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☆ Far-right origins of false pet-eating claims and Boeing workers to strike: Morning Rundown
▼ + stars: | 2024-09-13 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +6 min

How a fringe claim about immigrants eating pets made it to the mainstream. Boeing workers are set to strike. How a fringe claim about immigrants ‘eating the pets’ made its way to the debate stageIt started as a fringe obsession. “In Springfield they’re eating dogs,” Trump said, referring to an Ohio city dealing with an influx of Haitian immigrants. More 2024 election coverage:Boeing workers set to strike after rejecting contractMore than 30,000 Boeing workers are set to strike today, halting production on most of the company’s aircraft, after staff overwhelmingly rejected a new labor contract.

Persons: ’, Donald Trump, Kamala Harris, ” Trump, Read, Trump’s, Sen, JD Vance, Ohio, “, ”, It’s, Justin Wayne Halstenberg, San Bernardino County Sheriff Shannon Dicus, Halstenberg, Jason Anderson, Trump, Newsmax, Tua Tagovailoa, Edward Caban, Søren Rysgaard, — Evan Bush, there’s, Elizabeth Robinson Organizations: Boeing, “, Facebook, Trump, International Association of Machinists, Aerospace Workers, San Bernardino County Sheriff, Cal Fire, Miami Dolphins, Buffalo Bills, New York, New York City Police, Idaho Supreme, University of Idaho, Ivy League, Danish Army, seismologists, NBC Locations: Springfield , Ohio, Springfield, Ohio, Nazi, Seattle, Oregon, California, San Bernardino County, Southern California, Georgia, New York City, Idaho, Greenland

☆ Greenland: Mystery of a mega-tsunami that made the Earth vibrate for 9 days has been solved
▼ + stars: | 2024-09-13 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

CNN —It started with a melting glacier that set off a huge landslide, which triggered a 650-foot high mega-tsunami in Greenland last September. And no place was immune; the signal traveled from Greenland to Antarctica in about an hour, he added. Eastern Greenland had never experienced a landslide and tsunami like this before, Svennevig said. The threat goes beyond Greenland, Svennevig said; similar-shaped fjordsexist in other regions, including Alaska, parts of Canada and Norway. Recent rock avalanches in the Arctic as well as in Alpine regions, are “an alarming signal,” she told CNN.

Persons: Stephen Hicks, ”, Seismologists, Søren Rysgaard, Svennevig, Dickson, sloshing, “, Hicks, Paula Snook, ” There’s, Lena Rubensdotter Organizations: CNN, University College London, Western Norway University of Applied Sciences, Geological Survey Locations: Greenland, Denmark, Dickson, Dickson Fjord, Antarctica, Eastern Greenland, Alaska, Canada, Norway

☆ Mars study suggests an ocean's worth of water may be hiding beneath the red dusty surface
▼ + stars: | 2024-08-12 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

Mars may be drenched beneath its surface, with enough water hiding in the cracks of underground rocks to form a global ocean, new research suggests. The findings released Monday are based on seismic measurements from NASA’s Mars InSight lander, which detected more than 1,300 marsquakes before shutting down two years ago. Just because water still may be sloshing around inside Mars does not mean it holds life, Wright said. His team combined computer models with InSight readings including the quakes’ velocity in determining underground water was the most likely explanation. Wet almost all over more than 3 billion years ago, Mars is thought to have lost its surface water as its atmosphere thinned, turning the planet into the dry, dusty world known today.

Persons: Vashan Wright, Wright Organizations: University of California San Diego’s Scripps, of Oceanography, National Academy of Sciences

☆ Opinion: How worried should you be about plane turbulence? This flight attendant has advice
▼ + stars: | 2024-07-12 | by ( Opinion Heather Poole | ) edition.cnn.com time to read: +7 min

CNN —As a flight attendant for over 28 years, I’ve had my fair share of bumpy rides. Heather Poole courtesy Heather PooleI’ve spent a lot of time telling them that I wouldn’t be a flight attendant if I felt flying were unsafe. Lately I’ve noticed flight attendants are quicker to stop the service when we begin to experience light turbulence. If you’re a fearful flier and have anxiety, let a flight attendant know, and we’ll go out of our way to check on you if things get bumpy. And once again, Ladies and Gentlemen, a reminder from your flight attendant: Keep your #@$%&!

