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☆ Loyal dog helped solve owner's grisly murder as cousin jailed for life
▼ + stars: | 2024-11-12 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

A loyal dog that refused to leave his dead owner's side helped solve the case of her murder by allowing detectives to identify her body, prosecutors said. Mandy Rose Reynolds, 26, was shot before her body was “burned beyond recognition” in a field fire in Robinson, Texas. Prosecutors Ryan Calvert and Alyssa Killin and Investigator Keith Kunz along with Mandy Reynolds' dog, Titan. A search of Reynolds' car in Wichita led police to find a .380 handgun in the driver’s seat floorboard. Video also showed him leaving the store in Reynolds’ car and Titan sticking his head out the car window.

Persons: Mandy Rose Reynolds, Derek Daigneault, Reynolds, Ryan Calvert, Alyssa Killin, Keith Kunz, Mandy Reynolds, Mandy, Robinson, Daigneault, “ Organizations: Attorney’s, Titan . Police, Control, Robinson Police, San Marcos Police, Honda Accord, The Wichita Police Department, Walmart, Texas Department of Public Safety, Laboratory Locations: Robinson , Texas, McLennan, Wichita , Kansas, McLennan County, San Marcos , Texas, Wichita, Robinson, San Marcos Texas

☆ UK's Rightmove rejects sweetened $8.3 billion bid from Murdoch's REA Group
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. British real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch's Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company. That gave Rightmove an implied value of 781 pence per share, about a 3% increase over the previous bid. Rightmove said that during the discussions, REA had requested to extend the deadline to allow it to consider a potential fifth proposal. The U.K. company looks primed for a steady recovery from a property market downturn as the potential for more rate cuts boosts sentiment in the U.K. housing sector.

Persons: Rupert Murdoch, Rupert Murdoch's, REA, Rightmove, Andrew Fisher, Hamish McLennan, Rightmove's Organizations: REA Group, Murdoch's News Corp, REA, OnTheMarket Locations: Reno , Nevada, U.S, British, U.K

☆ It will take more than just a drop in interest rates to save the housing market
▼ + stars: | 2024-09-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.

Persons: they’d, aren’t, ’, ”, Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying

☆ Opinion: Americans don’t have enough in the bank to weather unrelenting disasters
▼ + stars: | 2024-07-28 | by ( Opinion Daniel Kaniewski | ) edition.cnn.com time to read: +12 min

Even though floods have impacted 99% of US counties over the past 28 years, only 4% of homeowners have flood insurance. For those without flood insurance, FEMA provided $4,400 on average. Individuals and communities both have roles to play in building financial resilience to disasters. These Community Disaster Resilience Zones qualify for reduced local costs and additional technical assistance. Improving financial literacy is fundamental for making sound financial disaster preparedness decisions.

Persons: Daniel Kaniewski, Marsh McLennan, Beryl, Hurricane Harvey, Scott Olson, Daniel Kaniewski Marsh McLennan, Harvey, Hurricane Beryl, Greenlee Beal, Money, Nic Coury Organizations: Federal Emergency Management Agency, FEMA, CNN, Homes, US Chamber of Commerce, Allstate, Reuters, Stock, Wilder, National Flood Insurance Locations: Texas, Sugar Land , Texas, Alabama, Galveston , Texas, Florida, Virginia, Wilder Ranch, Santa Cruz , California, AFP, New York City

☆ These kinds of businesses are driving a surge in US corporate bankruptcies
▼ + stars: | 2024-07-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

In the meantime, you can stay up to date on the latest business news with CNN’s Business Nightcap newsletter. Access to credit is especially crucial for small, private businesses that aren’t able raise money through financial markets. “There were a number of programs out there to support small businesses during the depths of the pandemic, and there were relatively fewer filings than usual in 2021 and 2022.”Rising corporate bankruptcies could just reflect a lot of churn occurring in Corporate America, Jamner said. Don’t panicMost banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance, reports my colleague Jeanne Sahadi. Marianne Lake, the head of Chase Bank, told the Wall Street Journal last week that Chase might stop offering free checking and other free banking services.

