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☆ Mehmet Oz and 15 other candidates together spent over $223 million of their own money — and lost their 2022 midterm races anyway
▼ + stars: | 2022-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mehmet Oz spent nearly $27 million on his failed US Senate run. According to an Insider review of federal and state campaign spending, 16 out of the 22 top-spending candidates in the midterm elections lost their races. Combined, the 16 also-rans spent over $223 million of their own money — just over half of the nearly $443 the top self-funding candidates spent this cycle. They are Rep. David Trone of Maryland (roughly $12.6 million); Gov. Read Insider's entire list of the 22 largest self-funders in the 2022 midterm elections.

☆ Asia shares mixed on Fed warning, China hopes
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.8%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The euro eased a touch to $1.0324 , after climbing 3.9% last week, while the dollar firmed to 139.27 yen following last week's 5.4% drubbing. The dollar's recent retreat provided a much-needed fillip to commodities, with gold holding at $1,763 an ounce after jumping over $100 last week.

☆ Biden’s Student Loan Drubbing
▼ + stars: | 2022-11-12 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

President Biden’s student-loan forgiveness gambit may have purchased votes this week. But on Thursday a Texas federal judge handed the President a legal defeat by ruling that his $400 billion write-off is unconstitutional. The Administration had moved to dismiss the challenge by two student borrowers on grounds that they lacked standing to sue. But Judge Mark Pittman disagreed and ruled for the plaintiffs on summary judgment because he said no material facts were in dispute.

National Democrats were fairly happy on Election Day as they dodged a predicted trouncing at the polls, but state Democrats might have even more to celebrate. And Democrats appear on track to flip the state House in Michigan, as well as in Pennsylvania and Minnesota, according to the National Conference of State Legislatures (NCSL), the nonpartisan organization that represents legislative chambers. Democratic wins this cycle signals a shift in state legislative priorities that could have major ramifications on contentious issues. The Republican-controlled state legislatures in Pennsylvania and Michigan had entertained election denial conspiracies after the 2020 election, for example. "Success does beget success," she said, noting that many state legislative candidates outperformed those competing at the federal level.

☆ Biden approval ticks lower as Democrats brace for midterm losses -Reuters/Ipsos
▼ + stars: | 2022-11-07 | by ( Jason Lange | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 7 (Reuters) - U.S. President Joe Biden's public approval rating dipped to 39% in a Reuters/Ipsos poll on Monday, reinforcing nonpartisan election forecasters' expectations that his Democratic party was in for a drubbing in Tuesday's midterm elections. The two-day national poll found that Americans' approval of Biden's job performance had dropped by one point, nearing the lowest point of his presidency. This year, his approval rating drifted as low as 36% in May and June. In this week's Reuters/Ipsos poll, about a third of respondents picked the economy as the country's biggest problem, a much larger share than the roughly one in 10 who picked crime. The Reuters/Ipsos poll, conducted online in English throughout the United States, gathered responses from 1,004 adults, including 424 Democrats and 390 Republicans.

☆ Asia shares ease, major test looms for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds, now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.4% at $1.1219 , but off the early high with trading sparse in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

☆ Asia shares slip, testing times for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.6% at $1.1233 , but trading was sparse with little liquidity in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. read moreIn currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

☆ Asia shares slip, make or break day for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.6% at $1.1240 , but trading was sparse with little liquidity in Asia. In equity markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 0.5% and back toward last week's 2-1/2 year low. read moreIn currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

☆ INDIA STOCKS Indian shares decline as metal stocks weigh
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 17 (Reuters) - Indian shares fell in early trading on Monday, dragged down by metal stocks and in line with Asian peers amid growing fears that aggressive rate hikes by central banks globally would lead to a slowdown and weigh on corporate earnings. The NSE Nifty 50 index (.NSEI) was 0.15% lower at 17,159.30 as of 0352 GMT, and the S&P BSE Sensex (.BSESN) fell 0.19% to 57,808.78. Nifty's metal (.NIFTYMET) and realty (.NIFTYREAL) sub-indexes were among the top losers, falling more than 1% each. Among other stocks, Shree Cement Ltd (SHCM.NS) fell 5% after it posted a 67.2% slump in second-quarter profit as fuel costs surged. ($1 = 82.4000 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: Goodbye, TINA: higher yields muddy outlook for struggling U.S. stocks
▼ + stars: | 2022-09-29 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

NEW YORK, Sept 29 (Reuters) - Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year. Register now for FREE unlimited access to Reuters.com RegisterThat calculus has drastically changed as the Fed hikes interest rates to stave off the worst inflation in decades, bolstering yields on everything from Treasuries to money markets. Money market funds took in $30 billion in the latest week, according to Refinitiv Lipper, while equity funds, taxable fixed income funds, and tax-exempt bond funds all had net redemptions. "We are definitely getting a resizing of that now.”Reuters GraphicsOf course, the alternatives to stocks are far from risk free. Still, the robust yields are likely to continue presenting a challenge to stocks, investors said.

☆ India's Congress party likely to get first non-Gandhi chief in 25 years
▼ + stars: | 2022-09-26 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

A supporter waves a flag of India's main opposition Congress party at a massive rally organised by the party against inflation, at Ramlila Ground, in New Delhi, India, September 4, 2022. REUTERS/Anushree FadnavisNEW DELHI, Sept 26 (Reuters) - India's main opposition Congress party is likely to elect a new party president from outside the Nehru-Gandhi dynasty for the first time in nearly 25 years, as it looks for a reset ahead of the next election to compete with Prime Minister Narendra Modi. Many senior Congress leaders have quit to form their own party or to join the BJP, blaming the weak Congress leadership of Rahul Gandhi, the son of ailing party president Sonia Gandhi, who took charge temporarily in 2019. Sonia Gandhi, the widow of former Prime Minister Rajiv Gandhi, led the party uninterrupted for nearly two decades until 2017. Rahul Gandhi, who took over from her but resigned in 2019 following the drubbing by Modi's party, has declined to stand in the party election.

We're buying 50 shares of Honeywell International (HON) at roughly $188.29 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 625 shares of HON, increasing its weighting to 4.06% from 3.75%. From an end market perspective, about 65% of the company's sales are focused on late cycle end markets like commercial aviation, defense, oil & gas, and nonresidential construction. We believe these end markets are less likely to have material earnings revision risks and better positioned to weather a softening macro environment. With this buy, we're repurchasing the full 25 shares we sold at around $198 in late-March plus an additional 25.

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