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☆ Fact Check-Article on Aldi horsemeat scandal is about a decade-old incident
▼ + stars: | 2023-07-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An article reporting as if new a decade-old supermarket scandal involving horse meat and German-owned discounter Aldi is confusing people online. “Aldi was guily (sic) ten years ago of selling horse meat in place of their advertised beef. A spokesperson for the supermarket group told Reuters that the social media posts and Newsbreak article were likely based on the 2013 incident. Search engine results produced no other news articles about a 2023 horse meat scandal involving Aldi (archive.md/m2m7X). Aldi has not confirmed that its products are subject to a new horse meat scandal.

Persons: Aldi, ”, Newsbreak, Read Organizations: Aldi, Facebook, Reuters Locations: U.S

☆ Chipotle sales rise but fall short of Wall Street's expectations
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chipotle Mexican Grill on Wednesday reported quarterly earnings that crushed expectations, but the burrito chain's sales fell short. The company's same-store sales grew 7.4%, falling shy of StreetAccount estimates of 7.5%. The company reiterated its full-year forecast of same-store sales growth in the mid- to high-single digit range. However, for the third quarter, Chipotle anticipates same-store sales growth in the low- to mid-single digit range. Wall Street is anticipating same-store sales next quarter of 5.9%, according to StreetAccount.

Persons: Chipotle Organizations: Refinitiv, burrito Locations: New York

☆ What to expect from the Fed’s decision on rates
▼ + stars: | 2023-07-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Fed Chair Jerome Powell’s remarks during an annual gathering of central bankers and economists in Wyoming next month could shed more light on what to expect for the September decision. There are three possibilities for what the Fed might do moving forward, according to economists: a second consecutive rate hike in September, one in November, or no more rate hikes after July. The Commerce Department releases the June reading of the Fed’s favorite inflation measure Friday. The Fed held rates steady for nine straight meetings over the span of a year the last time it paused a rate-hiking campaign in 2006. Nearly all of the Fed’s decisions have been unanimous since the central bank began lifting rates in March 2022, with the exception of two meetings early in the Fed’s current inflation battle.

Persons: it’s, Jerome Powell’s, It’s, haven’t, inflation’s, Ben Bernanke, Raphael Bostic, there’s, hawkish, “ Powell, ” Seema Shah, Powell, Christopher Waller, you’re, ”, José Torres, ” Powell, Jerome Powell Organizations: DC CNN, Federal, Fed, Commerce Department, Market Committee, Atlanta Fed, Asset Management, CNN, ”, The Labor Department, Interactive Locations: Washington, Wyoming, —

☆ Ecudor crisis: How gang warfare jumped from Ecuador's prisons to the open street
▼ + stars: | 2023-07-26 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +7 min

CNN —Frantic purchases of ammunition, the daylight assassination of a mayor, and a growing body count inside Ecuador’s prisons signal that the country’s roiling security crisis is going from bad to worse. Violence has been most pronounced on Ecuador’s Pacific coast as criminal groups battle to control and distribute narcotics, primarily cocaine. The country has also lost control of its prisons, which are often ruled by the criminal gangs. Ecuador's President Guillermo Lasso speaks during a meeting in the Carondelet Palace in Quito on November 10, 2021. The crisis has also affected the security and justice system with allegations of corruption swirling around some in courts and police.

Persons: Agustin Intriago, Ariana Chancay, Agustin Intriago's, Dolores Ochoa, Guillermo Lasso, Vicente Gaibor del Pino, Coronel Mario Pazmiño, CRISTINA VEGA RHOR, Lasso, ” Lasso, ”, Fausto Salinas, Luisa Gonzalez, Otto Sonnenholzner, Yaku Perez Organizations: CNN, Manta, Security, Authorities, Reuters, Ecuadorian Army, Getty, Public Security Council, Ecuadorian Locations: Ecuador’s, Guayaquil, Manta, Ecuador, South America, North America, Europe, Peru, Colombia, America, Bolivia, Carondelet, Quito, AFP, Manabi

☆ What to expect from this week’s Fed meeting
▼ + stars: | 2023-07-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

After the Fed’s July monetary policy meeting, which concludes on Wednesday, investors will be looking for more details around that potential hike. That’s why the Fed is trying to retain the option of another rate increase in case inflation proves to be more resilient than expected. Fed Chair Jerome Powell’s remarks during an annual gathering of central bankers and economists in Wyoming next month could shed more light on what to expect for the September decision. There are three possibilities for what the Fed might do moving forward, according to economists: a second consecutive rate hike in September, one in November, or no more rate hikes after July. Whatever the Fed decides to do won’t come without a vigorous debate, and perhaps even a dissent, though the Fed has a tradition of collegiality.

