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COVID-19 deaths and hospitalizations have been on the rise in the U.S. as fall approaches. Nearly 845 coronavirus deaths were reported for the week ending Aug. 19, according to provisional data from the Centers for Disease Control and Prevention. That’s up from about 520 deaths a month prior. Meanwhile, COVID-19 hospitalizations have been increasing in the U.S. for nine weeks, reaching more than 20,500 new hospital admissions during the week ending Sept. 9 – an increase of nearly 8% from the prior week. While the totals are smaller than in previous waves of the virus in the U.S., they mark noteworthy trends heading into the fall and winter seasons.

Persons: ” Peter Marks, ” Organizations: Centers for Disease Control, CDC, ”, Food, Drug Administration’s, Biologics, Research, EG Locations: U.S, COVID

☆ How Fiji’s historic Rugby World Cup victory left Australia facing the prospect of early elimination
▼ + stars: | 2023-09-18 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

CNN —Frank Lomani’s game-ending kick may have drifted wide of the posts, but that mattered little for Fiji’s players. As the final whistle blew on the Rugby World Cup group stage match, they could now celebrate beating Australia for the first time in the tournament’s history – and a first victory against the Wallabies since 1954. Soon after, the players huddled together and – as is a tradition for Fijian rugby teams – sang a hymn to give their thanks to God. Fiji's players form a circle after defeating Australia for the first time in 69 years. Two-time champion Australia could now be knocked out of the Rugby World Cup group stages for the first time.

Persons: CNN — Frank Lomani’s, Fijian rugby teams –, ”, Josua Tuisova, Mark Nawaqanitawase, Samu Kerevi, Olivier Chassignole, Suli Vunivalu’s, Simon Raiwalui, “, Sunday’s, Chris Hyde, Raiwalui, –, we’ve, they’ve, Waisea Nayacalevu, Francis Bompard, Fiji’s, Seremaia Bai, Bai, “ We’ve Organizations: CNN, Rugby World, Wallabies, Fijian rugby teams, Wales, Australia, Getty, Georgia, Fiji, England, Rugby, “, South, Super Rugby, New, ” Locations: Australia, Fiji, AFP, ”, rugby’s, South Africa, Portugal, Fijian, New Zealand, Argentina, Zealand, –

☆ Slipper returns to replace Tupou in Wallabies team to face Fiji
▼ + stars: | 2023-09-15 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +2 min

"Fiji is the most important match of our Rugby World Cup campaign," coach Eddie Jones said in a news release. "It's another big opportunity for our young side to keep getting better and we'll be ready on Sunday." The experienced Nic White will instead partner flyhalf Carter Gordon at halfback with rookie Issak Fines-Leleiwasa set to win his second test cap from the bench. Hooker Jordan Uelese has also recovered from injury and will back up starting rake David Porecki from the bench. Ben Donaldson, man of the match against Georgia after being brought into the side primarily for his place-kicking, retains the fullback spot ahead of Andrew Kellaway.

Persons: James Slipper, Andrew Boyers, ETIENNE, George Gregan, Adam Ashley, Cooper, Taniela Tupou, Stade Geoffroy, Eddie Jones, Jones, Tate McDermott, Nic White, flyhalf Carter Gordon, Issak, Rob Valetini, Samu Kerevi, Marika Koroibete, Mark Nawaqanitawase, Lock Nick Frost, Will Skelton, Hooker Jordan Uelese, David Porecki, Ben Donaldson, Andrew Kellaway, Jordan Petaia, Carter Gordon, Fraser McReight, Tom Hooper, Nick Frost, Angus Bell, Jordan Uelese, Blake Schoupp, Zane Nonggorr, Richie Arnold, Rob Leota, Lalakai Foketi, Nick Mulvenney, Peter Rutherford Organizations: Rugby Union, Wales, Evergreen Wallabies, Fiji, Georgia, Stade, Rugby World, Thomson Locations: Australia, Cardiff, Wales, Britain, Australian, Taniela, Fiji

☆ Donaldson shines as Australia down Georgia to snap losing streak
▼ + stars: | 2023-09-09 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +3 min

Donaldson, a surprise selection brought into the side primarily for his place-kicking, added 15 points from the tee with three penalties and three conversions. "There is a real feeling this team could do something," Eddie Jones said after the first victory of his second reign as Australia coach. "We've got a young team, it's a great learning experience for them. Georgia never looked like adding another top tier victim to their tally after wins over Italy and Wales in the last 13 months but battled to the bitter end and scored tries through Luka Ivanishvili and Beka Gigashvili. Australia head south for their second Pool C match in St Etienne on Sunday against a dangerous Fiji side who recently beat England.

