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(AP) — Missouri quarterback Brady Cook spent most of last season playing through a shoulder injury so severe it required offseason surgery. 15 Kansas State, some in a sea of yellow even booed their starting quarterback. “That pissed me off when we booed our starting quarterback to start the game. “That's why he's the starting quarterback,” Drinkwitz said sharply. Quit asking me about it.”Perhaps it's time to ask what Cook and the Tigers can do this season.

Persons: Brady Cook, Louis —, Tigers —, pining, Eli Drinkwitz, Sam Horn, Cook, Harrison Mevis, ” Cook, “, Drinkwitz, That's, Bill Snyder, Horn, Luther Burden III, Mookie Cooper, Theo Wease, ” Drinkwitz, He's, Louis, Gary Pinkel, “ It's, I've Organizations: COLUMBIA, — Missouri, Tigers, Kansas State, Wildcats, SEC, South, Middle Tennessee State, Memphis, Oklahoma State, Cotton Bowl, Rams, Chaminade, Vanderbilt, LSU, Kentucky, AP Locations: Mo, Kansas, Manhattan, South Dakota, Middle, Missouri, South Carolina, Georgia, Florida, Tennessee, Arkansas

☆ China boosts liquidity with medium-term policy tool
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. All 33 market watchers polled by Reuters this week predicted no change to the MLF rate. With 400 billion yuan worth of MLF loans set to expire this month, the operation resulted in a net 191 billion yuan of fresh fund injections into the banking system. It lent another 34 billion yuan via 14-day reverse repos at 1.95%, down from 2.15% previously. The rate reduction was a follow-up move to the rate cut to the seven-day tenor last month.

Persons: Jason Lee, Ken Cheung, Cheung, Marco Sun, Sun, Winni Zhou, Tom Westbrook, Tom Hogue, Shri Navaratnam, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Reuters, Mizuho Bank, MUFG Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, United States

☆ Australian jobs surge as productivity debate heats up
▼ + stars: | 2023-09-14 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

"Headline indicators report a very strong employment report, but the bias towards predominantly part-time employment should temper exuberance," said Dwyfor Evans, head of APAC macro strategy at State Street Global Markets. Markets maintained bets that the Reserve Bank of Australia (RBA) would keep rates steady next month, with an about 40% chance of one final hike early next year. WAGES, PRODUCTIVITYThe strong figures showed Australia's jobs market is still extremely tight more than and a year-and-a-half after the economy shook off its COVID-era border restrictions. loadingTreasurer Jim Chalmers on Thursday welcomed the strong jobs report, but warned that the labour market could slow from here, a consensus view among economists. Adam Boyton, head of Australian research at ANZ, is already seeing signs of slackening in the labour market, with underemployment rate creeping up and hours worked falling.

Persons: Barista Claudio Chimisso, Loren Elliott, Dwyfor Evans, Tim Gurner, Alexandria Ocasio, Cortez, Jim Chalmers, Chalmers, Adam Boyton, Boyton, Stella Qiu, Kim Coghill, Sam Holmes Organizations: REUTERS, Rights, Australian Bureau, Statistics, Street Global, Reserve Bank, Australian, Reserve Bank of Australia, ANZ, Thomson Locations: Sydney, Australia, China

☆ S.Korea c.bank says coordinated efforts needed to deal with household debt
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 14 (Reuters) - South Korea's central bank said on Thursday it needs to make coordinated efforts to contain household debt, which is at levels that could undermine economic growth and financial stability. "Unlike in major countries, household debt increased continuously without de-leveraging and has reached a level that hinders macroeconomic and financial stability," the Bank of Korea (BOK) said in its quarterly monetary policy report. South Korea's household borrowing grew for a fifth straight month in August by the biggest amount in two years, driven up by rising mortgage demand, prompting financial authorities to tighten certain loan regulations. The BOK said in the report it was more effective for macro-prudential policy to coordinate with monetary policy than for policy responses to be made in isolation.

