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Last week, the Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid in order to hold further talks on the subject. NATO foreign ministers will meet in Brussels on those days, Nov. 28-29, a gathering that some in the Western defence bloc had hoped would mark Sweden's accession. The Turkish Foreign Ministry was not immediately available for comment. Both Sweden and Finland had requested to join NATO in May last year following Russia's invasion of Ukraine. While NATO member Hungary also has not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Tayyip Erdogan, Olaf Scholz, Liesa, Finland's, Erdogan, Ezgi Erkoyun, Leslie Adler Organizations: REUTERS, Rights, NATO, Turkish Foreign Ministry, Nordic, Kurdistan Workers, European Union, Thomson Locations: Berlin, Germany, Rights ANKARA, BRUSSELS, Turkey, Turkish, Brussels, Sweden, Finland, Ukraine, embargoes, United States, Stockholm, Hungary

☆ What the "Letter to America" backlash could mean for the first major "TikTok election"
▼ + stars: | 2023-11-22 | by ( Jasmine Enberg | ) www.businessinsider.com time to read: +6 min

Osama Bin Laden's 2002 "Letter to America" went viral, sparking discourse on TikTok's misinformation problem. 2024's "TikTok election" will have a major impact on how people consume political news. TikTok videos of American users sympathizing with the letter sparked shockwaves and a deluge of commentary that reverberated far beyond the 'For You' feed. But many of those posts contained the few dozen TikTok videos in question, and their rapid spread and the ensuing backlash emphasize the dilemma that TikTok faces ahead of what is already shaping up to be a contentious election year. A post on X containing #LettertoAmerica TikTok videos, for example, has racked up over 32 million views and was still up on the platform on Friday, even after TikTok had removed many videos from its own platform.

Persons: Osama Bin, —, TikTok, hashtag, hasn't, Gen, Biden, Meta's Organizations: Service, CNN, Republican, Intelligence, Pew Research Center, Facebook, TikTok Locations: America, Brookings, Facebook's

☆ Turkey Tells NATO That Sweden Won't Join by Next Week's Meeting -Sources
▼ + stars: | 2023-11-22 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

Last week, the Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid in order to hold further talks on the subject. The Turkish Foreign Ministry was not immediately available for comment. Both Sweden and Finland had requested to join NATO in May last year following Russia's invasion of Ukraine. For ratification, the bill needs to be approved by the Turkish foreign affairs commission before being put to a full parliament vote, which could come days or weeks later. While NATO member Hungary also has not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Jonathan Spicer, Sabine Siebold, Tayyip Erdogan, Finland's, Erdogan, Ezgi Erkoyun, Leslie Adler Organizations: NATO, Turkish Foreign Ministry, Nordic, Kurdistan Workers, European Union Locations: Sabine Siebold ANKARA, BRUSSELS, Turkey, Turkish, Brussels, Sweden, Finland, Ukraine, embargoes, United States, Stockholm, Hungary

☆ Money tips for single moms: 'It can be very challenging to raise kids on one income,' advisor says
▼ + stars: | 2023-11-22 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

"It can be very challenging to raise kids on one income," said Cathy Curtis, founder and CEO of Curtis Financial Planning in Oakland, California. Experts shared these 3 financial tips for single mothers. After accounting for fixed expenses, Curtis said, "closely monitor and budget for variable and miscellaneous expenses." Single mothers also should make sure they're preparing for their own future, said Jennifer Bush, a certified financial planner with Mainstreet Financial Planning in San Jose, California. To manage fears and be prepared for such a scenario, Curtis said, single mothers should take some additional precautions.

