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☆ California Enacts First Statewide Gun and Ammunition Tax in U.S.
▼ + stars: | 2023-09-26 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: california

☆ Levi's 501 jeans are our 'No. 1 seller' in Asia, says CEO
▼ + stars: | 2023-09-26 | 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 EmailLevi's 501 jeans are our 'No. 1 seller' in Asia, says CEOChip Bergh, CEO of Levi Strauss, tells CNBC's Christine Tan what makes the Levi's 501 jeans iconic and how the brand is evolving to stay connected with Gen Z consumers.

Persons: Chip Bergh, Levi Strauss, Christine Tan Organizations: Gen Locations: Asia

☆ Morning Bid: Bond crush stifles markets as $134 billion hits
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +6 min

The yield spike has supercharged the U.S. dollar worldwide - both a reflection and aggravator of mounting financial stress far and wide. As Deutsche Bank notes, this is historically significant territory as the average of the 10-year yield going back to 1799 is around 4.50%. The Treasury sells $48 billion in two-year notes on Tuesday, $49 billion in five-year paper on Wednesday and $37 billion in seven-year notes on Thursday. Minneapolis Fed Bank President Neel Kashkari said on Monday the Fed probably needs to raise borrowing rates further. Private sector bankers are starting to brace for the worst, with JP Morgan chief Jamie Dimon reported overnight as warning: "I am not sure if the world is prepared for 7% (Fed rates)."

Persons: Jose Luis Gonzalez, Mike Dolan, South Korea's, Sterling, haven't, Neel Kashkari, Said Kashkari, Austan Goolsbee, JP Morgan, Jamie Dimon, Christine Lagarde, China Evergrande, Michelle Bowman, Christina Fincher Organizations: REUTERS, Federal Reserve, U.S ., Bank of Japan, South, Treasury, Deutsche Bank, Minneapolis Fed, Chicago Fed, European Central Bank, ECB, Dallas Fed's, Chicago Fed's, HK, Richmond Fed, Dallas Fed, Philadelphia Fed, Costco, Cintas, Thomson, Reuters Locations: Ciudad Juarez, Mexico, U.S, Wall St, Asia, Europe, Philadelphia, Washington

☆ Food-truck owners from marginalized communities are cooking up success with cloud-based POS systems and analytics software
▼ + stars: | 2023-09-26 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +10 min

Today, these dynamic food trucks serve up gourmet delights and cater events, fueled by convenience and social media-driven connection. While the most apparent technology food-truck owners use is front-end POS systems, back-end technology is also essential. Food-truck owners face the challenge of frequent menu updates, often requiring them to recreate signage or hire someone for the task. This helps food-truck owners make informed decisions related to parking and operating hours, which significantly influences their sales performance. In fact, a 2022 study published by Elsevier found that location was a key challenge for food-truck owners, as it affected customer targeting, exposure, and financial sustainability.

Persons: —, IBISWorld, Let's Chow, Olivia, Luis Surla, Joselle's, Jordan Foley, Let's Chow Jordan Foley, Foley, Olivia Surla's, Sofiat, Abdulrazaaq, Lemaire Stewart, Kyle Miller, Goodfynd Organizations: Service, Food, Technology, Entrepreneurs, Joselle's, Pacific Islander, Goodfynd, Elsevier Locations: American, Annapolis , Maryland, San Diego, Pacific, Nigerian, Caribbean, Maryland

☆ My biggest mistake was not firing the wrong people fast enough, says Levi Strauss CEO
▼ + stars: | 2023-09-26 | 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 EmailMy biggest mistake was not firing the wrong people fast enough, says Levi Strauss CEOChip Bergh, CEO of Levi Strauss, tells CNBC's Christine Tan that it's ultimately "a people game."

Persons: Levi Strauss, Chip Bergh, Christine Tan, it's

☆ Morning Bid: Fed's hawkish pause keeps pressure on markets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

Global markets have been feeling the heat as U.S. bond yields surged and a strengthened dollar hit a six-month high following the Federal Reserve's hawkish tone last week. The euro zone central bank also struck a relatively dovish tone. But markets will have plenty of material to pore over this week as they try to glean future Fed moves. In the euro zone, ECB President Christine Lagarde kicks off a string of speeches and remarks this week. Markets are expecting that the euro zone's central bank is done hiking.

