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☆ U.S. Blocks Dominican Republic Company’s Sugar Imports Over Alleged Forced Labor
▼ + stars: | 2022-11-23 | by ( Richard Vanderford | ) www.wsj.com time to read: +2 min

U.S. Customs and Border Protection has blocked imports of sugar and sugar-based products from a Dominican Republic-based company because of its alleged use of forced labor, a move that comes amid a broader crackdown. U.S. Customs will detain raw sugar and sugar-based products produced in the Dominican Republic by Central Romana Corp. after the agency uncovered multiple indicators of forced labor. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEWIn 2020, the U.S. put together a task force to go after companies using forced labor, and in recent months has promised aggressive action. “We’re not a one-trick pony,” Mr. Silvers told The Wall Street Journal’s Risk & Compliance Forum earlier this month.

☆ Resident who died by suicide blamed in Maryland apartment blast, fire that injured 14, police say
▼ + stars: | 2022-11-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

An apartment unit resident likely caused an explosion and fire that injured 14 people and brought down part of a Maryland apartment building as he took his own life, authorities said Friday. His manner of death was suicide, police Chief Marcus G. Jones said at a news conference Friday. “He made statements that were indicative of intentions of suicide,” Jones said, basing the finding on witnesses who knew the resident. During a news conference Thursday, County Fire Chief Scott E. Goldstein called his unit “our apartment of focus,” but he did not say why. If you or someone you know is in crisis, call 988 to reach the Suicide and Crisis Lifeline.

☆ Markets are watching for more clues on Fed hikes and the economy in the week ahead
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market's warnings about recession getting louder. "That's going to cause its own pressure on markets because markets never look through a profit recession." In the past week, Fed officials maintained their tough tone and some even sounded more hawkish. A rallying stock market is a sign of looser financial conditions. "The stock market is complicating the Fed's objective," said Lyngen.

☆ North Korea fires ballistic missile as it vows ‘fiercer’ military response to U.S. and allies
▼ + stars: | 2022-11-17 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

SEOUL, South Korea — North Korea launched a short-range ballistic missile toward its eastern waters on Thursday, South Korea’s military said, hours after the North threatened to launch “fiercer” military responses to the U.S. bolstering its security commitment to its allies South Korea and Japan. It said South Korea has strengthened its surveillance of North Korea while maintaining military readiness in close coordination with the United States. It was North Korea’s first ballistic missile firing in eight days and the latest in its barrage of tests in recent months. North Korea previously said some of the tests were simulations of nuclear attacks on South Korean and U.S. targets. Many experts say North Korea would eventually want to enhance its nuclear capability to wrest bigger concessions from its rivals.

☆ Shooting in gang-plagued Mexican state leaves 9 dead
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Nov 10 (Reuters) - A shooting left nine dead and two wounded at a bar in the central Mexican state of Guanajuato, which has increasingly suffered from cartel violence, local authorities said Thursday. Five men and four women were killed in the gunfire and two more women were hurt, the town said. The assailants had not yet been identified, officials said, adding that units of state and federal authorities as well as the National Guard would be moved into the area. Last month, 12 were killed at a bar in the city of Irapuato, following a nearby shooting that left 10 dead in September. Homicides have dropped slightly in 2022, though Lopez Obrador's term is on track to be the deadliest in modern history.

☆ Kanye West's worst nightmare is coming true — Adidas plans to sell Yeezys under new branding
▼ + stars: | 2022-11-09 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

On an earnings call Wednesday, Adidas said it plans to release more Yeezys under its own branding. "I'm not standing for this blatant copying no more," he wrote on Instagram reacting to images of the Adidas Adilette slide. On a Wednesday call to discuss quarterly earnings, Adidas Chief Financial Officer Harm Ohlmeyer reiterated the company owns the designs it made in partnership with Ye. Pressed during a subsequent Q&A with reporters, Ohlmeyer declined to elaborate on Adidas' plans, beyond repeating the company owns "all the versions and new colorways. An exception could be the Yeezy Slide, for which Ye owns the patent.

