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☆ Morning Bid: Shot across the bow
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

The euro lost 1.5 cents as the news from Poland unfolded but has regained all of that since. European bourses have been less quick to rebound and remain in the red, with aerospace and defence stock outperforming. "Tighter money has not yet constrained business activity enough to seriously dent inflation," Bostic wrote on the Atlanta Fed's website. U.S. attention will turn to retail sales on Wednesday as October data is due for release alongside industry readings. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ China is easing its Covid measures. Here’s how market pros are playing it
▼ + stars: | 2022-11-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

China announced a shortening of its quarantine requirements last week, while simplifying travel rules and adjusting its monitoring regime. China has stood firm on its zero-Covid policy even as countries around the world adopt a "live with the virus" approach. Fund manager Brian Arcese believes the market reaction reflects the "underlying fundamentals that earnings will really start to improve." Meanwhile, Arcese, who is a portfolio manager at Foord Asset Management, said the firm has a China exposure of about 20%. It should benefit from the re-opening of China as tourism gradually recovers to pre-Covid levels," he added.

☆ Complexity for Marketers Has Meant Opportunity for Ad Agencies
▼ + stars: | 2022-11-14 | by ( Megan Graham | ) www.wsj.com time to read: +7 min

Their performance is striking compared with ad agencies’ plight five years ago: Facebook and Google had established direct relationships with marketers and were winning growing portions of their ad budgets before agencies could even offer their services. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. PREVIEWSome major owners of ad agencies watched their growth slow or flatten in 2017 and 2018. Agency companies have responded by building practices to help marketers on platforms like TikTok and Amazon. Marketers navigate outside partnersSome major marketers still want to keep a close handle on some of their data efforts.

☆ China’s property easing is minor capitulation
▼ + stars: | 2022-11-14 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 14 (Reuters Breakingviews) - Beijing has rolled out more measures to support its flagging real estate sector, including extending repayment periods, facilitating financing for developers and lowering mortgage down-payments. Real estate, contributing roughly a quarter of China’s $17 trillion of output, is a speculative monster that has cannibalised capital better used for other endeavours. Together with other easing steps announced since March, UBS estimates the new policies could contribute more than 1 trillion yuan ($142 billion) in fresh financing to the struggling industry. But if property must correct in the name of rebalancing, that makes boosting the rest of the economy more urgent. Measures include allowing real estate firms to defer repayment on some loans, and trust lenders are instructed to help finance companies seeking to complete rental housing construction or acquire other companies.

☆ If you want to land a job or get a raise in the tech industry, you have to past a test — and pretty much everyone is cheating on the exams
▼ + stars: | 2022-11-14 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

It was one in a long line of tech certifications that Bill freely acknowledges he earned, at least in part, by cheating. And he's far from alone: In the tech industry, it's an open secret that there are thousands, if not millions, of cheaters just like Bill. The rise of exam dumps for tech certifications could have devastating consequences. But the cheating is clearly having a corrosive effect on the tech industry, particularly the hiring process. But the perception that workers from poorer countries are more likely to be cheaters can also fuel racism against foreign-born tech workers.

☆ Goldman Sachs says buy these stocks ahead of a $2.6 trillion China reopening boom
▼ + stars: | 2022-11-11 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

This would be a boon for the stock market, according to Lau, who estimates that a full reopening could drive 20% upside for Chinese stocks. "While the reopening roadmap is still unclear, our reopening beneficiaries have outperformed the [MSCI China Index] by 20% since July," he said. Reopening beneficiaries The bank's list of reopening beneficiaries comprises 30 names it says are "well placed" to gain from the easing of social distancing and travel curbs. Here's what it found A third of the bank's list of reopening beneficiaries is made up of companies in the hotels, restaurants and leisure sectors. The stocks include casino operators Galaxy Entertainment and Sands China , food chain Yum China , as well as Trip.com .

☆ Housing affordability is so bad that it's the only thing liberal and conservative voters can agree on
▼ + stars: | 2022-11-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

On Tuesday, millions of voters nationwide casted ballots in favor of affordable housing measures. "It's especially heartening to see many ballot measures that support affordable housing pass this year with a clear majority of votes." Austinites aren't the only voters desperate for affordable housing. Kansas City voters gave the green light to a $50 million affordable housing bond that will create 2,000 units in the city. This year, lawmakers brought forward proposed affordable housing bonds via Measure U in Oakland, Measure L in Berkeley and Measure ULA in Los Angeles.

☆ Vodacom Tanzania says first half EBITDA down 4% yer-on-year
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

DAR ES SALAAM, Nov 11 (Reuters) - Vodacom Tanzania (VODA.TZ) said on Friday its earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 4% in the first half of the year, hurt by a drop in voice and mobile money transfer revenues. Tanzania's biggest telecoms operator, which is partly owned by South Africa's Vodacom Group Ltd (VODJ.J), said in a statement revenue for the first six months ended September 30 from its M-Pesa financial services operations fell 3% to 169.6 billion shillings ($73 million). Its voice revenues fell 2% to 143.8 billion shillings, while EBITDA fell to 154 billion shillings from 159.6 billion shillings in the same period last year, it said. ($1 = 2,329.0000 Tanzanian shillings)Reporting by Nuzulack Dausen; Editing by George Obulutsa and James Macharia ChegeOur Standards: The Thomson Reuters Trust Principles.