Persons: —, it’s, Jerome Powell’s, It’s, haven’t, inflation’s, Ben Bernanke, Raphael Bostic, there’s, hawkish, “ Powell, ” Seema Shah, Powell, Christopher Waller, you’re, ”, José Torres, ” Powell, Jerome Powell Organizations: DC CNN, Federal, Fed, Commerce Department, Market Committee, Atlanta Fed, Asset Management, CNN, ”, The Labor Department, Interactive Locations: Washington, Wyoming, —

☆ Taxpayers don’t have to worry about unannounced visits from the IRS anymore
▼ + stars: | 2023-07-24 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

These visits will only continue in a few special circumstances, the agency said Monday. “Changing this long-standing procedure will increase confidence in our tax administration work and improve overall safety for taxpayers and IRS employees,” Danny Werfel, IRS commissioner, said in a statement. “These visits created extra anxiety for taxpayers already wary of potential scam artists,” Werfel said. “At the same time, the uncertainty around what IRS employees faced when visiting these homes created stress for them as well.”Typically, tens of thousands of unannounced visits take place each year. It will continue to focus on high-income taxpayers with tax issues, the agency said.

Persons: ” Tony Reardon, Biden, ” Danny Werfel, ” Werfel, “, ” Organizations: CNN, IRS, National Treasury Employees Union

☆ Taylor Swift’s surprise song at Seattle concert hypes next potential ‘Taylor’s Version’ album
▼ + stars: | 2023-07-23 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —The inimitable Taylor Swift has been on her record-breaking “Eras” tour and along the way, she’s played a different “surprise song” to change up the setlist at every concert. On Saturday during her Seattle concert, Swift’s surprise song was an acoustic version of “This Is Why We Can’t Have Nice Things,” a “Reputation” album track that’s been long-speculated by Swifties to be about Kanye West, who has notoriously clashed in public with the singer through the years. It all started, as if we could forget, when the “Gold Digger” rapper notoriously interrupted Swift at the 2009 MTV Video Music Awards while she was accepting the award for best female video. The artists clashed again in a 2016 dispute over whether or not the rapper cleared lyrics with Swift for his song “Famous,” wherein he calls Swift a “b—” and takes credit for her fame. Despite the fact that a handful of songs from the 2017 album are played regularly on the “Eras” tour, “Nice Things” serves as a very specific reminder of what may bubble up when the “Reputation (Taylor’s Version)” album eventually comes out.

Persons: Taylor Swift, she’s, Swift’s, Swifties, ”, Swift, John Mayer – Organizations: CNN, Kanye Locations: Seattle, Swift’s

☆ Patrol dogs are terrorizing and mauling prisoners inside the United States
▼ + stars: | 2023-07-23 | by ( Hannah Beckler | ) www.businessinsider.com time to read: +64 min

But prison patrol dogs aren't deployed for chases; they are used inside the prison walls. Tri-State Canines training facility, Warren, OhioVirginia Department of Corrections patrol dogs are typically Belgian Malinois, Czech shepherds, or German shepherds. Department patrol dogs are trained to bite once and hold to minimize flesh tears and lacerations. Patrol dog kennels, Virginia Department of CorrectionsThe patrol dog kennels are even smaller, at 6 feet by 10. A veterinary technician who treated patrol dogs at a clinic in Lebanon, Virginia, said she was told not to touch the patrol dogs in her care without their handler present.

