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JPMorgan Chase executive Mary Callahan Erdoes sought advice for a $600 million tax issue from disgraced former financier Jeffrey Epstein in 2005, legal filings alleged. The USVI in court filings Monday night asked the court for partial summary judgment in its favor. In a deposition this year, Erdoes acknowledged that JPMorgan was aware of the accusations against Epstein by 2006. JPMorgan agreed to pay $290 million to settle a lawsuit from Epstein's victims, but the USVI suit has continued. On that, JPMorgan had this statement: "Jeffrey Epstein was in Florida where many of Madoff's victims lived.

Persons: Mary Callahan Erdoes, Jeffrey Epstein, Epstein, Erdoes, Jes Staley, Bernie Madoff, Staley Organizations: JPMorgan Chase, Virgin, JPMorgan Locations: U.S, Manhattan, Florida

☆ Managers say 4-6 pm is now a work 'dead zone.' Employees run errands and take care of kids before logging on later to finish.
▼ + stars: | 2023-07-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

We've now ushered in a "triple peak" day. The result is a "triple peak" day, as The Atlantic's Derek Thompson reported last April. But for those whose work is more solitary or not as time-sensitive, the triple peak day may offer a pathway to greater work-life balance. Working parents, for example, might adopt a triple peak day to spend more time with their kids during the day and finish work once their kids are off to bed. Are you working a "triple peak" day?

Persons: We've, Derek Thompson, Colette Stallbaumer, Mary Czerwinski Organizations: Service, Street Journal, Workers, Microsoft Locations: Wall, Silicon

☆ ChenMed just tapped a UnitedHealthcare veteran to take over as the clinic company confronts financial pressures
▼ + stars: | 2023-07-20 | by ( ) www.businessinsider.com time to read: +4 min

The family behind primary-care company ChenMed is stepping back from their leadership roles. He will bring on an almost entirely new leadership team, effective August 1. "The Chen family remains owners of the ChenMed company, and we will no longer be directing company operations," Chris Chen told staff. As a private company, ChenMed does not disclose its financials. During the meeting Thursday, Chris Chen told staff that the family and leadership team have "decided to keep the ChenMed brands together."

Persons: Steve Nelson, ChenMed, Chen, Nelson, Chris Chen, Steve Nelson ChenMed, Steve, Chris Chen's, Dr, Gordon Chen, James Chen, Mary Chen, Stephanie Chen, Jessica Chen, Shelby Livingston Organizations: Humana Locations: slivingston, insider.com

Weeks later, Mr. Trump is the former President Trump. Instead, in a brief televised address shortly before 2:30 a.m., Mr. Trump furiously laid down his postelection lie. For weeks, Mr. Trump had been peppering him with tips of fraud that, upon investigation by federal authorities, proved baseless. The cavalry “is coming, Mr. President,” Kylie Kremer tweeted to Mr. Trump on Dec. 19. On Jan. 15, Mr. Trump acquiesced to an Oval Office meeting with Mr. Lindell, who arrived with two sets of documents.

