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How the U.S. Was Eliminated, Shot by Shot
  + stars: | 2023-08-06 | by ( Juliet Macur | ) www.nytimes.com   time to read: +1 min
Under an ink black Australian sky above Melbourne Rectangular Stadium, the Women’s World Cup game between the United States and Sweden on Sunday went on and on and on. That’s when the United States’ recent dominance in the World Cup fully ended, and the Americans were left stunned and devastated by their worst showing at the quadrennial tournament. But on Sunday, in the round of 16, three missed penalty kicks and a razor-thin goal by Sweden changed their fate. Sophia Smith, who missed an opportunity to win for the United States, had to be consoled by her teammates as she sat on the field in tears. Kelley O’Hara, in her fourth World Cup, stormed by reporters and stared straight ahead in silence after the game, moments after her penalty shot hit the right post and bounced away.
Persons: Sophia Smith, Kelley O’Hara, Megan Rapinoe, Rapinoe, , Organizations: Sunday Locations: Melbourne, United States, Sweden
Orioles shooting for sweep of sputtering Mets
  + stars: | 2023-08-06 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
"It's really fun to have the fans there to support us, and it's really fun to be out there," Orioles outfielder Anthony Santander said. The Orioles go into Sunday afternoon's game against the visiting New York Mets looking to add to their latest surge of six wins in their last seven games. "The energy in the ballpark the entire game was fantastic," Orioles manager Brandon Hyde said, referring to the atmosphere surrounding Saturday night's 7-3 win. "Not where I want to be, not where the team wants to be. Left-hander Jose Quintana (0-2, 3.57) gets the call for the Mets in just his fourth big-league game of the season.
Persons: Anthony Santander, Brandon Hyde, They've, We're, Hyde, Jeff McNeil, McNeil, Kyle Bradish, Jose Quintana, Jimmy Yacabonis, John Curtiss, Reed Garrett, Colton Cowser Organizations: Baltimore Orioles, Orioles, New York Mets, American League East, Baltimore, Miami Marlins, Mets, Triple, Thomson Locations: Syracuse, Baltimore
The "twisties," which cut short Biles' Tokyo run, were nowhere in sight on Saturday as the U.S. gymnast appeared back to her previous, top-notch form after taking more than a year off from the sport. During that break she prioritized her mental health, which became a major focus following her abrupt withdrawal from the team finals in Tokyo. "I’m still continuing to work on myself and go to therapy," Biles said, stressing the importance of a mental break. "I think I’m in better shape than I was in 2021," she said. "Who knows, I'm not going to think too far ahead," Biles said when asked about her plans.
Persons: HOFFMAN, Simone Biles, dazzled, Biles, I’m, I'm, Karen Braun, William Mallard Organizations: Tokyo Olympics, Thomson Locations: , Illinois, Chicago, Tokyo, U.S
The line of fans decked out in their red, white and blue best extends more than halfway down the block. Mike Householder and Suzanne Rivera outside the Morningside Tavern in Auckland, New Zealand on August 1, 2023. Many fans have run into each other at game after game, orchestrating informal meet-ups. For some loyal fans, this is their third, fourth or even fifth World Cup. “I’m sure there is a lot of fans nervous based on what they saw in the group stage,” he said.
Persons: Auckland’s, , , Mike, Suzanne Rivera, “ Cotton, Joe ” blare, Tara Subramaniam, Dave Gunn, they’ve, Nadia Pelayo, ” Nadia Pelayo, There’s, Garvey Daniels, Kristen Pariseau, Gunn, It’s “, it’s, Maggie Gray, Alex Morgan, Hannah Peters, Justin Brunken, Brunken, Organizations: New Zealand CNN, American Outlaws, Liberty, Portugal, CNN, Radio New Zealand, Morningside, Saints, FIFA, US, Eden Park, Sydney, , Outlaws, Auckland Locations: Auckland, New Zealand, Auckland’s Eden, United States, Paul , Minnesota, Canada, Auckland , New Zealand, America, USA, Auckland , New, Wellington, San Antonio , Texas, Texas, Eden, Portugal, Netherlands, California, Georgia, Australia, Zealand, Sweden, Melbourne, Sydney
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally in Erie, Pennsylvania, U.S., July 29, 2023. Less than two hours after news of the charges broke, Trump's campaign blasted out an email to supporters seeking donations, titled: BREAKING: PRESIDENT TRUMP INDICTED. In the week following the indictment, the campaign sent out 34 fundraising emails directly referencing the criminal charges, according to a Reuters review of campaign communications. Following the indictment, Trump's support rose to 49% in an April 21-24 survey while DeSantis slipped to 23%. He raised much less money in the days after his second indictment, according to campaign finance disclosures.
