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☆ Mid-Autumn Festival holidays: Millions of Chinese tourists are going on holiday again -- many headed for Thailand
▼ + stars: | 2023-09-29 | by ( Kathleen Magramo Kocha Olarn Berry Wang Carina Cheng | Kathleen Magramo | Kocha Olarn | ) edition.cnn.com time to read: +9 min

Only 2.2 million Chinese travelers arrived between January and September 10 this year, according to data from the Tourism Authority of Thailand. Thai Prime Minister Srettha Thavisin greeted travelers on the first day of the government's visa-free scheme for Chinese tourists. “Competition is really intensifying in the region to attract Chinese tourists amongst all countries, and you have to make it as easy as possible,” said Bowerman. Chinese tourists pray in front of Thai dancers at the Erawan Shrine in Bangkok, Thailand on September 22, 2023. Rumors, film complicate efforts to lure back touristsPrior to the announcement of the visa-free policy this month, Chinese tourists had been slow to return to Thailand.

Persons: Srettha Thavisin, It’s, ” Sretta, “, Chiang, Wang Wenbin, Peerapon Boonyakiat, pare, Gary Bowerman, ”, Bowerman, Huang, “ I’ve, coronavirus, Trip.com, Jin Junhao, Joanna Lu, Anusak, Wolfgang Georg Arlt, “ There’s, Thailand ”, Sisdivachr Cheewarattanaporn Organizations: CNN, China’s, Tourism Authority of, Thai, Civil Aviation Administration, China Railway, Asia, Tourism Research Institute, Thailand’s Ministry of Tourism, Sports, Thai Travel Agents Association Locations: China, Shanghai, Bangkok’s, Chiang Mai, Bangkok, Pattaya, Phuket, ”, Beijing, Thailand, Southeast Asia, Tourism Authority of Thailand, Asia, Sichuan, South Korea, Malaysia, Singapore, Australia, United Kingdom, Erawan, Myanmar, Cambodia, Weibo

☆ US stocks end mixed to close out worst month of 2023 as investors brace for a government shutdown
▼ + stars: | 2023-09-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks traded mixed on Friday as a government shutdown looked increasingly likely. The session also closed out a dismal September, with the S&P 500 losing 5% to mark its worst month of 2023. AdvertisementAdvertisementUS stocks traded mixed on Friday as investors initially cheered better-than-expected inflation news but grew jittery as a government shutdown appeared more likely. The S&P 500 slid around 5% to mark its worst month of 2023, while the Dow lost about 4%, and the Nasdaq sank 6%. Since 1950, the S&P 500 has historically declined in September 55% of the time, posting an average loss of around 3.8%.

Persons: —, Adam Turnquist Organizations: Service, Dow, Nasdaq, Dow Jones

☆ Gold hovers near six-month low as markets brace for U.S. economic data
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: +2 min

Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold steadied on Thursday, although prices hovered near a six-month low hit in the previous session due to an elevated dollar and Treasury yields, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate trajectory. Spot gold held its ground at $1,874.49 per ounce by 0435 GMT after shedding 1.4%, its biggest daily decline since July, on Wednesday. Data on Wednesday showed orders for long-lasting U.S. manufactured goods rose in August and business spending on equipment appeared to regain momentum. Higher rates raise the opportunity cost of holding bullion, which is priced in dollars and does not yield any interest.

Persons: Gold, Hugo Pascal, Neel Kashkari, Kevin McCarthy Organizations: Aurum, Treasury, Minneapolis Locations: ., U.S

☆ New Orleans residents brace for salt water intrusion as Biden declares national emergency
▼ + stars: | 2023-09-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +6 min

An aerial view of New Orleans can be seen from a drone above the Mississippi River on April 1, 2023 in New Orleans, La. Ricky Carioti | The Washington Post | Getty ImagesPresident Joe Biden on Wednesday declared a federal emergency for a saltwater intrusion in the Mississippi River, which is threatening New Orleans' water infrastructure. The U.S. Army Corps of Engineers projects that two New Orleans water treatment plants will be affected by the end of October: the Algiers Water Treatment Plant on Oct. 22 and the Carrollton Water Treatment Plant on Oct. 28. Solutions under considerationAt a New Orleans City Council meeting on Wednesday, councilmembers, officials from the SWBNO and from the Department of Homeland Security discussed possible response strategies. Some New Orleanians are wondering why the city is always playing defense, despite the warning signs of saltwater intrusion in years past.

