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REUTERS/Dinuka Liyanawatte/File PhotoDec 13 (Reuters) - For the energy industry, 2022 will be remembered as the year Russia's invasion of Ukraine accelerated a global energy crisis. The world's top energy companies beat a hasty retreat from Russia and wrote off tens of billions of dollars in assets. WHY IT MATTERSRussia's invasion of Ukraine caused European countries to re-evaluate their relationship with that nation, long the continent's primary supplier of natural gas. "We are seeing nothing less than the termination of a successful 50-year partnership on gas between Russia and Europe," said Michael Stoppard, special adviser and global gas analyst at S&P Global Commodity Insights. As the year comes to a close, costs for natural gas and heating fuel have ebbed as economic activity declines.

☆ A tale of 2 tech giants: Struggling Meta is pulling back on offices in LA and NYC to cut costs, while TikTok is expanding
▼ + stars: | 2022-12-02 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +3 min

TikTok is seeking 150,000 square feet in Los Angeles to more than double its footprint in the city. One of the leasing executives who spoke with Insider said TikTok had considered spaces from "Santa Monica to downtown" Los Angeles. Meta, meanwhile, has 260,000 square feet in Los Angeles at the Brickyard, a recently built office complex in Playa Vista. The diverging appetite for office space between TikTok and Meta underscores a change in fortune for both firms. A spokeswoman for Meta said the company would not comment on its LA offices or its plans for them.

☆ Slick Switzerland edge Serbia in goalfest to reach last 16
▼ + stars: | 2022-12-02 | by ( Hritika Sharma | ) www.reuters.com time to read: +4 min

DOHA, Dec 2 (Reuters) - Switzerland reached the World Cup knockout phase for the third straight time after prevailing 3-2 over Serbia on Friday to finish runners-up in Group G and set up a last 16 showdown with Portugal. But Switzerland resolutely saw out the win, and finished second in Group G behind Brazil on goal difference. Switzerland have now reached the last 16 of every World Cup and European Championship since 2014 and will meet Group H winners Portugal on Tuesday for a place in the quarter-finals. Serbia, who needed a win to give themselves a chance of advancing, finished bottom of the group with only one point. They have never moved past the World Cup group stage since the break-up of Yugoslavia.

Meanwhile, the downturn in euro zone business activity eased slightly in November, offering a glimmer of hope the expected recession there may be shallower than feared, but consumers still cut spending amid a cost of living crisis. However, November is the fifth month the index has been below the 50 mark separating growth from contraction. But in France activity contracted for the first time since February 2021 as lower new orders weighed on the euro zone's second-biggest economy. Activity in the bloc's dominant services industry declined again, with the headline index matching October's 20-month low of 48.6. Manufacturing activity, particularly hard hit by soaring energy prices and disrupted supply chains, also declined but at a slower pace.

☆ Americans' financial fragility largely unchanged in 2022, NY Fed says
▼ + stars: | 2022-11-21 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

The regional Fed bank said in its latest Credit Access Survey, which was released on Monday and details developments for this year, that respondents reported "a slight increase in the subjective financial fragility of U.S. There was also little change among those who said they might need $2,000 unexpectedly, according to the New York Fed report, which concluded that both measures have been little changed since 2015, even as the coronavirus pandemic roiled the economy. The New York Fed report also found that overall there has been "a decline in consumer credit demand in 2022, with most credit application rates stable or weakening, except for a rise in credit card applications." The report was released as the U.S. central bank presses ahead with aggressive interest rate increases that are aimed at lowering high levels of inflation. Fed policy is also expected to drive up unemployment, although the job market has remained resilient so far.

☆ Morning Bid: Cat, mouse and 5%
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. The cat-and-mouse game between the Fed and financial markets has intensified around 5% peak interest rates next year as next week's Thanksgiving holiday hoves into view. In Europe, the euro , euro bond yields and bank stocks (.SX7P) climbed on Friday as the European Central Bank prepared for the start the biggest withdrawal of cash from the euro zone's banking system in its short history. The crypto world continued to lick its wounds amid unfolding revelations and reverberations surrounding the collapse of exchange FTX. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Foreign workers laid off from Big Tech face a deadline: Find a job ASAP, or leave the country
▼ + stars: | 2022-11-17 | by ( Brahmjot Kaur | Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +10 min

Under the umbrella of a tech giant, not only would he have job security, he thought, but visa security as well. Originally from China, he needed the sponsorship of an H-1B work visa to stay in the U.S.A year went by in his new role and everything seemed to be going well. immigration policy has amplified the uncertainty for immigrant workers in times like this. “It’s definitely harder trying to find a job or trying to find a company that’s willing to sponsor you. “This really helped drive the tech boom in the U.S. and made the U.S. the big tech hub,” Khanna said.

