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☆ Haddad Maia knocks out former champion Stephens in U.S. Open first round
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

[1/3] Tennis - U.S. Open - Flushing Meadows, New York, United States - August 28, 2023 Brazil's Beatriz Haddad Maia in action during her first round match against Sloane Stephens of the U.S. REUTERS/Shannon Stapleton Acquire Licensing RightsNEW YORK, Aug 28 (Reuters) - Brazilian Beatriz Haddad Maia proved she was no pushover even when her back was up against a wall as she battled past 2017 champion Sloane Stephens with a 6-2 5-7 6-4 victory in the first round of the U.S. Open on Monday. Roland Garros semi-finalist Haddad Maia saved 11 of 15 break points across the match as the American suffered yet another early Grand Slam exit. While Stephens was left to reflect on a miserable year at the majors, where her best showing was a fourth round appearance at Roland Garros, Haddad Maia set up a meeting with Stephens' compatriot Taylor Townsend. After levelling the contest to one set all, Stephens could not absorb the Brazilian's firepower in the third set, where Haddad Maia sent over 20 winners. "I was expecting a big battle," Haddad Maia said.

Persons: Brazil's Beatriz Haddad Maia, Sloane Stephens, Shannon Stapleton, Beatriz Haddad Maia, Roland Garros, Haddad Maia, Stephens, Taylor Townsend, Amy Tennery Organizations: U.S, REUTERS, Thomson Locations: Flushing Meadows , New York, United States, New York

☆ Fritz, Tiafoe lead American charge into U.S. Open second round
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

The top-ranked Americans were hardly tested as ninth seed Fritz crushed compatriot Steve Johnson 6-2 6-1 6-2 in Louis Armstrong Stadium after Tiafoe, the 10th seed, beat American Learner Tien 6-2 7-5 6-1 inside Arthur Ashe Stadium. There have been 78 consecutive Grand Slams played since Andy Roddick won the 2003 U.S. Open, and hopes that an American man can snap that title drought at one of the sport's blue-riband events have fallen largely on the shoulders of Fritz and Tiafoe. I was calm and I thought I played a really good match," said Fritz. Tiafoe faced a tricky opening test in Tien, who at 17 was the youngest player in the main draw and earned a U.S. Open wild card after winning a second consecutive USTA Boys' 18s National Championship. "I have so many good memories from last year and all I am focused on is the U.S. Open," said Tiafoe.

Persons: Frances Tiafoe, Learner Tien, Shannon Stapleton, Taylor Fritz, Fritz, Steve Johnson, Louis Armstrong, Arthur Ashe, Andy Roddick, Tiafoe, Johnson's, Tien, Tommy Paul, Stefano Travaglia, Christopher Eubanks, South Korean Kwon, Frank Pingue, Josie Kao Organizations: Tennis, Learner, U.S, REUTERS, Tiafoe, USTA Boys, New York, U.S ., South, Thomson Locations: Flushing Meadows , New York, United States, American, U.S, South Korean, Toronto

☆ Idalia is expected to rapidly intensify in the extremely warm Gulf of Mexico. Here’s what that means
▼ + stars: | 2023-08-28 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +17 min

Mike Lang/USA Today Network Workers and residents clear debris from a destroyed bar in Fort Myers on Saturday, October 1. Thomas Cordy/The Palm Beach Post/USA Today Network This aerial photo shows damaged homes and debris in Fort Myers Beach on Thursday. Wilfredo Lee/AP Jake Moses and Heather Jones explore a section of destroyed businesses in Fort Myers Beach, Florida, on Thursday. Alexandre Meneghini/Reuters Frederic and Mary Herodet board up their Gulf Bistro restaurant in St. Pete Beach, Florida, on Tuesday. Martha Asencio-Rhine/Tampa Bay Times via ZUMA Press Wire Sarah Peterson fills sandbags in Fort Myers Beach on September 24.