Persons: Donald J, Trump, Joseph R, Biden, Justin Clark, Rudolph W, Giuliani, Clark, Weeks, Mitch McConnell, McConnell, Jared Kushner, McConnell’s, Biden’s, William P, Barr, Mr, Trump’s, Sidney Powell, Lin Wood, sleuths, MyPillow, Mike Lindell, Patrick Byrne, Stephen K, Bannon, Michael T, Flynn, platformed, Jared Taylor, Enrique Tarrio, Doug Mills, Eric, “ We’re, ”, Fox, Eric Trump, Newt Gingrich, Joe Biden’s, Kevin McCarthy, Laura Ingraham, Obama, Dennis Montgomery, Thomas McInerney, McInerney, John McCain, Bannon’s, “ it’s, Paul Gosar, Doug Ducey, Roy Blunt of, Roy Blunt, Anna Moneymaker, —, “, ” Mr, Mark Meadows, Josh Holmes, Kushner, — Mr, Mitt Romney, Lisa Murkowski, Lindsey Graham, Sean Hannity, Lindsey Graham of, Sean Hannity’s, — I’ve, Let’s, Graham, Pat A, Axios, Brendan Smialowski, “ Hannity, Thomas, Jenna Ellis, Matt Morgan, Al Gore, George W, Bush, Brooks, Stefan Passantino, Powell, Lynsey Weatherspoon, Gore, William H, Rehnquist, Giuliani —, Kris Kobach, Mark Martin, Lawrence Joseph, Kobach, Uncle Sam, Mr . Biden, Ken Paxton, Jeffrey M, Landry, Paxton, Kyle D, Hawkins, Jacquelyn Martin, Joseph, Richard L, Chris Carr, Carr, Mike Johnson of, Mike Johnson, McCarthy, Privately, Ted Cruz of, John Sauer, ’, ” James E, Nicolai, North, Wayne Stenehjem, Stenehjem, Wayne, Tasos Katopodis, MAGA, Marjorie Taylor Greene, Marsha Blackburn of, Ms, Blackburn, Amy Kremer, Ann Stone, Roger Stone, Amy Coney Barrett, Kremer’s, Kylie Jane Kremer, Jennifer Lawrence, Dustin Stockton, Lawrence, Stockton, I’ve, Lindell, they’d, Taylor, Greg Locke, Covid, Michael McKinney, Tucker Carlson, Carlson’s, “ Donald Trump, ” Ms, Meadows, Georgia runoffs, Byrne, Cipollone, he’d, Martin, Mike Pence, reconvene, ” Kylie Kremer, James Yeager, Kylie Kremer, Yeager’s, Lawrence whooped, John Kennedy, James Lyle, Josh Hawley, “ You’ve, Lyle, Couy Griffin, Kennedy, Pete Marovich, Kremer, Julie Jenkins Fancelli, Alex Jones, Caroline Wren, Kimberly Guilfoyle, Donald Trump Jr, Katrina Pierson, Brad Raffensperger, Jeffrey A, Rosen, Department’s, Jeffrey Clark, Scott Perry, Hawley, Cruz, Year’s, Tom Cotton of, Cotton, Cindy Chafian, Chafian, Jones, Stone, Locke, Jan, “ You’ll, Gosar, Griffin, Robert O’Brien, I’m, ’ ”, Kenny Holston, Donald Trump, ” Mark Walker, Ben Margot, Stefani Reynolds, Samuel Corum, Erin Schaff, David J, Ted Cruz, John Bazemore Organizations: Twitter, Dominion Systems, Trump, Biden, Dominion, New, New York City, The New York Times, Senate, New York, Republican Party, Capitol, White, Times, The Times, America News Network, Fox, America, Boys, New York Times, American, Air Force, Electoral College, Republicans, Joe Biden’s Democratic Party, Republican, Facebook, Democrats, Associated Press, “ Fox & Friends, White House, West Wing, “, Federal Bureau of Investigation, Veritas, Justice Department, Postal Service, York Daily, Agence France, Zignal Labs, Amistad, Thomas More Society, Mr, Electoral, Supreme, Lawyers, General Association, Associated, State, University of California, Republican House, Women, Tea Party, Trump -, Breitbart, of, Credit, SPAN, Tea Party Express, Republican National Committee, Internet, Army, Des Moines Register, Marine, General Services Administration, Swedish, Cowboys, Capitol ., Street Journal, Save, General Association ., Law Defense Fund, Freedom, Coalition, Proud Boys, Willard, Homeland Security, Party, Getty, Georgia Electoral College Locations: Detroit, Arizona, Georgia, New York, America, China, Trump, Grand Rapids, Mich, Philadelphia, Atlanta, Milwaukee, Santa Cruz ,, Arizona —, Russia, North Vietnam, United States, Roy Blunt of Missouri, Kentucky, Utah, Alaska, Lindsey Graham of South Carolina, Erie, Pa, Pennsylvania, Long, Bush, Florida, tightest, Kansas, North Carolina, Ken Paxton of Texas, Texas, State of Texas, Michigan, Wisconsin, Irvine, Mike Johnson of Louisiana, Ted Cruz of Texas, Missouri, Washington, Marsha Blackburn of Tennessee, Trump’s, Hudson, Stockton, Tennessee, Des Moines, Meadows, White, fistfights, Nashville, West Monroe, La, Louisiana, drumbeating, Tom Cotton of Arkansas, Delaware