Persons: It’s, ” “, Matt Rowe, Josh Jamner, Jamner, we’re, Reena Aggarwal, “, ”, Banks, Jeanne Sahadi, Marianne Lake, Chase, Jaret, Read, Goldman Sachs, Jerome Powell, Mary Daly, Morgan Stanley, Charles Schwab, Adriana Kugler, Johnson, Kinder Morgan, Tom Barkin, Lorie Logan, Michelle Bowman, John Williams, Raphael Bostic Organizations: CNN’s Business, Washington CNN —, P Global Market Intelligence, CNN, Federal Reserve Bank of Kansas, Nomura Capital Management, Consumer, Institute for Supply, P, ClearBridge Investments, ”, Corporate America, Federal, Fed, Georgetown University Psaros Center, Financial Markets, Chase Bank, Wall, TD Securities, BlackRock, San Francisco Fed, Bank of America, PNC, State, US Commerce Department, US Labor Department, National Association of Home Builders, Johnson, US Bancorp, Discover, Vegas Sands, Northern Trust, Citizens, United Airlines, National Statistics, Federal Reserve, Richmond Fed, Netflix, Novartis, Abbott Laboratories, Marsh, Blackstone, Infosys, Cintas, T Bank, Nokia, American Airlines, European Central Bank, American Express, Fifth Third Bancorp, AutoNation Locations: Federal Reserve Bank of Kansas City, Corporate, UnitedHealth, Wells Fargo, Vegas, Equifax, Northern, McLennan, Schlumberger, Haliburton

☆ Here are 5 key things we're watching closely in the stock market this week
▼ + stars: | 2024-07-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Three of our Club rate plays — solar panel company Nextracker , Stanley Black & Decker , and Ford — were our top-performing stocks for the week. Friday also ushered in the start of the second quarter earnings season. Earnings Club name Morgan Stanley reports second-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Nextracker, Stanley Black, Decker, Ford —, Wells Fargo, Morgan Stanley, Abbott, Goldman Sachs, Charles Schwab, JB Hunt, Johnson, Ally, Kinder Morgan, Horton, Huntington, Jim Cramer's, Jim Cramer, Jim, Ted Pick, Adam Galici Organizations: Dow Jones, Nasdaq, Big Tech, PPI, Abbott Laboratories, Libre Rio, Bank of America, PNC Financial, PNC, Pinnacle Financial, Housing, U.S . Bancorp, Northern Trust Corporation, Citizens, United Airlines, Alcoa, Steel Dynamics, Green Realty, Taiwan Semiconductor, Nokia, Infosys Technologies, McLennan Companies, T Bank Corp, Forestar, Novartis, Textron, Netflix, PPG Industries, AAR, American Express, Fifth Third Bancorp, Halliburton, HAL, Comerica, CMA, Financial, Jim Cramer's Charitable, CNBC Locations: Wells, BlackRock, BLK, U.S, Marsh, Davos, Switzerland

☆ Marsh McLennan Asia CEO discusses how clients are adjusting supply chains to new tariffs
▼ + stars: | 2024-06-26 | 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 EmailMarsh McLennan Asia CEO discusses how clients are adjusting supply chains to new tariffsDavid Jacob, CEO of the professional services firm, says the U.S.' use of tariffs as part of its trade policy arsenal is "part of the permacrisis that we live in."

Persons: Marsh, David Jacob Organizations: U.S

Soaking storms will shift east on Friday and target more of the Gulf Coast after rumbling to life Thursday afternoon in parts of Texas. Floods deluge roads: Several roads closing in northern and eastern Bosque County, Texas due to water over crossings or bridges. More than a dozen school districts closed: The Houston Independent School District has announced campuses will be closed on Friday and will reopen next week. Schools will reopen on Monday, May 20,” the school district said in a message on Facebook. A handful of Houston-area school districts announced they would close Friday as well, including Aldine Independent School District, Channelview Independent School District and Cypress-Fairbanks Independent School District.

