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☆ Ukraine is making fake artillery from sewer pipes, hoping to trick Russia into firing expensive drones and missiles at them
▼ + stars: | 2023-09-11 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Part of Ukraine's fightback against Russia includes using fake weapons. It wants Russia to waste expensive missiles and drones targeting cheap decoys, Metinvest told CNN. The goal, steel and mining company Metinvest told CNN, is to save the lives of Ukrainians while also getting Russia to waste its own drones, shells, and missiles. "War is expensive and we need the Russians to spend money using drones and missiles to destroy our decoys," a company spokesperson told CNN. Hundreds of the fake weapons made by Metinvest have been targeted by Russia, CNN reported.

Persons: Metinvest, Metinvest's Organizations: Russia, CNN, Service, Guardian Locations: Ukrainian, Russia, Wall, Silicon, Ukraine

☆ Ukraine hit Russia with one of its own prized tactics — turning an old, captured tank into a giant rolling bomb
▼ + stars: | 2023-09-11 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine filled a tank with explosives and sent it toward Russian positions, a brigade said. Turning tanks into huge bombs is a tactic Russia has been using in Ukraine. The driver said he knew it would be "instant death" if the tank was hit and the explosives went off. The brigade said it used a captured Russian tank to make the explosive — specifically a decades-old T-62 it took earlier in the war. The spokesman, Yaroslav Halas, said a Ukrainian tank driver had to drive the explosive-filled tank most of the way to its target.

Persons: Yaroslav Halas, Halas, Vasil Dudinets, Dudinets Organizations: Service, Mountain Assault Brigade, Facebook, Pravda, UK Ministry of Defence, 128th Brigade Locations: Ukraine, Russia, Wall, Silicon, Zaporizhzhia Oblast, Russian, Ukrainian, Soviet Union, Kherson

☆ Watch Anderson Cooper react as he realizes Trump is playing the 'Phantom of the Opera' soundtrack at a rally
▼ + stars: | 2023-09-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Anderson Cooper's face was priceless as he recognized "The Phantom of the Opera" at a Trump rally. Andrew Lloyd Webber, the musical's creator, once asked Trump to stop playing his music. The song he recognized was the soundtrack from Andrew Lloyd Webber's "Phantom of the Opera." "Is that — I'm sorry, is that 'The Phantom of the Opera' soundtrack playing?" Trump has an affinity for the "Phantom" soundtrack, MSNBC previously reported, citing a book by Trump's former White House press secretary, Stephanie Grisham.

Persons: Anderson, Donald Trump, Andrew Lloyd Webber, Trump, Anderson Cooper, Andrew Lloyd Webber's, Kyung Lah, Cooper, Trump's, Stephanie Grisham, Webber, Lah, Sinéad O'Connor, dryly, O'Connor Organizations: Trump, Service, CNN, Opera, MSNBC, White House, of Rock, The Daily Sentinel, Sentinel Locations: Wall, Silicon, South Dakota, Irish

Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high valuations in equities. The Dow Jones Industrial Average (.DJI) rose 75.86 points, or 0.22%, to 34,576.59, the S&P 500 (.SPX) gained 6.35 points, or 0.14%, to 4,457.49 and the Nasdaq Composite (.IXIC) added 12.69 points, or 0.09%, to 13,761.53. For the week, which was shortened by Monday's Labor Day holiday, the S&P 500 fell 1.3%, while the Nasdaq lost 1.9% with both snapping two weeks of gains. After losing 2.9% in two sessions, the S&P 500 technology sector (.SPLRCT) closed higher. The S&P 500 posted 13 new 52-week highs and 17 new lows; the Nasdaq Composite recorded 36 new highs and 229 new lows.

Persons: David Lefkowitz, Lefkowitz, Brendan McDermid, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Sinéad Carew, Chuck Mikolajczak, Gertrude Chavez, Dreyfuss, Shristi, Arun Koyyur, Vinay Dwivedi, David Gregorio Our Organizations: Gilead Sciences, Kroger, Dow, Nasdaq, Index, UBS Global Wealth Management, Dow Jones, Monday's Labor, Apple, New York Stock Exchange, REUTERS, Asset Management, York Fed, Dallas, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: Beijing, New York City, U.S, New York, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high equity valuations. According to preliminary data, the S&P 500 (.SPX) gained 6.85 points, or 0.15%, to end at 4,457.62 points, while the Nasdaq Composite (.IXIC) gained 12.69 points, or 0.09%, to 13,761.53. Oil prices are up so far in September and on track for a fourth straight monthly gain, and this week's data also fueled inflation fears. This included stronger-than-expected services activity data and a fall in weekly jobless claims.