Persons: Heather Poole, Read, I’ve, Heather Poole I’ve, I’m, I’d, haven’t, there’s, I’ll, Heather Poole What’s, they’ve, doesn’t, it’s, Buckle, we’ll Organizations: Passengers, CNN, Singapore Airlines, Gentlemen Locations: Rocky, New York, Los Angeles

☆ Earth’s inner core has slowed so much it’s moving backward, scientists confirm. Here’s what it could mean
▼ + stars: | 2024-07-05 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +10 min

Comparing the timing of seismic signals as they touched the core revealed changes in core rotation over time, confirming the 70-year rotation cycle. But the depth and inaccessibility of the inner core mean that uncertainties remain, she added. The mysterious region where the liquid outer core envelops the solid inner core is especially interesting, Vidale added. “We might have volcanoes on the inner core boundary, for example, where solid and fluid are meeting and moving,” he said. Because the spinning of the inner core affects movement in the outer core, inner core rotation is thought to help power Earth’s magnetic field, though more research is required to unravel its precise role.

Persons: seismologist Inge Lehmann, —, ”, Lauren Waszek, “, ” Waszek, John Vidale, “ We’ve, ” Vidale, we’ve, what’s, Vidale, Seismologists, Lehmann, Waszek, ” Mindy Weisberger Organizations: CNN, James Cook University, Earth Sciences, University of Southern California’s Dornsife, of Letters, Arts and Sciences, Geological Survey, Scientific Locations: Australia, New Zealand, South Sandwich, South

☆ Fundstrat's Tom Lee is about to raise his year-end forecast for the S&P 500
▼ + stars: | 2024-06-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Fundstrat's Tom Lee, who's been correctly nailing the stock market for the past few years, hinted that he was about to hike his year-end S & P 500 target even with the benchmark at record highs. Lee's 5,800 call would represent another 6% gain for the S & P 500 from current levels. Lee believes a strong force that could help lift the market is the $6 trillion in cash that's in money market funds. Lee would join a host of others on Wall Street who have recently raised their S & P 500 targets. On June 14, Goldman Sachs increased its price target on the S & P to 5,600.

Persons: Fundstrat's Tom Lee, who's, Fundstrat, Lee, Goldman Sachs, Bloomberg Organizations: Bloomberg, Wall, ISI, CNBC Market, Citigroup

☆ America's Economic Plan Will Hurt World Economy, Global Stock Markets
▼ + stars: | 2024-06-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.

Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia

☆ Wall Street Cruel Summer: Stock Market Crash, Inflation Ends Vacation
▼ + stars: | 2024-05-05 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too. That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered. You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach. There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way. The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.

Persons: —, Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's Organizations: Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU Locations: Georgica, Japan

☆ Colin Jost and Scarlett Johansson Lead ‘D.C.-Palooza’
▼ + stars: | 2024-04-27 | by ( Callie Holtermann | ) www.nytimes.com time to read: 1 min

The early arrivals at a party thrown by the Hollywood powerhouse Creative Artists Agency on Friday night seemed to be weighing same question: Just how much could they expect to let loose during this year’s White House Correspondents’ Association Dinner weekend? Their game of chicken did not go on long. By 8 p.m., guests at the talent agency’s event, held at La Grande Boucherie in Washington, were applying temporary tattoos to one another’s necks and trying to prevent their drinks from sloshing onto a baby grand piano. The weekend’s main event, known as “nerd prom,” is a Saturday night banquet at the Washington Hilton Hotel. There, Colin Jost of “Saturday Night Live” plans to gently roast President Biden, who is expected to take the dais and attempt some zingers of his own.

