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watch nowHousing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the pandemic era. At a high level, "shelter" inflation is a measure of U.S. rental prices, said Jessica Lautz, deputy chief economist at the National Association of Realtors. Why CPI shelter inflation has fallen slowlyThe pullback in shelter inflation has been slower than expected, economists said. How the CPI reflects homeownershipThe shelter inflation index is meant to measure the average cost of housing in the U.S. economy, J.P. Morgan's Seydl said. "When it comes to the CPI, [shelter] does not mean the cost for homes for purchase," said the NAR's Lautz.
Persons: Joe Seydl, Jessica Lautz, Olivia Cross, We've, Jerome Powell, Selma Hepp, Morgan's Seydl, Powell, Seydl Organizations: Morgan Private Bank, Housing, National Association of Realtors, of Labor Statistics, Capital Economics, Finance, Federal, CoreLogic, BLS, Olivia Cross North, Capital, CPI Locations: North America, U.S, Olivia Cross North America
CNN —There must be few sights in football more daunting than lining up against Real Madrid in a Champions League final. Simply put: No matter how perilous the position, never count Real Madrid out in the Champions League. Terzić celebrates after Dortmund reached the Champions League final against PSG. “What has made us so strong, especially in the Champions League, is what we can influence. “They haven’t lost in eight Champions League finals in a row.
Persons: Blancos, , “ We’re, ” Carlo Ancelotti, We’re, we’re, ” Real, Clive Brunskill, Germain, Merengues, Nacho, Joselu, Real’s, , ” Ancelotti, hadn’t, Die, Bayer, Christine Poujoulat, Edin Terzić, , Terzić, “ I’m Organizations: CNN, Real Madrid, Champions League, Liverpool, Milan, Borussia Dortmund, Wembley, Saturday’s Champions League, Bayern Munich, PSG, Atlético, “ Borussia, Paris Saint, Manchester City, RB Leipzig, Bayern, Real, League, , Juventus, Dortmund, Bayer Leverkusen, Terzić, Getty Locations: Madrid, Chelsea, Manchester, It’s, ” Dortmund, AFP
Six Group CEO: IPO pipeline looks really healthy
  + stars: | 2024-03-13 | 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 EmailSix Group CEO: IPO pipeline looks really healthyJos Dijsselhof, CEO of Six Group, joins CNBC following earnings. He makes the case for why he's bullish on the 2024 IPO pipeline, and what mix of companies will make for a healthy exchange.
Persons: Jos Dijsselhof Organizations: Six, CNBC Locations: Jos
SCOTTSDALE, Ariz. (AP) — Sahith Theegala returned from a lengthy weather delay to finish off a 6-under 65, taking the early lead in the unfinished first round of the Phoenix Open on Thursday. Five days after weather shortened the AT&T Pebble Beach Pro-Am to 54 holes, storms followed the PGA Tour to the desert. Theegala broke through with his first PGA Tour win last fall at the Fortinet Championship, earning a spot in The Sentry to open the 2024 season. He chipped in on the par-4 second to start a run of three straight birdies before a bogey on No. 4 and had three straight birdies before the round was called because of darkness.
Persons: Sahith Theegala, Theegala, Andrew Novak, Kim eagled, Shane Lowry, Jordan Spieth, Scottie Scheffler, Steve Stricker, Chris Kirk, Kim bogeyed, Kim, Novak Organizations: Phoenix, Scottsdale, John Deere, PGA, Pepperdine Locations: SCOTTSDALE, Ariz, Maui, imbibe
GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. UBS said it expects to complete the merger of Credit Suisse by the end of the second quarter this year, and the merger of the two banks’ Swiss operations by the end of the third quarter. For the year, UBS took in $77 billion in new assets across its wealth-management and personal and corporate banking segments. Woes at Credit Suisse — before the UBS merger — and the two U.S. banks unsettled global financial markets in 2023. UBS said revenues jumped 35% to nearly $10.9 billion in the fourth quarter.
Persons: , Sergio Ermotti Organizations: GENEVA, — UBS, Credit Suisse, SIX Group, UBS, U.S . Federal Deposit Insurance Corp, Valley Bank, Signature Bank, Credit Suisse —, Locations: Swiss, Zurich, United States
CNN —Shares of Virgin Galactic, the space tourism venture founded by Richard Branson, are plunging after the British billionaire said he has no plans to invest more money in the company as he says it has “sufficient funds” already. ET market open on Monday, Virgin Galactic stock was down 16%, trading at less than $2 per share. Virgin Galactic has had a landmark year, flying its first customers to the edge of space after years of waiting. Branson had previously sold off a large chunk of his personal investment in Virgin Galactic, ditching about $1 billion worth of stock between 2020 and 2021. Branson added in his comments to the Financial Times that he remains excited about Virgin Galactic and noted the company has “really proved itself and the technology.”
