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☆ Here's what we know about Jim Jordan and the Ohio State University wrestling scandal
▼ + stars: | 2023-10-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Questions are resurfacing about his role in the sexual abuse scandal at Ohio State University. AdvertisementAdvertisementRep. Jim Jordan of Ohio could become the next speaker of the House, and questions are resurfacing about his role in a sexual abuse scandal at Ohio State University. Jordan has long denied any wrongdoing since the allegations were first brought forward in 2018, and at no point has any former wrestler accused Jordan himself of commiting sexual abuse. Jordan worked as a wrestling coach at Ohio StateA high school and college wrestling champion himself, Jordan worked as an assistant coach at Ohio State University in Columbus from 1986 to 1994 immediately after graduating college. AdvertisementAdvertisementThere is a chance, however, that Jordan will be deposed as part of an ongoing lawsuit related to the sexual abuse scandal.

Persons: Jim Jordan of, Jordan's, —, Jordan, Kevin McCarthy, Rep, Nancy Mace, Here's, Richard Strauss, Mike DiSabato, Strauss, DiSabato, he'd, Dunyasha Yetts, we'd, Paul Ryan, Adam DiSabato —, Jim Jordan, Groveling, Rick Burlenski, He's, Burlenski, who've, Donald Trump's, Byron Donalds, I'm Organizations: Ohio State University, Service, NBC, Ohio State, Ohio General Assembly, NBC News, Caucus, OSU, CNN, POLITICO Locations: Jim Jordan of Ohio, South Carolina, Jordan, Columbus, Ohio, Jordan's, Washington, Florida

☆ Morning Bid: MidEast tension keeps markets on edge
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAlthough price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without obvious resolution. Disputed reports of a temporary ceasefire in southern Gaza partly stabilised jittery macro prices first thing on Monday. Yet the extent to which the backup in oil prices over recent months can impact wider economic sentiment was clear from the University of Michigan's household survey on Friday. That appeared to be the case last week as oil prices, gold, the dollar and Treasuries gained into the close while stocks fell back.

Persons: Brendan McDermid, Israel, Treasuries, Goldman Sachs, Morgan Stanley, Jerome Powell, Poland's, Patrick Harker, Christine Lagarde, Fabio Panetta, Mike Dolan, Ed Osmond Organizations: New York Stock Exchange, REUTERS, University of Michigan's, U.S, Treasury, Wall, JPMorgan, Citigroup, Bank of America, Netflix, Federal Reserve, European Union ., York Fed, Bank of Canada, Philadelphia Federal, European Central Bank, ECB, Global, Thomson, Reuters Locations: New York City, U.S, Gaza, Wells Fargo, Luxembourg, LSEG, CHINA

On Saturday, the sheer magnitude of the ancient Hopewell culture's reach was lifted up as enticement to a new set of visitors from around the world. Four other sites within the historical park — Hopewell Mound Group, Seip Earthworks, Highbank Park Earthworks and Hopeton Earthworks — join Fort Ancient Earthworks & Nature Preserve in Oregonia and Great Circle Earthworks in Heath to comprise the network. “Now is the time, and to have our traditional, our ancestral sites acknowledged on a world scale is phenomenal,” she said. “We need it culturally, we need it economically, we need it socially," she said. You can't take this away, and so, therefore, it draws us all together in a very unique way,” she said.

Persons: Glenna Wallace, ” Wallace, Bruce Lombardo, Julius Caesar, Mike DeWine, ” Nita Battise, ”, “, ” Kathy Hoagland, ” Hoagland, Chuck Sams Organizations: UNESCO, Heritage, Republican Ohio Gov, Park Service Locations: CHILLICOTHE , Ohio, North, Ohio, Shawnee, Oklahoma, Hopewell, North America, Chillicothe, ”, Columbus, Machu Picchu, China, Mound City, Scioto, ., Fort, Oregonia, Heath, Ross County, United States, Alabama, Texas, Frankfort , Ohio, American, America

Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.

Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine

COLUMBUS, Ohio (AP) — Heavier-than-normal turnout is expected Wednesday as early voting begins in Ohio's closely watched off-year election to decide the future of abortion access and marijuana legalization in the state. Both sides tried to gin up enthusiasm over the past week as they hosted rallies and canvassing events across the state. Ohioans United for Reproductive Rights, the yes campaign, emphasizes the measure's ability to keep Ohio's ban on most abortions after fetal cardiac activity is detected from taking effect. Sam Zern, a regional field organizer for Ohioans United for Reproductive Rights and a graduate student at Kent State University, said the organization has seen “an inspiring amount of energy on college campuses” around the state. Opponents include the Ohio Business Roundtable, which represents executives from more than 100 of Ohio's largest employers, the Ohio Manufacturers' Association and Republican Gov.