Persons: ”, Colin Jost, “, Biden Organizations: Hollywood, Creative Artists Agency, Washington Hilton Locations: La Grande, Washington

☆ All the data so far is showing inflation isn't going away, and is making things tough on the Fed
▼ + stars: | 2024-04-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Finally, consumers are dipping into savings to fund those purchases, creating a precarious scenario, if not now then down the road. With unemployment under 4%, it shouldn't be that surprising that prices aren't" going down, said Joseph LaVorgna, chief economist at SMBC Nikko Securities. So you might have a sticky inflation scenario." "If inflation remains higher, the Fed will be faced with the difficult choice of pushing the economy into a recession, abandoning its soft-landing scenario, or tolerating inflation higher than 2%," Sanders said. "To us, accepting higher inflation is the more prudent option."

Persons: Justin Sullivan, Joseph LaVorgna, LaVorgna, Donald Trump, Biden, Mike Sanders, Sanders Organizations: Getty, Federal Reserve, Commerce Department, Nikko Securities, National Economic Council, Madison Investments Locations: San Rafael , California, U.S

☆ I went to the elite personal training gym for traders that works your mind and your body at the same time. This may be the future of fitness.
▼ + stars: | 2024-04-06 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +6 min

AdvertisementHer exercise space is a funhouse for grown-ups, located in the middle of downtown Singapore's financial district, the Asian banking capital. It's the NeuroTracker, a brain game developed more than 14 years ago by a Canadian visual perception scientistRelated storiesIt's still a somewhat controversial device. This is ostensibly training my brain to focus, and improving my working memory. Pro athletes in the NFL, NBA, NHL, and MLB have incorporated Neurotracker into their training to level up. Brain training for longevity is still squishy science, for nowBut this training could soon be rolled out wider, buoyed by some research that suggests benefits.

Persons: I'm, Anna Milani, Milani, Lee Sidebottom, Sidebottom, aren't Organizations: Service, NFL, Premier League . Fighter, Business, US Air Force, Manchester United, Atlanta Falcons, Pro, NBA, NHL, MLB Locations: Singapore, Singapore's, Mexico City

☆ 17 crucial upgrades helped SpaceX finally get Starship to space without exploding
▼ + stars: | 2024-03-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

SpaceX's third test launch of its Starship mega-rocket went off without a hitch. SpaceX has made a series of upgrades to the rocket system that helped it finally reach space. As for Starship, SpaceX added three new angled liquid oxygen vents to the underside of the engine skirt that likely helped with attitude control. AdvertisementWhile this was the most successful Starship test launch to date, it didn't achieve all mission objectives. AdvertisementSpaceX officials said the company plans to complete at least six more Starship test flights this year, subject to regulatory approval, Reuters reported.

Persons: —, we've, Siva, Jonathan Newton, cowbell, Starship, it's, Kate Tice Organizations: SpaceX, Service, Federal Aviation Administration, Washington, Getty, FAA, Business, Super, NASA Spaceflight, SpaceX Quality Systems, Reuters Locations: Starbase, Boca Chica , Texas

☆ Data Dump Exposes the Fuzzy Lines Between Money and Politics in India
▼ + stars: | 2024-03-15 | by ( Alex Travelli | Hari Kumar | ) www.nytimes.com time to read: +1 min

Politics in India is an expensive business, and sometimes lucrative, too. In this year’s election, parties are expected to spend more than $14 billion — as much as in the United States. But there has been little in the way of transparency for the huge sums sloshing around. Reading between the lines of the spreadsheets full of names poses questions about the intersection of government and business in India. Construction companies, gambling impresarios, pharmaceutical bosses and many more corporate entities and individuals had forked over $1.7 billion in bonds since 2019.