Persons: Santos Cardona, Michael Smith, Smith, Marco, crouch, Mohammed Bollendia, protectively, Ashraf Abdullah Ahsy, Ivan L, Frederick II, Cardona, Abu, John Ketzer, Ketzer, Michael J, Donald Rumsfeld, Rumsfeld, Abu Ghraib, Lane McCotter, Gary DeLand, Terry Bartlett, Richard Billings, Larry DuBois, John Armstrong, Terry Stewart, Charles Ryan, Ryan, Stewart, Adrian Duran, cradled, Duran he'd, Duran, Blackie, growled, he'd, It's, extractions, they're, Jerko, Jeremy Defour, Bert, Antwon Whitten, Virginia, Peter C, Meade, —, Oikeutta eläimille, Dave Blosser, Blosser, Eli Hiller, he's, Matthew Johnson, Oscar, Johnson, Oscar growled, Boris, Cajos, Linwood Mathias, Lucas Pruitt, Mathias, Xavia Goodwyn, sicced Lojzo, Edris, Michael Watson, Watson, Thomas Rose, Rose, Goodwyn, Red, Rick White, Ron Angelone, Wallens, Tyler Parry, Charlton Yingling, Parry, Eugene, Bull, Connor, Bill Hudson, Yingling, Solomon Northup, Solomon, Walter Gadsden, Malcolm X, Michael Brown, Ferguson, They're, Jeffery, White, Curtis Garrett, Garrett, Kathleen Dennehy, Dennehy, Aaron Fedor, Jimmy Stanley, Dora Schriro, Schriro, Omar, Dionisio Paulino, Paulino, Robert Silva, Adrian Duran's, Adrian Duran Duran, Adrian, unwound, Sussex II, Whitten, Western District of Virginia Jeremy Defour, Defour, Kenneth Licklider, Chris Robbins, Rivan, she'd, They've, Stephen McReynolds, McReynolds, Daniel Clinton, Tom, Clinton, basketballs, Clinton's, Fuga, Jamie Elliott, Elliott, Duran couldn't, Bodhi, Jamie, Jawan Lee, Lee, Lee's Organizations: US, Business, Associated Press, Department of, Rights, Department, Justice, Department of Justice, Virginia Department of Corrections Police, Human Rights Watch, Virginia Department of Corrections, University of Virginia School of Law, Sussex II, Police, Kern Medical, Arizona Department of Corrections, Rehabilitation, The Indiana Department of Correction, Delaware Department of Correction, South, New Jersey Department of Corrections, Tri, Warren , Ohio Virginia Department of Corrections, State Canine Services, Court, Western District of, Red, View Regional, Onion, North Correctional Center, Corrections, Goodwyn, FBI, Ku Klux Klan, Human Rights, University of Nevada, University of Louisville, AP, Breeders, Ferguson Police Department, Souza, Baranowski, Commonwealth, Baranowski Correctional, Prentice, Black, United States, District, Massachusetts, Housing, Virginia Commonwealth University Health, Virginia, Housing Unit, Patrol, Southwest, Southwest Virginia Veterinary Services Locations: Abu Ghraib, Iraq, Belgian, Baghdad, Abu, United States, New Mexico, Utah, DeLand, Billings, Bartlett, Arizona, DuBois, Massachusetts, Armstrong, Connecticut, Arizona , Connecticut, Delaware , Indiana , Iowa , Massachusetts , New Jersey, Virginia, Alexandria , Virginia, Los Angeles, backyards, Sussex, lunging, Indiana, Richmond , Virginia, Iowa, Augusta, Ridge, New Jersey, South Woods, Warren ,, Czech, Europe, , Virginia, Western District, Western District of Virginia, Warren , Ohio, Holland, Tri, Canton , Ohio, Wallens, Onion, Red Onion, View, Norton , Virginia, Portsmouth , Virginia, Kentucky, Birmingham , Alabama, Las Vegas, Americas, Caribbean, American, Ferguson , Missouri, Lancaster , Massachusetts, Richmond, Lebanon , Virginia, Southwest Virginia, Lebanon, Waverly , Virginia, chihuahua

☆ A 'major revolution' is underway in the food industry. How to invest in the rise of alternative meat
▼ + stars: | 2023-07-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.

Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil

☆ How this deli sandwich brings in $165,000 a month in NYC
▼ + stars: | 2023-07-22 | by ( Mickey Todiwala | Elham Ataeiazar | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this deli sandwich brings in $165,000 a month in NYCJoshua Dat, 31, is the co-owner of Datz Deli in Queens, NY. The deli brought in $165,000 in May 2023 selling sandwiches and it's on track to bring in $1.2 million in its first year. Its DatMacPatty sandwich, a Caribbean-style beef patty stuffed with homemade macaroni and cheese, has developed a cult following on social media.

