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Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer/File Photo Acquire Licensing RightsSept 6 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Oil is back in the spotlight after Russia and Saudi Arabia on Tuesday extended output cuts. Oil prices have essentially been disinflationary all year, meaning the year-on-year price change has always been negative, sometimes dramatically so. With the dollar, bond yields and oil prices all marching higher, it is little wonder investors are drawing in their horns.

Persons: Stringer, Jamie McGeever, Brent, Japan's Hajime Takata, Josie Kao Organizations: REUTERS, Reserve Bank of Australia, U.S ., Asia, Bank, Japan's, Thomson, Reuters Locations: Heilongjiang province, China, Asia, Taiwan, Russia, Saudi Arabia, Japan, Australia

☆ Typhoon Haikui prompts Taiwan to evacuate thousands, cancel flights
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

[1/4] A lifesaver keeps watch next to a red flag designating the prohibition of swimming as Typhoon Haikui approaches the region, at Sunset Beach in Chatan, Okinawa prefecture, Japan September 1, 2023. Haikui is forecast to make landfall in the mountainous and sparsely populated far southeast of Taiwan late Sunday afternoon. Counties and cities in the east and south cancelled classes and declared a day off for workers. Haikui is expected to be only a Category 1 or 2 typhoon when it hits Taiwan, according to Tropical Storm Risk. After passing across southern Taiwan, Haikui is forecast to cross the Taiwan Strait into China.

Persons: Haikui, Issei Kato, Tsai Ing, Ben Blanchard, Jonathan Oatis, Edwina Gibbs Organizations: REUTERS, Rights, UNI Air, Mandarin Airlines, Sunday, Civil Aeronautics Administration, Thomson Locations: Sunset, Chatan, Okinawa prefecture, Japan, Rights TAIPEI, Taiwan, Haikui, Hong Kong, Chinese, Guangdong, Taiwan Strait, China

But after the destruction of a major dam just downriver, that shimmering lake, one of Europe’s biggest, simply disappeared. For 60-plus years, the Bezhan family ran a fishing business on these shores. They bought boats, nets, freezers and enormous rumbling ice-making machines, and generation after generation made a living off the fish. But now there are no fish. Then it would take another 10 years for the fish to grow — for some species, 20.”

Persons: ”, Serhii Bezhan Locations: Ukraine

☆ Staking the Future on a Stretch of Sidewalk in Brooklyn
▼ + stars: | 2023-09-01 | by ( Susan Hartman | Todd Heisler | ) www.nytimes.com time to read: 1 min

On a recent Sunday, Oliver Hernandez jumped out of the van driven by his partner. The mom-and-pop shops along Fifth Avenue in Sunset Park, Brooklyn, were shuttered. A few folding tables were chained to street signs. A chair was tucked behind a gate. “Most vendors come at 8.”From the back of the van, he started pulling out buckets of flowers, then his backpack, a chair, a table, a canopy and pots of palm trees.

Persons: Oliver Hernandez, Mr, Hernandez Locations: Sunset Park , Brooklyn

☆ This regional airline can rally more than 30% as pilot hiring trends improve, Raymond James says
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

SkyWest shares can continue their ascent as pilot hiring becomes less challenging, Raymond James said. Analyst Savanthi Syth upgraded the regional airline to outperform from market perform with a price target at $55. SKYW YTD mountain SkyWest, year to date Pilot attrition trends have been improving for the Utah-based airline since the first quarter of this year. That can further help mitigate the challenge of finding enough captains as target levels are reset in the next 12 to 18 months, she added. However, the airline could see upside as captain levels improve, the chart business expands or from market share gains tied to operational performance.

Persons: Raymond James, Savanthi Syth, Syth, SkyWest, — CNBC's Michael Bloom Locations: Wednesday's, Utah

☆ McConnell’s frozen moment renews questions about America’s aged leaders
▼ + stars: | 2023-08-31 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Also in the Senate, California’s Dianne Feinstein, 90, has been ill and displayed apparent cognitive decline in public in recent months. But given that Biden, McConnell and Feinstein are public officials, voters are entitled to a high level of transparency. Biden, for instance, would be 86 by the time his second term ends, which represents his biggest vulnerability in the 2024 election. Remarkably, in an age where major questions divide on party lines, 69% of Democrats shared that view. Should Biden, if he wins a second term, experience a similar moment to McConnell, questions about the continuity of US leadership would reverberate around the world and offer openings for US adversaries.

