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☆ Opinion | Naftali Bennett Needs to Topple Two Regimes
▼ + stars: | 2024-08-13 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

The former Israeli prime minister was worried about a blood bath. Provide Gazans with food, water, medicine and safe havens but not the fuel that Hamas needs to operate its tunnels. Offer safe passage out of Gaza for Hamas fighters willing to surrender, probably in exchange for the release of Israel’s hostages. And Israelis are girding for a major, multifront war against Iran and its proxies. With polls showing him drawing even with or beating Netanyahu as the person Israelis want as their prime minister, his views matter.

Persons: I’d, Naftali Bennett, Bennett, Benjamin Netanyahu, Yahya Sinwar, Netanyahu Locations: Tel Aviv, Gaza, Israel, Iran

☆ Fatal Shooting Robs a Neighborhood of a Longtime Friendly Face
▼ + stars: | 2024-06-22 | by ( Shayla Colon | ) www.nytimes.com time to read: +1 min

He worked his shift at Pizza Palace in Manhattan’s Inwood neighborhood late Sunday. But the man, Alejandro Ramirez, never got to the stop. He made it only a few blocks before he was fatally shot in the chest. Mr. Ramirez, 45, was one of two people killed in a shooting at West 207th Street and 10th Avenue around 11:40 p.m. on Father’s Day; another Bronx man, Michael James, 44, was fatally shot, in the face and torso. The number of shootings across New York City has dropped compared with last year, but that was little consolation for a neighborhood shaken by the Father’s Day shooting, and for a city girding for summer’s traditional increase in gun violence.

Persons: Alejandro Ramirez, Ramirez, Michael James Organizations: West 207th Street Locations: Manhattan’s Inwood, Bronx, New York City

☆ Opinion | For Trump, ‘Guilty’ May Not Matter
▼ + stars: | 2024-05-30 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

The first former American president to be put on trial is now the first former American president to be convicted of a felony. I could see him skipping out of the cemetery, all the way back to 1600 Pennsylvania Avenue. I could see “guilty” being a mere bump in the road. I long ago lost count of the times that “witch hunt” tumbled from his lips or his keyboard. Trump came to understand that commanding people’s attention could get him only so far, while commanding their realities might enable him to get away with anything.

Persons: Donald Trump, ”, “, Trump Locations: American

☆ China is girding itself for potential follow-on tariffs from U.S. allies, portfolio manager says
▼ + stars: | 2024-05-15 | 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 EmailChina is girding itself for potential follow-on tariffs from U.S. allies, portfolio manager saysBen Harburg, founder and and portfolio manager at Core Values Alpha, discusses U.S. President Joe Biden's decision to raise tariffs on $18 billion in Chinese imports.

Persons: Ben Harburg, Joe Biden's Organizations: China, Alpha

☆ ‘Time, Patience, Cold Blood’: Mexico Prepares for a Potential Trump Win
▼ + stars: | 2024-05-09 | by ( Natalie Kitroeff | ) www.nytimes.com time to read: 1 min

They’re studying his interviews, bracing for mass deportations and preparing policy proposals to bring to the negotiating table. As Mexico heads toward its presidential election next month, government officials and campaign aides are also girding for a different vote: one in the United States that could return Donald Trump to the presidency. The last time Mr. Trump took office, his win surprised many of America’s allies, and his threat-filled diplomacy forced them to adapt on the go. Now, they have time to anticipate how Mr. Trump’s victory would transform relations that President Biden has tried to normalize — and they’re furiously preparing for an upheaval. For some, the memory of negotiating with Mr. Trump the last time he was in office, when he used extreme threats against Mexico, looms large.

Persons: They’re, Donald Trump, Trump, Trump’s, Biden, they’re Organizations: Mr Locations: Mexico, United States

☆ Biden Tax Increases Won’t Hit Middle Class, Yellen Says
▼ + stars: | 2024-04-30 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The battle lines of the next big tax fight were laid out on Tuesday as Treasury Secretary Janet L. Yellen sparred with Republicans over the Biden administration’s plans to raise taxes on businesses and wealthy Americans. In recent weeks, Republicans have been amplifying their attacks on President Biden’s tax proposals, which have become central to the president’s re-election message. Many provisions in the $1.7 trillion tax cut that Republican lawmakers and former President Donald J. Trump enacted in 2017 are set to expire in 2025, including lower tax rates for individuals as well as many tax breaks for corporations. Renewing all of the tax measures for another decade would cost about $3 trillion, according to the Joint Committee on Taxation. Republicans have begun warning that Mr. Biden plans to allow all of the tax cuts to expire, effectively raising taxes on businesses and families at a moment when inflation is pinching consumers.