Persons: Christopher Hopefitch, Cathy Curtis, Curtis, That'll, Jennifer Bush, Bush, Emma Johnson, Johnson Organizations: Bank, Getty, National Women's Law, U.S . Department of Agriculture, Curtis Financial, CNBC FA, Fidelity Investments Locations: Oakland , California, overspending, San Jose , California

☆ Opinion | The Unsettling Lesson of the OpenAI Mess
▼ + stars: | 2023-11-22 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

In my reporting, the best explanation I’ve heard for the board’s decision, as poorly communicated as it was, is that it fired Altman for the precise reason it said it fired Altman. “It would be wise to view any investment in OpenAI Global LLC in the spirit of a donation,” it warned. Satya Nadella, Microsoft’s chief executive, didn’t have the power to stop OpenAI’s board from firing Altman, but he did have the power to render the action hollow. He announced a new advanced innovations division, to be led by Altman (and the OpenAI president Greg Brockman, who resigned in solidarity with Altman) and staffed by any OpenAI employees who’d like to join. By Wednesday, Altman was back as chief executive of OpenAI and all but one of the board members had resigned.

Persons: I’ve, Altman, ”, OpenAI, Helen Toner, ” OpenAI, Satya Nadella, didn’t, Greg Brockman, weirdly, Ilya Sutskever, who’d, —, Meta’s Organizations: Microsoft, Google, OpenAI

☆ New York City investment chief calls on Tesla to sanction Musk unless he apologizes
▼ + stars: | 2023-11-21 | by ( Ross Kerber | ) www.reuters.com time to read: +5 min

Lander's remarks make him the latest Tesla shareholder to call on the EV maker to rein in Musk. Musk endorsed an antisemitic post on social media platform X, formerly known as Twitter, on Nov. 15. It remains unclear whether Tesla's board will take any action. If Musk fails to do so, Tesla's board should consider actions such as docking his pay, suspending him or terminating him, Lander added. He wrote to Tesla board chair Robyn Denholm on Monday that failing to take action would show Tesla's code of business ethics to be "toothless."

Persons: Tesla, Elon Musk, Rishi Sunak, Kirsty Wigglesworth, Brad Lander, Lander, Lander's, Ross Gerber, Musk, Linda Yaccarino, Robyn Denholm, Henry Ford, Nazism, Kristin Hull, Nia, Tesla's, Ross Kerber, David Gaffen, Sheila Dang, Greg Roumeliotis, Matthew Lewis Organizations: British, New York, Reuters, Nia Impact, Gerber Kawasaki Wealth & Investment Management, U.S . Securities, Exchange Commission, SpaceX, Boring Company, Ford Foundation, White, Media, America, Defamation League, Thomson Locations: London, Britain, New, New York City, New York, Dallas

A large depreciation didn’t fully materialize; rather, the dollar’s value in the parallel retail market – popularly known as the “blue dollar” – increased some 13%. Milei, an outsider and right-wing populist, has also accused the Central Bank of recklessly printing money in order to fund public spending. The government has made access to foreign currency increasingly more stringent, which has caused the parallel market to flourish. “It isn’t exactly full, but there’s a lot in there,” she said, declining to provide her last name because trading foreign currency under the table is illegal. “Listening to the radio and looking on the internet, there isn’t any craziness about dollar, dollar, dollar,” he said.

Persons: Leandro Francisco Diana, Javier Milei, “, ”, Diana, Villa Crespo, Milei, Javier, Giselle, Argentina isn't, Maria Castiglioni, ” Castiglioni, Alexi Hoyos, Hoyos, ” Diana, videojournalist Mauricio Cuevas Organizations: U.S ., U.S, Central Bank, Radio Mitre Locations: BUENOS AIRES, Argentina, Buenos Aires, New York, Miami, Florida

☆ Treasury bonds erase this year's losses amid rebound from historic collapse
▼ + stars: | 2023-11-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Treasury bonds have erased this year's losses amid a rebound from their historic collapse. After falling as much as 3.3% earlier this year, the Bloomberg US Treasury Index is now roughly flat. After falling as much as 3.3% earlier this year, the Bloomberg US Treasury Index is now roughly back where it was at the end of 2022. The hawkish stance sparked a historic crash in long-dated bonds, which suffered 46% losses between March 2020 and early October. And so far in the month of November alone, the Bloomberg US Treasury index is up 2.8%, its largest increase since March.

