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☆ Powerful Koch group endorses Haley's 2024 Republican presidential bid
▼ + stars: | 2023-11-28 | by ( Doina Chiacu | ) www.reuters.com time to read: +2 min

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced during a campaign stop in Hooksett, New Hampshire, U.S., November 20, 2023. And last night, we concluded that analysis," the Koch group, Americans for Prosperity Action, said in a statement. "That candidate is Nikki Haley." The group promised Haley "the full weight and scope of AFP Action’s unmatched grassroots army and resources" in her bid to become the next U.S. president.

Persons: Nikki Haley, Brian Snyder, Charles Koch, Donald Trump, Trump, Joe Biden, Biden, Haley, Florida Governor Ron DeSantis, Doina Chiacu, Alistair Bell Organizations: U.S, United, REUTERS, Rights, South, Trump, White, Prosperity, Republican, Florida Governor, Thomson Locations: Hooksett , New Hampshire, U.S, South Carolina, United Nations

☆ Barclays reveals 10 debt-laden global stocks at risk from higher interest rates
▼ + stars: | 2023-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Barclays has identified the European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. The table below shows the 10 stocks Barclays expects to have the biggest increase in interest costs through to 2025. Since interest costs are integral to real estate business models, the impact on margins and profits could be much more severe, the bank's analysts said. The Barclays team is confident that while interest rates can hurt company bottom lines, there was "scant" evidence that showed there was systemic risk.

Persons: Fastighets Balder, Castellum, Vonovia, Matthew Joyce, Zoso Davies Organizations: Barclays, Premier, Whitbread, BASF, Dassault Systemes Locations: Swiss

☆ European stocks head for flat open as markets struggle to find momentum
▼ + stars: | 2023-11-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Barclays has identified European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. However, refinancing has now become far more difficult as rates have surged and are expected to stay elevated through 2025. The Wall Street bank believes refinancing debt at higher rates could dent earnings by 3% to 5% over the next two years, impacting stocks. CNBC Pro subscribers can read more about the stocks identified here.

Persons: — Ganesh Rao Organizations: Barclays, CNBC

Suryana has spent more than three decades living in the shadow of the power plant in northern Java, just 60 miles from Jakarta, Indonesia’s most populous city. Emissions from burning coal, which is highly polluting but relatively cheap, contribute up to a third of Indonesia’s air pollution according to Siti Nurbaya, Indonesia’s Environmental and Forestry Minster. The Indonesian government has called on residents to use public transportation and has given regulation and financial incentives to residents who want to shift from using gas or diesel-fueled vehicles to electric vehicles. The government is pushing to have more than 530,000 electric vehicles on the road in Indonesia by 2030. Because industry is contributing 30% to 40% of the air pollution in Jakarta, in addition to emissions from transportation,” Syuhada said.

Persons: Suryana, “ We’ve, ”, Ginanjar Syuhada, —, Siti Nurzanah, ” Nurzanah, Syuhada, “, Siti Nurbaya, Budi Karya, ” Syuhada Organizations: —, United Nations, Associated Press, World Health Organization, Air, Vital, Indonesia’s Ministry of Health, WHO, Jakarta Health Agency, Jakarta's Persahabatan, Persahabatan Hospital, Forestry, Transportation Locations: JAKARTA, Indonesia, Java, Jakarta, Indonesia’s, United, Dubai, Swiss, Indonesian, New York

☆ DeSantis campaign suffers massive blow as Koch-funded kingmaker calls Nikki Haley the best chance to beat Trump
▼ + stars: | 2023-11-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

The DeSantis campaign is not happy that Americans for Prosperity Action is backing Haley's 2024 bid. "Every dollar spent on Nikki Haley's candidacy should be reported as an in-kind to the Trump campaign," he continued. Haley on Tuesday said she was "honored" to have earned the endorsement from Americans for Prosperity Action. The DeSantis campaign has argued that Haley has no path to the GOP nomination, but no other candidate — including DeSantis — has been able to overtake Trump in polling in any of the early-nominating states. The support from Americans for Prosperity Action will now give Haley critical financial and organizational help in the lead-up to Iowa and New Hampshire.