Persons: Janet L, sparred, Biden’s, Donald J, Trump, Biden Organizations: Biden, Republican, Taxation, Republicans

JPMorgan Chase , Wells Fargo and Bank of America reported a combined $2.2 billion in overdraft fees in 2023, roughly $700 million less than the previous year, according to regulatory filings. Overdraft fees are triggered when a customer attempts to spend more than the balance in their checking accounts. Banks say overdraft services are a lifeline that helps users avoid worse options like payday loans, while critics including President Biden say the fees exploit struggling Americans. But even before recent efforts by regulators, banks' haul from overdraft has been on the decline. Those who kept the fees, including JPMorgan, limited the types of transactions that trigger penalties, got rid of fees for bounced checks and introduced one-day grace periods and $50 cushions to reduce their frequency.

Persons: Michael Nagle, Wells, Banks, Biden, Sen, Elizabeth Warren, Jamie Dimon, Dimon, Ally, there's, Jennifer Tescher Organizations: JPMorgan Chase, Bloomberg, Getty, Bank of America, Consumer Financial, Bureau, Capital, Citigroup, JPMorgan, Financial Health Network Locations: New York, Wells Fargo, overdraft

Save America was once so flush with cash that Trump’s political operation used its money to seed a super PAC, MAGA Inc., that advertises in support of his presidential campaign. But as Trump’s legal bills have grown and its cash dwindled, Save America clawed back more than $42 million in refunds from the super PAC last year. The super PAC supporting her candidacy, SFA Fund, spent more freely. Its year-end report shows that the group raised $50.2 million and spent $63.7 million between July and December. The substantial burn rate left the super PAC with just $3.5 million in cash on hand entering 2024.

Persons: Joe Biden, Donald Trump’s, Biden, Nikki Haley, Haley, Haley’s, Trump, “, ”, Ken Griffin, Jan Koum, Paul Singer, Jim Davis, Griffin, Singer, George Soros, Eric Schmidt, Shonda Rhimes, Ron DeSantis ’, DeSantis, Donors Organizations: CNN, Trump, GOP, South Carolina Gov, Federal, Republican, Save America PAC, Make, PAC, FEC, Save, MAGA Inc, SFA Fund, SFA, Palmetto State, Haley, Citadel, New, American Opportunity Alliance, Hollywood, DeSantis Locations: Iowa, New Hampshire, Save America, South Carolina, Palmetto, Florida

☆ Banks are being rocked again as real estate losses mount
▼ + stars: | 2024-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The regional lender set aside $552 million in the fourth quarter to absorb loan losses, up from $62 million in the previous quarter. The increase was driven partly by expected losses on a loan used to finance an office building, it said. ET as shares in NYCB, as well as other regional banks, suffered sharp losses. Much bigger players are girding themselves for losses linked to commercial real estate. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, is up 23% since a low in late March.

Persons: Thomas Cangemi, Brendan McDermid, Julius Baer, Philipp Rickenbacher, Arnd Wiegmann, Reuters Philip Lawlor, ”, “, ” Lawlor, CNN’s Matt Egan Organizations: London CNN, Credit Suisse, New York Community Bancorp, New York Stock Exchange, Japan’s Aozora Bank, Federal Reserve, ”, CNN, Signa Group, Chrysler, Reuters, Deutsche Bank, Bank, Suisse —, UBS, Wilshire Indexes, KBW Locations: Europe, New York, Tokyo, Zurich, California, Republic, NYCB, Banc, Swiss, Austrian, Switzerland

☆ French Farmers Lay ‘Siege’ to Paris in Growing Standoff
▼ + stars: | 2024-01-29 | by ( Aurelien Breeden | Catherine Porter | ) www.nytimes.com time to read: +1 min

Last week Mr. Attal rushed to farming regions in the south of France and offered a series of rapid concessions as he tried to head off widening demonstrations on roadways from food producers nationwide. Their grievances are so varied that the protests present an increasingly precarious moment for the government that defies easy solutions. Many farmers say foreign competition is unfair, wages are too low, and regulation from both the government and the European Union has become suffocating. “I am determined to move forward,” Mr. Attal said on Sunday after visiting farmers in the Indre-et-Loire area of central France. But he also warned that “there are things that cannot change overnight.”