Persons: —, Treasurys, there's Organizations: Bloomberg US, Federal, Service, Treasury, Federal Reserve, Bloomberg, JPMorgan, YE24

☆ Factbox-The Main Contenders in Congo's December Election
▼ + stars: | 2023-11-20 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

President Felix TshisekediTshisekedi, 60, son of Congo's late opposition leader Etienne Tshisekedi, came to power in a disputed 2018 election buoyed by a power-sharing alliance with former president Joseph Kabila. In 2018, he was prevented from entering the country in time to submit his candidacy for the presidential election. Old rival Martin FayuluFayulu, 66, a former Exxon Mobil executive, came second in the 2018 election that he claims he won. Before the 2018 election, Fayulu was chosen as the joint opposition candidate in a deal with Tshisekedi. Fayulu sent representatives to a meeting in South Africa where the main opposition candidates discussed joining forces behind one candidate.

Persons: Ange Kasongo, Felix Tshisekedi, Martin Fayulu, Denis Mukwege, Felix Tshisekedi Tshisekedi, Congo's, Etienne Tshisekedi, Joseph Kabila, unravelled, Vital Kamerhe, Jean, Pierre Bemba, Tshisekedi, Businessman Moise Katumbi Katumbi, Kabila, Katumbi, Martin Fayulu Fayulu, Fayulu, Mukwege, Marie José Ifoku, Bate Felix, William Maclean Organizations: Democratic, Peace, Exxon Mobil, Tshisekedi Locations: Ange Kasongo KINSHASA, Democratic Republic of Congo, Katanga, Congo, Congolese, Rhodes Island, Congo's Katanga, South Africa

☆ Ridley Scott isn’t done talking or creating: ‘It’s fuel to me’
▼ + stars: | 2023-11-20 | by ( Thomas Page | ) edition.cnn.com time to read: +4 min

By the time Scott hit the red carpet in London for “Napoleon’s” UK premiere last Thursday, you’d think there’d be nothing left to say. Before Scott cinephiles have even seen “Napoleon” on screen, there’s palpable excitement about the prospect. Joaquin Phoenix and Ridley Scott attend the "Napoleon" UK Premiere last week. I’m already recceing a film I’m going to do next year after ‘Gladiator.’ That’s the way I work,” he said. Like the little general in his film, Scott marches on.

Persons: Ridley Scott, “ Napoleon, ”, Joaquin Phoenix, of, Scott, Napoleon’s, you’d, that’s, Scott cinephiles, Napoleon ”, “, ” Scott, he’s, Napoleon Bonaparte, “ There’s, ” Joaquin, Napoleon, –, I’d, Josephine, ” Napoleon, Vanessa Kirby, ” Kirby, Phoenix, Commodus –, Lia Toby, Joaquin, Paul Mescal, ‘, ’, “ Napoleon ” Organizations: CNN, UK, ” Joaquin Phoenix, Apple, Sony Pictures Locations: of France, London, “ Kingdom, Toulon, Austerlitz, Waterloo

☆ Argentines vote in election that could lead Trump-admiring populist to the presidency
▼ + stars: | 2023-11-19 | by ( ) www.cnbc.com time to read: +2 min

Javier Milei presidential candidate of the La Libertad Avanza (Freedom Advances) party, speaks at the campaign closing event on Oct.18, 2023. Voters in Argentina head to the polls Sunday in a presidential runoff election that will determine whether South America's second-largest economy will take a rightward shift. Populist Javier Milei, an upstart candidate who got his start as a television talking head, has frequently been compared to former U.S. President Donald Trump. The highly polarizing election is forcing many to decide which of the two they consider to be the least bad option. "It would be incredible for Massa to win in this economic context or for Milei to win facing a candidate as professional as Massa."

