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☆ Tesla and Truss, 5% and 150
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +4 min

A Tesla model 3 car is seen in their showroom in Singapore October 22, 2021. read more The latest European tech sector earnings on Thursday were downbeat, too. Bank of England Deputy Governor Ben Broadbent said the BoE would respond to changes in Truss's tax and spending policies. read moreKey developments that should provide more direction to U.S. markets later on Thursday:* European Union summit in Brussels* U.S. Oct Philadelphia business index. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Automakers need more time to meet U.S. minerals requirements for EVs -execs
▼ + stars: | 2022-10-19 | by ( Ben Klayman | ) www.reuters.com time to read: +5 min

"We believe it's unfair," he added, pointing out that none of the South Korean automaker's EVs qualify for the credit. Munoz said U.S. legislators should offer companies investing in the United States some type of waiver or a longer transition period. Automakers are trying to figure out how their vehicles will meet the new law's requirements to qualify for EV tax credits. Details of the act are still being ironed out and the U.S. Treasury is currently taking comments on how to implement the rules around the EV tax credits. "We're pretty well positioned," he said at the Reuters conference, citing the Detroit automaker's four U.S. battery plants the company has announced and its raw materials supply deals.

I no longer miss the “old” Kanye West, now known as Ye. I’m tired of hearing about the new Ye, and I wish we could stop talking about him altogether. Days before that, he appeared with far-right pundit Candace Owens flaunting “White Lives Matter” T-shirts during Paris Fashion Week. This includes to stopping asking for the “old Kanye” back. Chop up the soul Kanye, set on his goals Kanye.” At first, I sang the lyrics with hope that the “old Kanye” who once had such a hopeful swagger would return, that he would get past his ego and be born again as the creative powerhouse whose every move we followed with anticipation instead of dread.

☆ Turning to garbage dumps to survive, Argentines feel the pain of 100% inflation
▼ + stars: | 2022-10-13 | by ( Lucila Sigal | ) www.reuters.com time to read: +3 min

BUENOS AIRES, Oct 13 (Reuters) - Argentines facing an inflation rate set to top 100% this year are grappling to survive, turning to recycling from garbage dumps or lining up to trade their belongings in barter clubs. He said an increasing number of informal workers would come to the waste dump to find any items they could sell in the struggle to survive. But in recent years it has slid from one economic crisis to another and has struggled to keep inflation in check. Pablo Lopez, 26, who works in a small recycling center, said that the scars of rising prices were clear to see. "This inflation is a madness, you can see it here with the people who come to work that inflation hits us all," he said.

☆ Factbox: From property to bonds, four financial flashpoints for the euro zone
▼ + stars: | 2022-10-12 | by ( Francesco Canepa | ) www.reuters.com time to read: +6 min

Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/IllustrationFRANKFURT, Oct 12 (Reuters) - While a financial storm gathers nearby, the euro zone has so far been comparatively unscathed. Register now for FREE unlimited access to Reuters.com RegisterHere's a look at four possible flashpoints that are keeping investors and regulators awake at night: property prices, bank loans, government bonds and "shadow banks". REAL TROUBLEThe euro zone enjoyed a real-estate boom until last year, with home prices rising by some 40% since 2015 and commercial real estate prices up 26%. gross debt-to-income ratio for selected euro zone countriesSPREAD TOO THINThe rise in interest rates has raised fresh questions about one of the world's most indebted borrowers: Italy.

☆ Spanish fast car charger startup Zunder reaches 400 mln euro valuation
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

MADRID, Oct 11 (Reuters) - Zunder, a startup setting up and operating ultra-fast chargers for electric cars, reached a valuation of 400 million euros ($388.40 million) after its latest funding round, shareholder White Summit Capital said on Tuesday. Mirova, a fund manager associated to French bank Natixis, poured 100 million euros into Zunder in exchange for a 25% stake, White Summit's managing partner Pablo Pallas told Reuters on Tuesday. White Summit and other co-investors retain the control of Zunder. The company intends to invest 300 million euros by 2025 and expects to raise 100 million euros from bank financing and 100 million euros from EU rescue funds through grants from the Spanish government. ($1 = 1.0299 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Inti Landauro, editing by David LatonaOur Standards: The Thomson Reuters Trust Principles.