Persons: Gabriel Attal, Attal, Mr Organizations: European Union Locations: Paris, France, Indre, Loire

☆ Airbus bullish on jet output as profits override space charge
▼ + stars: | 2023-11-09 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

Airbus declined to elaborate on the charge, which came as the planemaker formally announced a restructuring in its Defence & Space division that has been in preparation for several months. Airbus CEO Guillaume Faury stuck to his guns, however. Airbus is producing A320-family jets in the low-50s per month instead of a planned level closer to 58, they said. On the loss-making A220, Airbus reiterated plans to raise output to 14 a month. "We are working very closely with them in the spirit of supporting them, but we also expect from Spirit to well support Airbus.

Persons: Steven Udvar, Guillaume Faury, Faury, Pratt, Safran, Whitney, Chris Calio, Spirit, Patrick Shanahan, Tim Hepher, Valerie Insinna, Allison Lampert, Matt Scuffham, Sharon Singleton, Matthew Lewis Organizations: Airbus, Defence, Space, Air Lease AL.N, Pratt & Whitney, CFM, GE Aerospace, GE, Boeing, Thomson Locations: Dubai, Paris, Washington, Montreal

MOSCOW, Nov 3 (Reuters) - Russia on Friday dismissed new U.S. sanctions over the war in Ukraine, saying that the United States would never defeat Moscow, while the boss of Russia's fastest growing natural gas company quipped the sanctions were a badge of success. The United States on Thursday targeted Russia's future energy capabilities, sanctions evasion and a suicide drone that has been a menace to Ukrainian troops and equipment, among others, in sanctions on hundreds of people and entities. The Arctic-2 LNG project - targeted by the new sanctions - had been expecting to start exporting soon and it is uncertain how much Russian LNG will now be blocked. The largest Russian LNG producer Novatek NVTK.MM said in September it would start shipments from Arctic-2 LNG early next year. Leonid Mikhelson, the head of Russian natural gas producer Novatek(NVTK.MM), told a conference in the Uzbek city of Samarkand that the U.S. sanctions were a badge "of our professionalism".

Persons: Maria Zakharova, Vladimir Putin, Putin, Novatek NVTK.MM, Leonid Mikhelson, Novatek, Guy Faulconbridge, Andrew Osborn Organizations: Monetary Fund, Russian LNG, Thomson Locations: MOSCOW, Russia, Ukraine, United States, Moscow, Russian, U.S, Europe, Uzbek, Samarkand

☆ Primary Battles Brew Over Progressive Democrats’ Stances on Israel
▼ + stars: | 2023-10-29 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +3 min

And progressive organizations are girding for possible challenges to Representatives Cori Bush of Missouri, Rashida Tlaib of Michigan and others, funded from the deep pockets of AIPAC and other pro-Israel groups. “They spent a historic amount of money to intervene, and try and buy primaries in 2022,” said Usamah Andrabi, spokesman for Justice Democrats, the liberal insurgent group that helped elect many of the progressives now on the primary target list. “I think we will see a doubling and tripling down, because no one in the Democratic leadership is trying to stop them.”Officially, AIPAC is neutral for now. Progressive Democrats like Ms. Lee have other constituents to consider, including progressive Jews who remain by her side. Ms. Lee said Jews were “10 percent of our district, but we also have Muslim, Arab, Palestinian constituents who are afraid for their families and their lives.”

Persons: George Latimer, Jamaal Bowman, Eliot Engel, Cori Bush of, Rashida, “, ”, Usamah Andrabi, Marshall Wittmann, Bowman, Lee, ” Waleed Shahid, Biden, Avigail Oren Organizations: Westchester County, House Foreign Affairs Committee, Justice Democrats, Democratic, AIPAC, Israel, Progressive Locations: New York, Westchester, Cori Bush of Missouri, Michigan, Israel, Gaza, Pittsburgh

The logo for AbbVie is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Morningstar analyst Damien Conover said he had already factored in a hit to Imbruvica from the Medicare price negotiations, so the update on impairment was not "overly significant to our view." Humira's global third-quarter sales fell 36% to $3.55 billion, but topped analysts' estimates of $3.48 billion, according to LSEG data. AbbVie in July trimmed its 2023 view for Humira sales erosion to 35%, from 37% earlier. The company's newer immunology drugs Skyrizi and Rinvoq generated sales of $2.13 billion and $1.11 billion, respectively, ahead of analyst expectations of $2.10 billion and $1.02 billion.