☆ Earnings playbook: How to trade results from Disney and 3 electric car makers
▼ + stars: | 2022-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Monday Palantir Technologies is set to report earnings before the bell, followed by a conference call at 8 a.m. Tuesday Disney is set to report earnings after the bell, followed by a conference call at 4:30 p.m. Lucid is set to report earnings after the close, with a management call set for 5:30 p.m. Rivian is set to report earnings after the close, with management holding a call at 5 p.m. Beyond Meat is set to report earnings after the bell, followed by a conference call at 5 pm.

Representative Marjorie Taylor Greene Republican of Georgia Suggested Mr. Pelosi knew his attacker. Elon Musk Chief executive of Twitter and Tesla Amplified a conspiracy theory about male prostitution. Finding life on far-right websites and the so-called dark web, conspiracy theories and falsehoods leaped from the fringes to the mainstream. Each comment Friday, Oct. 28 6 p.m. A conspiracy theory circulates widely that the attack was the result of a sexual affair. saturday, oct. 29 at 9 p.m. A conspiracy theory circulates widely that the attack was the result of a sexual affair.

North Korea has escalated its weapons tests and fiery rhetoric as the U.S. and South Korea continue large-scale joint military exercises this week. An hour later, North Korea fired two suspected short-range ballistic missiles toward the sea from the Gaechon area of South Pyongan province. North Korea last tested an intercontinental ballistic missile in March, its first such test since 2017. Early last month, North Korea sent an intermediate-range ballistic missile soaring over Japan in its longest-ever weapons test. Tensions had already risen Wednesday when South Korea responded to North Korea’s barrage by firing three air-to-surface missiles of its own.

☆ Wall Street drops as Powell signals Fed not close to done
▼ + stars: | 2022-11-02 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

Reuters GraphicsInvestors had been widely anticipating a 75-basis point rate hike, while hoping the Fed would signal a willingness to begin downsizing the rate hikes at its December meeting. However, comments from Fed Chair Jerome Powell that it was "very premature" to be thinking about pausing rate hikes sent stocks sharply lower. Wednesday's decline was the largest percentage drop for the S&P 500 since October 7. The private payrolls report came on the heels of data on Tuesday that showed a jump in U.S. monthly job openings, indicating labor demand remained strong. The S&P 500 posted 22 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 108 new highs and 203 new lows.

☆ North Korea launches 23 missiles as Kim Jong Un climbs the 'escalation ladder'
▼ + stars: | 2022-11-02 | by ( Stella Kim | Jennifer Jett | ) www.cnbc.com time to read: +7 min

North Korea's provocations on Wednesday, while highly symbolic, are "more for show than for military escalation," he told NBC News. Hours before firing its first missiles, North Korea threatened the United States and South Korea over joint military exercises continuing this week that the North considers a rehearsal for invasion. Yoon's office said the timing of the North Korean launches "clearly showed the nature of the North Korean government." Over the course of the day, North Korea fired at least 23 ballistic missiles toward the sea. But Russia and China are also wary of North Korea and its unpredictability, Foster-Carter said.

The back half of the earnings season gets underway this week, with key companies across different sectors set to report. FactSet data shows that slightly more than 70% of the S & P 500 that have reported earnings have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell, followed by a conference call at 5 p.m. Wednesday Yum Brands is set to report earnings before the bell, with management holding a call at 8:15 a.m. EBay is set to report earnings after the bell, followed by a call at 5 p.m.

☆ Earnings playbook: How to trade the busiest week of the season thus far, including Apple and Amazon
▼ + stars: | 2022-10-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +17 min

It's the busiest week of the earnings season thus far, with nearly 150 S & P 500 components set to report. What history shows: Coca-Cola has outperformed analyst earnings expectations in the last 11 quarters, FactSet data shows. Alphabet is set to report earnings after the close, with management expected to hold a conference call at 5 p.m. What history shows: FactSet data shows Microsoft's earnings per share have come in above expectations in 24 of the last 25 quarters. What history shows: McDonald's earnings per share have outperformed expectations in six of the last 10 quarters, FactSet data shows.