Persons: Ian —, Idalia, ” Brian McNoldy, Allison Wing, Florida State University . Hurricane Franklin, ”, Wing, ” McNoldy, Andrew Kruczkiewicz, Kruczkiewicz, Ricardo Arduengo, Joe Biden, Jill Biden, Hurricane, Evan Vucci, Greg Guidi, Thomas Bostic, Joe Raedle, Win McNamee, Stephanie Fopiano, Kenya Taylor, Mike Lang, Giorgio Viera, Jonathan Drake, Candy Miller, Ana Kapel, Amy Beth Bennett, Meg Kinnard, Shannon Stapleton, Steve Helber, Joe Burbank, Orlando Sentintel, Alex Brandon, Jim Watson, Eva Marie Uzcategui, Bob Levitt, Thomas Cordy, Wilfredo Lee, Jake Moses, Heather Jones, Douglas R, Clifford, Tom, Jonathan Strong, Kylie Dodd, Brenda Brennan, Sean Rayford, John Raoux, Stefanie Karas, ZUMA, Ian, Marco Bello, Ben Hendren, Pedro, Reuters Melvin Phillips, Crystal Vander, Bryan R, Smith, Hurricane Ian, Greg Lovett, Stephen M, Dowell, Zuram Rodriguez, Joe Cavaretta, Crews, Ramon Espinosa, Yamil Lage, Chris O'Meara, Maria Llonch, Willie J, Allen Jr, Alexandre Meneghini, Reuters Frederic, Mary Herodet, Pete, Adalberto Roque, Phelan M, Ryan Copenhaver, Siesta, Gregg Newton, Cathie Perkins, Martha Asencio, Sarah Peterson, Andrew West, ” Kruczkiewicz, McNoldy, you’re Organizations: CNN, National Hurricane Center, University of Miami, “, National Oceanic, Atmospheric Administration, Florida State University . Hurricane, Columbia Climate School, Columbia University, Getty, Fort Myers, Venice High, USA Today Network Workers, Reuters, South Florida Sun, AP, US Army National Guard, AP University of Central, Bloomberg, Texas, Force, USA, Tampa Bay Times, Zuma Workers, Orange County Government, An, AP Vehicles, NOAA, NASA, City, Naples Police, Anadolu Agency, Punta Gorda, El, El Nuevo Herald, TNS, Officials, Orlando Sentinel, AP Highways, Wednesday, Sentinel, AP People, Southwest, Tampa International Airport, Bistro, Vehicle, Kennedy Space Center, International, Costco, ZUMA Press, Hurricanes Locations: Gulf of Mexico, Florida, Matlacha , Florida, AFP, Fort Myers , Florida, Island , Florida, Fort, Fort Myers Beach, Kenya, North Port, Venice , Florida, Fort Myers, Myrtle Beach , South Carolina, South Florida, Quarterman, North Charleston , South Carolina, North Port , Florida, Sanibel, AP University of Central Florida, Orlando , Florida, Orlando, Charleston , South Carolina, New Smyrna Beach , Florida, Cape Coral , Florida, Palm Beach County , Florida, Fort Myers Beach , Florida, Naples , Florida, Orange County , Florida, Orange County, Punta Gorda , Florida, Punta Gorda, Port Charlotte , Florida, Captiva, Port Charlotte, Iona , Florida, Bonita Springs , Florida, An Orlando, Sanibel , Florida, Tampa , Florida, Punta, Tampa, Roberts, El Nuevo, Stuart , Florida, Tampa Bay, Delray Beach , Florida, The, Hurricane, Pembroke Pines , Florida, Davie , Florida, Havana, Cuba, Batabano, Pinar del Rio, St, Pete Beach , Florida, Cape Canaveral , Florida, Cuban, Fanguito, Sarasota , Florida, Havana Bay, Kissimmee, Pinellas County , Florida, Augusta , Georgia, Columbia, South Carolina

☆ Swiatek crushes Peterson to begin U.S. Open title defence
▼ + stars: | 2023-08-28 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

The four-time Grand Slam champion fired off 20 winners and four aces to set up a second-round meeting with Australian Daria Saville. Peterson, who only produced two winners across the match, never regained her composure and Swiatek pumped her first after closing out the match with a scorching backhand down the line. "I really wanted to play solid and start (the) tournament with everything that I focused on (in practice),” she said in on-court remarks. "I just feel happy that with all the pressure and expectations I can just have fun on court." Reporting by Amy Tennery in New York, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Iga, Sweden's Rebecca Peterson, Shannon Stapleton, Iga Swiatek, Swede Rebecca Peterson, Arthur Ashe, Daria Saville, Swiatek, Peterson, ”, Amy Tennery, Pritha Sarkar Organizations: Tennis, U.S, Cincinnati, Thomson Locations: Flushing Meadows , New York, United States, Montreal, Flushing Meadows, New York

