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"It's a once-in-a-lifetime opportunity for Japan to finally see a positive wage-inflation cycle kick off," said one of the sources. Were the BOJ to tweak YCC, the most likely first step would be either to hike the 10-year yield target, or widen the implicit 50-basis-point band set around it. LOW RATES NOT FOREVERThe BOJ rules out using rate hikes to stem yen falls, as Japanese law gives the government, not the central bank, jurisdiction over exchange-rate policy. In April, dovish board member Asahi Noguchi said wages must rise by nearly 3% for the BOJ to tweak its ultra-loose policy. Yields on super-long bonds have risen to multi-year highs despite the BOJ's aggressive bond buying, casting doubt on the effectiveness of YCC.
Ex-Meta marketing exec Jennifer Kattula quit after 11 years to "take the leap" into Web3. The call piqued her interest and she began to research crypto and Web3 — both still nascent industries. Former Meta marketing executive Jennifer Kattula, now senior vice president of marketing at Polygon. Interest in Web3 and crypto was peaking, with bullish investors pouring a record $30 billion into crypto ventures that year. But Kattula's first foray into crypto did not go smoothly, and she left Celsius after less than six months in April 2022.
LONDON, Oct 25 (Reuters) - Trading house Mercuria Energy Group has bought back the minority stake that Chinese state-owned ChemChina held in the Geneva-based company since 2016, a spokesperson for Mercuria said on Tuesday. ChemChina was China's largest chemical group and owned 530,000 barrels per day (bpd) of refining capacity when it bought a 12% stake in Mercuria during an expansionary phase by many Chinese firms. ChemChina bought Swiss fertiliser and pesticide maker Syngenta the same year for $43 billion. Before the merger, ChemChina was poised to increase its stake in Mercuria in 2018. In return, Mercuria was set to gain a stake in the Chinese giant, but the deal did not go ahead.
As part of a special early Halloween promotion, Zagg screen protectors, wireless chargers, phone cases, and much more are 25% off through October 26. The best Zagg Halloween Sale dealsDeal icon An icon in the shape of a lightning bolt. $37.49 from Zagg Originally $49.99 Save 25%Deal icon An icon in the shape of a lightning bolt. $112.46 from Zagg Originally $149.95 Save 25%Deal icon An icon in the shape of a lightning bolt. Deal Zagg Pro Keys with Trackpad If you use your iPad a lot, a keyboard case can make a big difference in your tablet’s utility.
Dozens of measles cases have cropped up in Gambia this year, a spike over previous years. The measles campaign was rescheduled for 2021, but in July of that year polio was detected in a water sample. Over the years, the success of the measles vaccine has numbed many to these risks, health experts say. At the time, 86% of children had at least the first dose of the measles vaccine worldwide, according to WHO estimates. FUNDS REJECTEDThe U.S. CDC has identified 12 African countries as having no clear plans or secured resources for their next measles vaccination drive.
There's a flashing red warning sign hitting one of the biggest segments of the US economy: the housing market. This is all a recipe for disaster, and it could ultimately lead to a 20% decline in housing prices, according to Pantheon Macro's chief economist Ian Shepherdson. The housing market is in free fall with "no floor in sight." Pantheon Macroeconomics' chief economist Ian Shepherdson is sounding the alarm on the housing market, warning that home prices could fall as much as 20%. The price movement has some scratching their heads, given that demand for lumber is largely tied to the housing market, which can't get out of its own way due to soaring mortgage rates.
LONDON — U.K. Prime Minister Liz Truss is reportedly locked in discussions with a key member of the Conservative Party who oversees leadership challenges, as speculation mounts that her tenure is nearing an end. Truss is meeting with Graham Brady, the Conservative politician that is in charge of leadership votes and reshuffles. Brady chairs the 1922 Committee — the group of Conservative MPs without ministerial positions who can submit letters of no confidence in the prime minister. As the meeting went on, Deputy Prime Minister Therese Coffey and Conservative Party Chair Jake Berry both entered Downing Street. "That is also what the Prime Minister wants."
The technology platform — called Teligen — was developed by DePuy Synthes, a J & J subsidiary under the medical technology umbrella. J & J said Thursday it expects Teligen to be available in the U.S. later this year. J & J CEO Joaquin Duato, who took over the role earlier this year, has spoken about the complementary nature of the med tech and pharmaceutical divisions. That's where Johnson & Johnson is going to play, in that intersection. We like owning J & J for its defensive characteristics right now, while all three divisions are under the same roof.
