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☆ NBA roundup: Kings spoil Mavs' Luka Doncic-Kyrie Irving debut
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +8 min

Kevin Huerter scored all 15 of his points in the second half, Trey Lyles added 14 points and Harrison Barnes had 13 for the Kings. Mikal Bridges scored 23 points in his Nets debut after being obtained from the Phoenix Suns on Thursday for Kevin Durant. The Hornets' losing streak reached seven games despite LaMelo Ball coming within a rebound of a triple-double. Jokic, who pulled in seven offensive rebounds, scored 40 points in a mid-December home victory against the Hornets. DeMar DeRozan followed with 16 points, and Nikola Vucevic notched a double-double of 14 points and 14 rebounds.

☆ NBA roundup: Bucks win ninth straight as Lakers rest LeBron James
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +3 min

Khris Middleton scored 22 points off the Milwaukee bench, and Jrue Holiday finished with 18 points, seven rebounds and seven assists. Nikola Vucevic added 15 points and 17 rebounds and DeMar DeRozan finished with 14 points. Cole Anthony and Bol Bol scored 17 apiece as the Magic won for the third time in four games. Hawks 116, Suns 107Trae Young collected 36 points, 12 assists and seven rebounds to fuel host Atlanta to victory over short-handed Phoenix. Ish Wainright scored 17 points and Chris Paul added 15 points and eight assists for the Suns, who saw their three-game winning streak come to a halt.

The ban is expected to apply to some investments tied to chip production, two of the sources said. China hawks in Washington blame American investors for transferring capital and valuable know-how to Chinese tech companies that could help advance Beijing's military capabilities. The White House declined to comment and the Chinese embassy in Washington did not immediately respond to a request for comment. That could include the long-awaited outbound investment order. Efforts to incorporate an outbound investment screening plan in legislation failed last year in Congress.

☆ NBA roundup: Thunder spoil LeBron James' record night
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +5 min

[1/5] Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) moves the ball against the Oklahoma City Thunder during the second half at Crypto.com Arena. Shai Gilgeous-Alexander scored 30 points and dished out eight assists for the Thunder, while Jalen Williams added 25 points. He became the first player in franchise history with three straight 40-point games and scored 13 of his points in the fourth. Dejounte Murray had 19, Trae Young had 16 points and 16 assists, John Collins scored 15 points and Clint Capela added 13. Jackson led the charge with support from Ja Morant, who finished with a game-high 34 points, and Brandon Clarke, who came off the bench for 13 points.

☆ Morning Bid: Powell confesses 'This time it's different'
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +5 min

Any fear of a radical Fed rethink on the back of the jobs numbers seemed wide of the mark. "This cycle is different from other cycles...it has just confounded all sorts of attempts to predict," Powell admitted. And many think last week's jobs report should similarly be treated with care. They included a minimum tax for billionaires and a quadrupling of the tax on corporate stock buybacks. Brands, Eaton Corp, etcUS terminal rateReuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, Editing by Raissa Kasolowsky <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

☆ NBA roundup: Giannis' triple-double sparks Bucks to 7th straight win
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +9 min

Khris Middleton scored 24 points off the bench for the Bucks, who won their seventh straight game. Tyler Herro added 24 points despite shooting just 2 of 8 from 3-point range, and Bam Adebayo recorded a double-double of 16 points and 11 rebounds. Jalen Brunson scored 41 points, three shy of his career high, while Julius Randle posted 28 points and 11 rebounds for the Knicks. De'Andre Hunter scored 20 points and Clint Capela had 12 points and 11 rebounds. DeMar DeRozan collected 27 points, seven assists and seven rebounds, and Nikola Vucevic had 23 points and 11 rebounds.