Persons: Richard Branson, Branson, hasn’t, , Virgin Galactic’s, Michael Colglazier’s Organizations: CNN —, Virgin Galactic, Financial Times, — Virgin, Galactic, Times, Virgin, Virgin Group, Virgin Galactic’s, VSS Unity, VSS Locations: Virgin
On the same soundstage where Bob Barker lorded over “The Price Is Right,” “Squid Game” is coming to life. On Wednesday, Netflix will unveil its latest live experience, based on the dystopian hit show in which desperate South Koreans competed in a brutal contest of simple schoolyard games for a prize of 45.6 billion won (around $38 million). If they chose incorrectly, they descended hundreds of feet to their death. To feel even more like a character on the show, customers can buy a tracksuit for $50 and wear it during the experience. ticket option: In a nod to the original, you can watch the unfortunate masses compete in the games while you sip cocktails in a swanky lounge.
Persons: Bob Barker lorded, Losers Organizations: Netflix
In Belarus, some children have been re-educated by nationalists and given military training. AdvertisementA recent report from Yale University sheds new light on the plight of Ukrainian children who have been deported by Russia, many of whom the report says are being subjected to military training and reeducation. Belarusian troops have subjected Ukrainian children to military training that includes handling firearms, wearing body armor, and watching military parades, lectures, and combat demonstrations, according to the report. The total number of deported Ukrainian children is unknown. Some Ukrainian children say they have been put in Russian foster and adoptive families while others are being repatriated to the country.
Persons: , Russia's, Maria Lvova, Belova, Vladimir Putin Organizations: Service, Yale University, Yale School of Public, Research, Yale, Internal Troops, CNN, Criminal Court, International Locations: Belarus, Russia, Ukraine
Jokic scored 33 points and went 14 of 16 from the field as the Nuggets held off the Dallas Mavericks 125-114 on Friday night to open the NBA’s inaugural In-Season Tournament. This marked the first In-Season Tournament game for each team. “One of the coaches said, ‘Hey, man, we’re almost to Vegas,’” Malone cracked. “We've got to win a couple more games.”UP NEXTMavericks: Host Clippers on Nov. 10 in next In-season Tournament game. Nuggets: Host Clippers on Nov. 14 in next In-season Tournament game.
Persons: Nikola Jokic, Jokic, Michael Malone, He’s, It’s, ” Michael Porter Jr, Jamal Murray, Luka Doncic, Irving, , Doncic, would've, ” Dallas, Jason Kidd, Sean Sweeney, ” Sweeney, ” Jokic, Malone, there's, , ’ ” Malone, We've, ___ Organizations: DENVER, Nuggets, Dallas Mavericks, NBA, Dallas, Mavericks, West, Los Angeles Clippers, , Host Clippers, Charlotte, Chicago Locations: New Orleans, Dallas, Houston, Las Vegas, Vegas
CNN —The 2023-24 NBA season may only have gotten underway last week, but this year, teams won’t need to wait until the NBA Finals in June to have the chance of lifting some silverware. How to watchIn the US, 14 group games and all seven knockout-round games will be nationally televised on ESPN or TNT, while international viewers will be able to watch on NBA League Pass. FormatThe inaugural In-Season Tournament begins on November 3 and ends with the championship game on December 7 – and every game except the title game will count towards regular season standings. Will LeBron James add an In-Season Tournament trophy to his four NBA titles? The NBA will, of course, be hoping for similar success for the In-Season tournament.
Persons: LeBron James, Mark J, Terrill Organizations: CNN, NBA, ESPN, TNT, Western, Memphis Grizzlies, Phoenix Suns, LA Lakers, Utah Jazz, Portland Trail Blazers, Denver Nuggets, LA Clippers, New Orleans Pelicans, Dallas Mavericks, Houston Rockets, Golden State Warriors, Minnesota Timberwolves, Oklahoma City Thunder, San Antonio Spurs Eastern Conference, Philadelphia 76ers, Cleveland Cavaliers, Atlanta Hawks, Indiana Pacers, Detroit Pistons Group, Milwaukee, Milwaukee Bucks , New York Knicks, Miami Heat, Washington Wizards, Charlotte Hornets, Boston Celtics, Brooklyn Nets, Toronto Raptors, Chicago Bulls, Orlando Magic Every, Mobile, Disney Locations: Las Vegas, Sacramento, Milwaukee Bucks ,, Florida
DENVER (AP) — The 3-point shot of Dallas forward Grant Williams felt slightly off all morning in practice on the new, brightly painted Denver Nuggets court. It was a wrongly measured 3-point line. In the time between shootaround and the game between the Mavericks and Nuggets, the line was repainted to the right distance. Sometimes, imperfections happen so you've got to adjust.”The NBA 3-point line is 23 feet, 9 inches except from the corners where it's slightly shorter. As for the 3-point line, Sweeney said: "Hopefully it’s the correct one now.