Persons: Mary Benton, Samuel Peña, Houston Mayor John Whitmire, Houstonians, Seth Waller, Bell County . Organizations: CNN, Houston Fire Department, Texas -, Florida Panhandle, National Weather Service, Hyatt, CenterPoint Energy, Houston Mayor, Houston, College Station, Houston Independent School, HISD, City of, Facebook, Aldine Independent School District, Channelview Independent School District, Fairbanks Independent School District Locations: Texas, Louisiana, Houston, Gulf, Mississippi, Alabama, Texas - Louisiana, Georgia, Florida, New Orleans, Baton Rouge and New Orleans, Hyatt Regency, Bryan, College, Bosque County , Texas, Bell County, Bell County . McLennan, Falls, City of Houston, Cypress

☆ Marsh McLennan's Reid Sawyer breaks down the shipping risks from the middle east tensions
▼ + stars: | 2024-04-16 | 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 EmailMarsh McLennan's Reid Sawyer breaks down the shipping risks from the middle east tensionsReid Sawyer, Marsh McLennan head of the emerging risks group, joins 'Power Lunch' to discuss the insurance risk coming from the tension in the middle east.

Persons: Marsh McLennan's Reid Sawyer, Reid Sawyer, Marsh McLennan

☆ 3 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-04-13 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.

Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada

☆ Take some profits and buy cyclical names if March CPI only matches expectations, investors say
▼ + stars: | 2024-04-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Conversely, Kilburg is adding to positions that have lagged the market, such as industrial and health-care stocks. "Those are three names that I believe are blue chip, essential names to the U.S. economy," he said. UnitedHealth and other health-care stocks are also trading at a discount, Kilburg said, citing Johnson & Johnson as a potential winner. Buy cyclical names Bailey, formerly a health-care analyst at Legg Mason and Stifel Financial before joining FBB in 2015, expects a hotter-than-forecast inflation report on Wednesday would take stocks lower. The Johns Hopkins MBA also sees the larger, diversified banks as attractive in a climate of higher inflation and interest rates.

Persons: Jeff Kilburg, Kilburg, Mike Bailey, Bailey, payrolls, Lockheed Martin, Johnson, Legg Mason, Berkshire Hathaway, Johns Hopkins, UnitedHealth Organizations: KKM, FBB Capital Partners, Meta, Nvidia, Lockheed, Stifel, FBB, Treasury, Berkshire, Union Pacific, Old Dominion Freight Locations: U.S, McLennan, Progressive, Chevron

☆ Instead of chasing Nvidia, investor buys these misunderstood, cheap growth stocks for big returns
▼ + stars: | 2024-02-28 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

In a market bedazzled by flashy growth stocks, Torray Investment Partners instead runs a fund that's trying to redefine what value is. The Torray Fund , founded by the late Robert Torray in 1990, is ahead 7.4% so far this year, outpacing the 6.5% gain in the S & P 500. Apart from the Torray Fund, the firm manages four other concentrated portfolios that also hold between 20 and 30 companies. These portfolios are separately managed accounts of either concentrated large growth companies, small- and mid-capitalization growth names, large value companies and equity income. Compared to other large value funds, Torray is overweight in all three.

Persons: iShares Russell, Jeffrey Lent, Robert Torray, Berkshire Hathaway, Morningstar, Lent, Shawn Hendon, Eaton, McLennan, Hendon, Torray, it's Organizations: Torray Investment Partners, Value, Torray, Russell, Berkshire, American Express, Marsh, Financial, Morningstar, Applied Materials, Qualcomm, Nvidia Locations: Eaton, Berkshire

☆ Marsh McLennan Asia CEO shares how they advise clients on managing red sea risks
▼ + stars: | 2024-02-07 | 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 EmailMarsh McLennan Asia CEO shares how they advise clients on managing red sea risksDavid Jacob, CEO of Marsh McLennan Asia says clients are heavily focused on protection of physical assets and financial assets as risks around Red Sea rise.

Persons: Marsh, David Jacob, Marsh McLennan Organizations: Asia, Marsh McLennan Asia Locations: Red

☆ Insurers shun many ships carrying goods through the Red Sea as attacks continue
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

The crisis in the Red Sea threatens to damage the economy by increasing prices on consumers and delaying the shipment of goods. A Houthi official vowed on Wednesday that attacks on “Israeli-linked” vessels in the Red Sea as well as the Arabian Sea will continue. Ikea also does not foresee any product shortages from the Red Sea problems. “Shippers are now much better at using alternative ways of moving their goods around the world,” Zandi said. “We have not seen the situation in the Red Sea translate into material movements in prices in the US such as consumer goods and gasoline prices,” Schwartz said.