☆ Julio Torres Thinks Most Comedy Is Too Easy
▼ + stars: | 2022-10-10 | by ( David Marchese | ) www.nytimes.com time to read: +11 min

Mamadi Doumbouya for The New York Times Talk Julio Torres Thinks Most Comedy Is Too Easy“I think with me,” Julio Torres says, “it’s like I have some things that I want to show people that are incidentally funny. That’s if, as Torres suggests, comedy is even what he’s doing. I don’t think of comedians as always the most self-assured people. Torres with Cassandra Ciangherotti in “Los Espookys.” Pablo Arellano Spataro/HBOA lot of your comedy pivots on characters having an epiphany. But I feel it behooves me to learn more about the way things are made, the systems, the hierarchies, the business part of show business.

☆ A top Wall Street analyst says cannabis-banking reform is far more likely than many investors think. Here are the top 4 stocks he says to bet on.
▼ + stars: | 2022-10-05 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +3 min

Cantor Fitzgerald's Pablo Zuanic says a cannabis banking bill may pass before the end of the year. Passage of the SAFE Banking Act would give cannabis stocks a much-needed boost. A long-awaited cannabis-banking bill may pass in the lame-duck session of Congress this year, a top Wall Street analyst says. The bipartisan SAFE Banking Act is a narrow cannabis reform bill that would allow companies that sell or cultivate THC to access the banking system. Cory Booker and Ron Wyden, have previously opposed the SAFE Act proceeding ahead of more comprehensive, criminal-justice-focused cannabis reform.

Strengthening the case for another 75 basis point increase, German inflation jumped to 10.9% this month, far beyond expectations for a reading of 10%. "There is no easing in sight, and next year the inflation rate is only likely to fall because energy prices are unlikely to rise again as strongly as this year, partly due to government intervention," Commerzbank economist Ralph Solveen said of the German inflation figures. While few governors ventured to estimate where interest rate hikes could end, de Cos said that models suggest a significantly lower terminal rate than markets now expect. "On the basis of current information, the median terminal rate value across models is at 2.25%-2.50%," de Cos said. Rate hike talk is intensifying even as recession fears rise.

☆ ATP roundup: Maxime Cressy sweeps Sebastian Korda in Tel Aviv
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

September 29 - Fourth-seeded Maxime Cressy racked up 14 aces while posting a 6-4, 6-4 victory over Sebastian Korda in a battle of Americans in the second round of the Tel Aviv Watergen Open in Israel. Second-seeded Croatian Marin Cilic had 15 aces while recording a 6-7 (6), 6-2, 6-4 win over Austrian wild card Dominic Thiem. In another match of note, Constant Lestienne notched a 7-6 (2), 6-4 win over No. Shapovalov will next face Moldova's Radu Albot, who posted a 7-6 (3), 7-6 (3) victory over American Steve Johnson. Japan's Taro Daniel beat Ecuador's Emilio Gomez 6-4, 6-4.

☆ Morning Bid: Dysfunction and intervention
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +5 min

Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.

☆ MLB roundup: Cardinals, Yankees clinch division titles
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +9 min

Yankees right-hander Jameson Taillon (14-5) allowed two runs and seven hits in 7 1/3 innings. Brian Anderson had three hits and scored two runs for the Marlins, and Jacob Stallings hit a two-run single. Casas, who finished 3-for-4, clobbered a two-run homer in the second inning. Hunter Dozier hit a two-run homer for the Royals, who got two hits from Michael A. Taylor. Altuve went 3-for-4 with four runs, and Hensley contributed an RBI single and a two-run homer.

☆ All eyes are on DeSantis' relationship with Biden as Hurricane Ian approaches Florida. Here's how the previous 3 presidents worked (or didn't) with governors on disaster relief efforts.
▼ + stars: | 2022-09-28 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +10 min

Governors usually work directly with the White House during disasters, relying on the government for federal resources. Here's a look at how the last three presidents handled disaster relief efforts and how Biden could address this crisis with DeSantis. However, on Tuesday evening, White House Press Secretary Karine Jean-Pierre tweeted that Biden and DeSantis had spoken to discuss steps the federal government is taking to help Florida. Here's how the last three presidents worked with governors in their disaster relief efforts. Biden declared a state of emergency as the storm approached, ordering federal assistance to supplement disaster response efforts.

