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Woolworths and smaller rival Coles Group Ltd (COL.AX) have experienced wild swings in Australian consumer behaviour since COVID-19 lockdowns in 2020 sparked grocery stockpiling. As with Coles' interim result reported on Tuesday, the Woolworths profit gain was helped by a sharp decline in COVID-19 related expenses. Woolworths shares were up 2% by midsession, against a 0.3% dip in the broader benchmark(.AXJO), as analysts cheered the prospect of profit margin growth at a company exposed to rising supply costs. "Momentum in the key Australian Food business remains solid, with sales growth rates better than expected in early 2H23," E&P Financial retail analyst said Phillip Kimber in a client note. Woolworths declared an interim dividend of 46 Australian cents per share, compared with 39 Australian cents a year earlier.
NHL Roundup: Canes rout Caps in Stadium Series
  + stars: | 2023-02-19 | by ( ) www.reuters.com   time to read: +9 min
Josh Brown and Travis Boyd each had a goal and an assist, and Christian Fischer also scored. Arizona has earned points in eight straight games (4-0-4) for the first time in 11 years. Corey Perry and Vladislav Namestnikov each had a goal and an assist, and Steven Stamkos and Pierre-Edouard Bellemare also scored goals for Tampa Bay. Columbus' Mathieu Olivier collected a goal and two assists, Eric Robinson had one of each and Liam Foudy scored his first career NHL regular-season goal. Joonas Korpisalo turned aside 28 shots for the Blue Jackets, while forward Johnny Gaudreau sat out because of a lower-body injury, ending his streak of playing in 349 straight games.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCBO Director Phillip Swagel: There's broad consensus in Congress to tackle budget concernsPhill Swagel, the director of The Nonpartisan Congressional Budget Office, joins 'Squawk Box' to discuss the Congressional Budget Office's debt warning, the potential for the U.S. to default on its debt, and rising interest payments challenging the U.S. budget window.
WASHINGTON — The United States Treasury will exhaust its emergency measures to prevent a debt default sometime between July and September unless Congress raises the $31.4 trillion debt limit, the Congressional Budget Office projected Wednesday. The latest projection notes that the final date will be determined by tax revenues the IRS receives in April. Should those measures be exhausted before President Joe Biden can sign off on a new debt limit passed by Congress, "the government would have to delay making payments for some activities, default on its debt obligations, or both," said Swagel. A large bloc of Republicans in the House have demanded Congress pass drastic cuts to federal spending before they will agree to vote to raise the debt limit, effectively using their leverage within the GOP to force their priorities to the front of the line. Republicans argue that the debt limit and annual federal spending are inextricably linked, the same way household debt is a product of household spending.
"If the debt limit is not raised or suspended before the extraordinary measures are exhausted, the government would be unable to pay its obligations fully," the CBO report said. "As a result, the government would have to delay making payments for some activities, default on its debt obligations, or both." CBO Director Phillip Swagel attributed the rise to higher interest rates that particularly are hitting the housing industry, coupled with slowing business investment. REUTERS/Elizabeth FrantzRepublicans, who control the House of Representatives, want to withhold a debt limit increase until Democrats agree to deep spending cuts. Democrats in turn say the debt limit should not be "held hostage" to Republican tactics over federal spending.
NHL roundup: Tim Stutzle helps Senators rally past Flames
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: +3 min
February 14 - Tim Stutzle scored 1:55 into overtime to cap off a four-point night and give the Ottawa Senators a 4-3 comeback win over the visiting Calgary Flames on Monday. Stutzle had assists on all three of the Senators' earlier goals, and the forward matched a personal best with four points in a game. The Flames are 12-9-11 in one-goal games this season, with the 20 combined one-goal losses leading the NHL. Roman Josi and Colton Sissons scored goals for the Predators, who lost for the second time in their last three games. Sheldon Dries replied for the Canucks, who have just one win in their past five games (1-3-1).
Outlook for Singapore banks remains positive, analyst says
  + stars: | 2023-02-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutlook for Singapore banks remains positive, analyst saysPaul Chew of Phillip Securities Research discusses DBS Group Holdings' fourth-quarter earnings, and how banks in Singapore will benefit from higher interest rates.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect one or two more small rate hikes before the Fed pauses, says investment management firmPhillip Wool of Rayliant Global Advisors says U.S. Federal Reserve Chair Jerome Powell's suggestion that he would like to keep monetary policy restrictive for a little longer can be taken at "face value."