☆ US Open to deploy Video Review system to help officials
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

"The VR official and VR operator will then send the video to a screen on the chair umpire's chair as well as stadium screens when available," the document said. Chair umpires will review the evidence to determine if the original call has to be overturned or confirmed. The WTA does not use a VR system at its events and has no immediate plans to bring one in, a source at the elite women's tour said. Tennis already uses ball-tracking and electronic line-calling technology in certain events and the VR system will aim to further reduce the potential for human error. The U.S. Open added the system will also be used to monitor player behaviour.

Persons: Spain's Carlos Alcaraz, Norway's Casper Ruud, Shannon Stapleton, Arthur Ashe, Louis Armstrong, Shrivathsa Sridhar, Peter Rutherford Organizations: U.S, U.S ., ATP Cup, Louis, Tennis, Thomson Locations: Flushing Meadows , New York, United States, Bengaluru

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsLONDON/CHICAGO, Aug 24 (Reuters) - A highly mutated COVID variant called BA.2.86 has now been detected in Switzerland and South Africa in addition to Israel, Denmark, the U.S. and the U.K., according to a leading World Health Organization official. It has since been detected in other symptomatic patients, in routine airport screening, and in wastewater samples in a handful of countries. That the known cases are not linked suggests it is already circulating more widely, particularly given reduced surveillance worldwide, she said. There have been nine such cases detected as of Aug. 23 and the variant was also found in wastewater in Switzerland. Jha and others, including the European public health agency and COVAX, the global program for getting vaccines to the world's poorest, said COVID surveillance and defenses could be reactivated in the event of a major infection wave.

Persons: Shannon Stapleton, Maria Van Kerkhove, Kerkhove, ”, Marion Koopmans, Nirav Shah, Van Kerkhove, Tyra Grove Krause, Ashish Jha, Jha, Jennifer Rigby, Julie Steenhuysen, Pratik Jain, Caroline Humer, Bill Berkrot Organizations: REUTERS, Health Organization, Omicron, WHO, U.S . Centers for Disease Control, Pharmacy, Walgreens, Rite, Reuters, Statens Serum, White, Thomson Locations: Harlem, New York City, U.S, CHICAGO, Switzerland, South Africa, Israel, Denmark, COVID, Dutch, Danish, Bengaluru

B REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies BlackRock Inc FollowAug 23 (Reuters) - Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poor crafting of the measures by filers. In an annual stewardship report being released with the end of the 12-month corporate annual meeting cycle on June 30, New York-based BlackRock said it supported 7% of 399 shareholder proposals on environmental and social issues. In the newest report BlackRock said many of the measures called for changes that would not be helpful to companies in its funds. Data has previously shown investor support slipping for many resolutions, and as companies strike compromises with activists. BlackRock has been under fire from conservative U.S. politicians who say it has over-emphasized sustainability issues, citing past proxy votes.

Persons: Shannon Stapleton, BlackRock, Ross Kerber, Isla Binie, Simon Jessop, Sonali Paul Organizations: REUTERS, BlackRock, filers, Thomson Locations: BlackRock, New York, U.S, Boston, London

☆ NY Fed finds record wage expectations in July consumer survey
▼ + stars: | 2023-08-21 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

People walk by the Federal Reserve Bank of New York in the financial district of New York City, U.S., June 14, 2023. Meanwhile, respondents to the bank’s Survey of Consumer Expectations said that the lowest wage they’d accept to take a job also jumped, hitting a record $78,645, from $72,873 a year ago. The survey said that survey respondents said that in July the average wage offered for a full-time job was $69,475 versus $60,764 in July 2022. The jump in compensation, actual and expected, came even as poll respondents saw some softening around the edges of the job market. The New York Fed reports on labor market expectations quarterly as part of a data series best known for tracking the expected path of inflation and household financial situations.