Persons: Donald Trump, Lindsay DeDario, Ron DeSantis, Trump, speechwriters Ross Worthington, Vince Haley, Haley didn't, grapples, Attorney Alvin Bragg, TRUMP, Chris Jackson, DeSantis, Bragg, DANIELS, reimbursements, Michael Cohen, Stormy Daniels, reimbursing Cohen, Daniels, Trump's, Adam Geller, Republican pollster, Geller, Nathan Layne, Karen Freifeld, Tim Reid, Jason Lange, Ross Colvin, Pravin Organizations: U.S, Republican, REUTERS, White, Conservative Political, Trump, Reuters, Worthington, Manhattan, Attorney, Republicans, Prosecutors, Manhattan District, Thomson Locations: Erie , Pennsylvania, U.S, Maryland, York, Georgia, East Palestine , Ohio, Florida, Manhattan, Miami, Bedminster , New Jersey
Morning Bid: Markets brace for BOE as China PMI cheers
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +3 min
The BOE is leaning toward a 25 basis point hike after the inflation gods took some pity on the UK last month. Investors and economists will be sure to inspect the BOE's growth and inflation forecasts for indications of just how sticky the central bank thinks inflation has become. Not to be overshadowed by monetary policy, earnings reports roar back into focus on Thursday with Apple (AAPL.O) at the forefront. China kicks off a long line of PMI releases today with better-than-expected services activity, giving markets a bit of good news after disappointing data on Monday. In Japan, the stock market continued to feel the drag from U.S. chip firms on Thursday morning, with the Nikkei (.N225) seeing broad-based losses.
Persons: Hollie Adams, Brigid Riley, BOE, Jerome Powell isn't, hasn't, Stryker, Fed's Barkin, Jacqueline Wong Organizations: Bank of England, City of, REUTERS, Bank of, CPI, Reuters Graphics, ECB, Apple, Moderna, PMI, HK, Nikkei, Royce, Infineon, Adidas AG, BMW, Fed's, Thomson Locations: City, City of London, Britain, United States, China, Japan, U.S, Expedia, France, Italy, Sweden, Spain, Germany, Euro
Soccer Football - FIFA Women’s World Cup Australia and New Zealand 2023 - Group F - Jamaica v Brazil - Melbourne Rectangular Stadium, Melbourne, Australia - August 2, 2023 Brazil's Marta with Jamaica's Vyan Sampson after the match REUTERS/Hannah MckayMELBOURNE, Aug 2 (Reuters) - Brazil exited the World Cup on Wednesday hoping a new generational talent will emerge as Marta's sixth and final Women's World Cup ended with a 0-0 draw against Jamaica that sent the Caribbean side to the last 16. Having won virtually every individual award in women's football, Marta missed out on the World Cup she had craved, and Brazil's wait for a first goes on. Sundhage said she had no idea whether Marta wanted to play on for the national team but suspected she would because of her love of the game. "Whether she’s good enough to be called up to the national team, let’s see," said Sundhage. "As long as I am coaching the national team, I am going to do a lot of work to find new players.
Persons: Brazil's Marta, Jamaica's Vyan Sampson, Hannah Mckay MELBOURNE, Marta, Pia Sundhage, Sundhage, Ian Ransom, Christian Radnedge Organizations: Soccer Football, FIFA, Jamaica, Thomson Locations: New Zealand, Jamaica, Brazil, Melbourne, Australia, Caribbean
CNN —After the thrill of winning successive Women’s World Cup titles, the 2023 tournament – so far – has brought the US team very much down to earth with a bump. For a team that has been so historically dominant at the Women’s World Cup, performances throughout the 2023 edition so far have been underwhelming for women’s soccer’s most dynastic team. Fans of the US team get ready for the Women's World Cup group game against Portugal. 3 ranked in the world by FIFA, has plenty of World Cup history. Sweden drew with the US in 2015 and also beat them in 2011 – the last time any team defeated the USWNT inside regulation at a World Cup.