Persons: Jonathan Ernst, Brigid Riley, Neel Kashkari, Christine Lagarde, Francois Villeroy de Galhau, Isabel Schnabel, Fed's Neel Kashkari, Edmund Klamann Organizations: . Federal, REUTERS, Brigid, Brigid Riley Investors, Global, Federal Reserve, U.S, Minneapolis, China, HK, ECB policymaker, Bank of France, ECB, Thomson Locations: Washington, U.S, Europe, Britain, Switzerland, Japan, China, Hollywood

FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Christine Lagarde said rates would stay high because upward pressure on prices “remains strong” in the 20 countries that use the euro currency. “And yes, we know that 30% — 30% — of the households in the member states have variable interest rate mortgages. Analysts think the ECB may be done raising rates given signs of increasing weakness in the European economy. Higher rates are central banks' chief weapon against excessive inflation.

Persons: Christine Lagarde, “, ” Lagarde, ”, Lagarde Organizations: European Central Bank, European, ECB, Analysts, Bank of England, U.S . Federal Reserve Locations: FRANKFURT, Germany, Russia, Ukraine

☆ Morning Bid: Shutdown, oil, auctions and China rankle
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +5 min

Even before U.S. markets kick off on Monday, China's ongoing property bust threw another curve ball at stocks markets there. Country Garden (2007.HK) fell more than 7% as investors nervously watch out for its latest dollar bond coupon payment on Wednesday. Fed aside, there were multiple domestic issues to trouble the horizon - not least a government shutdown next weekend. U.S. 10-year Treasury yields nudged back close to 16-year highs above 4.5% set last week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Kevin Wurm, Mike Dolan, China Evergrande, Charles Wang Zhonghe, Kevin McCarthy, Morgan Stanley, Neel Kashkari, Christine Lagarde, Isabel Schnabel, Bernadette Baum Organizations: U.S, Capitol, REUTERS, HK, hawkish U.S, Federal, Republicans, Treasury, Dallas Fed, Chicago Fed, Minneapolis Federal, European Central Bank, ECB, Reuters Graphics, Thomson, Reuters Locations: Washington , U.S, U.S, Wall St, China, HK, hawkish, St, Washington, ., California

☆ Chinese property sales for private developers have been 'quite dismal,' Knight Frank says
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese property sales for private developers have been 'quite dismal,' Knight Frank saysChristine Li, Knight Frank's Asia-Pacific head of research, says Country Garden "won't be the last" in the real estate sector to face default risks.

Persons: Knight Frank, Christine Li, Knight Frank's Locations: Knight Frank's Asia, Pacific

☆ Defeating inflation without high unemployment is still unlikely
▼ + stars: | 2023-09-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

And the US economy’s surprising resilience, despite 11 rate hikes, has raised hopes of a soft landing becoming a reality. “I’ve always thought that the soft landing was a plausible outcome, that there was a path to a soft landing,” he said. But historical records show that a soft landing has only occurred once in the 1990s, or perhaps even a handful of times. The US Commerce Department releases its final estimate of second-quarter gross domestic product. The US Commerce Department releases August data on household income, spending, and the Fed’s preferred inflation gauge.

Persons: it’s, Jerome Powell, Powell, “ I’ve, ”, “, Powell’s, ” “ Jerome Powell, ” Quincy Krosby, Krosby, ” Krosby, Matt Egan, ” Neil Bradley, “ We’ve, Read, Christine Lagarde, Michelle Bowman, Austan Goolsbee, Lisa Cook, John Williams Organizations: CNN Business, Bell, DC CNN, Fed, LPL, CNN, Corporate, US Chamber of Commerce, European Central Bank, Costco, Global, Board, Survey, US Commerce Department, Micron, Nike, US Labor Department, National Association of Realtors, Carnival Corp, University of Michigan, New York Fed, China’s National Bureau of Statistics Locations: Washington

☆ Frozen Russian assets should be taxed to fund Ukraine's rebuild, Treasury Secretary Janet Yellen says
▼ + stars: | 2023-09-22 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Janet Yellen signaled her support for a plan to tax profits made on frozen Russian assets this week, according to Bloomberg. Any money made would be used to help fund the reconstruction of Ukraine. The trading bloc's leaders want to levy any profits made on state-backed investments, and then use the money raised to help fund the rebuild of Ukraine. "This seems like a reasonable proposal," Yellen told the outlet. The money raised could be use to help fund the reconstruction of Ukraine.