A former UK sales director will get more than $86,000 after alleging wrongful dismissal and age discrimination. Mark Jones, now in his 60s, claims his former boss said, "I don't want a team of bald-headed 50-year-old men." Jones says he was later put on a "sham" performance improvement plan that led to him resigning last year. Mark Jones was a sales director at UK-based cell phone company Tango Networks. "I don't want a team of bald-headed 50-year-old men — I want to change the dynamics," Hesketh allegedly said.
NHL roundup: Devils blow lead, top Canucks in OT
  + stars: | 2023-02-07 | by ( ) www.reuters.com   time to read: +4 min
Bratt, stationed in the right faceoff circle, took a no-look pass from Jack Hughes and fired a shot well beyond the glove of Canucks goalie Collin Delia. Hughes and Ondrej Palat had two goals apiece for the Devils, who scored three goals in a 50-second span midway through the second period. The Ducks scored their goals 1:26 apart in the third period to tie the score. Silfverberg tipped in a point shot from Kevin Shattenkirk to cut the lead to 2-1 at 11:04. Karel Vejmelka stopped 33 shots for the win as Arizona improved to 3-1-1 in its past five games.
Global company names often get Anglicized or Americanized to the point where they're unrecognizable, but brands could see some benefits if their names are pronounced correctly. Allianz: al-ee-anz"Allianz " is, perhaps unsurprisingly, the German word for "alliance." It isn't pronounced like the ancient Greek herald of the gods, Hermes, unlike the U.K. delivery company of similar spelling. Moët & Chandon: mow-et ey shon-donIn contrast to typical French pronunciation, there is a hard "T" sound at the end of "Moët." Heuer is the last name of the company's founder, Edouard Heuer.
A wealthy UK family is to pay reparations to Grenada, where their ancestors once owned 1,000 slaves. The Trevelyan family owned six sugar plantations in Grenada. They plan to pay reparations to the descendants of slaves. Should my family pay reparations to the people of Grenada because we had owned slaves here? The Trevelyan family received £26,898 at the time — the equivalent of nearly £3m ($3.6 million), per The Guardian.
SINGAPORE, Jan 31, (Reuters) - Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family's wealth. His family might establish a Singapore family office to manage its wealth in the future, he added. Well-known Singapore family offices include those set up by James Dyson of vacuum cleaner fame, hedge fund manager Ray Dalio and Zhang Yong, founder of China's Haidilao hotpot restaurant chain. Though fresher statistics are not available, those involved in the industry said interest in family offices picked up in 2022 and is expected to continue unabated this year. While some are setting up family offices, others are setting up business headquarters in Singapore or investing in funds domiciled in Singapore, she said.
Airbnb hosts don't communicate with guests outside of answering questions and leaving reviews. So Insider asked hosts what they wish their guests would stop doing during their stays. Insider spoke to multiple Airbnb hosts and asked them the things they desperately wished that guests would stop doing at their listings. Please respect our properties so we can continue to allow you to bring your furry friends," Cohen told Insider. Forgetting to leave a ratingAs Insider reported previously, Airbnb hosts live and die by the website's ratings.
NHL roundup: Panthers rally late, nip Bruins in OT
  + stars: | 2023-01-29 | by ( ) www.reuters.com   time to read: +8 min
Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers. Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended. Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury.
A curious bear has become the surprise star of wildlife cameras set up in Boulder, Colorado, taking hundreds of "selfies" in an apparent impromptu photoshoot, local officials said. This particular bear, however, appeared to be captivated by the camera. "In this instance, a bear took a special interest in one of our wildlife cameras and took the opportunity to capture hundreds of 'selfies,'" Phillip Yates, a spokesperson for Open Space and Mountain Parks, said in a statement Thursday. The photo series, which appears to meditate on the ephemeral nature of life, has pioneered a bold new hybrid of self-portraiture and wildlife photography. While officials may not have expected photoshoots to be among those uses, Yates said the images captured by the wildlife cameras can also be used to help recommend measures to protect important natural areas.
But dealing with an Airbnb host, as opposed to a hotel concierge, can be tricky. We spoke to Airbnb hosts across the US — here are 12 things they wish they could tell all guests. Insider spoke to multiple Airbnb hosts and asked them what they wished they could tell their guests. First things first: Don't use Airbnb or similar services, like VRBO, if you don't have toMultiple Airbnb hosts told Insider they'd actually prefer leaving Airbnb out of the process altogether. Some hosts simply shouldn't be hosts — don't let that put you off Airbnb"The main reason people should get into this business is to provide exceptional service to guests.