Persons: Kim Hong, BOK, Jihoon Lee, Sam Holmes Organizations: Bank of, REUTERS, Rights, Bank of Korea, prudential, Thomson Locations: Bank of Korea, Seoul, South Korea, Rights SEOUL

☆ China's central bank vows to support demand, price rebound
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People's Bank of China (PBOC) said on Wednesday, citing a unnamed senior central bank official. The central bank "will create an appropriate monetary and financial environment to promote effective demand in the real economy, support a moderate recovery in prices and enhance economic vitality," the official said. New bank loans beat expectations by nearly quadrupling in August from July, as the central bank sought to shore up economic growth amid soft demand at home and abroad. The central bank last cut the reserve requirement ratio (RRR) - the amount of cash that banks must hold as reserves - in March.

Persons: Jason Lee, Zhou Maohua, Kevin Yao, Liangping Gao, Tom Hogue, Sam Holmes, Miral Organizations: People's Bank of China, REUTERS, Rights, Financial, China Everbright Bank, Officials, Beijing Newsroom, Thomson Locations: Beijing, China, Rights BEIJING

Versus the June survey, a corn harvested area increase of 774,000 acres in the fall is the largest ever back to at least the mid-1990s. Only 2012's increase of 890,000 acres (0.9%) was larger, though final corn acres usually come in lower than in June (15 of last 20 years). USDA was not the only entity too low on U.S. corn acres this year. The March planting survey came in more than a million acres above the trade estimate, then June corn acres blew out the highest trade guess by more than a million acres, topping the average guess by more than 2 million acres. That is the opposite of what happened in 2021, the last time USDA’s fall area review substantially boosted corn acres.

Persons: NASS, Karen Braun, Sam Holmes Organizations: U.S . Department of Agriculture, USDA's Farm Service Agency, Agricultural Statistics Service, USDA, Analysts, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S

☆ China 2023 GDP growth forecast cut to 5.0%, 4.5% in 2024 - Reuters poll
▼ + stars: | 2023-09-12 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

"The primary culprit is the property sector. This source of growth has now evaporated and won't be coming back," said Julian Evans-Pritchard, head of China economics at Capital Economics in Singapore. The Sept. 4-11 Reuters poll of 76 analysts, based in and outside mainland China, predicted the economy would grow 5.0% this year, lower than 5.5% forecast in a July survey. While recent data showed signs of improvement in the economy, some economists said more policy support was needed for the ailing property sector. A strong majority of economists who answered an additional question said the risks to their 2023 and 2024 GDP growth forecasts were skewed to the downside.

Persons: Julian Evans, Pritchard, Bingnan Ye, Teeuwe Mevissen, Vivek Mishra, Devayani, Anant Chandak, Veronica Khongwir, Jing Wang, Kevin Yao, Ross Finley, Sam Holmes Organizations: Capital Economics, China Merchants Bank, People's Bank of, Rabobank, Thomson Locations: BENGALURU, China, Singapore, Beijing, Hong Kong, People's Bank of China, Netherlands, Bengaluru, Shanghai

Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 12 (Reuters) - Adobe (ADBE.O), IBM (IBM.N), Nvidia (NVDA.O) and five other firms have signed President Joe Biden's voluntary commitments governing artificial intelligence, which requires steps such as watermarking AI-generated content, the White House said. The original commitments, which were announced in July, were aimed at ensuring that AI's considerable power was not used for destructive purposes. Google, OpenAI and OpenAI partner Microsoft (MSFT.O) signed onto the commitments in July. "The president has been clear: harness the benefits of AI, manage the risks, and move fast – very fast," White House chief of staff Jeff Zients said in a statement.

Persons: Dado Ruvic, Joe Biden's, Jeff Zients, Diane Bartz, Sam Holmes Organizations: REUTERS, Rights, IBM, Nvidia, Google, Microsoft, Thomson

☆ US exceptionalism thwarts dollar bears but Fed test looms
▼ + stars: | 2023-09-12 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Signs that the dollar will continue enjoying its yield-advantage over other currencies have undercut support for bearish views on the greenback. That theme will be tested in September, as the market braces for a flood of key U.S. economic data as well as the Fed's monetary policy meeting. Fed Chairman Jerome Powell's message at next week's monetary policy meeting could also influence the dollar's trajectory. While Englander is bearish the dollar in the medium term, the currency's "underlying drivers have been going so much in the opposite direction," he said. Other dollar rebounds this year, in March and May, failed at levels not far from where the dollar index trades now.