☆ Britain's political scene is in absolute chaos — right at the worst possible time. Here's what you need to know
▼ + stars: | 2022-10-20 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Political chaos in the U.K. continues, including a high-profile resignation and questions over how long Liz Truss has in office. House of Commons - PA Images / Contributor / Getty Imageswatch nowTruss said she was "a fighter not a quitter" as she was grilled by parliamentarians. Opposition Labour leader Keir Starmer asked how the British public could have faith in a leader whose "promises didn't last a week." Truss has apologized for mistakes made during her first six weeks in office. Members were also told they would "lose the whip" – effectively losing their position in Parliament – if they voted to ban fracking.

☆ Sterling weakens as Truss clings to power, markets dial back rate-hike bets
▼ + stars: | 2022-10-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +3 min

British Prime Minister Liz Truss battled to retain her grip on power, a day after a second top minister quit and rowing and jostling broke out among her lawmakers in parliament. Analysts said a dialling back of aggressive rate hike bets following comments from the BoE's Ben Broadbent also weighed on sterling. Investors reined in further their bets of a full percentage-point interest rate increase by the BoE next month following the comments. "The dip in sterling is more driven by monetary policy than politics," said Colin Asher, senior economist at Mizuho Bank. "Broadbent noted that the policy rate may not need to go up as much as markets are pricing and short-term gilt yields and sterling both declined."

☆ Sterling rallies as pressure on UK PM Truss mounts
▼ + stars: | 2022-10-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +3 min

British Prime Minister Liz Truss is meeting Graham Brady, the head of the 1922 Committee of Conservative lawmakers, a source in Truss's Downing Street office said. Register now for FREE unlimited access to Reuters.com RegisterAgainst this backdrop, the pound rose 0.5% to $1.1260 , having earlier traded 0.4% down. Analysts said a dialling back of aggressive rate hike bets following comments from the BoE's Ben Broadbent also weighed on sterling. Investors reined in further their bets of a full percentage-point interest rate increase by the BoE next month following the comments. Rating agencies S&P and Moody's review UK sovereign ratings on Friday, another potential headwind for British markets.

☆ Supreme Court asked to block Biden student debt relief program
▼ + stars: | 2022-10-19 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Supreme Court nominee and U.S. Court of Appeals Judge Amy Coney Barrett on Capitol Hill in Washington, October 21, 2020. Ken Cedeno | ReutersThe Supreme Court on Wednesday was asked to block the Biden administration's student loan debt relief program, which is set to take effect this weekend. The U.S. Department of Education opened its application for student loan forgiveness in a beta test on Friday. The Biden administration could start processing borrowers' requests for student loan forgiveness as soon as this Sunday. Legal challenges against student loan forgiveness

☆ A new report reveals the best — and worst — days to book a flight
▼ + stars: | 2022-10-19 | by ( Brady Macdonald | ) www.businessinsider.com time to read: +2 min

Data from the new 2023 Air Travel Hacks Report from ARC and Expedia reveals the best day to book flights. The best day of the week to book your airfare is a Sunday. The new 2023 Air Travel Hacks Report from Airlines Reporting Corporation and Expedia released on Wednesday offers hacks, tips, and tricks on booking your next flight. You can save 10% by booking domestic flights a month in advance and international flights six months before traveling, according to the travel data firm. Ticketing data shows a return of business travel following a surge in leisure travel during the first half of 2022.

☆ Earnings playbook: How to trade a big week of results including Netflix and Goldman Sachs
▼ + stars: | 2022-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +13 min

Tuesday Johnson & Johnson is set to report earnings in the premarket, followed by a call at 8:30 a.m. What history shows: FactSet data shows Johnson & Johnson has beaten earnings expectations every quarter since 2011. Goldman Sachs is set to report earnings before the market open. Netflix is set to report earnings after the bell, followed by a conference call between management and analysts at 6 p.m. What history shows: American Airlines has beaten earnings expectations 89% of the time over its history, according to Bespoke.

