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☆ Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
▼ + stars: | 2023-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Major earnings reports and economic data will be in focus next week as investors seek clarity on how the Federal Reserve will proceed from here. But next week will bring the lion's share of results including reports from mega-cap darlings Alphabet, Amazon , Meta Platforms and Microsoft . While the S & P 500 is higher by 10% in 2023, the equal-weighted index is down slightly. Of note, Tesla shares sank more than 9% on Thursday following a pessimistic economic outlook from CEO Elon Musk during the company's earnings call. Its the S & P 500's first weekly loss in three weeks.

Persons: bode, Elon Musk, We're, Sam Stovall, it's, Raphael Bostic, Ed Clissold, Ned Davis, Clissold, Katie Stockton, Rob Ginsberg, I'm, CFRA's Stovall, Stovall, Sherwin, Williams, Kimberly, Hess, Raymond James Financial, Keurig Dr Pepper, Northrop, Willis Towers Watson, Stanley Black, Rowe Price Organizations: Federal Reserve, Microsoft, Investors, CFRA, Dow Jones, Treasury, Fed, Atlanta Federal Reserve, Ned, Ned Davis Research, Wolfe Research, Chicago, P, PMI, P Global PMI Manufacturing, P Global PMI Services, Richmond Fed, Visa, Texas Instruments, General Electric, NextEra Energy, Raytheon Technologies, Dow, Inc, General Motors, Halliburton, Coca, Corning, Hilton Worldwide, General Dynamics, Dominion Freight, Mobile US, Boeing, Raymond, Technology, Whirlpool, International Business Machines, O'Reilly, Honeywell, Northrop Grumman, Mastercard, Amazon, Royal Caribbean Group, Tractor Supply, United Parcel Service, Hasbro, Southwest Airlines, Comcast, Hershey, Intel, L3Harris Technologies, Ford Motor, Energy, Chevron, Decker, Exxon Mobil, Colgate, Palmolive Locations: U.S, Atlanta, AbbVie

☆ The 'blue dollar' is booming: Argentina's lust for the buck pushed its black-market rate up 60,000% since peso parity ended in 2002
▼ + stars: | 2023-10-19 | by ( Anil Varma | ) www.businessinsider.com time to read: +5 min

For decades, the nation has been roiled by hyperinflation, sky-high interest rates, a growing mountain of debt, a string of sovereign defaults, and a cratering exchange rate. Rampant inflation has ravaged Argentina's currency over the years, wiping out much of its value against the dollar and ruining its appeal to consumers. The coveted bucks from the back alleys of Buenos Aires have their own price, even their own name: dólar blue, or the "blue dollar." AdvertisementAdvertisementUp 60,000% and going strongThe dollar's unofficial exchange rate smashed above 1,000 pesos for the first time last week, to hit levels almost three times as high as the official rate. That would almost certainly mean the blue dollar surging to new highs.

Persons: —, It's, Javier Milei, Manuel Cortina Organizations: Service, Spain's Santander Group, Cato Institute, Local, Argentine, Monetary Fund, BBVA Locations: Argentina, Buenos Aires, bluedollar.net, American, Brazil, Argentine, Spanish

One mom told AP about how she had delayed important care for her child because she believed Kennedy’s vaccine falsehoods. The AP found dozens of individuals included in the book died of known causes not related to vaccines, including suicide, choking while intoxicated, overdose and allergic reaction. Kennedy’s Children’s Health Defense produces articles, newsletters, books, podcasts, even TV shows on its own CHD.TV. And hack into that.”Because of his national profile, Kennedy’s work has ripple effects beyond the most devoted anti-vaccine activists. But people involved in the response who spoke to AP said Kennedy and the anti-vaccine activists he supported made things worse.