Persons: Haley, Biden, DeSantis, Andrew Romeo, X, —, Ron DeSantis, Koch, Nikki Haley's, Donald Trump's, Donald Trump, Romeo, Trump, Bryan Griffin, Christina Pushaw, DeSantis — Organizations: Prosperity, GOP, Service, South, Trump, The New York Times, Hawkeye State Locations: South Carolina, Florida, New Hampshire, Iowa

An agreement has been reached to extend the Israel-Hamas truce for another two days, the spokesman for Qatar’s Foreign Ministry said Monday. In turn, Israel released 39 Palestinian prisoners. Political Cartoons View All 1265 ImagesIsrael has said it would extend the cease-fire by one day for every 10 additional hostages released. Here’s what's happening in the war:QATAR SAYS ISRAEL AND HAMAS AGREE TO EXTEND TRUCE FOR TWO MORE DAYSQatar’s Foreign Ministry said Monday that an agreement has been reached to extend the Israel-Hamas truce for another two days. Hamas has released some hostages during a truce that began Friday in return for Israeli releases of Palestinian prisoners.

Persons: —, Benjamin Netanyahu, — Elon, Majid Al Ansary, Elma Avraham, wasn’t, Tzachi Slotsky, Beer Sheba, Avraham’s, Tali Amano, Avraham, Amano, “, ”, Cross, Jason Straziuso, ELON, Elon Musk, who’s, Isaac Herzog, Musk, ” Musk, Eylon Levy, Shlomo Karhi, ” Karhi, Riad, Malki, JERUSALEM, ” Yelena Magid, Roni Krivoi, ” Magid, UNRWA's, Morris Tidball, Alice Jill Edwards, Wang Yi, Wang Wenbin, ” Wang Wenbin, Frank, Walter Steinmeier, ” Steinmeier, “ Beeri, Hassan Fadlallah, Fadlallah, Islam, France’s, Samuel Paty, Charlie Hebdo, Jason J, Eaton Organizations: Qatar’s Foreign, Hamas, Sunday, Israel, Health Ministry, —, Navy, Qatari Foreign, Soroka Medical, International Committee, ICRC Media, The Associated Press, Twitter, Israeli Ministry of Communications, Palestinian Foreign Affairs, European Union, Union for, Associated Press, United Nations, ISRAEL, BEIJING, Security, Chinese Foreign Ministry, ISRAEL BERLIN —, Beeri, Hezbollah, GO, PARIS —, MEN, UNIVERSITY OF VERMONT Police, University of Vermont, Burlington Police Department, Burlington Locations: Israel, Qatar, Egypt, Gaza, Tel Aviv, Barcelona, — U.S, israel, QATAR, ISRAEL, Beer, BARCELONA, Spain, Africa, HANOUN, Beit Hanoun, Geneva, New York, China, GERMANY, ISRAEL BERLIN — Germany, Beeri, BEIRUT, Iran, Lebanon, Aita, Paris, UNIVERSITY, Burlington

PHILADELPHIA (AP) — Joel Embiid had 30 points, 11 rebounds and 11 assists to help the Philadelphia 76ers rout LeBron James and the Los Angeles Lakers 138-94 on Monday night. The reigning NBA MVP, Embiid notched his sixth career triple-double with 2 minutes left in the third quarter. James scored 18 points in 29 minutes but nothing he did could make a dent in the 76ers' lead. Best of luck, Paul,” Lakers coach Darvin Ham said. 76ers: Hit the road for games Wednesday at New Orleans and Friday at Boston.