Persons: Australia's Ben Donaldson, Livewire, Mark Nawaqanitawase, Jordan Petaia, Donaldson, Eddie Jones, We've, it's, Luka, Nawaqanitawase, Mirian Modebadze, flyhalf Luka Matkava, Davit Niniashvili, Taniela Tupou, flyhalf Carter Gordon, Akaki Tabutsadze, Gigashvili, Levan Maisashvili, Nick Mulvenney, Hugh Lawson, Ed Osmond Organizations: Georgia, Wallabies, Stade de France, Luka Ivanishvili, Blacks, Australia, Petaia, Georgians, flyhalf, Australians, Portugal, Sunday, England, Thomson Locations: Australia, Georgia, Italy, Wales, St Etienne, Fiji

☆ Russian Agricultural Bank could have SWIFT access within 30 days, UN tells Moscow
▼ + stars: | 2023-09-08 | by ( Michelle Nichols | ) www.reuters.com time to read: +5 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 8 (Reuters) - A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to "effectively enable access" for the bank to the international payments system within 30 days, the United Nations told Russia in a letter, seen by Reuters on Friday. A key Russian demand has been the reconnection of the Russian Agricultural Bank, Rosselkhozbank, to the SWIFT international payments system. "SWIFT has already confirmed that an expedited application process could be possible, bringing the time for effective access within 30 days," Guterres wrote. Russian fertilizer companies would also have to apply to national authorities within the EU for exemptions and the U.N. would engage with the EU on those requests. "The United Nations can help clarify the authorization process for different EU ports and work with Russian counterparts on obtaining the authorizations/permits pre-departure, if required."

Persons: Dado Ruvic, SWIFT, Antonio Guterres, Sergei Lavrov, Guterres, Lavrov, Russia's, RAB, John Neal, Lloyd's, Michelle Nichols, Chizu Organizations: REUTERS, Russian Agricultural Bank, United Nations, Reuters, RSHB Capital S.A, Russian, Black Sea Initiative, Russian Foreign Ministry, UN Secretariat, SWIFT, European Union, UN, RAB, Facility, Lloyd's, RIC, European Commission, Thomson Locations: Bosnia, Herzegovina, Luxembourg, Russia, United, Moscow, Turkey, Ukraine, London, Germany, Belgium, Spain, Netherlands

London CNN —It will be a bittersweet day for Britain’s royal family Friday as they mark not only the first year of King Charles III’s reign but the one-year anniversary of Queen Elizabeth II’s death. Charles is currently in Balmoral – the beloved royal property in Aberdeenshire where his mother retreated annually for a summer break. The Prince and Princess of Wales viewed the floral tributes to the Queen at Sandringham, September 15, 2022. The pair will then meet people from the local community – some of whom previously met Queen Elizabeth II during various visits to the city. For several royal experts, the King has used the past 12 months to blend the two reigns and strengthen the monarchy.

