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☆ A credit card Christmas: Taking on shopping debt carries more risk this holiday season
▼ + stars: | 2023-10-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

This holiday season, shoppers who ring up purchases on credit cards will pay more interest if they carry balances from month to month after the Federal Reserve's string of rate hikes. Already, investors and retailers have paid closer attention to credit card payments — and some have cited them as a concern. The company, which has its own branded credit cards, has seen lower revenues from those cards because of costs associated with bad debt and related write-offs. Mitchell said student debt, auto loans and mortgages have all become bigger burdens in a high interest rate environment. For retailer-issued cards, the average interest rate is nearly 30%, a record high, according to data from Bankrate.

Persons: Alexi Rosenfeld, Aditya Bhave, Bhave, Taylor Swift, Wall, Adrian Mitchell, Mitchell, Doug McMillon, Tim Quinlan, Wells, Quinlan Organizations: Getty, Shoppers, Bank of America, Consumers, Walmart, U.S . Federal Reserve Locations: New York City, Wells Fargo

MILWAUKEE (AP) — Damian Lillard acknowledged this season opener felt a little different from the others as he adjusted to switching teams for the first time. Lillard scored 39 points and the Milwaukee Bucks regrouped after blowing a 19-point lead to beat the Philadelphia 76ers 118-117 on Thursday night. Lillard had the highest point total for a player making his Bucks debut, surpassing the 34 that Terry Cummings scored in 1984. The 76ers scored seven straight points to get the margin down to two, but Lillard answered by sinking another 3-pointer with 1:13 left. Harden arrived at the 76ers’ complex in Camden, New Jersey, on Wednesday but was told not to accompany the team to Milwaukee.

Persons: — Damian Lillard, Lillard, Terry Cummings, ” Lillard, I've, It's, Giannis Antetokounmpo, Kareem Abdul, Jabbar, Tyrese Maxey, Kelly Oubre Jr, Joel Embiid, Grayson Allen, “, Antetokounmpo, You’ve, you've, Tobias Harris, Adrian Griffin, Griffin, Nick Nurse, ” Nurse, James Harden, Daryl Morey couldn’t, Harden, Nurse, ___ Organizations: MILWAUKEE, NBA, Milwaukee Bucks, Philadelphia 76ers, Bucks, 76ers, Milwaukee, ”, Toronto Raptors, NEXT, Toronto, Atlanta Hawks Locations: Portland, Milwaukee, ” Bucks, Camden , New Jersey

ARLINGTON, Texas (AP) — Former President George W. Bush, the former Rangers owner, will throw out the ceremonial first pitch before Texas plays the Arizona Diamondbacks in the World Series opener on Friday night. This will be Bush's fourth World Series ceremonial first pitch but his first before an opener. Bush was U.S. president from 2001-09 and threw out the ceremonial first pitch before Game 3 of the 2001 World Series at Yankee Stadium between New York and Arizona. Bush, before Game 4 of the 2010 World Series in Texas and before Game 5 of the 2017 World Series in Houston. Former Rangers star Adrián Beltré will throw out the ceremonial first pitch before Game 2 to Rangers Hall of Famer Ferguson Jenkins.

Persons: George W, Bush, Eddie Chiles, Derek Jeter, ” Bush, George H.W, George H.W . Bush, Thomas Hicks, Ray Davis, Iván Rodríguez, Adrián, Rangers Hall of Famer Ferguson Jenkins, H.E.R, Pearl Peterson, ___ Organizations: Rangers, Texas, Arizona Diamondbacks, Yankee, Yankees, Rangers Hall of Fame, Major League Baseball, Former Rangers, Rangers Hall of, Girls Locations: ARLINGTON , Texas, Texas, U.S, New York, Arizona, George H.W ., Houston

☆ Polish bishop resigns amid alleged sex scandal at diocese
▼ + stars: | 2023-10-25 | by ( Lindsay Isaac | Antonia Mortensen | ) edition.cnn.com time to read: +1 min

CNN —The Vatican has accepted the resignation of a Polish bishop who stepped down after a sex scandal involving clergy from his diocese in the southern Polish city of Sosnowiec. According to Poland’s state news agency, the parish has been hit by a string of scandals over the past few years involving priests under the administration of Bishop Grzegorz Kaszak. The allegations that precipitated the bishop’s resignation are connected to an incident in September, widely reported in Polish media, in which a priest identified as Fr. Tomasza Z allegedly hosted several other priests and a male prostitute at his apartment. Tomasza Z has since been dismissed, according to PAP.

