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☆ US bond traders seek edge by adopting tech -report
▼ + stars: | 2023-06-21 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

Traders have slowly adopted execution management systems (EMS) in their workflow to enhance their execution capabilities as the market evolves, wrote Audrey Blater, senior analyst at Greenwich, in a report released on Tuesday. The fixed-income market adoption of EMS is at "a tipping point" where some traders, while reluctant to use technology, "acknowledged a change of habit is imminently necessary," said Blater. The tech makeover of a market that sees billions of dollars of trades in a year though is still gradual. The study found that only 39% of some 41 senior fixed-income traders in US asset management firms, hedge funds and insurance companies, identified using an EMS. Some 34% of the 41 traders in the study looked to chat to execute trades, versus 27% that turned to technology as their top choice.

Persons: Audrey Blater, Matt Tracy, Shankar Ramakrishnan, Conor Humphries Organizations: Coalition, Traders, Thomson Locations: Coalition Greenwich, Greenwich

☆ Perryton, Texas tornado: 3 people dead and dozens injured after tornado ripped through a town in the Texas Panhandle
▼ + stars: | 2023-06-16 | by ( Aya Elamroussi Dave Alsup Melissa Alonso | Aya Elamroussi | Dave Alsup | ) edition.cnn.com time to read: +4 min

CNN —At least three people were killed and dozens were hospitalized after a tornado ripped through a town in the Texas Panhandle on Thursday afternoon, nearly leveling some buildings and prompting power outages. A view of a damaged site in Perryton as the town gets struck by a tornado in Texas on Thursday in this screengrab obtained from a social media video. Greg Abbott has deployed state emergency resources to “meet urgent life-safety needs in Perryton, Texas,” according to a news release from his office. Sabrina Devers/TMX/ReutersOfficials in Beaver County, Oklahoma, sent fire, law enforcement and EMS units to help, according to the county’s emergency manager Keith Shadden. The sheriff’s office in Hutchinson County — which includes Stinnett — also sent rescue and emergency operations following the “devastating tornado,” according to a Facebook post from the office.

Persons: Paul Dutcher, CNN’s Alisyn, Kelly Judice, ” Judice, Sabrina Devers, ”, Wes Reeves, Greg Abbott, Keith Shadden, —, Judice, “, Brian Emfinger, Emfinger, ” Emfinger, Cole Underwood, there’s, Ronny Jackson Organizations: CNN, Texas Panhandle, Xcel Energy, Texas Gov, Reuters, National Weather Service, NWS Locations: Texas, Perryton, Perryton , Texas, Beaver County , Oklahoma, Stinnett , Texas, Hutchinson County, Oklahoma, Michigan

CNN —Theodore “Ted” Kaczynski, the Harvard-trained math professor who unleashed a deadly bombing campaign from a shack in rural Montana and became known as the “Unabomber,” has died, according to the Federal Bureau of Prisons. In 2021, Kaczynski was moved to the federal medical center in North Carolina, according to the bureau. Elaine Thompson/APPortrayed by prosecutors as a vengeful loner, Kaczynski published 30,000-word treatise that became known as the Unabomber Manifesto. “Justice has been done, and Theodore Kaczynski will never threaten anyone again,” Attorney General Janet Reno said in a statement at the time. Its similarity to letters he sent to his family alerted his brother, who made the decision to turn Kaczynski in.