Persons: Shannon Stapleton, they’re, there’s, they’d, “, Michael S, Chizu Organizations: Federal Reserve Bank of New, REUTERS, bank’s Survey, Consumer Expectations, New York Fed, Cleveland Fed, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, Jackson Hole , Wyoming

☆ Bank credit contracts, loans drop in latest week: Fed data
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: 1 min

A man is seen in silhouette near flowers at an office building in the financial district of New York City, U.S., June 14, 2023. REUTERS/Shannon Stapleton/File photo Acquire Licensing RightsAug 18 (Reuters) - Bank credit at U.S. commercial banks shrank in the latest week as commercial banks lent less to businesses, data published by the Federal Reserve showed on Friday. Overall bank credit, on a non-seasonally adjusted basis, was $17.23 trillion in the week ending Aug. 9, down from $17.25 trillion a week earlier and $17.32 trillion a year earlier. Loans and leases fell to $12.13 trillion, from $12.15 trillion the week prior; commercial and industrial loans slipped to $2.74 trillion, from $2.75 trillion in the week ending Aug. 2. Reporting by Ann Saphir; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Shannon Stapleton, Ann Saphir, Jonathan Oatis Organizations: REUTERS, Bank, Federal, Thomson Locations: New York City, U.S

Aug 18 (Reuters) - Estee Lauder (EL.N) forecast annual sales and profit below estimates on Friday, indicating a slower-than-expected rebound in its travel retail business, mainly in Asia, and waning demand in the United States, sending its shares down about 3%. Analysts note that the drop in consumer demand in China and a slow recovery in Asia travel retail - sales made at airports or travel destinations like Korea and China's Hainan - could impact luxury companies like Estee, which makes about 30% of its annual revenue from the Asia Pacific region. "De-stocking and inventory levels in Asian Travel Retail… likely to remain the biggest headwind to growth over the next few quarters," said Bernstein analyst Callum Elliott. Estee expects full-year sales to rise between 5% and 7%, compared with an estimated 8.8% increase, according to Refinitiv data. It sees annual adjusted profit to be between $3.50 and $3.75 per share, compared with an expectation of $4.83.

Persons: Estee Lauder, It's, Tracey Travis, Lauder, Shannon Stapleton, Bernstein, Callum Elliott, Estee, Granth Vanaik, Ananya Mariam Rajesh, Pooja Desai Organizations: Reuters, Nordstrom, REUTERS, L'Oreal, U.S ., Asia Pacific, Thomson Locations: Asia, United States, China, Korea, Hainan, Asia Pacific, New York, U.S, Americas, Mainland China, Bengaluru

☆ Estee Lauder forecasts weak annual profit on slow recovery in Asia travel retail
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Analysts have said the drop in consumer demand in China and a slow recovery in Asia travel retail - sales made at airports or travel destinations like Korea and China's Hainan - could impact luxury companies like Estee, which makes about 30% of its annual revenue from the Asia Pacific region. "Asia travel retail pressured results, particularly in Skin Care, and we continued to experience softness in North America," CEO Fabrizio Freda said in a statement. Estee Lauder's Americas region reported flat net sales compared to a year ago, while Asia-Pacific reported a 29% increase in sales. The company expects annual adjusted profit per share to be between $3.50 and $3.75, compared with analysts' expectation of $4.83. However, on an adjusted basis, Estee earned a profit of 7 cents per share, compared to an estimated loss of 4 cents per share.

Persons: Lauder, Shannon Stapleton, Estee Lauder, Fabrizio Freda, Estee, Granth Vanaik, Ananya Mariam Rajesh, Pooja Desai Organizations: Nordstrom, REUTERS, Thomson Locations: New York, U.S, Asia, United States, China, Korea, Hainan, Asia Pacific, North America, Pacific, Bengaluru

☆ US leading indicator falls further in July
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

People walk on the corner of 34th street and 8th avenue outside Pennsylvania Station in New York City, U.S., June 16, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsWASHINGTON, Aug 17 (Reuters) - A gauge of future U.S. economic activity dropped for the 16th straight month in July, though the pace of decline slowed from earlier in the year, a survey showed on Thursday. The Conference Board said its Leading Economic Index fell 0.4% last month after declining 0.7% in June. "The leading index continues to suggest that economic activity is likely to decelerate and descend into mild contraction in the months ahead," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. Reporting by Lucia Mutikani; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Shannon Stapleton, Justyna, Monica, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, The Conference Board, Conference Board, Thomson Locations: New York City, U.S

☆ US weekly jobless claims fall; tight labor market underpinning economy
▼ + stars: | 2023-08-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The labor market is only slowing at the margin, with job gains in July being the second-smallest since December 2020. Labor market strength, excess savings accumulated during the COVID-19 pandemic and greater credit card usage to fund purchases have kept a recession at bay. Some economists saw the slight elevation as indicating a small margin of slack in the job market. The Philadelphia Fed’s business conditions index increased to a reading of 12.0 this month from -13.5 in July. A survey this week from the New York Fed showed business conditions in the “Empire State” remained depressed in August.