Persons: King Charles III’s, Queen Elizabeth II’s, Charles, King, King George VI, “, ”, Cecil Beaton, Vladimir’s Tiara, Prince, Princess, He’s, Wales, Queen, Karwai Tang, St ., St . Davids, David, Queen Elizabeth II, Duke, ” Prince Harry, Meghan, Duchess of, Sussex, Ruky, Yui Mok, ” Vernon Bogdanor, ” Charles’s, Craig Prescott, ” Prescott, King Charles, he’s, Prince William, Chris Jackson, Prescott, ” Bogdanor Organizations: CNN’s Royal, London CNN, Balmoral, CNN, Sandringham House, Sandringham, St, Davids, Invictus Games, Hurlingham, Press Association, Centre for British Politics, King’s College London, Royal Holloway, University of London, Getty Locations: London, Balmoral, Aberdeenshire, Wales, Britain’s, St, St . Davids, Pembrokeshire, Sussex, United Kingdom, Germany, Dusseldorf, Duchess of Sussex, Britain, Bournemouth

☆ 'We are ready to engage': Europe's biggest carmakers brace for China's EV challenge
▼ + stars: | 2023-09-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

BMW CEO Oliver Zipse speaks during the presentation of the new BMW "New Class" during an event ahead of the IAA motor show in Munich. Europe's dominant position in the automotive sector was established over many decades through its capacity to build superior combustion engines. The German behemoth has already created automotive software company CARIAD, as well as partnering with Chinese EV startup Xpeng, joint venture partner SAIC and autonomous driving company Horizon Robotics. watch nowHe added that Volkswagen has established "huge cost initiatives" and sees big opportunities to scale up its EV production while reducing battery production costs by 50%. Our electricity costs compared to China or North America are too high," Skoda CEO Klaus Zellmer told CNBC on Monday.

Persons: Oliver Zipse, Christophe Périllat, Luca De Meo, Ampere, De Meo, CNBC's Annette Weisbach, Oliver Blume, " Blume, Blume, Klaus Zellmer, Joe Biden's, BEV, Zellmer Organizations: BMW, IAA, Getty, CNBC, Volkswagen, Renault, IAA Mobility, SAIC, Horizon Robotics, Volkswagen Group, CRU Group, Skoda Locations: Munich, China, Europe, North America, U.S, Canada, Spain, Germany

☆ Salesforce isn't planning another 'major' round of layoffs and is hiring for critical roles, it says
▼ + stars: | 2023-09-01 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

CEO Marc Benioff says he's got no plans for another big round of cuts and hopes layoffs are done. So on this week's call, Benioff took time to thank and wax poetic on all the former Salesforce employees who returned to work at the company during its turnaround effort. Former chief business officer Ebony Beckwith, a longtime executive who led the company's philanthropic foundation, quietly exited Salesforce in June. "We're ramping up hiring for critical roles," a spokesperson for Salesforce wrote to Insider via email when asked for clarification on Benioff's comments. At the same time, if former and current Salesforce employees are feeling whiplashed — told to leave and then told to come back — it's because the message coming from the top is mixed.

Persons: Marc Benioff, he's, Salesforce, Benioff, we've, It's, Ariel Kelman, Benioff's, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Brent Hyder, Ebony Beckwith, Salespeople, Karl Keirstad, we're, whiplashed —, Ellen Thomas Organizations: Oracle, UBS, ethomas Locations: Salesforce

☆ U.S. holds drills with allies off Korean Peninsula, Pyongyang vows to bolster navy
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +1 min

South Korean Navy's destroyer Yulgok Yi I, , U.S. Navy's USS Benfold and Japan Maritime Self-Defense Force's JS Atago sail in formation during a joint naval exercise in international waters on April 17, 2023 at an undisclosed location. SEOUL — The United States, South Korea and Japan staged joint naval missile defense drills off the Korean Peninsula on Tuesday, as North Korea accused Washington and its allies of creating "the most unstable waters with the danger of a nuclear war." The three nations staged exercises in international waters off South Korea's southern Jeju island to improve their ability to detect and track targets, and share information in the event of provocation by Pyongyang, South Korea's military said. The drills come as North Korean leader Kim Jong Un has called for "radically" modernizing the weapons and equipment of its naval forces, criticizing an increased presence of U.S. strategic assets in the region. In a speech to mark Navy Day, Kim said the "gang bosses" of the United States, Japan and South Korea announced regular joint military exercises, news agency KCNA reported, apparently referring to their Aug. 18 summit at Camp David, Maryland.

