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☆ ‘Saltburn’ director Emerald Fennell explores the dark side of the British ruling class
▼ + stars: | 2023-11-17 | by ( Thomas Page | ) edition.cnn.com time to read: +7 min

CNN —Emerald Fennell knew exactly what she was doing, dressing Jacob Elordi like that. Nice try.’”Jacob Elordi as the upper class Felix Catton in "Saltburn." “Saltburn” is a film in the British country house gothic tradition, complete with snobbish butler, black-tie dinners, calcified ways and repressed emotions. Alison Oliver as Venetia Catton, Jacob Elordi as her brother Felix, and Barry Keoghan as Oliver Quick in "Saltburn." Emerald Fennell directs Barry Keoghan and Jacob Elordi on location for "Saltburn."

Persons: Emerald Fennell, Jacob Elordi, Elordi, Elvis Presley, Sofia Coppola’s “ Priscilla, ”, “, Felix, I’ve, ” Fennell, Jacob, ‘, Nice, ’ ” Jacob Elordi, Felix Catton, Fennell, Part Dickie, Ripley, Sebastian, Oliver –, Barry Keoghan –, “ Rebecca, ” “ Jude the, Alison Oliver, Venetia Catton, Barry Keoghan, Oliver Quick, Chiabella James, Oliver, Felix’s, Richard E, Grant’s, Sir James, Rosamund Pike’s, Elspeth, There’s, Venetia, Farleigh, “ Barry, hasn’t, she’s, “ I’m, isn’t, Woman’s, there’s Organizations: CNN, “, Oxford University, Oxford Locations: “, Australian, British, wardrobes

Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, New Jersey, U.S., June 14, 2022. By September and October, gasoline stocks were increasing rather than falling as is normal at this point in the year. Gasoline margins fell by three-fourths to an average of less than $10 per barrel in October, among the lowest for a decade. In the meantime, the lower intake added to crude inventories and accelerated the pullback in crude prices and calendar spreads. Related columns:- U.S. oil prices slide as stocks accumulate at Cushing (November 16, 2023)- Oil traders turn bearish, daring OPEC⁺ to cut again (November 14, 2023)- Oil prices slump as fundamentals reassert themselves (November 9, 2023)John Kemp is a Reuters market analyst.

Persons: Mike Segar, Cushing, John Kemp, David Evans Organizations: Exxon, REUTERS, U.S . Commodity Futures Trading Commission, Thomson, Reuters Locations: Edgewater , New Jersey, U.S, Cushing

☆ British author A.S. Byatt, who won Booker prize for 'Possession' dies aged 87
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

The Man Booker Prize shortlisted authors Adam Foulds (L), Hilary Mantel (2nd L), A S Byatt (2nd R) and Simon Mawer pose for photographers in London October 5, 2009. REUTERS/Toby Melville/File photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Booker-prize winning British novelist Antonia Susan Byatt, known most commonly as A.S. Byatt, has died aged 87, her publisher said in a statement on Friday. Byatt, whose career spanned nearly 60 years, was best known for her 1990 novel "Possession: A Romance". Seven years later came her breakthrough with Possession, which became a bestseller and won the coveted Booker Prize for Fiction the same year. Byatt won a number of awards and titles including a CBE (Commander of the British Empire) and DBE (Dame of the British Empire).

Persons: Booker, Adam Foulds, Hilary, Simon Mawer, Toby Melville, Antonia Susan Byatt, Byatt, Margaret Drabble, Antonia, Charles, Gwyneth Paltrow, Harry Potter, JK Rowling, Mike Collett, White, Kylie MacLellan, Gareth Jones Organizations: REUTERS, Chatto & Windus, Penguin Random, Quaker, Cambridge, Oxford, Thomson Locations: London, British, English, Sheffield, York

☆ After ‘Saltburn,’ Watch These Five Country House Movies
▼ + stars: | 2023-11-17 | by ( Juan A. Ramírez | ) www.nytimes.com time to read: +1 min

If “Promising Young Woman” was Emerald Fennell’s darkly comic take on the rape-revenge thriller — one that rode a zeitgeisty wave of discourse onto a best original screenplay Oscar in 2021 — “Saltburn” is the writer-director’s entry in the country house canon. The film (in theaters) is the latest in a subgenre ripe for dramatic tension: upstairs versus downstairs; invited versus interloped; public versus private. In “Saltburn,” Oliver Quick (Barry Keoghan), a shy Oxford student, accepts an invitation to spend the summer at the family estate of a wealthy classmate, Felix Catton (Jacob Elordi). While there, Oliver’s adoration for the charming aristocrat reveals itself to be much more than an innocent infatuation. Here are five other films where summering at a country house leads to significant power imbalances and lifelong consequences.