Persons: Shannon Stapleton, ”, Christopher Rupkey, Jerome Powell’s, Jeffrey Roach, Bill Adams, Daniel Silver Organizations: WASHINGTON, REUTERS, Federal, Labor Department, Reuters, Treasury, Conference, Labor, LPL Financial, Conference Board, Comerica Bank, Philadelphia Fed, New York Fed, JPMorgan Locations: New York City, U.S, New York, Ohio, California, Texas , Michigan , New Jersey, Pennsylvania, Virginia, Charlotte , North Carolina, Dallas, New Jersey, Delaware, Philadelphia, “

☆ Rapid intensification, explained
▼ + stars: | 2023-08-17 | by ( Jennifer Gray | ) edition.cnn.com time to read: +14 min

So as the climate crisis forces up ocean temperatures, rapid intensification becomes more likely, pushing storms to explode at a rapid pace into deadly hurricanes, scientists say. Mike Lang/USA Today Network Workers and residents clear debris from a destroyed bar in Fort Myers on Saturday, October 1. Thomas Cordy/The Palm Beach Post/USA Today Network This aerial photo shows damaged homes and debris in Fort Myers Beach on Thursday. Wilfredo Lee/AP Jake Moses and Heather Jones explore a section of destroyed businesses in Fort Myers Beach, Florida, on Thursday. Martha Asencio-Rhine/Tampa Bay Times via ZUMA Press Wire Sarah Peterson fills sandbags in Fort Myers Beach on September 24.

Persons: ”, Phil Klotzbach, Klotzbach, ” Klotzbach, Ricardo Arduengo, Joe Biden, Jill Biden, Hurricane, Evan Vucci, Greg Guidi, Thomas Bostic, Joe Raedle, Win McNamee, Stephanie Fopiano, Kenya Taylor, Mike Lang, Giorgio Viera, Jonathan Drake, Candy Miller, Ana Kapel, Amy Beth Bennett, Meg Kinnard, Shannon Stapleton, Steve Helber, Joe Burbank, Orlando Sentintel, Alex Brandon, Jim Watson, Eva Marie Uzcategui, Bob Levitt, Thomas Cordy, Wilfredo Lee, Jake Moses, Heather Jones, Douglas R, Clifford, Tom, Jonathan Strong, Kylie Dodd, Brenda Brennan, Sean Rayford, John Raoux, Stefanie Karas, ZUMA, Ian, Marco Bello, Ben Hendren, Pedro, Reuters Melvin Phillips, Crystal Vander, Bryan R, Smith, Hurricane Ian, Greg Lovett, Stephen M, Dowell, Zuram Rodriguez, Joe Cavaretta, Crews, Ramon Espinosa, Yamil Lage, Chris O'Meara, Maria Llonch, Willie J, Allen Jr, Alexandre Meneghini, Reuters Frederic, Mary Herodet, Pete, Adalberto Roque, Phelan M, Ryan Copenhaver, Siesta, Gregg Newton, Cathie Perkins, Martha Asencio, Sarah Peterson, Andrew West, Ida, Laura, Hurricane Dorian Organizations: CNN, of Atmospheric Science, Colorado State University, North Atlantic, Getty, Fort Myers, Venice High, USA Today Network Workers, Reuters, South Florida Sun, AP, US Army National Guard, AP University of Central, Bloomberg, Texas, Force, USA, Tampa Bay Times, Zuma Workers, Orange County Government, An, AP Vehicles, NOAA, NASA, City, Naples Police, Anadolu Agency, Punta Gorda, El, El Nuevo Herald, TNS, Officials, Orlando Sentinel, AP Highways, Wednesday, Sentinel, AP People, Southwest, Tampa International Airport, Bistro, Vehicle, Kennedy Space Center, International, Costco, ZUMA Press, Louisiana, Simpson Locations: North, Matlacha , Florida, AFP, Fort Myers , Florida, Island , Florida, Fort, Fort Myers Beach, Kenya, North Port, Venice , Florida, Fort Myers, Myrtle Beach , South Carolina, South Florida, Quarterman, North Charleston , South Carolina, North Port , Florida, Sanibel, Florida, AP University of Central Florida, Orlando , Florida, Orlando, Charleston , South Carolina, New Smyrna Beach , Florida, Cape Coral , Florida, Palm Beach County , Florida, Fort Myers Beach , Florida, Naples , Florida, Orange County , Florida, Orange County, Punta Gorda , Florida, Punta Gorda, Port Charlotte , Florida, Captiva, Port Charlotte, Iona , Florida, Bonita Springs , Florida, An Orlando, Sanibel , Florida, Tampa , Florida, Punta, Tampa, Roberts, El Nuevo, Stuart , Florida, Tampa Bay, Delray Beach , Florida, The, Hurricane, Pembroke Pines , Florida, Davie , Florida, Havana, Cuba, Batabano, Pinar del Rio, St, Pete Beach , Florida, Cape Canaveral , Florida, Cuban, Fanguito, Sarasota , Florida, Havana Bay, Kissimmee, Pinellas County , Florida, Bahamas