Persons: Braden Fahey, Gina, Padrig Fahey, ”, Robert F, Kennedy Jr, John F, Kennedy’s, Kennedy, Braden, ” Gina Fahey, “, Sen, that’s, Joe Biden, Donald Trump, Gina Fahey, “ There’s, “ It’s, CHD, Skyhorse, Edward Dowd, Matthew Martinez, Dowd, Tony Lyons, Lyons, Braden's, Francesco Pierri, Matthew DeVerna, Lydia Greene, Greene, ” Greene, ’, Sharon Goldfarb, ” Goldfarb, you’re, …, Dr, Todd Wolynn, ” Wolynn, Trump, Vivek Ramaswamy, he’d, Ron DeSantis, Floridians, Daniel Jolley, Jolley, ” Jolley, Cheryl Hines, Edwin Tamasese, Taylor Winterstein, Helen Petousis, Harris, Moelagi Leilani Jackson, Richard Pan, Pan, Jr, ” Pan, Anthony Fauci, Kerry Kennedy, –, ” Kerry Kennedy, Terry Chea Organizations: Associated Press, Democratic, AP, Skyhorse Publishing, Children’s Health Defense, ”, BlackRock, Atlantic Health, Morristown Medical Center, Kennedy Super, Children's Health Defense, Skyhorse, Indiana University’s Observatory, Social Media, Twitter, Health Defense, Disease Control, Republican, GOP, COVID, Florida Gov, University of Nottingham, Public, RFK, Facebook, Press Locations: California, U.S, Morristown, COVID, New, Hudson, Canadian, Alberta, Berkeley , California, Pittsburgh, Samoa, New Zealand, Sacramento , California, Sacramento, America

PORTLAND, Ore. (AP) — A former nurse convicted of sexually abusing women in custody at an Oregon prison has been sentenced to 30 years in federal prison. A federal jury in July convicted Klein on 17 counts related to sexual assault and four counts of lying under oath involving nine women. Klein resigned as Oregon State Police was investigating the assault allegations. Prosecutors said Klein abused his position and abused women, violating the public's trust, while doing everything he could to avoid getting caught. Numerous women since 2019 have sued the state Department of Corrections and Klein alleging sexual abuse.

Persons: —, Tony Klein's, Klein, wouldn't, Amanda Alvarez Thibeault, Matthew McHenry, Patrick O’Halloran, Prosecutors, Tony Klein, ” Natalie Wight Organizations: Attorney's, of, Prosecutors, Oregon State Police, FBI, Civil Rights, Attorney, District of, of Corrections Locations: PORTLAND, Oregon, —, of Oregon, Portland, Wilsonville, U.S, District of Oregon

☆ Jim Cramer’s guide to investing: Understanding rotations, corrections and execution
▼ + stars: | 2023-10-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said investors should understand Wall Street jargon, including terms like correction, rotation and execution. Cramer said a correction can occur when the market, or just an individual stock, has been roaring, but then suddenly sees a steep decline. Lastly, Cramer explained the term execution, which refers to a company's ability to follow through with its plans. Cramer recommended paying up for what he calls "best of breed" stocks, or companies with leadership that have proven their abilities. "Don't be afraid of rotations and corrections; don't be intimidated by people who use the words," he said.

Persons: CNBC's Jim Cramer, Cramer

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

AUSTIN, Texas (AP) — A woman awaiting trial in the killing of professional cyclist Anna Moriah Wilson tried to run from officers escorting her to a doctor appointment Wednesday, authorities said. Two corrections officers had taken Kaitlin Armstrong to the appointment and were escorting her back to a patrol vehicle “when she ran," Travis County Sheriff spokeswoman Kristen Dark said. Armstrong ran more than a block into a neighborhood, but she could be seen by deputies the entire time before she was caught, Dark said. Armstrong and the two officers were taken to a hospital for a brief examination after the incident, and Armstrong was later returned to jail. Authorities have said Armstrong tried to change her appearance and used several aliases as she moved around Costa Rica while attempting to establish herself up as a yoga instructor in that country.