Persons: Mitch, “, Joe Biden, Donald Trump, California’s Dianne Feinstein, Feinstein, –, Strom Thurmond, Robert Byrd of, Biden, McConnell, Jonathan Reiner, CNN’s Erica Hill, ”, Reiner, Trump, Karine Jean, Pierre, CNN’s Jake Tapper, Tapper, Jean, Nikki Haley, – Trump, Haley, Kamala Harris, Harris, ” Haley, Nancy Pelosi, Steny Hoyer, Ruth Bader Ginsburg, they’ve, Sen, Shelley Moore Capito, CNN’s Manu Raju, John Thune, McConnell “, Jim Banks, CNN’s Raju, Sprightly Iowa GOP Sen, Chuck Grassley, who’s Organizations: CNN, Kentucky Republican, Senate, George Washington University, United States Senate, Associated Press, White, White House, Former South Carolina Gov, GOP, Republicans, Biden, Fox News, Democratic, Supreme, Labor, West Virginia Republican, Republican, prudential, Indiana, Sprightly Iowa GOP, California Democrat, Capitol Locations: Kentucky, South Carolina, Robert Byrd of West Virginia, Rehoboth Beach , Delaware, Ukraine, Washington, Dakota, Sprightly Iowa, California, It’s

This was Day 1 of an eight-day voyage that Mr. Rivera and his brother Craig Rivera had embarked on to bring Geraldo’s boat from Hampton Bays, where he had spent an extended vacation with his wife and youngest daughter, to the suburbs of Cleveland, where they live. Mr. Rivera, who turned 80 on the Fourth of July, had found himself out of work for nearly the first time since the early 1970s when he emerged onto the journalism scene as a swashbuckling muckraker. In June, after 22 years at Fox News, he was demoted by the network (“humiliated” is how he put it), and so he quit. Mr. Rivera had enjoyed political relevance late into his career, thanks in part to a longstanding friendship with Donald Trump, dating back to the 1970s. As Mr. Rivera considered what his future might be, he wanted and maybe even needed an adventure.

Persons: Rivera, Craig Rivera, ”, Donald Trump, “ Organizations: Fox News, Fox Locations: Hampton Bays, Cleveland

A new accounting shows that at least 523 institutions were part of the sprawling network of boarding schools for Native American children. ‘War Against the Children’ The Native American boarding school system — a decades-long effort to assimilate Indigenous people before they ever reached adulthood — robbed children of their culture, family bonds and sometimes their lives. “The government was not done with war, so the next phase involved war against the children,” said Mr. Sherman, 83, a former aerospace engineer. Now 76, his voice grows shaky when he recounts the punishments children received — and how children were turned into punishers. Library of Congress, Chronicling AmericaA precise accounting of how many children died at Native American boarding schools remains elusive.

☆ In Hilary Leichter’s Multiverse, Your Dream Life Is Always on Deck
▼ + stars: | 2023-08-29 | by ( Lauren Christensen | ) www.nytimes.com time to read: +2 min

TERRACE STORY, by Hilary LeichterPriced out of their first home in an unnamed city, a young couple and their infant daughter, Rose, move into a smaller apartment. Structured as a collection of four linked stories, the book moves from Annie and Edward to another young couple, George and Lydia, who happens to be Rose’s daughter and is pregnant with her own. In the third section — the longest and most revelatory — Annie’s co-worker Stephanie is the focus of a grief-stricken origin story that deepens the novel’s supernatural fancies. The fourth section, set on an interstellar “suburb” as humanity migrates into outer space, brings Rose into contact with an “older woman” who is somehow Rose’s granddaughter. By contrast, Leichter announces her metaphysical conceit with a simple dinner party.

Persons: Hilary Leichter, Rose, Edward, Annie, Hilary Leichter’s, “, George, Lydia, — Annie’s, Stephanie, ”, Leichter, gorgeously Locations: Annie’s

☆ Hurricane Idalia: Florida’s Evacuation Orders by County
▼ + stars: | 2023-08-29 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +2 min

More than 20 counties in western and Central Florida have issued evacuation orders as Hurricane Idalia approaches, including parts of Tampa, the state’s third-largest city. Baker County, west of Jacksonville, issued a voluntary evacuation order for low-lying and flood-prone areas and for mobile homes. Dixie County, west of Gainesville, issued a mandatory evacuation order, urging residents to complete preparations by sunset on Tuesday. Gilchrist County, west of Gainesville, issued a voluntary evacuation order for all low-lying areas and mobile homes. Jefferson County, east of Tallahassee, ordered the voluntary evacuation of mobile homes, recreational vehicles and low-lying areas that are prone to floods.