Persons: ”, Oscar, Saltburn, ” Oliver Quick, Barry Keoghan, Felix Catton, Jacob Elordi, Ripley ” Organizations: Oxford Locations: revel

From a health perspective, people in places like the U.S., Canada and Europe eat far more meat, especially red meat and processed meat, than recommended. There’s no question that cutting back on meat consumption could have real and lasting effects. Meat consumption is “orders of magnitude higher” in the U.S. than in low-income countries, and meals are often centered around it. Despite those hurdles, certain interventions can cut meat consumption, research shows. Interventions described as “nudges,” or small choices aimed at influencing behavior, appear to be among the most effective at cutting meat consumption.

Persons: — Preston Cabral, Eugenio Maria De Hostos, Vegans, Keren, Martin Bloem, he’s, Julia Wolfson, “, ” Wolfson, Ricardo Morales, ” Organizations: The Associated Press, NORC, for Public Affairs Research, United, Food and Agricultural Organization, United Nations, Food and Agriculture Association of, University of Oxford, Johns Hopkins Bloomberg School of Public Health, Johns Hopkins University ., Stanford University, of Public Health, AP, Preston Cabral’s, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: I.S, United Kingdom, U.S, Canada, Europe, Netherlands, Haarlem, Amsterdam

☆ Ruzwana Bashir Is Quietly Connecting the Tech World
▼ + stars: | 2023-11-16 | by ( ) www.businessinsider.com time to read: +18 min

Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."

Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, —, doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap

☆ US weekly jobless claims at three-month high; import prices tumble
▼ + stars: | 2023-11-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Job growth slowed in October and the unemployment rate climbed to 3.9%, the highest level since January 2022. Import prices dropped 0.8% last month after rising 0.4% in September. Economists had forecast import prices, which exclude tariffs, falling 0.3%. In the 12 months through October, import prices declined 2.0% after decreasing 1.5% in September. Excluding fuels and food, import prices dropped 0.2% after dipping 0.1% in September.

Persons: Andrew Kelly, Nancy Vanden Houten, Unadjusted, Goldman Sachs, Lou Crandall, Wrightson, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor Department, Oxford Economics, Reuters, Goldman, Treasury, Fed, Reuters Graphics, Labor Department's Bureau of Labor Statistics, Consumer, Thomson Locations: Manhattan , New York City , New York, U.S, WASHINGTON, New York, Massachusetts, Oregon, Georgia, United States, China

More Americans filed for jobless claims last week and while the labor market remains broadly healthy, there have are growing signs that it may finally be cooling. Applications for unemployment benefits rose by 13,000 to 231,000 for the week ending Nov. 11, the Labor Department reported Thursday. Jobless claim applications are seen as representative of the number of layoffs in a given week. The Federal Reserve has been tapping the brakes on the economy and the labor market for nearly two years, trying to stem what was the highest inflation in four decades. It was the sixth straight week that continuing claims rose.

Persons: ”, Rubeela Farooqi, Nancy Vanden Houten, Jerome Powell Organizations: Labor Department, Federal Reserve, Fed, “, Oxford Economics, ”

☆ The creator economy is a $250 billion industry and it's here to stay
▼ + stars: | 2023-11-16 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +5 min

The "creator economy" encompasses a large business ecosystem built around social-media stars. Goldman Sachs estimated this year that the creator economy could be a $480 billion industry by 2027. AdvertisementThe "creator economy" emerged with the rise of social-media stars like YouTubers and Instagram influencers, and describes the entire business ecosystem that has grown around them. AdvertisementEarlier this year, Goldman Sachs analysts estimated that the creator economy was a $250 billion industry , and could reach $480 billion by 2027. AI comes to the creator economyThe latest innovation driving the creator economy forward is artificial intelligence.