Persons: — Joel Embiid, LeBron James, Embiid, Embiid's, James, Tyrese Maxey, Anthony Davis, Maxey, Patrick Beverley, Marcus Morris Sr, Jalen, Davis, Paul Reed, ” Reed, “, Paul, ”, Darvin Ham, Nick Nurse, “ I’m, Kelly Oubre Jr, Oubre, ___ Organizations: PHILADELPHIA, Philadelphia 76ers, Los Angeles Lakers, NBA, 76ers, Lakers, Eagles, ” Lakers, UP NEXT, Detroit, Oklahoma City . 76ers, New, Boston Locations: shootaround, UP, New Orleans

☆ Ukrainians are getting target practice on drones at a secret training center, ABC reports
▼ + stars: | 2023-11-26 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

At the northern training center, Ukrainian soldiers in training target drones that mimic Shahed drones, which are made in Iran, with dated Soviet-era antiaircraft weapons and machine guns. The goal is to ensure that Western air defense systems — expensive and harder to come by — are an infrequently used last resort. The strategy aims to take advantage of the country's lean air defense systems, the Washington Post previously reported. AdvertisementRussia has also been using Shahed-136 drones , loitering munitions made by Iran, and creating its own cheaply-made drones to overwhelm Ukrainian air defenses. Meanwhile, Russians have also been targeting Ukrainian drones and jamming their systems, making them inoperable.

Persons: —, Serhii Nayev, Nayev, Nafar Organizations: Service, ABC News, Republicans, Washington Post, Ukraine's Ministry of Defense Locations: Russia, Ukraine, Iran, Israel, Kyiv

Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones. Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month. "I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London. In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.

Persons: Eve Williams, Dyson, Lorna Fallon, Lucy Baker, Baker, Lesley Wright, Wright, Richa Naidu, Helen Reid, Matt Scuffham, Elaine Hardcastle Organizations: eBay Inc, Oxfam, Apple, eBay, Dyson, Regent, Sustainability, Charity Retail Association, Reuters, Thomson Locations: British, London, Peckham, Camberwell, Brighton , England

Just because a deal is good doesn't mean it's the best deal — be sure to comparison shop. Look closely at travel package dealsOne of the most popular travel deals that often pop up around the holiday season are full travel packages. "Just because a package travel deal is advertised as the best deal offered, it might not be true," she says. Myers cautions me against that habit, because I might not end up with a good travel deal. Travel expert Nadia Podrabinek emphasizes the importance of making sure a travel deal offers value for the money and not just a reduced price tag.

Persons: they're, —, isn't, Lindsay Myers, There's, Myers, Nadia Podrabinek Organizations: Service, Black

☆ Branding’s corporate titans face moment of truth
▼ + stars: | 2023-11-22 | by ( Aimee Donnellan | ) www.reuters.com time to read: +8 min

Now for the first time this century, sales volumes at the big consumer goods manufacturers are falling. In the first nine months of the year, Kraft Heinz said the quantity of its sold items declined by nearly 6 percentage points year-on-year. That’s likely to allow Nestlé, Kraft Heinz and Unilever to see flat or modest increases in 2023 sales, LSEG data shows. Earlier this year, outgoing Kraft Heinz Chief Executive Miguel Patricio said the company lost market share to a branded competitor that spent more. Unilever, Nestlé and Kraft Heinz have all pointed to a slowing of price growth in the coming year.

Persons: Kraft Heinz, Nestlé, ’, Xavier Roger, Kraft, what’s, John Furner, Miguel Patricio, Mars, ”, François, EY, George Hay, Streisand Neto, Thomas Shum Organizations: Reuters, Consumer, Kraft, Unilever, Danone, ’, United Nations, Reuters Graphics Reuters, Nestlé, Kraft Heinz, Target, Reuters Graphics, Obesity, Mondelez, Walmart, “, Thomson Locations: U.S, Europe, Australia, Norway, Chocolat, London

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

☆ Tesla launched its own car insurance. These drivers say it's a lemon.
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +20 min

Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.