Persons: Simmons, Joe Beach, Johnny Diaz, Claire Moses Locations: Central Florida, Tampa, Florida, Baker County, Jacksonville, Citrus County, U.S, Dixie County, Gainesville, Franklin County, Tallahassee, Gilchrist County, Gulf County, Panama City, Cape San Blas, Mexico, Simmons Bayou, Highland, Hernando County, Tuesday, Hillsborough County, Jefferson County

☆ Exxon says world set to fail 2°C global warming cap by 2050
▼ + stars: | 2023-08-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

The largest U.S. oil producer projects the world will reach 25 billion metric tons of energy related carbon dioxide (CO2) emissions in 2050, according to its energy outlook published on Monday. That is more than twice of the 11 billion metric tons the United Nations Intergovernmental Panel on Climate Change (IPCC) say would be needed on average in its Lower 2°C scenarios. Only two of the 55 technologies needed to reach net-zero emissions by 2050 are “on track,” Exxon said citing the IEA. Overall, Exxon projects energy-related CO2 emissions will peak at more than 34 billion metric tons sometime this decade as economies and energy demand grow, and then decline to 25 billion metric tons in 2050. It expects wind and solar to provide 11% of the world’s energy supply in 2050, five times today’s contribution.

Persons: Pascal Rossignol, Exxon, Sabrina Valle, Josie Kao Organizations: IPC Petroleum France, REUTERS, Companies Exxon, HOUSTON, Exxon Mobil Corp, United Nations, Exxon, International Energy Agency, Thomson Locations: Soudron, Reims, France, U.S

☆ IRS delays change for 401(k) catch-up contributions. Here's what higher earners need to know
▼ + stars: | 2023-08-28 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Terry Vine | Getty ImagesHigher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance. Currently, "catch-up contributions" allow savers 50 and older to funnel an extra $7,500 into 401(k) plans and other retirement plans beyond the $22,500 employee deferral limit for 2023. But the IRS on Friday announced a two-year delay for the change, meaning savers can still make pretax catch-up contributions through 2025, regardless of income. "The administrative transition period will help taxpayers transition smoothly to the new Roth catch-up requirement," the IRS said in a statement. Some 16% of eligible employees took advantage of catch-up contributions in 2022, according to a recent Vanguard report based on roughly 1,700 retirement plans.

Persons: Terry Vine, Roth, Dan Galli, Daniel J, Galli, Diann Howland Organizations: IRS, Galli & Associates, Associates, American, Council Locations: , Massachusetts

☆ I rented month-long Airbnb stays in 6 different cities before settling in San Diego. Doing a test run in each city made my decision easy.
▼ + stars: | 2023-08-27 | by ( Robin Madell | ) www.businessinsider.com time to read: +10 min

She tried living in six cities: Nashville, Austin, Chattanooga, Montreal, Toronto, and San Diego. I ended up renting month-long stays in Airbnbs in Nashville, Austin, Chattanooga, Montreal, Toronto, and San Diego. What it was like in San DiegoMy employer was hosting a company-wide event in San Diego, our US headquarters, the first week of January 2023. AdvertisementAdvertisementI planned to stay in San Diego after the event for my next Airbnb jaunt from January 9 to mid-February. I was always curious about San Diego and had heard that many Bostonians end up moving there and loving it.

Persons: Sophie London, Lewis, It's, I've, COVID, I'm, I'd, Taylor, NoogaNightlife.com, jaunt, pang, — Organizations: San Diego ., Service, Austin Nashville, Austin, Nashville, London, Toronto, Film, Chattanooga Locations: San Diego, Nashville, Austin, Chattanooga, Montreal, Toronto, Wall, Silicon, San Diego , California, Massachusetts, Boston, Airbnbs, Nashville , Austin, After London, Montreal In Montreal, London, Tennessee, Nicaragua, Diego, Balboa

☆ SpaceX launches Crew-7 mission, the company's 11th carrying astronauts
▼ + stars: | 2023-08-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

SpaceX's Falcon 9 rocket with the company's Crew Dragon spacecraft on top is seen after sunset at Launch Complex 39A ahead of the launch of the Crew-7 mission. SpaceX launched four people to the International Space Station from Florida as Elon Musk's company begins its 11th human spaceflight mission to date. Known as Crew-7, the mission for NASA will bring the group up to the space station for a six-month stay in orbit. The mission is SpaceX's sixth operational crew launch for NASA to date, and the first of the additional missions the agency awarded SpaceX. Crew-7 consists of NASA astronaut Jasmin Moghbeli as the commander, European Space Agency astronaut Andreas Mogensen from Denmark as the pilot, and Japan Aerospace Exploration Agency astronaut Satoshi Furukawa and Roscosmos cosmonaut Konstantin Borisov as mission specialists.