Persons: Wade, Sam Zern, Amy Natoce, Mike DeWine Organizations: Democratic, Ohioans United, Reproductive Rights, Protect, Kent State University, ”, Life, Statehouse, Coalition, Ohio Business, Ohio Manufacturers ' Association, Republican Gov Locations: COLUMBUS , Ohio, Ohio's, Ohio, Protect Women Ohio

☆ Morning Bid: 'Remarkable' US markets surf crosscurrents
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Stock futures are higher once again ahead of the bell today. As cash Treasury markets returned from Monday's Columbus Day holiday to a week of heavy long-term debt auctions, they were also greeted with rekindled optimism about the Federal Reserve's policy rate trajectory. Ten-year U.S. Treasury yields are set to kick off Tuesday's U.S. trading day at some 4.65% - almost a quarter of a percentage point below the peak set just after Friday's blowout September jobs report. Elsewhere, PepsiCo (PEP.O) edged 0.8% higher ahead of the beverage maker's third-quarter results and Unity (U.N) jumped 6.4% after the video-game software maker said its CEO John Riccitiello would retire.

Persons: Brendan McDermid, Mike Dolan, Lorie Logan, Logan, Philip Jefferson chimed, John Riccitiello, Christopher Waller, Neel Kashkari, Mary Daly, Raphael Bostic, Ed Osmond Organizations: New York Stock Exchange, REUTERS, Columbus, Federal, Dallas Fed, Treasury, Monetary Fund, IMF, World Bank, Fund, HK, Bloomberg, Alibaba, Baidu, PepsiCo, Reserve, San Francisco Fed, Atlanta Fed, PepsiCo NFIB Consumer, Reuters Messaging, Thomson, Reuters Locations: New York City, U.S, Israel, Marrakesh, China, Beijing, Minneapolis, San

☆ Morning Bid: Oil up but restrained on Mideast jolt
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +5 min

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. U.S. crude oil prices rose about 3% higher on Monday as Israel retaliated for Saturday's shock attack by the Islamist group Hamas. With concern about a spillover over the long-running conflict to the wider stage, oil and other traditional global 'safety' plays caught a bid. What's more, any direct connection to Iran's possible involvement would scupper any easing of sanctions there and affect an estimated 3% of world oil supply. A sustained oil price rise from here could aggravate the inflation picture the Fed is negotiating - but could also drag on growth too.

Persons: Nick Oxford, Mike Dolan, Israel, What's, Friday's, Jaime Gilinski, Michael Barr, Philip Jefferson, Lorie Logan, Bank of England policymaker Catherine Mann, Bernadette Baum Organizations: Midland , Texas U.S, REUTERS, Hamas, Saudi, White, Street, Tehran, Treasury, U.S, Columbus Day, New York Stock Exchange, Nasdaq, Stock, Tel, Bank of Israel, Federal Reserve, Metro Bank, Metro, Columbus, Federal, NYSE, World Bank, IMF, Dallas Fed, Bank of England, United, Thomson, Reuters Locations: Midland , Texas, U.S, Iran, Saudi Arabia, Israel, Saudi, Russia, Tel Aviv, Europe, Marrakesh, Morocco, United States

☆ Morning Bid: Oil soothes but jobs dictate
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +5 min

U.S. crude oil has recoiled almost 9% this week and prices have lost almost 14% peak-to-trough since last Thursday's high above $95 per barrel. The year-on-year oil price is now falling again and tracking losses of 5%. Copper prices fell to their lowest of the year on Thursday and core commodity indexes are back at August levels. All of which sees U.S. bond yields retain an uneasy calm into the jobs numbers. Implied rates from Fed futures markets pulled back the chances of another hike in the cycle to less than 50%.