Persons: Yulgok Yi I, Force's, Kim Jong, Kim, KCNA Organizations: Japan, Self, Atago, South Korea Locations: Korean, U.S, Benfold, SEOUL, United States, South Korea, Japan, North Korea, Washington, Jeju, Pyongyang, South, Camp David , Maryland

[1/2] Mukesh Ambani (R), Chairman and Managing Director of Reliance Industries, poses with (from 2nd R to L) wife Nita Ambani, children Isha Ambani, Anant Ambani, and Akash Ambani before addressing the company's annual general meeting in Mumbai, India July 21, 2017. With Mukesh Ambani in his late 60s, "the time is probably right ... "This is also an attempt by Mukesh Ambani to ensure the next generation of Ambani siblings stay close to one another and do not have any discord." He is already the chairman of Reliance Jio Infocomm Limited, the telecom arm of Reliance. Akash's twin sister Isha is driving the expansion of Reliance Retail into new categories and geographies, and is already a director on the boards of the retail unit, Reliance Retail Ventures, which houses the conglomerate's bets in India's brick-and-mortar and e-commerce industries.

Persons: Mukesh Ambani, Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Shailesh Andrade, Isha, Akash, Ambani, Anant, Arun Dasmahapatra, Dhirubhai Ambani, Mukesh, Anil, Nita, Munsif Vengattil, Aditya Kalra, Tom Hogue, Mark Potter Organizations: Reliance Industries, REUTERS, India's Reliance Industries Ltd, Monday, Reliance, Brown University, Meta, Infocomm, Reliance Retail, Reliance Retail Ventures, Qatar Investment Authority, Investors, giga, Thomson Locations: Mumbai, India, BENGALURU, Jio, Bengaluru

☆ US holds drills with allies off Korean peninsula, Pyongyang vows to bolster navy
▼ + stars: | 2023-08-28 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

[1/4] North Korean leader Kim Jong Un visits the Naval Command of the Korean People's Army (KPA) on the occasion of the Navy Day, in North Korea, in this picture released by North Korea's Korean Central News Agency (KCNA) and obtained by Reuters on August 29, 2023. The three nations staged exercises in international waters off South Korea's southern Jeju island to improve their ability to detect and track targets, and share information in the event of provocation by Pyongyang, South Korea's military said. The drills come as North Korean leader Kim Jong Un has called for "radically" modernising the weapons and equipment of its naval forces, criticising an increased presence of U.S. strategic assets in the region. South Korea and the United States last week began the Ulchi Freedom Shield summer exercises, designed to enhance their joint responses to North Korea's nuclear and missile threats. Reporting by Soo-hyang Choi; Editing by Chris Reese, Grant McCool and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Jong Un, Kim Jong, Kim, KCNA, Soo, hyang Choi, Chris Reese, Grant McCool, Michael Perry Organizations: Naval Command, Korean People's Army, Navy, North, Korean Central News Agency, Reuters, KCNA, REUTERS Acquire, Rights, South Korea, Thomson Locations: North Korea, Rights SEOUL, United States, South Korea, Japan, Washington, Jeju, Pyongyang, South, Camp David , Maryland, U.S

☆ North Korea denounces 'gang bosses' of US and allies amid drills
▼ + stars: | 2023-08-28 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

[1/4] North Korean leader Kim Jong Un visits the Naval Command of the Korean People's Army (KPA) on the occasion of the Navy Day, in North Korea, in this picture released by North Korea's Korean Central News Agency (KCNA) and obtained by Reuters on August 29, 2023. KCNA via REUTERS Acquire Licensing RightsSEOUL, Aug 29 (Reuters) - The United States, South Korea and Japan staged joint naval missile defence drills off the Korean peninsula on Tuesday, as North Korea denounced the "gang bosses" of Washington and its allies for increasing the risk of nuclear war. The three nations staged exercises in international waters off South Korea's southern Jeju island to improve their ability to detect and track targets, and share information in the event of provocation by Pyongyang, South Korea's military said. The drills come as North Korean leader Kim Jong Un has called for "radically" modernising the weapons and equipment of his country's naval forces, criticising an increased presence of U.S. strategic assets in the region. South Korea and the United States last week began the Ulchi Freedom Shield summer exercises, designed to enhance their joint responses to North Korea's nuclear and missile threats.