Persons: Theodore “ Ted ” Kaczynski, ”, Kaczynski, “, ” Kaczynski, Ted Kaczynski's, Elaine Thompson, David, Michael Macor, Sally Johnson, Johnson, Judge Garland Burrell Jr, Theodore Kaczynski, ” Burrell, Susan Mosser, Burrell, he’ll, Thomas, Kelly, Hugh Scrutton, Gilbert Murray, Charles Epstein, David Gelernter, Janet Reno, ” David Kaczynski, ” Ted Kaczynski Organizations: CNN, Harvard, Federal Bureau of Prisons, Federal Medical Center, “ Staff, FMC Butner, San Francisco Chronicle, Getty, Prosecutors, University of California, Time Locations: Montana, Butner , North Carolina, North Carolina, Supermax, Florence , Colorado, Lincoln , Montana, Helena , Montana, New Jersey, Berkeley

☆ Robert Hanssen, FBI agent who spied for the Russians, dies in Supermax prison
▼ + stars: | 2023-06-05 | by ( Corky Siemaszko | ) www.cnbc.com time to read: +1 min

FBI Agent Robert Philip Hanssen is shown in this undated file photo, released by the FBI February 20, 2001. FBI Agent-turned-traitor Robert Hanssen, who spied for the old Soviet Union and later the Russians, died Monday in the cell where he was serving 15 consecutive life sentences for betraying his country, federal prison officials said. Hanssen, 79, was "found unresponsive" around 6:55 a.m. at the federal "Supermax" prison in Florence, Colorado, the Bureau of Prisons said in a statement. Hanssen began spying for the Soviets in 1979, three years after he joined the FBI. "He ultimately became the most damaging spy in Bureau history," the agency said.

Persons: Robert Philip Hanssen, Robert Hanssen, Hanssen Organizations: FBI, Soviet Union, of Prisons Locations: Florence , Colorado, Supermax

☆ Convicted spy Robert Hanssen dies in prison
▼ + stars: | 2023-06-05 | by ( Michelle Watson | ) edition.cnn.com time to read: +1 min

CNN —Robert Philip Hanssen, who received payments of $1.4 million in cash and diamonds for the information he gave the Soviet Union and Russia, has died, the Federal Bureau of Prisons announced Monday. Hanssen had been in custody at Colorado’s USP Florence ADMAX since July 17, 2002. “On Monday, June 5, 2023, at approximately 6:55 am, inmate Robert Hanssen was found unresponsive at the United States Penitentiary (USP) Florence ADMAX in Florence, Colorado,” a release from the Federal Bureau of Prisons said. In 2001, Hanssen pleaded guilty to 15 counts of espionage and conspiracy in exchange for the government not seeking the death penalty. Investigators accused him of compromising dozens of Soviet personnel who were working for the United States, some of whom were executed.

Persons: Robert Philip Hanssen, Hanssen, USP Florence ADMAX, “, Robert Hanssen, Florence ADMAX, ”, Mr Organizations: CNN, Federal Bureau of Prisons, USP Florence, United States, Staff Locations: Soviet Union, Russia, USP, Florence , Colorado, United States, Soviet

At the height of the tightening cycle in September last year, eight central banks hiked rates by a cumulative 550 bps. Year-to-date, G10 central banks have delivered 21 rate hikes and tightened by a total of 725 bps. That compares with 54 rate hikes in the whole of 2022 and 2,700 bps of rate hikes. Developed markets interest ratesMeanwhile, emerging markets were slightly further advance in the cycle with some central banks changing tack to easing mode. That compares with 11 meetings in April, where two central banks delivered a total of 50 bps.

Persons: Jean Boivin, Karin Strohecker, Vincent Flasseur, Hugh Lawson Organizations: European Central Bank, Bank of England, Federal Reserve, BlackRock Investment Institute, UN, Thomson Locations: Australia, New Zealand, Norway, BlackRock, Israel, South Africa, Thailand, Malaysia, Hungary

"Global debt is now $45 trillion higher than its pre-pandemic level and is expected to continue increasing rapidly," said the IIF in its quarterly Global Debt Monitor. The report partly focused on the effects of last year's rapid rise in rates in some bank balance sheets. The IIF voiced its concern that tighter lending practices among smaller banks would hurt some businesses and households harder. "Shadow banks now account for more than 14% of financial markets, with the majority of growth stemming from a rapid expansion of U.S. investment funds and private debt markets." "With the interest rate differential between EMs and mature markets diminishing, EM local currency debt is less appealing for foreign investors," the IIF said.