Persons: Mark Bova, lurched, “ I’m, ” Bova, policyholders “, Elon Musk, Musk, Bova, he’s, Tesla, ”, Musk’s, Virginia –, Phil Fioresi, Tesla’s adjusters, adjusters, ” Zachary Kirkhorn, ” Kirkhorn, Teslas, InsureMyTesla, it’s, It’s, Chanda Santiago, ” Santiago, Lester F, Aponte, haven't, Understaffed, “, —, Policyholders, Jonathan Garcia, Garcia, adjuster, Scott Sawyer, Sawyer, Lauren Lee Sawyer, ” Sawyer, –, Steve Stecklow, Koh Gui Qing, Norihiko, Mike Scarcella, John Emerson, Brian Thevenot Organizations: Green, U.S . Army Special Forces, Tesla Insurance, Tesla, Reuters, Bureau, Twitter, U.S, SpaceX, Ohio Department of Insurance, California Department of Insurance, Data, AAA, The Auto Club Group, Liberty Mutual Insurance Co, Liberty Mutual, Markel, National Insurance Company, State National, State, Facebook, Better, policyholders, Better Business Bureau Locations: Maryland, That’s, California , Utah , Illinois, Virginia, South San Francisco , California, California, Draper , Utah, Texas, policyholders, InsureMyTesla, U.S, Illinois, Colorado, Ohio, Florida , Georgia, Washington, Santiago, Los Angeles, Draper, North Carolina, Riverside , California

HONG KONG (AP) — Asian shares were higher Monday after Wall Street closed its third straight winning week with a tiny gain. U.S. futures were lower while oil prices gained as investors looking ahead to OPEC plus meetings. Australia’s S&P/ASX 200 edged 0.1% higher to 7,058.40. The Dow Jones Industrial Average inched up less than 0.1% to 34,947.28 and the Nasdaq composite gained 0.1% to 14,125.48. It had been trading near 152 yen to the dollar last week, but analysts said expectations for lower U.S. interest rates are driving sales of dollars, pushing the yen higher.

Persons: Australia’s, Taiex, what’s, Jerome Powell, it’s, Brent Organizations: Nikkei, China, Dow Jones, Nasdaq, Wall, Ross, BJ’s Wholesale, Companies, Federal Reserve, Fed, U.S Locations: HONG KONG, Hong Kong, Shanghai, South Korea, Bangkok

☆ A 30-Year Trap: The Problem With America’s Weird Mortgages
▼ + stars: | 2023-11-19 | by ( Ben Casselman | More About Ben Casselman | ) www.nytimes.com time to read: +1 min

And now interest rates have soared to a 20-year high, eroding buying power without — in defiance of normal economic logic — doing much to dent prices. They have been insulated from rising interest rates and, to a degree, from rising consumer prices. Their monthly housing costs are, for the most part, locked in place. Because the interest rate is fixed, homeowners get to freeze their monthly loan payments for as much as three decades, even if inflation picks up or interest rates rise. But because most U.S. mortgages can be paid off early with no penalty, homeowners can simply refinance if rates go down.

Persons: Buyers

☆ Tiger Woods’ son Charlie wins high school state golf championship
▼ + stars: | 2023-11-17 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

The 14-year-old was part of the Benjamin School boys team that clinched the Florida High School Athletic Association Class A state championship on Wednesday, helping secure a fourth title for the Palm Beach school. The 47-year-old Woods had caddied for his son when he triumphed at his Junior National Golf Championship qualifier in Orlando in September, but had to settle for a spectator’s view this time around. Woods on caddie duty for his son (center) at the Notah Begay III Junior Golf National Championships at Mission Inn Resort in Orlando, Florida in September. The California Interscholastic Federation did not stage the competition during Woods’ spell at Western High School in Anaheim, California. As a 15-year-old student at the school in 1991, Woods became the then-youngest US Junior Amateur champion, and would go on to three-peat the event.