Elon Musk made a clear distinction between himself and Warren Buffett on an earnings call. "I'm not Warren Buffett," Musk said on the call. "I'm not Warren Buffett's biggest fan, frankly," Musk said last year. After Musk dismissed Buffett's idea of competitive moats as "lame" in 2018, the Berkshire chief responded: "Elon may turn things upside down in some areas. Read more: David Rubenstein sees Warren Buffett as the ultimate investor.
Elon Musk said Tesla's value could exceed $4.4 trillion, and Twitter could be worth $400 billion. The Tesla CEO said he's not an investor like Warren Buffett, and teased a $10 billion stock buyback. "I see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined. I see a way for Tesla to be roughly twice the value of Saudi Aramco. Even if next year is a very difficult year, we still have the ability to do a $5 billion to $10 billion buyback."
JPMorgan Hires Crypto Policy Head From Celsius Network
  + stars: | 2022-10-19 | by ( Mengqi Sun | ) www.wsj.com   time to read: +3 min
JPMorgan Chase & Co., whose chief executive recently expressed skepticism of cryptocurrency, has hired a crypto policy head from bankrupt cryptocurrency lender Celsius Network LLC. Aaron Iovine has joined the bank as executive director of digital assets regulatory policy, a spokeswoman for JPMorgan said on Wednesday. Mr. Iovine served as head of policy and regulatory affairs at Celsius between February and September of this year. Mr. Iovine was its head of policy and regulatory affairs when he left the bank. Bloomberg Law first reported the hire Wednesday, saying Mr. Iovine joined JPMorgan this week.
Italian economy faces threat from climate change - central bank
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +2 min
A person holds an umbrella by the Milan's Duomo cathedral at Duomo square, as temperatures soar during a heatwave in Milan, Italy, July 21, 2022. REUTERS/Massimo Pinca/File PhotoROME, Oct 19 (Reuters) - Rising temperatures risk stunting the growth of the Italian economy over the coming decades, with sectors such as agriculture and tourism among the hardest hit, a Bank of Italy research project said on Wednesday. Gross domestic product per person could fall by anything between 2.8 and 9.5% by 2100 compared with baseline estimates, the report added. Resorts at lower levels faced the greatest risk, with artificial snow unable to compensate fully for the absence of the genuine article. Register now for FREE unlimited access to Reuters.com RegisterWriting by Keith Weir, editing by Alvise Armellini and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Musk says excited by Twitter deal despite overpaying
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +2 min
OAKLAND, Calif., Oct 19 (Reuters) - Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc (TWTR.N), although he and other investors were overpaying for the social media company. Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker's quarterly report. The world's richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal. A Delaware judge ordered a pause to Twitter Inc's (TWTR.N) lawsuit against Elon Musk, giving the billionaire until Oct. 28 to close the deal. Tesla investors feared that the billionaire may sell more Tesla stocks to finance the deal and may be spreading himself too thin, pulling down shares.
Other recent investments include Bumble, Goop, Spring Health, Chief, Found, Daily Harvest, and Blueland. Recent investments include the sneaker-trading platform Tradeblock, which touts itself as an alternative to StockX and Goat. Recent investments include AnyDistance, Balanced, and Juna. Her recent investments include Calibrate, DUOS, Dutch, and Buffalo Market, a food distributor focused on plant-based and organic foods. Recent investments include pickleball products company Revolin, live-sports artificial-reality company Quintar, recovery products company Alleviate, and community cycling app Preem.
LONDON — Russia said on Tuesday that four Ukrainian regions whose annexation it proclaimed last month are under the protection of its nuclear arsenal. The statement from the Kremlin came at a moment of acute tension, with both NATO and Russia expected to hold military exercises shortly to test the readiness of their nuclear weapons forces. NATO is conducting nuclear preparedness exercises this week and has said it expects Russia to hold its own nuclear drills imminently, but Peskov said he had no information on that. Putin last month proclaimed that the territories Moscow was taking from Ukraine would be part of Russia “for ever”. Russia has lost ground in the four regions even since it claimed control over them in a lavish Kremlin ceremony on Sept. 30.
Oct 18 (Reuters) - Russia's defence ministry said on Tuesday that two of its Tu-95MS strategic bombers had conducted a flight of more than 12 hours over the Pacific Ocean, the Bering Sea and the Sea of Okhotsk. The aircraft were escorted by MiG-31 fighter planes, and refuelled while in the air, the ministry said. NATO is conducting nuclear preparedness exercises this week and has said it expects Russia to hold its own nuclear drills imminently. U.S. officials have said they expect the Russian exercises to include the test launch of ballistic missiles. Western officials are concerned about the timing of the Russian exercises but have expressed confidence in their ability to discern the difference between a Russian drill and any move by Putin to make good on his threats.
