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CNN —Abortion rights are on the ballot Tuesday as Americans head to the polls for state and local races that will set the stage for next year’s presidential election. (Both oppose abortion rights.) Abortion (literally) on the ballot in OhioThe 2022 midterm elections showed that when abortion rights are on the ballot, voters overwhelmingly favored protecting or expanding access. This is the only abortion rights ballot initiative before voters this year. Though not explicitly on the ballot, abortion has featured prominently in the campaign, with Beshear arguing that Cameron will double down on the commonwealth’s already harsh restrictions.

Persons: Roe, Wade, Tate Reeves, Democrat Brandon Presley, Reeves ’ foibles, Elvis Presley, –, Former City Councilmember Cherelle Parker, Sheila Jackson Lee, Sen, John Whitmire, Gabe Amo, Republican Gerry Leonard, David Cicilline, Glenn Youngkin, Youngkin, He’s, he’s, what’s, don’t, hasn’t, Court’s Dobbs, Mike DeWine, —, Andy Beshear, Daniel Cameron, Beshear, Cameron, John Fetterman, Mehmet Oz, Daniel McCaffery, Max Baer, Carolyn Carluccio, Brett Favre, Brandon Presley, Presley, Reeves Organizations: CNN, Democrats, Republicans, Court, Democrat, Republican Gov, Former City, Republican, Democratic, Rep, House, Virginia Gov, Senate, Delegates, PAC, Kentucky, Kentucky Kentucky Gov, GOP, Trump, Beshear, Black Republican, Pennsylvania Democrats, NFL, Mississippi Public, Black, Southern Democrats, Southern Democrat, NJ Democrats, New York GOP, New Jersey Legislature, New York City Council Locations: Kentucky , Pennsylvania, Virginia, Ohio, Ohio –, Mississippi, Pennsylvania, New Jersey, New York, Philadelphia, Houston, Rhode Island, state’s, Richmond, Kentucky Kentucky, Kentucky, Southern, Presley . Mississippi, NY, Gotham

☆ The global freight recession will continue in 2024: CNBC Supply Chain Survey
▼ + stars: | 2023-11-07 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

watch nowThe global shipping industry has been mired in a freight recession this year and the challenging economic conditions will continue into 2024, according to a new CNBC Supply Chain Survey. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. "Without more freight moving, 2024, and potentially 2025, will continue to see soft pricing as capacity outstrips demand," he said. Freight trucking will remain soft Trucking companies get paid per load, and low expectations for orders imply potentially lower revenue this holiday season. A slightly better second half 2024 outlook The survey shows expectations for a slight turnaround in freight volume in the second half of 2024.

Persons: Robinson, Kuehne, Nagel, Zhang Jingang, Alan Baer, Noah Hoffman, Jeff Bezos, Uber, Tim Robertson, Robertson, Brian Bourke Organizations: CNBC Supply Chain Survey, CNBC, Chain Survey, SEKO Logistics, DHL Global, USA, ITS Logistics, Getty, Logistics, C.H, Surface Transportation, Convoy, Tank Transport Locations: Qingdao, Shandong province, China

HARRISBURG, Pa. (AP) — Pennsylvania voters will make a decision with implications for the future of voting and abortion rights in a presidential battleground state when they choose the winner in Tuesday's election for an open state Supreme Court seat. McCaffery is a former Philadelphia prosecutor and judge who sits on a statewide appellate court, the Superior Court. McCaffery positioned himself as a defender of abortion rights and other rights that he said Democrats had fought for but were under threat from the U.S. Supreme Court’s conservative majority. Democrats also made abortion rights a key avenue to attack Carluccio. Carluccio said a debate over abortion rights didn’t belong in the race since state law makes abortion legal through 24 weeks.

Persons: Democrat Dan McCaffery, Carolyn Carluccio, Max Baer, Donald Trump, Joe Biden, Roe, Wade, McCaffery, Carluccio, Montgomery, —, Jeffrey Yass, Marc Levy Organizations: Democrat, Republican, Republicans, U.S Locations: HARRISBURG, Pa, Pennsylvania, McCaffery, Philadelphia, Montgomery, U.S .

