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☆ Biggest concern is the market sell-off becoming a 'self-fulfilling prophecy,' research firm warns
▼ + stars: | 2024-08-06 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

"Our biggest concern is that the market sell-off becomes a self-fulfilling prophecy causing corporate CEOs to cut back on investments and consumers to pull back on spending leading to further cuts and a recession," the analysts added. "In our view, the direct impact of these steep market declines is limited," they said in a note published Monday. Sustained market declines in the wake of the recent global sell-off could become a "self-fulfilling prophecy" that eventually leads to a recession, Morningstar DBRS analysts warned. The analysts also said that the impact of the market volatility on banks is likely to be limited, even if further market declines materialize, or if the U.S. enters a recession. There was also "no material impact" expected for capital management by banks in Japan, a region that also saw steep declines.

Persons: Morningstar, Nonfarm payrolls Organizations: New York Stock Exchange, Global, Japan's Nikkei, Tech, Federal Reserve, Morningstar, Congressional, U.S, Capital Locations: New York City, U.S, Japan

☆ Treasury yields tumble as recession concerns take hold
▼ + stars: | 2024-08-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over eight basis points to 3.7099%. The 2-year Treasury yield was last at 3.7315% after falling by around 14 basis points. U.S. Treasurys slid on Monday as fears about a recession grew after a series of key economic data was released last week. The data suggested an easing of the labor market, which prompted concerns about a recession. That came after the Fed earlier in the week left interest rates unchanged and hinted at a September rate cut.

Persons: Treasurys, July's nonfarm, Dow Jones Organizations: Treasury, Dow, Fed, PMI

☆ A naming expert says picturing your kid as a CEO before naming them can backfire. She recommends these 33 names for success.
▼ + stars: | 2024-08-04 | by ( Kelly Burch | ) www.businessinsider.com time to read: +1 min

Sophie Kihm is the editor in chief at Nameberry. She says the so-called "CEO test" for names falls short. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis as-told-to essay is based on a conversation with Sophie Kihm, the editor in chief at Nameberry.

Persons: Sophie Kihm, — Organizations: Service, Supreme, Business Locations: Nameberry

☆ Rioters target hotel used to house asylum seekers amid worst UK disorder in years
▼ + stars: | 2024-08-04 | by ( Radina Gigova | Sophie Tanno | ) edition.cnn.com time to read: +4 min

CNN —Rioters attacked a hotel used to house asylum seekers in the UK town of Rotherham on Sunday, as the country faces the worst social unrest it has seen in years. In the latest violence, the Holiday Inn Express Hotel in Rotherham was targeted by protesters who stormed the building, with reports of it being set on fire, according to PA Media. “The criminal, violent attack on a hotel housing asylum seekers in Rotherham is utterly appalling. Deliberately setting fire to a building with people known to be inside,” she wrote on X.Protestors throw a blazing garbage bin outside the Holiday Inn Express in Rotherham on Sunday. Riot police stand in front of windows broken by rioters outside of the Holiday Inn Express Hotel.

Persons: Yvette Cooper, ”, Stringer, Dame Diana Johnson, Keir Starmer, Christopher Furlong, ” Johnson, “, Joe Mulhall, –, Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk Organizations: CNN, Police, PA Media, Reuters, BBC, Labour, Riot, Research, Hope, Elon Locations: Rotherham, Southport, England, Britain

☆ No need for army, UK government says, as it faces worst disorder in years
▼ + stars: | 2024-08-04 | by ( Radina Gigova | Sophie Tanno | ) edition.cnn.com time to read: +4 min

The UK is bracing for a new wave of protests on Sunday, after a stabbing attack in northwest England this week sparked disorder fueled by the far right. David Young/PA WireThere have been discussions to bring in the army to assist police, but currently “there is no need to bring in the army,” Johnson said. “The police have made it very clear that they have all the resources they need at the moment. There’s mutual aid, as I’ve just described, and they have the powers that they need.”Several UK cities saw violent protests on Saturday. UK Home Secretary Yvette Cooper denounced the incidents of public disorder and unrest on Saturday and said “thuggery” won’t be tolerated.