Persons: Brendan McDermid, David Lefkowitz, Lefkowitz, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Sinéad Carew, Shristi, Arun Koyyur, Vinay Dwivedi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Index, Federal, FedWatch, Treasury, UBS Global Wealth Management, Nasdaq, Dow Jones, Asset Management, York Fed, Dallas, Thomson Locations: New York City, U.S, New York, Bengaluru

☆ Hitler didn't stop when he was given land, and nor would Putin, says Ukraine's former defense minister
▼ + stars: | 2023-09-08 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine's former defense minister said a peace deal where Ukraine gives up land won't stop Russia. Reznikov said a similar deal didn't stop Hitler in the 1930s and "Putin's actions follow a similar pattern." Ukrainian officials have repeatedly said they will not accept a peace deal that includes giving up land to Russia. Ukraine has also told China, which has expressed interest in brokering a peace deal, that it won't accept a deal that involves giving Russia territory. US Secretary of State Antony Blinken said earlier this year that a peace agreement can't include giving land to Russia, or else it wouldn't be a "just peace and a durable peace."

Persons: Reznikov, didn't, Hitler, Putin, Vladimir Putin, Adolf Hitler, Oleksii Reznikov, Volodymyr Zelenskyy, Antony Blinken, Zelenskyy, Emmanuel Macron Organizations: Service, Guardian, Ukraine, Czechoslovakia, NATO, Soviet Union Locations: Ukraine, Russia, Europe, Wall, Silicon, Nazi Germany, Germany, Czechoslovakia, China, Soviet

☆ Russian generals can just 'withdraw their tanks' if they're worried about Ukraine's new depleted-uranium ammo, US official says
▼ + stars: | 2023-09-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A US official said: "If Russia has an issue with that, they can withdraw their tanks from Ukraine." The official was responding to Russia's complaints over the US announcement that it would send Ukraine tank rounds with depleted uranium. "If Russia has an issue with that, they can withdraw their tanks from Ukraine," they added. The Biden administration announced plans on Wednesday to give Ukraine 120 mm ammunition made from depleted uranium, alongside other weaponry. The UK has already sent Ukraine some of the ammunition for use in UK-supplied Challenger tanks, angering Russia.

Persons: it's, Biden, Jake Epstein, Al, John Kirby Organizations: US, Service, Politico, Abrams, UN, Street Journal, Challenger, National Security Locations: Ukraine, Russia, Wall, Silicon, Russian, Washington

Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. The answer to that is yes," Neal told Reuters in an interview. "Absent UN intervention and UN clearance, we would not sanction the insurance," Neal said. The Lloyd's market estimated loss, net of reinsurance, from the Ukraine conflict was 1.6 billion pounds ($2 billion), he added. Lloyd's recorded a first-half pre-tax profit of 3.9 billion pounds ($4.9 billion) versus a loss of 1.8 billion pounds in the first half of 2022, helped in part by higher premium rates.

Persons: Hannah McKay, John Neal, Neal, Beazley, Adrian Cox, Cox, Lloyd's, Beazley's Cox, Sinead Cruise, Jan Harvey Organizations: REUTERS, United Nations, NATO, Moscow, Reuters, UN, Aeroflot, Thomson Locations: London, City, Britain, Turkey, Russia, Ukraine, Taiwan, Moscow

☆ A close Russian ally snubbed Putin by announcing military exercises with the US — the latest in a series of embarrassments for the president
▼ + stars: | 2023-09-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Armenia will host a joint military exercise with the US later this month. The country is a longtime Russian ally but has repeatedly expressed its frustration with it. This includes threatening to leave the Russia-led CSTO and refusing to host its military drills. A US military spokesperson told Reuters that 85 US soldiers and 175 Armenian soldiers will take part in the exercise. Armenia also hosts a Russian military base.