Persons: Janet Yellen, ”, Yellen, Christine Lagarde Organizations: Bloomberg, Service, European Union, EU, Bank of Russia, European Commission, World Bank, United Nations, European Central Bank Locations: Ukraine, Wall, Silicon, Kremlin, Moscow's, France, Germany

Whether she was advocating for equal pay and racial justice or just scoring a rare goal off a corner kick, Megan Rapinoe was always unabashedly authentic during her soccer career. Rapinoe sobbed following the U.S. loss to Sweden at this summer's Women's World Cup, knowing it would be her final tournament with the national team. "I’ve just loved every moment of my career,” she said through tears at the World Cup last month in Australia. At the 2019 World Cup in France, Rapinoe scored six goals, including a penalty in the final against the Netherlands. Rapinoe led her team's long fight for equal pay with their men's national team, which started with an EEOC complaint back in 2016.

Persons: Megan Rapinoe, Rapinoe, I’ve, ”, “ I’ll, Kelley O'Hara, There's, Christine Sinclair, “ I’ve, We’re, she’s, ” Sinclair, She’s, Ballon, Megan, Lynn Williams, Donald Trump’s, “ She’s, Jill Ellis, Colin Kaepernick, —, ” Rapinoe Organizations: Portland, Chicago's, Rapinoe, University of Portland, Pilots, Portland Pilots, FIFA, Ballon d'Or, national, U.S, Soccer, House, San Francisco 49ers, Sweden, soccer's Locations: Sweden, Australia, U.S, United States, South Africa, Seattle, Portland, Canada, France, Netherlands, New York City

☆ Global central banks unite in "higher for longer" credo
▼ + stars: | 2023-09-21 | by ( Mark John | ) www.reuters.com time to read: +6 min

The so-called "higher for longer" mantra is now the official stance of the U.S. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Tapei. U.S. Federal Reserve policymakers had a similar message on Wednesday. Turkey's central bank confirmed its hawkish turn while in Asia, Taiwan's central bank flagged continued tight policy. Reuters Graphics"TIPPING POINT"Belgian central bank chief and ECB board member Pierre Wunsch - an early voice urging tougher central bank action to counter inflation from end-2021 - said on Thursday that monetary policy was now at the right level. That said, the prospect that global interest rates are pretty close to peak will be of huge relief to emerging economies suffering from heavy debt servicing loads.

Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann, BoE, Andrew Bailey, Pierre Wunsch, Wunsch, COVID lockdowns, Jerome, Powell, Krishna Guha, Howard Schneider, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, U.S . Federal Reserve, Bank of England, U.S . Federal, Swiss National Bank, South African Reserve Bank, People's Bank of, Reuters, ECB, Reuters Global Markets, Economics, Sterling, Swiss, United, Thomson Locations: Jackson Hole , Wyoming, U.S, Central, Oslo, Tapei, Europe, Norway, Sweden, Asia, People's Bank of China, Belgian, United States, Ukraine, Washington, Frankfurt, London, Stockholm, Zurich, Ankara

☆ Morning Bid: Fed leaves shoe dangling in policy parade
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +5 min

At least eight major central banks are meeting on Thursday. Central banks in South Africa and Turkey are also meeting. Futures now show the implied Fed policy rate for the end of next year at a new cycle high of 4.85% - up a whopping 35 basis points in just over a week. Key developments that should provide more direction to U.S. markets later on Thursday:* Bank of England policy decision; South Africa Reserve Bank policy decision, Central Bank of Turkey policy decision. European Central Bank President Christine Lagarde speaks* Philadelphia Fed's September business survey, U.S. weekly jobless claims, U.S. Aug existing home sales, U.S. Q2 current account estimate.

Persons: Sarah Silbiger, Mike Dolan, Jerome Powell, Goldman Sachs, Goldman, Jan Hatzius, Robin Brooks, Brooks, BoE, Christine Lagarde, Darden, Christina Fincher Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Swiss National Bank, Bank of, Fed, for International Finance, Treasury, Swiss, Africa Reserve Bank, Central Bank of, European Central Bank, Factset, Reuters, Thomson Locations: Washington ,, U.S, Norwegian, Bank of England, South Africa, Turkey, Central Bank of Turkey, Philadelphia

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - The deceptive use of artificial intelligence should be a priority for the Federal Trade Commission (FTC), three commissioner nominees said at a confirmation hearing Tuesday in show of bipartisanship on the popular issue. Ferguson was chief counsel to U.S. Senate Republican Leader Mitch McConnell from 2019 until 2021. Asked by Senator John Thune about the FTC's role in enforcing rules involving artificial intelligence, Slaughter said it was the FTC's job to pursue instances where laws against unfair and deceptive acts and practices were broken, whether or not artificial intelligence was used. A previous Republican FTC commissioner, Christine Wilson, quit this year and sharply criticized agency leadership.