☆ A psychiatrist charges $700 hourly to Wall Street elites who are 'terrified of being exposed' for drug and sex addictions
▼ + stars: | 2023-07-14 | by ( Will Gendron | ) www.businessinsider.com time to read: +5 min

Among high-powered finance executives, mental health struggles and addiction can be seen as taboo. Dr. Sam Glazer specializes in this clientele, charging $700 for a 45-minute session, WSJ reported. These executives are willing to spend on Glazer's expertise, who charges $700 for a 45-minute session, the Journal reported. "I've seen a lot of people who are high functioning in the upper levels of finance who are terrified of being exposed," Glazer told the WSJ. "They are completely honest with me in my office," he told Insider.

Persons: Sam Glazer, —, Glazer, Alden Cass, Cass, It's, Today undercuts Organizations: Morning, Wall Street, NYU, Deloitte, Finance, Today

☆ China's Q2 GDP seen rising 7.3% y/y but on low base, recovery fades: Reuters poll
▼ + stars: | 2023-07-13 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

Economic growth is likely to slow to 4.8% in the third quarter and 5.3% in the fourth, with full-year growth expected to reach 5.5%, the poll showed. China's central bank on Monday extended until the end of 2024 some policies which were unveiled in a November rescue package to shore up the real estate sector, including loan repayment extensions for developers. Analysts polled by Reuters expect the central bank to cut banks' reserve requirement ratio (RRR) by 25 basis points in the third quarter, while keeping benchmark lending rates steady. The central bank cut the RRR - the amount of cash that banks must hold as reserves - in March. But the central bank is likely to be wary of cutting lending rates further.

Persons: it's, Zhang Yiping, Li Qiang, Devayani Sathyan, Susobhan Sarkar, Jing Wang, Kevin Yao, Kim Coghill Organizations: Beijing, Reuters, Gross, China Merchants Securities, stoke, Thomson Locations: China, BEIJING, Bengaluru, Shanghai

☆ US economy shifts into disinflation mode; consumer prices rise modestly
▼ + stars: | 2023-07-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was the smallest year-on-year increase since March 2021 and followed a 4.0% rise in May. The year-on-year CPI is slowing in part as last year's large rises drop out of the calculation. It was the first time in six months that the so-called core CPI did not post monthly gains of at least 0.4%. Services prices rose 0.3%, matching May's gain. Economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation.

Persons: Christopher Rupkey, Joe Biden, Chris Zaccarelli, Sarah Silbiger, Michael Gregory, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Fed, Reuters Graphics, CPI, Reuters, Independent, Treasury, El Progreso Market, Washington , D.C, REUTERS, Institute, Supply, BMO Capital Markets, Thomson Locations: WASHINGTON, U.S, New York, Charlotte , North Carolina, Mount Pleasant, Washington ,, Toronto

☆ US consumer prices post modest gains; economy shifts into disinflation mode
▼ + stars: | 2023-07-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

U.S. Treasury prices rose. It was the first time in six months that the so-called core CPI did not post monthly gains of at least 0.4%. In the 12 months through June, the core CPI rose 4.8%. Core inflation is expected to continue receding in the months ahead, with the labor market cooling and independent measures showing rents on a downward trend. Economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation.