Persons: Andrew Kelly, girding, AbbVie, Imbruvica, Morningstar, Damien Conover, Humira, Piper Sandler, Christopher Raymond, Ingelheim, Leroy Leo, Christy Santhosh, Maju Samuel, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, U.S, Medicare, Analysts, Sandoz, AbbVie, Thomson Locations: New York City , New York, U.S, The Illinois, Bengaluru

☆ Analysis: Yen comeback may be a longer waiting game
▼ + stars: | 2023-10-27 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

One result is an uneasy calm in spot and options markets for dollar/yen as traders give up waiting for the yen to bounce. Driven weaker by the widening gap between U.S. and Japanese interest rates, the yen has lost 13% on the dollar this year and at 150 is near the three-decade low of 151.94 that prompted government intervention a year ago. Market participants say what's changed is the expectation that Japan would be in the driver's seat for the yen this year. Yet together with the risk of intervention, it only seems to have stopped the yen from falling, rather than driving the sort of rally investors had been girding for at the outset of 2023. To be sure, Sachdev said interest in 'carry trades' - borrowing yen to sell for higher-interest paying currencies is waning, while investors have been keen for long exposure to yen assets.

Persons: Kim Kyung, Patrick Law, Masafumi Yamamoto, Yen, Shafali Sachdev, Sachdev, Tom Westbrook, Jacqueline Wong Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Federal, Pacific FX, Bank of America, Bank of International Settlements, Bank of, Mizuho Securities, U.S ., Swiss, Reuters, BNP, Wealth Management, Citi, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Hong Kong, U.S

☆ Were the Fake Trump Signs a Prank? Or a Political Dirty Trick?
▼ + stars: | 2023-10-23 | by ( Dan Barry | More About Dan Barry | ) www.nytimes.com time to read: +1 min

“Which is what I got.”It’s late October again in Greenwich, with leaves turning and campaigns competing. Donald Trump is in the midst of another presidential run, notwithstanding his four criminal indictments. Fred Camillo, who declined to comment other than to say the case was resolved, is running for a third term. And Mark Kordick, forcibly retired police captain, said he is once again thinking of exercising his free-speech rights with a few campaign signs. Signs that might say, in part: “Paid for with proceeds from the settlement of Mark Kordick v. Town of Greenwich et al.”

Persons: Schellenberg, “, ” Mr, Kordick, ”, ” It’s, Donald Trump, Fred Camillo, Mark Kordick Organizations: Town Locations: Greenwich, Greenwich et

☆ Meet the candidates in the running to replace James Gorman as Morgan Stanley's CEO
▼ + stars: | 2023-10-20 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Morgan Stanley CEO James Gorman plans to retire by May 2024, leaving big shoes to fill. AdvertisementAdvertisementSuccession has traditionally been a bloody sport on Wall Street with the losers leaving and taking their lieutenants with them. Morgan Stanley CEO James Gorman, who plans to retire by May 2024, wants the buck the trend so the bank can hold onto all three candidates. "Wall Street has had a history of that not happening," said Gorman in a July earnings call. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, —, Gorman, Morgan, Ted, He's, Tony James, Morgan Stanley's, Pick, Simkowitz, Dodd, Frank, Fannie Mae, Freddie Mac, Dan, Andy Saperstein Saperstein, Merrill Lynch, Bloomberg, Hayley Cuccinello Organizations: Service, Archegos Capital Management, Washington , D.C, Federal Reserve, Treasury, General Motors, AIG, Citigroup, McKinsey, Staten, Disney, Hamptons Locations: Washington ,, hcuccinello@insider.com

☆ This Morgan Stanley veteran is ready to be CEO — it just might be somewhere else
▼ + stars: | 2023-10-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