Persons: Joshua Dat Locations: Queens , NY, Caribbean

☆ This 31-year-old opened a New York City deli with his family—it's on pace to bring in $1.2 million in its first year
▼ + stars: | 2023-07-22 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

If you've seen one New York City deli, you could be forgiven for thinking you've seen them all. But at Datz Deli in Queens, customers line up for hours to get a taste of owner Joshua Dat's elevation of classic deli offerings. The 31-year-old opened Datz Deli in December 2022 with the idea to spice up quintessential New York staples like a Jamaican beef patty with flavors from his dad's native Guyana. "I wanted to be different," Dat says on the latest installment of CNBC Make It's "On The Job" series. "I wanted to give people something new to try."

Persons: you've, Joshua Dat's Organizations: CNBC Locations: York City, Queens, New York, Guyana

☆ The Race to Invent a Greener Jet Fuel
▼ + stars: | 2023-07-21 | by ( Ted Anton | ) www.wsj.com time to read: 1 min

Sustainable aviation fuels are approaching a breakthrough moment. Made mostly from agricultural, food and industrial waste or crops, SAFs are produced chemically or through microbial fermentation, as in a brewery, from non-fossil-fuel materials. Such materials range from used beef fat to trash to waste carbon from the atmosphere or factories. Used in a blend with traditional jet fuel, SAFs promise to cut carbon emissions from jets by as much as 80%.

Certain forms of identity theft, like synthetic identity theft or child identity theft, are harder to detect. You can also enroll in an identity theft protection service that can monitor the dark web for your information and provide identity theft insurance, usually up to $1 million. The best identity theft protection services will also provide you with personalized expert assistance if you experience more identity theft. While credit-related identity theft is more common, "identity theft can occur in other areas, including medical records, tax filings, social media accounts, employment history, and even criminal records," says Josh Amishav, founder and CEO of Breachsense, a data breach monitoring platform. Identity theft recovery frequently asked questionsCan you fully recover from identity theft?

Persons: you'll, David Burroughs, IdentityTheft.gov, You'll, Burroughs, you've, Equifax, Allen, Michael Bruemmer, haven't, Josh Amishav Organizations: FTC, Federal Trade Commission, Social, FBI, Social Security, Services, Social Security Administration Locations: AnnualCreditReport.com, Atlanta, Allen , TX, Chester ,

☆ Elon Musk's xAI and OpenAI are going head-to-head in the race to create AI that's smarter than humans
▼ + stars: | 2023-07-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Elon Musk and Sam Altman are racing to create superintelligent AI. Musk said xAI plans to use Twitter data to train a "maximally curious" and "truth-seeking" superintelligence. Elon Musk is throwing out challenge after challenge to tech CEOs — while he wants to physically fight Meta's Mark Zuckerberg, he's now racing with OpenAI to create AI smarter than humans. On Saturday, Musk said on Twitter Spaces that his new company, xAI, is "definitely in competition" with OpenAI. Over a 100-minute discussion that drew over 1.6 million listeners, Musk explained his plan for xAI to use Twitter data to train superintelligent AI that is "maximally curious" and "truth-seeking."

Persons: Elon Musk, Sam Altman, Musk, Mark Zuckerberg, —, Meta's Mark Zuckerberg, he's, OpenAI, Altman, Semafor, Ilya Sutskever, Jan Leike, Sam Altman — Organizations: Twitter, Intelligence

It is an unexpected truce between Sony, which makes Playstation consoles, and its far larger U.S. rival. Details have yet to be disclosed, and it's not clear why Sony, which Microsoft earlier offered a 10-year contract, has had a change of heart. Sony's video-game division reported digital software and content sales of $11 billion in the fiscal year to March. Yoshida has been selectively snapping up smaller gaming studios to beef up Playstation content, including splashing out $3.6 billion for developer Bungie. Details were not disclosed, but a Microsoft spokesperson clarified with various media that the deal is for 10 years.

Persons: it's, Boss Kenchiro Yoshida, Yoshida, Phil Spencer, Una Galani, Thomas Shum Organizations: Reuters, Activision Blizzard, Sony, Activision, Microsoft, Nintendo, Nvidia, U.S, UK Competition, Markets Authority, Bungie, Nikkei, Federal Trade, Thomson Locations: HONG KONG, U.S