Persons: Goldman Sachs, —, Instagram, Taylor Lorenz, influencers, There's, Shannae Ingleton Smith, Selena, MrBeast, Forbes, Carmen Sognonvi Organizations: Service, YouTube, Intelligence, Grey Agency, Oxford Economics, Netflix

☆ It's a small world with a big impact: Disney generated over $40 billion for Florida in fiscal year 2022
▼ + stars: | 2023-11-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Disney experiences brought in $40.3 billion in economic activity in Florida in fiscal year 2022. Disney economic activity is keeping unemployment low and tax revenue high. That study looks at the total impact of Disney experiences in Florida, which includes the Walt Disney World Resort , Disney Vacation Club, and Disney Cruise Line. In essence, about one out of every 36 dollars spent in Florida directly or indirectly came from a Florida Disney experience. AdvertisementIn total, according to the report, Disney generated $6.6 billion in taxes in fiscal year 2022.

Persons: —, it's, Adam Sacks, Ron DeSantis Organizations: Disney, Oxford Economics, Service, Walt Disney World, Disney Vacation, Disney Cruise, Oxford, Oxford Economics's Tourism, Florida Disney, Central, Bureau of Labor Statistics, Walt Disney Locations: Florida, Oxford Economics's, Central Florida, California, Walt

☆ ‘Saltburn’ Review: A Promising Young Man Takes a Seedy Turn
▼ + stars: | 2023-11-16 | by ( Wesley Morris | More About Wesley Morris | ) www.nytimes.com time to read: +3 min

It’s too desperate, too confused, too pleased with its petty shocks to rile anything you’d recognize as genuine excitement. This thing was written and directed by Emerald Fennell, whose previous movie was “Promising Young Woman,” a horror flick about rape that was also a revenge comedy. These two meet, in earnest, when Oliver loans Felix his bike, a moment Oliver’s been waiting for. When Oliver tells Felix his father’s just died, Felix extends his Saltburn invitation out of sincere compassion. He’s the one nonwhite major character in “Saltburn,” a fact the movie considers doing something intriguing with but abandons.

Persons: “, you’ll, It’s, Emerald Fennell, Fennell’s, Hitchcock, Patricia Highsmith, Oliver Quick he’s, We’re, Oxford — bookish Oliver, Barry Keoghan, rakish Felix, Jacob Elordi, —, Bernard, Oliver, Felix, — John Hughes, Fennell, father’s, Felix’s, Elspeth, Rosamund Pike, Alison Oliver, Archie Madekwe, Felix who’s, Farleigh Organizations: Oxford, HBO Locations: Saltburn

☆ Benko's Signa unit seeks $2.2 bln funding amid property crisis - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Peter Nicholls Acquire Licensing RightsNov 15 (Reuters) - Property tycoon Rene Benko-founded Signa Group's Prime unit has approached investors to seek up to 2 billion euros ($2.17 billion) in funding, Bloomberg News reported on Wednesday, citing people familiar with the matter. Signa Prime, which co-owns the Selfridges department store in London, requires 500 million euros to meet obligations this year alone and will need another 1.5 billion euros of cash in the first half of 2024, the report said. Some of the investors have turned down the request, while others are still in the early stages of assessing it, according to Bloomberg News. Thailand's largest department store owner, Central Group, on Tuesday took control of Selfridges department stores after the real estate company brought it in a deal worth $5 billion in 2021. The funding request comes as Signa faces a property crisis in Europe exacerbated by a sharp rise in rates and building costs.

Persons: Peter Nicholls, Rene Benko, Signa, Arndt Geiwitz, Angela Christy M, Devika Organizations: REUTERS, Bloomberg, Bloomberg News, Central, Thomson Locations: Oxford, London, Britain, Austria, Europe

☆ The Elusive Soft Landing Is Coming Into View
▼ + stars: | 2023-11-15 | by ( David Harrison | Jeffrey Sparshott | ) www.wsj.com time to read: 1 min

Over the three months through October, U.S. employers added an average of 204,000 jobs a month, a marked slowdown from earlier in the postpandemic period. Photo: Justin Sullivan/Getty ImagesThe U.S. economy is approaching what most economists had thought either unlikely or impossible: inflation returning to its prepandemic norm without a recession or even much economic weakness, a so-called soft landing. “What we are expecting now is a soft landing,” said Nancy Vanden Houten , lead U.S. economist at Oxford Economics. “We expect the economy to weaken quite a bit but it does look like we’ll avoid an outright contraction” in gross domestic product.