Morgan Stanley CEO James Gorman plans to retire by May 2024. "Cross-pollinating key leaders across our major businesses further knits the Morgan Stanley culture," Gorman wrote in a memo at the time. Morgan Stanley, which was the lead underwriter, had to step in to prop up the stock. In 2010, Morgan Stanley was picked as one of two lead underwriters — the other being JPMorgan — for the IPO of General Motors. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, He's, Simkowitz, Eaton Vance, Pick, Morgan, Getty, Dan, doesn't, Gorman, Morgan Stanley's, Saperstein, executive's protégé, Andy, Alex, Brown, Ted, she'd, Simkowitz's, Dean Witter Reynolds, Eaton, Calvert, Ruth Porat, Bob Scully, Fannie Mae, Freddie Mac, Will Dotson, Dan Akerson, TIMOTHY A, CLARY, Erik Gordon, Dodd, Frank, David Bieri, Gonzalo Marroquin, Patrick McMullan, Paul Taubman, Colm Kelleher, coheads, John Mack, Phil Purcell, Hayley Cuccinello Organizations: Disney, Harvard, McKinsey, Columbia Business School, Maccabiah Games, Team USA, Maccabi USA, Trenton Almgren, Davis, Lucent, Verizon, Mesa West Capital, JPMorgan, Calvert Research, Management, Facebook, Massachusetts Securities Division, Treasury, JPMorgan —, General Motors, Government Motors, General, New York Stock Exchange, Getty, University of Michigan's Ross School of Business, Citigroup, Virginia Tech, US Securities and Exchange Commission, United States Attorney's Office, Southern, of Locations: Bloomington , Indiana, Trenton, New York, Tokyo and Hong Kong, Boston, Washington, Switzerland, of New York, hcuccinello@insider.com

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. A near-miss on a debt ceiling showdown in the Spring led to the loss of another Triple-A sovereign credit rating. A fiscal adjustment akin to the one enacted in 1993 would be enough to do that again over 5 years. "However, this looks unlikely anytime soon given congressional gridlock, a lack of political attention to deficit reduction and the upcoming 2024 election," it concluded. On current poll readings at least, next year's election will do nothing to end the fiscal war.

Persons: Brendan McDermid, it's, Donald Trump, Democrat Joe Biden, Erik Nielsen, what's, Stephen Jen, Jen, Trump, Biden, Goldman Sachs, Goldman, William Maclean Organizations: New York Stock Exchange, REUTERS, U.S, Presidential, AAA, Democrat, Biden, Trump, Congress, Ukraine, Treasury, Republican, Reuters, GRIDLOCK, Thomson Locations: New York City, U.S, loggerheads, Russia, Ukraine, United States

As Hurricane Lee churned closer to coastal New England on Friday, with winds expected to intensify by nightfall, cruise ships sought refuge in Portland, Maine, and homeowners in Provincetown, Mass., piled sandbags. An arborist in Halifax, Nova Scotia, fielded dozens of calls from residents expecting tree damage. Yet, like others in a region accustomed to powerful nor’easters, if not hurricanes, Mr. Crobar was not particularly fazed by what was coming. “We like to sensationalize the weather, but it’s just a natural part of the earth,” he said. The storm was expected to make landfall in the Canadian province of New Brunswick late on Saturday, but forecasters said its sprawling size meant that severe effects would be felt in New England, too.

Persons: Lee, John Crobar, Crobar, ” Locations: New England, Portland , Maine, Provincetown, Mass, Halifax , Nova Scotia, Sandwich, Cape Cod, Canadian, New Brunswick

☆ A $2 Trillion Deficit for Fiscal 2023
▼ + stars: | 2023-09-13 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Review and Outlook: Joe Biden's low standing in the polls is alarming Democrats about the political risks for 2024, which include his age, the economy and Hunter Biden and the family business. Images: AP/Zuma Press/Reuters Composite: Mark KellyWashington is girding for a spending showdown, as Republicans and Democrats strategize on how to get more of what they want from a divided Congress. But whatever happens in the political drama, the budget reality not to forget is that the deficit for the fiscal year that ends this month is officially projected to be $1.7 trillion, or about $13,500 for every U.S. household.