Persons: ”, Marcus Baker, Marsh McLennan, Baker, Vicent Clerc, ” Clerc, CNN’s Richard Quest, Mark Zandi, Zandi, Kristalina Georgieva, Quest, ” Zandi, Stephen Schwartz, ” Schwartz Organizations: CNN, US, US Central Command, Maersk, International Monetary Fund, Oxford University . Shipping, P, Moody’s, Global, IMF, Economic, Wednesday, Ikea, Wells, Wells Fargo Global Receivables, Trade Finance Locations: Israel, Marsh, Suez, Africa, China, Davos, Switzerland, “, Asia, Europe, Germany, Wells Fargo, Iran

☆ Election disruption from AI poses the biggest global risk in 2024, Davos survey warns
▼ + stars: | 2024-01-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The World Economic Forum's "Global Risks Report 2024," released Wednesday, ranked AI-derived misinformation and disinformation — and its implications for societal polarization — ahead of climate change, war and economic weakness in its top 10 risks over the next two years. "How that is going to play out is going to be quite important for us to watch," she added. watch nowThe WEF report, which was also produced in collaboration with Zurich Insurance Group, surveyed over 1,400 global risk experts, policymakers and industry leaders in September 2023 about their biggest global concerns. Top 10 global risksThe most cited risks for the next two years were, in order: misinformation and disinformation, extreme weather events, societal polarization, cyber insecurity and interstate armed conflict. Also in the top 10 were lack of economic opportunity, inflation, involuntary migration, economic downturn and pollution.

Persons: Alfieri, Carolina Klint, Marsh McLennan, CNBC's Silvia Amaro, Saadia Zahidi Organizations: Zurich Insurance Group Locations: Carolina, Europe

☆ How the Red Sea crisis could clobber the global economy
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.

Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, ”, ” It’s, Abercrombie &, Nathan Howard, “, ” Philip Damas, —, Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, ”, China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey

☆ World Economic Forum risks report sees a ‘global catastrophe’ within 10 years
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

The gloomy outlook comes from an annual survey by the World Economic Forum (WEF) of people paid to identify and manage global risks. According to the report published Wednesday, nearly two-thirds of respondents expect an “elevated chance of global catastrophes” in the next decade. Sam Yeh/AFP/Getty ImagesExtreme weather events were ranked the number two short-term risk, demonstrating heightened awareness about the environment and climate change in a year plagued by rising temperatures and rampant floods and wildfires. Cyber insecurity also made it into the top five short-term risks, for the first time in a decade. Lack of economic opportunity, persistently high inflation and an economic downturn were ranked sixth, seventh and ninth on the list of short-term risks respectively.

Persons: “, Carolina Klint, Marsh McLennan, ”, Hou Yu, Sam Yeh, “ It’s, Saadia Zahidi, ” Zahidi, ” John Scott Organizations: London CNN, Humanity, World Economic, American Psychological, Marsh, CNN, ih, Getty, Zurich Insurance Group Locations: Davos, Switzerland, Israel, Carolina, Europe, Taoyuan, AFP

☆ Cher says this career mistake cost her 'a lot of money': 'I was so stupid'
▼ + stars: | 2023-12-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Cher has sold over 100 million records and won a trove of awards, including a Grammy, an Emmy and an Oscar, across her six-decade career. But there's one mistake the 77-year-old singer made earlier in her career that still haunts her — and cost her "a lot of money," she shared in a new interview. While that line made it to the final recorded version of "Believe," Cher's name doesn't appear in the songwriting credits. "Believe," which was released in 1998, is one of Cher's best-selling records to date. Warner Records, the label that released "Believe," did not immediately respond to CNBC Make It's request for comment.