Persons: Grant Williams, ” Williams, Williams, you've, Michael Malone, , Sean Sweeney, Jason Kidd, Sweeney Organizations: DENVER, Dallas, Denver Nuggets, Mavericks, Nuggets, NBA, Los Angeles Clippers Locations: Denver, shootaround, midcourt, High City, New Orleans, Dallas, Houston, Las Vegas
The NBA's In-Season Tournament starts Friday, after years of planning by Commissioner Adam Silver to have a second trophy for teams to compete for during the season. All games on the schedule those nights are tournament games. There are six five-team groups; teams play the other four teams in their group once. There are 14 teams that will begin play Friday and 13 teams will get their first tournament games in on Nov. 10. Every game in the tournament counts as one of the 82 regular-season games that all teams will play this season.
Persons: Gregg Popovich, Victor Wembanyama, Popovich, , Adam Silver, He's, ” Popovich, , They've, they’ve, Jacque Vaughn, I’m, Walter Brown, FanDuel, ___ Organizations: Spurs, NBA, Orlando, Atlanta, Toronto, Detroit . East, Charlotte . East, Orlando . West, Los Angeles Lakers, Portland . West, Denver, Los Angeles Clippers, Houston . West, , Celtics, Boston Garden, Lakers, Golden State Locations: Las Vegas, Philadelphia, Cleveland, Atlanta , Indiana, Detroit, Milwaukee , New York, Miami, Washington, Charlotte, Boston, Brooklyn, Toronto, Chicago, Orlando, Memphis, Phoenix, Utah, Portland, New Orleans, Dallas, Houston, Sacramento, Golden State , Minnesota, Oklahoma City, San Antonio, ” Brooklyn, Milwaukee, Denver
Rohit Sharma saved India's blushes with a captain's knock of 87 in what initially appeared a below-par total of 229-9 on a tricky surface at the Ekana Stadium in Lucknow. Put into bat, the hosts slumped to 40-3 in the 12th over before Rohit forged a 91-run partnership with KL Rahul (39) to arrest their slide. Suryakumar Yadav contributed a breezy 49 down the order and India's tailenders scored some useful runs towards the end to take them past the 225-mark. England were reduced to 52-5 inside 16 overs in a remarkable batting capitulation and were eventually bundled out for 129 in inside 35 overs with Mohammed Shami claiming 4-22 for India. Writing by Amlan Chakraborty in New Delhi; editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.
Persons: Bharat Ratna, Atal Bihari, India's Mohammed Shami, England's Moeen Ali, Adnan Abidi, Rohit Sharma, India's, Rohit, Suryakumar Yadav, India's tailenders, Mohammed Shami, Liam Livingstone's, Amlan Chakraborty, Pritha Sarkar Organizations: Cricket, ICC Cricket, Atal Bihari Vajpayee Ekana Cricket, KL Rahul REUTERS, England, KL, Thomson Locations: India, England, Lucknow, LUCKNOW, New Delhi
Seven World Cup stadiums to be used for Asian Cup in Qatar
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Hassan Rabea Al Kuwari, Executive Director of Marketing and Communications at the Local Organising Committee for the AFC Asian Cup Qatar 2023, and Abdulaziz Al-Mawlawi, Qatar Tourism Chief Marketing Officer, sit alongside the moderator at a press conference organised by the Local Organising... Acquire Licensing Rights Read moreOct 9 (Reuters) - The upcoming Asian Cup in Qatar will be held across nine stadiums, including seven venues that were used for last year's World Cup, the local organising committee said on Monday. The tournament runs from Jan. 12 to Feb. 20. with the opening match and the final to be held at Lusail Stadium – the 88,966-seat venue that hosted the World Cup final. The seven World Cup venues are the Lusail, Al Bayt, Khalifa International, Al Janoub, Ahmad bin Ali, Al Thumama and Education City stadiums. Two other venues, the Jassim bin Hamad Stadium and Abdulla bin Khalifa Stadium, will also be used. Hosts Qatar are the defending champions, having won the title in 2019 after an impressive unbeaten run.