Persons: Dame Diana Johnson, Keir Starmer, “ We’ve, ” Johnson, David Young, “, Yvette Cooper, Taylor Swift, Jonathan McCambridge, Joe Mulhall, –, Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk, ” Organizations: CNN, BBC, Labour, Belfast City Hall, PA Media, Southport, Research, Hope, Elon Locations: England, Belfast, Liverpool, Southport, Welsh, Cardiff

☆ I live in Boston and New York City. Supercommuting is hard, but I'm unwilling to sacrifice my personal or professional life.
▼ + stars: | 2024-08-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Read previewThis as-told-to essay has been adapted from a conversation with Sophie Rae, a 27-year-old graphic designer and artist, who lives in both Boston and New York City. AdvertisementSophie Rae lives in Boston and New York City. Sophie RaeI was like, "OK, this could be a really good excuse to have that New York moment in my life, in my career." My boyfriend lives in Boston, and his whole family lives in the surrounding area. He was with me when I got the job offer, and he was the first one to say, "OK, you've got to say yes.

Persons: —, Sophie Rae, I've, It's, They're, it's, you've, he's, You'll Organizations: Service, Business, Amtrak, Netflix Locations: Boston, New York City, New York, York, Massachusetts

CNN —The US, UK and France are among several countries urging their citizens to leave Lebanon as heightened tensions in the region spark fears of a widening Middle East conflict. Haniyeh’s death came just hours after an Israeli strike on the Lebanese capital Beirut killed Hezbollah’s most senior military commander, Fu’ad Shukr. Many countries already had travel warnings in place but have issued fresh advice in the wake of the latest developments. AFP/Getty ImagesFrance told its citizens to make arrangements to leave Lebanon “as soon as possible” in a statement from the Ministry for Europe and Foreign affairs on Sunday. Israel says it is ready for “range of scenarios” following the assassination of Ismail Haniyeh in Iran.

Persons: ”, David Lammy, “, Ismail Haniyeh, Hezbollah’s, Fu’ad, Jordan Organizations: CNN, Saturday Hezbollah, AFP, Getty, France, Ministry for, Foreign, ” Airlines, Air France, Lufthansa, Kuwaiti Airlines, Saturday, Pentagon Locations: France, Lebanon, ” Britain’s, Iran, Israel, Tehran, Beirut, Gaza, Metullah, Ministry for Europe, Jerusalem

☆ Charli XCX's 'Brat' era is making remixes fun again. Other pop stars should take note.
▼ + stars: | 2024-08-02 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Read previewBillie Eilish has gleefully joined the extended "Brat" universe with her featured spot on "Guess," a fan-favorite track from Charli XCX's latest album. Related storiesNow, with "Guess," Eilish enters as both a foil and hopeful love interest. She sing-raps as if she's responding to Charli's original lyrics, breaking the fourth wall with a seductive wink: "Charli likes boys, but she knows I'd hit it." In the "Guess" remix, Charli tweaks her own verse as a nod to Eilish's new era: "Wear 'em, post 'em, might remix it / Eat it up for lunch, yeah, it's so delicious." Each "Brat" remix is arguably as good as the original, yet distinct and unique in its own right.

Persons: —, Billie Eilish, Charli, Eilish, Addison Rae, Robyn, Yung Lean, Rae, Timbaland, Justin Timberlake, Nelly Furtado's, doesn't, — it's, Julia, George, Sophie, Julia Fox, Cook, Charli's fiancé George Daniel, They're, Ariana Grande, Taylor, Mariah Carey, Justin Bieber, they've, it's Organizations: Service, Business Locations: Dua

☆ Treasury yields slide ahead of July jobs report
▼ + stars: | 2024-08-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was down by over 4 basis points at 3.933%, remaining below the 4%. The yield on the 2-year Treasury was last around 5 basis points lower at 4.116%. U.S. Treasury yields were lower on Friday as investors looked ahead to the July jobs report and digested the interest rate outlook. The U.S. Labor Department's jobs report for July is slated for Friday, and will provide investors with insights into the state of the U.S. economy. The Federal Reserve earlier in the week kept rates unchanged at their latest meeting but hinted that a September rate cut was on the table, sending Treasury yields lower.