Persons: Dado Ruvic, It's, Vassili Serebriakov, Jerome Powell's, Steven Englander, Serebriakov, it's, Kit Juckes, Saqib Iqbal Ahmed, Laura Matthews, Ira Iosebashvili, Sam Holmes Organizations: REUTERS, U.S, Futures Trading, UBS, Reuters Graphics, Fed, Standard Chartered, Reuters, TD Securities, Societe Generale, Thomson Locations: U.S, United States

☆ Morning Bid: China developers catch break, BOJ hawks take flight
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 8, 2023. The drama isn't over: Sources say the extension applies to six of eight bonds under discussion, with voting delayed on the other two. The embattled developer has already dodged default twice this month, winning a three-year extension on offshore bond payments and making a last-minute coupon payment. Traders certainly lean toward a quarter-point hike next week, putting the probability at about 80%. But they're split on the chances of another, laying just north of 50/50 odds of one by March.

Persons: Kevin Buckland, Kazuo Ueda's, rumblings, BOE, Catherine Mann, it's, Sam Holmes Organizations: REUTERS, Staff, HK, Bank of Japan, Bank of England, Federal Reserve, ECB, Fed, Traders, Spain CPI, Thomson Locations: Frankfurt, Germany, Asia, Spain

☆ What we learned from Week 1 of 2023 NFL season
▼ + stars: | 2023-09-12 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

CNN —Week 1 of the new NFL season is in books and there are no shortage of talking points. This year’s influx of rookies made their first steps in the NFL over the weekend with varying success. Most notably was the serious-looking injury suffered by Aaron Rodgers on his New York Jets debut on Monday Night Football. It is the second serious injury Dobbins has suffered in his short NFL career after he tore his ACL, ruling him out of the 2021 season entirely. Matt Durisko/APAlso, can Zach Wilson – who was relegated to the Jets’ bench after Rodgers’ arrival – maintain a playoff push?

Persons: –, Brock Purdy, Matt Freed, – Bryce Young, C.J ., Anthony Richardson –, Richardson, Bijan Robinson, he’s, Robinson, Danny Karnik, Derek Carr, Jimmy Garoppolo, Baker Mayfield, Jordan Love, Aaron Rodgers, Sam Howell, Quinn Harris, Rodgers, Robert Saleh, Achilles, MRI’s, it’s, ” Rodgers, Michael Owens, Dobbins, John Harbaugh, Joe Burrow, Justin Herbert, Brandon Aiyuk, Matt Durisko, Zach Wilson – Organizations: CNN, NFL, Super, San Francisco 49ers, Pittsburgh Steelers, C.J, Stroud, Atlanta Falcons, Young’s Carolina Panthers, Carolina Panthers, New, New Orleans Saints, Las Vegas Raiders, Tampa Bay Buccaneers, Green Bay Packers, Soldier Field, NFC North, Chicago Bears, Getty, New York Jets, Monday, Jets, Packers, Buffalo Bills, Bills, Baltimore Ravens, Houston Texans, Steelers, Dallas Cowboys, New York Giants, Detroit Lions, Kansas City Chiefs, Cleveland Browns, Cincinnati Bengals, Browns, Bengals, Los Angeles Chargers, Miami Dolphins, Chargers, Jacksonville Jaguars, Washington, Philadelphia Eagles, New England Patriots, Indianapolis Colts, Kansas City Chiefs Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington Commanders Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, New York Giants Buffalo Bills Locations: C.J . Stroud, New Orleans, Florida, Washington, J.K, Sunday’s

☆ Yen stands tall, dollar finds floor ahead of US inflation
▼ + stars: | 2023-09-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The Japanese currency was last marginally lower at 146.61 per dollar, after scaling a one-week top of 145.91 in the previous session. Elsewhere, the U.S. dollar reversed some of its close to 0.5% loss against a basket of currencies on Monday. The U.S. dollar index , which ended last week with an eight-week winning streak, rose 0.03% to 104.60, after falling 0.46% in the previous session. The offshore yuan found some support near Monday's one-week high and last bought 7.3020 per dollar.