Persons: Bishop Grzegorz Kaszak, Kaszak, Nunciature, “, Father Francis, Bishop of Sosnowiec, Adrian Galbas, Tomasza, Tomasza Z Organizations: CNN, of Locations: Polish, Sosnowiec, of Sosnowiec, Katowice

☆ ATP roundup: Top seed Holger Rune rallies in Basel
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

1 seed Holger Rune of Denmark bounced back from a rough first set to beat Serbia's Miomir Kecmanovic 1-6, 7-5, 6-3 in first-round action at the Swiss Indoors Basel on Tuesday. Rune overcame four double faults and 15 unforced errors by winning 30 of his 43 first-service points (69.8 percent). 4 seed Hubert Hurkacz of Poland beat Serbia's Dusan Lajovic 7-6 (2), 6-3, while fifth seed Alex de Minaur of Australia beat Diego Schwartzman of Argentina 6-4, 6-4. 4 seed Stefanos Tsitsipas of Greece beat home-country favorite Dominic Thiem 7-6 (5), 6-4 in the first round in Vienna, Austria. 3 seed Andrey Rublev of Russia defeated Australia's Alexei Popyrin 7-6 (5), 6-4, and American sixth seed Tommy Paul took care of Frenchman Alexandre Muller 6-3, 6-1.

Persons: Holger Rune, Brandon Nakashima, Aly, Denmark, Serbia's, Rune, Hubert Hurkacz, Serbia's Dusan Lajovic, Alex de Minaur, Diego Schwartzman, Nicolas Jarry of, Frenchman Adrian Mannarino, Tallon Griekspoor, Russian Alexander Shevchenko, Dominic Stricker, Dominic Thiem, Tsitsipas, Andrey Rublev, Australia's Alexei Popyrin, Tommy Paul, Frenchman Alexandre Muller, Frances Tiafoe, Daniel Evans of Great, Grigor Dimitrov of, Tomas Machac, Lorenzo Sonego Organizations: Shanghai, Sports City Arena, U.S, REUTERS, Swiss, Basel, Australia, Erste Bank, Russia, Thomson Locations: Shanghai, China, Poland, Argentina, Nicolas Jarry of Chile, Netherlands, Russian, Swiss, Greece, Vienna, Austria, American, U.S, Daniel Evans of Great Britain, Grigor Dimitrov of Bulgaria, Czech

☆ NHL roundup: Knights extend franchise-record perfect start
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +10 min

Paul Cotter and Ivan Barbashev also scored goals, Jack Eichel had two assists and Logan Thompson finished with 26 saves for the Golden Knights. Pheonix Copley made 24 saves in his second start as the Kings won for the third time in four games. Ryan Johansen scored twice, Rantanen had a goal and three assists and Cale Makar added a goal and two assists. Zemgus Girgensons added a goal for Buffalo, and Ukko-Pekka Luukkonen made 34 saves in his first start of the season. Blake Coleman scored for the Flames, who have lost three straight games.