Persons: CSTO, Vladimir Putin, didn't, Nikol, Pashinyan, Putin, Thomas Graham, Jaroslava Barbieri, Dmitry Peskov Organizations: Service, Reuters, NATO, Soviet, Yale, University of Birmingham Locations: Armenia, Russian, Russia, Wall, Silicon, Soviet Union, Azerbaijan, Ukraine, East, tatters .

☆ China is eroding Russia's influence over old allies as the alliance it leads crumbles over Ukraine, expert says
▼ + stars: | 2023-09-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Russian influence is waning despite formal alliances and the old ties of the Soviet Union. It is also home to most members of the Collective Security Treaty Organization (CSTO): Russian President Vladimir Putin's equivalent of NATO. Russia's influence on them is also being weakened by more countries competing for their attention, Graham said. AdvertisementAdvertisementHe said that "Russia's operation in Ukraine is undermining, eroding its ability to maintain its influence across the former Soviet space." "You're seeing the slow erosion of Russian influence."

Persons: Thomas Graham, Vladimir Putin's, Graham, Vladimir Putin, Xi Jinping, Stanislav Zas, Nikol Pashinyan, Alexander Lukashenko, Kassym, Tokayev, Sadyr Japarov, Emomali Rakhmon, Anton Novoderezhkin Organizations: Service, Yale, Collective Security, Organization, NATO, Moscow REUTERS, Russia, Armenian, Kazakh, Kremlin, Sputnik, REUTERS, Central, AFPTV, Getty Locations: Central Asia, Russia, Soviet Union, Ukraine, Wall, Silicon, China, Turkey, East, Caucasus, Moscow, Armenia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, Central, Europe, Iran, Russian, Belarusian, Bakhmut, AFP, Azerbaijan, Soviet

The prospect of higher rates put particular pressure on growth stocks with the S&P 500 growth index (.IGX) underperforming the benchmark throughout the session. "Growth stocks have been pricing in the idea that inflation has been well anchored and that the Fed's going to cut. The S&P 500 showed little reaction to the Fed's "Beige Book" snapshot of the U.S. economy a week ahead of the keenly awaited August inflation data and the Fed's rate decision on Sept. 20. The report showed "modest" U.S. economic growth in recent weeks while job growth was "subdued," and inflation slowed in most parts of the country. The S&P 500 posted six new 52-week highs and 25 new lows; the Nasdaq Composite recorded 34 new highs and 174 new lows.

Persons: Lockheed Martin, Carol Schleif, Schleif, Susan Collins, Patrick Kaser, Mike Segar, advancers, Sinéad Carew, Shristi, Vinay Dwivedi, Richard Chang Organizations: Dow, Nasdaq, Institute for Supply Management, Traders, Federal Reserve, Boston, Equity, Brandywine Global, Apple Inc, Wall, New York Stock Exchange, REUTERS, Dow Jones, Energy, Lockheed, NYSE, Thomson Locations: China, Minneapolis, Manhattan, New York City , New York, U.S, New York, Bengaluru

☆ Ukraine used US-supplied Bradley IFV to evacuate civilians while under heavy fire, including one woman with her cat: report
▼ + stars: | 2023-09-06 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainian soldiers said they rescued civilians from Robotyne using a Bradley infantry fighting vehicle. One soldier told CNN that "Russians immediately started shelling us" despite knowing civilians were on board. We reached the next turn and the Russians opened fire on us again, even though they knew we were carrying civilians." CNN said it was unable to independently confirm that the Russians were aware the vehicle was transporting civilians. AdvertisementAdvertisementKaratsupa added that the civilians told them that the Russians "had treated them like slaves."

Persons: Bradley, Valerii, Robotyne, Karatsupa, he'd, I've Organizations: Bradley, CNN, Service, Ukraine's 47th Mechanized Brigade, REUTERS Locations: Wall, Silicon, Robotyne, Ukraine, Ukrainian, REUTERS Ukrainian, Russia, Ukraine's, Zaporizhia, Tokmak

☆ A Russian pilot who defected to Ukraine said his helicopter crew panicked when they realised what was happening but couldn't stop him as he was the only one who could fly it
▼ + stars: | 2023-09-06 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Russian pilot defected and brought his helicopter to Ukraine last month, Ukrainian officials said. The pilot said his crew couldn't stop him as he was the only one on board who knew how to fly it. Ukrainian officials said both were killed. Ukrainian officials said a six-month plot led to the Russian Mi-8 AMTSh landing at a military air base in Kharkiv, in northeast Ukraine, last month. "Nobody could put up any resistance," he added, because no one else on board knew how to fly the helicopter.