Persons: Ricky Carioti, Joe Biden, John Bel Edwards, Biden, Jesse Keenan, Mia Miller, Miller, Joseph Giarrusso, SWBNO, Councilmember Lesli Harris, Councilmember, there's, We're, Bywater, Stephen Murphy, bode, Murphy Organizations: Washington Post, Getty, Wednesday, Louisiana Gov, Federal Emergency Management Agency, Biden's, U.S . Army Corps of Engineers, Board, New, New Orleans City Council, U.S . Army Corps of Engineers New, Water Board, Tulane University, New Orleans City, Department of Homeland Security, FEMA, Tulane University's Disaster Management Locations: New Orleans, Mississippi, La, Plaquemines Parish, Louisiana, U.S . Army Corps of Engineers New Orleans, Algiers, Carrollton, Bywater, councilmembers

☆ Morning Bid: Bond crush stifles markets as $134 billion hits
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +6 min

The yield spike has supercharged the U.S. dollar worldwide - both a reflection and aggravator of mounting financial stress far and wide. As Deutsche Bank notes, this is historically significant territory as the average of the 10-year yield going back to 1799 is around 4.50%. The Treasury sells $48 billion in two-year notes on Tuesday, $49 billion in five-year paper on Wednesday and $37 billion in seven-year notes on Thursday. Minneapolis Fed Bank President Neel Kashkari said on Monday the Fed probably needs to raise borrowing rates further. Private sector bankers are starting to brace for the worst, with JP Morgan chief Jamie Dimon reported overnight as warning: "I am not sure if the world is prepared for 7% (Fed rates)."

Persons: Jose Luis Gonzalez, Mike Dolan, South Korea's, Sterling, haven't, Neel Kashkari, Said Kashkari, Austan Goolsbee, JP Morgan, Jamie Dimon, Christine Lagarde, China Evergrande, Michelle Bowman, Christina Fincher Organizations: REUTERS, Federal Reserve, U.S ., Bank of Japan, South, Treasury, Deutsche Bank, Minneapolis Fed, Chicago Fed, European Central Bank, ECB, Dallas Fed's, Chicago Fed's, HK, Richmond Fed, Dallas Fed, Philadelphia Fed, Costco, Cintas, Thomson, Reuters Locations: Ciudad Juarez, Mexico, U.S, Wall St, Asia, Europe, Philadelphia, Washington

However, it is not clear that even those bills can advance amid deep divisions within the House Republican conference. McCarthy is expected to face yet another test of his leadership on Tuesday as House GOP leadership has indicated that they plan to hold a procedural vote on a rule to advance those measures. The expected vote comes after hardliners tanked a similar procedural vote for a defense bill last week in a major embarrassment for the House GOP leaders. If they include Ukraine funding, GOP Sen. Rand Paul of Kentucky has threatened to slow down the bill’s passage. Legislative text of a Senate stopgap bill has not yet been formally unveiled.

Persons: Kevin McCarthy, McCarthy, tanked, Chuck Schumer, Mitch McConnell, there’s, GOP Sen, Rand Paul of, Schumer, we’ve, ”, ” McCarthy Organizations: CNN, Defense and Homeland Security, Republican, House Republican, GOP, Federal Aviation Administration, FAA Locations: Ukraine, Rand Paul of Kentucky

Across the country, federal workers still stung by the memories of past government shutdowns are grimacing and bracing for another potential extended closure. Johnny J. Jones, secretary-treasurer of the TSA workers unit within the AFGE, said even a temporary loss in pay is a massive disruption for government workers who live paycheck to paycheck. LaPointe, a mother of four who is also a union leader for 30,000 Social Security workers through AFGE, said a shutdown would be “a catastrophe" personally. A Partnership for Public Service survey ranks the Social Security Administration last among agencies in the “Best Places to Work” government-wide index. “We don’t often feel like it’s worth it to be federal employees at the time of a shutdown,” LaPointe said.