Persons: NASA's, Jasmin Moghbeli, Andreas Mogensen, Satoshi Furukawa, Konstantin Borisov Organizations: SpaceX, International, Elon, NASA, NASA's Kennedy Space Center, European Space Agency, Japan Aerospace Exploration Agency Locations: Florida, Denmark

To retire at 35 and live on investment income of $100,000 a year, you need at least $5.22 million invested. With an annual spending target of $65,000, you'll need about $3.25 million invested. How much you need invested to retire at 35According to Fry's calculations, an investor who leaves work at age 35 would need at least $5,225,000 in a taxable investment account on the day they retire in order to have an annual post-tax income of $100,000. If the investor reduces their target annual income to $65,000, they would need about $2 million less — or $3,250,000 — invested on the day they retire. Fry's simulation also did not factor in potential Social Security income.

Persons: Brian Fry, Fry, Read, Alyssa Powell, — Organizations: Service, Safe, JPMorgan, Social Security, Security, Social, Monte, Capital Locations: Wall, Silicon

☆ How to keep the next 'dash for cash' from crashing bond market - study
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Treasury trading nearly ground to a halt, imperiling the functioning of global financial markets, until the Fed jumped in to buy hundreds of billions of dollars of bonds that helped to free up space on dealer balance sheets. "Backstopping the liquidity of this market with transparent official-sector purchase programs will further buttress market resilience." Future bouts of Treasury market illiquidity could also be made less likely with broader use of central clearing, Duffie wrote, as well as changing the way regulators assess bank capital levels. Financial authorities made such a change temporarily after March 2020, but allowed the so-called Supplementary Leverage Ratio exemption to sunset a year later. Other changes could include technical changes to market function to encourage direct buying and selling without dealer intermediation, Duffie wrote.

Persons: JACKSON, Darrell Duffie, Duffie, intermediation, Ann Saphir, Chizu Organizations: Treasury, Federal Reserve, Stanford University, Kansas City, Fed, Thomson Locations: , Wyoming, Jackson Hole , Wyoming

☆ How to keep the next 'dash for cash' from crashing bond market
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

☆ We converted an old trailer into a retro treehouse. It's super popular with our Airbnb guests — see inside.
▼ + stars: | 2023-08-25 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +5 min

When we first started our Airbnb business in 2015, we began by renting out bungalows and smaller spaces. We noticed treehouse Airbnbs were popular and they are timeless, too. AdvertisementAdvertisementSo, we thought if we were going to have an Airbnb business, we needed to do something a bit more unique and different. The weave basket ceiling in the Young Wild and Tree treehouse. We have really big international dreams and we look forward to growing our unique Airbnb business further.

Persons: Patrice Maxam, Darrel Maxam, Darrel, let's, We're, Alyshia Organizations: Service, Young, Atlanta, Alyshia Hull, ahull Locations: countires, Belize, Wall, Silicon, Atlanta Georgia, New York, Atlanta, Young, Africa

☆ Judge Allows Missouri’s Ban on Youth Gender Medicine to Take Effect
▼ + stars: | 2023-08-25 | by ( Azeen Ghorayshi | More About Azeen Ghorayshi | ) www.nytimes.com time to read: +1 min

Under Missouri’s law, clinicians will not be allowed to treat any minor who is not already receiving gender transition care, which includes drugs that suppress puberty; hormone treatments with estrogen or testosterone; and, in rare cases, surgeries. The law will also affect transgender adults, as it bans Medicaid coverage of gender transition care for people of all ages in the state. Ms. Reed filed an affidavit about her experience in February and testified on Tuesday in favor of the ban. Chloe Cole, a 19-year-old who has frequently testified to state legislatures about regretting gender treatments she received as a younger teenager in California, also testified on behalf of the state of Missouri against the injunction. The plaintiffs in the legal challenge include three transgender minors who are seeking medical care to transition and will no longer be able to do so once the law is in effect.

Persons: Jamie Reed, Reed, Chloe Cole Organizations: Doctors, Williams Institute, School of Law Locations: California, Missouri

☆ These are the key tax policy issues to watch for during the first GOP presidential debate
▼ + stars: | 2023-08-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Scott Olson | Getty ImagesEight candidates will take the stage for the first Republican presidential debate on Wednesday night — and experts are watching closely for comments on key tax policy issues. "The 800-pound gorilla in the room is the Tax Cuts and Jobs Act and the expiration of all the individual income tax provisions slated after 2025," said John Buhl, senior communications manager at the Tax Policy Center. Enacted in 2017, former President Donald Trump's signature tax legislation ushered in sweeping changes to the tax code including lower income tax brackets, higher standard deductions and a significantly larger estate tax exclusion, among other provisions. Most Americans could see higher taxesOne of the closely-watched Tax Cuts and Jobs Act provisions is changes to the individual income tax brackets. "I don't think we're going to see a complete extension of everything in the Tax Cuts and Jobs Act," she said.