Persons: Jairam Ramesh, Narendra Modi Organizations: State Bank of India, Indian National Congress, Bharatiya Janata Party of Locations: India, United States

☆ Why Zelensky’s plea will fall on many deaf Republican ears
▼ + stars: | 2024-02-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

CNN —There is a simple reason why many Republicans will snub Ukrainian President Volodymyr Zelensky’s desperate plea for billions of dollars in arms and ammunition. He told CNN’s Kaitlan Collins in an interview in Kyiv Sunday that Republicans such as Trump ally Ohio Sen. J.D. Vance – who have been speaking out against more Ukraine aid – do not comprehend the stakes of the conflict. How Trump transformed the GOPThe Ukraine war funding showdown highlights how America’s domestic politics are already reverberating around the globe. The splits in the GOP over Ukraine were exposed last week when 26 Senate Republicans voted against the bill containing Israel and Ukraine aid while 22 backed it.

Persons: Volodymyr Zelensky’s, Donald Trump, Joe Biden, It’s, Zelensky, CNN’s Kaitlan Collins, Ohio Sen, J.D, Vance –, –, ” Zelensky, Trump, Mitch McConnell, Vladimir Putin, Putin –, III, Biden –, Putin, Alexey Navalny, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Matt Gaetz, ” Trump, Mike Johnson –, Biden, Johnson, ” Jake Sullivan, CNN’s Dana, •, • There’s, Vance, ” Vance, ’ ”, ” Zelensky –, CNN’s Collins, Avdiivka –, he’s Organizations: CNN, America, Republican, Kyiv Sunday, Trump, Ohio, GOP, NATO, Party, Trump Republicans, Conservative Political, Florida, Ukraine, White, Ukraine –, Munich, Conference, Republicans Locations: Europe, Russia, United States, Ukraine, Kyiv, Soviet, Washington, America, Mexico, “ State, South Carolina, European, China, Taiwan, Avdiivka, Israel, There’s

☆ Here's how I see the Fed's rate-cut dilemma playing out — and 5 more themes for 2024
▼ + stars: | 2024-02-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Here's why: The conversion from three or four cuts to two to one to no cuts won't happen overnight. It won't be a headlong rush out of the stock market. As long as enough people think rate cuts are going to occur, there won't be torrent of money going to the sidelines. What else could influence our thinking for 2024 besides this rate-cut dilemma? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Nixon, Goldwater, John Ellis, Steve Schwarzman, Blackstone, There's, we're, It's, Estee Lauder, Eaton, Ingersoll Rand, Nucor, Eli Lilly, —, Zepbound, aren't, Jim Cramer, Jim Organizations: CNBC, Club, Fed, Federal Reserve, U.S, Army, U.S . Army, Republican, Federal Trade Commission, Microsoft, Activision, Wynn Resorts, Apple, Palo Alto Networks, Nvidia, GOP, That's, Caterpillar, it's Novo Nordisk, Jim Cramer's Charitable Locations: Vietnam, Wisconsin , Michigan, Pennsylvania, North Carolina , Georgia, Arizona, Nevada, China

☆ Xi Jinping's high-rank purges show a 'systemic rot' in China's military that could threaten its readiness for war: senior US official
▼ + stars: | 2024-02-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

China's latest military purge shows that it's suffering from more than just graft, a senior US official said. It's likely the PLA's corruption had a material effect on its war capabilities, said Ely Ratner. But, according to Ratner, Xi's latest military purge indicated a more serious problem. Xi's anti-corruption sweep last year extended as high as China's defense minister, Li Shangfu, who was replaced in October. Several top commanders were also fired from China's Rocket Force, a branch that Xi has emphasized as key to Beijing's strength.

Persons: It's, Ely Ratner, Ratner, —, Ryan Evans, Xi Jinping, ", Xi's, Li Shangfu, Xi, hotpot Organizations: Service, Pacific Security Affairs, People's Liberation Army, Communist Party, China's, Force, Bloomberg, PLA, Radio Free, Defense, China Task Force, International Institute for Strategic Studies Locations: Beijing, China, Switzerland

☆ Cramer: Earnings take center stage this week, but don't sleep on the Fed and Treasury
▼ + stars: | 2024-01-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It's ironic: We are at a moment where supply of money and demand for goods are intersecting. We have two markets: the Treasury market and the equity market, with the first more powerful than the second, even if we can't tell that in the scrum of earnings announcements. If the Fed signals more rate cuts, then we will be set up for higher stock prices if the companies deliver good earnings. The possibility of higher earnings so far has been controlled by supply and demand and the disinflation it is breeding, which may continue this week. Hence the power of their earnings to generate the mask of a higher market price-to-earnings ratio.