Persons: Javier Milei, Donald Trump, Sergio Massa, Massa, Lucas Romero, Milei, I'm, Esteban Medina Organizations: La Libertad, Peronist, Massa, Associated Press Locations: Argentina, Argentine, Buenos Aires

☆ Argentina's Trump-like presidential candidate, who proposed making the US dollar the country's official currency, wins election after his opponent concedes defeat
▼ + stars: | 2023-11-19 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

A self-described "anarcho-capitalist" candidate often compared to Donald Trump claimed victory in Argentina's presidential election. With a Milei victory, the country will swing to the right amid discontent over soaring inflation and rising poverty. AdvertisementArgentina's Economy Minister Sergio Massa conceded defeat to populist Javier Milei in Sunday's fiercely polarized presidential runoff even before the country's electoral authority released official results. AdvertisementThe vote took place amid Milei's allegations of possible electoral fraud, reminiscent of those from Trump and former Brazilian President Jair Bolsonaro. Without providing evidence, Milei claimed that the first round of the presidential election was plagued by irregularities that affected the result.

Persons: Donald Trump, Javier Milei's, Sergio Massa, —, Javier Milei, Massa, Milei, Milei's screeds, I'm, Esteban Medina, Jenifer Pio, Pio, Ana Iparraguirre, Massa's, María Gabriela Gaviola, hasn't, isn't, Gaviola, I've, Patricia Bullrich, Milei's, Victoria Villaruel, Jair Bolsonaro Organizations: Argentina's, Service, Argentine, Massa, Associated Press, Peronist, University of Buenos Aires Law School, AP, Theater Locations: Buenos Aires, Argentina, Trump

The stockpile continues to grow, the reports say, even though Iran has consistently denied wanting nuclear arms. "The political debate is really not going to be about negotiating with Iran, it's going to be about confronting Iran," he said. This week's IAEA reports showed Iran was making steady nuclear progress and indicated that Tehran continued to stonewall the agency in monitoring its work. Two diplomats said all that could be done in coming months was to support IAEA chief Rafael Grossi's efforts to strengthen oversight of Iran's nuclear programme. "It's way too early to say whether Iran will become a nuclear state or whether it will stay a threshold state like now," one diplomat said.

Persons: Leonhard Foeger, Biden, Trump, Donald Trump, Joe Biden, Israel, Robert Einhorn, Rafael Grossi's, John Irish, Francois Murphy, Arshad Mohammed, Edmund Blair Organizations: International Atomic Energy Agency, IAEA, REUTERS, Trump PARIS, Reuters, U.S, Hamas, Pentagon, U.S . State Department, IAEA Washington, Governors, Thomson Locations: Vienna, Austria, stoke, WASHINGTON, VIENNA, United States, Tehran, Gaza, Iran, European, Washington, Iraq, Syria, U.S, IRAN, IAEA, stonewall, Paris

[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Beijing needs to pull "multiple levers" at the same time to address the "vulnerabilities" in the financial system, local government financing, as well as consumer sentiment, said Edward Al-Hussainy, head of emerging market fixed income research at Columbia Threadneedle, which owns Country Garden bonds. China property sector slumpShoring up confidence is the biggest challenge facing Beijing and is key to getting homebuyers spending again, which analysts says isn't likely to happen soon given an uncertain economic outlook. Reuters reported last week that Chinese authorities have asked domestic financial behemoth Ping An Insurance Group to take a controlling stake in Country Garden. "You need to fix the macro environment first; if you don't earn enough how do you buy a property?," said Xu, whose firm holds China property dollar bonds.

Persons: Aly, Edward Al, isn't, Morgan Stanley, Ping, Ping An, Elliot Hentov, Steven Xu, Xu, Raymond Cheng, Goldman Sachs, Clare Jim, Davide Barbuscia, Karin Strohecker, Summer Zhen, Rae Wee, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HONG KONG, Columbia, Reuters, HK, Economic Work Conference, Reuters Graphics, HIT, Insurance Group, State Street Global Advisors, Country, Harmonia, Bloomberg, China, CIBM Securities, Thomson Locations: Shanghai, China, HONG, Beijing, outflows, Hong Kong, New York, London, Singapore