Persons: Dow, payrolls, Jerome Powell, Powell Organizations: Treasury, U.S, Labor, Federal Locations: U.S

☆ Treasury yields tumble as investors weigh interest rate outlook
▼ + stars: | 2024-08-01 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields slid further on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell, who suggested a September rate cut was on the table. Yields had fallen on Wednesday after Fed Chairman Powell hinted at a September rate cut after the central bank's July meeting concluded. Depending on these factors, "a reduction in our policy rate could be on the table as soon as the next meeting in September," he said. As expected, the central bank left interest rates unchanged. Several analysts are expecting the central bank to cut rates, but uncertainty remains as the BOE has not sent clear signals.

Persons: Jerome Powell, Powell, BOE Organizations: Treasury, U.S, Federal, Bank of England Locations: U.S

☆ Euro zone inflation rises to 2.6% in July, above expectations
▼ + stars: | 2024-07-31 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Headline inflation in the euro zone unexpectedly rose to 2.6% in June, the European Union's statistics agency said Wednesday. In June, inflation had come in at 2.5%, easing slightly from the 2.6% of May. Economists polled by Reuters had been expecting the headline figure for July to be unchanged from June's reading at 2.5%. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, hit 2.9% in July, versus a Reuters estimate of 2.8%. The inflation rates come just a day after the release of the zone's second quarter gross domestic product, which the European Union's statistics office said grew 0.3% in the three months to the end of June.

Organizations: Reuters, ECB Locations: Germany

☆ Treasury yields hold steady ahead of Fed rate decision, policy guidance
▼ + stars: | 2024-07-31 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.1316%. The 2-year Treasury yield was last at 4.3584% after dipping by less than one basis point. With the Fed meeting set to end on Wednesday, investors looked to the central bank's monetary policy announcement and the post-meeting press conference by Fed Chair Jerome Powell. Questions also remain over how many rate cuts could be implemented by the Fed this year. After this month's meeting, three more are in the calendar for the central bank in 2024.

Persons: Jerome Powell Organizations: Treasury, Fed, Labor, Survey

☆ Euro zone's economy grew 0.3% in second quarter, above expectations despite German contraction
▼ + stars: | 2024-07-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday. The zone's gross domestic product rose by 0.3% in the three months to the end of June compared to the previous quarter, the data showed. The euro zone entered a technical recession in the second half of 2023, as GDP contracted in both the third and fourth quarter of the year, according to revised figures released earlier this year. Bert Colijn, senior euro zone economist at ING, said in a note on Tuesday that the data indicated that the regiona's economy is somewhat recovering. "The question remains where the economy will head from here and recent data do not provide much confidence that the eurozone economy is further accelerating," Colijn said.

Persons: Bert Colijn, Colijn Organizations: Reuters, ING Locations: Frankfurt

☆ 2-year Treasury yield inches higher as Fed meeting is set to begin
▼ + stars: | 2024-07-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

U.S. Treasury yields were little changed on Tuesday as investors looked to economic data from the labor market and the Federal Reserve's July meeting is set to kick off. ET, the yield on the 10-year Treasury was up by less than one basis point to 4.1860%. The 2-year Treasury was last at 4.3998% after rising by more than one basis point. Yields and prices move in opposite directions. One basis point equals 0.01%.

Organizations: Treasury

☆ One way employers can attract Gen Z talent is by ditching résumés, recruiter says
▼ + stars: | 2024-07-29 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Sophie O'Brien, the founder of the entry-level recruitment service Pollen Careers, told Business Insider that if companies want to hire the best-fitting Gen Z talent, they should ditch asking for a résumé. Gen Z are people aged 12 to 27. O'Brien found success in hiring Gen Z talent with less conventional methods. Advertisement"It's alienating Gen Z," she said. "This is groundbreaking for Gen Z, they absolutely love it," O'Brien said.