Persons: We've, Josh Frost, —, disinflation, Tesla, Amy Hood, McCormick, Costco's Kirkland, Jerome Powell doesn't, Price, it's, Dupont —, Dupont, Josh Frost —, Jim Cramer's, Jim Cramer, Jim, Jerome Powell, Brendan Mcdermid Organizations: Treasury, Federal Reserve, Devices, Microsoft, Apple, Financial Markets, Nvidia, Google, Walmart, Starbucks, Fed, Caterpillar, Boeing, Jim Cramer's Charitable, CNBC, New York Stock Exchange

☆ Elon Musk heats up the AI wars. He's seeking $1 billion for xAI.
▼ + stars: | 2023-12-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Elon Musk wants to raise up to $1 billion for his AI startup xAI, according to an SEC filing. AdvertisementElon Musk is looking to raise up to $1 billion to help fund his AI startup xAI. And this isn't Musk's first foray into AI: Years before the billionaire launched xAI, Musk actually cofounded OpenAI with Sam Altman in 2015. But in 2018, Musk left OpenAI because his offer to run the company was rejected, he's said. It comes as there's a lot of money sloshing around AI: OpenAI has reportedly been seeking a share sale that could value it at $90 billion.

Persons: Elon Musk, xAI, —, Elon, ChatGPT, Bard, Meta, Grok, Twitter —, Musk, Sam Altman, he's, Altman, OpenAI, xAI didn't Organizations: SEC, Service, Microsoft, Google, Twitter, Securities and Exchange Commission Locations: —, OpenAI

☆ Average homebuyers are beating out Wall Street landlords
▼ + stars: | 2023-11-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.

Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, —, Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta

☆ Fed's reverse repo facility drawdown looms large in balance sheet debate
▼ + stars: | 2023-10-31 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

Inflows have dropped sharply in recent months to around $1 trillion in the face of the Fed's aggressive policy tightening underway since last year. Fed officials, for their part, have said repeatedly they’ve got a lot of room to cut their holdings of Treasuries and mortgage-backed securities, a process that complements Fed rate increases. So far, reverse repos have “come down very smoothly,” Lorie Logan, president of the Dallas Fed said earlier this month. In his view, if reverse repos stopped contracting that could become a meaningful sign liquidity levels were getting tight enough for the Fed to change gears. "We still have a very large balance sheet" so the balance sheet cuts can likely continue over the next year and half to two years, she said, adding when it comes to getting to the finish line, "it's going to take a while."

Persons: they’ve, ” Lorie Logan, Logan, “ I’ve, Wells Fargo, Roberto Perli, Lou Crandall, Wrightson ICAP, Crandall reckons, Loretta Mester, Michael S, Dan Burns, Andrea Ricci Organizations: Fed, Dallas Fed, New York Fed, Reuters Graphics Reuters, Cleveland Fed, Thomson Locations: Treasuries, Wells

☆ I Didn’t Need a Backyard Tiki Torch, but This Modern Version Made Me Want One
▼ + stars: | 2023-10-17 | by ( Leslie Yazel | ) www.wsj.com time to read: +3 min

By Leslie YazelI’ve never harbored a desire to line my backyard with tiki torches. Enter the Mesa Torch, a relatively new offering from the people who brought you the massively popular Solo Stove and the Solo Pi pizza oven. Like those products, the Mesa Torch has a sleek, modern look that would suit nearly any backyard, landscaped pool area or patio décor. You can use any torch fuel, and some promise to keep away bugs with citronella or other formulas. You should be able to use it for years: The Mesa Torch is made of weather-resistant, cold-rolled steel and comes with a lifetime warranty.