☆ Brazil meat lobby says UK has used rules for chicken exporting plants
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, July 17 (Reuters) - Brazilian meat lobby ABPA, which represents pork and poultry processors, said on Monday Britain had approved a "pre-listing" model for chicken exporting plants based in the South American country. Under the system, all companies that wish to ship chicken to the UK market must be approved by the Brazilian Agriculture Ministry, no longer requiring British authorities to clear individual suppliers. In April, Britain raised chicken import quotas from Brazil to 96,500 metric tons per year, up 16,600 metric tons from the previous threshold, generating a potential annual increase of around $60 million in revenue from exports to the UK. It was the first British audit mission abroad after Brexit, the Brazilian government said. Reporting by Ana Mano and Peter Frontini; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: ABPA, Ana Mano, Peter Frontini, Alex Richardson Organizations: SAO PAULO, Britain, Brazilian Agriculture Ministry, Thomson Locations: Britain, Brazil

☆ There's going to be a lot less new TV for a while. And that's brilliant.
▼ + stars: | 2023-07-16 | by ( Chris Johnston | ) www.businessinsider.com time to read: +4 min

Hollywood is facing its first strike by both writers and actors in more than six decades. It's going to mean a lot less new television this year, but that may not be such a bad thing. Almost 600 scripted TV shows were released in the United States alone last year. If that is the case, there might be a very big silver lining for us viewers: a break from the relentless release of new TV shows. Likewise with Donald Glover's often truly astonishing piece of performance art masquerading as television that's also known as "Atlanta."

Persons: they're, Jonathan Handel, you'd, I've, They're, Jeffrey Dahmer, Max, Donald Glover's, that's Organizations: Hollywood, Writers Guild of America, Netflix, Apple, Paramount, Lionsgate Locations: United States, Hollywood, Hulu

☆ Why US Treasury Secretary Yellen’s visit to a Beijing restaurant set off a wild mushroom craze
▼ + stars: | 2023-07-15 | by ( Maggie Wong | Maggie Hiufu Wong | ) edition.cnn.com time to read: +12 min

Among the dishes the food blogger claimed to have spotted were grilled fish with herbs, stir-fried pickled Yunnan wild greens with potato slices and cold rice noodles. She ordered four portions of jian shou qing (a Yunnan wild mushroom species). But the most heated discussions were focused on the multiple orders of the mushroom dish – jian shou qing. Jian shou qing, Yunnan’s mysterious mushroomsBaskets of jian shou qing mushrooms, foraged from a Yunnan forest. Chieu Luu/CNNThe fact that Yellen and her team visited a Yunnan restaurant shouldn’t come as a surprise.

Persons: Hong Kong CNN — It’s, Janet Yellen, jian shou qing, Yi Zuo Yi Wang, ”, Pan Pan Mao, ” Pan Pan Mao, Yellen, Mark Schiefelbein, Yellen’s, Jian shou qing, Colin Domnauer Jian shou qing, “, Peter Mortimer, Mortimer, Jun Xu, they’re, Luu, Dian Cai –, Ng Mung Lam, Ng, Yellen's, Leisa Tyler, LightRocket Organizations: Hong Kong CNN, Weibo, CNN, Kunming Institute of Botany, African, Getty, Botanical Society of, Xinhua, CNN Travel Locations: Hong Kong, Beijing, China, Yunnan, Vietnam, Laos, Myanmar, Weibo, India, Yunnan Province, Botanical Society of Yunnan, China’s, Shenzhen, Chuxiong prefecture, pu’er

☆ Paraguay 'would love' more China trade, Taiwan still better for development
▼ + stars: | 2023-07-15 | by ( Ben Blanchard | ) www.reuters.com time to read: +2 min

TAIPEI, July 15 (Reuters) - Paraguay "would love" to do more trade with China, but Taiwan offers the best bet for moving the largely agricultural economy up the value chain, the country's president-elect Santiago Pena said on Saturday on a visit to Taipei. Paraguay is the last South American country with formal relations with Taiwan, which China claims as its own territory. Honduras ended decades of ties in favour of Beijing this year, and only 13 countries now recognise Taiwan. "We have no constraints on doing trade with China. We would love to do more trade with the PRC," he said, referring to the People's Republic of China.