Persons: Cher, Vernon Kay, Kay, I've, Rick Carnes, Carnes, Brian Higgins, Stuart McLennan, Paul Barry, Steven Torch, Matthew Gray, Timothy Powell Organizations: BBC, Recording Academy, Songwriters Guild of America, Warner Records, CNBC

☆ Charlie Munger's acumen, wisdom and irreverence: Investors mourn the loss of one-of-a-kind legend
▼ + stars: | 2023-12-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

As Charlie Munger's admirers around the globe mourn the loss of one of the most influential investors ever, a deep sense of gratitude and appreciation has spread — for his unparalleled business acumen as well as his uniquely sharp tongue. Munger, Berkshire Hathaway's vice chairman who died Tuesday one month shy of his 100th birthday, left a mark on generations of investors in a host of ways thanks to a long and fruitful life. First and foremost, Munger's investment philosophy rubbed off on none other than Warren Buffett, giving rise to the sprawling conglomerate worth almost $800 billion that Berkshire is today. Munger long emphasized the importance of recognizing a good business before it's widely seen as such, and he did so many times in his storied career. Munger was also a loyal supporter of Costco Wholesale Corp ., calling it one of the best investments of his life.

Persons: Charlie Munger's, Warren Buffett, Munger, Buffett, Bill Stone, Matt McLennan, Charlie, McLennan Organizations: Munger , Berkshire Hathaway's, Glenview Trust, First Eagle Investments, CNBC, Berkshire, Costco Wholesale Corp, Price Club Locations: Munger , Berkshire, Berkshire, Glenview

☆ How to make your money work for you over the next decade
▼ + stars: | 2023-11-28 | by ( James Faris | William Edwards | ) www.businessinsider.com time to read: +16 min

"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.

Persons: —, Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries

Russia, whose officials haven't commented on the corridor, warned this summer that ships heading to Ukraine's Black Sea ports would be assumed to be carrying weapons. Despite such attacks, Ukraine has exported over 5.6 million metric tons of grain and other products through the new corridor, U.S. “That corridor worked in an unpredictable way for us,” said Mykola Horbachov, president of the Ukrainian Grain Association. Before the invasion, the exporter paid $50 per metric ton to ship grain through the Black Sea. To ease that hurdle, an insurance program launched this month to provide affordable coverage to shippers carrying food from Ukraine’s Black Sea ports.

Persons: Roman Andreikiv, ”, Munro Anderson, Lloyd’s, Ukraine’s, haven't, Volodymyr Zelenskyy, Ukraine Bridget Brink, Taras Kachka, it’s, Kelly Goughary, “, Oleksandr Kubrakov, it's, Mykola Horbachov, ” Horbachov, Osmachko, Anderson, ” Osmachko, Marsh McLennan, Zelenskyy, Mykola Solskyi, ___ Bonnell Organizations: —, Agroprosperis, Liberian, Gro Intelligence, Farmers, Ukrainian Grain Association, Ukrainian Locations: KYIV, Ukraine, Russia, Africa, East, Asia, Egypt, Spain, China, Bangladesh, Netherlands, Tunisia, Turkey, Kyiv, U.S, Sumy, Ukrainian, Europe, Lloyd’s, Nigeria, London, russia, ukraine

☆ McLennan replaced by Herbert as Rugby Australia chairman in boardroom coup
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +3 min

New Australia rugby union coach Eddie Jones poses with Rugby Australia Chairman Hamish McLennan and CEO Andy Marinos after his first news conference since his reappointment, which was held at Matraville Sports High School, in Sydney, Australia January 31, 2023. REUTERS/Nick Mulvenney/File Photo Acquire Licensing RightsSYDNEY, Nov 20 (Reuters) - Hamish McLennan was replaced as chairman of Rugby Australia (RA) by former Wallabies centre Dan Herbert late on Sunday as the fallout from the country's early World Cup exit continued to reverberate. McLennan, a successful businessman who had overseen the hiring of Eddie Jones to run the ill-fated World Cup campaign, immediately resigned from the board. "Australia will host the British and Irish Lions Tour in 2025, the Men's 2027 Rugby World Cup and the Women's 2029 Rugby World Cup and the 2032 Olympic Games," he added. RA paid tribute to McLennan's role in helping the game get through the COVID pandemic, which brought the governing body close to bankruptcy, and in securing the hosting of the men's and women's World Cups.