Persons: Biden's, Hunter Biden, Mark Kelly Washington Organizations: Zuma Press, Reuters, Democrats strategize

[1/2] Republican presidential candidate and Florida Governor Ron DeSantis speaks at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. According to the latest Reuters/Ipsos poll conducted before the debate, 8% of Republicans supported Pence, 7% backed Ramaswamy and 5% supported Haley. SEVERAL CONTENDERSCandidates like Pence, Haley and South Carolina Senator Tim Scott receiving attention from donors and voters is bad news for DeSantis. Jay Zeidman, a Houston-based donor and DeSantis bundler, said "the governor did what he needed to do" at the debate. But DeSantis was hardly mentioned by his rivals, and he ended up speaking less than Pence, Haley and Ramaswamy.

Persons: Ron DeSantis, Brian Snyder, Donald Trump's, Donald Trump, Vivek Ramaswamy, Nikki Haley, Mike Pence, Pence, Ramaswamy, Haley, DeSantis, Trump, Brett Doster, Robert Doar, Tim Scott, assertively, Dan Eberhart, Jay Zeidman, DeSantis bundler, Nikki, Christie, Vivek, Scott, Chris Christie, Gram Slattery, James Oliphant, Alexandra Ulmer, Ross Colvin Organizations: Republican, Florida, REUTERS, Rights, American Enterprise Institute, Trump, South, DeSantis, Reuters, America, New, Thomson Locations: Milwaukee , Wisconsin, U.S, Florida, Milwaukee, Tallahassee, United States, Ukraine, South Carolina, Houston, Texas, New Jersey, California, Washington, San Francisco

[1/2] Republican presidential candidate Ron DeSantis speaks next to Iowa Governor Kim Reynolds during a "Fair-Side Chat" hosted by the governor at the Iowa State Fair in Des Moines, Iowa, U.S., August 12, 2023. The DeSantis campaign, Never Back Down and Axiom did not immediately respond to requests for comment. DeSantis' campaign, which is in charge of the Florida governor's debate preparations, is under no obligation to accept Never Back Down's advice, and it is unclear if they will. Trump, who is by far the frontrunner, has said he is unlikely to take part in the debate, which will take place in Milwaukee. That leaves DeSantis as the top target on the stage, even as his hold on second place is shrinking.

Persons: Ron DeSantis, Kim Reynolds, Evelyn Hockstein, Donald Trump, Vivek Ramaswamy, Joe Biden, Ramaswamy, lobbed, Chris Christie, Trump, Christie, DeSantis, Gram Slattery, James Oliphant, Ross Colvin Organizations: Republican, Iowa, Fair, REUTERS, Rights, The New York Times, Trump, New, DeSantis, Reuters, Thomson Locations: Iowa, Des Moines , Iowa, U.S, New Hampshire, New Jersey, Florida, Milwaukee

Christopher A. Wray, the F.B.I. Mr. Wray, who is appearing for the first time before the House Judiciary Committee since Republicans won the House, is likely girding for the worst. The committee, led by Representative Jim Jordan, Republican of Ohio, says it “will examine the politicization” of the F.B.I. under Mr. Wray and Attorney General Merrick B. Garland. That criticism was once trained on the bureau’s investigation into the Trump campaign’s ties to Russia during the 2016 election.

Persons: Christopher A, Wray, Donald J, Trump, Jim Jordan, General Merrick B, Garland, Stoked, Department’s, Hunter Biden Organizations: Republicans, Committee, Republican, Trump Locations: Ohio, Russia, Lago

☆ Morning Bid: Central bank bonanza, stocks on a roll
▼ + stars: | 2023-06-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Asian markets will turn their attention to a series of central bank meetings after ending last week on a buoyant note. Even beaten-up China stocks managed to end higher on Friday, buoyed the automobile and technology sectors, even as disappointing inflation data weighed on investor sentiment. Reuters Graphics Reuters GraphicsBut investors will largely be girding for the run of major central bank meetings later in the week. A day after its U.S. counterparts, the European Central Bank is expected to raise rates by another 25 basis points, with traders seeking clues about next steps. Ahead of the central bank bonanza, the U.S. dollar had slid back after strengthening in May.

Persons: Lewis Krauskopf, Kazuo Ueda, Diane Craft Organizations: Japan's Nikkei, Reuters Graphics Reuters, Federal, European Central Bank, Bank of Japan, U.S ., India CPI, Thomson, Reuters Locations: Lewis, China, Japan, India, U.S

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