Persons: Kuzminov, Kyrylo Budanov Organizations: Service, Ukraine's Defense Intelligence, Daily, Radio Free Locations: Russian, Ukraine, Wall, Silicon, Kharkiv, Russia's, Radio Free Europe

☆ Stocks decline, Treasury yields jump as investors weigh rate outlook
▼ + stars: | 2023-09-05 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The Dow led declines among the three major stock indexes on Wall Street, even as higher oil lifted shares of some energy companies. Oil prices rose to their highest since November after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. The pan-European STOXX 600 index (.STOXX) lost 0.23% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.60%. Brent crude futures rose by $1.04, or 1.2%, to settle at $90.04 a barrel, while U.S. crude futures gained $1.14, or 1.3%, to settle at $86.69 a barrel.

Persons: Brendan McDermid, Paul Nolte, Murphy, Christopher Waller, Dow, Caroline Valetkevitch, Sinead Carew, Samuel Indyk, Ankur Banerjee, Shounak Dasgupta, Mike Harrison, Lincoln Organizations: New York Stock Exchange, REUTERS, U.S, Sylvest Wealth Management, Investors, Fed, Dow Jones, Nasdaq, Brent, Thomson Locations: New York City, U.S, China, Europe, Britain, Elmhurst , Illinois, Saudi Arabia, Russia, New York, London

With U.S. crude oil prices rallying on Tuesday, Nolte also cited recent strength in oil prices as a damper to the Fed's efforts to push inflation back to 2%. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. The Dow Jones Transport index (.DJT) finished off 2.2%, weighed down by a slide in airline stocks as rising oil prices implied higher fuel costs. Shares of Airbnb (ABNB.O) rallied 7% while Blackstone (BX.N) added 3.6% on news that their stocks would join the S&P 500 index. The S&P 500 posted 12 new 52-week highs and 25 new lows; the Nasdaq Composite recorded 50 new highs and 142 new lows.

Persons: Blackstone, Christopher Waller, Paul Nolte, Murphy, Nolte, Sam Stovall, Brendan McDermid, Goldman Sachs, advancers, Sinéad Carew, Shristi, Arun Koyyur, Shounak Dasgupta, Richard Chang Organizations: Dow, Nasdaq, Monday, Monday . U.S, Treasury, Sylvest Wealth Management, Traders, Labor, CFRA Research, Dow Jones, New York Stock Exchange, REUTERS, Transport, United Airlines, U.S, Blackstone, Oracle, Barclays, NYSE, Thomson Locations: Monday ., Elmhurst , Illinois, New York City, U.S, Saudi Arabia, Russia, New York, Bengaluru

☆ Russian hackers broke into Ukrainian battlefield tech, pillaging data from Android devices: intel agencies
▼ + stars: | 2023-09-01 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russian hackers breached devices Ukraine was using on the battlefield, Western intel agencies said. The hacking campaign targeted Android devices used by the Ukrainian military, they said. They said they discovered malware that can "steal sensitive information" was being used in a campaign targeting Android devices used by the Ukrainian military. The Five Eyes agencies' announcement backs up Ukraine's claim that Russia was hacking its battlefield tech. The Five Eyes agencies did not comment on this claim.

Persons: Sandworm, John Hultquist, SBU, Elon Musk's Organizations: Western intel, Service, Infrastructure Security Agency, NSA, FBI, GRU, South, Armed Forces, Defense Forces, CNN Locations: Ukraine, Western, Ukrainian, Wall, Silicon, UK, Australia, Canada, New Zealand, Russia

☆ Video shows 2 Russian helicopters and a jet failing to take out a small Ukrainian drone, Ukraine says
▼ + stars: | 2023-09-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

A Ukrainian drone escaped attacks by 2 Russian helicopters and a jet, Ukraine says. Footage showed the drone being pursued, but Ukraine said it made it back to base. Ukrainian drones have multiplied attacks in Russian and Russian-occupied territory in recent weeks. Ukraine did not specify the type of drone — though from the camera footage it appeared to be a fixed-wing drone with a propeller. A Ukrainian drone strike earlier this week damaged four transport planes that were grounded at the Pskov airfield within Russia, a military spokesperson told Reuters.