Persons: —, Anna Moriah Wilson, Kaitlin Armstrong, Kristen Dark, Armstrong, Dark, Rick Cofer, Wilson, Colin Strickland Organizations: Authorities, Police Locations: AUSTIN, Texas, Travis, Vermont, Austin, Costa Rica

☆ Kentucky Innocence Project wages new fight to free Quincy Cross
▼ + stars: | 2023-10-07 | by ( Jacque Smith | ) edition.cnn.com time to read: +17 min

But Cross has always expressed his innocence, and Currin’s father, Joe Currin, has come to believe Cross was wrongfully convicted. CNN will be following the team of the “Wrongful Conviction” podcast as it reports on KIP’s efforts to overturn Cross’ conviction. Stubblefield testified at Cross’ trial that when the gathering wrapped up, Currin left to walk home. Perkins also testified Cross kept pulling up his pants because he wasn’t wearing a belt. Pages of newly discovered emails between Mangold and Galbreath are a part of KIP’s motion to vacate Cross’ conviction.

Persons: Jessica Currin, Quincy Omar Cross, Joe Currin, Cross, “ We’ve, ” Joe Currin, you’ve, Miranda Hellman, KIP, Joshua Lott, Maggie Freleng, Currin, Vinisha Stubblefield, Stubblefield, Jeffrey Burton, Tamara Caldwell, Victoria Caldwell, Burton, Caldwell, Chris, Mike Perkins, Perkins, Stephen Lance Dennee, AP Burton, Victoria Caldwell’s, Alford, Carlos “ Lolo ” Saxton, Jeremy Adams, Saxton, Adams, Jeffrey Burton’s, Stubblefield recanting, wasn’t, “, ”, –, Nathan Kent, Jeff don’t, Victoria Caldwell's, Jessica Currin's, KIP that’s, Hellman, Adams ’, Mayfield, Susan Galbreath, Galbreath, Tom Mangold, Mangold, Currin “, Susan Galbreath gestured, AP Galbreath, Quincy Coss, I’d, She’s Organizations: CNN, Mayfield Middle School, Kentucky Innocence, Washington Post, Paducah Sun, Graves, Kentucky Department of Corrections, Quincy Cross, AP, Cross, Caldwell, Facebook, Kentucky Attorney General’s, Kentucky State Police, Mayfield Police, Mayfield Police Department, Kentucky, Investigation, Quincy, Kentucky Bureau, Gatorade, General’s Locations: Kentucky, Graves, Mayfield, Mayfield , Kentucky, Stubblefield, Caldwell, Union City , Tennessee, Graves County

☆ Tyranny of the 10-year Treasury yield: Is Big Tech about to get a major valuation reset?
▼ + stars: | 2023-10-05 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That's the key question all investors need to be asking themselves as the 10-year Treasury yield reaches 16-year highs. The 10-year Treasury yield, while taking a breather Wednesday, shot up this week to 4.8%, its highest level since 2007. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Warren Buffett, Baron Rothschild, Kevin McCarthy, they've, it's, opportunistically, Jensen Huang, Jim Cramer's, Jim Cramer Rob Kim Organizations: Treasury, Apple, Bulls, Federal Reserve, GOP, California Republican, U.S, AAA, U.S ., Nvidia, Club, Microsoft, Charitable Trust, CNBC, UAW Locations: California

It’s a case that highlights the vulnerability of prisoners who are dependent on authorities for medical care. Winborn's attorneys played a video showing his difficulties in adapting to life without hands, including feeding himself. “I don't sleep because every time I dream, I dream I have my hands, you know. Jail officials stated in their depositions that they couldn't remember what happened. "The County and MCIT are hopeful the resolution of this matter will help provide Mr. Winborn with the medical care and quality of life assistance he needs,” Hiveley said.