Persons: Charlie Woods, Tiger, Woods, Rory McIlroy Organizations: CNN, Benjamin School, Florida High School Athletic, Class, Wednesday, Palm, Benjamin School Buccaneers, Junior, California Interscholastic Federation, Western High School, US Junior Amateur, TMRW Sports Locations: Howey, , Florida, Orlando, Woods, Orlando , Florida, Anaheim , California

☆ CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea's Kosdaq index rose around 2.2%, snapping a five-day losing streak. Hence, Biden and Xi will likely focus on "prevent[ing] a crisis," according to a political commentator. Consumer spending fellU.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor.

Persons: Australia's, Biden, Xi, Joe Biden, Xi Jinping, That'll, Exxon, Morgan Stanley Organizations: CNBC, Dow Jones, NRF, Exxon, Exxon Mobil Locations: Asia, Pacific, U.S, Arkansas

☆ Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers
▼ + stars: | 2023-11-14 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Even as Home Depot forecast sales declines, the retailer had good news for investors and consumers on Tuesday. Home Depot kicked off a much-anticipated week of retail earnings that includes other household names, such as Walmart , Target and Macy's . In the short term, cooling inflation reduces sales numbers for retailers, including Home Depot. At Home Depot, McPhail has described 2023 as "a year of moderation" after the boom in home improvement during the Covid pandemic. Yet some factors that drive inflation are beyond retailers' control and influence consumers' decisions, too.

Persons: Richard McPhail, Michael Baker, Davidson, McPhail, Billy Bastek, Ted Decker, it's, doesn't Organizations: Dow Jones, Depot, Walmart, Target, Home, Federal Reserve, D.A, CNBC PRO

Senator Tim Scott (R-SC) speaks at the third Republican candidates' U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023. Senator Tim Scott suspended his run for the 2024 Republican presidential election nomination on Sunday after months of burning through campaign cash at a blistering rate without making a significant dent in national opinion polls. "I think the voters, who are the most remarkable people on the planet, have been really clear that they're telling me: 'Not now Tim,'" Scott told Fox News in an interview on Sunday evening. The lone Black Republican in the U.S. Senate, Scott began his campaign in May, promising to present an optimistic, forward-looking vision for America. At the same time, Scott's finances began to deteriorate, an ominous sign for any presidential campaign.

Persons: Tim Scott, Adrienne Arsht, Mike Segar, Scott, Donald Trump, Nikki Haley, Haley, Ron DeSantis, Andy Sabin, Eric Levine, Levine, " Levine, Jeff Burns, Joe Biden, DeSantis, Biden, Gram Slattery, Alexandra Ulmer, Dan Whitcomb, Ross Colvin, Grant McCool, Miral Organizations: Republican, U.S, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, REUTERS, Rights, Fox News, United, Reuters, Black Republican, U.S . Senate, America, Florida, Trump, Democratic, Palestinian, Hamas, Thomson Locations: Miami , Florida, U.S, South Carolina, United States, Trump, New York, California, Ukraine, Israel, Washington, San Francisco

☆ Top 25 roundup: No. 4 Michigan St. crushes Southern Indiana
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] Nov 6, 2023; East Lansing, Michigan, USA; Michigan State Spartans guard Tyson Walker (2) drives through James Madison Dukes forward T.J. Bickerstaff (3) and guard Bryant Randleman (4) during the second half at Jack Breslin Student Events Center. 4 Michigan State earn a 74-51 home win over Southern Indiana on Thursday in East Lansing. After going 1-of-20 from 3-point range against James Madison, Michigan State wasn't much better against Southern Indiana, going 1-of-11 from 3-point territory. Jordan Tillmon scored 10 points for Southern Indiana, which shot 31.7 percent from the field overall (19 of 60) and committed 15 turnovers. Drew Miller led the Golden Eagles with 19 points, while Malachi Reeves had 17 points on perfect 7-for-7 shooting from the floor.

