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☆ Federal Authorities Break Up Multimillion-Dollar Catalytic Converter Theft Ring
▼ + stars: | 2022-11-03 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Federal authorities took a big crack at catalytic converter thefts, announcing raids and arrests from California to New Jersey on Wednesday to break up a network of thieves, dealers and processors that netted hundreds of millions of dollars from the fast-growing crime. Catalytic converters are cylindrical hunks of metal in the exhaust system of most cars that use pricey metals such as platinum, palladium and rhodium to break down harmful gasses into less harmful ones. Thefts have been skyrocketing in recent years as thieves using battery-powered saws and high-speed jacks make off with the devices in less than a minute.

Yields on U.S. Treasury securities, which had dropped sharply after the Fed statement was released, turned higher. The 2-year note - the bond maturity most sensitive to Fed policy expectations - was up 6 basis points to about 4.61%. The document "implied that (the Fed) may be aiming for a higher medium-term level for the fed funds rate than currently expected," Nelson said. The language in the policy statement acknowledged the broad debate that has emerged around the Fed's policy tightening, and opened a new stage in that discussion. The Fed's statement "was a lot more definite about a possible downshift than I thought it would be.

☆ A 27-year-old real estate investor who owns 9 rental properties shares what it's like to be a landlord, including the biggest challenges and hacks that save him time
▼ + stars: | 2022-10-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investor Stephen Yin spoke to Insider about the realities of being a landlord. Yin is based in Los Angeles for his day job but buys real estate in Birmingham, Alabama, where he grew up. But when I'm not actively buying, I don't spend much time on real estate." Especially if you're investing out-of-state, having a good property manager on your team is completely worth the cost, he said. But, ultimately, "the stress is totally worth it," said Yin, who hopes to build generational wealth through real estate investing.

☆ French economy ekes out meagre growth in Q3, inflation hits record high
▼ + stars: | 2022-10-28 | by ( Richard Lough | ) www.reuters.com time to read: +3 min

France's economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the INSEE official statistics agency showed. After two consecutive months of slowing inflation in France that bucked the wider euro zone trend, consumer prices surged in October. Food prices were up 11.8% annually while energy prices soared 19.2%. The data came a day after the European Central Bank raised interest rates again, worried that rapid price growth is becoming entrenched. The outlook for France, remained difficult with inventories likely to make a negative contribution to growth from the next quarter, ING analysts said.

☆ A real estate investor who bought his first property at age 24 and now owns 11 rental units shares his top advice for new investors, including how to negotiate and where to buy: 'Look at the Sun Belt'
▼ + stars: | 2022-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

"Some of the greatest investors have focused on real estate, such as Sam Zell," he added, referring to the billionaire who has been called the "forefather of modern real estate investment trusts." It was a single-family home in Birmingham, Alabama that he purchased with a friend for $40,000. Focus on the Sun BeltChances are, you've heard the saying "location, location, location" from a real estate agent or investor. Interview multiple lendersUnless you're buying real estate with cash, you'll need to work with a mortgage lender. He took them to lunch and asked questions about how comfortable they are doing residential real estate and what markets they do most of their deals in.

Brent crude futures fell 3 cents to settle at $92.38 a barrel. read moreThe U.S. dollar index pared losses after the comments, weighing on oil prices. A stronger dollar reduces demand for oil by making the fuel more expensive for buyers using other currencies. "Harker is saying that the war on inflation has just begun," said Phil Flynn, analyst at Price Futures Group in Chicago. The announcement, however failed to ease oil prices, as official U.S. data showed that the SPR last week dropped to their lowest since mid-1984, while commercial oil stocks fell unexpectedly.

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File PhotoSummary China mulls cutting quarantine time for visitors - reportLooming EU ban on Russian oil, OPEC+ cuts supportiveU.S. oil reserve sales plan fails to dampen pricesNEW YORK, Oct 20 (Reuters) - Oil prices edged higher on Thursday on news China is considering easing COVID-19 quarantine measures for visitors, boosting hopes for increased energy demand in the world's top oil importer. Brent crude futures rose 6 cents to $92.47 a barrel by 12:58 p.m. EDT (1658 GMT). China, the world's largest crude importer, has stuck to strict COVID curbs this year, which weighed heavily on business and economic activity, lowering demand for fuel. The announcement, however failed to ease oil prices, as official U.S. data showed that the SPR last week dropped to their lowest since mid-1984, while commercial oil stocks fell unexpectedly.