Persons: Santiago Pena, Pena, Tsai Ing, Wang Mei, Tsai, William Lai, Lai, Ben Blanchard, William Mallard Organizations: Thomson Locations: TAIPEI, Paraguay, China, Taiwan, Taipei, American, Honduras, Beijing, People's Republic of China, Brazil, United States

☆ Conagra Brands forecasts dour sales as higher prices hit demand
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

July 13 (Reuters) - Conagra Brands Inc (CAG.N) on Thursday forecast annual sales and profit below Wall Street estimates, in a sign that higher prices were starting to eat into demand for the Slim Jim beef jerky maker's frozen foods and other packaged meals. The company, like other global packaged food makers, has been steadily raising product prices over the past few years to counter spiraling costs, and had faced little resistance from consumers until recently. Persistent inflation has eroded budgets at many American households, forcing consumers to trade down from branded packaged food products to cheaper private-label alternatives, which has impacted sales at Conagra. The company expects 2024 organic net sales growth to be 1% higher than 2023, while analysts on average were expecting an increase of 2.77%, according to Refinitiv estimates. Full-year adjusted EPS is expected between $2.70 and $2.75, compared with analysts' average estimate of $2.85 per share.

Persons: Slim, Mehr Bedi, Aatrayee Chatterjee, Shinjini Organizations: Conagra Brands Inc, Wall, Thomson Locations: Bengaluru

☆ Argentines tighten wallets to fight spiraling inflation
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

BUENOS AIRES, July 13 (Reuters) - Argentines are tightening their wallets to make end meets as the South American country battles inflation which could surpass 140% on an annual basis this year, hunting for the cheapest prices on basic goods to shield their income. Inflation in the 12 months through June hit 115.6%, official data showed on Thursday. While Argentines are on track this year to keep up their high steak consumption, higher prices are taking a bite out of their selections. Analysts forecast that annual inflation could close this year at 142.4% compared to 94.8% last year, according to a central bank poll, steadily cutting away at consumers' purchasing power in Latin America's third-largest economy. The country is seeking adjustments as rising inflation, a weakening peso and a historic drought hamper exports and financial reserves.

Persons: INDEC, Gabriel Segovia, Sergio Massa, Annabella Paez, Horacio Soria, Sarah Morland, Susan Heavey, Diane Craft Organizations: Economy, Analysts, International Monetary Fund, Reuters, IMF, Thomson Locations: BUENOS AIRES, American, Buenos Aires, Argentine, Candelaria

☆ Another earnings season begins, but investors are already looking beyond it
▼ + stars: | 2023-07-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —As the second-quarter earnings season kicks off this week, investors want answers on the health of the United States’ companies and its economy. The projected second-quarter earnings decline for companies listed in the S&P 500 is roughly 7.6% compared to the prior year, according to FactSet. That would be the third consecutive quarter of declines and the largest earnings decline reported by the broad-based index since a roughly 32% loss during the second quarter of 2020. But investors will be looking even more closely at what companies forecast for their financial performance and the broader economy. Energy secretary vows to replenish Strategic Petroleum ReserveEnergy Secretary Jennifer Granholm said the United States will refill the depleted Strategic Petroleum Reserve, reports my colleague Matt Egan.

Persons: It’s, ”, Paul Eitelman, What’s, Steve Wyett, Jennifer Granholm, Matt Egan, Joe Biden, “, ” Granholm, Biden, Granholm, ” Read, Danielle Wiener, ” Jared Bernstein, Read Organizations: CNN Business, Bell, New York CNN, United, Wealth Management, Gross, North America, Russell Investments, Macy’s, Costco, JPMorgan Chase, Citigroup, BOK Financial, Energy, Strategic Petroleum Reserve Energy, Strategic Petroleum Reserve, CNN, The Energy Department, Bronner, of Labor Statistics, of Economic Advisers Locations: New York, United States, Wells Fargo, BlackRock, Ukraine, That’s