Persons: Justin Sullivan, ”, Nancy Vanden Houten Organizations: Oxford Economics

REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Nov 15 (Reuters) - European firms "urgently" need China to give clearer definitions of key terms in its cross-border data transfer rules, a European business lobby group said on Wednesday, warning that firms also stood to waste millions of euros storing non-sensitive data in China. The world's second-largest economy has in recent years tightened its data laws amid President Xi Jinping's increased focus on national security, and foreign firms fear their lack of clarity could trip them up. The chamber's report echoes recent comments from a European Commission official, who said in September that European businesses were especially concerned about a lack of clarity in China's data laws. The most common type of data European firms transfer abroad is employee's personal information followed by suppliers' and customers' personal information, the survey showed, 96% of which is sent to companies' headquarters and other regional offices. A third of companies indicated it would cost them "several million euros" to store their data in China if they failed the cross-border transfer security assessment now required by CAC.

Persons: Jason Lee, Xi Jinping's, Brenda Goh, Kim Coghill Organizations: REUTERS, Rights, Chamber of Commerce, European Commission, Government, CAC, Thomson Locations: China, EU, Beijing, Rights BEIJING

☆ Australia wages see record rise in Q3, unlikely to be repeated
▼ + stars: | 2023-11-15 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

REUTERS/Loren Elliott/File Photo Acquire Licensing RightsSYDNEY, Nov 15 (Reuters) - Australian wages posted the largest increase on record last quarter as a sharp rise in minimum wages benefited millions of workers, while intense competition among employers pushed up many individual pay deals. Annual pay growth picked up to 4.0%, from 3.6%, the fastest since early 2009 and just above market expectations of 3.9%. "Q3 was a perfect storm for wage pressures," said Sean Langcake, head of macroeconomic forecasting for Oxford Economics Australia. Much of the spike was due to a mandated 5.75% rise in the minimum wage which covers more than two million workers. Wage growth in the public sector accelerated to a 12-year high of 3.5%, while the private sector saw growth of 4.2% as firms fought to recruit and retain workers.

Persons: Loren Elliott, Sean Langcake, Wayne Cole, Tom Hogue, Sam Holmes Organizations: REUTERS, Rights, Australian Bureau, Statistics, Reserve Bank of Australia, Analysts, Oxford Economics Australia, Thomson Locations: Sydney, Australia

☆ Emerald Fennell: Second film 'Saltburn' 'sticky, not easily explained'
▼ + stars: | 2023-11-15 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

LONDON, Nov 15 (Reuters) - Writer, director and actor Emerald Fennell follows up her Oscar-winning feature debut "Promising Young Woman" with a starry satirical thriller, "Saltburn". Oliver's status and confidence are given a boost when Felix invites him to spend the summer at Saltburn, his family's sprawling countryside estate. "Promising Young Woman", which earned Fennell a best original screenplay Oscar, came out in 2020 and its release during the COVID pandemic helped ease some of the sophomore film pressure, Fennell said. Fennell, whose acting credits include "Barbie" and "The Crown", said she spent years writing the script in her head, revisiting the characters and the locations. The star of her debut film, Carey Mulligan, also makes an appearance in "Saltburn", alongside Rosamund Pike and Richard E. Grant, who play Felix's parents.

Persons: Emerald Fennell, Oscar, Oliver Quick, Barry Keoghan, Felix, Jacob Elordi, Oliver, Fennell, " Fennell, Carey Mulligan, Rosamund Pike, Richard E, Grant, Carey, Pamela, Hanna Rantala, Richard Chang Organizations: Oxford University, Oxford, Thomson Locations: Saltburn

☆ U.S. and China vie for dominance in new 'a la carte' world order, survey finds
▼ + stars: | 2023-11-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Pluralities of global citizens believe the West is in demise — with U.S. democracy and the European Union at risk of collapse within the next 20 years. They also find that increased economic ties with China are growing more appealing, according to polling of adults across 11 European countries and 10 non-European ones. For many, the conflict is considered a "proxy war" between the U.S. and Russia, with majorities in Russia, China, Saudi Arabia, and Turkey saying the two Cold War powers are "already at war." Almost half of respondents in the country say they feel pessimistic about the future of the U.S. This compares with majorities of nationals in India, Indonesia, China and Russia, who are optimistic about their countries.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Xi, thinktank, Mark Leonard Organizations: Economic Cooperation, Afp, Getty, U.S, European Council, Foreign Relations, Oxford University, European Union Locations: Asia, San Francisco, China, Russia, Ukraine, Europe, U.S, Moscow, Saudi Arabia, Turkey, India, Indonesia