Persons: Ana Capeta’s, Vlatko Andonovski, , Julie Foudy, Buda Mendes, Alex Morgan, ” Morgan, Thailand’s, , Megan Rapinoe, Morgan, Andonovski, Mallory Swanson, Tobin Heath, Sam Mewis, Catarina Macario, Becky Sauerbrunn, Abby Dahlkemper, Andrew Cornaga, Trinity Rodman, Carli Lloyd, ” Lloyd, Crystal Dunn, Lloyd, ” Andonovksi, , Rebecca Welch, Rose Lavelle, Lavelle, Saeed Khan, Cristiano Ronaldo, Sophia Smith, we’ll, Lindsey Horan, ” Andonovski, “ We’re Organizations: CNN, TNT, US, National, Getty, Portugal, New Zealand, Canada, Tokyo, Christen Press, Vietnam, Professional, Chicago Bulls, New York Yankees, Los Angeles Lakers, Boston Celtics, Montreal Canadiens, UEFA, Leagues, , Sweden, FIFA Locations: Portugal, Buda, Thailand, Netherlands, Vietnam, England, New, New Zealand, Sweden, Spain, Auckland, Wellington, AFP, Real Madrid
Trump’s political action committee, Save America, has spent more than $40 million on legal fees since the start of 2023, a source familiar with the matter told CNN. The PAC also shelled out $16 million-plus on legal costs the previous year, Federal Election Commission records show. However, Paul Seamus Ryan, a campaign finance expert, recently told The Washington Post he did not see any “legal red flags” with the PAC paying Trump’s fees. It is disgraceful that Trump is using funds from small donors that they believed would fund his campaign for his own personal legal woes. But even Trump knows the more he spends on legal fees, the less he has for his 2024 campaign.
Persons: Dean Obeidallah, CNN — Dean Obeidallah, Donald Trump’s, deliberates, Joe Biden’s, ” Trump, Steven Cheung, Trump, , Chris Christie —, Trump’s, , Donald Trump, ” Christie, “ They’re, Paul Seamus Ryan, ” Ryan, Ryan, Jeff Swensen, I’m, , Biden, Joe Biden Organizations: CNN, CNN — Dean Obeidallah CNN, Florida —, Save, Federal, Commission, The New York Times, PAC, Trump, Prison, Save America PAC, Times, New, New Jersey Gov, Washington Post, , Twitter, Facebook, Republicans, Biden, GOP, White House Locations: New York, Florida, Washington , DC, Fulton County , Georgia, New Jersey, Erie , Pennsylvania
In this article META Follow your favorite stocks CREATE FREE ACCOUNTMark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty ImagesA year ago, Meta's stock was in the midst of a nosedive as Wall Street grew concerned that threats to the business were increasingly existential. Despite slipping on Monday, Meta's stock climbed 11% in July, wrapping up its ninth straight month of gains, by far the longest such stretch since Facebook's IPO in 2012. watch nowMeta has been the second-best performing stock in the S&P 500 this year, behind only Nvidia . Then came the cost cuts and Zuckerberg's promise early this year that 2023 would be the "year of efficiency."
Persons: Mark Zuckerberg, Kevin Dietsch, Mark Zuckerberg's, Zuckerberg, Frances Haugen, Haugen's Organizations: Meta, Getty, Facebook, Nvidia, Apple, Nurphoto Locations: Ukraine, Russia, China
Cruise lines are seemingly adopting the budget airline model: Charge a base fare and pile on extras. Newer cruise ships have "more opportunities to upsell" with restaurant and entertainment options. In fact, cruise lines have told their investors recently that passengers are embracing these add-on costs — and enhancing their bottom lines. "Cruise lines are creative to try to make you forget you actually bought some things nine months ago," Scholes said. Cruise lines are trying to cut costs at the same timeThe cost of drink packages have been increasing on some cruise lines.
