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☆ Incoming Trump administration positive for Japan
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIncoming Trump administration positive for Japan, but Trump may push for concession from IshibaMichael Green from the United States Studies Centre discusses what a U.S.-Japan alliance will be like under the coming Trump administration and Ishiba administration.

Persons: Incoming Trump, Trump, Ishiba Michael Green Organizations: Incoming, United States Studies Centre Locations: Japan, Ishiba, U.S

☆ Green: Doubtful of the rotation, as recent sell-off has just been an unwind trade
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreen: Doubtful of the rotation, as recent sell-off has just been an unwind tradeMichael Green, Chief Strategist of Simplify Asset Management, discusses the market rotation, earnings, and rate cuts.

Persons: Michael Green Organizations: Management

☆ Trump has preached 'unity' since his assassination attempt, but he could become even more radical in the aftermath
▼ + stars: | 2024-07-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

But while some pundits have argued his speech showed he is more subdued and humble in the wake of last week's failed assassination attempt against him, others aren't so sure he's changed at all. And some political scientists and experts on authoritarianism warn Trump could become even more radical after his near-death experience. We are one nation under God, indivisible, with liberty and justice for all," Trump told the RNC crowd as he briefly read messages promoting unity from a teleprompter. Not everyone is certain Trump will change much in the wake of his assassination attempt — for better or for worse. If the assassination attempt does change Trump, the effects may not be immediately apparent — though they are worth being on the lookout for.

Persons: Donald Trump, week's, Trump, Joe Biden, Elizabeth Bennion, Hulk Hogan, Eric Trump's, haven't, Bennion, Timothy Snyder, Snyder, Ruth Ben, Ghiat, Ben, Recep Tayyip Erdogan, Benito Mussolini's, —, Michael Green, didn't, Green, they've, it's Organizations: Service, Republican National Convention, Business, RNC, Indiana University, GOP, Trump, Yale University, New York University, of Democracy and, Defense, University of Nevada Locations: Indiana University South Bend, Turkey

Israel supporters standing on the opposite side of a walkway from the large pro-Palestinian encampment at the University of California, Los Angeles. “These incidents have put many on our campus, especially our Jewish students, in a state of anxiety and fear.”In a statement, the U.C.L.A. On Sunday, the Israeli American Council, which has denounced pro-Palestinian protests on college campuses as “overtly antisemitic,” hosted a rally at U.C.L.A. On Monday night, another fight broke out between two groups of protesters after about 60 pro-Israel demonstrators attempted to enter the pro-Palestinian encampment. Image Pro-Palestinian protesters have come face to face daily with Israel supporters at the University of California, Los Angeles.

Persons: Israel, Royce, Gene Block, “, ”, Block, ” Mary Osako, megaphones, Mark Abramson, Asher Taxon, ” Mr, Taxon, Kaia Shah Organizations: University of California, Royce Hall, . Palestinian Solidarity, Israeli American Council, Israel, Los Angeles . Credit, The New York Times, U.C.L.A, ” Locations: Los Angeles, Israel, . Palestinian, California, Israeli, U.C.L.A, Atlanta, Orange County, Calif, Gaza

College Democrats of America, the student organization of the Democratic Party, endorsed pro-Palestinian campus protests on Tuesday and called on President Biden to support a permanent cease-fire in Gaza. Overnight from Monday into Tuesday, protesters at Columbia took over a building on campus. “As College Democrats, we are committed to the re-election of President Biden and Democrats across down-ballot races in every corner of our nation,” the statement said. “We’re realizing that our duty as College Democrats is to be representatives of college students to the party, rather than vice versa,” Mr. Muralitharan said. And throughout the nation, we’re witnessing Joe Biden, Democrats across the ballot, losing scores of young voters over this issue.”The statement was written largely by the organization’s Muslim Caucus.