Persons: —, Sophie O'Brien, Gen, O'Brien, they'd, Zers, I'm, they've, Gen Z, we've, Majella Lavelle, résumés, Lavelle, Laura Littlehales, Littlehales, David Graham, Mobsta Organizations: Service, Business, CVs, Arsenal, Sporting, aren't, McDonald's

☆ Female Invest, a Y Combinator-backed fintech startup, is expanding to the US after raising $11.2 million. Check out its 12-slide pitch deck.
▼ + stars: | 2024-07-29 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Female Invest, a fintech startup, has raised $11.2 million in funding to expand operations. Founded in 2019, the platform offers trading and investing education for women globally. AdvertisementFemale Invest, a Y Combinator-backed fintech startup that encourages women to invest, has raised $11.2 million in funding. CEO Anna-Sophie Hartvigsen told Business Insider that there was "there's a big pull from the market for this product." This story is available exclusively to Business Insider subscribers.

Persons: —, Anna, Sophie Hartvigsen Organizations: Service, Business

☆ Treasury yields fall as investors look to key data, Fed meeting in week ahead
▼ + stars: | 2024-07-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over three basis points to 4.1666%. The 2-year Treasury yield was last at 4.3729% after falling by more than one basis point. U.S. Treasury yields fell on Monday as investors awaited the release of key economic data and looked to the Federal Reserve's meeting scheduled for the week. Investors awaited the Federal Reserve's July meeting and key data from the labor market slated for the week. Investors will be looking at the data for hints about the state of the labor market, as this could also inform monetary policy expectations and decision-making.

Persons: Jerome Powell Organizations: Treasury, Investors, PCE

☆ What to watch at Olympics today: Swimming’s best rivalry, beach volleyball with a view
▼ + stars: | 2024-07-27 | by ( Alex Andrejev | ) www.nytimes.com time to read: +6 min

He and the relay team will look to defend their gold medal from Tokyo, but could be unseated by challengers Australia or China. GO DEEPER A massive race to start the Olympics: Get ready for the women's 400-meter freestyleWembanyama’s Olympic debutTime: 11:15 a.m. GO DEEPER Men's basketball at the 2024 Paris Olympics: NBA player list, how to watch and moreBeach volleyball at the Eiffel TowerBeach volleyball gets prime placement in Paris, right next to an icon. GO DEEPER Beach volleyball at the 2024 Paris Olympics: U.S. teams, schedule and how to watchMen’s rugby sevens finalTime: 1:45 p.m. ET (7 p.m. local) with the gold medal match starting at 1:45 p.m.

Persons: Victor Wembanyama, it’ll, Peacock, Katie Ledecky, —, Australia’s Ariarne, Summer McIntosh, Titmus, Ledecky, Caeleb Dressel, Simone Manuel —, LeBron James, Rudy Gobert, Shai Gilgeous, Alexander, Giannis Antetokounmpo, Michael Reaves, Andy Benesh, Miles Partain, Cuba’s Jorge Luis Alayo Moliner, Noslen Díaz Amaro, Sweden’s David Åhman, Jonatan Hellvig, Carracher, Mark Nicolaidis, Taryn Kloth, Kristen Nuss, Canada’s Heather Bansley, Sophie Bukovec, mpics & Organizations: NBC, Tokyo Games, Australia, Olympic, American, CNBC, Telemundo, Peacock, Basketball, Paris Games, Brazil, NBA, Eiffel, U.S, men’s rugby, Fiji, Ireland, USA Locations: Paris, U.S, Tokyo, China, Great Britain, Italy, Australia, France, It's, Canada, Brazil, Spain, Germany, Japan, Greece, Fiji, United States, South Africa

☆ 31-year-old once played guitar for $3 in tips—now he brings in up to $70,000 a month between music and real estate
▼ + stars: | 2024-07-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

Lin pours earnings from his day job into real estate. Managing rental properties: 'It's so minimal that I don't even consider it work'The majority of Lin's $1 million net worth is tied up in real estate. He chose to buy in Little Rock, where real estate prices are lower and rent is stable, he says. Lin bought a portfolio of three houses in March 2023, then another building in February 2024. Real estate takes up a lot of Lin's time when he's actively searching for a new place to buy, or when he's dealing with tenant turnover.