Persons: Dado Ruvic, Rebecca Slaughter, Andrew Ferguson, Melissa Holyoak, Ferguson, Mitch McConnell, John Thune, Slaughter, Holyoak, Christine Wilson, Lina Khan, Diane Bartz, Aurora Ellis Organizations: REUTERS, Rights, Federal Trade Commission, Democrat, Senate Republican, Republican, Senate, FTC, Democratic, Thomson Locations: Virginia, Utah

☆ Carbon-Disclosure Rules for U.S. Companies Are Coming Sooner Than Expected
▼ + stars: | 2023-09-20 | by ( Paul Kiernan | Christine Mai-Duc | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/politics/policy/carbon-disclosure-rules-for-u-s-companies-are-coming-sooner-than-expected-aa1fd74d

Persons: Dow Jones

The new German central bank (Bundesbank) vice-president Claudia Buch poses during a photocall at the Bundesbank headquarters in Frankfurt, May 20, 2014. Buch, who has been the vice-president of Germany's central bank for 10 years after a career in academia, was chosen last week over Spain's Margarita Delgado, the European Parliament's preferred candidate. The EU Parliament will have a final say on the appointment on Wednesday at a vote scheduled for 1400 GMT. At the hearing, Buch said she would immediately resign from her role as an alternate if appointed as chief supervisor. ECB President Christine Lagarde said last week that the 26-member Governing Council followed the rules in Buch's selection.

Persons: Claudia Buch, Ralph Orlowski, Buch, Spain's Margarita Delgado, Joachim Nagel, Christine Lagarde, Marco Zanni, Frank Siebelt, Hugh Lawson, Alexandra Hudson Organizations: REUTERS, Central, Single, EU, ECB, Reuters, Council, Democracy Group, Alexandra Hudson Our, Thomson Locations: Frankfurt, FRANKFURT, Spain

Paris CNN —Britain’s King Charles and Queen Camilla will finally arrive in France for a state visit Wednesday, six months later than initially planned. The packed royal itinerary for the rescheduled three-day visit to Paris and Bordeaux, ending Friday, is largely unchanged save for a few additions. One new engagement will see Charles and Camilla rub shoulders with top athletes at an event highlighting the advantages of sports for young people. France's President Emmanuel Macron was forced to postpone the original royal state visit back in March. Ronny Hartmann/AFP/Getty ImagesFurssedonn-Wood agreed that the public can expect “a bit of substance” from the royal visit in France.

Persons: Paris CNN — Britain’s King Charles, Queen Camilla, Emmanuel Macron, Charles, Camilla, Brigitte Macron, Macron, ”, Queen Elizabeth II, French King Louis XIV, Ludovic Marin, reigniting, Christine Ockrent, Charles ’, ” Charles, Camilla’s, French –, Rishi Sunak, Sunak, ” Sunak, Nathan Laine, Chris Fitzgerald, Elizabeth II, Christian Poncelet, Eric Fefeberg, Scott Furssedonn, Wood, Craig Prescott, Prescott, Frank, Walter Steinmeier, Elke Budenbender, Ronny Hartmann, it’s, they’re, “, They’ll Organizations: Paris CNN, Rugby, Bibliotheque Nationale de, Mirrors, France, Getty, CNN, UK, ’, European Union, Bloomberg, French, Getty Images, British, Royal Holloway, University of London, “, CNN’s Royal Locations: France, British, Germany, Paris, Bordeaux, Franco, Bibliotheque Nationale de France, Ukraine, Sahel, Elysee, of Versailles, Versailles, “, AFP, French, New Delhi, Berlin, Salle, United Kingdom, Barbados, Eastern Caribbean, Europe, Royal

SANTA BARBARA, Calif. (AP) — Kevin Costner and his wife of nearly 19 years, Christine Baumgartner, have reached a settlement in their divorce. “Kevin and Christine Costner have come to an amicable and mutually agreed upon resolution of all issues pertaining to their divorce proceedings,” the couple said in a joint statement released Tuesday by the actor's publicist, Arnold Robinson. The agreement ends what had become a contentious court fight, and lets the couple avoid a trial that had been scheduled for December in a Santa Barbara County, California court. Baumgartner filed for divorce in May. Political Cartoons View All 1171 ImagesCostner and Baumgartner, a model and handbag designer, began dating in 1998 and married at his Colorado ranch in 2004.