☆ Oil prices rise on possible easing in China COVID quarantine measure
▼ + stars: | 2022-10-20 | by ( Emily Chow | ) www.reuters.com time to read: +4 min

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. U.S. West Texas Intermediate crude for November delivery (WTI) , which expires on Thursday, rose $1.29, or 1.5%, to $86.84 per barrel. Bloomberg news reported on Thursday that China is considering cutting the quarantine period for inbound visitors to seven days from 10 days, citing people familiar with the matter. "Short of an unlikely shale oil revival, there are few lasting policy measures the Biden administration can use to effective push oil much lower." "EU sanctions on Russian oil imports will likely become the focus of the oil market in coming weeks... We expect Brent oil futures to average $100 per barrel in Q4 2022 on the back of supply disruption from the EU sanctions," Dhar added.

☆ Oil prices mixed amid uncertain demand, supply concerns
▼ + stars: | 2022-10-20 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

REUTERS/Nick Oxford/File PhotoSINGAPORE, Oct 20 (Reuters) - Oil prices were mixed on Thursday as investors balanced caution over tightening supply against concerns that a global slowdown could curb demand. "Oil prices are being whipsawed by a number of drivers in Q4 2022," said Commonwealth Bank commodities analyst Vivek Dhar in a note. Upward pressure though is coming from OPEC+ supply cuts and imminent EU sanctions on seaborne imports of Russian oil and refined production." Global recession concerns and the potential for another aggressive U.S. rate hike were clouding the outlook for oil prices, said CMC Markets analyst Leon Li. "Therefore, oil prices would return to a downtrend after a short-term rebound," he said.

REUTERS/Nick Oxford/File PhotoOct 20 (Reuters) - Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections. In remarks Wednesday, U.S. president Joe Biden said he plans to sell 15 million barrels of crude oil from the Strategic Petroleum Reserve and repurchase oil if prices fall enough. The reserve release would be the last sale from the planned sale of 180 million barrels of oil announced shortly after Russia invaded Ukraine in February. U.S. crude inventories fell unexpectedly last week - down 1.7 million barrels, weekly government data showed, against expectations for a build of 1.4 million barrels. SPR levels fell 3.6 million barrels to just over 405 million, the lowest since May 1984.

☆ Energy, inflation crises risk pushing big economies into recession - OECD
▼ + stars: | 2022-09-26 | by ( Leigh Thomas | ) www.reuters.com time to read: +3 min

PARIS, Sept 26 (Reuters) - Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday. The Paris-based policy forum was particularly pessimistic about the outlook in Europe - the most directly exposed economy to the fallout from Russia's war in Ukraine. "The global economy has lost momentum in the wake of Russia's unprovoked, unjustifiable and illegal war of aggression against Ukraine. GDP growth has stalled in many economies and economic indicators point to an extended slowdown," OECD Secretary-General Mathias Cormann said in a statement. The OECD forecast that the world's biggest economy would slow from 1.5% growth this year to only 0.5% next year, down from June forecasts for 2.5% in 2022 and 1.2% in 2023.

☆ Energy, inflation crises risk pushing big economies into recession: OECD
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: +2 min

Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday. "The global economy has lost momentum in the wake of Russia's unprovoked, unjustifiable and illegal war of aggression against Ukraine. GDP growth has stalled in many economies and economic indicators point to an extended slowdown," OECD Secretary-General Mathias Cormann said in a statement. The OECD was particularly gloomy about Germany's Russian-gas dependent economy, forecasting it would contract 0.7% next year, slashed from a June estimate for 1.7% growth. The OECD warned that further disruptions to energy supplies would hit growth and boost inflation, especially in Europe where they could knock activity back another 1.25 percentage points and boost inflation by 1.5 percentage points, pushing many countries into recession for the full year of 2023.

☆ Hedge funds dashed to exit energy positions last week, bank data show
▼ + stars: | 2022-09-24 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. And on Friday, oil prices hit their lowest since January as recession fears gripped world markets. DG Partners is up 5.2% so far this month and 37% for the year, according to a source familiar with the matter. The momentum that fueled a stable upward rise in oil prices has changed, said another manager who oversees more than $100 billion and for compliance reasons wished to remain anonymous. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nell Mackenzie Editing by Mark Potter and Peter GraffOur Standards: The Thomson Reuters Trust Principles.