Persons: Biden, ”, “ MAGA, “, Mr, —, Netanyahu, Sunjay Muralitharan, ” Mr, Muralitharan, Joe Biden, Hasan Pyarali, Biden’s, Pyarali, Donald J, Trump, won’t, Joshua Martin, you’re, we’re, Martin, Indiana University —, ’ Organizations: Democrats of America, Democratic Party, College Democrats, Columbia University, Students, Columbia, Protesters, Portland State University and California State Polytechnic University, Humboldt, “ MAGA Republicans, Jewish, “, Democratic National Committee, University of California, Muslim Caucus, Wake Forest University, Mr, College Democrats ’, University of Houston, Hamas, College Democrats of, Yale, New York University, Indiana University Locations: Gaza, United States, Israel, San Diego, Palestine, Biden’s Israel, College Democrats of America

Israel supporters standing on the opposite side of a walkway from the large pro-Palestinian encampment at the University of California, Los Angeles. On Sunday, the Israeli American Council, which has denounced pro-Palestinian protests on college campuses as “overtly antisemitic,” hosted a rally at U.C.L.A. On Monday night, another fight broke out between two groups of protesters after about 60 pro-Israel demonstrators attempted to enter the pro-Palestinian encampment. Image Pro-Palestinian protesters have come face to face daily with Israel supporters at the University of California, Los Angeles. Many Jewish groups say the campus protests have created a climate hostile toward Jewish students.

Persons: Israel, Royce, U.C.L.A, ”, ” Mary Osako, —, Ms, Osako, megaphones, Mark Abramson, Asher Taxon, ” Mr, Taxon, Kaia Shah Organizations: University of California, Royce Hall, University of Southern, University of Texas, Israeli American Council, “ UCLA, Israel, Los Angeles . Credit, The New York Times, U.C.L.A Locations: Los Angeles, University of Southern California, Austin, Israeli, Israel, U.C.L.A, Atlanta, Orange County, Calif, Gaza

☆ Gabriel García Márquez’s Last Book Is an Unsatisfying Goodbye
▼ + stars: | 2024-03-10 | by ( Michael Greenberg | ) www.nytimes.com time to read: +2 min

UNTIL AUGUST, by Gabriel García Márquez. Billed as a “rediscovered” novel, “Until August” is likely to be the last published book of fiction by the Colombian master and Nobel laureate Gabriel García Márquez. Reading it may provoke unhealthy levels of frustration in those familiar with García Márquez’s most indelible creations. Readers’ inevitable disappointment with “Until August” may be directed partly at García Márquez’s two sons and literary executors, who permitted its publication even though their father had made his wishes clear. And to his sons he said: “Memory is at once my source material and my tool.

Persons: Gabriel García Márquez, Anne McLean, “, ”, Solitude Locations: Colombian, Italy, “

☆ This market rally is taking out funds that hedged against recent investor fears
▼ + stars: | 2024-03-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The Simplify Tail Risk ETF , which trades under the cheeky ticker "CYA," is headed for liquidation later this month after a brutal money-losing stretch. CYA 1Y mountain Simplify's Tail Risk ETF has been beaten down by the market rally. "Tail protection, which was heavily desired in 2020, has no bids right now. And that way if you're losing money on it, and it's a tail risk ETF where you're buying a put [option], then you understand why that's happening," Armour said. "A tail risk ETF is going to go potentially over a decade without working, and that's okay.

Persons: Michael Green, Green, subpar, Bryan Armour, Armour, CYA, Philip Toews, Vix, Toews Organizations: CNBC, Fidelity, North, Asset Management Locations: North America

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ New FAFSA 'loophole' lets grandparents help pay for college without affecting financial aid eligibility
▼ + stars: | 2024-02-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Under the old FAFSA rules, assets held in grandparent-owned 529 college savings plans were not reported on the form, but distributions from those accounts counted as untaxed student income. Still, the idea of a loophole is not entirely new, according to Kalman Chany, a financial aid consultant and author of The Princeton Review's "Paying for College." "There were always planning strategies that families could use when it came to third-party 529 plans," Chany said. "Even with this change, you still need to look before you leap if grandparents are going to help pay for college," Chany said. The other advantages of 529 plans

Persons: Mark Kantrowitz, Michael Green, Green, Kalman Chany, Chany Organizations: IRS, slims, Apollon Wealth Management, Princeton Locations: Charleston , North Carolina

☆ Japan's Message for Donald Trump: Don't Cut a Deal With China
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +8 min

Trump, who reached a trade agreement with Beijing in 2019 that later expired, has not mentioned any potential deal with China during his campaign for the 2024 nomination. Two Japanese foreign ministry officials said they fear that Trump may be prepared to weaken U.S. support for nearby Taiwan in pursuit of a deal with China. A Trump aide told Reuters that no recent meetings have taken place between Trump and Japanese officials. "If he is going to cut a deal with China, Japan needs to try and get ahead of the curve and understand its potential role to support its interests in both the U.S. and in China," said Machida. Robert O'Brien, Trump's former national security adviser, also has connections with Japanese officials, two of the sources said.