The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — dropped 0.5% in October from September, the first decline since May and biggest since April 2020. On a year-over-year basis, producer prices rose 1.3% from October 2022, down from 2.2% in September and the smallest gain since July. The year-over-year gain in core producer prices was the smallest since January 2021. The wholesale price of goods fell 1.4% from September to October, pulled down by a 15.3% drop in the price of gasoline. Year-over-year wholesale inflation, for instance, has dropped since hitting 11.7% in March 2022.

Persons: —, Matthew Martin Organizations: WASHINGTON, —, Labor Department, Oxford Economics, CPI Locations: U.S

☆ U.S. renewable, grid battery projects battle transformer shortage
▼ + stars: | 2023-11-15 | by ( Nicole Jao | ) www.reuters.com time to read: +5 min

LONGER LEAD TIMESLarge-scale battery projects to store energy on grids and to smooth out the variance of wind and solar power are also seeing longer lead times. They are taking around 12 to 18 months to complete, around six months longer than they would take without the supply issues, said Andrew Waranch, chief executive of battery energy storage system developer Spearmint Energy. Utility AES Corp (AES.N) has stockpiled supplies of the equipment it needs to build battery storage projects through 2025, a company spokesperson said. A shortage of raw materials that has contributed to transformer supply delays is unlikely to ease soon, manufacturers said. The supply-demand dislocation has worsened with the rapid scale-up of wind, solar and storage projects.

Persons: Nick Oxford, Vanessa Witte, Wood Mackenzie, Ben Pratt, Pratt, we've, Reagan Farr, Farr, Andrew Waranch, Waranch, Marco Terruzzin, Doug Banty, Banty, John Darby, Nicole Jao, Simon Webb, Nick Zieminski Organizations: REUTERS, AES, Nova Clean Energy, Silicon, Spearmint Energy, Developers, American Clean Power Association, U.S . Energy Information Administration, AES Corp, MGM, Niagara, Thomson Locations: Big Spring , Texas, U.S, Chicago, Swiss, China, California, Russia, Ukraine, New York

☆ Can Trump and Biden Bring Down the Two-Party System?
▼ + stars: | 2023-11-14 | by ( Gerard Baker | ) www.wsj.com time to read: +1 min

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The Wall Street Journal each Tuesday. Mr. Baker previously served as Editor in Chief of The Wall Street Journal and Dow Jones from 2013-2018. Prior to that, Mr. Baker was Deputy Editor in Chief of The Wall Street Journal from 2009-2013. He was educated at Corpus Christi College, Oxford University, where he graduated in 1983 with a 1st Class Honors Degree in Philosophy, Politics and Economics.

Persons: Gerry Baker, ”, Baker, Dow Jones Organizations: Street, Fox Business Network, Street Journal, Dow, Financial Times, The, BBC, Corpus Christi College, Oxford University Locations: London

☆ Europe’s shrinking stash heralds economic trouble
▼ + stars: | 2023-11-14 | by ( Francesco Guerrera | ) www.reuters.com time to read: +7 min

But the interest they earned on their assets increased from 16 billion euros to 66 billion euros in the same period. As a result, euro zone firms’ net interest was negative 19 billion euros in the second quarter of 2023. These financial gains may have helped euro zone growth. A further 700 billion euros matures in 2026. Homeowners with mortgages, which account for around 27% of euro zone households, are yet to feel the brunt of higher rates.