Persons: Kim Jong Un, Kim Jong, Kim, KCNA, Soo, hyang Choi, Kantaro Komiya, Chang, Ran Kim, Grant McCool, Michael Perry, Nick Macfie Organizations: Naval Command, Korean People's Army, Navy, North, Korean Central News Agency, Reuters, KCNA, REUTERS Acquire, Rights, South Korea, Thomson Locations: North Korea, Rights SEOUL, United States, South Korea, Japan, Washington, Jeju, Pyongyang, South, Camp David , Maryland, U.S, Republic of Korea, Korea, SEOUL, TOKYO

☆ Fundstrat says Thursday’s stock market drop is an opportunity to buy on the dip
▼ + stars: | 2023-08-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Thursday's sell-off is a buying opportunity as key support levels remain in place, according to Fundstrat. Stocks closed sharply lower on Thursday after the market failed to maintain the momentum from much stronger-than-expected earnings out of Nvidia. The S & P 500 initially popped before ending the day down 1.35% — it's biggest one-day loss since Aug. 2. "Bottom line, Thursday's reversal wasn't severe enough to call for a pullback to new monthly lows," Newton said. "Moreover, I'm still expecting that U.S. Equity markets can move higher after Thursday's reversal, which might allow for a brief move above SPX-4500 before any additional weakness gets underway."

Persons: Thursday's, Mark Newton, Newton, I'm Organizations: Nvidia, . Equity

TAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. "Foreign investors have recently trimmed their holdings. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?" "Taiwan's supply chain is very strong.

Persons: Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: TAIPEI, Taiwan, China, Asia, Japan, Singapore, New York, Boston

☆ We are close to bottoming from recent market decline, says Fundstrat's Mark Newton
▼ + stars: | 2023-08-18 | 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 EmailWe are close to bottoming from recent market decline, says Fundstrat's Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins 'Squawk Box' to discuss the latest market trends, the slide in mega-cap stocks, market outlook, and more.

Persons: Fundstrat's Mark Newton Mark Newton

A man wearing a face mask passes in front of screens showing trading data while using an escalator outside Taiwan Stock Exchange in Taipei, Taiwan March 20, 2023. REUTERS/Annabelle Chih/File Photo Acquire Licensing RightsTAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. Taiwan Stock Exchange Chairman Sherman Lin said in an interview this was a natural plateau after a rally rather than a sign that foreign funds are fleeing the market. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?"

Persons: Annabelle Chih, Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, REUTERS, Rights, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Asia, Japan, Singapore, New York, Boston

☆ Wall Street previews highly-anticipated Nvidia earnings. How the pros are playing the stock
▼ + stars: | 2023-08-18 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street previews highly-anticipated Nvidia earnings. How the pros are playing the stockMark Newton of Fundstrat, Hans Mosesmann of Rosenblatt Securities, Josh Brown of Ritholtz Wealth Management, Brian Belski of BMO Capital Markets and Lee Munson of Portfolio Wealth Advisors discussed Nvidia as the chipmaker prepares to announce its much-anticipated second-quarter earnings Wednesday.

Persons: Mark Newton of Fundstrat, Hans Mosesmann, Josh Brown, Brian Belski, Lee Munson Organizations: Rosenblatt Securities, Ritholtz Wealth Management, BMO Capital Markets, Nvidia

☆ Esmark CEO says has money in bank account for $7.8 billion US Steel bid
▼ + stars: | 2023-08-15 | by ( David Carnevali | ) www.reuters.com time to read: +1 min

NEW YORK, Aug 15 (Reuters) - Esmark Inc majority owner and chief executive James Bouchard said in an interview on Tuesday that his steel maker, which does not publicly report its earnings, has cash for its $7.8 billion bid for U.S. Steel Corp (X.N) sitting in his bank account. Esmark unveiled its offer on Monday after Cleveland-Cliffs Inc (CLF.N), another steel maker, said on Sunday it had made a $7.3 billion offer for U.S. Steel, which the latter rejected. "I got $10 billion in cash in my bank account," Bouchard said. Bouchard, a former U.S. Steel executive, said Esmark was "the third largest steelmaker in the country", without elaborating with any figures. He subsequently bought back the Esmark name, trademark and intellectual property to create his latest steel maker, which he says generates over $500 million in annual revenue.