But the Crop Watch producers are concerned that this heat could challenge the corn in particular as it continues to fill out kernels. Indiana picked up 2.5 inches last week, western Illinois 2.45 inches, Nebraska up to 1.4 inches, and South Dakota got 1 inch. That ties two other weeks out of the last six for the highest Crop Watch soybean yield prospects of the season so far. Crop Watch producers continue rating both crop conditions and yield potential on 1-to-5 scales. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.

Persons: Shannon Stapleton, Karen Braun, Matthew Lewis Organizations: REUTERS, Crop Watch, Indiana, South Dakota, Southeastern, . Minnesota, Watch, Crop, Reuters, Thomson Locations: Gideon , Missouri, U.S, NAPERVILLE , Illinois, Iowa, Kansas, Illinois, Nebraska, South, Southeastern Illinois, North Dakota, Ohio, ., Minnesota, South Dakota, government’s, North Dakota , Nebraska, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

☆ Winning Mega Millions ticket worth $1.58 bln sold in Florida
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Aug 9 (Reuters) - One lucky winner was in possession of a Mega Millions ticket worth a cool $1.58 billion, the largest prize in the game's history, on Wednesday after purchasing it in Florida and hitting all six numbers in the lottery drawing. They then beat the 1 in 302.6 million odds of winning the multistate game by matching all of the lottery numbers drawn on Tuesday of 13, 19, 20, 32, 33, and the Megaplier was 14. [1/5]The display in a store shows the Mega Millions lottery jackpot at $1.55-billion in New York City, U.S., August 8, 2023. The last Mega Millions jackpot was won by a player in New York in April, at $20 million. A $2.04 billion Powerball jackpot in November 2022 ranks as the record highest lottery prize, according to media reports.

Persons: Shannon Stapleton, Shivani Tanna, Brendan O'Brien, Stephen Coates, Doina Organizations: Jacksonville , Treasure Coast Newspapers, Mega, REUTERS, Thomson Locations: Florida, Neptune Beach, Jacksonville ,, New York City, U.S, New York, Bengaluru, Chicago

☆ Florida player wins U.S. Mega Millions jackpot worth $1.58 bln
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: 1 min

[1/5] The display in a store shows the Mega Millions lottery jackpot at $1.55-billion in New York City, U.S., August 8, 2023. REUTERS/Shannon StapletonAug 9 (Reuters) - A player in Florida won a $1.58 billion Mega Millions lottery jackpot on Tuesday, the lottery website showed. The winning numbers drawn were 13, 19, 20, 32, 33, and the Megaplier was 14, according to the Mega Millions website. The last Mega Millions jackpot was won by a player in New York in April, at $20 million. A $2.04 billion Powerball jackpot in November 2022 ranks as the record highest lottery prize, according to media reports.