☆ Major ad firm Omnicom recommends clients pause Twitter ad spend - The Verge
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 11 (Reuters) - Advertising and marketing conglomerate Omnicom Group Inc (OMC.N) has recommended that clients pause their spending on Twitter in the short term, The Verge reported on Friday, citing an internal memo. Omnicom serves over 5,000 clients in 70 countries, including McDonald's Corp (MCD.N), Apple (AAPL.O) and Johnson & Johnson (JNJ.N). "The risk to our clients' brand safety has risen sharply to a level most would find unacceptable," the report added, citing the Omnicom memo. Last month, U.S. automaker General Motors Co (GM.N) said it had temporarily halted paid advertising on Twitter. read moreReporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Australia, Britain reach Billie Jean King Cup semis, Canada thump Italy
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

Storm Sanders dispatched Alison van Uytvanck 6-2 6-2 and Ajla Tomljanovic rallied from a set and a break down before Elise Mertens retired injured trailing 4-6 6-4 3-0 to earn Australia their second Group B win. Britain also booked a semi-final spot from Group C after Alicia Barnett and Olivia Nicholls sealed a surprise 3-0 win over Spain and they face Australia on Saturday. Heather Watson defeated Nuria Parrizas Diaz 6-0 6-2 and Harriet Dart earned a surprise victory over Paula Badosa 6-3 6-4. Canada crushed Italy 3-0 after Bianca Andreescu and Leylah Fernandez claimed impressive singles victories to get their campaign off to a perfect start. Katerina Siniakova and Marketa Vondrousova outclassed Polish duo Katarzyna Kawa and Magda Linette 6-2 6-3.

☆ Midterm elections live updates: Pennsylvania races, New Hampshire Senate race too early to call
▼ + stars: | 2022-11-09 | by ( Brandy Zadrozny | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | ) www.nbcnews.com time to read: +109 min

Share this -Link copiedWisconsin Senate and governor's races too early to call It is too early to call the Senate and gubernatorial races in Wisconsin, according to NBC News. Share this -Link copiedNew Hampshire Senate race too early to call The Senate race in New Hampshire is too early to call, according to NBC News. Share this -Link copiedPennsylvania Senate and governor races are too early to call After polls closed at 8 p.m. While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. According to the poll, 46% of voters said their family’s financial situation is worse than it was two years ago. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

While Maricopa County election officials initially categorized the problem as a "hiccup," it took hours before a solution was identified early Tuesday afternoon. An adjucation board reviews ballots at the Maricopa County Tabulation and Election Center on Tuesday in Phoenix. John Moore / Getty ImagesIn 2020, Joe Biden won Maricopa County by about 6,000 of the more than 2 million votes cast there. When Democratic Sen. Kyrsten Sinema won her seat in 2018, she did so with 50% of the statewide vote, including the 51% she took in Maricopa County. Maricopa County election officials responded that the tweet was inaccurate and "all voters are being served."

By the end of Election Day, approximately 21,000 total interviews will be conducted. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

How the midterm election outcome could impact Biden's agenda Nov. 8, 2022 02:02 Read the full story here. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

☆ Zimbabwe's new mineral royalty policy comes into force
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] A worker attends to machinery at a smelter plant at Anglo American Platinum's Unki mine in Shurugwi, Zimbabwe, May 16, 2019. The southern African country has struggled to capitalise on its significant mineral reserves and a resource boom due to policy uncertainty, a lack of ancillary industries to support mining, currency volatility and electricity shortages. The cash component of the royalties would be made up of 40% Zimbabwean dollars and 10% in foreign currency, according to the notice. Zimbabwe's royalty rates range between 5% for gold and platinum group metals and 10% for diamonds. The Zimbabwe Chamber of Mines, which represents major mining companies, has said it is not worried about the new royalty policy because it does not amount to an increase in existing royalty rates.

☆ Factbox: COP27: Which countries have offered 'loss and damage' funds?
▼ + stars: | 2022-11-08 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

While vulnerable countries say one-off commitments are no substitute for a fund to provide ongoing support, some praised Scotland's leadership in acknowledging the issue. AUSTRIAAustria will provide at least 50 million euros to tackle loss and damage over the next four years, the government said on Tuesday. IRELANDIrish PM Micheal Martin committion 10 million euros to the "Global Shield" initiative for 2023. Some vulnerable countries say that type of funding does not count as "loss and damage" money, which they say should compensate countries for unavoidable costs from disasters. Wealthy countries already provide funds to help countries adapt to climate change by preparing for worse weather impacts, although this funding has fallen short of promised amounts.