Persons: Shea Theodore, Brayden McNabb, Stephen R, Paul Cotter, Ivan Barbashev, Jack Eichel, Logan Thompson, Noah Cates, Cam Atkinson, Carter Hart, Jeremy Swayman, Pavel Zacha, Matthew Poitras, Trent Frederic, Petr Mrazek, Kopitar, Trevor Lewis, Trevor Moore, Blake Lizotte, Kevin Fiala, Adrian Kempe, Pheonix Copley, Jack McBain, Nick Bjugstad, Clayton Keller, Phillip Di Giuseppe, Nils Hoglander, Thatcher Demko, Ilya Mikheyev, Colton Sissons, Kiefer Sherwood, Jordan Eberle, Eberle, Jared McCann, Jaden Schwartz, Tye Kartye, McCann, Dylan Larkin, Joe Veleno, Shayne Gostisbehere, Alex DeBrincat, Nathan Mackinnon, Bowen Byram, Mikko Rantanen, Ryan Johansen, Rantanen, Cale Makar, Ross Colton, Alexandar Georgiev, Cal Clutterbuck, Simon Holmstrom, Kyle Palmieri, Anders Lee, Noah Dobson, Jean, Gabriel Pageau, Ilya Sorokin, Anthony Stolarz, Carter Verhaeghe, Sam Reinhart, Kevin Stenlund, Fabian Zetterlund, Mackenzie, Jonas Johansson, Johansson, Alex Barre, Boulet, Nick Paul, Nikita Kucherov, Tage Thompson, Jeff Skinner, Alex Tuch, Casey Mittelstadt, Zemgus Girgensons, Pekka Luukkonen, Mathieu Joseph, Vladimir Tarasenko, Ottawa's Jakob Chychrun, Josh Norris, Anton Forsberg, Joonas Korpisalo, Ryan Hartman, Mats Zuccarello, Joel Eriksson Ek, Jake Middleton, Kirill Kaprizov, Filip Gustavsson, Warren Foegele, Evan Bouchard, Evander Kane, Jack Campbell, Connor McDavid, Morgan Rielly, Auston Matthews, John Tavares, William Nylander, Joseph Woll, Alex Ovechkin, Darcy Kuemper, Frank Vatrano, Anaheim's Ryan Strome, Brett Leason, Lukas Dostal, Adam Fantilli, Emil Bemstrom's, Jack Roslovic, Fantilli, Dostal, Jack Hughes, Tyler Toffoli's, Hughes, Jose's Patrick Marleau, Joe Thornton, Edmonton's Connor McDavid, Justin Barron, Mike Matheson, Cayden Primeau, Connor Hellebuyck, Louis, Kyle Connor, Mason Appleton, David Gustafsson, Morgan Barron, Pavel Buchnevich, Robert Thomas, Jordan Binnington, Erik Gustafsson, Igor Shesterkin, Alexis Lafreniere, Chris Kreider, Filip Chytil, Shesterkin, Blake Coleman, Jacob Markstrom, Jason Robertson, Thomas Harley, Evgenii Dadonov, Wyatt Johnston, Jake Oettinger, Bryan Rust, Alex Nedeljkovic Organizations: Vegas Golden Knights, Philadelphia Flyers, Mobile, NHL, Stanley, Golden Knights, Philadelphia, Bruins, Blackhawks, Chicago, Coyotes, Los Angeles, Los, Kings, Canucks, Predators, Vancouver, Nashville, Red Wings, Seattle, Detroit, Wings, Avalanche, Islanders, New, Cal, Panthers, Sharks, Hurricanes, Tampa Bay, Senators, Buffalo, Ottawa, Sabres, Oilers, Edmonton, Maple Leafs, Capitals, Toronto, Washington, Ducks, Blue Jackets, Columbus, Nationwide, . Blue Jackets, Canadiens, New Jersey, Montreal, New Jersey's, Jets, Blues, Winnipeg, St, Rangers, Flames, Penguins, Thomson Locations: Las Vegas , Nevada, USA, Las Vegas, Vegas, Boston, Arizona, Los Angeles, Colorado, New York, Florida, San Jose, Sunrise, Fla, Mackenzie Blackwood, Carolina, Minnesota, Anaheim, New, Calgary, Dallas, Pittsburgh

MILWAUKEE (AP) — Giannis Antetokounmpo wanted to make sure his contract status didn't distract the Milwaukee Bucks as they made a run at another championship. Antetokounmpo, 28, explained his decision Tuesday, one day after announcing on social media he had agreed to the extension. Antetokounmpo signed the extension and then gave the pen to his mother, who owns the pens from all the contracts he has signed since joining the NBA. Antetokounmpo said he realized he could benefit financially by signing now and then again in 2026 when he's eligible for another extension. Antetokounmpo said he also followed some advice from his older brother, Bucks teammate Thanasis Antetokounmpo.