☆ NBA roundup: Five players ejected as Magic drop Wolves
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +7 min

Bojan Bogdanovic added 21 points, Alec Burks chipped in with 16, Jalen Duren collected 13 points and 13 rebounds, and Isaiah Stewart added eight points, 16 rebounds and six assists. Mason Plumlee added 13 points, and Gordon Hayward chipped in 12. Jayson Tatum had a poor shooting night, hitting 3 of 15 from the floor en route to 20 points, and Derrick White added 19 points. Clint Capela hauled in a game-high 13 rebounds and scored nine points for Atlanta. Jordan Clarkson scored 24 and Mike Conley, playing his 1,000th NBA game, chipped in with 20 points and eight assists.

This would take the rate the ECB pays on bank deposits to the highest level since November 2008, after a steady climb from a record low of -0.5% in July. Reuters GraphicsThe ECB said in December that rates would be increased "at a steady pace" until it is happy inflation is heading back down to its 2% target. BNP Paribas also thought the ECB might take out the reference to a "steady pace" of rate hikes or offset it so that a 50-basis-point increase would be "not predetermined (but) still a possible outcome". And an ECB survey showed banks were tightening access to credit by the most since the 2011 debt crisis - usually the harbinger of lower growth and slowing inflation. To some observers, this meant the ECB would be wise not to commit to any future policy move.

☆ Sticky underlying inflation set to keep ECB on its toes
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +4 min

The drop in headline inflation is unlikely to expunge concerns among conservative policymakers that rapid price growth is becoming entrenched, a worry reinforced by high underlying inflation on Wednesday. Inflation excluding volatile food and fuel prices picked up to 7% from 6.9% while an even narrower measure watched closely by the ECB held steady at 5.2%, exceeding forecasts for 5.1%. Underlying inflation was driven by a jump in processed food and industrial goods prices but services inflation, a key worry because it reflects wage growth, eased a touch. Euro zone unemployment held steady at 6.6% in December, its lowest rate on record, separate data showed on Wednesday. Markets now expect ECB rates to peak at 3.5%, the highest rate in over 20 years, suggesting another 100 basis points of hikes after Thursday's move.

☆ Sick Britain no longer needs Dr Bailey’s medicine
▼ + stars: | 2023-02-01 | by ( Francesco Guerrera | ) www.reuters.com time to read: +3 min

However, such monetary tightening increasingly looks at odds with Britain’s dire economic conditions. Bank of England hawks can point to key indicators that are still running hot, such as inflation, economic output and wages. Yet those gauges are backward-looking and will cool down this year as a recession and past rate hikes hit consumers and firms. The effects of rate hikes take time to show up in the numbers. The rate-setting Monetary Policy Committee of the BoE split three ways in December when the central bank sanctioned a 50-basis-point increase.

☆ U.S. investors have plowed billions into China's AI sector, report shows
▼ + stars: | 2023-02-01 | by ( Alexandra Alper | ) www.reuters.com time to read: +2 min

According to the report, 167 U.S. investors took part in 401 transactions, or roughly 17% of the investments into Chinese AI companies in the period. Those transactions represented a total $40.2 billion in investment, or 37% of the total raised by Chinese AI companies in the 6-year period. According to the report, U.S. investor GSR Ventures invested alongside China's IFlytek Co Ltd (002230.SZ) in a Chinese AI company after the speech recognition firm was added to a trade blacklist. Silicon Valley Bank and Wanxiang American Healthcare investments group made investments in Chinese AI firms alongside China's Sensetime before the powerhouse in facial recognition technology was added to the same trade blacklist. Only one Chinese AI company that received funding from U.S. investors is involved in developing AI applications for military or public safety uses, according to CSET.

☆ Hoka sneakers: Why these chunky, ugly running shoes are selling like crazy
▼ + stars: | 2023-01-31 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Hoka, which started in 2009 in France as a running shoe for hardcore marathoners, is growing rapidly with casual runners, hikers and weightlifters. “There wasn’t anyone doing what Hoka was doing.”But Hoka carved out a niche in specialty running shops. By 2019, Hoka sales topped $220 million. “We don’t see this as just a running brand,” Deckers CEO David Powers said in October. “This is a running, trail, hike brand that is more like a North Face” than Brooks running shoes.