☆ Klopp says Liverpool relishing special rematch with Real Madrid
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - Juergen Klopp said he is expecting "something special" when Liverpool take on Real Madrid in the last 16 of the Champions League after last season's finalists were drawn to face each other again on Monday. Real defeated Liverpool 1-0 in May to win Europe's elite club competition a record-extending 14th time, having also beaten the Merseyside club in the 2017-18 final. Liverpool manager Klopp, whose side qualified second from Group A behind Napoli and have struggled for form in the Premier League, said the match against Real was a "proper Champions League" tie. "I know we have played Real Madrid in a couple of recent finals but it is not so often that our two clubs have met in a two-legged tie so now we can look forward to this happening," Klopp told Liverpool's website. Liverpool, who host the opening leg at Anfield in February, won their sixth European crown in 2018-19 and only Real and AC Milan (seven) have won more.

Progress since has been patchy, with only a few countries instituting more aggressive policies on deforestation and financing. Among the new sources of financing, Germany said it would double its financing for forests to 2 billion euros ($1.97 billion) through 2025. PRIVATE CASH PILES UPPrivate companies announced $3.6 billion in extra money. Other initiatives towards meeting the 2030 forest pledge also announced incremental progress at the opening of COP27. In September, the initiative announced standards that companies should follow to trace commodities and disclose links to deforestation.

☆ The K-pop ETF hasn't been doing well, but its creator says Korean content is at 'inflection point'
▼ + stars: | 2022-11-07 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Since its launch on Sept. 1, the KPOP and Korean entertainment ETF has not performed well — recently trading on the New York Stock Exchange Arca at $15.05 — a roughly 23% drop from its debut. Shares of Korean entertainment companies have been underperforming overall, with YG Entertainment's stock price down around 26% year-to-date and Hybe down more than 64% year-to-date. The fund is a 30-stock index, which includes entertainment companies that manage bands such as BTS, BlackPink, and Twice — their respective agencies being HYBE, YG Entertainment, and SM Entertainment. Shares of Korean entertainment companies have been underperforming overall. Johnny Nunez | Getty Images Entertainment | Getty Images

☆ Election officials combat voter intimidation across U.S. as extremist groups post armed militia at some polls
▼ + stars: | 2022-11-06 | by ( Rocio Fabbro | ) www.cnbc.com time to read: +4 min

Instead they are leading to voter intimidation complaints," Maricopa County election officials Bill Gates and Stephen Richer said in a joint statement the next day. But its presence caused unease among Maricopa County voters, who saw these "drop box watchers" as a blatant attempt at voter intimidation. Fears about voter intimidation and suppression have been brewing nationwide since the 2020 presidential election, when Trump refused to accept his loss and accused several states of voter fraud. Two in five U.S. voters said they were worried about threats of violence or voter intimidation at the polls, according to a new Reuters/Ipso poll. "There's an alarming rise in the number of people in this country condoning political violence or simply remaining silent," Biden said.

☆ In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
▼ + stars: | 2022-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +32 min

Others arrange clandestine meetings via Telegram to swap the stablecoin tether for U.S. dollars in order to buy groceries. In Jan., police raided a small crypto mining farm in the hydro-powered town of Jezzine, seizing and dismantling mining rigs in the process. But mining crypto tokens to earn a living is not for everybody. Younes tells CNBC that he initially moved 15% of his money into bitcoin, and he kept the remaining balance in cash. Lebanon has six bitcoin ATMs — one in Aamchit and five in Beirut, according to metrics offered by coinatmradar.com.

But the new era at Twitter could also be an opportunity for the company to redefine its brand for the better. But it remains unclear what Twitter under Mr. Musk will actually be, Mr. Calkins said. Twitter before Mr. Musk weathered a number of controversies that rattled some advertisers and users. But this is a potential inflection point for Twitter, Mr. Miller said. “I think the brand is irrevocably damaged, actually, unless and until Musk finds somebody else to run Twitter,” Mr. Kwittken said.

The research will look at whether the drug can effectively treat depression when other therapies have failed. COMPASS Pathways, a United Kingdom-based pharmaceutical company that focuses on psilocybin research, is conducting the study. Most psychedelics, including psilocybin, are illegal at the federal level in the U.S. No one knows for sure how it might work to treat depression. Nayak was also not involved with the COMPASS study, but does conduct research on psilocybin for other mental health conditions. A re-enactment of a COMPASS Pathways psilocybin therapy session.

☆ New Mexico House race wrangles oil and gas, climate change
▼ + stars: | 2022-11-01 | by ( Andrew Hay | ) www.reuters.com time to read: +4 min

Polls show issues like climate change and abortion are important but the economy may be the driving factor in a state that is one of the poorest in the country and also a top global oil producer. First-term Republican incumbent Yvette Herrell is known as a defender of the Permian Basin oil and gas sector, a region she represents. RIO GRANDE RUNS DRYSome voters in West Side and South Valley Albuquerque areas believe fossil-fuel-driven climate change is harming their quality of life and the livelihoods of farmers. Vasquez has been hit with attack ads saying his policies will cost the state tens of thousands of oil and gas jobs. Herrell, a target of the League of Conservation Voters and other green groups, said New Mexico's emission controls meant the state's oil and gas industry was far cleaner than foreign competitors and did not contribute to climate change.

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