Persons: Eddie Jones, Hamish McLennan, Andy Marinos, Nick Mulvenney, Dan Herbert, McLennan, Herbert, Jones, Dave Rennie, Phil Waugh, Rugby Australia's, Toby Davis Organizations: New Australia rugby, Rugby Australia, Matraville Sports High School, REUTERS, Rights, Wallabies, Australia, New South Wales Rugby Union, Australian Capital Territory, ACT, Super Rugby, Irish Lions, Rugby, Thomson Locations: Sydney, Australia, England, Queensland

☆ RA chairman says no shortage of replacements for ex-Wallabies coach Jones
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

FILE PHOTO:New Australia rugby union coach Eddie Jones poses with Rugby Australia Chairman Hamish McLennan and CEO Andy Marinos after his first news conference since his reappointment, which was held at Matraville Sports High School, in Sydney, Australia January 31, 2023. McLennan said an Australian coach's knowledge of grass-roots rugby in the country would be of value but added that Rugby Australia (RA) wanted the best person for the job. I can tell you, there’s no shortage of high-quality coaches that want to come and coach the Wallabies." Former ACT Brumbies coach Dan McKellar, now coaching in England, is seen as among the strongest candidates to replace Jones, along with current Brumbies coach Stephen Larkham. McLennan was instrumental in appointing Jones, who replaced Dave Rennie after the New Zealander was sacked as Wallabies coach in January.

Persons: Eddie Jones, Hamish McLennan, Andy Marinos, Nick Mulvenney, McLennan, Zealander Robbie Deans, Dan McKellar, Jones, Stephen Larkham, Dave Rennie, we’ve, Ian Ransom, Gerry Doyle Organizations: New Australia rugby, Rugby Australia, Matraville Sports High School, REUTERS, Rights MELBOURNE, Wallabies, Sydney Morning Herald, Zealander, Australia, Panasonic Wild Knights, Former ACT Brumbies, Brumbies, New Zealander, Thomson Locations: Sydney, Australia, Australian, Brisbane, England, Melbourne

☆ Rising yields and war: Here's how to trade the volatility, according to fund managers
▼ + stars: | 2023-10-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Market volatility looks here to stay: Yields are still rising, a war is raging, and it's uncertain whether interest rates will stay higher for longer. Go for bonds Though volatility in the bond market has led to losses, some fund managers are saying that it's time to get back into this asset class, given that yields are high. Money market funds typically include short-term Treasurys. Bond yields move inversely to prices — that means a peak in interest rates may signal that bond prices have bottomed. When interest rates rise, bond prices typically fall as existing bonds with lower yields become less attractive.

Persons: Investors, David Katz, Katz, Bryn Jones, there's, Jones, Hide, Paul Meeks, Meeks, Steven Glass, Glass, Marsh McLennan, he's, they're, — CNBC's Michael Bloom Organizations: Treasury, Bank of America, Matrix Asset, CNBC Pro, gilts, U.S . Federal, Treasury Bond ETF, Pella Funds, Group, ASM, Taiwan's Locations: Israel, United States, China, U.S, Pella, Germany, Netherlands

☆ Priced for earnings recession, European equities could weather storm
▼ + stars: | 2023-10-17 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

After a long period of scepticism towards European equities, some investors and analysts are finding cause for optimism. European companies are expected to enter their first earnings recession - two consecutive quarters of falling earnings - since 2020. But European stocks are better priced for a recession than their U.S. counterparts, said Matthew McLennan, co-head of First Eagle’s Global Value team. First Eagle's McLennan said the weaker euro in part supported the outlook for European equities. "There's some possibility that European equities, by both their valuation and their currency valuation, could do better than U.S. equities over a period of time".

Persons: Jefferies, Mohit Kumar, LSEG, Matthew McLennan, Goldman Sachs, Oliver Collin, Europe's, Collin, LVMH, Ayesha Akbar, Eagle's McLennan, Joice Alves, Mark Potter Organizations: Silicon Valley Bank, Credit Suisse, Deutsche Bank, U.S, drugmaker Novo Nordisk, Fidelity, Thomson Locations: Frankfurt, Silicon, Germany, U.S

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