☆ Asian stocks mixed, dollar finds footing as traders assess Fed outlook
▼ + stars: | 2022-11-17 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

TOKYO, Nov 17 (Reuters) - Asian stocks were mixed on Thursday while the U.S. dollar stabilized and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data. Renewed expectations the Fed will keep hiking rates have increased concerns about the economic outlook. The U.S. Treasury yield curve remained deeply inverted in Tokyo trading, suggesting investors are bracing for recession. U.S. e-mini stock futures , though, indicated a 0.3% rebound at the reopen following the S&P 500's (.SPX) 0.8% overnight retreat. However, traders still see the terminal rate as close to 5% by next summer from the currency policy rate of 3.75-4%.

Summary China may miss typical November-December export surgeExports unexpectedly dropped in October as global demand ebbedFall in exports broad-based, from toys to appliancesBEIJING, Nov 10 (Reuters) - China's usual year-end export surge is in doubt as weak global demand dims a rare bright spot for the world's second-biggest economy, already hurt by COVID-19 lockdowns, a frozen property sector and ebbing domestic consumption. Analysts expect global recession risks and China's disruptive COVID curbs will further drag on exports in coming months, dashing hopes for an economic rebound this quarter. Qi was not sure of the scale of orders that overseas customers would place in December. A closely watched private-sector survey focussing on small manufacturers shows export orders contracting since August. Buyers usually book orders for Christmas and Black Friday around August, but weak demand already sapped any lift this period.

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. The euro touched $1.003 in Asia trade, its highest in nearly two weeks, before sliding to trade down a touch straddling the $1 level. The Japanese yen hit a one-week high of 146.35 per dollar. COVID POLICYAnother factor that has weighed on the dollar in recent days was speculation that China might relax aspects of its dynamic zero COVID policy.

☆ Dollar catches footing ahead of U.S. midterms
▼ + stars: | 2022-11-08 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/IllustrationSINGAPORE, Nov 8 (Reuters) - The dollar steadied during Asia trade on Tuesday after some of the momentum ebbed out of bets on China's reopening, and as traders looked ahead to U.S. midterm elections. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. Sterling , which surged on Monday, was 0.2% weaker at $1.1490, with focus there on fiscal update expected on Nov. 17. The Japanese yen hit a one-week high of 146.35 per dollar.

☆ Logistics Companies Are Reversing Their Hiring Binge
▼ + stars: | 2022-11-04 | by ( Liz Young | ) www.wsj.com time to read: +4 min

The hiring frenzy in logistics driven by pandemic-fueled shopping appears to be cooling off. “We got ahead of ourselves in terms of head count,” said Bob Biesterfeld, chief executive of C.H. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Chief Executive Judy McReynolds said the company would now look to get “greater efficiency” from the people it already employs. “We aren’t really hiring other than filling vacancies and whatnot,” Chief Executive Greg Gantt said on an Oct. 26 earnings call.

☆ Dorsey's Block posts a jump in revenue, boosting shares
▼ + stars: | 2022-11-03 | by ( Hannah Lang | ) www.reuters.com time to read: +2 min

[1/2] The logo of Cash App is seen at a stand during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. Shares of Block, formerly called Square, rose more than 14% in extended trading on Thursday. The San Francisco, California-based company reported a 17% rise in total net revenue from the year prior at $4.52 billion in the third quarter. Its unit that sells terminals and software for businesses to process payments, Square, generated gross profit of $783 million, up 29%. In August, the company announced it had slowed hiring and slashed its 2022 investment target by $250 million, citing ongoing economic uncertainty.

Migrants who have been bused to New York City in the thousands are finding themselves in a fruitless hunt for work while they try to build lives in the United States. It’s already been about a month, a month and a half in New York and we need to find work,” Yorvin Mateus, 24, said. Yet, with work hard to come by, the trio planned to try their luck in Chicago, another city that has been taking in migrants. The dormitory at the Randall's Island relief center in New York City on Oct. 18. Jan Rojas, a migrant from Venezuela, with his wife and four children in New York City.

☆ Chadwick Boseman’s widow reflects on loving and losing him
▼ + stars: | 2022-11-02 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Simone Ledward Boseman is opening up about the death of her husband Chadwick Boseman in a new interview with Whoopi Goldberg. The “Black Panther” star died in 2020 at the age of 43 after a private battle with colon cancer. “It was been the most challenging two years I have ever had in my life,” Ledward Boseman said of how she’s processing the loss of her late husband. “Some days I’m doing worse than I’m really willing to acknowledge and other days I’m doing better than I feel comfortable admitting,” she said. The full interview will air Friday as part of “20/20 Presents Black Panther: In Search of Wakanda.”“Black Panther: Wakanda Forever” is in theaters November 11.