Persons: — John Hubert, Steve Reaves, Jessica LaPointe, she's, “ We’re, ”, Hubert, “, Washington gridlock, we've, Tom Vilsack, Johnny J, Jones, ” Jones, LaPointe, ” LaPointe, Reaves, — Organizations: WASHINGTON, Security Administration, Federal Emergency Management Agency, FEMA, Social Security, Disney, TSA, American Federation of Government Employees, Democrats, White House, USDA, Social, Republicans, Public Service Locations: Fort Lauderdale , Florida, Madison , Wisconsin, Washington, AFGE

☆ Cleanup in Greece after Storm Daniel
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: 1 min

[7/21]Anastasia Tsagkarakaki, 60, stands by her belongings, removed from her flooded house, in the aftermath of storm Daniel in the village of Koskinas, Greece, September 26. Tsagkarakaki lost her crops and 120 chickens in the storm, while villagers brace for more heavy rains in the area. REUTERS/Louisa GouliamakiKoskinas, GREECE

Persons: Anastasia Tsagkarakaki, Daniel, Tsagkarakaki, Louisa Gouliamaki Koskinas Locations: Koskinas, Greece, GREECE

☆ Bonmati scores twice as Spain outclass Switzerland with 5-0 win
▼ + stars: | 2023-09-26 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

CORDOBA, Spain, Sept 26 (Reuters) - Aitana Bonmati scored a brace to help World champions Spain thrash Switzerland 5-0 in a Nations League group game on Tuesday. Spain were playing their first game at home after winning the World Cup in Australia last month and following the furore caused by former Spanish Federation (RFEF) boss Luis Rubiales kissing player Jenni Hermoso on the lips at the medal ceremony. "We were looking forward to celebrating with the fans," Bonmati told TVE. Lucia Garcia and Putellas both had good early chances to open the scoring from close-range denied by Swiss goalkeeper Elvira Herzog. Reporting by Fernando Kallas Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Aitana Bonmati, Luis Rubiales, Jenni Hermoso, Alexia Putellas, Irene Paredes, Bonmati, Lucia Garcia, Putellas, Elvira Herzog, Herzog, Caldentey, Garcia, Olga Carmona, Oroz, Fernando Kallas, Toby Davis Organizations: Spain, Nations League, Spanish Federation, Nuevo Arcangel, women's, TVE, Swiss, UEFA, League, Thomson Locations: CORDOBA, Spain, Switzerland, Australia, Cordoba, Paris, Sweden, Italy

☆ The US's thin line in Niger and UNGA wraps up
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

A senior navy commander has been shown on Russian state TV, a day after Ukraine said he had been killed in a strike on Crimea. The UN General Assembly wraps up with plenty of diplomacy on the sidelines. The United States’ delicate balancing act as France withdraws its troops from Niger. Plus, Joe Biden heads to Detroit, why resolving the actors dispute seems some way off and Sikh protests in Canada. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Persons: Joe Biden, Viktor Sololov, Biden, Trump Organizations: Apple, Google, Reuters, UN, Assembly, United, Fleet, Thomson, Reading Locations: Ukraine, Crimea, United States, France, Niger, Detroit, Canada, India, Michigan

☆ Asian shares slip after brutal central bank week, yen in focus
▼ + stars: | 2023-09-25 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. S&P 500 futures , however, rose 0.3% while Nasdaq futures gained 0.4%, after Hollywood's writers union reached a preliminary labor agreement with major studios. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.5%, edging back to a 10-month low plumbed just last week. U.S. central bank officials will be out in force this week, starting with Minneapolis Fed President Neel Kashkari on Monday. Brent crude futures rose 0.6% to $93.79 per barrel.

Persons: Issei Kato, Kazuo Ueda, HSI, Louis Kuijs, Neel Kashkari, Andrew Lilley, Stella Qiu, Himani Sarkar, Jacqueline Wong Organizations: REUTERS, Bank of Japan, Nasdaq, Japan's Nikkei, Hengda, Estate Group Co, U.S, Minneapolis, European Central Bank, Brent, . West Texas, Thomson Locations: Tokyo, Japan, Europe SYDNEY, China, U.S, Europe, Asia, Pacific, firming, U.S . Federal

China, the world's biggest fossil fuel consumer, is among those signalling that it intends to keep using them for decades. By inserting "unabated" before fossil fuels, the pledge targeted only fuels burned without emissions-capturing technology. "We cannot use it to green-light fossil fuel expansion," the countries said in a joint statement. We can't say we want to avoid 1.5 C ... and not say anything about phasing out fossil fuels," Cox said. The Alliance of Small Island States, whose members face climate-fuelled storms and land loss to rising seas, wants a fossil fuel phase-out and an end to the $7 trillion governments spend annually on subsidising fossil fuels.