Persons: Andrew Kelly, Mike Dolan, Mary Daly, Kevin McCarthy, Donald Trump, Jim Jordan, Janet Yellen's, Christopher Waller, Toby Chopra Organizations: REUTERS, ADP, San Francisco Fed, Treasury, St, International Monetary Fund, World Bank, Tesla, Exxon Mobil, Natural Resources, Federal Reserve, Challenger, Thomson, Reuters Locations: Manhattan , New York City, U.S, Morocco, Canada

Re-enter risk premia on what should be 'risk free' bonds. The renewed corporate profits upswing riffs off this relatively robust nominal growth picture too - as do still benign corporate debt premia. However, keeping a lid on 5% nominal GDP may well be what's irking bonds as much as anything. While turning 10-year averages takes some time, nominal GDP growth according to a real time model from the Atlanta Fed is closer to 8% right now. CBO deficit projections to 2030US nominal GDP growth running at 8%?

Persons: York Fed's, Ajay Rajadhyaksha, today's, Treasuries, Fitch, Andrew Heavens Organizations: Treasury, Federal, Fed, The, Barclays, Societe Generale's, Atlanta Fed, Moody's, U.S . AAA, Reuters, Thomson Locations: U.S, Washington, York, 35bp, 150bp, Treasuries, China, Europe

They’re the atheists, the agnostics, the “nothing in particular.” Many are “spiritual but not religious,” and some are neither or both. “I grew up Methodist, but I don’t follow any religion,” said John, 32. But nones said in interviews they were happy to leave religion behind, particularly in toxic situations, and find community elsewhere. While they don’t describe their explorations as spiritual, they aim to inspire wonder and purpose in their children. ___Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Mike Dulak, ”, Dulak, “, Ryan Burge, they’re, Emma Komoroski, Alric Jones, —, Jones, ’ ”, he’ll, I’m, ” Jones, agnostics, ” Burge, ” Dulak, “ It’s, Burge, It’s, I’ve, Mia Vogel, I’ll, Alcoholics Anonymous, Jay Geisler, “ there’s, Geisler, GUS, Guy, ‘, ’ ” Geisler, John, Linda, nones, ” Marjorie Logman, doesn’t, Logman, hadn’t, “ I’m, Ashley Miller, Miller, Linley Sanders, Emily Swanson, Jessie Wardarski Organizations: Catholic, Southern Baptist, Eastern Illinois University, Associated Press, NORC, for Public Affairs Research, AP, Christianity, University of Missouri, Alcoholics, Episcopal, Pittsburgh Recovery Center, Methodist, Lilly Endowment Inc Locations: Southern California, Rocheport , Missouri, Catholic, Southern, “, U.S, Ozark, Arkansas, Missouri, Michigan, Mt . Vernon , Illinois, Aurora , Illinois, Adria

☆ Morning Bid: Nervy bond bounce on soft jobs and oil
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +5 min

[1/2] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Although both oil and bond yields calmed somewhat overnight, U.S. crude plunged by more than $5 per barrel on Wednesday. The tentative bond bid and shifting interest rate picture stopped the rot in stock markets too, with Wall St stocks rallying on Wednesday and the Nasdaq (.IXIC) staging its biggest daily gain since August. But in a sign of the nervousness, European stock markets stalled again and Wall St futures were back in the red. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Kevin McCarthy, Michael Barr, Mary Daly, Thomas Barkin, Loretta Mester, Lamb Weston, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Nasdaq, Wall, Metro Bank, U.S, Federal, San Francisco Fed, Richmond Fed, Cleveland Fed, Treasury, Brands, Constellation Brands, Reuters, Thomson Locations: New York City, U.S, Wall, York

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

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

☆ Morning Bid: This Fed's not for turning
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +5 min

The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. That thought was echoed by Cleveland Fed chief Loretta Mester, who said: "I suspect we may well need to raise the fed funds rate once more this year." Either way, this is not the sound of a Fed who thinks the inflation battle is won. Fed hawkishness, however, has kept futures markets pricing a 50-50 chance of another quarter point rate hike to the 5.50-5.75% range by year-end. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jason Reed, Mike Dolan, they've, Michelle Bowman, Loretta Mester, Michael Barr, hawkishness, Raphael Bostic, Susan Fenton Organizations: U.S . Federal, REUTERS, Reserve, Cleveland Fed, Institute, Supply, Bank of Japan, Reserve Bank of Australia, Big Tech, Atlanta Federal Reserve, Treasury, McCormick, PMI, Reuters, Thomson Locations: Washington, U.S

