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TOKYO (AP) — Asian shares mostly fell Wednesday although a strong report on U.S. consumer confidence and hopes the Federal Reserve is finished with its aggressive interest rate hikes sent shares higher on Wall Street. Food delivery company Meituan's Hong Kong-traded shares dropped 11% after it forecast its revenue will fall in the current quarter. The loosening grip from inflation and a resilient economy have raised hopes that the Fed might finally be finished with raising its benchmark interest rate. Hopes that the Fed will keep its benchmark interest rate steady were reaffirmed Tuesday by Christopher Waller, a member of the Fed’s Board of Governors. The Fed will meet again in December to update its interest rate policy.

Persons: Australia's, Hang Seng, Matthew Weller, Forex.com, Brent, Tesla, Christopher Waller, “, ” Waller, Damian J, Troise, Alex Veiga Organizations: TOKYO, Reserve, Nikkei, China Evergrande, Benchmark, New York Mercantile Exchange, Dow Jones, Nasdaq, Microsoft, GE Healthcare Technologies, Treasury, Federal Reserve, Fed’s, Governors, American Enterprise Institute, U.S ., AP Business Locations: Hong, Shanghai, Hong Kong, China, OPEC, Washington

TOKYO (AP) — Asian shares were trading mixed Tuesday as investors looked ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market. In currency trading, the U.S. dollar rose to 150.16 Japanese yen from 149.04 yen. On Wall Street, the S&P 500 rose 49.45 points, or 1.2%, to close at 4,166.82 on Monday. Because it’s the most valuable stock on Wall Street, it is also the most influential stock on the S&P 500. Big Tech soared much more than the rest of the market early this year, which helped to lift the S&P 500 but also meant big expectations for continued growth.

Persons: Australia's, Korea's Kospi, Brent, Stan Choe, Damian J, Troise Organizations: TOKYO, Nikkei, Bank, Bank of Japan, U.S . Federal Reserve, U.S, Dow Jones, Nasdaq, Apple, Big Tech, Treasury, Fed, Workers, U.S ., CVS Health, Pfizer, Starbucks, Traders, Benchmark Locations: Hong, Shanghai, Japan’s, Israel, Iran

Crude oil prices pushed higher, adding to inflationary pressures at a time when investors are hoping to see central banks back away from interest rate hikes. Energy stocks rose along with crude oil prices after Saudi Arabia and Russia said they will extend their voluntary production cut of 1 million barrels of oil a day through the end of the year. Much of the information fueled hopes that the Fed might moderate interest rate increases to fight inflation, which has been easing for months. Wall Street expects the Fed to hold its benchmark interest rate steady at its next meeting later in September, just as it did at its previous meeting. The central bank has raised its main interest rate aggressively since 2022 to the highest level since 2001.

Persons: ” Stephen Innes, Russell, Cintas, Brent, Kroger, Alex Veiga, Damian J, Troise Organizations: Japan’s Nikkei, Management, Labor, Dow Jones, Nasdaq, New York Stock Exchange, Merck, Co, JPMorgan Chase, Microsoft, Energy, Chevron, New York Mercantile Exchange, Institute for Supply Management, GameStop, Dave, AP Business Locations: Asia, U.S, Seoul, Australia, Shanghai, Saudi Arabia, Russia

☆ Only 1% of US wineries are Black-owned. These entrepreneurs want to change that
▼ + stars: | 2023-06-19 | by ( Jeremy Harlan | ) edition.cnn.com time to read: +8 min

It’s a problem that the guests at the Black on Black dinner, and many others, hope to change. “What we’re trying to do is change what leadership looks like and bring more people into the wine industry. Ikimi Dubose-Woodson leads The Roots Fund, a non-profit working to create opportunities for minorities to have successful careers in the wine industry. “The amount of money and wealth that’s generated in the wine and spirits industry is never talked about,” said Burston. Connection and communicationA lack of communication between the predominantly White-owned wine industry and minority communities has also slowed diversity efforts, several dinner guests agreed.

Persons: Channing Frye, CJ McCollum, Carmelo Anthony, Chris Paul, Dwyane Wade, Damian Jones, Marcus Samuelsson, “, Alicia Towns Franken, ” Franken, Franken, Jeremy Harlan, CNN Franken, George Floyd, Breonna Taylor, ”, Ikimi Dubose, Woodson, “ It’s, ” Dubose, Donae Burston, Burston, I’m, Dubose, Nathan Lefebvre, Frye, Jay, we’ve, ’, ” Frye, Amir Shafii, you’re Organizations: Aspen, Colorado CNN, NBA, Wine Co, Association of African, CNN, Wine, Roots Fund, Fund, Blacks, La, Cleveland Cavaliers Locations: Colorado, Caribbean, Chicago, Aspen , Colorado, Holstein

☆ NBA roundup: Kyrie Irving leads Dallas to win in Mavs' debut
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +7 min

He added 11 assists and 10 rebounds. LaMelo Ball collected 16 points and six rebounds and Gordon Hayward added 15 points for the Hornets, who have lost five in a row. Fox (31 points, 11 assists) scored the final seven points for the Kings, who trailed 128-123 with 1:17 left. Martin added 15 points -- all in the first half -- and Jae'Sean Tate added 16 for the Rockets, who committed 13 of their 19 turnovers in the second half. Bojan Bogdanovic, Detroit's most prominent trade chip ahead of Thursday's deadline, led the Pistons with 15 points.

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