"Global debt is now $45 trillion higher than its pre-pandemic level and is expected to continue increasing rapidly," said the IIF in its quarterly Global Debt Monitor. The report partly focused on the effects of last year's rapid rise in rates in some bank balance sheets. "Shadow banks now account for more than 14% of financial markets, with the majority of growth stemming from a rapid expansion of U.S. investment funds and private debt markets." But for others access to markets has been harder or non-existent on either tighter spreads as rates rose in developed markets or fast-rising borrowing costs. "With the interest rate differential between EMs and mature markets diminishing, EM local currency debt is less appealing for foreign investors," the IIF said.

In 2017, with Mr. Connors’ help, Mr. Maichle started his own company, Precision Compliance Consulting. ‘Boss Man’Mr. Connors, Mr. Lewis and Mr. Maichle were all active in college conservative politics in Wisconsin about 15 years ago, when Mr. Connors was the leader of campus Republicans at Marquette University. Of that, about $102,000 went to Campaign Now, the firm started by Mr. Connors, and another $112,000 to companies where Mr. Connors, Mr. Maichle or Mr. Lewis was either the owner or a partner, tax records show. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments.

CNN —Kouri Richins’ husband was found dead at the foot of their bed last March. Around 9 p.m., she brought her husband, Eric Richins, a celebratory Moscow Mule cocktail in the bedroom of their home in Kamas, Utah. Newly released court documents detailed a series of illicit fentanyl purchases in the months leading up to his death. By this time, according to court documents, Kouri Richins no longer owned the property. Kouri Richins said she wrote a book on grief with her sons to help them articulate their feelings, she said.

☆ Billy Corgan Loves an Old-Fashioned American Story
▼ + stars: | 2023-05-01 | by ( Hank Shteamer | ) www.nytimes.com time to read: +3 min

And then I called her back and said, “No, I changed my mind …” And she said, “You don’t want to go? It was this weird sentimental thing of, well, she got me to Graceland eventually, but it was sadly upon her death. Part of what makes that architecture really interesting is they had no idea what was coming, including World War II. 9Madame ZuZu’s Chocolate Pu-erh TeaThe guy we work with, Rod Markus, is a total genius; he’s like a tea sommelier. He travels the world and puts these crazy things together.

☆ A purely cosmetic set of virtual weapon accessories from video game 'Counter-Strike' sold for over $500,000
▼ + stars: | 2023-04-20 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

The items from the "Counter-Strike" video game series recently sold for over $500,000. The virtual items, a weapon skin and knife, are purely cosmetic. Or, if you're a "Counter-Strike" enthusiast, you could use that money to buy a set of purely cosmetic, virtual items. Weapon skins, which are colorful wraps that adorn guns, and custom knives do not actually impact user performance in the tactical first-person shooter. Prices for in-game "Counter-Strike" items are experiencing a rise across the board because the next entry to the "Counter-Strike" series, which will be called "Counter-Strike 2," is set to be released this summer.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Wynn, Costco, Netflix, First Solar & more
▼ + stars: | 2023-04-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Netflix as sell Goldman said it's standing by its sell rating heading into earnings next week. Deutsche Bank adds a catalyst call buy on Enphase Energy Deutsche said it's bullish on the solar company's opportunities in Europe. Citi upgrades Merck to buy from neutral Citi said in its upgrade of the pharmaceutical company that it has an underappreciated pipeline of products. Deutsche Bank names a catalyst buy on Sherwin-Williams Deutsche said the paint company's earnings scheduled for later this month should "alleviate" investor concerns. Citi upgrades Steven Madden to buy from neutral Citi said in its upgrade of the shoe company that it sees "better wholesale trends" for Steven Madden.