Persons: Eduardo Munoz, General Antonio Guterres, Sultan Al Jaber, John Kerry, Teresa Ribera, Eamon Ryan, Ryan, Peter Cox, Cox, Fatih Birol, Valerie Volcovici, Kate Abnett, Katy Daigle, Emelia Organizations: U.S, REUTERS, United Nations General Assembly, United Arab Emirates, United, European Union, Reuters, Ireland's, American Petroleum Institute, University of Exeter, International Energy Agency, Rockefeller Foundation, Organization of, Petroleum, Small, States, United Nations, D.C, Thomson Locations: New York, New York City , New York, U.S, Dubai, China, United States, Saudi Arabia, Russia, France, Kenya, Chile, Colombia, Tuvalu, Vanuatu, Japan, Union, Washington, Brussels

☆ Real Madrid dominated by local rival Atlético Madrid in 3-1 derby loss
▼ + stars: | 2023-09-25 | by ( Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —It was derby day delight for Atlético Madrid, which shocked arch-rival Real Madrid at the Metropolitano Stadium in a comprehensive 3-1 victory. “I could have done better, maybe, that’s quite clear,” Ancelotti said after the match, according to Real Madrid. Half-time’s frustration quickly led way to second half blues as Atlético started the second 45 minutes even quicker than the first. Another ball in from the left, another header and another goal – Madrid had been rocked by the Colchoneros’ aerial threat. “The team wasn’t compact, especially in the first half and Atlético capitalized on that.

Persons: Atlético, Álvaro Morata, Antoine Griezmann, Toni Kroos, Morata, Jude Bellingham, Carlo Ancelotti, Luka Modrić, Rodrygo, “, ” Ancelotti, I’ve, it’s, Ancelotti, Oscar del Pozo, Samuel Lino, Federico Valverde, David Alaba, Chelsea loanee Kepa, Dani Carvajal, Lucas Vázquez, Ñíguez, Frenchman, Diego Simeone’s, Kroos, Jan Oblak, Kepa, Alaba, Eduardo Camavinga, Antonio Rüdiger, cynically, José María, – Madrid, Jose Breton, ” Organizations: CNN, Atlético Madrid, Real Madrid, Metropolitano, Los, La Liga, –, Bellingham, “, Getty, Chelsea, Madrid, Spanish national, Girona, Barcelona Locations: Madrid, Real Madrid, AFP, ” Madrid

☆ Tottenham hold Arsenal, Liverpool go second, Newcastle hit eight
▼ + stars: | 2023-09-24 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Chelsea's woes continued as they lost at home to Aston Villa and Sheffield United slumped to the bottom of the table as they suffered a humiliating 8-0 home thrashing by Newcastle United in which eight different Newcastle players scored. The first north London Premier League derby since 2014 not to feature Harry Kane produced an enthralling contest at The Emirates where the two unbeaten sides went toe-to-toe. Arsenal twice led, first through Cristian Romero's 26th-minute own goal, and again thanks to Bukayo Saka's penalty early in the second half. Mitoma then wrapped up the points as Brighton moved above Tottenham and Arsenal with 15 points. Newcastle ran riot at Sheffield United in the weekend's final action as they put eight past the hapless Blades -- their biggest win in the Premier League since they put eight past Sheffield Wednesday in 1999.

Persons: Arsenal Nunez, Tottenham Hotspur slugged, Harry Kane, Cristian Romero's, Bukayo, Ange Postecoglou's Tottenham, Son Heung, Postecoglou, Declan Rice, Mikel Arteta, West Ham, Mohamed Salah, Nayef Aguerd, Jarrod Bowen, Darwin Nunez, Alexis Mac Allister's, Diogo Jota, Klopp, Malo, Ollie Watkins, Mauricio Pochettino, Villa, Kaoru Mitoma, Dominic Solanke's, Billy Gilmour's, Milos Kerkez's, Neto, Roberto de Zerbi, Fati, Mitoma, Sean Longstaff, Dan Burn, Sven Botman, Callum Wilson, Anthony Gordon, Miguel Almiron, Bruno Guimaraes, Alexander Isak, Martyn Herman, Toby Davis Organizations: Spurs, Arsenal, Liverpool, West Ham Chelsea, Newcastle, Sheffield, Tottenham Hotspur, Premier League, West Ham United . Brighton, Hove Albion shrugged, Bournemouth, Aston Villa, Sheffield United, Newcastle United, London Premier League, The Emirates, Tottenham, Manchester City, West Ham, West, Chelsea, Villa, Brighton, Blades, Sheffield Wednesday, Thomson Locations: Stamford