Persons: Hassan Rabea Al Kuwari, Abdulaziz Al, Hassan Al Kuwari, Al Bayt, Al Janoub, Ahmad bin Ali, Al Thumama, Abdulla, Ashraf Hamed Atta, Christian Radnedge Organizations: Marketing, Communications, Local, AFC Asian, Qatar, Qatar Tourism, Khalifa International, Education City, Thomson Locations: Mawlawi, Qatar, Asia, Jan, Al, China, Tajikistan, Lebanon, Cairo
REUTERS/Dado Ruvic/file photo Acquire Licensing RightsLONDON, Sept 5 (Reuters) - Regulated financial exchanges are talking about how to capitalise on interest in crypto, an industry group said on Tuesday, but a third of respondents to its latest survey said they had no plans to offer the asset class. Exchanges said they were concerned about a lack of uniform regulatory standards, market volatility and the potential for cybersecurity risks relating to crypto assets, a report from the London-based World Federation of Exchanges (WFE) said. Some 38% of the exchanges the WFE surveyed have established, or plan to establish, working groups to focus on crypto-related assets or services. Just over a quarter of respondents said they expect crypto assets to become mainstream in the near future, the WFE said. Mainstream financial institutions have long expressed interest in the potential for blockchain - the technology behind cryptocurrencies - to be used in the process of issuing and trading traditional financial assets.
Persons: Dado, Crypto, Nandini Sukumar, Elizabeth Howcroft, Tom Wilson, Jan Harvey Organizations: REUTERS, Federation of Exchanges, Deutsche, Switzerland's SIX, London Stock Exchange, Thomson Locations: London
The 6 Kinds of Republican Voters
  + stars: | 2023-08-17 | by ( Nate Cohn | ) www.nytimes.com   time to read: +15 min
But if the Republican Party is no longer in Reagan’s image, it’s not necessarily a populist-conservative MAGA monolith, either. But if the Republican Party isn’t quite a MAGA monolith, what is it? The groups were defined by how Republican-leaning voters felt on the issues — not how they felt about Mr. Trump. In fact, Mr. Trump leads Mr. DeSantis among every group of Republican voters identified in the analysis. They’re the smallest group of Republicans today, but this group of relatively moderate but anti-woke voters might play an important role in the Republican Party in the years ahead.
Persons: Donald J, Trump, Ronald Reagan’s, it’s, MAGA, Trump’s, Mr, They’re, ” They’re, it’s Mr, , , Trump’s MAGA, don’t, Ron DeSantis, Susan Collins, Charlie Baker, Chris Sununu, Reagan, Bush, Biden, John Kasich, Marco Rubio, DeSantis, Rick Perry, Tim Scott, Rubio, John McCain, Mitt Romney, Romney, Liz Cheney, Roe, Wade, Ted Cruz, Newt Gingrich Trump, It’s, likeliest, Cruz, Rudy Giuliani, Paul LePage, Lou Barletta, Michael Grimm Trump, ” Reagan, Rand Paul, Jason Chaffetz, Dave Brat Trump, Vivek Ramaswamy, President Biden, they’re, Organizations: Right, Libertarian Conservatives, Moderate, Republican Party, New York Times, Siena College, Republican, Times, Mr, Conservatives, Fox, Trump, Blue, Trump Republican Party, Freedom Caucus, Fox News, Trump —, Republicans, Radicals, ” Reagan Democrats, Obama, Trump voters, President Locations: Ukraine, Siena, America, New York City, It’s
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope needs to band together to make sure its markets are attractive, says SIX Group CEOJos Dijsselhof, CEO of SIX Group, discusses the state of the IPO market in the region and says "infighting in Europe is not helping us."
Persons: Jos Dijsselhof Organizations: SIX, SIX Group Locations: Europe
Meet the new CEO of Alibaba
  + stars: | 2023-06-20 | by ( Lina Batarags | ) www.businessinsider.com   time to read: +2 min
Cofounder Eddie Wu will replace Daniel Zhang as CEO, the company announced Tuesday. The move comes three months after Alibaba announced it would split into six groups. Eddie Wu, currently the chairman of Taobao and Tmall Group, will take over as CEO from Daniel Zhang, Alibaba Group announced Tuesday. After Zhang steps down from his role, he will lead Alibaba's Cloud Intelligence Group as chairman and CEO, the company announced. History at Alibaba: He's one of the cofounders of Alibaba, and he currently serves as a senior vice president overseeing three business units, per Crunchbase.