Persons: — Giannis Antetokounmpo, ” Antetokounmpo, Oh, Giannis, “, Antetokounmpo, Mike Budenholzer, Adrian Griffin, Damian Lillard —, ” Griffin, Thanasis Antetokounmpo, Thanasis, — Antetokounmpo, Khris Middleton, Lopez —, Lopez, Middleton, “ It’s, ” Organizations: MILWAUKEE, Milwaukee Bucks, Bucks, Miami Heat, Milwaukee, NBA, Portland Trail Blazers Locations: Greece, Milwaukee

ST. LOUIS (AP) — An off-duty St. Louis County officer accused of displaying his badge and firing into the air at a trick-or-treating event no longer is employed at the agency, a police spokesperson confirmed Monday. Matthew McCulloch was no longer working at the department as of Thursday, St. Louis County Police officer Adrian Washington said in an email. Washington declined to comment on whether McCulloch was fired or quit, describing it as a personnel matter. Police said McCulloch told multiple attendees that “you are all going to die,” according to the probable cause statement. McCulloch then shot into the air at least a dozen times “while shouting that all attendees would die,” police alleged.

Persons: Matthew McCulloch, Adrian Washington, McCulloch, treaters Organizations: LOUIS, Police, Kirkwood . Police Locations: Louis, St, Washington, Kirkwood

NEW YORK (AP) — On the 400th anniversary of Shakespeare's First Folio, rare originals are being displayed and publishers are offering collectors editions of Shakespeare's plays, including one that sells for $1,500. The British Museum is collaborating with Rizzoli Books in New York on “Shakespeare’s First Folio: 400th Anniversary Facsimile Edition,” contained within a slipcase cover. Besides Doran's introduction, the Folio Society release includes a foreword by Dame Judi Dench. “In an era when everything seems disposable, I feel like there's a good market for fine editions of classic books,” says Folio Society publishing director Tom Walker. “You can buy a Ben Jonson folio for a few thousand dollars; a Shakespeare folio will cost you millions.

Persons: Shakespeare's, Mr, William Shakespeares, Shakespeare, “ Macbeth, ”, ” Gregory Doran, Adrian Edwards, George R.R, Martin's, Dame Judi Dench, Neil Packer, “, Tom Walker, Chris Laoutaris, Ben Jonson, Benjamin Jonson ”, Henry, Emily Folger, Sir George Grey, ” Laoutaris, ’, James Shapiro Organizations: Royal Shakespeare Company, British Museum, New York Public Library, British, Rizzoli Books, Folio Society, Folio, Shakespeare Institute, Avon, Columbia University Locations: New York, London, playwright's, Stratford, British, Australia, New Zealand, South Africa, United States, United Kingdom, Japan, Germany, France

☆ Tesla Cybertruck's unique, angular design makes it difficult to manufacture, slowing production
▼ + stars: | 2023-10-20 | by ( Lloyd Lee | Tim Levin | ) www.businessinsider.com time to read: +3 min

One issue is the Cybertruck's design, which experts have said will pose manufacturing challenges. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk pointed to the unique design of the vehicle, which he said is packed with "a lot of new technology," that makes manufacturing the Cybertruck at high volumes an immense challenge. What makes the truck unique — its angular design and stainless steel body — is a large part of the problem, Musk and experts have said.

Persons: Tesla, Elon Musk, —, Musk, Adrian Clarke, Clarke, Raj Rajkumar Organizations: Service, CNBC, Fast Company, Carnegie Mellon University, Wired

For many if not most Republican primary voters, Mr. Trump is the equivalent of an incumbent president (and to some, he still is president), and incumbents generally get renominated with ease. Several members of the group had positive things to say about Ron DeSantis, Nikki Haley and some of the other candidates. So far, the other Republican candidates for president aren’t breaking through and giving these voters reasons to pass on Mr. Trump’s candidacy. And how do you attack and beat Mr. Trump when so few Republicans — including these 11 — want to see Mr. Trump attacked? The group made some suggestions for how to appeal to them and called out dimensions of Mr. Trump that they don’t like.

Persons: Donald Trump’s, Trump, Ron DeSantis, Nikki Haley, Robert F, Kennedy Jr, aren’t, Trump’s, hasn’t Organizations: Republican, Mr Locations: Iowa

LOS ANGELES (AP) — Burt Young, the Oscar-nominated actor who played Paulie, the rough-hewn, mumbling-and-grumbling best friend, corner-man and brother-in-law to Sylvester Stallone in the “Rocky” franchise, has died. Young had roles in acclaimed films and television shows including “Chinatown,” “Once Upon a Time in America" and “The Sopranos.”But he was always best known for playing Paulie Pennino in six “Rocky” movies. The short, paunchy, balding Young was the sort of actor who always seemed to play middle-aged no matter his age. It won three, including best picture. In 1985's “Rocky IV” he reprograms a robot Rocky gives him into a sexy-voiced servant who dotes on him.