☆ Hedge funds dashed to exit energy positions last week, data show
▼ + stars: | 2022-09-23 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

REUTERS/Nick OxfordLONDON, Sept 23 (Reuters) - Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to miss this week's whipsaw moves in oil, according to data from two banks. It could be a sign that hedge funds, which often discover trading ideas from market trends, are finding it too tough to bring in the kind of paydays they received from the surge in oil prices earlier this year. And on Friday, oil prices hit their lowest since January as recession fears gripped world markets. His firm had an "amazing run" trading energy futures the first quarter but eventually, the trend ended. The momentum that fueled a stable upward rise in oil prices has changed, said another manager who oversees more than $100 billion and for compliance reasons wished to remain anonymous.

☆ Oil rises as supply fears overtake recession worries
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: +2 min

Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. Brent crude futures rose 50 cents, or 0.6%, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade. U.S. West Texas Intermediate crude rose 45 cents to $83.39. Meanwhile, some Chinese refineries are considering increasing runs in October, eyeing stronger demand and a potential reversal of Beijing's fuel export policy, which could boost crude oil demand.

☆ Wall Street is on a knife's edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife's edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses , effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄...You get the idea.

☆ Wall Street is on a knife’s edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife’s edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses, effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄…You get the idea.

☆ Începe Pepiniera, seria de concerte care aduce trupele noi românești pe scena din Chișinău
▼ + stars: | 2021-06-25 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Începe Pepiniera, seria de concerte care aduce trupele noi românești pe scena din ChișinăuAnul acesta, Pepiniera înseamnă 18 concerte, în trei orașe din România și Republica Moldova, prin care organizatorii își propun să susțină trupele tinere, la început de drum, dar care promit prin calitatea muzicii și a fan-base-ului local și nu numai. Cele 18 concerte vor avea loc în aer liber, în grădinile celor trei locații partenere, iar fanii vor putea susține trupele preferate printr-un sistem de donație, la intrarea în concert. În perioada 24 iunie – 05 septembrie, orașele Bacău, Galați și Chișinău se vor bucura de seria de concerte Pepiniera, susținută prin programul Comisiei Europene – Music Moves Europe. ”Calendarul concertelor Pepiniera la Chișinău# Melting Dice: 27 iunie – curtea Artcor. Proiectul Pepiniera este fondat de Overground Music și co-finanțat de Comisia Europeană prin proiectul Music Moves Europe.

Persons: Melting Dice, Codruț Dumitrescu, Pepiniera, byron, Lucia Organizations: Europe, Europene, Comisia Europeană, Music, Europeană, Overground Locations: Chișinău, România, Republica Moldova, Pinholes, Rockabella, Bacău, Galați, Europe, Overground Music, Backstabbers, Grimus, Jurjak

Best of: Locurile în Chișinău unde poți găsi cele mai gustoși burgeriEchipa #diez caută cele mai interesante locuri din Chișinău. Pentru localurile cu cele mai bune burgere ne-am condus după recomandările din comunitățile de pe Facebook: Ask a Man și Sfaturi Pidijeaba. Uptown CafeFiecare a treia persoană va spune că aici se găsesc cele mai bune burgere din Chișinău. 4/5 steluțe pe TripAdvisor, din 45 recenzii. Oky Doky CafeOrice persoană care a fost în SUA și a gustat un burget de la Oki Doki spune că este unul foarte bun.

Persons: Ask, Man, Cineva, Jack’s Bar, Oky, Gastrobar, Burger Organizations: Facebook, Buffalo Steak, Jack’s, Western Locations: Chișinău, Buffalo, Jacks, SUA, Chef, Kiras

Story highlights Jooney Woodward took portraits of show animals and their handlers in the UK The livestock shows are just as much business events as they are social gatheringsCNN —Every year, animal handlers travel throughout England and Wales to compete at agricultural shows. Jooney Woodward’s “Best in Show” is a documentation of those competitions, with photos that place a spotlight on the handlers and their animals. “When you go to (the shows), they tend to be all about the animals – people photographing the animals,” Woodward said. They’re really devoted and hardworking.”While those involved with the competitions are the focus of many press photographers, Woodward’s work stands out for its distinctive portraiture style. Photographer Jooney WoodwardWoodward said that when photographing Jamie and his Jersey cow, his happiness and smile made her want to “share that sense of enjoyment” that handlers have when competing with their animals in the shows.

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