Persons: James Bouchard, Esmark, Bouchard, " Bouchard, David Carnevali, Josie Kao Organizations: Esmark, U.S . Steel Corp, Cliffs Inc, U.S . Steel, Thomson Locations: Cleveland, U.S, Russian, New York

Debates over U.S. corn and soybean yield potential have persisted all summer following one of the driest Junes on record. Soy yield’s range of 1.5 bpa is a six-year low, well below the 2.9-bpa average, raising the risk of surprise. The trade nailed corn yield last August, coming within 0.3% of USDA’s figure, analysts’ best performance since 2001. I posted a Twitter poll midday on Thursday asking which yield surprise could be most likely on Friday: corn high, corn low, soybeans high or soybeans low. After about two hours and 555 votes, corn yield surprising high was the clear leader with 40% of the vote.

Persons: Karl Plume, Karen Braun, Matthew Lewis Organizations: REUTERS, U.S . Department, Reuters, Thomson Locations: Spiritwood , North Dakota, U.S, Karl Plume NAPERVILLE , Illinois, Chicago

☆ Wall Street ends flat, after pop from July inflation data fizzles
▼ + stars: | 2023-08-10 | by ( David French | ) www.reuters.com time to read: +5 min

Stock prices started to sag from late-morning onwards, and bounced between positive and negative territory for much of the afternoon. He noted that while inflation has slowed, a look beyond the headline number revealed that core inflation remained sticky, and as traders parsed the data, the initial positive sentiment became more subdued. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. On the earnings front, Walt Disney (DIS.N) rose 4.9% after beating Wall Street estimates for quarterly adjusted profit per share. The S&P 500 posted 18 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 159 new lows.

Persons: Gregg Abella, Mary Daly, Brendan McDermid, Walt Disney, Michael Kors, Tapestry's, Joe Biden, Bansari Mayur Kamdar, Johann M, David French, Shashwat Chauhan, Shubham Batra, Vinay Dwivedi, David Gregorio Our Organizations: Disney, Dow, Nasdaq, U.S . Federal, Investment Partners, Management, San Francisco Fed, New York Stock Exchange, REUTERS, Nvidia Corp, Alphabet Inc, Microsoft, Dow Jones, Energy, Wall, Alibaba, Wednesday, Thomson Locations: New York City, U.S, China, Bengaluru, New York

☆ Inflation data backs a soft landing, but it might not be enough to stop the market's swoon
▼ + stars: | 2023-08-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The consumer price index report out Thursday is supportive of a soft landing. We'll see if it turns around this recent swoon in the stock market. There's an old saw on Wall Street: in corrections it takes a lot longer to lose the first 5% because people buy the dip. The macro data (China excepted), including today's CPI, has been supportive of the soft landing. There's a huge swath of investors that seem perfectly happy to collect 5% yields on their 1-year Treasuries, market rally be damned.

Persons: it's, Chris Murphy, Eric Johnston, Cantor Fitzgerald, Cash, Johnston, Anthony, Webull, Mark Newton, Fundstrat Organizations: Susquehanna International Group, CPI, Nvidia, Microsoft Locations: China

☆ Uday Kotak is wanting for the market’s support
▼ + stars: | 2023-08-09 | by ( Shritama Bose | ) www.reuters.com time to read: +3 min

Uday Kotak plans to remain on the board of the $44 billion lender carrying his name after he steps down as CEO in December. India’s regulator will bear that in mind as it also decides if someone from inside Kotak Mahindra Bank (KTKM.NS) can succeed the 64-year-old. In the past, the regulator has booted out private bank chiefs for poor management of bad loans and overhauled a bank board where it perceived succession planning was poor. Whatever regulators decide for Uday Kotak and his bank, having the market onside will be helpful all around. Follow @ShritamaBose on TwitterCONTEXT NEWSThe Reserve Bank of India is nudging Kotak Mahindra Bank to select someone outside the lender to succeed billionaire founder Uday Kotak as the next CEO, Bloomberg reported on July 31, citing unnamed sources.