Persons: Moses Lin, Lin, Lin customizes, Sophie Epton, influencers, he'll, I'm, — I'm, I've, It's, he's, who's, we're Organizations: CNBC Locations: Southern California, Little Rock , Arkansas, California, Italy, Lake Como, Milan, Ireland, Dubai, Singapore, Chicago , New York, Little Rock

☆ No, Taylor Swift isn't in 'Deadpool & Wolverine.' Here's why Swifties and Marvel fans were convinced she'd make an appearance.
▼ + stars: | 2024-07-26 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

The Grammy-winning singer later cast "Deadpool & Wolverine" director Shawn Levy as the dad in her "All Too Well" short film, which was released in November 2021. Following the success of "Deadpool" (2016) and "Deadpool 2" (2018), Reynolds confirmed that a third installment was in the works in 2019. Rumors intensified when production began on 'Deadpool & Wolverine'Hugh Jackman and Ryan Reynolds will star in "Deadpool 3." Gotham/GC ImagesLevy then played coy about the possibility of Swift being in "Deadpool & Wolverine." AdvertisementJust before the release of "Deadpool & Wolverine," Reynolds told E!

Persons: —, Taylor Swift, Swifties, Ryan Reynolds, Reynolds, He's, Swift, Blake Lively, who's, they've, Meredith, Olivia, Shawn Levy, Levy, Guy, Jackman, Logan, Wolverine, She's, Hugh Jackman, Monica Schipper, Dazzler, Simon Kinberg, James McAvoy, Sophie Turner, Lively, Jim McIsaac, Travis Kelce, TheWrap, That's Taylor, she's Organizations: Service, Marvel, Business, Entertainment, Swift, Netflix, Reynolds, NFL, Kansas City Chiefs, New York Jets, Chiefs, coy, SAG Locations: New York, Village

☆ Bette Midler’s secret to a happy, 40-year marriage? Separate beds
▼ + stars: | 2024-07-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Bette Midler and her husband Martin von Haselberg will celebrate their 40th wedding anniversary on December 16. “Separate bedrooms,” she said after being asked what was the secret to their happy marriage. Midler reflected on her own wedding in Las Vegas after she had only known her husband for six weeks. What she did love was working with her adult daughter, Sophie, who also appears in the film. Midler said her daughter is “brilliant” and the love of her life.

Persons: Bette Midler, Martin von Haselberg, ” Midler, “, snores, Meghan Mullally, Sheryl Lee Ralph, Susan Sarandon, ”, Midler, Sophie Organizations: CNN, “ Entertainment Locations: Las Vegas

☆ 2-year Treasury yield dips as investors look to key inflation data
▼ + stars: | 2024-07-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by less than one basis point at 4.2563%. The 2-year Treasury yield was last at 4.4307% after falling by over one basis point. U.S. Treasury yields were little changed on Friday as investors awaited the release of key inflation data ahead of the Federal Reserve's upcoming monetary policy meeting next week. Those are some of the last key economic data releases before the Fed meets next week to discuss monetary policy. The inflation figures come after economic data throughout the week have given mixed signals about the state of the economy.

Persons: Dow Jones Organizations: Treasury, Federal, PCE, Fed, U.S, PMI

☆ Treasury yields fall ahead of key economic data
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over five basis points to 4.2349%. The 2-year Treasury yield was last more than five basis points lower to 4.3585%. U.S. Treasury yields declined on Thursday as investors awaited key economic data points that could inform Federal Reserve monetary policy. Investors awaited key data as they considered the state of the U.S. economy and the outlook for interest rates. The data will provide more hints about the state of the economy and comes ahead of key inflation figures due Friday in form of the personal consumption expenditures price index.

Organizations: Treasury, U.S, PMI Locations: U.S

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ World's largest luxury group LVMH slumps 5% after second-quarter revenue miss
▼ + stars: | 2024-07-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Shares in the world's largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. Quarterly sales came in at 20.98 billion euros ($22.7 billion) in the second quarter, compared to the 21.6 billion euros LSEG analysts were expecting. Sales in Asia, excluding Japan, fell 14% in the second quarter from the same period a year earlier, LVMH said. Across the first half of the year, sales in Asia excluding Japan dropped 10% compared to the first six months of 2023, while sales in Japan rose by 44%, LVMH said. By business groups, wine and sprits revenue fell 5% in the second quarter of 2024 from a year earlier, and the watches and jewellery division declined 4% over the same time.

Persons: LVMH Organizations: Louis Vuitton, Gucci, Quarterly Locations: Lisbon, Portugal, London, Asia, Japan

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