Persons: Brittany Chang, Patrick Scholes, Guy, Scholes, Silversea, It's, it's, Josh Weinstein, Tynan Smith, Kara Wallace, Royal Organizations: Cruise, New, Truist Securities, Norwegian Cruise Line, MSC Cruises, Royal, Royal Caribbean Group, Royal Caribbean, Carnival Corp, Street Journal, UBS, Royal Caribbean's Locations: New York City, Norwegian, Royal Caribbean, Royal, Brittany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel posts surprise Q2 profit: Shares rise as Well Street cheers cost cutsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Intel CEO Pat Gelsinger speaks with CNBC's Jon Fortt about the chip company's recent earnings report.
Persons: Brian Sullivan, , Pat Gelsinger, CNBC's Jon Fortt Organizations: Intel, CNBC
Thai protesters show support for Pita after PM bid blocked
  + stars: | 2023-07-23 | by ( ) www.reuters.com   time to read: +2 min
BANGKOK, July 23 (Reuters) - Hundreds of pro-deomcracy protesters in Thailand gathered on Sunday in a show of support for Pita Limjaroenrat, the leader of the Move Forward party, after conservative opponents thwarted his latest attempt to become prime minister. Parliament has twice blocked the Harvard-educated Pita, 42, from becoming prime minister - once last Wednesday and previously the week before - which his supporters say was due to unfair rules. Move Forward's policies put it on collision course with Thailand's nexus of royalist military, old money elites and conservative forces. Move Forward's eight-party coalition includes the populist Pheu Thai party and controls a majority in the 500-member lower house. Another vote on the premiership is scheduled for Thursday when Move Forward coalition ally Pheu Thai will propose a candidate who is largely expected to be political newcomer real estate tycoon Srettha Thavisin.
Persons: Pita Limjaroenrat, Pita, Pheu, Srettha Thavisin, Chayut, Barbara Lewis Organizations: Harvard, Thomson Locations: BANGKOK, Thailand, Bangkok, Thai
A French ad for the upcoming Women's World Cup went viral recently for its tricky use of digital editing. The ad uses VFX techniques to make the women's team look like men. The real footage is revealed, showing Sakina Karchaoui, Selma Bacha, Amandine Henry, and other leading players on the French women's team. The Women's World Cup also hasn't been around as long: the Men's World Cup was founded in 1930, while the Women's was founded in 1991. The French team is scheduled for their first match on July 23, against Jamaica.
Persons: Antoine Griezmann, Kylian Mbappé, Les Bleus, it's, Les, Sakina Karchaoui, Selma Bacha, Amandine Henry, hasn't, Marcel Organizations: Morning, Orange, French men's, women's, French, YouTube Locations: French, France, Australia, New Zealand, Jamaica
Netanyahu's religious-nationalist coalition says the bill, which parliament is scheduled to vote on by Monday, is needed to balance out the branches of power because the Court has become too interventionist. They plan to rally outside parliament ahead of a Sunday debate and subsequent vote on the bill, which would limit the Supreme Court's powers to void what it considers "unreasonable" government or ministerial decisions. Protest leader Shikma Bressler, asked if she thought the marchers would manage to stop the vote, said she didn't know. The bill, its supporters say, is designed to facilitate effective governance with courts still keeping ample judicial oversight. Opponents say the change is being rushed through parliament and will open the door to corruption and abuses of power.
Persons: Benjamin Netanyahu, Dan Williams HEMED, Shikma Bressler, Washington, Netanyahu, Maayan, John Stonestreet Organizations: Israeli, REUTERS, Reuters, Thomson Locations: Jerusalem, Motza, Israel
US President Joe Biden speaks about his economic plan "Bidenomics" at the Philly Shipyard, in Philadelphia, Pennsylvania, on July 20, 2023. But the choreographed excitement and stagecraft on display in Philadelphia belied a different sentiment among voters about what's been dubbed "Bidenomics." "Together we are transforming the country, not just through jobs, not just through manufacturing, but also by rebuilding our infrastructure," Biden told a crowd of hardhat-wearing union workers who stood atop steel beams three storeys high. We've got a long way to go on the economy," Biden told the shipbuilders. "I'm here to say we have more work to do, but we have a plan that's turning things around pretty quickly."