Persons: — Burt Young, Oscar, Paulie, Sylvester Stallone, Young, Anne Morea Steingieser, Paulie Pennino, Rocky, balding Young, ”, packer, Adrian, Talia Shire, Rocky Balboa, Stallone, Rocky ”, Burgess Meredith, Jason Robards, IV, dotes, ” Young, “, Lee Strasberg, Jack Nicholson's, Jake Gittes, Sergio Leone's, Robert De Niro, Rodney Dangerfield, Jennifer Jason Leigh, Bobby Baccalieri, Gloria, Robert Organizations: ANGELES, New York Times, Instagram, Marine Corps, Actors, Miami Locations: Los Angeles, America, Philadelphia, “, Queens , New York, Brooklyn

☆ Oscar-nominated 'Rocky' actor Burt Young dead at 83
▼ + stars: | 2023-10-19 | by ( Steve Gorman | ) www.reuters.com time to read: +2 min

[1/2] Cast member Burt Young waves at the world premiere of 'Rocky Balboa' at the Chinese theater in Hollywood, California December 13, 2006. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Oct 18 (Reuters) - Veteran character actor Burt Young, best known and Oscar nominated for his role as the brother-in-law and meat-cutting friend to Sylvester Stallone's prize-fighting protagonist in the "Rocky" films has died at age 83, his manager said on Wednesday. The role of Paulie, who was also the brother of Rocky's painfully shy love interest and soon-to-be wife, Adrian (she marries Balboa in "Rocky II"), earned Young an Academy Award nomination for best supporting actor. Young reprised the Paulie role in all six of the original "Rocky" sequels. In later years, Young made a name as painter, whose works were displayed in galleries around the world.

Persons: Burt Young, Rocky Balboa, Mario Anzuoni, Oscar, Sylvester Stallone's, Anne Morea Steingieser, Lynda Bensky, Gerald Tommaso DeLouise, Lee, Paulie Pennino, Paulie, Rocky's, Adrian, Balboa, Young, Pope, Steve Gorman Organizations: REUTERS, New York Times, Reuters, U.S . Marine Corps, Lee Strasberg's, Young, Greenwich, Rockford, Los Angeles Our, Thomson Locations: Hollywood , California, Los Angeles, New York City's Queens, Philadelphia, America

Fontes’s office told the group last month that it is obligated to accept filings from candidates even if party leaders reject them. No Labels has drawn extra scrutiny in Arizona, one of a dozen states where it has secured ballot access for a potential presidential candidate. By refusing to nominate candidates for state offices, No Labels argues it is not subject to Arizona’s campaign finance disclosure laws. The party argues state law allows political parties to participate only in elections that they choose and the U.S. Constitution protects the party’s right to freely associate or not associate with candidates. Candidates have filed statements of interest to run for U.S. Senate and Arizona Corporation Commission, the state’s utility regulator.

Persons: Adrian Fontes, who's, Joe Biden, Biden, they're, ”, Benjamin Chavis Jr, Colleen Connor, Richard Grayson, Donald Trump Organizations: PHOENIX, Democratic, Constitution, NAACP, Fontes, Democrat, U.S . Senate, Arizona Corporation Commission, Corporation Locations: Arizona, Phoenix, U.S

☆ Philippines denounces China for 'dangerous and offensive' actions in South China Sea
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

A Chinese navy ship is seen sailing in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File Photo Acquire Licensing RightsMANILA, Oct 16 (Reuters) - The Philippine military has called out China to stop "unsafe actions" in the South China Sea, after a Chinese navy ship shadowed and attempted to cut off a Philippine navy vessel conducting a resupply mission late last week. A Chinese People's Liberation Army Navy (PLAN) vessel came as close as 350 yards as it tried to cross in front of the Philippine ship near Thitu island, Manila's biggest and most strategically important outpost in the South China Sea, according to armed forces chief Romeo Brawner. It was the latest in a series of attempts by China to monitor and block Philippine resupply missions to personnel in Manila-occupied features in the Philippines' exclusive economic zone in the South China Sea. China's claims sovereignty to almost the entire South China Sea, through which more than $3 trillion of trade passes each year.