Persons: Terrance Dwayne Winborn, It’s, Winborn, Katie Bennett, Jason Hiveley, Scott County, Winborn’s, “, they're, ”, necrotizing fasciitis, ” Hiveley Organizations: Minnesota, Intergovernmental Trust Locations: MINNEAPOLIS, Minnesota, Scott County, Scott, Marshall, Minneapolis, Shakopee

Florida said the White House is conditioning transportation funding on the state's agreement not to enforce provisions that the Secretary of Labor believes undermine collective bargaining. Acting Labor Secretary Julie Su, Transportation Secretary Pete Buttigieg and their respective agencies are among the defendants. The Labor Department did not immediately respond to a request for comment. "Florida passed laws to protect workers from being strong-armed by unions," Republican state Attorney General Ashley Moody said in a statement. "We're pushing back against this overreach to protect our state's autonomy and Florida workers."

Persons: Andrew Kelly, Biden, Ron DeSantis, Bill, Julie Su, Pete Buttigieg, General Ashley Moody, Donald Trump, Jonathan Stempel, David Gregorio Our Organizations: Department of Labor, Washington , D.C, REUTERS, Republican, Labor, U.S . Department, Department of Transportation, Labor Department, Florida Education Association, Democrat, Court, Southern District of, Thomson Locations: Washington ,, Florida, paychecks, U.S, Southern District, Southern District of Florida, New York

☆ A crescendo of panic selling is the one missing ingredient to a year-end stock market rally
▼ + stars: | 2023-10-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is missing one key ingredient to mount a year-end rally, according to Bank of America. Favorable fourth-quarter seasonal patterns would support a year-end rally if the capitulation event materializes. AdvertisementAdvertisementThe US stock market is missing one key ingredient for a year-end rally to materialize, according to a recent note from Bank of America. This is likely a key ingredient ahead of a year-end rally for the S&P 500," Bank of America technical strategist Stephen Suttmeier said. Ultimately, Suttmeier believes the stock market is in a long-term bullish uptrend, and that 2023 will represent a pivotal year for the bull market.

Persons: —, Stephen Suttmeier, Suttmeier, it's Organizations: Bank of America, Service, Nasdaq, New York Stock Exchange, Big, Trump, Corrections Locations: China

The lawsuit accuses prison officials of placing inmates into confinement based on secret evidence, leaving them unable to challenge their placement. A number of lawsuits nationally have targeted the conditions of solitary confinement, saying that the treatment of incarcerated people there has led to psychiatric episodes of self-mutilation and death due to lack of adequate care. The lawsuit asks the court to end the use of secret evidence and solitary confinement for mental health patients. But mental health treatment in the prison is “grossly inadequate” and Maldonado's time in solitary confinement caused insomnia, anxiety, depression and suicidal ideation, his lawyers said. Maldonado was prescribed an antidepressant, but was also taunted as being weak by others in solitary confinement, who can hear visits from mental health staff.

Persons: Angel Maldonado, ” Maldonado, “, Maldonado, ideation, ”, Alexandra Morgan, Kurtz, ” ___ Brooke Schultz Organizations: of Corrections, Correctional, Department of Corrections, Mental, Pennsylvania Institutional Law, Associated Press, America Statehouse News Initiative, America Locations: HARRISBURG, Pa, Pennsylvania, of Corrections ’, Fayette

GLENNVILLE, Ga. (AP) — A Georgia prison guard died Sunday after he was attacked by an inmate, state officials said. Correctional officer Robert Clark, 42, died at a hospital after an inmate assaulted him with a homemade weapon at Smith State Prison in rural Glennville, the Georgia Department of Corrections said in a news release. “We will support them as they navigate this tragedy over the coming days, weeks and months.”Clark had begun working as a state corrections officer six months ago, the agency said. The second inmate tried to help the officer and was also wounded. Political Cartoons View All 1190 ImagesThe Department of Corrections identified the inmate who attacked the two men as Layton Lester and said he is facing charges in Clark's death and the assault on the second inmate.