☆ Kolo Muani and Ramos score maiden PSG goals in win over Marseille
▼ + stars: | 2023-09-24 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

PARIS, Sept 24 (Reuters) - Randal Kolo Muani and Goncalo Ramos scored their first goals for Paris St Germain as the French champions crushed bitter rivals Olympique de Marseille 4-0 in Ligue 1 on Sunday. Kolo Muani and Ramos, with a brace, added to Achraf Hakimi's early opener to lift PSG up to third in the standings with 11 points from six games, two behind surprise leaders Stade Brestois. Marseille, who have had a rough week off the field amid a feud with their fans, are seventh on nine points. The night ended with PSG fans in the Boulogne kop celebrating with homophobic chants, and a big part of the crowd clapping along. The chants briefly stopped when Ramos scored the fourth goal after being set up by Kolo Muani at the end of a sharp counter-attack.

Persons: Randal Kolo Muani, Goncalo Ramos, Paris St Germain, Kolo Muani, Ramos, Achraf, Kylian Mbappe, We're, Luis Enrique, Marcelino, Pablo Longoria, Frank McCourt, Jacques Abardonado, Enrique, Hakimi, Mbappe, Marcelo Ramos, Bradley Barcola, Pau Lopez's, Muani, Azzedine, Ilian, Ousmane Dembele's, Morgan Guilavogui, Julien Pretot, Clare Fallon Organizations: Paris St, Olympique de Marseille, Ligue, PSG, Stade Brestois, Parc des Princes, Marseille, OM, Vitinha, RC Lens, Toulouse, Sevilla, Champions League, Thomson Locations: Parc des, Provence, France, Marseille, Boulogne

☆ Last-gasp penalty miss denies Portugal first win
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +3 min

The excellent Raffaele Storti grabbed a brace of tries for Portugal, who will rue their inability to manage the final few minutes. "That’s rugby, it isn’t one half," Georgia coach Levan Maisashvili said. "We played really hard in the first half but in the second Portugal dominated everywhere. Portugal rode out the 10 minutes a man light and scored the first points of the second half through two Samuel Marques penalties. Georgia finally got into the Portugal half in the closing stages and when Lucas gave away his needless penalty, they were able to set up an attacking lineout and drive over through Zamtaradze to level the score.

Persons: Nuno Sousa Guedes, Portugal agonisingly, scrumhalf Pedro Lucas, Tengiz Zamtaradze, Luka Matkava, Guedes, Patrice Lagisquet, Akaki Tabutsadze, Zamtaradze, Raffaele Storti, Levan Maisashvili, Niniashvili, Flyhalf Tedo Abzhandadze, Storti, Francisco Fernandes, Shalva Mamukashvili, deservedly, Samuel Marques, Jeronimo Portela, Lucas, Mitch Phillips, Nick Said, Pritha Sarkar Organizations: Georgia, Portugal, Thomson Locations: TOULOUSE, France, Portugal, Georgia, Tabutsadze, Georgian, Zamtaradze

The Nevada GOP says it will only recognize — and award delegates to presidential candidates — based on the results of the caucus. “This process will hurt the Republican Party and our candidates in 2024,” the leaders added. “The Nevada Republican Party will give average voters the impression they don’t care about them or their votes.”Nevada GOP Chairman Michael McDonald didn't return multiple phone calls and text messages. Trump's ties to the Nevada GOP are especially deep, with the organization led by longstanding allies, including McDonald and DeGraffenreid. David Gibbs, president of the Nevada Republican Club, said he's not concerned about criticism that the process could favor Trump.

