks are expensive and consumer spending is set to slow. Rather, "a significant part of this move was technical in nature, driven by momentum strategies and short covering." The hurdles for the stock market are manifold, according to JPMorgan. Instead, JPMorgan recommends a defensive posture in its model portfolio, underweighting stocks and bonds and overweighting cash and commodities.

Persons: Marko Kolanovic, Kolanovic, — CNBC's Michael Bloom Organizations: JPMorgan

☆ How to bet on a comeback in energy stocks, which look primed for a bounce
▼ + stars: | 2023-11-14 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

DMI (Directional Movement Index): DMI is composed of 3 lines, DI+ (green line), DI- (red line) and ADX (blue line). When the DI- (red line) is above the DI+ (green line), it indicates a downtrend which is what XLE is experiencing at the moment. Note that both DI- and DI+ are changing direction which provides further confirmation that XLE is turning around. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: ”, XLE Organizations: SPDR Energy, Exxon Mobil, Natural Resources, Valero Locations: oversold, Chevron, XLE

☆ More workers should be on PIPs, but they have to be used right first
▼ + stars: | 2023-11-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

AdvertisementYou were just told you're being put on a performance-improvement plan at work. Instead, she said, bosses need to be undertaking the essential and sometimes difficult work of coaching workers who need to beef up their performance. Ask about your chances of surviving a PIPNot all PIPs are necessarily well-intentioned efforts to help workers, of course. In many cases, workers have said they felt unfairly targeted by PIPs . AdvertisementFalcone said a good PIP, used judiciously, can help both sides.

Persons: they're, —, Jeanne MacDonald, MacDonald, Paul Falcone, he's, Falcone, Falcone doesn't, He's, yank —, Danna Greenberg, It's Organizations: Service, Korn, Workers, Babson College

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 525 shares of EMR, decreasing its weighting in the portfolio to 1.61% form 1.84%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Tuesday's outsized, Emerson, we'll, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson Electric, Treasury, Federal, National, CNBC, Emerson Locations: Marshalltown , Iowa

☆ Goldman Sachs wants to build the 'Pinterest for capital markets.' Here's how the bank is aiming to win more trades from its biggest institutional clients.
▼ + stars: | 2023-11-14 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

On Tuesday, the bank launched a customizable dashboard designed to help Goldman's institutional investor clients understand the state of financial markets. Currently, that's somewhat of a messy and manual process spread across several platforms, Chris Churchman, Goldman Sachs partner and head of Marquee, told Insider. Banks like Goldman Sachs benefit from more complex trades, like a complicated derivative with legs and hedges, that require more work. Goldman Sachs Marquee MarketView is accessible on desktop and mobile. "What clients have said to me is, you basically created Pinterest for capital markets, or you're creating a social network for capital markets," Churchman said.

Persons: Goldman Sachs, Chris Churchman, Goldman, Banks, Churchman, There's Organizations: Business, Bloomberg, Citadel Securities, Bank of Japan Locations: MarketView, FactSet

☆ Euro zone should not ease bank buffers, ECB says
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

European Central Bank (ECB) Vice-President Luis de Guindos arrives at the Presidential Palace for a meeting with Cyprus President Nikos Christodoulides in Nicosia, Cyprus, October 4, 2023. REUTERS/Yiannis Kourtoglou/File Photo Acquire Licensing RightsFRANKFURT, Nov 13 (Reuters) - Euro zone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease the pain, European Central Bank Vice President Luis de Guindos said. A potential concern is that the euro zone economy has been broadly stagnating all year and any recovery next year will be shallow, keeping growth below 1%. "It is likely that the euro area economy will remain subdued in the near term." On the prospects for interest rates, de Guindos said the ECB would have more information in December "to reassess the inflation outlook and required policy action".

Persons: Luis de Guindos, Nikos Christodoulides, Yiannis, de Guindos, Guindos, Balazs Koranyi, Francesco Canepa, Emelia Sithole Organizations: European Central Bank, Cyprus, REUTERS, Rights, ECB, Thomson Locations: Nicosia, Cyprus, Germany, France, Netherlands

☆ India's Kuldeep expects tough semi-final for bowlers in Mumbai
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 13 (Reuters) - Indian spinner Kuldeep Yadav expects the bowlers to have a tough time at Mumbai's batsman-friendly Wankhede Stadium when the hosts take on New Zealand in their World Cup semi-final on Wednesday. Unlike in Twenty20, the bowlers have plenty of time to come back into the game," Kuldeep told reporters on Sunday after India beat the Netherlands. "But yes, you need a couple of early wickets to get on top of the game and the opponents." "Our preparation has been good and we've been able to play good cricket throughout the tournament. Kuldeep has claimed 14 wickets during India's run of nine straight victories at the tournament.

Persons: Kuldeep Yadav, Glenn Maxwell, Kuldeep, We've, we've, Shrivathsa Sridhar, Ed Osmond Organizations: New Zealand, England, Bangladesh, Sri, Afghanistan, India, Thomson Locations: BENGALURU, New, Africa, India, Sri Lanka, Australia, Netherlands, Zealand, Bengaluru

☆ 'The hard part is over': Here's what Goldman Sachs sees in the year ahead as markets and the economy return to pre-2008 conditions
▼ + stars: | 2023-11-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Goldman Sachs said the economy and investing landscape is returning to a pre-2008 environment. Conditions are normalizing as the end of ultra low rates ends andNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a note to clients this week titled, "The Hard Part Is Over," Goldman strategists led by Jan Hatzius highlighted that economies around the world have outperformed even optimistic expectations through 2023. Despite their relative optimism, Goldman strategists said they see "higher-than-normal risks" for 2024. Goldman Sachs says its probability-weighted fed funds forecast is below its modal baseline forecast Goldman SachsThere are also downside risks around growth, the bank said.

Persons: Goldman Sachs, —, Goldman, Jan Hatzius, Hatzius, Charles Schwab, Goldman Sachs Goldman Sachs, disinflation Organizations: Service, Goldman, Federal Reserve Locations: Europe

☆ Take Five: That rate cut trade
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Nov 10 (Reuters) - Markets are keen to trade rate cuts and big central banks are pushing back, shining a new light on upcoming data in that tug of war. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. Reuters Graphics Reuters Graphics3/ ONCE BITTENThe robust dollar suddenly appears vulnerable to the push and pull in the market's Fed rate cut bets. The data could also help justify, or challenge, recent remarks from BoE chief economist Huw Pill that mid-2024 could be the time for rate cuts.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Danilo Masoni, Alun John, Dhara, Jerome Powell, Ping, Powell, Rishi Sunak, Sunak, BoE, Huw Pill, Sumanta Sen, Pasit, Riddhima Talwani, Prinz Magtulis, Jayaram, Dhara Ranasinghe, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, Traders, Reuters, Beijing, Reuters Graphics Reuters, Bank of England, Thomson Locations: New York City, U.S, China, New York, Tokyo, Milan, London, Washington, September's, Germany, Europe, ITALY, Italy

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