Persons: Robert Clark, Clark’s, Tyrone Oliver, ” Clark, Clark, Layton Lester, Lester Organizations: Georgia Department of Corrections, GDC, of Corrections Locations: Georgia, Glennville, Tift County

☆ FAA closes investigation into Blue Origin rocket failure, requires 21 'corrective actions'
▼ + stars: | 2023-09-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin, the regulator announced Wednesday. Blue Origin is required by the FAA to "implement 21 corrective actions," the regulator said in a statement. The FAA noted that Blue Origin will not be clear to launch New Shepard until after Blue Origin implements "all corrective actions that impact public safety" and receives an updated launch license. "We've received the FAA's letter and plan to fly soon," a Blue Origin spokesperson said in a statement. Earlier this year, Blue Origin said the source of the issue was an overheated part in the rocket engine's nozzle.

Persons: Shepard, Jeff Bezos, We've, New Shepard Organizations: Federal Aviation Administration, FAA, Shepard, Origin, BE, Blue Locations: West Texas, Texas, New

WASHINGTON (Reuters) - Florida Governor Ron DeSantis had a chance in April to address Donald Trump’s growing momentum toward the 2024 Republican presidential nomination. FILE PHOTO: Florida Governor Ron DeSantis talks with journalists after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 24 April 2023. The unforced errors in that early stage had a lasting impact on DeSantis’ campaign, they acknowledged. “The president was dead set on attacking Ron DeSantis as early as possible,” Chris LaCivita, Trump’s co-campaign manager, told Reuters. LESSONS LEARNEDAides say DeSantis’ campaign has sought to make some strategic adjustments.

Persons: Ron DeSantis, Donald Trump’s, Fumio Kishida, KIMIMASA, Trump, DeSantis, coy, I’m, Trump’s, ”, DeSantis ’, “, Chris LaCivita, “ DeSantis, MAGA, LaCivita, ” LaCivita, Ford O’Connell, unelectable, Robert Bigelow, Ryan Tyson, ” David Polyansky, Evan Power, Power Organizations: WASHINGTON, Trump, Reuters, Iowa, TRUMP, Twitter, Republican, Social Security, Medicare, Inc, intoned, Conservatives, DeSantis, U.S, Congress, Republicans, Florida Republican Party Locations: Florida, Tokyo, Japan, New York, Iowa, “, Tallahassee, Lago

Florida Governor Ron DeSantis talks with journalists after meeting Japanese Prime Minister Fumio Kishida at the latter's official residence in Tokyo, Japan, 24 April 2023. Reuters spoke to 16 political operatives and donors close to DeSantis to reconstruct the roughly 10-week period from mid-March - before Trump's first criminal indictment in New York - to DeSantis' campaign launch on May 24. The unforced errors in that early stage had a lasting impact on DeSantis' campaign, they acknowledged. "The president was dead set on attacking Ron DeSantis as early as possible," Chris LaCivita, Trump's co-campaign manager, told Reuters. LESSONS LEARNEDAides say DeSantis' campaign has sought to make some strategic adjustments.

Persons: Ron DeSantis, Fumio Kishida, KIMIMASA, Donald Trump's, DeSantis, Trump, coy, Trump's, Chris LaCivita, MAGA, LaCivita, Ford O'Connell, unelectable, Robert Bigelow, Ryan Tyson, David Polyansky, Evan Power, Power, Gram Slattery, Jim Oliphant, Nathan Layne, Alexandra Ulmer, Ross Colvin, Daniel Flynn Organizations: Rights, Trump, Reuters, Iowa, TRUMP, Twitter, Republican, Social Security, Medicare, Inc, intoned, Conservatives, DeSantis, U.S, Congress, Republicans, Florida Republican Party, San, Thomson Locations: Florida, Tokyo, Japan, New York, Iowa, Tallahassee, Lago, San Francisco

☆ How DeSantis' Early Missteps Hobbled His U.S. Presidential Bid
▼ + stars: | 2023-09-25 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +11 min

Reuters spoke to 16 political operatives and donors close to DeSantis to reconstruct the roughly 10-week period from mid-March - before Trump's first criminal indictment in New York - to DeSantis' campaign launch on May 24. The unforced errors in that early stage had a lasting impact on DeSantis' campaign, they acknowledged. The DeSantis campaign told Reuters it did not want to discuss any past strategic decisions and was focused on preparing for the first nominating contests, which kick off with the Iowa caucus on Jan. 15. "The president was dead set on attacking Ron DeSantis as early as possible," Chris LaCivita, Trump's co-campaign manager, told Reuters. LESSONS LEARNEDAides say DeSantis' campaign has sought to make some strategic adjustments.