Persons: Christopher Rupkey, Sarah Silbiger, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Reserve, Labor Department, Fed, Reuters Graphics, CPI, Reuters, Treasury, El Progreso Market, Washington , D.C, REUTERS, Institute, Supply, Thomson Locations: WASHINGTON, U.S, New York, Mount Pleasant, Washington ,

Summary Canadian minister Ng notes progress with Mexico over energyUSTR Tai urges Mexico to monitor steel and aluminum exports to U.S.MEXICO CITY, July 6 (Reuters) - The U.S. sees some progress made on an energy dispute with Mexico, although "deep-seated" concerns persist, U.S. Trade Representative Katherine Tai said on Thursday shortly before talks in Mexico with top Mexican and Canadian trade officials. The U.S. and Canada demanded dispute settlement talks over energy with Mexico in July 2022, arguing that Mexico's nationalist energy policies, which have tightened state control over the energy market, were discriminatory to U.S. companies. Canada's Ng separately noted progress with Mexico over energy issues, saying concerns from Canadian companies had been addressed. In addition to the energy spat, the U.S. and Mexico are engaged in a dispute over Mexico's decree to limit the use of genetically modified (GM) corn. Before the meeting, Tai said trade dispute settlement consultations over GM corn, which the U.S. requested in June, began with Mexico last week.

Persons: Ng, Tai, Katherine Tai, Raquel Buenrostro, of International Trade Mary Ng, Canada's Ng, Daina Beth Solomon, Cassandra Garrison, Costas Pitas, Brendan O'Boyle, Marguerita Choy, Diane Craft Organizations: MEXICO CITY, U.S . Trade, USMCA Free Trade Commission, Mexican, of International Trade, Thomson Locations: Mexico, U.S, MEXICO, Canada, American, Mexican, Cancun

☆ The D.N.C. Has a Primary Problem
▼ + stars: | 2023-07-05 | by ( Ross Barkan | ) www.nytimes.com time to read: +4 min

With Clyburn’s blessing, he became chairman of the South Carolina Democratic Party. “People thought early on, Oh, God, Jaime’s the chair of the D.N.C., so therefore he’s going to put his finger on the scale for South Carolina. “National Geographic said that 90 percent of African Americans can trace one of their ancestors to South Carolina. In our primary, 50 to 60 percent of the people who vote in the Democratic primary will be Black folks. A first-in-the-nation South Carolina primary lends Black moderates, a pivotal Democratic constituency, the kind of clout that many believe they deserve.

Persons: Jaime Harrison, Harrison, Kyrsten, Biden, Jim Clyburn, Ron Brown, Brown, Lindsey Graham, Clyburn, South Carolina —, ” Harrison, it’s, hasn’t Organizations: Democratic National Committee, Democratic, South Carolina, Biden, Podesta, South Carolina Democratic Party, Geographic, Democratic Party Locations: South Carolina, New Hampshire, Montana , Ohio, West Virginia, Arizona, D.N.C, South, Southern, Carolina, Hampshirites, America, Iowa

☆ A new Texas law forces vendors to rate sexual content in schoolbooks. They’re not happy about it
▼ + stars: | 2023-07-04 | by ( Nadia Bidarian | ) edition.cnn.com time to read: +10 min

But a new Texas law might require her to. The law’s primary author, Republican Texas State Rep. Jared Patterson, said its aim is simple: Get sexually explicit content out of schools. Republican Texas State Rep. Jared Patterson debates HB 900, which would ban sexually explicit materials from library books in schools. Mikala Compton/Austin American-Statesman/APBut the burden of rating these books falls on book vendors. The law also applies retroactively to books sold to schools in the past, meaning that vendors must issue recalls for “sexually explicit” books still in circulation.

Persons: Charley Rejsek, they’d, “ We’re, ” Rejsek, Jared Patterson, Mikala Compton, “ We’ve, “, ” Patterson, ”, Shirley Robinson, ” Robinson, Ben Conn, Conn, Noble, ” Conn, wasn’t, Patterson, Valerie Koehler, Mary Cate Stevenson, Noah Nofz Koehler, doesn’t, she’s, ” Koehler, Noah Nofz Richard Bailey, Greg Abbott, Bailey, ” Bailey, Lewis Parry, ” Elizabeth Jordan, ’ Patterson, ” Jordan, can’t, Jordan Organizations: CNN, Republican Texas State, Austin American, Statesman, Resources, ”, Texas Library Association, Media Association, Barnes, Penguin, Library Company, Education, Willow, Interabang, Dallas County, Lewis Parry Interabang, Nowhere, Texas Education Agency Locations: Texas, Austin, ”, Houston, Houston , Texas, Dallas, Dallas , Texas, San Antonio