☆ TikTok CEO to testify before Congress in March amid app security questions
▼ + stars: | 2023-01-30 | by ( Rose Horowitch | Rose Horowitch Is An Intern With Nbc News Digital Politics. | ) www.nbcnews.com time to read: +3 min

TikTok CEO Shou Zi Chew will appear before Congress in March to field questions about the viral video app's security measures amid mounting efforts to ban it because of privacy concerns. TikTok, which is owned by the Chinese company ByteDance, has come under increased scrutiny after media reports showed possible security breaches. Several lawmakers are supporting legislation to ban the app from the U.S. entirely. The ban Biden approved, which was wrapped into the omnibus spending bill, included limited exceptions for law enforcement, national security and security research purposes. Last month Congress banned it on all government devices.

By announcing an inflation goal, central bankers feel they build credibility for themselves and focus the planning of households and firms in ways that help keep inflation controlled. Those decades, up to the end of the first year of the coronavirus pandemic in 2020, saw inflation largely contained. Achieving that target is just core to our overall monetary policy," Brainard said, a sentiment echoed in central bank headquarters from Frankfurt to London to Tokyo. "Let me be quite clear, there are no ifs or buts in our commitment to the 2% inflation target," Bank of England Governor Andrew Bailey said last year. Should inflation prove stickier than expected, achieving the central bank's 2% inflation goal could mean even more losses.

☆ A mailman, a NASA scientist and a park ranger: Some government employees shrug off TikTok bans
▼ + stars: | 2023-01-28 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

Jean-Pierre, who’s from Morristown, New Jersey, has attracted 215,500 followers on the video app where most days he posts from his mail truck during his lunch break. As of last month, all federal workers are banned from having TikTok on their work phones. In some places, using a personal device isn’t enough to get around TikTok restrictions. There’s no telling precisely how many federal workers use TikTok, but certain hashtags show the breadth of its popularity. The public relations staff at some federal agencies said they had no plans to interfere with what federal workers did on their own.

☆ Cubans signed with MLB teams will for first time play on national team at World Classic
▼ + stars: | 2023-01-27 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

HAVANA — Cubans signed with Major League Baseball organizations and other foreign clubs will for the first time join domestic stars on the national team that will play in the World Baseball Classic, officials announced Wednesday evening. The Cuban Baseball Federation long defended the idea of amateurism and punished those who left the island to seek their fortunes in professional baseball. But that changed when a program on state television announced the roster of 30 players for Cuba’s national team that will play in the international tournament that begins March 8 in Taiwan. To arrange participation of the MLB players, Cuba had to get special permission from the United States because Washington maintains sanctions on Cuba. Under the agreement, those players are barred from coming to Cuba to work with the team.

☆ Take Five: Goldilocks and the three bears
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +5 min

Will the Federal Reserve tone down its hawkish rhetoric in the face of cooling inflation or stick to its guns? Investors widely expect a 25-basis point rate increase at the Feb. 1 meeting and for rates to stop short of hitting 5%. Fed officials, however, have indicated they expect the key policy rate to top out at 5.00-5.25% this year. Dollar bears, meanwhile, will watch for dovish leanings that could further accelerate a decline in the greenback. Amundi reckons ECB rates could reach 4%.

☆ TikTok tries to sell ‘Project Texas’ as it fights for survival in the U.S.
▼ + stars: | 2023-01-26 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +4 min

Some of the details appeared Thursday on the security blog Lawfare, where two people provided a rundown of what they said they heard at one TikTok briefing last week. He said his center has received funding from TikTok, but that he had no view on whether TikTok’s assurances were satisfactory. “We have shifted our approach,” Erich Andersen, the general counsel of ByteDance, the Chinese owner of TikTok, told the Times. A key partner of TikTok is the U.S. computing giant Oracle, which has its headquarters in Austin, Texas, where TikTok may choose to house the data of its U.S. users. The code name “Project Texas” became public last year.