Persons: Adrian Portugal, Romeo Brawner, Brawner, Ferdinand Marcos, Neil Jerome Morales, Gerry Doyle Organizations: REUTERS, Rights, Philippine, Liberation Army Navy, PLAN, China's PLAN, Washington, Thomson Locations: South China, Rights MANILA, China, Philippine, Thitu, Manila, Philippines, Beijing

☆ Poland holds high-stakes election amid rows over democratic rule
▼ + stars: | 2023-10-15 | by ( Justyna Pawlak | ) www.reuters.com time to read: +4 min

[1/2] Robert Biedron, Wlodzimierz Czarzasty, Anna Maria Zukowska, Joanna Scheuring-Wielgus, Adrian Zandberg and Magdalena Biejat of the New Left (Nowa Lewica) alliance gesture during the final day of campaigning for the parliamentary elections in Warsaw, Poland, October 13, 2023. Opinion polls suggest PiS will come out ahead but could lose its majority amid intensifying discontent over its democratic record, which has cost Poland billions of euros in EU aid, and concerns over women's rights and the cost of living. "This election will show whether Poland will be governed by Poles, or by Berlin or Brussels," PiS leader Jaroslaw Kaczynski told supporters at the party's last campaign rally on Friday. It has built its support on generous social handouts, which it says rival parties will stop. Tusk says his party would maintain social support.

Persons: Robert Biedron, Wlodzimierz Czarzasty, Anna Maria Zukowska, Joanna Scheuring, Adrian Zandberg, Magdalena Biejat, PiS, Jaroslaw Kaczynski, Donald Tusk, Tusk, Rafal Trzaskowski, Pawel Florkiewicz, Giles Elgood Organizations: New, Law and Justice, European Union, EU, NATO, liberal Civic Coalition, European, Warsaw, Confederation, JPMorgan, Thomson Locations: Warsaw, Poland, Slawomir, WARSAW, Ukraine, Washington, Kyiv, Berlin, Brussels, Skarzysko Kamienna, Kalisz

James Hoye will be the umpire crew chief for the American League Championship Series between Houston and Texas, and Dan Iassogna will head the group working the National League series between Arizona and Philadelphia. Seven-man crews will work each series, with one umpire off each game, Major League Baseball said Friday. Mark Ripperger will call balls and strikes in Game 2, followed by Hoye, Eddings, Hudson, Baker and Bellino. Carlos Torres will call balls and strikes in the second game, followed by Iassogna, Muchlinski, Barksdale, Gibson and Hamari. Political Cartoons View All 1209 ImagesMike Estabrook, Jeremie Rehak and Chris Segal will be the replay umpires at the video center in the commissioner’s office.

Persons: James Hoye, Dan Iassogna, Stu Scheurwater, Hoye, Doug Eddings, Marvin Hudson, Jordan Baker, Dan Bellino, Mark Ripperger, Baker, Bellino, Andy Fletcher, Iassogna, Mike Muchlinski, Lance Barksdale, Tripp Gibson, Adrian Hamari, Carlos Torres, Gibson, Mike Estabrook, Jeremie Rehak, Chris Segal, ___ Organizations: American League, National League, Major League Baseball, AL, Monday’s NL, Barksdale Locations: Houston and Texas, Arizona, Philadelphia, Eddings, Hudson, Monday’s

[1/4] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The IMF adjusted this year's stress test to probe the impact of its baseline economic scenario of higher interest rates for longer, as well as the possibility of consumers yanking deposits. "Under the baseline, it's about 5% of banks that are relatively weak in terms of their capital. And in severe stress, that number goes up to 30% or sometimes higher," Adrian said. The IMF did not identify the banks that could be in trouble if those economic circumstances arose, but they included both small and large lenders.