By 1156 GMT, the rouble was 1.8% weaker against the dollar at 89.15 after earlier hitting 89.3275, its weakest point since March 29, 2022. It lost 1.8% to trade at 96.74 versus the euro , also a 15-month low. It shed 1.4% against the yuan to 12.23 <CNYRUBTOM=MCX>, a more than 14-month low. The rouble lost a key support factor on Wednesday as a month-end tax period that typically sees exporters convert foreign currency revenues to meet local liabilities passed. Brent crude oil , a global benchmark for Russia's main export, was up 0.1% at $74.41 a barrel.

Persons: C.bank, Yevgeny Prigozhin's, Vladimir Putin's, Alexei Zabotkin, Zabotkin, Alexander Marrow, Jamie Freed, Robert Birsel, Jane Merriman, Mark Heinrich Our Organizations: Alor Broker, Bank of Russia, Brent, Gazprom, Thomson Locations: Moscow, Russian, Alor, Russia, Ukraine

☆ Analysis: Canada pressured by allies to up military spending
▼ + stars: | 2023-06-29 | by ( Steve Scherer | ) www.reuters.com time to read: +6 min

The 2022 average spending for all of NATO was 2.58% of GDP. "We say nice things but do not invest," said the former defense official, and allies now say: "Show us the money." And you don’t get elected in Canada by promising to increase defense spending." The move is allies telling Canada: "We don't want to hear the words anymore. David Perry, President of the Canadian Global Affairs Institute, also said it was time for Canada to step up.

Persons: Justin Trudeau, Jens Stoltenberg, Adam Scotti, I'd, Daniel Minden, Anita Anand, Roland Paris, Trudeau, don’t, Christyn, David Perry, Steve Scherer, Denny Thomas, Grant McCool Organizations: Canada's, NATO, Canadian Forces CF, Minister's, REUTERS, Canada, OTTAWA, Canadian, Atlantic Treaty Organization, Forces, University of Ottawa, Trudeau's Liberal, Lockheed Martin Corp, North American Aerospace Defense Command, NORAD, Washington Post, HIGH, Canadian Association of Defence, Security Industries, Canadian Global Affairs Institute, Thomson Locations: CFB Cold Lake, Cold Lake , Alberta, Canada, China, Russia, Ukraine, NATO, Lithuania, Pacific, Australia

☆ Opioids may not work for back pain, study finds
▼ + stars: | 2023-06-28 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

The authors found that in terms of effects on back and neck pain, opioids weren’t any more helpful than the placebo. More people in the opioid group had ongoing pain at weeks 26 and 52 than in the placebo group. The opioid group had worse mental health scores and more reports of nausea, dizziness and constipation than the placebo group. Opioids and painThe study authors and experts who weren’t involved in the new study have theories on why opioids weren’t found to be more helpful than the placebo. “The good news is most people with acute low back pain and neck pain recover within 6 weeks naturally.”The authors studied nonspecific back or neck pain, which is pain with an unknown cause.

Persons: haven’t, ”, Christine Lin, Lin, Naloxone, ” Lin, weren’t, Mark D, Sullivan, Jane C, Ballantyne, ” Sullivan, ” Dr, John Finkenberg, wasn’t, don’t, Finkenberg, ” Finkenberg Organizations: CNN, American Spine Society, University of Sydney, University of Washington Locations: Australia, Sydney, San Diego

☆ District Attorneys in Queens and the Bronx Prevail in Democratic Primary
▼ + stars: | 2023-06-27 | by ( Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

Several Democratic incumbents in New York saw unusual challenges from more conservative candidates in Tuesday’s primary, with the opponents hoping to benefit from a demographic change, as an influx of immigrants is shifting some districts to the right. Incumbents easily held off primary challenges in Democratic primaries for district attorney in Queens and the Bronx; further north, a Council race in Buffalo was won by a woman whose son was shot in the Tops supermarket racist massacre. In New York City, just over 149,000 people had cast their ballots as of 6 p.m., according to the City Board of Elections. That includes 44,611 votes that were cast during the nine-day early voting period that began June 17 and ended on Sunday — less than a quarter of the early-voting turnout two years ago, when candidates for mayor were competing in the primary. There were contested primaries in New York City Council contests across the boroughs, with the races for a two-year term instead of the usual four years because of redistricting.