Persons: Tyson Walker, James Madison, Bryant Randleman, Jack Breslin, Dale Young, Jaden Akins, Jordan Tillmon, Jack Mielke, John Brown, Langston Love, RayJ Dennis, Jayden Nunn, Yves Missi, Drew Miller, Malachi Reeves, Isaiah Collier, Kaleb Higgins, Cameron Wilbon, Ugnius Jarusevicius, Aidan Mahaney, Saint Mary's, Harry Wessels, Donovan Dent, Nelly Junior Joseph, Jamal Mashburn Jr Organizations: Michigan State Spartans, James Madison Dukes, Center, Michigan State, Southern Indiana, James Madison , Michigan State, Southern, Spartans, Baylor, Bears, Golden Eagles, NAIA, USC, Cal State Bakersfield, Trojans, Roadrunners, Mary's, Lobos, Saint, New, Texas Southern, Thomson Locations: East Lansing , Michigan, USA, T.J, East Lansing, James Madison , Michigan, Southern Indiana, Waco , Texas, South Dakota, Los Angeles, New Mexico, Moraga , Calif

They will have another opportunity on Dec. 6, when a fourth debate will take place in Alabama. With only five candidates qualifying for the stage - DeSantis and Haley were joined by U.S. "Everybody wants to talk about President Trump. I can tell you that I think he was the right president at the right time," she said. "I don't think he's the right president now."

Persons: Donald Trump's, Ron DeSantis, Nikki Haley, Trump, Haley, Tim Scott, Chris Christie, Vivek Ramaswamy, Ramaswamy, DeSantis, ISRAEL, Adrienne Arsht, Biden, Joe Biden, Benjamin Netanyahu, Bibi, Scott, Christie, James Oliphant, Joseph Ax, Tim Reid, Eric Beech, Nathan Layne, Gram Slattery, Jasper Ward, Caitlin Webber, Ross Colvin, Howard Goller Organizations: MIAMI, Republican, Republican Party, U.S, New, Trump, Former South Carolina, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, Democratic, Republicans, Israel, Hamas, Supreme, Senate, Social Security, Thomson Locations: Florida, Iowa, Alabama, New Jersey, South Carolina, Tuesday's, Miami , Florida, U.S, Israel, Miami, Princeton , New Jersey, Los Angeles

☆ British homebuilder Taylor Wimpey flags market uncertainty
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

A builder working for Taylor Wimpey builds a roof on an estate in Aylesbury, Britain, February 7, 2017. REUTERS/Eddie Keogh/File Photo Acquire Licensing RightsNov 9 (Reuters) - UK homebuilder Taylor Wimpey (TW.L) on Thursday flagged "significant market uncertainty" as high mortgage rates dent demand, but forecast annual operating profit at the top end of its previous outlook range. Taylor Wimpey's trading update echoed sector peer Persimmon's (PSN.L), which on Tuesday marginally lifted its annual home-build targets while pointing to "highly uncertain" market conditions in 2024. Taylor Wimpey said year-to-date cancellation rate improved to 18%, compared with 24% during the four weeks to July 30, while its total order book excluding joint ventures as at Nov. 5stood at about 1.9 billion pounds ($2.33 billion), down 27% from a year earlier. ($1 = 0.8143 pounds)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Taylor Wimpey, Eddie Keogh, Taylor Wimpey's, Aby Jose Koilparambil, Rashmi Organizations: REUTERS, Bank of, FTSE, Thomson Locations: Aylesbury, Britain, Bank of England, Bengaluru

☆ Dollar steady against euro, yen on intervention watch as it hits one-week low
▼ + stars: | 2023-11-08 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Traders also remained on alert for potential intervention in the Japanese currency as it rose above the 151 level against the dollar, its weakest level in a week. “The dollar is vulnerable to weaker data going forward," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. "We’re transitioning to a sort of sell dollar rallies environment, after the buy dollar dips trend that we’ve seen really since the middle of the year." The dollar gained 0.41% to 151.03 Japanese yen , heading back towards levels that have investors on watch for currency intervention.