Persons: Gram Slattery, James Oliphant, Nathan Layne WASHINGTON, Ron DeSantis, Donald Trump's, DeSantis, Trump, coy, Trump's, Chris LaCivita, MAGA, LaCivita, Ford O'Connell, unelectable, Robert Bigelow, Ryan Tyson, David Polyansky, Evan Power, Power, Jim Oliphant, Nathan Layne, Alexandra Ulmer, Ross Colvin, Daniel Flynn Organizations: Trump, Reuters, Iowa, TRUMP, Twitter, Republican, Social Security, Medicare, Inc, intoned, Conservatives, DeSantis, U.S, Congress, Republicans, Florida Republican Party Locations: Florida, Japan, New York, Iowa, Tallahassee, Lago, San Francisco

By comparison, its closest mainstream cousin, the Google-owned video service YouTube, has billions of monthly logged-in users, a spokesperson said. In an emailed response, they said the leaderboard rankings are generated from the most liked recent videos on the site. However, YouTube, unlike Rumble, has said it will continue to remove content that tries to deceive voters in the 2024 elections. The RNC said it was taken down to direct users to the debate livestream and avoid confusing viewers with multiple videos. Other comments on his recent videos told Trump to “execute” Democrats and suggested that someone should “build a lot of gallows.”Rumble said it removed those comments in response to AP's inquiry.

Persons: Ronna McDaniel, ”, Peter Thiel, Republican Sen, J.D, Vance of Ohio, Ron DeSantis, Vivek Ramaswamy, Donald Trump, Robert F, Kennedy Jr, Rumble, Joe Biden, Trump, Chris Pavlovski, Jared Holt, “ It's, Holt Organizations: Fox Business Network, Univision, GOP, Republican National Committee, Facebook, YouTube, Big Tech, RNC, Republican, Google, Florida Gov, Democratic, Meta, Associated Press, US, Institute for Strategic, AP Locations: London

☆ UBS says Zurich and Tokyo are the cities most at risk of being in a housing bubble. Here are the other 15 markets where they warn home prices are overvalued — and the 6 most vulnerable to declines.
▼ + stars: | 2023-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

This is driving up mortgage rates after years of lower-rate policies, crushing affordability and sinking home prices in some metropolitan areas. In the note, the pair released UBS's most reading of its Global Real Estate Bubble Index. Two cities — Zurich and Tokyo — top the list and are considered to be in "bubble risk" territory by being at least 1.5 standard deviations out of their index norm (Zurich at 1.71 and Tokyo at 1.65). UBS"Such high multiples come from an excessive appreciation of housing prices in the wake of previously low interest rates," Saputelli and Holzhey said. "House prices in all these cities remain vulnerable to corrections should interest rates remain elevated for longer or continue to rise further."

Persons: Claudio Saputelli, Matthias Holzhey, Holzhey Organizations: Federal Reserve, European Central Bank, Reserve Bank of India, Bank of England, Reserve Bank of Australia, Bank of, Central Bank of, Bank of Canada, UBS, Swiss, —, Tokyo —, Miami Locations: Bank of Korea, Central Bank of Brazil, — Zurich, Tokyo, Zurich, Munich, Frankfurt, Hong Kong, Toronto, Geneva, Los Angeles, London, Tel Aviv, Vancouver, Amsterdam, Stockholm, Paris, Sydney

☆ If you've ever thought about relocating to New Zealand, now might be the perfect time
▼ + stars: | 2023-09-23 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

New Zealand is adding 17 new jobs to its Immigration Green List. The country is expanding its Immigration Green List, adding 17 new roles including panel beaters, welders, and IT administrators as it tries to address an ongoing skills shortage. The list allows employers to use Green List visas to fill specialist roles if they're unable to recruit a local, while providing a fast-track route to residency for employees. The new job additions, which also include aviation engineers, corrections officers, vehicle painters, and naval architects, open up the list to more industries, New Zealand immigration minister Andrew Little said in a statement. AdvertisementAdvertisementThe move comes as part of a package of new immigration policies as New Zealand seeks to revitalize its economy following the pandemic.