Persons: John Geddie, Tim Kelly, Yoshifumi, America's, Donald Trump, Fumio Kishida, Joe Biden's, Trump, Xi, Kim Jong Un, they're, Ado Machida, Machida, Shinzo Abe, Aso, Japan's, Shigeo Yamada, Mike Pence, Jim Mattis, Mike Pompeo, Michael Green, Bill Hagerty, Yamada, Hagerty, Robert O'Brien, Trump's, O'Brien, Shigeru Kitamura, Biden, Tsuneo Watanabe, John Bolton, Watanabe, Yukiko Toyoda, Kaori Kaneko, Sakura Murakami, David Brunnstrom, Tim Reid, Ben Blanchard, Laurie Chen, Liz Lee, David Crawshaw Organizations: Trump, Republican, Group, North, Reuters, Fox News, U.S, Steel, Japan's Nippon Steel, U.S ., Liberal Democratic Party, . Studies, University of Sydney, Japan's U.S, Taiwan, Peace Foundation Locations: TOKYO, Japan, Asia, China, Beijing, Tokyo, Iowa, New Hampshire, U.S, Taiwan, Washington, Trump, Taipei

☆ Who Will Have the Biggest Grammy Night?
▼ + stars: | 2024-01-31 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

The 66th annual Grammy Awards on Sunday are poised to be a celebration of a dominant year for women in pop music, with female stars like SZA, Taylor Swift, Olivia Rodrigo and Billie Eilish facing off in the major categories. Swift and SZA each have the potential for landmark wins. For an award show that in the past has been criticized for its treatment of female stars, its lineup alone is being interpreted as a sign of progress. But the show this year is taking place in the shadow of lawsuits against two former Grammy leaders, accusing each of sexual assault. Industry politics, vote-splitting and a shifting membership have the potential, as always, to scramble outcomes, despite expectations about who may win or lose.

Persons: SZA, Taylor Swift, Olivia Rodrigo, Billie Eilish, ”, Victoria Monét, Swift, Rodrigo, Eilish, Miley Cyrus, Neil Portnow, Michael Greene Organizations: Recording Academy, Industry

☆ Sharon Stone wants 2024 to be her year of love
▼ + stars: | 2024-01-26 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

CNN —Sharon Stone is opening up about her dating life – and 2024 could be a good year for it. But that may very well happen,” the Golden Globe-winning actress told The Times of London in an interview published Friday. “I went on the @bumble dating sight (sic) and they closed my account,” she wrote in a Twitter post. Don’t shut me out of the hive.”In 1984, Stone married producer Michael Greenburg, but the pair split three years later. In a 2018 interview with Grazia magazine, Stone said she has high expectations of the men in her life.

Persons: Sharon Stone, –, I’d, It’s, Stone, Danny Moloshok, Reuters Stone, ”, who’s, “, Michael Greenburg, Phil Bronstein, Grazia Organizations: CNN, Globe, Times, Reuters Locations: London

☆ ‘We’re All Climate Economists Now’
▼ + stars: | 2024-01-23 | by ( Lydia Depillis | More About Lydia Depillis | ) www.nytimes.com time to read: +2 min

There were papers on the local economic impact of wind turbine manufacturing, the stability of electricity grids as they absorb more renewable energy, the effect of electric vehicles on housing choices, how wildfire smoke strains household finances. Janet Currie, the incoming president of the American Economic Association, chose an environmental economist, Michael Greenstone of the University of Chicago, to deliver the conference’s keynote lecture. He focused on the global challenge of shifting to renewable energy and the corresponding potential to alleviate air pollution that is particularly deadly in developing countries like India and Indonesia. “This isn’t just a series of topics, but it’s a big, interrelated problem,” Dr. Currie said. “Not only economists but everybody else is realizing that this is a first-order problem, and it’s affecting most people in some way.