Persons: Eddie Wu, Daniel Zhang, Alibaba, Zhang, Joseph C . Tsai, who's, Wu Organizations: Morning, Tmall, Alibaba, Cloud Intelligence Group, Zhejiang University of Technology Locations: China
Chinese e-commerce giant Alibaba Group Holding Ltd. said it plans to split itself into six independently run companies that could seek separate IPOs, effectively dismantling a business empire built over two decades by charismatic entrepreneur Jack Ma just as the tycoon reappeared in China. The reorganization of one of China’s largest private companies, once valued at more than $800 billion but now worth about a quarter of that, comes after Chinese authorities signaled in recent months they were winding down a sweeping regulatory clampdown aimed at reining in the country’s powerful tech sector.
Credit Suisse confirmed last month that clients had pulled 110 billion Swiss francs of funds in the fourth quarter while the bank suffered its biggest annual loss of 7.29 billion Swiss francs since the financial crisis. In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.
In December, Credit Suisse had tapped investors for 4 billion Swiss francs. Credit Suisse shares have lost more than 75% of their value over the past twelve months. Reuters Graphics Reuters GraphicsWHAT STEPS CAN CREDIT SUISSE TAKE TO CALM INVESTORS? HOW IMPORTANT IS CREDIT SUISSE? Credit Suisse has a local Swiss bank, wealth management, investment banking and asset management operations.
"It's not just me and my children, future generations from our community in Jammu and Kashmir will vote for the BJP." A BJP victory in the disputed region could consolidate India's claim over the territory on the global stage. "We have taken a pledge to cross 50-plus seats to form the next government with a thumping majority," the BJP's president for Jammu and Kashmir, Ravinder Raina, told Reuters. Jammu has about 5.3 million inhabitants, 62% of whom are Hindu while Kashmir Valley has 6.7 million, 97% of them Muslim, according to a 2011 census. Previously unreported official records show just over 5.3 million certificates had been issued as of September.
Fritz delivers as U.S. win inaugural United Cup crown
  + stars: | 2023-01-08 | by ( ) www.reuters.com   time to read: +3 min
[1/5] Tennis - United Cup - Ken Rosewall Arena, Sydney, Australia - January 8, 2023 Taylor Fritz of the U.S. reacts during his match in the final against Italy's Matteo Berrettini REUTERS/Asanka Brendon RatnayakeSYDNEY, Jan 8 (Reuters) - Taylor Fritz edged Matteo Berrettini 7-6(4) 7-6(6) as the United States justified their status as favourites to outclass Italy in a one-sided final at the inaugural United Cup mixed team tournament on Sunday. It's amazing for the team to win this event. We came in with really high hopes, or at least I did," Fritz said. SHOULDER INJURYA shoulder injury forced the 20-year-old Musetti to concede to Tiafoe after his first serve of the second set. The Americans top the table with most titles in the Davis Cup (32), Billie Jean King Cup (18) and Hopman Cup (6).
[1/5] Japan's Emperor Naruhito, Empress Masako, former Japanese emperor Akihito and former empress Michiko appear before well-wishers during the traditional New Year's greeting ceremony by Japan's royal family at the Imperial Palace in Tokyo on January 2, 2023. PHILIP FONG/Pool via REUTERSTOKYO, Jan 2 (Reuters) - Japan's Emperor Naruhito on Monday gave a New Year's address and greeted members of the public for the first time in three years as the country eases COVID-19 pandemic restrictions amid a year-end surge in infections. Naruhito, 62, was joined by other royals, including his wife, Empress Masako, 59, and his father, Emperor Emeritus Akihito, 89, who abdicated in 2019. About 9,600 people, split into six groups over the course of the day, were chosen by lottery to attend the New Year's event, a much smaller number than the tens of thousands that usually gather for the traditional royal greeting. Since the start of the pandemic, the country has registered about 30 million infections and almost 60,000 deaths.
Australia's Kyrgios withdraws from United Cup with injury
  + stars: | 2022-12-28 | by ( ) www.reuters.com   time to read: +1 min
Dec 28 (Reuters) - Australia's Nick Kyrgios has withdrawn from the inaugural edition of the United Cup due to injury, organisers of the new mixed team event said on Wednesday. "Nick Kyrgios has withdrawn from the United Cup due to injury," organisers said in a statement without elaborating on the nature of the injury. "Alex de Minaur will move into the number one men's position for Team Australia, and subsequently Jason Kubler moves into the number two spot." Kyrgios, 27, had been due to face Britain's Cameron Norrie in his first singles match on Thursday in Group D, which also features Rafa Nadal's Spain. Reporting by Rohith Nair in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
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