Organizations: Democratic, Buffalo, City Board, City Council Locations: New York, Queens, Bronx, New York City

The shares have been held in Russia by a different depositary bank. DRs are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. Swapping DRs for shares in the Russian company is a first step towards an effort to recover their money. Deutsche Bank is now allowing investors to swap DRs for shares as part of its plans to exit all Russia business, one source said. JPMorgan & Chase (JPM.N), Citigroup (C.N) and BNY Mellon (BK.N) act as depositary banks for most other Russian depositary receipt programs, according to Clearstream.

Persons: Mechel, underscoring, Irina Tsukerman, Grigory Marinichev, Morgan Lewis, BNY Mellon, Sinead Cruise, Alexander Marrow, Elisa Martinuzzi, Megan Davies, Hugh Lawson Organizations: Moscow LONDON, Deutsche Bank, Reuters, Deutsche, Aeroflot, LSR, Novolipetsk, The Central Bank of Russia, Depository, JPMorgan, Chase, Citigroup, BNY, Commission, Control, Foreign Investments, Thomson Locations: Moscow, Ukraine, Russia, Russian, Washington, London, Carolina, New York

Spot gold was up 0.8% to $1,927.90 per ounce by 10:25 a.m. EDT (1425 GMT), after dropping to a more than three-month low earlier in the session. Benchmark 10-year Treasury yields slipped to a 10-day low, reducing the opportunity cost of owning non-yielding gold. Spot silver rose 0.9% to $22.44 per ounce, but was set for its biggest weekly drop since October 2022. Platinum was down 0.3% to $920.38, on course for its worst week since August 2022. Palladium could extend this year's near 30% price decline as the rapid rise of electric vehicles threatens to hammer demand for the autocatalyst metal.

Persons: Edward Moya, Jerome Powell, Phillip Streible, Mary Daly, Barbara Lewis Organizations: Treasury, Federal Reserve, Blue, San Francisco Fed, Reuters, Palladium, Thomson Locations: U.S, Chicago, Bengaluru

☆ Trump gets first GOP endorsements since his indictment in classified documents case
▼ + stars: | 2023-06-23 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Trump, the clear frontrunner in the race for the 2024 GOP presidential nomination, was also endorsed by North Carolina Lt. Gov. As if to drive home that point, the same crowd that cheered Robinson also loudly booed another GOP presidential candidate, former New Jersey Gov. Reschenthaler, the House Republican chief deputy whip, is the second member of the chamber's GOP leadership to endorse Trump after House Republican Conference Chair Rep. Elise Stefanik of New York. Ron DeSantis, Trump's nearest Republican primary competitor, has so far amassed five congressional endorsements. Polls of the GOP primary field showed Trump widening his lead after his first indictment.

Persons: Donald Trump, Trump, Mark Robinson, Robinson, William Barr, Chris Christie, Christie, Mike Kelly, Dan Meuser, Scott Perry, Guy Reschenthaler, John Joyce, Reschenthaler, Elise Stefanik, Ron DeSantis, Fred Keller, Carla Sands, It's, Sen, Cindy Hyde, Smith, Andrew Clyde, Mike Pence, South Carolina Sen, Tim Scott, Nikki Haley, Vivek Ramaswamy, Asa Hutchinson, Miami Mayor Francis Suarez, Roe, Wade, Scott, Pence, Trump's Organizations: U.S, GOP, Columbus Convention, Trade Center, White, Republicans, North, Gov, Trump, White House, Republican, Republican Party, New, New Jersey Gov, Pennsylvania Federal Leadership Team, Keystone State, House Republican, NBC, Florida Gov, CNN, South, Former United Nations, Arkansas Gov, Miami Mayor, Democratic Locations: Georgia, Columbus , Georgia, Pennsylvania, North Carolina, New Jersey, Trump's, Washington ,, New York, Pennsylvania's, Denmark, Manhattan, Florida, South Carolina, Arkansas