Persons: Donald Trump's, Trump, it's, they're, Ron DeSantis, “ Trump, ”, Ken Cuccinelli, DeSantis, Michael McDonald didn't, Jim DeGraffenreid, Donald Trump, ” DeGraffenreid, That's, McDonald, Alida Benson, Vivek Ramaswamy, Nikki Haley’s, South Carolina Sen, Tim Scott, Mike Pence, they’ll, “, Andrew Romeo, Cuccinelli, David Gibbs, he's, ___ Price, Jill Colvin, Meg Kinnard Organizations: GOP, Trump, Nevada Republicans, The Associated Press, Florida Gov, The, The Nevada GOP, Homeland Security, Nevada Republican Club, Republican, Nevada GOP, Republican Party, Nevada Republican Party, ”, ” Nevada GOP, AP, Democrat, Committeeman, Former South Carolina Gov, South Carolina, ’, Associated Press, S.C Locations: RENO, Nev, Nevada, Florida, The Nevada, ” Nevada, Michigan, Idaho, Iowa, New Hampshire, New York, Columbia

☆ The government could shut down in a week. Here's what's at stake for Americans.
▼ + stars: | 2023-09-22 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Come September 30, some Americans may not see a paycheck or be able to visit parks. For everyday Americans, that could mean losing out on paychecks or childcare spots, and it could even worsen flight delays. The Social Security Administration, for instance, anticipates about 8,500 employees would be furloughed in a shutdown. Travel plans might be further disrupted as Transportation Security Administration workers and air-traffic controllers go without pay, the White House said. The White House has repeatedly said Republicans are bringing Americans this close to another government shutdown.

Persons: GOPers, Kevin McCarthy, holdouts, McCarthy, I've, Here's, wouldn't, Deb Haaland, Biden, Mike Simpson, Politico, we've, haven't Organizations: Service, Caucus, Main Street Caucus, Punchbowl News, Social Security, Management, Social Security Administration, Social, Department of Health, Human Services, Medicare, Center, American Progress, Environmental, Agency, Drug, Occupational Safety, Health Administration, US Department of Agriculture, NASA, Republican, Transportation Security Administration, Federal Budget, East, Republicans Locations: Wall, Silicon, East Coast, Idaho

“You have to prepare for the worst-case scenario,” Ms. Spanberger said. Speaker Kevin McCarthy sent members of Congress home Thursday afternoon after efforts to break a spending impasse with far-right members of his party failed. By the end of the week, lawmakers were in full prep mode and government agencies were dusting off their well-worn instructions for how to function amid the dysfunction. “We had lots of notes from the last time,” Mr. Beyer said in an interview. “Pretty much we’re not going to be able to do anything, because the agencies that we’d be talking to to help us solve it won’t be coming to work,” Mr. Beyer said.

Persons: Ms, Spanberger, Kevin McCarthy, Donald S, Beyer Jr, “, ” Mr, Beyer, “ We’re Locations: Virginia

☆ Brace for another Fed rate hike thanks to a 'problematic' surge in oil prices, billionaire investor Jeff Gundlach says
▼ + stars: | 2023-09-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Expect another rate increase by the Fed at its next meeting due to a "problematic" surge in oil prices, billionaire investor Jeff Gundlach said. "I think the probability of rate hikes is higher than what I thought before this oil spike happened," Gundlach said. Oil prices have climbed past $90 a barrel after Saudi Arabia and Russia slashed production. "So I think the chance of a rate hike is higher because these oil prices are going to be a real problem," Gundlach said. Surging oil prices now threaten to spark a resurgence of US inflation, which the Fed has tried so hard to quell.

Persons: Jeff Gundlach, Gundlach Organizations: Fed, Service, Federal, CNBC, Brent, US West Texas Locations: Saudi Arabia, Russia, Wall, Silicon

☆ Asia markets set to extend losses ahead of China loan prime rate decision; Fed decision on horizon
▼ + stars: | 2023-09-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHENZHEN, CHINA - AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty ImagesAsia-Pacific markets are set to extend losses from Tuesday as investors await China's one-year and five year loan prime rates and brace for the U.S. Federal Reserve's rate decision Wednesday stateside. The region will also see August trade data out from Japan, while wholesale inflation in South Korea jumped for the first time since July 2022. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,184 compared with the last close of 7,196.6. Futures for Hong Kong's Hang Seng index stood at 17,980, lower than the HSI's last close of 17,997.17.