LOS ANGELES, July 12 (Reuters) - Nominations were announced on Wednesday for the Emmy Awards, the highest honors in television. Following is a list of nominees in key categories. The awards are scheduled to be handed out in a televised ceremony in Los Angeles on Sept. 18. BEST DRAMA SERIES"Andor""Better Call Saul""The Crown""House of the Dragon""The Last of Us""Succession""The White Lotus""Yellowjackets"BEST COMEDY SERIES"Abbott Elementary""Barry""Jury Duty""The Bear""The Marvelous Mrs. Maisel""Only Murders in the Building""Ted Lasso""Wednesday"BEST LIMITED OR ANTHOLOGY SERIES"Beef""Black Bird""Dahmer-Monster: The Jeffrey Dahmer Story""Daisy Jones & The Six""Fleishman is in Trouble""Obi-Wan Kenobi"BEST COMEDY ACTORBill Hader, "Barry"Martin Short, "Only Murders in the Building"Jason Sudeikis, "Ted Lasso"Jeremy Allen White, "The Bear"Jason Segel, "Shrinking"BEST COMEDY ACTRESSChristina Applegate, "Dead to Me"Rachel Brosnahhan, "The Marvelous Mrs. MaiselQuinta Brunson, "Abbott Elementary"Natasha Lyonne, "Poker Face"Jenna Ortega, "Wednesday"BEST DRAMA ACTORBrian Cox, "Succession"Kieran Culkin, "Succession"Bob Odenkirk, "Better Call Saul"Pedro Pascal, "The Last of Us"Jeremy Strong, "Succession"Jeff Bridges, "The Old Man"BEST DRAMA ACTRESSMelanie Lynskey, "Yellowjackets"Elisabeth Moss, "The Handmaid's Tale"Bella Ramsey, "The Last of Us"Sarah Snook, "Succession"Sharon Horgan, "Bad Sisters"Keri Russell, "The Diplomat"BEST ACTOR, LIMITED SERIES OR MOVIETaron Egerton, "Black Bird"Evan Peters, "Dahmer-Monster: The Jeffrey Dahmer Story"Daniel Radcliffe, "Weird: The Al Yankovic Story"Michael Shannon, "George & Tammy"Steven Yeun, "Beef"Kumail Nanjiani "Welcome to Chippendales"BEST ACTRESS, LIMITED SERIES OR MOVIELizzy Caplan, "Fleishman Is In Trouble"Dominique Fishback, "Swarm"Riley Keough, Daisy Jones & The Six"Jessica Chastain, "George and Tammy"Ali Wong, "Beef"Kathryn Hahn, "Tiny Beautiful Things"Reporting by Danielle BroadwayOur Standards: The Thomson Reuters Trust Principles.

Persons: Saul, Abbott, Barry, Ted Lasso, Dahmer, Jeffrey Dahmer, Daisy Jones, Obi, Wan, Bill Hader, Martin, Jason Sudeikis, Jeremy Allen White, Jason Segel, Christina Applegate, Rachel Brosnahhan, Maisel Quinta Brunson, Natasha Lyonne, Jenna Ortega, Brian Cox, Kieran Culkin, Bob Odenkirk, Pedro Pascal, Jeremy Strong, Jeff Bridges, Melanie Lynskey, Elisabeth Moss, Bella Ramsey, Sarah Snook, Sharon Horgan, Keri Russell, Egerton, Evan Peters, Daniel Radcliffe, Al Yankovic, Michael Shannon, George, Tammy, Steven Yeun, Lizzy Caplan, Dominique Fishback, Riley Keough, Jessica Chastain, Ali Wong, Kathryn Hahn, Danielle Broadway Organizations: Thomson Locations: ANGELES, Los Angeles

☆ Grocery prices held steady in June, offering some relief
▼ + stars: | 2023-07-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Grocery prices stayed steady in June after ticking up in May, offering some relief to shoppers. Together, food prices rose 0.1% for the month, according to the latest Consumer Price Index, released Wednesday by the Bureau of Labor Statistics. In that time, grocery store prices grew 4.7%, while menu prices went up by 7.7%. “We’ve seen a persistent slowing of grocery prices,” Jared Bernstein, chair of the Council of Economic Advisers, a group that advises the president, told CNN. How prices changed in JuneFrom May to June, when grocery prices stayed flat, some specific items notched increases.

Persons: “ We’ve, Jared Bernstein, ”, Jordan Vonderhaar, Ham, Bacon, Milk, Bernstein Organizations: New, New York CNN, Bureau of Labor Statistics, BLS, of Economic Advisers, CNN, Bloomberg, Getty, Assistance, SNAP Locations: New York, Ukraine

☆ AXA’s XL cleanup would be logical, if belated
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

The boss of $66 billion AXA (AXAF.PA) bought XL Group back in 2018 to beef up its position insuring against storms and other catastrophes. AXA XL’s reinsurance arm, about 10% of group revenues, also drove pricing up 7% last year. Based on AIG’s (AIG.N) recent sale of its reinsurance arm Validus Re, which was done at 1.4 times book value, XL’s reinsurance unit might be valued at around $2.8 billion. The extra cash may help placate investors that never much liked the deal, given that the contribution to earnings from XL should now be more stable. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Thomas Buberl, Aimee Donnellan, George Hay, Oliver Taslic Organizations: Reuters, AXA, XL Group, XL, Twitter, Thomson Locations: U.S, China

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