Her comments followed a hawkish stance by Fed Chair Jerome Powell in his two-day testimony before the Senate Banking Committee earlier this week. Markets calmed briefly and the S&P 500 (.SPX) and the Nasdaq (.IXIC) added some gains in the previous session after Powell said the Fed will proceed with caution. We've heard from the various Fed governors, Powell talk about higher interest rates," said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest. Yields on the 2-year, which best reflects interest rate expectations, dropped to hover at 4.71% on Friday. Investors will also monitor comments from some Fed policymakers due to speak later in the day.

Persons: Mary Daly, Jerome Powell, Powell, We're, We've, Paul Nolte, advancers, Shubham Batra, Shristi, Arun Koyyur Organizations: Starbucks, Dow, Nasdaq, Federal Reserve, San Francisco Fed Bank, Reuters, Committee, Murphy, Apple, Microsoft, Dow Jones, 3M, Carmax Inc, Starbucks Corp, NYSE, Thomson Locations: San, U.S, Bengaluru

For LGBTQ+ couples, starting parenthood can be a complicated, expensive process. Having a financial plan can make a lot of difficult questions easier to answer. Whether it's IUI, IVF, reciprocal IVF, surrogacy, or adoption, all paths to parenthood are a major financial decision. "It's a great time to get a financial plan and work out all the details on the front end," she said. A financial plan can help answer the challenging questions lesbian couples face.

Persons: —, Jonathan, it's, Jess Dinney, Dinney, I, I'd, Kathy Fish, Fish, It's, Sara Swikard, Swikard Organizations: Service, Brookings Institution, Dinney, Fish, Associates Locations: Florida

[1/2] U.S. President Joe Biden meets with India's Prime Minister Narendra Modi in the Oval Office at the White House in Washington, U.S., September 24, 2021. Washington also wants to wean India away from its traditional defence partner Russia. Though Modi has made several previous visits to the United States, this will be his first with the full diplomatic status of an official state visit, just the third of Biden's presidency and third by any Indian leader. "It’s a milestone in our relationship...It is a very significant visit, very important visit," India’s Foreign Secretary Vinay Kwatra told reporters on Monday. Modi will also meet American CEOs and lead an International Yoga Day event at the UN headquarters.

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Modi, Vinay Kwatra, Kwatra, General, Ely Ratner, Biden, Kamala Harris, Antony Blinken, Raja Mohan, Krishn Kaushik, Sarita Chaganti Singh, David Brunnstrom Organizations: India's, White, REUTERS, Indian, . Congress, JET, General Electric, U.S ., Defense, Pacific Affairs, UN, Asia Society Policy, Rajesh, Thomson Locations: Washington , U.S, India, DELHI, WASHINGTON, United States, Washington, Washington and New Delhi, Pacific . Washington, Russia, New Delhi, Moscow, Ukraine, West, China, Cooperation, New York, U.S, Asia, NEW DELHI

☆ Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
▼ + stars: | 2023-06-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels - the Louis Vuitton and Dior brands - as well as champagne. However, the behind-the-scenes role of the oldest of Arnault’s four sons, Antoine, hasn't been widely known. Although Antoine Arnault's work shepherding LVMH's sponsorship of the Olympic Games is taking place behind closed doors, the outcome would be highly public. Steve Martin, global CEO of M&C Saatchi Sport & Entertainment, said that while LVMH is already associated with France, a formal sponsorship of the Olympics would help to further differentiate LVMH from luxury rivals. “If we get involved it would be to help out,” LVMH fashion group CEO Sidney Toledano told Reuters.