Persons: Joe Biden, what's, I've, Biden, Patrick Murray, it's, Biden hasn't, Jennifer Granholm, Xavier Becerra, Jill Biden, We've Organizations: Philly Shipyard, CNBC, America Economic Survey, Monmouth University, Biden, Monmouth University Polling Institute, Energy, Human Services, Citigroup Locations: Philadelphia , Pennsylvania, Philadelphia, America, Philly, U.S, Monmouth, North Carolina, South Carolina, Georgia, Tennessee, Ohio , Michigan, New York
Fleetwood thrives at home sweet home
  + stars: | 2023-07-20 | by ( Ed Osmond | ) www.reuters.com   time to read: +2 min
They were so great to me today," Fleetwood told reporters. But just having that support and people egging you on, whether you hit a good shot or a bad shot just pushes you on." Fleetwood said he felt very lucky to be able to play an Open so close to home. Started tournaments pretty slow, so to get something going today felt really good." "As first rounds go, that's absolutely the one you wanted, and to get off to a good start feels good," he said.
Persons: Tommy Fleetwood, Paul Childs HOYLAKE, Nick Faldo, Fleetwood, Christo Lamprecht, It's, St Andrews, that's, Ed Osmond, Toby Davis Organizations: 151st, Royal, REUTERS, British, Portrush, Thomson Locations: Royal Liverpool, Hoylake, Britain, England, Southport, St
Linda Yaccarino commented on a video of Ed Sheeran's concert that featured Eminem on Twitter. The Twitter CEO has previously posted pictures with celebrities like Miley Cyrus and Rami Malek. She's recently been busy as Twitter's competition with rival platform Threads has been heating up. The competition between Twitter and Threads is becoming more intense but Twitter CEO Linda Yaccarino still had a moment to rave about an Ed Sheeran concert that took place on Saturday. Meta CEO Mark Zuckerberg recently launched his text-based social media platform, Threads, which has been dubbed a Twitter copycat by Musk.
Persons: Linda Yaccarino, Ed Sheeran's, Eminem, Miley Cyrus, Rami Malek, She's, Ed Sheeran, Sheeran, Yaccarino, Elon Musk, Mark Zuckerberg Organizations: Twitter, Morning, Zuckerberg Locations: Detroit
The Matildas called out gender disparity in World Cup prize money in a video message released on Monday, ensuring the topic will stay front-and-centre days before the tournament kicks off on their home turf and in New Zealand. The team went on strike in 2015 to demand better pay and have received the same minimum percentage of prize money for tournaments as their male counterparts since 2019. The statement comes amid upheaval across women's soccer, with players demanding better pay and playing conditions across the globe. The governing body previously said it aimed for prize money parity by the next World Cups in 2026 and 2027. Reporting by Amy Tennery in Auckland, additional reporting by Lori Ewing; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.
Persons: Olivia Chance, Rebecca Sowden, Christina Philippou, England's, Megan Rapinoe, Amy Tennery, Lori Ewing, Clare Fallon Organizations: AUCKLAND, United States, Socceroos, FIFA, New Zealand, Reuters, Australian, University of Portsmouth, Football Association, Thomson Locations: Australia, New Zealand, Canada, Jamaica, Qatar, Brazilian, Norway, New, Auckland
Tucker Carlson and Mike Pence clashed over US support of Ukraine. "I sincerely wonder how a Christian leader could support the arrest of Christians for having different views," Carlson said. Pence appeared on the back foot during the exchange, allowing Carlson to sway the conversation toward his own narrative on Ukraine. The former vice president has gone against other GOP presidential candidates, including Ron DeSantis and Donald Trump, by disagreeing that the US should scale back its involvement in the war. Ron DeSantis, South Carolina's Sen. Tim Scott, former Vice President Mike Pence, former UN ambassador Nikki Haley, former Arkansas Gov.
Persons: Tucker Carlson, Mike Pence, Carlson, Pence, who've, Carlson's, Pence's, Ron DeSantis, Donald Trump, Bob Vander Plaats, South Carolina's Sen, Tim Scott, Nikki Haley, Asa Hutchinson, Vivek Ramaswamy Organizations: Service, Fox News, GOP, Ukrainian, Florida Gov, Arkansas Gov, Republican Locations: Ukraine, Wall, Silicon, Iowa, Kyiv, Russia, United States, America, Ukrainian, Des Moines , Iowa, South, Arkansas
An expert said trans kids need what all young people need: "to feel included and part of a family." The following afternoon, Flower and Jennilyn Nichols would see a doctor at the University of Chicago to learn whether they could keep Flower, 11, on puberty blockers. At least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Flower Nichols hugs her mom, Jennilyn Nichols, as they watch the Pride Parade, Saturday, June 10, 2023, in Indianapolis. Flower Nichols, middle, watches the Pride Parade with her parents Kris and Jennilyn Nichols, Saturday, June 10, 2023, in Indianapolis.