Persons: Yuri Gripas, Tobias Adrian, Adrian, There's, Pete Schroeder, Michelle Price, Paul Simao Organizations: Monetary Fund, REUTERS, Rights, International Monetary Fund, IMF, Valley Bank, Switzerland's Credit Suisse Group, Monetary, Capital Markets Department, Palestinian, World Bank, U.S, Thomson Locations: Washington , U.S, California, Israel, Gaza, Marrakech, Morocco, Italy, Federal, U.S

☆ The IMF warns of bond market risks amid fears of a Silicon Valley Bank repeat
▼ + stars: | 2023-10-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The IMF warned of bond market risks amid fears of a Silicon Valley Bank repeat. Sharp rises in bond yields could pose a risk to banking portfolios, as happened earlier this year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe sharp rise in Treasury bond yields provoked warnings from the International Monetary Fund, which called on regulators to increase their financial markets oversight. In March, Silicon Valley Bank was forced to sell its bond holdings at a major loss, sparking a flight in deposits that triggered its collapse along with other lenders.

Persons: Tobias Adrian, Sharp, —, Adrian, Michael Barr Organizations: Financial Times, Service, International Monetary Fund, Silicon Valley Bank, Federal Reserve, American Bankers Association Locations: Silicon Valley, China, Europe, United States

☆ Fact Check: Katie Hobbs did not step down as governor of Arizona
▼ + stars: | 2023-10-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Arizona governor Katie Hobbs did not step down from her position, contrary to claims shared online following a brief visit by Hobbs out of state. Arizona treasurer Kimberly Yee was temporarily serving as acting governor in line with Arizona state constitution which requires the transfer of power while a governor is out of state. This prompted Yee to serve as acting governor in their absence. Hobbs returned to Arizona on Sept. 28, 2023, and gave a speech at the Tempe Center for the Arts. Arizona Governor Katie Hobbs did not step down from her role.

Persons: Katie Hobbs, Hobbs, Kimberly Yee, Adrian Fontes, Kris Mayes, Fontes, Mayes, Yee, “, ” Yee, Christian Slater, ‘ Hobbs, Alejandro Mayorkas, ’, Read Organizations: Washington D.C, AZ Central, Republican, Fox News, Washington , D.C, Homeland, Tempe Center, Arts, Reuters, Thomson Locations: Arizona, Washington, “ Arizona, Washington ,

☆ Why Red Bull’s RB19 is one of the most dominant F1 cars ever
▼ + stars: | 2023-10-06 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +9 min

However, Red Bull Racing’s 2023 competitor, the RB19, has absolutely fried the system and blown past the boundaries of what appeared possible in this sport. Mark Thompson/Getty ImagesNewey has been designing F1 cars since 1988 and has won 12 Constructors’ Championships, split between his time at Williams, McLaren and Red Bull. Red Bull team principal Christian Horner has described Newey as “the only bloke that can see air” in an interview with Red Bull. And Mercedes eventually ceded its position at the summit of F1 to Red Bull in 2022 after being in control for much of the turbo-hybrid era. But it does raise the question: how far can Red Bull go?

Persons: Red Bull, Max Verstappen, we’ve, Lawrence Barretto, It’s, Edd Straw, Sergio Pérez, Ferrari’s Carlos Sainz, Sebastian Vettel’s, Bull, Verstappen, Vettel, Michael Schumacher’s, Mercedes ’, Mark Thompson, Lewis Hamilton, ”, “, ” Verstappen, Hamilton, Adrian Newey, Newey, Red, McLaren, –, Christian Horner, Straw, Max, “ We’ve, Michael Schumacher, Mercedes, hasn’t, he’s, Clive Mason, Lewis, Michael, Seb, Roger Federer’s, Bill Belichick, Tom Brady, Clive Rose, Bull won’t, George Russell, ” Horner Organizations: CNN, ”, CNN Sport, “, Suzuka, Singapore, Prix, Verstappen, Monza, Austrian, FIA, Sky Sports, Bulls, Constructors, Williams, Ferrari, Getty, BBC Radio Locations: Miami, Qatar, Austrian, ”, New England

☆ Near collision, tense encounter as Beijing flexes muscles in the South China Sea
▼ + stars: | 2023-10-06 | by ( Adrian Portugal | ) www.reuters.com time to read: +3 min