The last near-miss with shutdown led to the Oct. 3 ouster of Republican U.S. House of Representatives Speaker Kevin McCarthy that left the chamber leaderless for three weeks. "No drama, no delay, no government shutdown," Democratic Senate Majority Leader Chuck Schumer said prior to the vote. McCarthy's successor, Speaker Mike Johnson, produced a stopgap funding bill that drew broad bipartisan support, a rarity in modern U.S. politics. But hardline members of Johnson's 221-213 Republican majority voiced anger at the compromise, saying they would try to rein in federal spending again when current funding expires. Funding for all other federal operations - including defense - would expire on Feb. 2.

Persons: Joe Biden, Kevin McCarthy, Chuck Schumer, Mike Johnson, Biden, Chip Roy, Andy Sullivan, Scott Malone, Lisa Shumaker, Jonathan Oatis Organizations: U.S, Senate, Republican U.S . House, Democratic, Republican, Representatives, Republicans, Food and Drug Administration, Thomson Locations: Washington, Iowa, U.S, Israel, Ukraine

☆ Sweden's NATO bid delayed in Turkish parliament
▼ + stars: | 2023-11-16 | by ( Huseyin Hayatsever | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsANKARA, Nov 16 (Reuters) - The Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid on Thursday in a further setback to the Nordic country's hopes of joining the Western alliance after 18 months of waiting. "For all of our lawmakers to approve Sweden's NATO membership, they need to be fully convinced. While there is no clear timeframe on approving the purchase request for the F-16s, Ankara has linked the issue to Sweden's bid. Some analysts say Turkey's parliament could fully ratify the bid by a NATO foreign ministers meeting in Brussels on Nov. 28-29. While NATO member Hungary has also not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Dado Ruvic, Fuat Oktay, Tayyip Erdogan's, Oktay, Erdogan, Finland's, Burak, Ali Sahin, Huseyin Hayatsever, Jonathan Spicer, Christina Fincher Organizations: NATO, REUTERS, Rights, Nordic, Kurdistan Workers, European Union, AK Party, White, Sweden's, Thomson Locations: Rights ANKARA, Turkish, Swedish, Sweden, Finland, Ukraine, Turkey, embargoes, United States, Stockholm, Canada, Netherlands, Ankara, Brussels, Gaza, Moscow, Russia, Hungary, U.S, Hungarian, Budapest

SAN FRANCISCO (AP) — Golden State Warriors coach Steve Kerr said Draymond Green was “wrong” and “took it too far” when he put Minnesota's Rudy Gobert in a headlock, agreeing that the five-game suspension handed down by the NBA was deserved. “Draymond was wrong,” Kerr said Thursday before the Warriors' game against the Oklahoma City Thunder. Thompson and McDaniels were each assessed a technical foul, while Green was assessed a Flagrant Foul 2. Political Cartoons View All 1253 Images“He definitely took it too far," Kerr said. Kerr said the team is working with Green to rein in his behavior.

Persons: Steve Kerr, Draymond Green, “, Minnesota's Rudy Gobert, “ Draymond, ” Kerr, ”, Green's, Klay Thompson, Minnesota’s Jaden McDaniels, Gobert, Green, McDaniels, Thompson, Kerr, Rudy, he’s, ” Thompson, Draymond Organizations: FRANCISCO, Golden State Warriors, NBA, Warriors, Oklahoma City Thunder, Timberwolves, Thompson, State Locations: midcourt

☆ Analyst names Chinese companies benefiting from the retail shift away from Alibaba
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst names Chinese companies benefiting from the retail shift away from AlibabaShaun Rein of China Market Research Group says the Chinese consumer is not "bouncing back", and outlines the companies that will benefit from a shift in the retail environment.