Persons: Flower Nichols, Jennilyn Nichols, Eric Holcomb, Darron Cummings Jennilyn Nichols, Nichols, Parker, Kris, Darron Cummings, Robert Marx, Marx, Krisztina Inskeep, Inskeep, Indiana University's Riley, Flower, Jennilyn, , Teresa Crawford, She's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Indiana, Service, University of Chicago, Republican Gov, AP, of Science, Industry, Republican, San José State University, Indiana University's Riley Children's Hospital, Hoosier, Red, Indiana Statehouse, Scout, Chicago's Museum of Science and, Associated Press, America Statehouse News Initiative, America Locations: Indianapolis, Chicago, Wall, Silicon, Indiana, Indiana , Mississippi, babysit, brightened, Chicago's, Jackson
CNN —After hinting at a possible retirement following a postseason loss in May, NBA superstar LeBron James has announced he will be returning for another year of play – his 21st NBA season. “I don’t care how many more points I score or what I can or can’t do on the floor,” James said. James has repeatedly said he hoped to one day play in the NBA alongside his oldest son, Bronny James, who is committed to play college basketball at the University of Southern California. James would be eligible to enter the NBA Draft in 2024, the year his father turns 40. A lot left.”The 38-year-old received the ESPY’s Best Record-Breaking Performance award for surpassing Kareem Abdul-Jabbar last season to become the NBA scoring leader.
Persons: LeBron James, , ” James, James, Bronny James, Kareem Abdul, Jabbar Organizations: CNN, NBA, Dolby Theater, Lakers, Denver Nuggets, University of Southern Locations: Los Angeles, University of Southern California
What Zelensky wanted from NATO – and what he got
  + stars: | 2023-07-13 | by ( Christian Edwards | ) edition.cnn.com   time to read: +9 min
CNN —At last year’s NATO summit in Madrid, the alliance formally invited Sweden and Finland to join its ranks. But NATO membership is far more significant than military hardware, and it may be some time before Kyiv’s final wish is granted. “This means that a window of opportunity is being left to bargain Ukraine’s membership in NATO in negotiations with Russia. However, the ultimate goal of NATO membership looks likely to elude Zelensky for some time. Wallace reminded reporters Wednesday that before the summit the question of Ukraine’s NATO membership was still an “if.” Now, it’s a “when.”
Persons: Volodymyr Zelensky, Zelensky, Vladimir Putin, Zaporizhzhia –, Putin’s, ” Zelensky, Pavel Golovkin, Joe Biden, CNN’s Fareed Zakaria, Biden, ” “ We’re, We’re, , Ben Wallace, Wallace, ” Biden, Andrew Caballero, Reynolds, Dmytro Kuleba, , Jens Stoltenberg Organizations: CNN, NATO, Kyiv, Ukraine, Sweden’s, AP, Sunday, UK, Getty, Foreign, Twitter Locations: Madrid, Sweden, Finland, Vilnius, Luhansk, Donetsk, Kherson, Zaporizhzhia, Ukraine, Vilnius ’, Lithuania’s, United States, Russia, NATO, Zelensky, AFP, Kyiv, Vilnius –, Germany, France
REUTERS/Ralph OrlowskiSummaryCompanies U.S. CPI data for June shows inflation slowdownWall Street stocks gainDollar, Treasury yields dropOil and gold gainJuly 12 (Reuters) - Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.865%, down 11.9 basis points . Wall Street banks overall are expected to report higher profits as rising interest payments offset a downturn in deal making.
Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Will Dunham, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, CPI, Bank of England, U.S, Sit Investment, Fed, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Wednesday, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Wednesday ., Boston, London, Singapore, Carolina, New York
[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.853%, down 12.9 basis points . EARNINGS AHEADOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.
Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, dealmaking, Boston, London, Singapore, Carolina, New York
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