☆ Shopify shares surge as results beat eases e-commerce slowdown fears
▼ + stars: | 2022-10-27 | by ( Nivedita Balu | ) www.reuters.com time to read: +2 min

Best known as a one-stop platform for online businesses, Shopify has moved to provide offline payments and other services after the pandemic-fueled surge in e-commerce ebbed. The company has added tools for businesses to connect with their shoppers online and build on the growth of influencers on social media. The purchase of e-commerce fulfillment company Deliverr has also helped expand its services. Davidson analyst Tom Forte said the results were "a reflection of (the company's) ability to exploit not only the online e-commerce opportunity but also the offline retail one." For the holiday quarter, Shopify expects gross merchandise volume (GMV), or total sales made through the platform, to "outperform the broader U.S. retail market."

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

☆ Gold subdued as dollar ticks higher; investors eye Fed outlook
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +1 min

Gold prices were flat on Wednesday on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on U.S. Federal Reserve 's policy tightening. Spot gold was flat at $1,653.06 per ounce, as of 0118 GMT, while U.S. gold futures were down 0.2% at $1,654.20. The Fed is widely expected to deliver a fourth straight supersized interest-rate hike when they meet in November. Top gold consumer, China's net gold imports via Hong Kong halved from the previous month in September, data showed on Tuesday. Spot silver fell 0.1% to $19.32 per ounce, platinum dipped 0.1% to $914.04 and palladium rose 0.9% to $1,940.55.

☆ Inflation worries hurt U.S. consumer confidence; house prices decelerating
▼ + stars: | 2022-10-25 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Conference Board's consumer confidence index fell to 102.5 this month from 107.8 in September. Consumers were also more inclined to buy a house, probably encouraged by a sharp slowdown in house price inflation. On a monthly basis, prices fell 0.9% in August, the second straight monthly drop. Prices fell 0.7% on a monthly basis after decreasing 0.6% in July. It was the first time since March 2011 that monthly prices posted back-to-back declines.

Earnings from the companies will offer a glimpse into how corporate America is holding up in the face of decades-high inflation and tighter financial conditions. "There is a positive view (on technology earnings)," said Giuseppe Sette, president of AI investment platform Toggle. FEDWATCHToggle's Sette noted that it is not yet a done deal that investors are shifting towards a more dovish Fed. Advancing issues outnumbered decliners by a 5.16-to-1 ratio on the NYSE and by a 4.03-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 41 new highs and 76 new lows.

☆ U.S. consumer confidence ebbs in October; inflation expectations rise
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 25 (Reuters) - U.S. consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, a survey showed on Tuesday. The Conference Board said its consumer confidence index fell to 102.5 this month from 107.8 in September. Consumers' 12-month inflation expectations rose to 7.0% from 6.8% last month. Its expectations index, based on consumers' short-term outlook for income, business and labor market conditions, fell to 78.1 from 79.5 last month. "Looking ahead, inflationary pressures will continue to pose strong headwinds to consumer confidence and spending," said Lynn Franco, senior director of Economic Indicators at The Conference Board in Washington.

But Broadbent's concentration on the likely peak terminal rate next year is what matters most. For context, that UK terminal rate, now pencilled in for around the middle of 2023, rocketed almost two full percentage points from just prior to the botched mini-budget to as high as 6.25%. Fed terminal rates, now targeted about March next year, have jumped 150 bps to 5% over the past two months. And Morgan Stanley, for example, see a UK terminal rate as low as 4% - a huge drop from current market pricing. The stubborn refusal of terminal rate pricing to return to where it was last month reflects the extent of those jitters.

☆ A portfolio manager beating 99% of his peers this year breaks down why the market has another 15% to 20% of downside ahead — and shares the biggest mistake investors could make once the Fed begins to
▼ + stars: | 2022-10-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Drawing from the dot-com crash, he believes the current bear market still has 15%-20% more downside. Abate also shared the biggest mistake investors could make once the Fed begins to ease once more. Today's bear market mirrors the dot-com crashPart of Abate's investment process involves drawing parallels between the current market and historical recessions. "I still think that we are in the midst of a bear market. Similarly, both bear markets were also kicked off by an "excessive period of poor allocation of investment capital," Abate said.

REUTERS/Amir CohenTEL AVIV/ZURICH, Oct 13 (Reuters) - Israel's Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its "New Meat" steak cuts produced on 3D printers, it said on Thursday. Early hype about plant-based meat alternatives, seen as better for animals and the environment, has ebbed as inflation and recession worries make some consumers return to cheaper animal meat products, while staffing shortages have hit fast-food chains, an important sales channel for plant-based burger patties. Redefine Meat, which makes its products from ingredients including soy and pea proteins, chickpeas, beetroot, nutritional yeasts and coconut fat, has ambitious plans. Ben-Shitrit said Redefine Meat was launching tenderloin and striploin steaks and their adoption by chefs in expensive restaurants proved their quality. Its New Meat is currently available in Israel, Britain, the Netherlands and Germany in almost 1,000 restaurants that are currently paying about $40 per kilo for Redefine Meat's steak cuts, Ben-Shitrit said.

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