☆ Morning Bid: October market fillip as government stays open
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. U.S. Treasury yields, whose relentless rise of late has been at the heart of market disturbances as it prices "higher for longer" interest rates, pushed higher again on Monday too. Ten-year yields were up five basis points to 4.62% - just shy of last week's 16-year peak of 4.69%. Key developments that should provide more direction to U.S. markets later on Monday:* US Sept manufacturing surveys by ISM and S&P Global. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Kevin McCarthy, McCarthy, Goldman Sachs, Jerome Powell, Michael Barr, Loretta Mester, John Williams, Fitch, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Democratic, Republican, Ukraine, Treasury, Bank of Japan, of, Petroleum, Reuters, P Global, Cleveland Fed, New York Fed, Tech, Moody's, U.S . AAA, Chicago, Thomson Locations: New York City, U.S, Russia, OPEC, China, France, Italy, Spain, Germany, York

WASHINGTON (AP) — Americans view college campuses as far friendlier to liberals than to conservatives when it comes to free speech, with adults across the political spectrum seeing less tolerance for those on the right, according to a new poll. More recently, a conservative Princeton University professor was drowned out while discussing free speech at Washington College, a small school in Maryland. Overall, Republicans see a clear double standard on college campuses. “The reality is that there’s free speech for everyone on college campuses,” said Fleisher, a linguistics professor at the University of Wisconsin, Milwaukee. But as the nation has become more politically divided, so have college campuses, said Kristen Shahverdian, senior manager for education at PEN.

Persons: you’re, ”, Rhonda Baker, Donald Trump, ’, Chris Gauvin, “, Gauvin, Nicholas Fleisher, Fleisher, Kristen Shahverdian, Morgan Ashford, Linda Woodward, Mike Darlington, Ilya Shapiro, Shapiro, Gene VanZandt, ___, ___ Gecker Organizations: WASHINGTON, University of Chicago, The Associated Press, NORC, for Public Affairs Research, Republicans, Republican, Stanford University, Princeton University, Washington College, Overall, Yale University, Congress, GOP, American Association of University, University of Wisconsin, PEN America, PEN, Democrat, Troy University, Stanford, Foundation, Rights, University of, Manhattan Institute, Darlington, Associated Press, Carnegie Corporation of New, AP Locations: Goldsboro , North Carolina, Maryland, Manchester, Conn, Milwaukee, Alabama, Ashford, “, Hot Springs, , Arkansas, Darlington, Chesterfield County , Virginia, Hampton , Virginia, San Francisco, Carnegie Corporation of New York

In its first statewide TV ad, which began airing this past week, the opposition campaign Protect Women Ohio went in yet another direction. Protect Women Ohio is funded largely by the campaign arm of Susan B. Anthony Pro-Life America, a leading national anti-abortion group. Zanotti said it has chosen to run its own campaign against the Ohio amendment focused on its phrasing and legal reach. That bill was nearing introduction this summer when another anti-abortion activist active in the Protect Women Ohio campaign pressured the sponsor to spike it, Beigel said. Their concern was that publicity over the bill would generate backlash and make it harder to defeat the abortion rights amendment, which had just qualified for the fall ballot.

Persons: Donald Trump, Joe Biden, Terry Casey, ‘, ” Casey, Ohioans, Court’s, Roe, Wade, Vermont —, David Zanotti, it’s, ”, “, Dobbs, Susan B, Anthony Pro, Kellyanne Conway, ” Conway, Marjorie Dannenfelser, Ohio Republicans ’, resoundingly, Zanotti, Brian Hickey, Austin Beigel, Anthony, —, Beigel, Ohio's, Mike DeWine, DeWine, Kellie Copeland, Copeland Organizations: —, Women Ohio, Republicans, Democrats, Ohio Republican, Ohioans United, Reproductive Rights, U.S, Democratic, American Policy, Jackson, Health Organization, Protect, Ohio, Trump, Ohio Republicans, American, Catholic Conference of, Catholic Conference, National, Protect Women Ohio, Republican, Gov, Catholic Locations: COLUMBUS , Ohio, Ohio, — California , Kansas , Kentucky, Michigan, Montana, Vermont, Dobbs v, United States, Washington, Catholic Conference of Ohio, Louisiana

☆ Morning Bid: Spiky quarter ends in uneasy market calm
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. At 4.53% on Friday, the 10-year benchmark was some 15 basis points off Thursday's peak and two-year yields fell back to their lowest since Sept. 18. Some optimism from Beijing about a possible year-end summit between President Xi Jinping and U.S. President Joe Biden helped. Key developments that should provide more direction to U.S. markets later on Friday:* US August PCE inflation gauge, personal income and spending. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Thursday's, Xi Jinping, Joe Biden, Lifeng, Federal Reserve's, Jerome Powell, Thomas Barkin, it's, Kathleen O'Neill Paese, John Williams, Toby Chopra Organizations: New York Stock Exchange, REUTERS, Treasury, Organization of, Petroleum, Wall Street Journal, Federal, Fed, Richmond Fed, Nike, HK, Reuters, Mercedes, Benz, Chicago, University of, Louis Federal Reserve, New York Fed, U.S, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, Beijing, China, Washington, Hong Kong, Nio