☆ Hard for EMs to rally if U.S. is in turmoil, says portfolio manager
▼ + stars: | 2023-03-21 | 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 EmailHard for emerging markets to rally sharply as long as the U.S. is in turmoil: Portfolio managerDerrick Irwin of Allspring Global Investments says two "very big" tailwinds to emerging market stocks are a weaker U.S. dollar and a more dovish Federal Reserve.

☆ Frontier countries to suffer most if Fed rate gets to 6% - analysts
▼ + stars: | 2023-03-09 | by ( Rodrigo Campos | ) www.reuters.com time to read: +5 min

"This mix is generally a net negative for emerging markets." A recent Barclays analysis showed a 50 basis point Fed rate hike would increase interest rate volatility, which "would be more destabilizing initially, as it typically comes with EM FX underperformance, which could trigger a further leg up in EM rates." Analysts at JPMorgan expect the dollar to weaken once the terminal rate stabilizes, but a 50-basis point Fed hike "would be a regime-shift in favor of outsized USD-strength." A 6% Fed rate environment alongside still-hot inflation does make short-term rates in Chile and India as well as Poland, the Czech Republic and Hungary most vulnerable, UBS found. Chinese equities could provide a safe haven in a 6% fed funds rate scenario, UBS said.

☆ CNN anchor Kasie Hunt gives birth in surprise 13-minute labor
▼ + stars: | 2023-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +1 min

New York CNN —CNN anchor and chief national affairs analyst Kasie Hunt and husband Matthew Mario Rivera welcomed their second child to the world last week in an unforgettable way. Their daughter, Grey Hunt Rivera, was born at home on Wednesday morning after just 13 minutes of sudden labor — before there was time to call the paramedics. CNN anchor and chief national affairs analyst Kasie Hunt and newborn Grey. We were expecting her to arrive via a scheduled C section on Thursday morning,” said Hunt and Rivera of the early arrival. “It’s a day we’ll never forget!”Grey Hunt Rivera was born on Wednesday, March 1 at a healthy 8 pounds and 4 ounces.

☆ January flows to emerging markets largest in two years - IIF
▼ + stars: | 2023-02-15 | by ( Rodrigo Campos | ) www.reuters.com time to read: +2 min

The January figure of $65.7 billion net inflows outpaced the $30.9 billion for all of last year according to IIF data. Debt securities outside of China raked in $44.6 billion, the largest monthly figure on IIF records back to 2018. Reuters GraphicsThe first week of the year saw a record of about $28 billion in issuance from emerging market sovereigns and companies. Flows to Chinese equities also posted a strong rebound last month, bringing in the largest inflow since December 2020. Regionally, Asia and Latin America saw the largest inflows last month with $34.4 billion and $15.9 billion respectively.

☆ Starboard nominates directors to the board at Rogers. Here’s how the firm could boost margins
▼ + stars: | 2023-02-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Activist Commentary: Starboard Value is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On Dec. 15, 2022 , Starboard delivered a letter to the company nominating four directors for election to the board at the 2023 Annual Meeting. Both sides seem to share the same views regarding margin improvement, and there is a new CEO who Starboard likely supports. Having Starboard representation on the board would help management stay focused and get the support it needs. While Starboard is not advocating for any strategic transaction, the firm is an economic animal with fiduciary duties.

☆ Emerging markets are getting attention. Morgan Stanley names the 'highest quality' stocks to play it
▼ + stars: | 2023-02-09 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Emerging market stocks are piquing investor interest. Against that backdrop, Morgan Stanley named a raft of EM stocks it says are of the "highest quality" and are trading at reasonable prices. Morgan Stanley said valuations look "attractive" for the 29 stocks that turned up on its screen. Morgan Stanley likes Alibaba as a play on China's reopening and consumption recovery. Singapore-based utilities firm Sembcorp Industries is another Morgan Stanley favorite.