☆ Lacklustre United States held to 0-0 draw by Saudi Arabia
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Soccer Football - International Friendly - Saudi Arabia v United States - Estadio Nueva Condomina, Murcia, Spain - September 27, 2022 Sergino Dest of the U.S. in action with Saudi Arabia's Nawaf Al Abid REUTERS/Pablo MoranoMURCIA, Spain, Sept 27 (Reuters) - The United States were held to a 0-0 draw by Saudi Arabia in Murcia, Spain on Tuesday as they again struggled to create chances in their final friendly before the World Cup. A pair of brilliant saves from Matt Turner kept out a low shot in the first minute from Sultan Al Ghannam and a 70th-minute effort by Haitham Asiri. The U.S. will play in Group B with England, Iran and Wales at the tournament which begins on Nov. 20. Saudi Arabia face Group C rivals Argentina, Mexico and Poland in Qatar. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amy Tennery in New York; Editing by Toby Davis and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. The global LNG market has more than doubled in size since 2011, ushering in dozens of new entrants and the expansion of smaller players in Asia. The capital needed to trade the market soared after benchmark LNG prices rose from record lows below $2 per million British thermal units (mmBtu) in 2020 to highs of $57 in August. LNG spot prices price stood at $40.50/mmBtu then. 'DIFFICULT TO COMPETE'High LNG cargo prices are also widening energy poverty globally as some cargoes, initially destined for poorer nations, end up being diverted to European buyers.

Note: Data for 2020 is from June 2020 through May 2021; for 2021, it is from June 2021 through May 2022. Path of Hai Feng 718 over 365 days Encounters with Chinese fishing vessels Note: Data is from June 2021 through May 2022. Transshipment allows fishing vessels to stay at sea year-round Parked side by side, carrier vessels exchange fuel, crew supplies and the catch from fishing vessels. This allows fishing ships to fish for longer periods. Fish hold where fish is transported from Fender to maintain a safe distance between ships FISHING VESSEL CARRIER VESSEL Crane to transport catch from fishing vessel to carrier vessel Fish hold where fish is transported from Fender to maintain a safe distance between ships FISHING VESSEL CARRIER VESSEL Crane to transport catch from fishing vessel to carrier vessel Transshipment between a squid fishing vessel and a cargo carrier in the North Indian Ocean last year.

☆ Prepare to pay up to $17,000 over MSRP for these 15 cars with the worst dealer markups, including the Jeep Wrangler and Porsche Cayenne
▼ + stars: | 2022-09-23 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

On average, dealers are asking 10% above MSRP for new vehicles, according to a recent study by the car-shopping website iSeeCars. Compare that to pre-pandemic times, when salespeople would hand out aggressive discounts to move cars off of their lots. View of a used car dealership in Ridgewood, Queens New York on January 19, 2022. Pablo Monsalve/VIEWpress/Getty ImagesSource: iSeeCars

☆ Spaniard Alcaraz plots lengthy reign as men's No. 1
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

The Spaniard climbed to the top of the ATP rankings this month when he claimed his maiden Grand Slam title at the U.S. Open at Flushing Meadows. "One of my goals is to finish (the year) as number one," Alcaraz was quoted as saying by the ATP website. "I have several tournaments before the ATP Finals and we're going to give it our all," said Alcaraz. Novak Djokovic, a 21-time Grand Slam winner, lavished praise on Alcaraz, calling the Spaniard a "great addition" to tennis. Well, he's already realised the Grand Slam champion, so we can't speak about him as future, because he's already a present."