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

Steve Beshear – faces Republican Attorney General Daniel Cameron, a protege of Senate Minority Leader Mitch McConnell. In Mississippi, Republican Lynn Fitch is seeking a second term against Greta Kemp Martin, the litigation director of Disability Rights Mississippi. Democratic attorney Lindsey Cheek won the other runoff slot by taking 23% of the all-party primary vote. In Mississippi, Republican incumbent Michael Watson is seeking a second term and should easily defeat Democrat Ty Pinkins. She will face Democratic attorney, accountant, and small business owner Gwen Collins-Greenup, who finished second in the primary.

Persons: — it’s, Kentuckians, Andy Beshear, Jeff Landry, Beshear, Steve Beshear –, Daniel Cameron, Mitch McConnell, Kentucky’s, He’s, Cameron, Tate Reeves, Brandon Presley, Elvis Presley, Presley, Reeves, Democrat hasn’t, Jim Hood, Glenn Youngkin’s, Winsome Sears, Youngkin, Phil Murphy, Democratic Sen, Robert Menendez, Joe Biden, Max Baer, Carolyn Carluccio, Daniel McCaffery, Donald Trump, wouldn’t, Roe, Wade, Ohio’s, Sen, Bernie Sanders of, Janet Mills, Russell Coleman, McConnell, Pamela Stevenson, Republican Lynn Fitch, Greta Kemp Martin, Fitch, Liz Murrill, Landry, Lindsey Cheek, Michael Adams, Buddy Wheatley, Adams, Michael Watson, Ty Pinkins, Shuwaski Young, Young, Kyle Ardoin, Nancy Landry, Gwen Collins, Greenup Organizations: Democratic Gov, Democratic, Republican, Gubernatorial, Gov, Lean Democratic, Republican Gov, Public Service Commission, Democrat, Mississippi, Public, Impact Research, Lean Republican, State Legislative, Virginia, GOP, Senate, Republicans, House, George Mason University, Assembly, , New Jersey Republicans, Pleas, Superior Court, Ohio, Sierra Club, AFL, of Commerce, Avangrid Inc, Trump, Air Force, Disability Rights Mississippi, State, Iraq Locations: Mississippi, Virginia, Republican . New Jersey, Garden, Pennsylvania, Ohio, Maine, In Kentucky, Republican Mississippi, U.S, Northern Virginia, Richmond, Hampton Roads, Washington, New Jersey, , New Jersey, Montgomery County, In Ohio, Bernie Sanders of Vermont, Massachusetts, Texas, Kentucky, Louisiana, State Kentucky, In Mississippi

SAN FRANCISCO (AP) — The San Francisco Giants are hoping a recent division rival can turn them back into a contender. Bob Melvin, a Bay Area native and former Giants player who also managed a decade in Oakland, was formally announced as San Francisco's new manager Wednesday. That completed a whirlwind few days in which the Giants received permission to interview him from the division rival San Diego Padres, where the veteran skipper had one more year on his contract. “I could not be more excited to come back to the Bay Area and manage this great organization,” Melvin said in a statement. “Bob Melvin is one of the most well-respected managers and people in baseball today,” said Giants President of Baseball Operations Farhan Zaidi.

Persons: Bob Melvin, “, ” Melvin, Greg Johnson, Farhan Zaidi, Larry Baer, Melvin, Gabe Kapler, Kapler, ”, Bob, I’m Organizations: FRANCISCO, San Francisco Giants, Area, Giants, San Diego Padres, Padres, University of California, hometown Giants, Dodgers, NL, of Baseball Locations: Oakland, Bay, Arizona, Seattle, San Diego, Palo Alto , California, Berkeley

CIRCLEVILLE, Ohio (AP) — As Jadarrius Rose drove his 18-wheeler through rural Ohio, a simple missing mudflap caught the highway patrol’s eye. The trip ended with a police dog’s powerful jaws clamping down on Rose even as he tried to surrender. For some, the scenes harken back to the Civil Rights Movement, when authorities often turned dogs and firehoses on peaceful Black protesters marching for equality. A TROUBLED HISTORYCircleville, located about 25 miles (40 km) south of Columbus, Ohio, resembles many rural towns across the country. For those working to improve race relations in Ohio, the roadside attack was a reminder of all that is still left to do.