☆ Investing Club: The week in review, the week ahead — Oct. 14, 2022
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club trades for the week Monday Bought 20 shares of Constellation Brands (STZ); Trust owns 390 shares of STZ. On Wednesday, the September producer price index was reported to have risen 0.4% monthly, double the expectation. On Thursday, the September consumer price index was also reported to have increased 0.4% monthly, above the expectation for a 0.3% increase. Excluding automobile sales, sales were up 0.1% slightly ahead of the expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Socionext defies chip slump with Japan's biggest IPO this year
▼ + stars: | 2022-10-12 | by ( Sam Byford | ) www.reuters.com time to read: +3 min

TOKYO, Oct 12 (Reuters) - Making its market debut on Wednesday, Japan's Socionext Inc (6526.T) bucked softening sentiment toward chips by surging 15% in Tokyo's biggest initial public offering of the year so far. The total deal size was 76.8 billion yen ($525 million), including an overallotment of 2.74 million shares. Based in Yokohama, Socionext was formed in 2015 out of a merger between chipmaking units at Fujitsu Ltd (6702.T) and Panasonic Holdings Corp (6752.T). Socionext says it designs SoCs for clients including major automakers and 5G vendors. But Chu said Socionext was coming in at a "wide discount" to international peers.

We're buying 25 shares of Estee Lauder (EL) at roughly $213.94 each. We believe Estee Lauder fits this criteria and this is a stock we started buying in late September . But this multiple is down from roughly 46x earnings when we exited the position in December 2021 at around $360 . Additionally, the stock's forward price to earnings multiple is now back to its pre-pandemic levels, an important consideration during this great reset of valuations. A sales assistant arranges lipsticks at an Estee Lauder store.

☆ Hurricane Ian videos capture heroic rescues and widespread devastation in Florida
▼ + stars: | 2022-09-29 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

After the eye of Hurricane Ian wreaked havoc over Florida Wednesday, striking videos have surfaced showing heroic rescues of people stranded in submerged cars and wading in floodwaters, as well as heartbreaking footage of the widespread devastation left in the storm’s wake. As Floridians grapple with rushing floodwaters, life-threatening storm surges, and a blackout affecting more than 2 million people — glimmers of hope have emerged in videos showing how the community has stepped up to protect one another. Glen rushing out there and helping some people in.”In Naples, the Naples Fire-Rescue Department shared video showing the rescue of a woman from a submerged vehicle Wednesday. The video shows the moment the man is lifted from the vehicle and two men carry him through waist-deep water looking for a safe place to hunker down. Videos uploaded online show the havoc the storm left in its wake and how quickly it came ashore, submerging entire neighborhoods.

Hurricane Ian had weakened to a Category 1 late Wednesday, but the powerful storm that caused life-threatening storm surges, floods that stranded people in their homes and knocked out power to more than 2 million was not over, officials warned. At 2 a.m., Ian was around 55 miles southwest of Cape Canaveral and moving northeast at 9 mph, the hurricane center said. The storm is believed to be one of the strongest hurricanes ever recorded making landfall in Florida. Central and northeast Florida could get 20 inches of rain, and life-threatening storm surge remained a risk for parts of Florida’s western and eastern coasts, the hurricane center said. But it then will likely turn north and approach the northeastern Florida, Georgia and South Carolina coasts Friday, according to the hurricane center.

☆ Hurricane Ian downgraded to tropical storm as it continues to batter Florida
▼ + stars: | 2022-09-29 | by ( Phil Helsel | ) www.cnbc.com time to read: +1 min

A flooded street is seen in downtown as Hurricane Ian makes landfall in southwestern Florida, in Fort Myers, Florida, U.S. September 28, 2022. Hurricane Ian was downgraded to a tropical storm Thursday morning, but officials have warned the powerful storm that brought life-threatening storm surges, floods that left people stranded in their homes and knocked out power to more than 2.5 million customers was not over. President Joe Biden on Thursday declared a major disaster in Florida over the devastation caused by the storm. By 5 a.m., Ian was around 55 miles southwest of Cape Canaveral and moving northeast at 9 mph, the hurricane center said. The storm is believed to be one of the strongest hurricanes ever recorded making landfall in Florida.

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