Persons: Uday Kotak, Jamie Dimon, Kotak, Jay, Una Galani, Thomas Shum Organizations: Reuters, Kotak Mahindra Bank, Reserve Bank of India, HDFC Bank, ICICI Bank, Kotak, Reuters Graphics, nudging, Mahindra Bank, Bloomberg, Thomson Locations: MUMBAI, Mumbai

☆ China praises Ukraine talks in Saudi that Russia said were ‘doomed to fail’
▼ + stars: | 2023-08-07 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +4 min

Kremlin officials said Russia had not been invited to the talks but was monitoring them, state media reported. Beijing had steered clear of a previous round of talks in Denmark in June, but has deepened ties with Saudi Arabia in recent years. China scored a diplomatic win in the Middle East earlier this year when it helped broker a landmark normalization deal between Saudi Arabia and Iran. In a statement from the Saudi Press Agency (SPA), Saudi Arabia stressed the importance of “benefiting from views and positive suggestions” made during the meeting. In the meantime, the prospect of direct peace talks between Russia and Ukraine seem as far-fetched as ever, as the grueling war approaches the 18-month mark.

Persons: “, Musaed bin Mohammed Al, Jake Sullivan, Eurasian Affairs Li Hui, Li “, …, ”, Li, Xi Jinping, Vladimir Putin, ” “, Dmytro Kuleba, Russia –, Sergei Ryabkov, Ryabkov Organizations: CNN, Beijing, Reuters, Kremlin, Saudi, Aiba, Eurasian Affairs, Western, China, Russia, Moscow ”, Saudi Press Agency Locations: Ukraine, Saudi Arabia, Russia, China, Jeddah, United States, Beijing, Denmark, Saudi, Moscow, Ukraine’s, Kyiv, ” “ Saudi Arabia, Ukrainian, Riyadh, Iran, OPEC, India

☆ Boeing resets Starliner plan to be ready for first NASA crew flight by March
▼ + stars: | 2023-08-07 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Boeing's Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. Boeing said Monday it aims to be ready to fly NASA astronauts with its Starliner capsule for the first time by March, resetting its timeline after the company delayed a planned launch this summer. "Based on the current plans, we're anticipating that we're going to be ready with the spacecraft in early March," Boeing VP and Starliner manager Mark Nappi said during a press conference. The company continues to work toward Starliner's crew flight test, which is planned to carry NASA astronauts to the ISS in a final demonstration before beginning regular spaceflights. NASA's Commercial Crew manager Steve Stich said that Starliner is 98% complete in terms of progress toward the agency certifying the spacecraft to carry its astronauts.

Persons: Mark Nappi, Nappi, We're, Boeing's Nappi, Steve Stich, Starliner, Stich, It's Organizations: International, Station, Boeing, NASA Locations: ULA

The yield on the 10-year benchmark note dipped on Friday after the jobs data, but still remained above 4%, partly boosting some megacap stocks. "At this point in some ways the jobs data doesn't do much to the Fed. Giving solid boost to the S&P 500 index, Amazon.com shares (AMZN.O) surged 10.9% after the company issued an upbeat third-quarter outlook. Of the 422 companies in the S&P 500 that have reported quarterly earnings as of Friday, 79.1% have beat analysts' estimates, according to Refinitiv data. Amgen (AMGN.O) gained 6.2% after it reported a higher quarterly profit on strong sales of its cholesterol, osteoporosis and other drugs.

Persons: Brendan McDermid, David Russell, Stocks, Carl Icahn, DraftKings, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Organizations: New York Stock Exchange, REUTERS, Apple, Dow, Nasdaq, Labor Department, Data, Reuters, Fed, Treasury, Microsoft, Dow Jones, Icahn Enterprises, Hindenburg, NYSE, Thomson Locations: New York City, U.S, Bengaluru

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