☆ Morning Bid: Oil spike delivers coup de grace to dire Q3
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

A nighttime view of the Torrance Refinery, an oil refinery operated by PBF Energy, in Torrance, California, U.S., March 10, 2022. The U.S. Treasury completes more than $130 billion of new debt sales this week with another 7-year note auction later on Thursday. But even though the euro bounced back from 2023 lows today, there was better news on the inflation front from Europe. As China's markets headed for the Golden Week holidays next week, stocks there were in the red too - with Hong Kong's Hang Seng (.HSI) hitting its lowest for the year so far. * U.S. Treasury auctions 7-year notes, 4-week bills* U.S. corporate earnings: Nike, Accenture, CarmaxReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsEditing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Bing Guan, Mike Dolan, Jerome Powell, it's, Lisa Cook, Austan Goolsbee, Thomas Barkin, Emelia Sithole Organizations: Torrance Refinery, PBF Energy, REUTERS, Federal, U.S, Treasury, U.S . Treasury, Micron Technology, Nvidia, Kansas, Fed, Chicago Fed, Richmond Fed, Nike, Accenture, Carmax Reuters Graphics Reuters, Reuters, Thomson Locations: Torrance, Torrance , California, U.S, Washington, United States, Europe

Abortion rights protesters gather for a rally in Columbus, Ohio, after the United States Supreme Court ruled in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision, June 24, 2022. The law took effect after the U.S. Supreme Court last year overturned its landmark Roe v. Wade ruling that had guaranteed abortion rights nationwide. Ohio Solicitor General Benjamin Flowers at arguments on Wednesday asked the Supreme Court of Ohio to reverse a preliminary order blocking the law. Jessie Hill, a lawyer for abortion providers challenging the law, said that "longstanding, well-established rules" in Ohio bar the state from appealing preliminary orders before final judgment. Ohioans will vote in November on a referendum that would explicitly add a right to abortion to the state constitution.

Persons: Wade, Megan Jelinger, Mike DeWine, Benjamin Flowers, Flowers, Jessie Hill, Hill, Ohioans, Brendan Pierson, Alexia Garamfalvi, Aurora Ellis Organizations: United States Supreme, Women's Health Organization, REUTERS, Wednesday, Ohio Supreme, Republican, U.S, Supreme, Voters, Thomson Locations: Columbus , Ohio, Dobbs, Ohio, Cincinnati, New York

COLUMBUS, Ohio (AP) — Ohio Supreme Court justices vigorously questioned the state's lawyer Wednesday about a legal strategy that Ohio is attempting in hopes of reviving its law banning on abortions except in the earliest weeks of pregnancy. The state is also challenging whether Preterm Cleveland and other Ohio clinics have the necessary legal standing to sue. The legal battle over the law comes as a proposed constitutional amendment that would protect abortion access in Ohio will go before voters in November. Preterm's attorney, B. Jessie Hill, argued that the state's decision to appeal the stay at the Ohio Supreme Court defies “long-standing, well-established rules" on such actions. Ohio clinics then brought their challenge to state court, arguing that a similar right to the procedure exists under the Ohio Constitution.

Persons: Benjamin Flowers, peppering, Flowers, Christian Jenkins, Mike DeWine, Jenkins, ” Flowers, Dave Yost's, Jessie Hill, Hill, they’re, Roe, Wade, ”, Jennifer Brunner, “, “ It's, Yost Organizations: —, Republican Gov, Supreme, AP VoteCast, Ohio Locations: COLUMBUS , Ohio, — Ohio, Ohio, Cleveland, Hamilton, U.S

☆ Morning Bid: Markets catch breath after bruising recoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +5 min

China's markets will also be disrupted by Golden Week holidays next week. Ten-year Treasury yields hit another 16-year high at 4.56% on Tuesday before dialling back a bit on Wednesday, with 10-year real yields hitting 14-year peaks at 2.24%. Risk spreads in junk bond and overseas sovereign bond markets are also creeping higher again, with exchange-traded U.S. junk bond funds hitting their lowest since May and Italy's government bond yield premium over Germany widening too. Worrying for many investors this week has been how bond yields have climbed despite weaker economic signals and how stock and bond losses are correlating again. World markets were more mixed, with China's bourses managing some gains ahead of the big holiday week.