Persons: Shaun Rein Organizations: China Market Research Group

☆ This key US inflation gauge fell last month by the most since 2020
▼ + stars: | 2023-11-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

The Producer Price Index, which measures the average price changes that businesses pay to suppliers, fell 0.5% on a monthly basis. It’s the largest monthly drop since April 2020, when the rapidly spreading Covid-19 virus caused a sharp economic contraction. When stripping out the volatile food and energy categories, core PPI was unchanged for the month, bringing the yearly increase to 2.4%. On Tuesday, the October Consumer Price Index showed that US consumer prices were unchanged for the month, contributing to a slowdown in the annual inflation rate to 3.2%. “Fed officials are getting to keep their cake and eat it too, so far with economic growth and inflation cooling.

Persons: Price, ”, Chris Rupkey, Andrew Butters, “ There’s, ” Butters, we’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, PPI, FwdBonds, “ Fed, CPI, Indiana University Kelley School of Business, Fed, CNN Locations: Minneapolis

☆ The promise and risks of deep-sea mining
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +13 min

The promise and risks of deep-sea mining A vast treasure of critical minerals lies on the ocean floor. All of these factors make deep-sea mining more appealing, supporters say. Environmentalists, however, say it’s a false dichotomy, as land mining will continue whether or not deep-sea mining is allowed. Any country can allow deep-sea mining in its territorial waters, and Norway, Japan and the Cook Islands are close to allowing it. For now, the ISA's members are hotly debating the best standards for deep-sea mining.

Persons: Gerard Barron, Margo Deiye, “ We’re, ”, Barron, “, Beth Orcutt, Jason Gillham, Joe Carr, Pradeep Singh, Kira Mizell, Julia Wolfe, Katy Daigle, Claudia Parsons Organizations: International Energy Agency, P Global, Authority, United Nations, ISA, Metals Co, Russia's JSC, Blue Minerals, Exploration, Metals, Clarion, Companies, U.S . Geological Survey, Benchmark Mineral Intelligence, The Metals Co, Northwest, Maine's Bigelow Laboratory, Ocean Sciences, Impossible Metals, NOAA, Research, Aquarium Research, Bigelow Laboratory, Research Institute, Sustainability, . Geological Survey Locations: Brazil, Norway, Japan, Cook, Vancouver, Blue, Blue Minerals Jamaica, China, Hawaii, Mexico, Nauru, U.S, Russia, France, India, Poland, Tokyo, Monterey

☆ Trump's second-term agenda: punish enemies, fire government workers
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +5 min

Trump would require every federal employee to pass a new civil service test of his own creation. His team is also vetting scores of potential hires who could be counted on to implement his policies or perhaps investigate Trump’s political enemies. Trump also would seek to bring independent regulatory agencies such as the Federal Communications Commission and the Federal Trade Commission under presidential control. EDUCATIONTrump has pledged to require America’s colleges and universities to “defend American tradition and Western civilization” and purge them of diversity programs. On the K-12 level, Trump would support programs allowing parents to use public funds for private or religious instruction.

Persons: Donald Trump, Ted Hendricks, Octavio Jones, Republican Donald Trump, Trump, AFFAIRS Trump, Israel, James Oliphant, Ted Hesson, Andy Sullivan, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Trump, Federal Communications Commission, Federal Trade Commission, Democrats, Congress, U.S . Constitution, U.S, Supreme, AFFAIRS, Ukraine, Paris Climate Accords, Biden White, Justice Department, Thomson Locations: Hialeah , Florida, U.S, United States, China, Mexico, U.S ., Russia, Europe, Paris

☆ Stocks Rally as Inflation Report Cements View the Fed Is Done With Raising Rates
▼ + stars: | 2023-11-14 | by ( Joe Rennison | More About Joe Rennison | ) www.nytimes.com time to read: +1 min

Stocks soared on Tuesday, with the S&P 500 on course for its best day of the year, after an inflation reading raised hopes that the Federal Reserve’s campaign to slow inflation may have reached its limits. The S&P 500 rose roughly 2 percent by midday on Tuesday, a gain it has failed to maintain for an entire trading day yet in 2023. The Russell 2000 index of smaller companies’ stocks, which are more exposed to the ups and downs of the economy, also rose sharply, climbing 4.5 percent. The stock gains reflected expectations that the Fed may not need to raise interest rates again, after new data showed consumer price inflation slowed in October. But Tuesday’s report helped cement a view in financial markets that the Fed’s efforts are working.