Persons: Jadarrius Rose, Rose, “, Walter Gadsden ., Derrick Holmes, ” Holmes, Holmes, ”, ’, David Haynes, Haynes, Circleville’s, Shawn Baer, —, Madalyn Wasilczuk, ” Wasilczuk, Wasilczuk, It’s, Michael Gould, ” Gould, Ryan Speakman, Councilwoman Caryn Koch, Esterline, “ I’m, Nana Jones, Rhonda Shafner, Aaron Morrison, Mike Schneider, Samantha Hendrickson Organizations: Investigations, Civil Rights Movement, Associated Press, U.S . Records, Highway Patrol, FBI, Baptist Church, ”, . Police, University of South, Police Canine Force, Circleville Police, Ohio Patrolman’s Benevolent, AP, Columbus, NAACP Locations: CIRCLEVILLE, Ohio, Belgian, Birmingham , Alabama, Salt Lake City, Woodson Terrace , Missouri, Lafayette , Indiana, Columbus , Ohio, Americas, Southern U.S, University of South Carolina, New York City, Rose, Circleville, New York, Orlando , Florida

Based on International Monetary Fund data on comparative international investment positions through the early part of this year, U.S. portfolio investment overseas - equity, fund shares and debt securities - stood at more than $14.5 trillion. US funds shy of overseas equityUS economic growth roaring at more than 5%US expensive for a reason? The upshot could be an ever wider U.S. deficit on its net international investment position - potentially lifting the dollar as that inflates, but leaving it vulnerable to the yawning gap and foreign investor sentiment down the road. IMF chart on US net international investment deficitUS stocks lead the packThe opinions expressed here are those of the author, a columnist for ReutersEditing by Josie KaoOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, that's, it's, Julius Baer's, Yves Bonzon, Josie Kao Organizations: New York Stock Exchange, REUTERS, Atlanta Federal, Monetary, ICI, Thomson, Reuters Locations: New York City, U.S, China, Gaza, Russia, Ukraine, Moscow, Washington, Taiwan, United States, Swiss, Switzerland, Germany

☆ What could break under higher-for-longer interest rates?
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Yet, the strain from interest rate hikes has just started to come through and with central banks signalling that rates will likely stay higher for longer, the notion of something "breaking" remains strong. Reuters Graphics Reuters Graphics1/ PROPERTY PAINNowhere is the impact of higher rates being felt more acutely than in real estate, still reeling from COVID-19. "We have many zombie companies in the United States and Europe from the low interest rates era, and I cannot imagine how they can survive now with high interest rates." Still, big question marks remain over their future, not least from a global property rout. Miller noted that European banks are also vulnerable given their bigger size relative to the economy that leaves them more exposed to risks from various pockets.

Persons: Jonathan Ernst, Heimstaden, Markus Allenspach, Julius Baer, Guy Miller, Miller Organizations: . Federal, REUTERS, Reuters Graphics Reuters, SBB, China Evergrande, HK, Federal, European Central Bank, Zurich Insurance, The Bank of Japan, Capital, Thomson Locations: Washington, Sweden, Europe, Stockholm, Berlin, CHINA, China, United States, Big U.S

☆ Gold steadies as investors brace for key cenbank verdicts
▼ + stars: | 2023-09-18 | by ( Brijesh Patel | ) www.reuters.com time to read: +2 min

Spot gold was flat at $1,923.40 per ounce by 09:59 a.m. EDT (1359 GMT). Non-yielding gold tends to fall out of favour among investors when interest rates rise. [USD/Chinese gold prices hit record highs last week, extending a months-long rally as consumers snap up the safe-haven asset to offset a depreciating yuan. "While the developments in China are worth watching, we currently do not believe that this will change the outlook for the gold market," said Julius Baer analyst Carsten Menke. Reporting by Brijesh Patel and Anjana Anil in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Edward Moya, CME's, Kazuo Ueda, Julius Baer, Carsten Menke, Brijesh Patel, Anjana Anil, Krishna Chandra Organizations: Wednesday, U.S . Federal Reserve, The Bank of, U.S, Treasury, Thomson Locations: requisitions, The Bank of England, China, Bengaluru

☆ Higher rates are earnings accretive for the S&P, Julius Baer says
▼ + stars: | 2023-09-13 | 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 EmailHigher rates are earnings accretive for the S&P, Julius Baer saysMark Matthews, managing director at Julius Baer, says "that sounds counterintuitive, but the average debt maturity of the large-caps is around seven years, so it's going to take a long time for these interest rates to start hurting them."