Persons: Mike Dolan, Goldman Sachs, Jerome Powell's, Neel Kashkari, shakeout, Shorter, China's bourses, Michelle Bowman, Jane Merriman Organizations: Federal Reserve, Minneapolis Fed, Golden, Nasdaq, Big Tech, U.S . Federal Trade Commission, Costco, China Evergrande, HK, United, Treasury, Micron, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Washington, Germany, United States

☆ Morning Bid: Bond crush stifles markets as $134 billion hits
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +6 min

The yield spike has supercharged the U.S. dollar worldwide - both a reflection and aggravator of mounting financial stress far and wide. As Deutsche Bank notes, this is historically significant territory as the average of the 10-year yield going back to 1799 is around 4.50%. The Treasury sells $48 billion in two-year notes on Tuesday, $49 billion in five-year paper on Wednesday and $37 billion in seven-year notes on Thursday. Minneapolis Fed Bank President Neel Kashkari said on Monday the Fed probably needs to raise borrowing rates further. Private sector bankers are starting to brace for the worst, with JP Morgan chief Jamie Dimon reported overnight as warning: "I am not sure if the world is prepared for 7% (Fed rates)."

Persons: Jose Luis Gonzalez, Mike Dolan, South Korea's, Sterling, haven't, Neel Kashkari, Said Kashkari, Austan Goolsbee, JP Morgan, Jamie Dimon, Christine Lagarde, China Evergrande, Michelle Bowman, Christina Fincher Organizations: REUTERS, Federal Reserve, U.S ., Bank of Japan, South, Treasury, Deutsche Bank, Minneapolis Fed, Chicago Fed, European Central Bank, ECB, Dallas Fed's, Chicago Fed's, HK, Richmond Fed, Dallas Fed, Philadelphia Fed, Costco, Cintas, Thomson, Reuters Locations: Ciudad Juarez, Mexico, U.S, Wall St, Asia, Europe, Philadelphia, Washington

☆ Morning Bid: Shutdown, oil, auctions and China rankle
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +5 min

Even before U.S. markets kick off on Monday, China's ongoing property bust threw another curve ball at stocks markets there. Country Garden (2007.HK) fell more than 7% as investors nervously watch out for its latest dollar bond coupon payment on Wednesday. Fed aside, there were multiple domestic issues to trouble the horizon - not least a government shutdown next weekend. U.S. 10-year Treasury yields nudged back close to 16-year highs above 4.5% set last week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Kevin Wurm, Mike Dolan, China Evergrande, Charles Wang Zhonghe, Kevin McCarthy, Morgan Stanley, Neel Kashkari, Christine Lagarde, Isabel Schnabel, Bernadette Baum Organizations: U.S, Capitol, REUTERS, HK, hawkish U.S, Federal, Republicans, Treasury, Dallas Fed, Chicago Fed, Minneapolis Federal, European Central Bank, ECB, Reuters Graphics, Thomson, Reuters Locations: Washington , U.S, U.S, Wall St, China, HK, hawkish, St, Washington, ., California

☆ Morning Bid: Edgy market calm after worst day of 2023
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +5 min

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. World stocks captured by MSCI's all-country index (.MIWD0000PUS) recorded their worst day of the year so far - dropping 1.69%. The yen fell back again but the dollar/yen rate remained below Thursday's 2023 high of 148.45. The pound hit its lowest level since March and 10-year British gilt yields fell to their lowest level since July. Elsewhere, oil prices nudged higher again on Friday as concerns that a Russian ban on fuel exports could tighten global.

Persons: Sarah Silbiger, Mike Dolan Punch, Rupert Murdoch, Lisa Cook, Susan Collins, Neel Kashkari, Mary Daly Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Bank of Japan, Fed, European Central Bank and Bank of England, Treasury, Sterling, of, Activision Blizzard, Markets Authority, Ubisoft, Cisco Systems, Cisco, Fox Corp, News Corp, JPMorgan, Federal Reserve, Boston, Minneapolis Fed, San Francisco Fed, Reuters Graphics Reuters, Reuters, Thomson Locations: Washington ,, U.S, Australia, Britain, United States, India

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