Fintech company Cardless has partnered with Simon to create a high-earning cash back credit card. Cardless Simon American Express Credit Card: Earn up to 5% backCardless is a financial technology firm, currently offering credit cards for brands such as the Boston Celtics, Cleveland Cavaliers, and LATAM Airlines. Cardless has partnered with Simon to create the Simon® American Express® Credit Card from Cardless. That's 25% more cash back than you'll get for unbonused purchases with the Simon® American Express® Credit Card from Cardless. Bottom lineThere are several unknowns regarding the Simon® American Express® Credit Card from Cardless.
Omar Raja joined ESPN in 2020 and is the face of the "SportsCenter" Instagram account. ESPN averages more than 400 social posts a day and has focused more on TikTok recently. Raja, 28, honed his craft as a teenager compiling "Call of Duty" clips on YouTube and, more famously, by creating the basketball-focused Instagram account House of Highlights. Raja is the face of the account — the bio reads, "I'm @Omar and this is SportsCenter!" Raja has helped grow the "SportsCenter" presence on Instagram to 32 million followers, from about 15.4 million when he started.
Change Research conducted the online survey of 715 adult Black women voters who were recruited via web and text message. The majority of Black women who responded felt they are “under-represented,” or that “more representation” is needed. Black women represent 53% of Black eligible voters, slightly higher than all eligible voters (51%) in the country. Many gave mixed answers, expressing both excitement and optimism about the advances Black women have made and their power, as well as frustration about the state of the country and how Black women are treated. There are currently no Black women in the Senate after former California Sen. Kamala Harris won the vice presidency.
It’s the first model from Pininfarina, the legendary Italian firm that’s designed and built cars for other brands like Ferrari — but never came out with its own vehicle. The Pininfarina Battista. Tim Levin/InsiderAutomobili Pininfarina is technically separate from Pininfarina, the design house. Both under the umbrella of the Indian automotive giant Mahindra.
It’s the first model from Pininfarina, the legendary Italian firm that’s designed and built cars for other brands like Ferrari — but never came out with its own vehicle. The Pininfarina Battista. Tim Levin/InsiderAutomobili Pininfarina is technically separate from Pininfarina, the design house. Both under the umbrella of the Indian automotive giant Mahindra.
"In the latest battles after its control of Afrin, HTS now has a large security role compared to what it had. Turkey is the leading backer of mainstream rebel factions. Its strong military presence in northwest Syria has held back Russia and Damascus from seizing the remaining opposition area. Turkey had stepped up its intervention to end the fighting that left scores killed, a senior rebel commander who requested anonymity said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Suleiman Al-Khalidi; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.
The problem with ‘Black trauma porn’“Black trauma porn” – much like “disaster porn” or “poverty porn” – generally refers to graphic depictions of violence against Black people that are intended to elicit strong emotional responses. The implication is that these images can be needlessly traumatizing to Black viewers for whom violence is an inescapable fact of life. “There’s a difference between telling a story of Black trauma and telling a story that is ‘Black trauma porn.’”How Till avoids the trap of ‘trauma porn’What, then, is the line between a story of Black trauma and “Black trauma porn?”For Young, the distinguishing factor is context. Put bluntly, is that depiction of Black trauma intended to appeal to the sympathies of White people? It’s notable that many of the recent projects deemed to be “Black trauma porn” have been the work of Black creatives – an obvious reminder that Black people are not a monolith.
As CNBC Pro has previously reported, pet ownership in the U.S . is booming, and will help sustain a higher level of sales in the coming years. However, that 4% increase in pet ownership has resulted in an 11% gain in pet spending, it said. "Despite now being [circa] 30 months away from the start of the pandemic, pet care is still going strong," AllianceBernstein analysts wrote. That pace is faster than 8% global growth rate from 2021 to 2022 predicted by Euromonitor and Bernstein analysis, the report said. It owns Diana Pet Foods, and is the leading pet food ingredients company.
What Does Liability Insurance Cover?
  + stars: | 2022-10-15 | by ( ) www.wsj.com   time to read: +10 min
Personal liability insuranceIf you own a home or drive a car, you already have some liability insurance. Professional liability insuranceProfessional liability insurance covers small businesses or individuals who offer advice or services, such as accountants, financial advisors, doctors and lawyers. 3. Business liability insuranceThere are several forms of business liability insurance. Homeowners liability insuranceA standard homeowners or renters policy provides at least $100,000 worth of liability insurance. Business and professional liability insuranceCoverage needs for business or professional liability insurance vary based on the size, location and structure of your company, among other things.
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