Persons: Florence Lo, Kazuo Ueda, Ueda, Chris Weston, we've, Tony Sycamore, Sterling steadied, bitcoin, Ether, Kyle Rodda, Rae Wee, Sam Holmes Organizations: U.S, REUTERS, Rights, Bank of Japan, Federal Reserve, New Zealand, Fed, Capital.com, Thomson Locations: Rights SINGAPORE, United States, U.S, Tony Sycamore ., Monday's, China

☆ New Zealand forecasts much larger budget deficit but improved economy
▼ + stars: | 2023-09-12 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Sept 12 (Reuters) - New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into the October election. The government forecast a budget deficit of NZ$11.4 billion ($6.7 billion) for the year ending June 30, 2024, much larger than a deficit of NZ$7.6 billion estimated in May. The global economy has deteriorated since May, which is having a direct impact on New Zealand's economy while tax revenue is also falling, Finance Minister Grant Robertson said in a statement. "Treasury’s latest forecasts show the economy isn’t working for Kiwis," said National Party leader Christopher Luxon. ($1 = 1.6926 New Zealand dollars)Reporting by Lucy Craymer; Editing by Sam Holmes and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Grant Robertson, Robertson, ", Christopher Luxon, Lucy Craymer, Sam Holmes, Edwina Gibbs Organizations: REUTERS, Rights, Finance, Zealanders, Treasury, Kiwis, National Party, Reserve Bank of New, Zealand, Thomson Locations: Wellington , New Zealand, Reserve Bank of New Zealand

☆ Sam Heughan’s Glasgow
▼ + stars: | 2023-09-12 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +1 min

When he does have free time, Mr. Heughan is out and about. “I love walking and running along the River Clyde to Glasgow Green with a possible stop at the microbrewery Drygate for a beer,” he said. Hiking is another pastime (Mr. Heughan’s recent memoir, “Waypoints: My Scottish Journey,” chronicles his experience tackling the 96-mile West Highland Way hike). On the topic of the kilt, yes, Mr. Heughan does sport one in real life. If you go to a pub in one, you’ll be getting a free drink at some point in the evening.”Here are five of his favorite places in Glasgow.

Persons: Heughan, ”, Heughan’s, “, you’ll Organizations: Glasgow Green, Highland, Citizens Theatre Locations: Clyde, Glasgow

☆ Patreon's CEO breaks down the company's 'next chapter' and why he's all in on community tools like group chats
▼ + stars: | 2023-09-12 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +6 min

Creators can now chat with their most dedicated fans who subscribe to their Patreon using the platform's in-app group chat tools. Patreon is introducing two new community tools: group chats and profiles. Why launch community tools now? "We are not trying to get 2 billion people on Patreon," Conte said. "It's the five to 15% of your true fans," Conte said.

Persons: Patreon, Jack Conte, Sam Haveson, we've, fandoms, Conte, TikTok, Geoff Weiss, TikTokers, I'm, We're Organizations: Patreon Locations: Patreon

☆ Analysis: BOJ's hawkish tilt suggests end to super-easy policy approaching
▼ + stars: | 2023-09-11 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Another board member, Junko Nakagawa, laid out the conditions for ending negative rates, notably a continued improvement in household confidence. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)." Less than half expect negative rates to end in 2024. There seems to be no consensus within the BOJ board, however, on when or how the bank would dismantle Kuroda's complex policy framework. Ueda said the BOJ could end negative rates if it believed that inflation would sustainably hold above the target.

Persons: Kazuo Ueda, Kim Kyung, Ueda, Tamura, Haruhiko Kuroda, Naoki Tamura, Kuroda, Mari Iwashita, Hajime Takata, Junko Nakagawa, Shinichi Uchida, Leika, Sam Holmes Organizations: Japan, REUTERS, Bank of Japan, Daiwa Securities, Reuters, Thomson Locations: Tokyo, Japan, TOKYO, U.S

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "It seems that Ueda's comments were intended to stop the yen's slide against the dollar," said Takehiko Masuzawa, trading head at Phillip Securities Japan. Christopher Wong, a currency strategist at OCBC, attributed the dollar's slide to traders "lightening up" on their long dollar positions ahead of the data. Against the weaker U.S. dollar, the Aussie and the New Zealand dollar were among the biggest beneficiaries, each rising more than 0.5%. The Australian dollar was last 0.6% higher at $0.64165, while the kiwi gained 0.52% to $0.5914.