Persons: Shannon Stapleton, Shivani Tanna, Stephen Coates Organizations: Mega, REUTERS, Thomson Locations: New York City, U.S, Florida, New York, Bengaluru

☆ Security firm ADT's commercial unit to be taken private by GTCR for $1.6 bln
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: 1 min

A security sign for ADT is seen outside a home in Port Washington, New York, September 30, 2014. REUTERS/Shannon Stapleton/File PhotoAug 8 (Reuters) - Home and small business security firm ADT (ADT.N) said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for $1.6 billion. ADT expects to use the net proceeds of about $1.5 billion from the deal to cut debt. "This transaction is mutually beneficial for ADT and ADT Commercial, which will benefit from GTCR's support and expertise," ADT CEO Jim DeVries said. Reporting by Aishwarya Jain; Editing by Savio D'Souza and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Shannon Stapleton, Jim DeVries, Aishwarya Jain, Savio D'Souza, Arun Koyyur Organizations: REUTERS, ADT, Thomson Locations: Port Washington , New York

[1/2] People shop for clothes at Target retail chain in Westbury, New York, U.S., May 20, 2021. Walmart (WMT.N) and Target (TGT.N), the two biggest retailers in the United States, have set a cautious tone for the rest of the year. David Klink, senior equity analyst at Huntington Private Bank, said he saw "encouraging" signs in Amazon's results. Walmart, which reports on Aug. 17, had a better-than-expected first quarter and forecast sales to be up about 3.5% for the year. "I think that value-based retailers like Walmart and Target" will hold up better than others, he said.

Persons: Shannon Stapleton, David Klink, Neil Saunders, Joseph Feldman, Siddharth Cavale, Ananya Mariam Rajesh, Rosalba O'Brien Organizations: REUTERS, Walmart, Target, Foods, Huntington Private Bank, Amazon, Apple, Maersk, WPP, Telsey, Thomson Locations: Westbury , New York, U.S, United States, Seattle, New York, Bengaluru

☆ More firms on Wall Street are bracing for a stock sell-off. Here's why JPMorgan, Wells Fargo, and others say the market's huge gains are at risk.
▼ + stars: | 2023-08-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Some Wall Street analysts are sounding the alarm for a coming sell-off in stocks. That comes as the S&P 500 enjoys its best year since 1927, gaining 18% from January. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. That comes as the S&P 500 enjoys one of its best years since 1927, largely thanks to Wall Street's excitement for artificial intelligence. But he sees the overall S&P 500 ending the year at 4,600-4,800, above current levels.

Persons: Eduardo Munoz JPMorgan, JPMorgan's Marko Kolanovic, Shannon Stapleton Wells, Scott Wren, Wren, Brendan McDermid, Rosenberg, David Rosenberg Organizations: Service, REUTERS, Reuters BlackRock, Rosenberg Research, Dow Locations: Wall, Silicon

☆ Adidas turnaround gathers pace as Yeezy boosts margins
▼ + stars: | 2023-08-03 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +4 min

Adidas has to manage Yeezy drops very carefully, Gulden said, adding that the company's guidance was conservative. Adidas' 2023 outlook does not include the second Yeezy release, which is being sold through retailers as well as Adidas' own channels. JD Sports (JD.L) said it had started selling Yeezy shoes from the second drop on Wednesday. Citi analysts expect further Yeezy drops to generate 1.5 billion euros ($1.64 billion) in revenues and 700 million euros in earnings after Adidas' planned charity donations. Adidas donated 10 million euros in the second quarter and set aside 100 million euros for further donations to charities including the Foundation to Combat Antisemitism and the Anti-Defamation League.

Persons: Bjorn Gulden's, Ye, Gulden, Harm Ohlmeyer, Kanye West, Shannon Stapleton, Zuzanna Pusz, Pusz, Liu Qingyi, Shuting Qiu, Helen Reid, Mark Potter, Jan Harvey, Alistair Bell Organizations: FX, Adidas, JD, Citi, Foundation, Combat, Defamation League, ADIDAS, REUTERS, UBS, North, Thomson Locations: Garden City , New York, U.S, Greater China, China, Shanghai, North America

☆ Yeezy destocking helps lift Adidas sales outlook
▼ + stars: | 2023-08-03 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

Sales of surplus Yeezy shoes generated around 400 million euros ($437 million) in the second quarter, helping Adidas reduce its predicted loss for the year to 450 million euros, down from the 700 million euro loss previously expected. JD Sports (JD.L) said it had started selling Yeezy products from Adidas' second release of Yeezy shoes on Wednesday. Adidas said its 2023 outlook does not include the second Yeezy release. Citi analysts expect further Yeezy drops to generate 1.5 billion euros in revenues and 700 million euros in earnings after Adidas' planned charity donations. North America was the laggard, with sales dropping 16.4% in currency-neutral terms, which Adidas put down to high inventory levels there.