[1/5] A Chinese maritime militia vessel is seen sailing in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File photo Acquire Licensing RightsNEAR THE SECOND THOMAS SHOAL, South China Sea, Oct 6 (Reuters) - The crew of the Philippine coastguard boat watch anxiously as an imposing Chinese vessel draws near and cuts off its path, coming within a metre of collision in a vast stretch of open water in the South China Sea. Tense encounters like this, about 100 miles (185 km) off the Philippines and witnessed by a Reuters journalist, are becoming more frequent in Asia's most contested waters as China presses its claim of ownership over almost the entire South China Sea. China condemned the resupply mission, saying Philippine vessels had "intruded" in its waters in the Spratly Islands without its permission. The stakes are high if this brinkmanship turns to miscalculation in the South China Sea.

Persons: Adrian Portugal, Thomas, Jay Tarriela, Karen Lema, Martin Petty Organizations: REUTERS, THOMAS, Philippine coastguard, BRP, coastguard, Philippine, Reuters, Beijing, Mutual Defense Treaty, Pentagon, Thomson Locations: South China, Philippines, China, Philippine, Beijing, Sierra Madre, Spratly, Manila, Washington, United States, South

☆ A First Look Inside the Studio of an Art-World Giant
▼ + stars: | 2023-10-05 | by ( Sarah Medford | Photography Adrian Gaut For Wsj. Magazine | ) www.wsj.com time to read: 1 min

THE BOX from abroad was small and nondescript. Inside, bubble-wrapped packets of aluminum foil were twisted into arcs and circles, some sprouting multipronged feet. “The customs agents opened the box and were unwrapping the foils—like, ‘Hey, what’s in here?’ ” says Prudence Fairweather, the recipient of the 2012 shipment. Inside were original models for large-scale sculpture by her late husband, John Chamberlain, who’d shaped each one by hand. They were bound for a retrospective of his work at New York’s Guggenheim Museum.

Persons: ’ ”, Prudence Fairweather, John Chamberlain, who’d, “, ” Organizations: New York’s Guggenheim Museum

☆ Apple considered buying Bing from Microsoft in 2018
▼ + stars: | 2023-10-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Apple executives have said they picked Google because it's the best search engine, not primarily because of Google's payments. The deal with Microsoft wasn't completed and Giannandrea said he believed Apple CEO Tim Cook told Microsoft it wasn't going forward. Google pays Apple as much as $19 billion per year to be the default search engine on Apple products, according to an estimate . Microsoft was interested in Apple paying for improvements to the search engine, Giannandrea said, including expanding it to additional international markets. He also compared Bing and Google search in 2021 to see the progress Microsoft had made and found Google was significantly better at mobile queries.

Persons: Gabriel Weinberg, Apple, Giannandrea, Adrian Perica, Bing, Microsoft wasn't, Tim Cook, Siri, Apple's, John Giannandrea, he's, Cook, Satya Nadella Organizations: Google, Apple, Department, Bing, Microsoft, CNBC, DOJ

☆ Apple rejected opportunities to buy Microsoft’s Bing, integrate with DuckDuckGo
▼ + stars: | 2023-10-05 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

But it also shows how Apple has wrestled with Google’s rise and how some at Apple yearned for “optionality.” Apple didn’t immediately respond to a request for comment. (Last week, Nadella testified that he has spent every year of his tenure as CEO trying to persuade Apple to adopt Bing.) He made a similar argument internally about DuckDuckGo, saying in an email that moving ahead with that partnership was “probably a bad idea.” (DuckDuckGo licenses search results from Bing.) Still, Giannandrea testified, some within Apple thought that dealing with Bing in some fashion could yield benefits to Apple. Apple today has the enormous resources to build a true rival to Google, Giannandrea testified.

Persons: Microsoft’s Bing, they’ve, Gabriel Weinberg, John Giannandrea, Apple, Apple didn’t, Laura Jones, Jeff Chiu, Giannandrea, Bing, Tim Cook, Satya Nadella, Nadella, DuckDuckGo, Weinberg, Jakub Porzycki, ” Weinberg, ”, Apple’s, Cook, Bing “, “, Adrian Perica, ” Giannandrea, “ it’s Organizations: CNN, Apple, Google, Microsoft, Cook, Bing, Mozilla, Opera, Samsung Locations: Bing, San Francisco

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