Bank of America announced 93 new managing directors in Global Markets on Thursday. The division in 2022 saw sales and trading revenues climb to its highest mark since 2010.Insider has all the names of the newly promoted MDs. On Thursday the bank announced a new class of 360 managing directors, including 93 from the firm's Global Markets division — up from 86 last year. The bank's Global Corporate and Investment Bank promoted 87 new MDs. BofA made $16.5 billion in 2022 from sales and trading — including a fourth-quarter record of $3.7 billion — the highest tally for the firm since 2010.
Air traffic was temporarily halted last week after an FAA system, known as Notice to Air Missions, crashed. Over 10,000 flights were delayed, but Delta Air Lines CEO Ed Bastian said he doesn't blame the agency. Senate Majority Leader Chuck Schumer is pushing to confirm President Joe Biden's pick for FAA Administrator. In a separate interview, American Airlines CEO Rob Isom told CNBC that there needs to be more investment in FAA technology. "With recent events, including airline troubles and last week's tech problem, this agency needs a leader confirmed by the Senate immediately."
Portions of Trump's deposition in E. Jean Carroll's defamation suit were unsealed Friday. In it, he attacks Carroll's attorney, Roberta Kaplan, threatening to sue her personally. At another point in the deposition Trump referred to Kaplan as being friends with "Cuomo." Carroll's deposition currently has a trial date set for April 10, but it's unclear if it will make it that far. Carroll initially wasn't able to sue Trump for the alleged assault, because the statute of limitations had expired.
Oil rises on demand optimism as China borders reopen
  + stars: | 2023-01-09 | by ( Jeslyn Lerh | ) www.reuters.com   time to read: +3 min
Companies Baker Hughes Co FollowSINGAPORE, Jan 9 (Reuters) - Oil prices climbed on Monday as the borders reopened in China, the world's top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. Brent crude futures were up $1.49, or 1.9%, at $80.06 a barrel as of 0745 GMT, while U.S. West Texas Intermediate crude rose $1.43, or 1.9%, to $75.20. Those concerns are reflected in the market structure for the benchmark oil futures. ,"Oil prices have likely ticked up on increased confidence on China's reopening, but fears of recession in the wider global market remains. This uncertainty will likely lead to swings in oil prices in the near-term," said Serena Huang, Vortexa's head of APAC analysis.
Companies Baker Hughes Co FollowSINGAPORE, Jan 9 (Reuters) - Oil prices climbed on Monday as the borders reopened in China, the world's top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. Brent crude futures rose 90 cents, or 1.2%, to $79.47 a barrel at 0520 GMT, while U.S. West Texas Intermediate crude was up 90 cents, or 1.2%, at $74.67. Despite the gains in oil on Monday, concerns remain that the massive flow of Chinese travellers may cause another surge in COVID infections. Those concerns are reflected in the market structure for the benchmark oil futures. Energy futures for crude oil, refined products and natural gas have plummeted in the New Year as traders have reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts.
Has inflation finally peaked?
  + stars: | 2023-01-08 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +6 min
But for investors, consumers and the Federal Reserve, inflation remains a major economic concern, just as it was in 2022. The hope is that inflation pressures will cool even more dramatically as the year progresses. We believe inflation peaked in June,” said Nancy Tengler, CEO and chief investment officer with Laffer Tengler Investments, in a report. Inflation impact on the Fed and housingWhat’s more, lower levels of inflation should allow the Fed to keep slowing its pace of interest rate hikes. But if inflation pressures continue to abate – and the Fed acknowledges that by pulling back on rate hikes – then the housing market may rebound.
The Virginia school district where a 6-year-old allegedly intentionally shot a teacher on Friday has had three instances of gun violence on district property in the past 17 months. Newport News Public Schools consists of 26,500 students, and includes three early childhood centers, 24 elementary schools, seven middle schools and five high schools, according to the district's website. Newport News Public Schools Superintendent George Parker III did not immediately respond to requests for comment. Hanan Daoud, who also has children within the school district, agrees. Daoud told NBC News she recalled feeling "paralyzed" after hearing that there had been a shooting in the school district on Friday.
Jan 6 (Reuters) - A 6-year-old boy shot and wounded a teacher on Friday at Richneck Elementary School in Newport News, Virginia, police said, prompting consternation from local officials who vowed to find answers and prevent such an event from happening again. The injury to the teacher, a woman in her 30s, was considered life-threatening, though she had shown some improvement in the hospital, Police Chief Steve Drew told reporters. Students were reunited with their parents under a school escort, Drew said. In the same news conference, schools superintendent George Parker lamented educators' inability to keep guns out of school, saying he was "shocked" and "disheartened". Parker said all school campuses are equipped for random metal detector searches but they were not deployed at Richneck Elementary on Friday.
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