If Meloni wins, Sunday's election will hand Italy its most right-wing government since World War Two. German magazine Stern plastered its front page with a picture of Meloni under the banner: "the most dangerous woman in Europe". Macron has privately told EU officials he is concerned about a Meloni victory, according to sources aware of the conversations. rome-born meloni has a history of euroscepticism and shares Orban's anti-immigration views and the promotion of traditional family values. "This kind of 'sky is falling' narrative out there about the Italian election doesn't square with our expectations," one U.S. official said.

☆ Inflation is a global problem. Here’s how central banks are addressing it
▼ + stars: | 2022-09-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

In Turkey and Argentina, annual inflation rates are forecast to clock in at a whopping 80%. At least 75 have lifted their benchmark interest rates in the past year, increasing the price of credit across the world. In July, it instituted its second consecutive 0.75 percentage point interest rate increase, taking its benchmark rate to a range of 2.25% to 2.5%. The country is struggling with rampant inflation rate that rose to a 20-year high of nearly 80% in August. The country’s annual inflation rate slowed to 7% in August, below analyst forecasts of 7.3% and down from 7.6% in July.

Navy veteran Mark Frerichs is free after two and a half years of captivity in Afghanistan under a prisoner swap personally approved by President Joe Biden, a senior administration official told NBC News. The Taliban announced the deal overnight and Noorzai appeared at a news conference in Kabul. “This is a painful decision for any president to make,” the administration official said. In recent years, it has become clear that the Taliban wanted Noorzai’s freedom as a condition of releasing the American. “We are working very hard as a government not just to resolve current cases, but also to punish, and by punishing, deter future cases,” the senior administration official said.

☆ Ex-King Juan Carlos' attendance at queen's funeral draws scorn from Spanish left
▼ + stars: | 2022-09-19 | by ( Angus Macswan | ) www.reuters.com time to read: +4 min

- Leaders from around the world will attend the state funeral of Queen Elizabeth II. But Juan Carlos, who was related to the late Queen Elizabeth, received a private invitation to attend, a British government source confirmed. On Sunday, Juan Carlos, 84, and his estranged wife Queen Sofia were photographed at a reception in Buckingham Palace in London. A Spanish government source told Reuters that the Spanish Royal Household had led arrangements for Queen Elizabeth's funeral. Juan Carlos and Queen Elizabeth were related as both were great-great-grandchildren of Britain's Queen Victoria.

☆ Europe's severe drought is unearthing ancient artifacts from 'Spanish Stonehenge' to Emperor Nero's bridge
▼ + stars: | 2022-09-17 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +7 min

Receding water levels due to drought in Europe are unearthing old sites and artifacts. Since early 2022, Europe has experienced an extended period of unusually high temperatures and severe lack of rainfall. From megalithic monuments to ancient bridges, sites and artifacts continue to be unearthed by the 2022 drought in Europe. Pablo Blazquez Dominguez/Getty ImagesIn late July, receding water levels in Spain's Valdecanas reservoir dropped to 28% percent of its capacity, revealing the Dolmen of Guadalperal, dubbed "Spanish Stonehenge," Reuters reported. In June, receding water levels due to the intense drought resurfaced a sunken shipwreck of a World War II-era barge.

☆ The night the Lord of the Skies got away
▼ + stars: | 2022-07-22 | by ( Noah Hurowitz | ) www.businessinsider.com time to read: +38 min

It was May 1985, and Ramirez had only been with the Border Patrol for two and a half years. But he also knew that at the end of that road, just before the international port of entry, was a Border Patrol station. The Lord of the SkiesWithin a decade of that traffic stop, Amado would be the most significant drug trafficker in Mexico. It's the border," Ford told me recently when I reached him by phone. Ford and Amado didn't make a deal that night, but Ford said they agreed to "something tentative."

The House of Representatives on Friday voted for the second time on a bill to decriminalize cannabis. US lawmakers just voted for the second time to federally decriminalize cannabis. Among the Republicans who voted for the bill were Florida Rep. Matt Gaetz, California Rep. Tom McClintock, and Florida Rep. Brian Mast. Two Democrats voted against the bill: Rep. Chris Pappas of New Hampshire, and Rep. Henry Cuellar of Texas. It was updated on April 1, 2022 when the House of Representatives voted to pass the MORE Act a second time.

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