Persons: Dado Ruvic, Shaun Osborne, ”, Osborne, Jerome Powell, Powell, Nick Bennenbroek, Francesco Pesole, Karen Brettell, Gertrude Chavez, Dreyfuss, Samuel Indyk, Andrea Ricci Organizations: REUTERS, Federal Reserve, Scotiabank, U.S, ING, Reserve Bank of Australia, Thomson Locations: U.S, United States, Toronto

☆ US companies' debt cushion smallest since Q1 2021 :BofA
▼ + stars: | 2023-11-08 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

Coverage ratios hit their lowest since the first quarter of 2021, when companies in many sectors struggled with pandemic-related supply cost increases and weak demand. Median year-over-year earnings growth jumped 4.2% in the third quarter, from 0.6% in the second quarter, according to BofA Global. The median cost of debt increased to 3.77% in the third quarter from the second quarter - its highest since the fourth quarter of 2018. Companies' gross debt was little changed, but net debt growth turned negative for the first time since the third quarter of 2021. "(Investment-grade) issuers continued to manage their balance sheets conservatively in 3Q," wrote Yuri Seliger, credit strategist at BofA Global.

Persons: Carlo Allegri, Yuri Seliger, Matt Tracy, Chizu Organizations: New York Stock, REUTERS, BofA Global Research, BofA Global, Companies, BofA, Thomson Locations: Manhattan, New York City , New York, U.S, 11.24x

Here are six takeaways from the third GOP presidential primary debate:Foreign policy takes center stageOn Israel’s war with Hamas, there was little disagreement between the five candidates. “I am going to send troops to our southern border.”It was like Tuesday night never happenedJust like in the second debate, abortion concerns didn’t make it into the first more than 90 minutes of the program. The biotech entrepreneur came out swinging against the media, Haley, the debate moderators, the media, Republican National Committee Chairwoman Ronna McDaniel, DeSantis and the Florida governor’s boots. Instead, the former South Carolina governor spent much of the debate sparring with Ramaswamy. During the Simi Valley debate, Haley said during a discussion about the app that she felt “dumber” every time she heard him speak.

Persons: Nikki Haley’s, South Carolina Sen, Tim Scott’s, Glenn Youngkin, Donald Trump, Ron DeSantis, Trump, Haley, Vivek Ramaswamy, Ramaswamy, “, Chris Christie, Bibi, ” DeSantis, ’ ” Haley, Volodymyr Zelensky, ” Ramaswamy, Vladimir Putin, Xi Jinping, ” Christie, Hitler, Scott, ” Haley, Roe, Wade, DeSantis, you’ve, ”, Christie, Tuesday’s, framers, let’s, China DeSantis, We’ve, we’ve, ” Haley wasn’t, DeSantis ’, Ron, Ken Griffin, Ronna McDaniel, McDaniel, Lester Holt, Kristin Welker, Salem, Hugh Hewitt, Tucker Carlson, Joe Rogan, Elon Musk, Benjamin Netanyahu, Dick Cheney, “ We’ve, That’s, TikTok, Lindsey Graham, he’s, “ That’s, Christie didn’t Organizations: CNN, South Carolina Gov, South, Virginia Gov, GOP, Florida Gov, Former New Jersey Gov, Tuesday’s, Confucius Institutes, Citadel, “, Republican, NBC, America, Trump, United Nations Locations: Miami, Israel, Iran, China, South Carolina, ”, Former, Gaza, United States, Ukraine, Europe, Mexico, Florida, Ohio, Kansas , Michigan, California , Vermont, Iowa, Virginia, Roe, “, Simi Valley , California, Korea, Beijing, Simi

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