Persons: Florence Lo, Kazuo Ueda stoked, Ueda, Takehiko, Sterling, Christopher Wong, Alvin Tan, Matt Simpson, Rae Wee, Junko Fujita, Sam Holmes, Christopher Cushing Organizations: U.S, REUTERS, Rights, Bank of Japan, Yomiuri, Federal Reserve, Phillip Securities Japan, British, Fed, Treasury, Asia FX, RBC Capital Markets, Index, Aussie, New Zealand, Thomson Locations: Rights SINGAPORE, Japan, Asia, United States, U.S, Singapore, Tokyo

But analysts say more policy support is needed to shore up consumer demand in the world's second-biggest economy, with a labour market recovery slowing and household income expectations uncertain. "In general the inflation (rate) still points to weak demand and requires more policy support for the foreseeable future." DEFLATION PRESSURESCompared with the previous month, CPI rose 0.3%, picking up from 0.2% in July, the statistics bureau said. Pork prices rose 11.4% month-on-month, versus no change in July, due to the impact of extreme weather in some areas. Factory-gate deflation moderated in August due to improving demand for some industrial products and rising international crude oil prices, the statistics bureau said.

Persons: Tingshu Wang, Zhou Hao, Bruce Pang, Jones Lang Lasalle, Premier Li Qiang, Kevin Yao, Joe Cash, Sam Holmes, William Mallard Organizations: REUTERS, National Bureau of Statistics, Reuters, Guotai, ANZ, Jones, Premier, Thomson Locations: Beijing, China, BEIJING, Ukraine

Real wages adjusted for inflation fell in July for a 16th straight month in a sign households continued to feel the pinch from rising prices, separate data showed, boding ill for consumption. Exports remained solid in April-June with net external demand contributing 1.8% points to GDP growth, unchanged from the preliminary reading. But shipments to China slumped 13.4% in July to mark the 8th straight month of falls. Japan's economy has seen a delayed recovery from the COVID-19 pandemic this year, as rising living costs faltering global demand cloud the outlook. Given such uncertainties, Bank of Japan policymakers have stressed their resolve to keep monetary policy ultra-loose until the recent cost-driven inflation turns into price rises driven by domestic demand and higher wage growth.

Persons: Kim Kyung, Takeshi Minami, Yoshifumi Takemoto, Sam Holmes Organizations: Food, REUTERS, Norinchukin Research, Private, Bank of Japan, Thomson Locations: Soma, Fukushima Prefecture, Japan, TOKYO, China, Norinchukin

Japan's gross domestic product (GDP) expanded an annualised 4.8% in April-June, against a preliminary estimate of 6.0% growth. The revised reading compared with a median market forecast for a 0.7% decline. Private consumption, which makes up more than half of the economy, fell 0.6% quarter-on-quarter in the April-June period, compared with a preliminary 0.5% decline. Exports remained solid for now with net external demand contributing 1.8% points to GDP growth, unchanged from the preliminary reading. Japan's economy has seen a delayed recovery from the COVID-19 pandemic's scars this year, as rising living costs faltering global demand cloud the outlook.

Persons: Yoshifumi Takemoto, Sam Holmes Organizations: Bank of Japan, Thomson Locations: TOKYO

☆ Watching ‘Barbie’ and Thinking About Death
▼ + stars: | 2023-09-08 | by ( Amanda Taub | ) www.nytimes.com time to read: +1 min

I really expected to love “Barbie.” As someone with proudly lowbrow taste in movies, I normally adore a big summer popcorn blockbuster, and every millennial woman I knew seemed to consider it a pop-nostalgia masterpiece. Instead, I left unsettled and frustrated: Something about the story seemed profoundly wrong to me, but I couldn’t articulate what it was. The play is set in a fictional totalitarian regime in which plays and literature are subject to strict censorship. That’s not because the government doesn’t respect the theater, a high-ranking censor named Mr. Celik explains to Adem, a young would-be playwright. Rather, it’s because it knows the power of stories to shape how people see the world, and to help them imagine how to change it.

Persons: “ Barbie, Sam Holcroft, Celik, Adem, Rather Organizations: Almeida Theater Locations: London

☆ Asia stocks slip, dollar firms on growth concerns, Fed outlook
▼ + stars: | 2023-09-06 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsHONG KONG, Sept 6 (Reuters) - Asia stocks fell on Wednesday after faltering growth in China and Europe heightened concerns about global economic momentum, while the dollar firmed as investors weighed the outlook for Federal Reserve interest rates. MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) dipped 0.45%. "The China decline was bigger than expected," said Redmond Wong, Greater China market strategist at Saxo Markets. Manufacturing data from Germany, Britain and the euro zone also showed declines, while their service sectors fell into contraction. "The Europe data were rather weak.