Persons: Julius Baer, Mark Matthews

The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. "The strength of the Swiss banks, of the Swiss economy, of the Swiss political system ... I think this is the foundation to be the preeminent number one financial place for cross border wealth management," he told the event. "Everyone is and wants to be in wealth management and everyone sticks to it, even those players who are not as efficient, not as effective as others." He declined to comment on speculation linking Julius Baer with Swiss bank EFG International (EFGN.S).

Persons: Julius Baer, Arnd, Julius Baer's, Philipp Rickenbacher, Rickenbacher, Noele Illien, John Revill, Tomasz Janowski Organizations: REUTERS, Rights, Reuters, UBS, Credit Suisse, Swiss, EFG, Thomson Locations: Zurich, Switzerland, Swiss, United States

The back-and-forth came in the federal government’s first monopoly trial since it tried to break up Microsoft more than two decades ago. If Google wins, it could act as a referendum on increasingly aggressive government regulators, raise questions about the efficacy of century-old antitrust laws and further embolden Silicon Valley. The Justice Department has filed a second lawsuit against Google over its advertising technology, which could go to trial as early as next year. The Federal Trade Commission is separately moving toward a trial in an antitrust lawsuit against Meta. Investigations remain open in efforts that could lead to antitrust lawsuits against Amazon and Apple.

Persons: Judge Amit P, Mehta, ”, Bill Baer, Biden Organizations: Microsoft, Google, U.S, District of Columbia, Justice Department, The, Federal Trade Commission, Meta, Amazon, Apple

☆ Singapore seizes money launderer's assets in Swiss banks in S$1.8 billion case
▼ + stars: | 2023-09-06 | by ( Chen Lin | ) www.reuters.com time to read: +2 min

The Straits Times Illustrations/Cel Gulapa via REUTERS/File Acquire Licensing Rights Read moreSINGAPORE, Sept 5 (Reuters) - Police in Singapore investigating a major money laundering operation have seized S$125 million ($91.79 million) from the bank accounts of one of ten foreign suspects accused in the case. The total value of assets seized by investigating authorities now stands at S$1.8 billion, according to prosecutors. The scale of the money laundering operation has shocked the wealthy Asian financial hub, and raised concerns over whether there are loopholes in its financial system. A state court denied bail for two of the accused foreigners, Wang Baosen and Su Baolin, on Wednesday. ($1 = 1.3618 Singapore dollars)Reporting by Chen Lin in Singapore; Additional Reporting by Yantoultra Ngui; Editing by Simon Cameron-Moore and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Su Baolin, Su Haijin, Chen Qingyuan, Su Wenqiang, Lin Baoying, Zhang Ruijin, Wang Dehai, Su Jianfeng, Vang Shuiming, Wang Baosen, Bank Julius Baer, Julius Baer, Chen Lin, Yantoultra Ngui, Simon Cameron, Moore, Jan Harvey Organizations: The Straits, REUTERS, Police, Turkish, Credit Suisse Singapore, Bank, Credit Suisse, Thomson Locations: Singapore, SINGAPORE, Vang

☆ Hans Niemann reinstated by Chess.com, vows to become ‘best chess player in the world’ after alleged cheating scandal
▼ + stars: | 2023-08-30 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —American chess grandmaster Hans Niemann has been reinstated by Chess.com following the conclusion of a legal dispute between Niemann, Magnus Carlsen and the online platform, among others. In June, a US judge dismissed a $100 million defamation lawsuit filed by Niemann against Chess.com, five-time world champion Carlsen, and popular streamer and player Hikaru Nakamura. This followed an alleged cheating scandal surrounding Niemann which rocked the sport last year. “I am pleased that my lawsuit against Magnus Carlsen and Chess.com has been resolved in a mutually acceptable manner, and that I am returning to Chess.com,” Niemann said in a video posted on X, formerly Twitter. According to Niemann’s dismissed lawsuit, the dispute began in September 2022 when then world champion Carlsen accused Niemann of cheating at the Sinquefield Cup in St. Louis, Missouri.