Persons: — Kevin Costner, Christine Baumgartner, “ Kevin, Christine Costner, Arnold Robinson, Baumgartner, Costner, Oscar, ”, “ Bull Organizations: “ Locations: SANTA BARBARA, Calif, Santa Barbara County , California, Colorado, “ Bull Durham, ”

An Idaho man has contracted measles, and health officials are working to contact anyone who may have been exposed to the highly contagious disease. During his infectious period, the Idaho man spent time at the Boise airport on Sept. 13 and in the Nampa area on Sept. 14 and 15. Measles symptoms include fever, runny nose, cough and rash. Public health officials say people who have been exposed should call a health care provider and watch for symptoms for 21 days. It could take another week or so before health officials can determine if there are any other cases, she said.

Persons: ”, Christine Hahn, “, Hahn, ” Hahn Organizations: Idaho Department of Health, Welfare, Idaho Division, Public Health, Department of Health, U.S . Centers for Disease Control Locations: Idaho, United States, Boise, Nampa

☆ Maui Firefighters Took Lunch as Lahaina Blaze Seemed Dead. Then It Grew.
▼ + stars: | 2023-09-19 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/while-maui-firefighters-broke-for-lunch-the-wildfire-that-destroyed-lahaina-grew-f83c9dfd

Persons: Dow Jones Locations: maui, lahaina

☆ America is stuck in a greased-pig economy
▼ + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com time to read: +10 min

At the same time that prices were cooling off, the rest of the economy seemed to be holding up. And consumers were so intent on spending money to have a good time that cities let Beyoncé dictate public transit. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since.

Persons: it's, Jerome Powell, Mike Konczal, Konczal, we've, Price, proclivity, that's, Taylor Swift, we'd, Charles Evans, Christine Lagarde, Morgan, Jamie Dimon, Roosevelt, —, you've, Justin Simon, Jasper Capital, Linette Lopez Organizations: Consumers, Federal, Roosevelt Institute, Fed, Chicago Fed, European Central Bank, Census Locations: American, America, Jasper

☆ The Greased-Pig Economy: Higher Inflation, Stock Market Crash Possible
▼ + stars: | 2023-09-19 | by ( Linette Lopez | ) www.businessinsider.com time to read: +10 min

At the same time that prices were cooling off, the rest of the economy seemed to be holding up. In this greased-pig economy, stability depends on how confident investors and policymakers are that they're close to catching the pig. Moving in a messIn the messy economy the pandemic left us, it's not easy to pinpoint exactly why inflation has been so stubborn. CPI inflation peaked at 9% in June 2022 and has been going down steadily since. But with inflation still above the Fed's goal, it's clear we need to recalibrate some on the demand side still.

☆ Customers May Struggle to Get Clorox Wipes After a Damaging Cyberattack
▼ + stars: | 2023-09-19 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

A new market disruption is coming to grocery store shelves. In the coming weeks, just as flu season gets underway, shoppers could be peering into depleted spaces where their Clorox cleaning supplies once stood. In a filing with the Securities and Exchange Commission on Monday, the Clorox Company said it had identified unauthorized activity on some of its information technology systems and it was forced to process orders manually. “The cybersecurity attack damaged portions of the company’s IT infrastructure, which caused wide-scale disruption of Clorox’s operations,” it said. Clorox, a publicly traded company, said it expected to return to automated processing of orders next week.

Persons: ” Organizations: Securities and Exchange Commission, Clorox Company

☆ What Worries Delta’s Lead Meteorologist? Snow in Atlanta, Yes, but Also Volcanic Ash
▼ + stars: | 2023-09-19 | by ( Christine Chung | More About Christine Chung | ) www.nytimes.com time to read: +1 min

From thunderstorms and limited visibility to scorching temperatures and turbulence, the weather dictates when and where planes can fly. Severe weather is the leading cause of air travel disruptions in the United States. Aviation meteorologists plan for and around difficult conditions, crafting weather forecasts used to determine the nuances of flights, from altitude to optimal routes. Several major domestic carriers, including Delta Air Lines, have in-house meteorologists who monitor global weather 24 hours a day. In this cavernous and screen-filled room, Warren Weston, Delta’s lead meteorologist, recently spoke about the importance of data, the difference between surface weather and upper-air hazards, and how even one degree of temperature can change a flight plan.

Persons: —, Warren Weston, Delta’s Organizations: United States, Aviation, Delta Air Lines, Customer Locations: United, Delta, Atlanta

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