Persons: Antoine Arnault's, Antoine Arnault, Bernard Arnault's, Bernard Arnault’s, Delphine Arnault, Dior, Antoine, Louis Vuitton, Bernard Arnault, hasn't, Tony Estanguet, Cristiano Ronaldo, Lionel Messi, ”, Steve Martin, LVMH, Martin, Sidney Toledano, –, we’re, Toledano, Mimosa Spencer, Sharon Singleton Organizations: Deal, Dior, FIFA, Olympic, Saatchi Sport & Entertainment, Olympic Games, Reuters, Thomson Locations: PARIS, LVMH, Paris, France, Qatar, Atlanta, London

It comes as hydrogen technology is getting a boost from favourable legislation in the United States and Europe, which are both seeking to strengthen the technology to help carbon dioxide-heavy industries, including steel and chemicals, to decarbonise. "A potential IPO would enlarge the financial flexibility of Thyssenkrupp Nucera and raise its profile as a leading supplier of technology for the production of green hydrogen," he said. The listing, which is run by Citi (C.N) and Deutsche Bank (DBKGn.DE), will primarily consist of new shares, Thyssenkrupp Nucera said. First-half sales were up 74% at 306 million euros, while the group's earnings before interest and tax rose 87% to 13.3 million euros. "With our electrolysis technology we want to shape a new era of the energy transition," said Werner Ponikwar, chief executive of Thyssenkrupp Nucera.

Persons: Nora, Italy's De Nora, DNR.MI, Miguel Lopez, Thyssenkrupp, Thyssenkrupp Nucera, De Nora, Nora's, Norway's Nel, Werner Ponikwar, Christoph Steitz, Tom Kaeckenhoff, Francesca Landini, Miranda Murray, Clarence Fernandez, Sharon Singleton Organizations: Reuters, Citi, Deutsche Bank, Thyssenkrupp, Britain's ITM, Energy, U.S ., Thomson Locations: FRANKFURT, DUESSELDORF, Ukraine, United States, Europe, U.S

☆ India's outsourcing giants cut hiring; disheartening for economy, students
▼ + stars: | 2023-06-12 | by ( Navamya Ganesh Acharya | ) www.reuters.com time to read: +7 min

There are pockets of optimism elsewhere in the services sector - especially in accounting, where there is a surge in hiring. NLB sees a 20-25% drop in IT employee additions in the first half of the current financial year, while TeamLease Digital expects a 40% decrease for the entire year. Nasscom declined comment on the hiring slowdown. That has "surely left applicants concerned about future prospects", said staffing firm Xpheno's co-founder Kamal Karanth, who highlighted how current hiring activity was "under a third of what was recorded in the buoyant peak". Pai highlighted sectors such as financial services, consumer goods, specialised manufacturing, medicine, law, chartered accounting and other services as more viable options.

Persons: Rohit Azad, Azad, Rishad Premji, Sakshi Gupta, Sachin Alug, NLB, Nilanjan Roy, Nasscom, Gautam, Xpheno's, Kamal Karanth, LTIMindtree, Karanth, Siana, Siddharth Pai, Pai, Dhanya Skariachan, Raju Gopalakrishnan Organizations: New, Jawaharlal Nehru University, Wipro, HDFC, Apple, Citigroup, American Express, Europe's Credit Suisse, UBS, NLB Services, TeamLease, IT, Tata Consultancy Services, Infosys, Reuters Graphics, Sethuraman, Thomson Locations: BENGALURU, India, Punjab

FTC Chairwoman Lina Khan testifies during the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce hearing on the "FY2024 Federal Trade Commission Budget," in Rayburn Building on Tuesday, April 18, 2023. The Federal Trade Commission is set to file for an injunction Monday seeking to block Microsoft's proposed acquisition of Activision Blizzard , a person familiar with the matter told CNBC. By filing for an injunction, the FTC is seeking to stop the transaction from going through before the deal's July 18 deadline. The FTC had already sued to block the $68.7 billion acquisition, choosing to bring the case before its internal administrative law judge. An appeal of the U.K.'s Competition and Markets Authority's decision to block the merger is also scheduled to take place this summer shortly after the acquisition deadline.

Persons: Lina Khan, Brad Smith Organizations: Energy, Federal Trade Commission, Activision Blizzard, CNBC, FTC, Microsoft, Activision, Sony Locations: Rayburn, U.S

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