Persons: Kanye West, Shannon Stapleton, Bjorn Gulden's, Ye, Cristina Fernandez, Fernandez, Gulden, Liu Qingyi, Shuting Qiu, Helen Reid, Sonali Paul, Mark Potter, Jan Harvey Organizations: Adidas, REUTERS, FX, Foundation, Combat, Defamation League, Telsey, JD, Citi, North, Thomson Locations: Garden City , New York, U.S, New York, Greater China, China, Shanghai, North America

☆ Ringleader of NBA health care fraud gets 10 years prison
▼ + stars: | 2023-08-03 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

U.S. District Judge Valerie Caproni in Manhattan federal court also sentenced him to pay $2.5 million in restitution to the NBA Players' Health and Welfare Benefit Plan, and forfeit $653,673, in accordance with his plea agreement. Prosecutors had sought a 10- to 12-year prison term, while Williams sought no more than 50 months. He was also accused of impersonating a health plan manager who questioned a reimbursement in order to "frighten" another player, who had not paid a kickback, into re-engaging with him. Prosecutors said at least $5 million of false claims were submitted, with the defendants receiving $2.5 million in fraudulent proceeds. Prosecutors recommended a prison term shorter than 21 months, citing his acceptance of responsibility and desire to make amends.

Persons: New Jersey Nets Terrence Williams, Shannon Stapleton, Terrence Williams, Valerie Caproni, Williams, Prosecutors, Tony Allen, Allen, Jonathan Stempel, Diane Craft Organizations: New Jersey Nets, Dallas Mavericks, NBA, REUTERS, UNITED STATES, National Basketball Association, NBA Players ' Health, Welfare, Boston Celtics, Prosecutors, Thomson Locations: East Rutherford , New Jersey, Manhattan, Seattle, Brooklyn, New York

☆ Mega Millions jackpot hits $1.05 billion. Here's the possible tax bill for the winner
▼ + stars: | 2023-07-31 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot soared to $1.05 billion on July 31, 2023. Shannon Stapleton | ReutersThe Mega Millions jackpot has soared to more than $1 billion for the fifth time in the game's history. Currently, the 30-year annuitized payout is worth $1.05 billion, Mega Millions' fourth-largest prize to date. The chance of hitting the Mega Millions jackpot is roughly 1 in 302 million. watch nowHow federal tax brackets workThe Mega Millions jackpot easily pushes the winner into the top federal income tax bracket, which is currently 37%.

Persons: Shannon Stapleton, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas, that's Organizations: Mega Locations: Orlando , Florida

☆ OceanGate's cofounder wants to send 1,000 people to a floating colony on Venus by 2050, and says we shouldn't stop pushing the limits of innovation
▼ + stars: | 2023-07-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

By 2050, he would like to see 1,000 humans living in the sulfuric acid clouds of Venus. The businessman's latest — and possibly grandest — endeavor is to send 1,000 humans to live in Venus' atmosphere by 2050. Söhnlein hasn't let the recent events dampen his ambition and claims humanity needs to continue pushing the limits of innovation. Sending humans to Earth's evil twinThough it's often called "Earth's twin," Venus doesn't seem like the ideal place for humans to thrive. The Titan submersible.

Persons: Guillermo Söhnlein, Stockton Rush, Söhnlein hasn't, Söhnlein, shouldn't, OceanGate, Rush, Shannon Stapleton, Khalid Al, Ali, Elon Musk, Mark Zuckerberg, we'd, Andrew Coates, Coates Organizations: Service, OceanGate Expeditions, NASA, Anadolu Agency, Getty Images, Venus, Stockton Rush, Reuters, Innovation, Rush, University College's, Science Laboratory Locations: Wall, Silicon, Söhnlein, Stockton

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