Persons: Monika Piazzesi, Janet Currie, Michael Greenstone, Dr, Currie, “ Organizations: American Finance Association, American Economic Association, University of Chicago Locations: Venice, India, Indonesia

☆ Climate Protesters Get in Fed’s Face as Policy Clash Grows Louder
▼ + stars: | 2023-12-01 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

A protest that disrupted a speech by Jerome H. Powell, the Fed chair, at the Economic Club of New York this fall generated extensive coverage. All three upheavals were caused by the same group, Climate Defiance, which a now-30-year-old activist named Michael Greenberg founded in the spring. Mr. Greenberg had long worked in traditional climate advocacy, but he decided that something louder was needed to spur change at institutions like the Fed. “I realized there was a big need for disruptive direct action,” he explained in an interview. “It just gets so, so, so, so, so much more attention.”

Persons: Jerome H, Powell, Michael Greenberg, Greenberg, “, ” Organizations: Federal, Economic, of New, International Monetary Fund Locations: Jackson, Lodge, Wyoming, of New York

Rates futures markets are showing cuts being priced as early as May 2024, according to LSEG data. The prospects for rate cuts received a boost on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Deutsche Bank economists on Monday projected 175 basis points in Fed rate cuts in 2024, but said that those cuts would come with a mild recession in the first half of next year. “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year,” they wrote in a Wednesday report. Others said investors may be overestimating how quickly the Fed might react to signs of slowing inflation.

Persons: Carlo Allegri, Jack Ablin, ” Ablin, Christopher Waller, ”, Jake Schurmeier, Schurmeier, Thomas Barkin, Charlie McElligott, Michael Green, David Randall, Lewis Krauskopf, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: REUTERS, Federal Reserve, Treasury, Cresset, Gross, Harbor, Reuters, Richmond Fed, Nomura Securities, Deutsche Bank, JPMorgan, Management, Thomson Locations: Manhattan, New York City , New York, U.S, stoke, Carolina, New York

LAS VEGAS (AP) — The famous fountains at the Bellagio won't be very visible this week amid the roar of Formula One racing on the Las Vegas Strip, and gondoliers won't be serenading tourists at the Venetian resort. They hope Las Vegas will join Monaco on the leader board of host cities for Grand Prix events around the world. Green remembered Las Vegas Boulevard casino-hotels including the Dunes, Barbary Coast, Frontier, Silver Slipper, Sands, Desert Inn and Stardust. Huge properties new to the resort corridor include Resorts World, which opened in 2021, and Fontainebleu Las Vegas, due to open next month. “I think what what is happening is Las Vegas is becoming the epicenter of the 'fun economy,'” Feldman said.

Persons: Michael Green, ”, Green, “, They’re, Joshua Guray, Charles Flexer, Clark, Jim Gibson, Gibson, it’s, ” Vanessa Anthes, Andrew Walsh, Walsh, Wynn, Evel Knievel, Alan Feldman, Bo Bernhard, ” Bernhard, ” Feldman, Ty O'Neil Organizations: LAS VEGAS, Bellagio, Las, gondoliers, University of Nevada, ”, Vegas, Monaco, Grand Prix, MGM Resorts International, selfies, Las Vegas, One Las Vegas, Police, NHL Vegas Golden Knights, WNBA Las Vegas Aces, NASCAR, Vegas Motor, NFL, Allegiant, Hollywood, Cosmopolitan, International, Seminole Tribe, Caesars, Villa, Caesars Palace, International Gaming Institute, UNLV, Tourism Council Locations: Las Vegas, Long Beach , California, Williamsport , Pennsylvania, Clark County, ” Clark, Vegas, Harrah’s, Flamingo, Horseshoe, Paris Las Vegas, Florida, Barbary Coast, Sands, Los Angeles

☆ Moody's changes US ratings outlook to negative, affirms AAA
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +7 min

REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNov 10 (Reuters) - Moody's on Friday changed the outlook on the government of United States of America's ratings to "negative" from "stable". Moody's affirmed the long-term issuer and senior unsecured ratings at "Aaa". COMMENTS:REPUBLICAN REPRESENTATIVE ANDY HARRIS, ON X SOCIAL MEDIA“Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits. "I don't think that there is a significant consequence. WALLY ADEYEMO, DEPUTY SECRETARY OF THE TREASURY"While the statement by Moody’s maintains the United States’ Aaa rating, we disagree with the shift to a negative outlook.