Persons: Ukraine's, Sinéad Baker Organizations: Service Locations: Ukrainian, Ukraine, Wall, Silicon, Crimea, Cape Tarkhankut, Pskov, Russia

☆ Dell shares hit record high after report, forecasts impress with AI in mix
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsSept 1 (Reuters) - Shares in Dell Technologies Inc (DELL.N) rose 22.2% and hit a record high on Friday after it raised full-year financial forecasts with boosts from artificial intelligence (AI) and stabilizing demand for computer hardware after a months-long slump. Dell, on track for its biggest ever daily percentage gain, is up more than 70% for the year-to-date. Servers and networking revenue rose 11% from the first quarter to $4.27 billion, driven by higher demand for AI-optimized servers, Dell said. At least 10 analysts raised their target prices for Dell's shares after the report with several including Credit Suisse and Evercore ISI citing its position to benefit from AI.

Persons: Brendan McDermid, Samik Chatterjee, Dell, JPMorgan's Chatterjee, Wells, Sinéad Carew, Lance Tupper Organizations: Dell Technologies Inc, New York Stock Exchange, REUTERS, Dell, CDW, Cisco Systems, Hewlett Packard Enterprises, Credit Suisse, ISI, JPMorgan, Thomson Locations: New York, U.S

☆ Russian hardliners are fuming that the Kremlin wasn't able to top a string of embarrassing attacks on home soil
▼ + stars: | 2023-08-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia's military bloggers are mad over escalating drone attacks on home soil. They have often highlighted problems within Russia's military which were not acknowledged by officials or Russia's closely-controlled mass media. Their anger was prompted by an increasing number of drone attacks, likely organized by Ukraine or Ukraine-affiliated groups. And some of these strikes have destroyed and damaged Russian military aircraft sitting on home soil. Military analysts told The Wall Street Journal that Ukraine has probably disabled more Russian aircraft sitting in Russian bases than it has aircraft involved in combat.

Persons: Russia's, milbloggers, Rybar, Alexander Kots Organizations: Service, Ministry of Defense, Wall Street Journal Locations: Western Russia, Russia, Wall, Silicon, Ukraine, Russia's Pskov, Crimea, Russian, Europe

☆ Pictures of the month: August
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

[14/65]Share this photoA hearse carrying the coffin of late Irish singer Sinead O'Connor passes outside her former home during her funeral procession as fans line the street to say their last goodbye to her, in Bray, Ireland, August 8. REUTERS/Clodagh Kilcoyne

Persons: Sinead O'Connor Organizations: REUTERS Locations: Irish, Bray , Ireland

☆ Russia is likely rethinking its air defenses, UK intel says, after a string of embarrassing strikes deep within its territory
▼ + stars: | 2023-08-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Drone attacks on airfields in Russia are likely forcing it to reshape its air defense, UK intel said. Airfields and other locations deep within Russian territory have been pummeled in multiple strikes by exploding drone attacks in recent weeks — with one flurry, on the night of August 29, striking five separate locations. In August alone 25 places in Russia came under drone attack, the UK MOD said, even penetrating the defenses around Moscow. "Russia will have to consider the addition of further air defence systems to airfields that it considers to be at risk from UAV attacks," the UK MoD said. Russia has blamed the attacks on Ukraine, which generally doesn't claim responsibility for attacks on Russian soil.

Persons: Insider's Sinéad Baker, recrimination, Baker, Bob Hamilton, Ben Hodges, Insider's Erin Snodgrass Organizations: intel, Service, UK's Ministry of Defence, Center for Strategic, MOD, MoD, US Army, Foreign, Research, Eurasia Program, Washington Post, Wall Street Journal, Tupolev, Russia Locations: Russia, Wall, Silicon, Moscow, Ukraine, Ukrainian, US Army Europe

☆ Russian planes keep getting blown up in airfields hundreds of miles from the fighting, exposing embarrassing gaps in its defenses
▼ + stars: | 2023-08-30 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Multiple military aircraft have been damaged or destroyed in Russia this month. Military analysts told The Wall Street Journal that Ukraine has likely disabled more Russian aircraft while they were sitting in bases than it had in live combat. Russia's defense ministry blamed a Ukrainian drone for that attack too. Ukrainian drone attacks have also touched Moscow in recent weeks, in some cases prompting its airports to close down. Russian officials said on Wednesday that Ukrainian drones were fired at multiple Russian regions: Pskov, Bryansk, Kaluga, Orlov, Ryazan and Moscow, Reuters reported.