Persons: That’s, Mathieu Savary, Gross, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, European Central Bank, Reuters Graphics Reuters, ECB, BCA Research, Oxford Economics, International Monetary Fund, Oxford, IMF, Thomson Locations: Oxford, Spain, Italy, France, Germany, United States, China

Hedge funds and other money managers sold the equivalent of 57 million barrels in the six most important futures and options contracts over the seven days ending on Nov. 7. Fund managers have been sellers in five of the most recent six weeks reducing their combined position by a total of 331 million barrels since Sept. 19. The combined position was reduced to just 349 million barrels (13th percentile for all weeks since 2013) from a high of 680 million barrels (64th percentile) six weeks earlier. Bearish short positions in the premier NYMEX WTI contract were boosted to 96 million barrels on Nov. 7 from just 20 million at the start of October. Related columns:- Oil prices slump as fundamentals reassert themselves (November 9, 2023)- Investors dump crude oil and distillates as Mideast risk recedes (November 6, 2023)- Crude oil sees fresh short sales as interest rates rise (October 30, 2023)- Investors dumped oil among fastest rates in last decade (October 16, 2023)- Oil investors turn cautious away from Cushing squeeze (October 2, 2023)John Kemp is a Reuters market analyst.

Persons: Henry Romero, Brent, Cushing, John Kemp, David Evans Organizations: REUTERS, OPEC, ICE, U.S, Thomson, Reuters Locations: Gulf of Mexico, Veracruz, Mexico, Saudi Arabia, Chartbook, WTI, NYMEX, Cushing, Oklahoma, Russia

ORLANDO, Fla. (AP) — Disney on Tuesday released a study showing its economic impact in Florida at $40.3 billion as it battles Florida Gov. Disney accounted for 263,000 jobs in Florida, more than three times the actual workforce at Walt Disney World, according to the study conducted by Oxford Economics and commissioned by Disney, covering fiscal year 2022. The jobs include Disney employees as well as jobs supported by visitor spending off Disney World property. In central Florida, Disney directly accounts for 1 in 8 jobs, and for every direct job at Disney World, another 1.7 jobs are supported across Florida, Oxford Economics said. Before control of the district changed hands from Disney allies to DeSantis appointees, the Disney supporters on its board signed agreements with Disney shifting control over design and construction at Disney World to the company.

Persons: Disney, Ron DeSantis, DeSantis, “, Mike Schneider Organizations: Florida Gov, Disney, Walt Disney, Oxford Economics, Sunshine State, Central, Florida Legislature Locations: ORLANDO, Fla, Florida, Disney, Oxford, DeSantis, Southern California, Orlando , Florida, Central Florida, Orlando, Tallahassee

☆ Asset manager GMO's first ETF will focus on 'quality' companies
▼ + stars: | 2023-11-13 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

REUTERS/Nicholas Roberts/File Photo Acquire Licensing RightsNov 13 (Reuters) - GMO LLC, the asset management firm co-founded by veteran investor Jeremy Grantham, will launch its first exchange-traded fund (ETF) on Wednesday. Holdings in GMO's quality stock-focused mutual funds include companies like Microsoft (MSFT.O), Johnson & Johnson (JNJ.N) and Apple (AAPL.O). About 22% of all inflows into ETFs this year have been to active ETFs, which represent only 7% of total ETF assets, according to Todd Sohn, an ETF analyst at Strategas. The fund will be managed by Tom Hancock, who has been running a $7.9 billion mutual fund with a similar focus, the GMO Quality III , since 2009. The GMO launch is the second steered to market by the Goldman Sachs ETF Accelerator, which offers asset managers consulting advice on each stage of the launch process.

Persons: Jeremy Grantham, Nicholas Roberts, Johnson, Todd Sohn, Tom Hancock, Goldman Sachs, Hancock, Suzanne McGee, Ira Iosebashvili, Lisa Shumaker Organizations: Pace University, REUTERS, Quality, Holdings, Microsoft, Apple, CFRA Research, Goldman, Thomson Locations: Oxford, New York

But the major railroads hauled slightly fewer containers than a year ago and 11% fewer containers than four years earlier. The strong growth in manufacturing activity between the middle of 2020 and middle of 2022 was a rebound following the disruption caused by the first wave of the coronavirus pandemic and associated lockdowns. Since then spending has rotated back towards services and there has been little if any expansion in the manufacturing sector. Chartbook: U.S. manufacturing activityLack of growth is evident in industrial energy consumption. Three-quarters of all distillate fuel oils such as diesel are consumed in freight and manufacturing, according to data from the Energy Information Administration.

Persons: Andrew Kelly, Jobs, John Kemp, Jonathan Oatis Organizations: REUTERS, Federal Reserve, Bureau of Labor Statistics, Energy Information Administration, Thomson, Reuters Locations: IceStone, New York City , New York, U.S, Europe, China, doldrums

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