Persons: Shannon Stapleton, Moody's, ANDY HARRIS, JOHN CORNYN, ” STEVEN RICCHIUTO, you've, ” THIERRY WIZMAN, MACQUARIE, “ Moody’s, ” MICHAEL GREEN, JACK ABLIN, CHICAGO “, it's, ”, ” QUINCY KROSBY, CAROL SCHLEIF, We've, CHRISTOPHER HODGE, KARINE JEAN, PIERRE, Moody’s, WALLY ADEYEMO, Biden Organizations: REUTERS, Aaa, Moody’s Investors Service, Capitol, FX, NEW, Republicans, Democrats, BMO, KARINE, Republican, Congressional Republicans, States ’ Aaa, Biden Administration, Global Finance, Markets, Thomson Locations: New York City, U.S, United States, MIZUHO, Japan, CHICAGO, CHARLOTTE, NORTH CAROLINA, MINNEAPOLIS , MN, American

☆ Swedish architects are building skyscrapers out of wood laminates glued together. The material is shockingly sturdy.
▼ + stars: | 2023-11-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

In Sweden, architects are attempting to journey back to the days before concrete, bricks, and steel, and building impressive towers made with timber, The Washington Post reported. The architects told the Post that, at least in the heavily forested areas of Sweden, wood-based architecture is the future of sustainable building for several reasons. The building material's emissions have grown faster than most other single sources of carbon dioxide thanks to their increased demand and production, Inside Climate News reported. In places like West Africa , architects like Diébédo Francis Kéré are turning back to traditional building materials like soil, stone, and vegetation as sustainable building materials . "The built environment — as it is built now — is not sustainable," Michael Green, the author of "The Case for Tall Wood Buildings," told the Post.

Persons: —, Robert Schmitz, Therese Kreisel, Sara, JONATHAN NACKSTRAND, White Arkitekter, Sara center's, Diébédo Francis Kéré, Michael Green Organizations: Service, Washington Post, Post, Sara Cultural Center, Getty, Sweden doesn't, Climate, University of Rochester, World Steel Association Locations: Sweden, Skelleftea, AFP, Stockholm, Europe, Asia, West Africa

☆ VIEW Canada's annual inflation cools in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +4 min

TORONTO, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. "It's pretty clear that (the central bank) won't be raising rates in my opinion in October. I think if we had gotten another inflation print like August in September - that was the big risk to have another hike. DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK"I think on a trend basis, the Bank of Canada is behind the inflation wage cycles.

Persons: CLAIRE FAN, MICHAEL GREENBERG, FRANKLIN TEMPLETON, JULES BOUDREAU, MACKENZIE, There's, They'll, DEREK HOLT, Divya Rajagopal, Steve Scherer, Fergal Smith, Denny Thomas Organizations: TORONTO, Statistics, ROYAL BANK, CANADA, Bank of Canada, Business Outlook Survey, ECONOMICS, SCOTIABANK, Thomson Locations: Statistics Canada

The jobless rate stayed at 5.5% for a third consecutive month, Statistics Canada said. Wage growth is also beating market expectations," said Michael Greenberg, a portfolio manager for Franklin Templeton Investment Solutions. "Despite the aggressive rate hikes by the Bank of Canada, clearly demand remains strong and companies continue to hire. Money markets increased bets for a rate increase later this month after the jobs figures were published. With September's robust gains, the economy is averaging 30,000 monthly employment growth this year, up from 25,000 a month earlier.

Persons: Carlos Osorio, Michael Greenberg, Greenberg, Derek Holt, Holt, haven't, they've, we're, Statscan, Ismail Shakil, Nivedita Balu, Steve Scherer, Fergal Smith, Dale Smith, Mark Porter Organizations: Queen, West, REUTERS, Rights OTTAWA, Statistics, Reuters, Franklin Templeton Investment Solutions, Bank of Canada, Scotiabank, Thomson Locations: Toronto Ontario, Canada, Statistics Canada, U.S, Ottawa

☆ U.S. stocks close lower as investors take cover ahead of Fed decision
▼ + stars: | 2023-09-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three indexes ended the session lower in a broad sell-off ahead of the Fed's interest rate announcement on Wednesday, which is expected to culminate in a decision to leave key interest rates unchanged. The Fed is also due to release its Summary Economic Projections, including its dot plot, which should provide a glimpse into the Federal Open Markets Committee's forecast trajectory of interest rates, inflation and economic growth. On the economic front, a jump in Canada's annual inflation rate due to rising gasoline prices, and a bigger-than-expected plunge in U.S. housing starts helped feed investor uncertainty. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. Starbucks (SBUX.O) lost ground following TD Cowen's decision to downgrade the coffee chain's shares to "underperform."