Persons: Eliot Higgins, Russia's, recrimination, ISW Organizations: Service, Military, Wall Street Journal, Reuters Locations: Russia, Wall, Silicon, Ukraine, Pskov, Ukrainian, Russia's Novgorod, Crimea, US, Russian, Moscow, Bryansk, Kaluga, Orlov, Ryazan

☆ Russia more than doubled salaries of some soldiers but is still struggling to recruit people to fight in Ukraine, UK intel says
▼ + stars: | 2023-08-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia, which has struggled to recruit soldiers, likely still won't get as many as it wants, the MoD said. Russia has done one major mobilization of fighters since the invasion began, declaring a "partial mobilization" of 300,000 reservists in September. It said in May that Russia likely wants to delay the announcement of any obvious mandatory mobilization "to minimize domestic dissent." And it said Russia was focusing on recruiting Central Asian migrant workers that are in Russia to go and fight in Ukraine. AdvertisementAdvertisementRussia also tried to recruit from neighboring country Kazakhstan, offering a sign-on bonus of 495,000 rubles, which is around $5,200.

Persons: Vladimir Putin, Putin Organizations: UK's Ministry of Defence, MoD, Service, UK Ministry of Defence, Russian Armed Forces, Russian, Central Locations: Ukraine, Russia, Wall, Silicon, Kazakhstan

☆ US consumer spending is expected to cool further but not fall off a cliff
▼ + stars: | 2023-08-27 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Investors and economists are bullish that consumer spending, the US economy’s main engine, won’t deteriorate too much, which should help stocks avoid a massive sell-off this year. The US Labor Department releases July figures on job openings, quits, hires and layoffs. The US Commerce Department releases July data on household spending, income and the Fed’s preferred inflation gauge. The US Labor Department reports the number of new applications for jobless benefits in the week ended Aug. 26. Friday: The US Labor Department releases August figures on the labor market, including monthly payroll gains, wage growth, and the unemployment rate.

Persons: “ We’re, we’ve, ” Matthew Palazzolo, we’re, We’re, ” Palazzolo, pare, It’s, Biden, Jerome Powell, Sinead Colton Grant, Anna Cooban Organizations: CNN Business, Bell, DC CNN, Federal Reserve, US, Bernstein Private Wealth Management, CNN, Nvidia, Research, Fed, Kansas City, San Francisco Fed, Mellon, International Monetary Fund, Global, US Labor Department, Board, US Commerce Department, National Association of Realtors, China’s National Bureau of Statistics, P Global, Institute for Supply Management Locations: Washington, Wells Fargo, Jackson Hole , Wyoming, American, Germany, Europe, Berlin

☆ Hate Gen X? Get in Line (Behind a Gen X-er).
▼ + stars: | 2023-08-25 | by ( Sarah Miller | ) www.nytimes.com time to read: +1 min

I was born in 1969 and I have feelings about generations. And, punching older, “Why is Eric Clapton on tour and Sinead O’Connor and Kurt Cobain are dead?” as the film critic A.S. Hamrah put it to me. Behold these recent tweets — I mean “posts on X,” formerly known as Twitter, run by a Gen X-er with whom I have no wish to affiliate myself, generationally or otherwise:“Gen X sucks.”“Gen X had it so good with their high income jobs with excel skills and 30yr fixed interest mortgages. This is why they make the worst leaders, ZERO empathy for the people that came after them.”We can all agree Gen X is the worst though right? I wrote to my millennial friend Sarah Hagi and asked her what she thought of baby boomers and Gen X.

Persons: Eric Clapton, Sinead O’Connor, Kurt Cobain, A.S, Hamrah, ”, X, Sarah Hagi, Gen X Organizations: Twitter

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