☆ NBA roundup: Damian Lillard scores 60, moves up 3-pointer list
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +7 min

Jerami Grant added 19 points and Anfernee Simons had 16 points and nine assists, which won its second game in a row. 76ers 137, Nets 133Tyrese Maxey scored 27 points, Joel Embiid added 26 points and 10 rebounds and host Philadelphia defeated Brooklyn. Rui Hachimura scored 12 points in his Lakers debut after he was acquired in a trade with the Washington Wizards on Monday. Pat Connaughton had 19 points and 12 rebounds and Khris Middleton added 10 points for the Bucks. Mathurin went for a game-high 26 points, but Banchero's Magic came out on top thanks to a strong start.

☆ How Dmitry Medvedev, Russia's former president, went from perceived pro-West reformer to virulent warmonger since the invasion of Ukraine
▼ + stars: | 2023-01-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Russia's former president has become one of its most vitriolic figures amid the Ukraine invasion. When Dmitry Medvedev was elected, some saw him representing a more liberal future for Russia. Russian President Vladimir Putin and then-Prime Minister Dmitry Medvedev at the Kremlin in Moscow, Russia, in December 2016. Russian President Vladimir Putin and then-Prime Minister Dmitry Medvedev during the United Russia party congress in Moscow, Russia, in December 2017. Putin became president again once Medvedev's first term was up, and Medvedev duly became his prime minister, serving until 2020.

☆ EU debt fears hinder U.S. green subsidies riposte
▼ + stars: | 2023-01-24 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

That ties von der Leyen’s hands. Since September, von der Leyen has been pushing a “solidarity fund” to offset the imbalances that could arise out of freer-flowing EU subsidies. To move ahead, von der Leyen will just have to scatter some seeds and see what grows. Follow @rebeccawire on TwitterCONTEXT NEWSEuropean Commission President Ursula von der Leyen gave a Jan. 17 speech at Davos on her forthcoming green technology strategy. Von der Leyen has since September been advocating for a “solidarity fund” to help smaller countries keep up with their bigger, richer peers.

☆ NBA roundup: Jalen Green, Rockets end 13-game skid
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +6 min

Alperen Sengun added 21 points, seven rebounds and seven assists as Houston ended a 10-game homecourt skid. Brook Lopez had 21 points, Bobby Portis logged 18 points and 10 rebounds and Jevon Carter also scored 18 points for the Bucks. Patrick Williams had a double-double of 18 points and 10 rebounds, while Alex Caruso (12 points) and Coby White (10) also finished in double figures for Chicago. Trae Young paced Atlanta with 21 points and 13 assists, joining Clint Capela (16 points, 12 rebounds) with a double-double. Jordan Clarkson added 18 points for Utah, which has won three of its past four.

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. The single currency was aided by European Central Bank (ECB) governing council members Klaas Knot and Peter Kazimir, who both advocated for two more 50 basis point hikes at meetings in February and March. A Reuters survey of analysts also favoured hikes of 50 basis points at the next two meetings and an eventual rate peak of 3.25%, from the current rate of 2%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. The pound rose as high as $1.24475 , its highest in seven months, before turning 0.3% lower to $1.2355.

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. A Reuters survey of analysts also favoured a hike of 50 basis points in March and an eventual top of 3.25% from the current rate of 2%. "Layered on top of that, it looks as if the ECB are going to carry on hiking interest rates fairly aggressively," Foley added. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing.

☆ Euro clears 9-month peak as ECB hawks let fly
▼ + stars: | 2023-01-23 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The euro reached as far as $1.0903 , breaking the recent peak of $1.08875 and opening the way to a spike top from last April at $1.0936. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. A Reuters survey of analysts also favoured a hike of 50 basis points in March and an eventual top of 3.25%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. read moreAny hint the replacement is less dovish than current governor Haruhiko Kuroda could see the yen climb anew.

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