Persons: Androniki, HSI, Redmond Wong, Wong, Australia's, Christopher Waller, John Milroy, Ord Minnett, Brent, Kane Wu, Edmund Klamann, Sam Holmes Organizations: REUTERS, Federal Reserve, Saxo Markets, Nikkei, U.S, BlackRock Investment Institute, Institute for Supply Management, PMI, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, China, Europe, London, U.S, 0520GMT, Asia Pacific, Greater China, Germany, Britain, BlackRock, ., Saudi Arabia, Russia

☆ Stocks fall, dollar and yields up after US services data
▼ + stars: | 2023-09-06 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Weighing heavily on Wall Street stock indexes, shares of Apple (AAPL.O) fell 3.6% after the Wall Street Journal reported, citing people familiar with the matter, that China had banned officials at central government agencies from using iPhones and other foreign-branded devices for work. Some investors said the data may add to signs that interest rates could remain elevated for longer. The Nasdaq ended more than 1% lower, leading declines on Wall Street. In other data, manufacturing activity in Germany, Britain and the euro zone declined, while their service sectors fell into contraction territory.

Persons: Brendan McDermid, Susan Collins, Jeffrey Roach, Caroline Valetkevitch, Gertrude Chavez, Dreyfuss, Nell Mackenzie, Kane Wu, Edmund Klamann, Sam Holmes, Will Dunham, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, U.S, Apple, Treasury, Wall, Wall Street Journal, Institute for Supply Management, U.S . Federal, Fed Bank of Boston, Nasdaq, . Technology, Dow Jones, LPL, Brent, Thomson Locations: New York City, U.S, China, Germany, Britain, New York, London

In a sign of growing pessimism over China, the government also said its monthly economic report for August that "concern over China's outlook" was among risks to Japan's recovery. "Exports to China had already been weak and headwinds to inbound tourism are clearly bad for Japan's economy," said Toru Suehiro, chief economist at Daiwa Securities. "All in all, it's hard to justify tightening monetary policy any time soon." Firms also promised wage hikes unseen in three decades this year, heightening the case for a retreat from decades of ultra-loose monetary policy. The darkening outlook for Japan's recovery may push back the timing of a BOJ policy shift.

Persons: Marko Djurica, Kazuo Ueda's, Hiroyuki Ogawa, Ogawa, Takeshi Niinami, Toru Suehiro, Ueda, Toyoaki Nakamura, Seisaku Kameda, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Bank of Japan's, Reuters, Japan, Komatsu Ltd, Komatsu, Suntory Holdings, Daiwa Securities, Japan's Sompo Holdings, Thomson Locations: Tokyo, Japan, China, TOKYO, Beijing, United States

That marked the 10th straight season in which at least two Big Ten teams ranked in the top 10 in total defense. The last time the Big Ten had two teams rank in the top 15 in total offense was 2014. Washington ranked second, USC third, UCLA fourth and Oregon sixth nationally in total offense just last season. The arrivals of Harrell and Longo suggest Big Ten teams might start throwing the ball more often. “I definitely think football as a whole has kind of shifted to that spread offense, West Coast offense type of deal from Coach Leach,” Williams said.

Persons: ”, Graham Harrell, “, Luke Fickell, ” Fickell, Ben Scott, CJ Williams, Scott, ” Scott, Harrell doesn’t, ” Harrell, they’ve, Harrell, Mike Leach’s, Phil Longo, Longo’s, Sam Howell, Drake Maye, Longo, P.J, Fleck, Barry Alvarez’s, Tanner, Coach Leach, ” Williams, Eric Olson, Dave Campbell, Michael Marot Organizations: Big, Purdue, USC, Iowa, Ohio State, Washington, UCLA, Oregon, Big Ten, Arizona, Coast, West Coast, Texas Tech, North, Drake Maye . Ohio State, Nebraska, Gophers, Badgers, Buffalo, SMU, West, AP College Football, AP Sports, AP Locations: MADISON, Wis, Southern California, UCLA, Oregon, Washington, , Illinois, Michigan, Minnesota, , Wisconsin, Wisconsin, Indiana, Big Ten . Nebraska, Arizona State, North Carolina, Drake Maye . Ohio, ” Minnesota

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