Persons: Bill Northey, Helena Montana, Northey, Michael Green, Brendan McDermid, Walt Disney, Stephen Culp, Ankika Biswas, Shristi, Aurora Ellis Organizations: Disney, Dow, Nasdaq, U.S . Federal Reserve, Federal Reserve, U.S, Bank Wealth Management, Federal, Management, Fed, Maplebear Inc, chipmaker, Holdings, New York Stock Exchange, REUTERS, Arm Holdings, Dow Jones, Starbucks, General Motors, Ford Motor, United Auto Workers, NYSE, Thomson Locations: Helena, Philadelphia, New York City, U.S, Bengaluru

☆ Market reactions to Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +8 min

"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said. "August has been a difficult month for the market, so it is hungry for news that will help reverse the trend. Investors are hanging on to every word, but the main takeaway is that Powell signaled that the Fed would raise rates if needed. Rather than last year's short but brutal speech, Powell opted for a longer and calmer speech. KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CORPAY, TORONTO"On balance, this is a modestly less hawkish speech than markets had feared.

Persons: Jerome Powell, Powell, CHRISTOPHER HODGE, MICHAEL GREEN, ANDRE BAKHOS, CARSTEN BRZESKI, Ann Saphir, Christine, Lagarde, ” JOSEPH LAVORGNA, “, ” STUART COLE, ” QUINCY KROSBY, there's, DAVID WAGNER, Jackson, BRIAN JACOBSEN, patting, KARL SCHAMOTTA, Bernanke, Draghi Organizations: U.S . Federal, Federal, NFP, Fed, ING, Kansas City, REUTERS, CHIEF, CPI, Global Finance, Markets, Thomson Locations: U.S, JERSEY, FRANKFURT, Kansas, Jackson Hole , Wyoming, NIKKO, LONDON, CHARLOTTE, NORTH CAROLINA, CINCINNATI , OHIO, WISCONSIN, TORONTO

☆ Triller has pitched its app as a TikTok replacement, but says it won't try to generate revenue directly from its namesake product
▼ + stars: | 2023-08-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Triller said it won't try to generate revenue directly in the short-video app it was named after. The company does not perceive the Triller app as core to how it makes money, Green told Insider. Triller will therefore book costs tied to the Triller app as sales, marketing, general, or administrative expenses rather than as a cost of revenue, it wrote in its securities filing. These costs could include paying talent and influencers to drive adoption of the Triller app, or paying to license music for the app as a brand-building tool, it wrote. In 2022, Triller said it grew overall revenue by roughly 80% year over year to $47.7 million.

Persons: Triller, Julius, Michael Green, Trump, Trump's TikTok, Mahi de Silva, isn't, we're, I'm, it's, Green, FITE Organizations: Tech, New York Stock Exchange Locations: Beijing

☆ Morning Bid: Over to you, Bank of Japan
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, July 28 (Reuters) - A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Could this be a landmark day for the Bank of Japan? The news was "the biggest driver of today's performance," according to Michael Green, portfolio manager and chief investment strategist at Simplify Asset Management. Reuters GraphicsEarlier in the day, U.S. stocks were buoyed and fears of a global economic slowdown were abated by upbeat earnings reports and a raft of better-than-expected U.S. economic data. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Stephen Culp, it's, Michael Green, Jerome Powell's, Marguerita Choy Organizations: YORK, Bank of, Bank of Japan, Nikkei, Dow Jones Industrial, Management, U.S . Federal Reserve, European Central Bank, U.S . Commerce, Federal, Commerce Department, Tokyo CPI, PPI, Carolina, Thomson, Reuters Locations: Bank of Japan, U.S, Japan, Tokyo, Australia, Korea

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