Persons: Hans Niemann, Niemann, Magnus Carlsen, Chess.com, Carlsen, Hikaru Nakamura, ”, Hans, ” Chess.com, “, ” Niemann, Magnus, Niemann’s, José Mourinho, ” Carlsen, Pavel Mikheyev, Julius Baer, Nakamura Organizations: CNN, Chess.com, Niemann, Louis Chess Club, YouTube Locations: American, Chess.com, St, Louis , Missouri, Kazakhstan

☆ Rising labor costs are making AI stocks even more attractive
▼ + stars: | 2023-08-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

AI stocks are soaring — the tech-heavy Nasdaq Composite is up by about 33% this year. Around two thirds of Americans are worried about artificial intelligence taking their jobs, according to a recent Morning Consult poll. The rule essentially seeks to shift the risk of a bank failure to bondholders rather than depositors. But to get bondholders to bear the cost of banks’ potential failure, the banks would likely have to pay high interest rates. The rule unveiled Tuesday comes on the heels of a separate capital-bolstering rule the three agencies introduced in July.

Persons: Goldman Sachs, Goldman, Jenny Ma, ” Goldman, Elisabeth Buchwald, Greg Baer, ” Baer, Andy Jassy, Jassy, Brian Fung Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Pew, Federal Reserve, Labor, Nike, Netflix, Apple, Federal Deposit Insurance Corporation, Bank Policy Institute, Amazon, CNN Locations: New York, United States

It follows a tumultuous spring for regional banks in which Silicon Valley Bank and two other lenders collapsed, forcing regulators to backstop deposits to stave off a broader panic. The proposal, which is subject to industry feedback, would see banks raise their long-term debt issuance by roughly 25%, or $70 billion, according to the FDIC. The agency said banks would have three years from the rule's adoption to meet the new standard. 'COMPELLING CASE'Each bank's debt requirement will be based on their risk-weighted assets, total assets, or total leverage, depending on which number is highest. In a speech previewing the proposals this month, Gruenberg said recent bank failures made "a compelling case" for regulators to impose tougher rules on regional firms.

Persons: Brian Snyder, Martin Gruenberg, Matthew Bisanz, Mayer Brown, “ It’s, Greg Baer, Gruenberg, Ian Katz, Pete Schroeder, Megan Davies, Philippa Fletcher, Andrea Ricci Organizations: First Republic Bank, REUTERS, Rights, Federal Deposit Insurance Corporation, Federal Reserve, Wall, Bank, FDIC, Financial Services Group Inc, Fifth Third Bancorp, Citizens Financial Group Inc, Industry, Bank Policy Institute, Silicon Valley Bank, JPMorgan Chase, FDIC's, Insurance Fund, Capital Alpha Partners, Thomson Locations: Boston , Massachusetts, U.S, Silicon

☆ US financial regulators green lit new rules aimed at reducing the cost of bank failures
▼ + stars: | 2023-08-29 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —US financial regulators on Tuesday signed off on new rules to prepare large and regional banks in the case of failure. But the FDIC backed deposits that exceeded that limit when Silicon Valley Bank and Signature Bank failed earlier this year, to reduce the risk of more bank failures. In total, the three bank failures depleted $31.5 billion from the DIF, according to FDIC estimates. Had the proposed rule been in place prior to the three bank failures, it could have prevented many uninsured depositors from causing a bank run, the agencies said. That could make it easier for the FDIC to seize and sell a failed bank, something the agency struggled to do in a timely manner with SVB and Signature Bank.