Organizations: Getty, Visual China, U.S, Japan's Nikkei Locations: SHENZHEN, CHINA, Shenzhen, Guangdong Province of China, Asia, Pacific, U.S . Federal, Japan, South Korea, Chicago, Osaka, Australia

☆ Lazio goalkeeper Ivan Provedel scores last-minute goal to earn Champions League draw
▼ + stars: | 2023-09-20 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Lazio goalkeeper Ivan Provedel produced the unthinkable on Tuesday after scoring his team’s 95th-minute equalizer against Atlético Madrid in the Champions League. The 29-year-old is the fourth goalkeeper to score in the Champions League and the first since Vincent Enyeama netted for Hapoel Tel Aviv in the 2010 qualifying rounds. “It’s a night I’ll remember all my life,” Provedel told UEFA after the game finished 1-1. It hasn’t sunk in; later, I will realize that I scored in the Champions League. I hope the point gives us momentum as motivation and enthusiasm.”Provedel became just the fourth goalkeeper to score in the Champions League.

Persons: Ivan Provedel, Pablo Barrios ’, Provedel, Luis Alberto, Vincent Enyeama, “, ” Provedel, Maurizio Sarri, ” Sarri, Sari, Osman Bukari, Julián Álvarez, Rodri Organizations: CNN — Lazio, Atlético Madrid, Champions League, Stadio Olimpico, Lazio, Hapoel Tel, UEFA, “, Getty, Sky Sport Italia, E, Feyenoord, Celtic, Atlético, Manchester City, Red Star Belgrade, English Premier League Locations: Hapoel Tel Aviv, Atlético Madrid

Looking beyond the Fed’s rate decisionThe markets on Tuesday are betting that the Fed will stand pat on interest rates on Wednesday. The higher-for-longer policy would probably deal a blow to prospective home buyers and businesses, and could undermine President Biden’s message of economic growth heading into an election year. Investors will focus on the Fed’s quarterly economic projections. With Brent crude hitting a 10-month high of more than $95 a barrel on Tuesday morning, however, fears on inflation still loom large. Investors on both sides of the Atlantic dumped bonds on Monday, with yields on a 10-year inflation-adjusted Treasury note hitting a 14-year high on fears that the Fed would stay hawkish on interest rates.

Persons: Biden’s, Brent Organizations: Fed, Investors

☆ US stocks slump as investors brace for the Fed's next interest rate decision
▼ + stars: | 2023-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks dipped Tuesday as investors braced for the Fed's next interest rate move. Investors are pricing in a near-100% chance rates will be kept level on Wednesday. All three benchmark indexes ended the day lower, with the Dow losing over 100 points. All three benchmark indexes ended the day in the red, with the Dow losing over 100 points as central bankers deliberated over their next policy decision. Markets are pricing in a 99% chance central bankers will choose to keep interest rates level on Wednesday.

Persons: Jerome Powell, Brent Schutte Organizations: Dow, Service, Federal, Northwestern Mutual Wealth Management, Brent, West Texas Intermediate, Dow Jones Locations: Wall, Silicon, Here's

☆ Asian shares drop as investors brace for central bank-packed week
▼ + stars: | 2023-09-18 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

U.S. West Texas Intermediate crude futures gained 0.8% to $91.52, their highest level since November, while Brent crude futures rose 0.7% to $94.55 per barrel. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7%. This week, global central banks will take centre stage, with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings. Last Friday, Wall Street ended sharply lower as U.S. industrial labour action weighed on auto shares. The euro gained 0.1% to $1.0667, after slumping to a 3-1/2 month low of $1.0632 last week as the European Central Bank signalled its rate hikes could be over.

Persons: BOE, BOJ, Taiwan's TSMC, Hong, Tommy Xie, Chris Weston, Weston, Kazuo Ueda, Cash Treasuries, Stella Qiu, Shri Navaratnam, Edwina Gibbs Organizations: Federal Reserve, Bank of Japan, Nasdaq, . West Texas, Brent, Japan's Nikkei, Technology, Reuters, Trust, Greater, Greater China Research, OCBC Bank, China Evergrande, Fed, U.S ., Bank of England, Treasury, Amazon, European Central Bank, Thomson Locations: China, SYDNEY, Europe, Asia, Pacific, Japan, Zhongrong, Greater China, HK, Pepperstone, Tokyo

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