Persons: Scott Olson, John Buhl, Donald Trump's, Buhl, Erica York, There's Organizations: Getty, Tax, Center, Trump, Federal Tax

☆ Citadel is rebuilding a core tech platform to transform how the hedge fund uses data. 2 tech leaders take us inside the multi-year project.
▼ + stars: | 2023-08-22 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Citadel is completely rebuilding a new platform for all of the hedge fund's reference data. The platform is currently being rolled out and will let the fund move into new asset classes faster. Now, the migration to a new reference-data platform is underway. With the new solution, Citadel says, it will be able to move into new asset classes much faster. With the new platform, Citadel can respond when new asset classes come into the market.

Persons: Rituraj Deb Nath, Deb Nath, Robert Tan, Tan, It's, Goldman Sachs, There's Organizations: Citadel, Citadel Securities, Google, Bank of America

“The ground is already really dry — it doesn’t take much for the heat to kind of just build up over there,” said Paul Pastelok, a senior meteorologist at AccuWeather. “And that’s what makes it a bigger heat dome that we’re seeing right now.”In the Minneapolis area, better known for its foreboding winter conditions, forecasters said daily temperature records could fall on both Tuesday and Wednesday, with readings of 99 or 100 degrees possible. Meteorologists said high temperatures were forecast to reach up to 20 degrees above average throughout Iowa and neighboring states over the next few days. The humidity will make it feel even more oppressive, with heat indexes that could approach 120 degrees. Forecasters have issued heat alerts, ranging from advisories to excessive heat warnings, for roughly 100 million people across 22 states.

Persons: ”, Paul Pastelok, Tyler Hasenstein, Amy Heinz Organizations: National Weather Service Locations: Minneapolis, Minnesota, Iowa, Adel , Iowa

A person walks past the U.S. Capitol building at sunset as the Republican-controlled House of Representatives reconvenes on Capitol Hill in Washington, U.S., January 9, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsAug 21 (Reuters) - A significant minority of members of the U.S. House of Representatives on Monday said they opposed a federal bill that would overturn a California animal welfare law, arguing it infringes on states' rights. The members urged Thompson and Scott not to include the EATS Act in the upcoming farm bill, a package passed every five years that funds nutrition and farm support programs. A spokesperson for Thompson, who has previously expressed support for the EATS Act, declined to comment. The current farm bill expires Sept. 30, although Congress will likely need to pass a short-term extension due to delays drafting and negotiating the next bill.

Persons: reconvenes, Leah Millis, Thompson, David Scott, Democrat Earl Blumenauer, Scott, Leah Douglas, Conor Humphries, Mark Porter Organizations: U.S . Capitol, Republican, REUTERS, U.S . House, Representatives, Agriculture, Democrat, Pork Producers Council, Thomson Locations: Washington , U.S, California

☆ A Maui restaurant owner is 'praying visitors will start to come back soon'
▼ + stars: | 2023-08-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Local businesses on Maui say they're suffering as tourism falls following deadly wildfires. Coconut's Fish Cafe owner Michael Phillips told Insider that "Maui is in mourning" following the devastating wildfires that have killed at least 114 people and left thousands homeless. He said "tourists have to start coming back soon" before the local economy suffered long-term harm. The business owner said he'd already had to close one restaurant and make layoffs as it was losing $5,000 a day. "We ask that they shop at local small businesses and eat at local restaurants," she said.

Persons: Michael Phillips, Phillips, he'd, We've, YUKI IWAMURA, Tara Lee Murphy Organizations: Service, Getty, Panna, Aloha Locations: Maui, Wall, Silicon, Hawaii, Lahaina, AFP, Wailea

☆ The Post-Vacation Clarity
▼ + stars: | 2023-08-19 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +1 min

If you’re lucky, you might get out of your home and your head, take some time off and away. ), as I was recently, with that post-vacation clarity, whereby the excesses of one’s everyday life seem gaudy, nearly intolerable. A week spent living out of a suitcase and the concept of owning more than one sweatshirt seems silly. It’s not the stuff itself — having enough stuff is a privilege — but the complications that accompany the stuff. You spend time in a new environment, on a different schedule, maybe eating different things, trying on other ways of living.

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