Persons: Leslie Yazel I’ve, Stove Locations: Moana

☆ ECB policymakers eye springtime push to cut payments on banks' deposits, sources say
▼ + stars: | 2023-10-13 | by ( Balazs Koranyi | ) www.reuters.com time to read: +5 min

MARRAKECH, Oct 13 (Reuters) - European Central Bank policymakers are planning a springtime push to cut interest payments made to commercial banks, in part to recoup some of the costs associated with a decade worth of stimulus, sources familiar with discussions said. That would mean overall interest payments to lenders - which still earn the ECB deposit rate, currently 4%, on other excess cash parked with the central bank - would be reduced further. But the ECB rejected the proposal in July, partly on resistance from its Executive Board, the sources said. The board's key argument is that excess liquidity is distributed unevenly across the euro zone and raising the ratio would put an excessive burden on smaller banks with a larger portion of deposits. Deutsche Bank CEO Christian Sewing argued that the change would add to banks' financial burdens and restrict their lending options.

Persons: Bundesbank, Joachim Nagel, Robert Holzmann, Latvia's Martin Kazaks, Isabel Schnabel, Austria's Holzmann, France's Francois Villeroy de, Pierre Wunsch, We're, Schnabel, Deutsche Bank CEO Christian Sewing, Tom Sims, John Stonestreet Organizations: Central Bank, ECB, Austrian, Barclays, Deutsche Bank CEO Christian, Thomson Locations: MARRAKECH

☆ Inflation could come roaring back 1970s-style. Here are 4 reasons why markets should be concerned, according to Deutsche Bank.
▼ + stars: | 2023-10-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

There is still a risk inflation expectations spiral out of control, Deutsche Bank warned. Monetary policy has already been tightened dramatically, with the Fed having hiked interest rates 525 basis-points to slow surging prices. Long-term inflation expectations also remain close to the Fed's 2% price target, with 1-year and 5-10 year inflation expectations falling between 2%-4%. AdvertisementAdvertisementEasing monetary policy to aid growth may also be out of the question, given how sticky inflation has proven to be. As inflation inches closer to its target, markets put more pressure on the Fed to slash interest rates, as higher borrowing costs weigh heavily on asset prices.

Persons: — Organizations: Deutsche Bank, Fed, Service Locations: Europe

☆ An etiquette expert shares 7 rookie mistakes people make while drinking
▼ + stars: | 2023-10-06 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +6 min

William Hanson an etiquette coach shares the 7 drinking mistakes most people make at celebrations. AdvertisementAdvertisementDining skills are one thing we work on at The English Manner, along with drinking etiquette. Here are seven mistakes people might make while drinking at formal events and celebrations. They won't break as easily as formal glasses that are finely made. Drinking from a bottleOne way to elevate your sophistication is to unscrew the bottle and pour your drink into your glass.

Persons: William Hanson, —, Alexandrea, Queen Elizabeth II, Richard, isn't you'll, you've, I've, Alyshia Organizations: Service, Royal Household, Alyshia Hull Locations: Britain, America, ahull@insider.com

☆ No strong case for jacking up bank charges: ECB's Wunsch
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Sept 21 (Reuters) - There are no strong arguments for the European Central Bank to increase mandatory reserves for banks, Belgian central bank chief Pierre Wunsch said on Thursday, weighing in on a key debate about a potential move to tighten policy further. The ECB cut to zero the rate it pays to banks on mandatory reserves earlier this year. Some policymakers are now pushing for an increase in the reserve requirement, in part to reduce losses associated with the multi-trillion-euro pool of excess liquidity sloshing around banks. "I don't see any strong argument for using movements in the reserve requirements when we still have this huge portfolio (of bonds) that we can reduce," Wunsch told the Reuters Global Markets Forum. But Wunsch said that reducing central bank losses should not be the objective of monetary policy and changing the rules now could make commercial banks wary of taking part in future stimulus schemes.

Persons: Pierre Wunsch, Wunsch, Banks, Divya Chowdhury, Balazs Koranyi, Jane Merriman, Chizu Organizations: European Central Bank, ECB, Reuters Global Markets, Thomson Locations: Belgian, Mumbai

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