Persons: they're, Andrew Little, Little Organizations: Service, Bloomberg Locations: Zealand, Wall, Silicon, New Zealand

Alabama Judicial Building, where the state supreme court meets, is seen in Montgomery, Alabama, U.S. September 26, 2019. REUTERS/Chris Aluka Berry/File Photo Acquire Licensing RightsSept 22 (Reuters) - The Supreme Court of Alabama is weighing whether to allow the state to become the first to execute a prisoner with a novel method: asphyxiation using nitrogen gas. Smith's lawyers have said the untested protocol may violate the U.S. Constitution's ban on "cruel and unusual punishments." They are due to file their opposition to the attorney general's death warrant application with the court on Friday. Oklahoma and Mississippi have also approved nitrogen asphyxiation executions, but are yet to try the method.

Persons: Chris Aluka Berry, Steve Marshall, Kenneth Smith, Smith, Alabama's, gurney, Joel Zivot, Zivot, Jonathan Allen, Timothy Gardner Organizations: Alabama Judicial, REUTERS, Alabama, Alabama Department of Corrections, Emory School of Medicine, Thomson Locations: Alabama, Montgomery , Alabama, U.S, Oklahoma, Mississippi, New York

☆ It was a big week for interest rates. Here’s what you need to know
▼ + stars: | 2023-09-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Central bank officials around the world relayed a somewhat unified message this week to the global economy: Inflation is coming down, but the battle is far from won. Most held rates steady, taking a breather from a historic pace of interest rate hikes to stabilize skyrocketing prices. United States: The Federal Reserve in September paused interest rates for the second time after first hitting the brakes in June. The central bank has hiked rates 11 times since last March. While central banks took steps to pause interest rates this week, they kept future hikes on the table.

Persons: ”, Brian Henderson, Nate Thooft, TikTok, Nnete Matima, Catherine Thorbecke, Clare Duffy, TikTok’s, George Floyd, ” Matima, ByteDance, Matima, Anna Bahney, —, Read Organizations: CNN Business, Bell, CNN, Federal Reserve, Fed, BOK Financial, United, Bank of England, Swiss National Bank, Manulife Investment Management, National Association of Realtors, That’s, NAR Locations: United States, United Kingdom, Switzerland, TikTok, Northeast, Midwest, South

☆ Gershun Freeman: Nine Memphis deputies charged in death of Black man
▼ + stars: | 2023-09-21 | by ( Brendan O'Brien | ) www.reuters.com time to read: +3 min

The parents of another man beaten in Memphis, Tyre Nichols, are in the center. "Let me be clear, no actions by any Shelby County Sheriff's Office employee caused Mr. Freeman's death ... I stand with these officers," Bonner said during the news conference, adding that the medical examiner determined that Freeman died from a pre-existing heart condition. The case has garnered more national attention since the Jan. 7 beating death of another Black man, Tyre Nichols, by Memphis police officers who are now charged with murder. Nashville-Davidson County District Attorney Glenn Funk is handling the case against the officers after Shelby County District Attorney Steve Mulroy recused himself.

Persons: Ben Crump, Gershun Freeman, Tyre Nichols, Shelby County Sheriff Floyd Bonner, Bonner, Freeman, Black, Glenn Funk, Steve Mulroy, Mulroy, Brendan O'Brien, Chizu Organizations: Shelby County Sheriff, Sheriff's, Memphis, Nashville, Thomson Locations: Shelby, Memphis , Tennessee, U.S, Memphis, Shelby County, Davidson, Chicago

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