☆ Memphis Police Department fires 6th officer involved in Tyre Nichols beating death
▼ + stars: | 2023-02-04 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

The Memphis Police Department fired a sixth officer involved in Tyre Nichols' death. Five Memphis officers have already been fired and charged with second-degree murder in Nichols' death. Hemphill was the third officer at a traffic stop that preceded the violent arrest but was not where Nichols was beaten. Also Friday, a Tennessee board suspended the emergency medical technician licenses of two former Memphis Fire Department employees for failing to render critical care. The department has said she remained in the engine with the driver during the response to Nichols' beating Jan. 7.

☆ Tyre Nichols' death has reignited the debate around police brutality. Here are 5 proven ways to reduce it - and 2 strategies that don't work.
▼ + stars: | 2023-01-30 | by ( Michelle Mark | Marianne Guenot | ) www.businessinsider.com time to read: +12 min

Here are five proven, data-based changes that could make a difference, and two approaches that don't seem to work, according to Campaign Zero. Track complaints about officers' use of forceMost complaints against officers aren't public, making them hard to track. These changes, along with requiring departments to report and publish online data on all uses of force, could reduce police violence. Body cameras are another method that haven't been proven effective when it comes to excessive force instances. Research has shown that 93% of prosecutors' offices have used body cameras mostly in cases against citizens, not against police.

an officer is heard screaming while pulling Nichols out of his car. Officers are seen pinning Nichols to the ground on his side while grabbing his arms and giving him contradictory orders. "You guys are really doing a lot right now," Nichols is heard saying during the encounter. Police officers talk after the attack on Tyre Nichols during an arrest in Memphis, Tenn. on Jan. 7. One officer claims that during the initial traffic stop, he repeatedly tried to get Nichols to stop driving.

☆ Man dies after dog steps on rifle, causing it to discharge, Kansas officials say
▼ + stars: | 2023-01-24 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +1 min

A man died in Kansas on Saturday after officials believe he was struck by a rifle that discharged after a dog stepped on it. The dog stepped on the rifle in the back of the truck, causing it to fire and hit the back of the man, who was found in the front passenger seat, he said. Emergency medical personnel administered CPR before the 30-year-old victim, whose name has not yet been released, was pronounced dead at the scene, according to Hay. It was not immediately clear who owned the truck or the dog or who called 911. Representatives for the Sumner County Sheriff’s Office and the Kansas Department of Wildlife and Parks did not immediately respond to questions.

☆ 2 Illinois EMS workers charged with murder in death of patient strapped to stretcher appear in court
▼ + stars: | 2023-01-20 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

The two EMS workers accused of killing a Springfield, Illinois, man in their care who died last month after they transported him strapped tightly facedown on a stretcher pleaded not guilty. Peter J. Cadigan, 50, and Peggy J. Finley, 44, were charged with murder on Jan. 9 in the death of Earl Moore, Jr., 35, on Dec. 18. Moore died shortly after the EMS workers placed him on a stretcher in the prone position with tightened straps placed on his back and lower body, Sangamon County State’s Attorney Dan Wright said. The duo appeared in Sangamon County Circuit Court for a preliminary hearing Friday morningBoth were being held in the Sangamon County jail on bail of $1 million each. “When you look at that video, they offer no humanity to Earl Moore Jr. And that’s why this case is so unique,” Crump said at a news conference Thursday.

☆ Fact Check-No evidence COVID-19 vaccines are linked to athletes collapsing or dying
▼ + stars: | 2023-01-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

He suffered a cardiac arrest moments after making a tackle and had to have his heartbeat restored on the field (here). In the UK, Dr Steven Cox, chief executive of charity Cardiac Risk on the Young (CRY), also told Reuters via email that sudden cardiac death in young people “is sadly not a new phenomenon”. The authors also noted that this was “likely... a significant underestimate” of the true incidence of cardiac death in the young. Another study published in 2022 by PLOS medicine found acute COVID-19 was associated with a 5.8x increased risk of cardiovascular disease, including a 6.4x increased risk of atrial arrythmias in the month after infection. Experts say there is no research that shows a link between COVID-19 vaccines and athletes collapsing or dying from sudden cardiac arrest.

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