Persons: Stocks, Russell, — Organizations: Federal

☆ In a Report Card on Global Warming, Nations Get a Very Poor Grade
▼ + stars: | 2023-11-14 | by ( Somini Sengupta | More About Somini Sengupta | ) www.nytimes.com time to read: +1 min

Despite the clear human and environmental toll of global warming, countries are taking only “baby steps” to rein in greenhouse gas emissions, a senior United Nations official said, summarizing a new U.N. report card on the promises made by governments so far. The U.N. findings, published Tuesday, are the latest of several assessments that paint a dire picture in which the countries aren’t doing nearly enough to keep global warming within relatively safe levels. “Today’s report shows that governments combined are taking baby steps to avert the climate crisis,” said Simon Stiell, the executive secretary of the U.N. climate change agency. That’s roughly the level of warming that is projected if every country meets its climate goals. Saudi Arabia is of course one of the world’s biggest oil producers, and it is the burning of oil and other fossil fuels that’s warming the planet by releasing greenhouse gases into the atmosphere.

Persons: “, ”, Simon Stiell Organizations: United Nations Locations: Saudi Arabia

☆ What Wall Street can expect from key Biden-Xi meeting as U.S.-China relations remain tense
▼ + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Chinese companies, meanwhile, have accelerated in global patent holdings in the cybersecurity sector, according to a recent Nikkei report. More reassurance to Chinese investors To be sure, while these stocks continue to rally, investors in the U.S. largely remain cautious about making any trades based on expectations ahead of the Biden-Xi talks. If anything, Chinese investors could leave Wednesday with more reassurance—which China's economy desperately needs as it struggles to make a post-pandemic recovery. Chinese investors "remain concerned that the deterioration in the bilateral political relationship could have a negative impact on the Chinese economy," Matthews investment strategist Andy Rothman said. Shaun Rein of China Market Research Group told CNBC last week that the meeting "might lower down the temperature," but that he does not expect "anything meaningful" to come from it.

Persons: Joe Biden, Xi Jinping, Frederic Neumann, Neumann, Biden, Xi, Brian Gardner, Gardner, Neo Wang, Wang, Tesla, BYD, Matthews, Andy Rothman, Shaun Rein, Rein, Derek Scissors, CNBC's Organizations: HSBC, Economic Cooperation, South China Morning Post, U.S . Department of Commerce, Nikkei, Micro Devices, Intel, Nvidia, AMD, Micron, MU, Microsoft, Biden, China Market Research Group, CNBC, American Enterprise Institute Locations: China, U.S, Asia, San Francisco, Washington, Beijing, Tesla's China, Europe, South Korea, Japan

U.S. President Joe Biden delivers remarks on the White House initiative on climate change, at the White House in Washington, November 14, 2023. "Hang in there, we're coming," Biden said at the White House, when asked by reporters what his message to family members of hostages was. Hamas fighters surged across the border from Gaza into Israel on Oct.7, killing about 1,200 people and taking around 240 hostages, according to Israeli officials. The Israeli bombardment of Gaza has killed more than 11,000 Palestinians, around 40% of them children, according to health officials in the Hamas-ruled territory. Reuters last week reported that Qatar, where several political leaders of Hamas are based, has been leading mediation efforts between Hamas and Israeli officials over the hostages.

Persons: Joe Biden, Tom Brenner, we're, Biden, Brett McGurk, Israel, Andrea Shalal, Steve Holland, Susan Heavey, Katharine Jackson, Doina Chiaacu, Deepa Babington Organizations: White, REUTERS, Rights, West Bank, Gaza, Reuters, Thomson Locations: Washington, Israel, Qatar, Saudi Arabia, Gaza, Tel Aviv, Jerusalem, United States

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