Persons: Greg Baer, ” Baer, Martin Gruenberg, ” Banks Organizations: New, New York CNN, Federal Deposit Insurance Corporation, Federal Reserve, Currency, FDIC’s, Insurance Fund, Silicon Valley Bank, Signature Bank, Bank, JPMorgan Chase, Bank Policy Institute, FDIC Locations: New York

☆ Robust equities erode gold's safe-haven allure as ETF holdings fall
▼ + stars: | 2023-08-21 | by ( Deep Kaushik Vakil | ) www.reuters.com time to read: +2 min

(Reuters) -Receding fears of a U.S. slowdown, surging bond yields and the robust performance of equities have gradually eroded the appeal of exchange-traded funds (ETF) backed by traditional safe-haven gold this year, despite sticky inflation. The biggest ETF, SPDR Gold Trust, saw holdings dwindle to pre-pandemic levels. [GOL/ETF]Investors typically buy gold during times of financial and economic uncertainty and rising inflation. [GOL/]“Gold has fallen into disfavour as a hedge against economic uncertainty for many institutional investors,” said Ross Norman, chief executive of Metals Daily. Equities have outperformed gold despite higher interest rates, while rival safe-haven Treasury bonds have attracted investors away from gold, which doesn’t earn any interest or dividends.

Persons: Ilya Naymushin, ”, Ross Norman, Carsten Menke, Julius Baer, Gold, Philip Newman, Newman, hasn’t Organizations: Reuters, REUTERS, World Gold Council, Investors, U.S, Metals Daily, U.S . Federal, Treasury, Metals Locations: U.S, Siberian, Krasnoyarsk, Russia, disfavour, “

☆ Russia's inflation spike sets Kremlin and central bank on collision course
▼ + stars: | 2023-08-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Russia's President Vladimir Putin (L) and Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky\TASS via Getty ImagesRussia's rising inflation and plunging currency have spotlighted an emerging discord between the Kremlin and the country's central bank. Analysts suggested the government's direct strong-arming of the central bank into monetary policy action was a sign of the problems faced by the country's economy. In other words, the Russian currency has entered a vicious circle that it will struggle to escape from." This is because the negative factors behind the weakening currency are largely outside the control of the Central Bank of Russia." She added that blaming the central bank has therefore become an "easy tactic" for the Kremlin in the absence of any tangible options through which to improve the situation.

Persons: Vladimir Putin, Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky, Vladimir Putin's, Maxim Oreshkin, Anatoly Aksakov, Agathe Demarais, Demarais, Stephanie Kennedy, Julius Baer, Kennedy Organizations: Russian Central Bank Governor, Getty, Kremlin, Central Bank of Russia, Bank, Bank of Russia, Financial, Bank of, Economist Intelligence Unit, CNBC, CBR, U.S . Locations: Russia, Bank of Russia, Ukraine

☆ Money Manager TCW Shakes Up Bond-Investor Ranks
▼ + stars: | 2023-08-15 | by ( Justin Baer | ) 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/articles/money-manager-tcw-shakes-up-bond-investor-ranks-728ee18b

Persons: Dow Jones

☆ The China market is a 'value trap' while the U.S. is the 'biggest' investment idea: Bank Julius Baer
▼ + stars: | 2023-08-10 | 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 EmailThe China market is a 'value trap' while the U.S. is the 'biggest' investment idea: Bank Julius BaerBhaskar Laxminarayan, Asia CIO of Bank Julius Baer discusses where he thinks the opportunities for investors are at the moment.

Persons: Julius Baer Bhaskar Laxminarayan, Bank Julius Baer Organizations: Bank Locations: China, U.S, Asia

☆ He Thought He Saw Wrongdoing on Wall Street. It Took Over His Life.
▼ + stars: | 2023-08-06 | by ( Justin Baer | Photographs José A. Alvarado Jr. For The Wall Street Journal | ) 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/articles/he-thought-he-saw-wrongdoing-on-wall-street-it-took-over-his-life-4d9ab491

Persons: Dow Jones, 4d9ab491

☆ 33 of the biggest failed products from the world's biggest companies
▼ + stars: | 2023-08-04 | by ( Ben Gilbert | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Even the most successful companies in the world have the occasional flop. We put together 33 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops.

Persons: Jeff Bezos, Joan Schneider, Julie Hall, —, Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft

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