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☆ Special forces swiftly evacuate US embassy staff from Sudan
▼ + stars: | 2023-04-23 | by ( ) www.cnbc.com time to read: +5 min

Smoke rises during clashes between the Sudanese Armed Forces and the paramilitary Rapid Support Forces (RSF) in Khartoum, Sudan on April 19, 2023. U.S. special operations forces carried out a precarious evacuation of the American embassy in warring Sudan on Sunday, sweeping in and out of the capital, Khartoum, with helicopters on the ground for less than an hour. However, John Bass, a U.S. undersecretary of state, denied claims by one faction, Sudan's paramilitary Rapid Support Forces, that it assisted in the U.S. evacuation. Biden had ordered American troops to evacuate embassy personnel after receiving a recommendation from his national security team, with no end in sight to the fighting. The U.S. evacuation planning for American employees of the embassy got underway in earnest on Monday after the embassy convoy was attacked in Khartoum.

☆ Dollar, stocks slip after Fed minutes spur recession fears
▼ + stars: | 2023-04-12 | by ( Herbert Lash | ) www.reuters.com time to read: +6 min

Fed staff assessing the potential fallout of banking stress projected a "mild recession" later this year. But the minutes showed policymakers ultimately agreed to higher interest rates as data at the time showed few signs of inflation pressures abating. Money markets initially trimmed expectations for a Fed rate hike in May, pricing in a 65.2% chance of a 25-basis-point move, CME Group's FedWatch Tool showed. MSCI's gauge of stocks across the globe (.MIWD00000PUS) closed down 0.08%, while the pan-European STOXX 600 index (.STOXX) rose 0.13%. The dollar fell with an index measuring the U.S. currency against six peers down 0.558%.

However, the major benchmarks shed gains quickly, briefly turning lower, as investors focused on underlying inflation pressures which rose in line with economists' estimates. US inflation, Fed rates and MarketsRichmond Fed President Thomas Barkin also poured cold water on market optimism after flagging that there was still time before inflation falls back to the Fed's 2% goal. San Francisco Fed President Mary Daly said there was "more work to do" on Fed rate hikes. Among the 11 major S&P sectors, consumer discretionary (.SPLRCD) was the worst hit, while materials (.SPLRC) and healthcare (.SPXHC) were the top gainers. Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. "We are finally starting to see the cumulative effects of the relentless rate hikes," said Peter Andersen, founder at Andersen Capital Management. US inflation, Fed rates and marketsMinutes from the U.S. central bank's policy meeting in March will also be watched closely by investors later in the day for further clues on the trajectory of interest rates. The Fed raised rates by 25 bps last month and signaled it was on the verge of pausing further rate hikes. ET, Dow e-minis were up 220 points, or 0.65%, S&P 500 e-minis were up 33 points, or 0.80%, and Nasdaq 100 e-minis were up 130 points, or 0.99%.

☆ Futures edge higher ahead of inflation data
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures up: Dow 0.19%, S&P 0.13%, Nasdaq 0.06%April 12 (Reuters) - U.S. stock index futures edged higher on Wednesday as investors awaited key inflation data and minutes from the Federal Reserve's policy meeting for clues on whether U.S. interest rates are near their peak. The Labor Department data, which will be published at 8:30 a.m. US inflation, Fed rates and marketsMinutes from the U.S. central bank's policy meeting in March will be watched closely by investors later in the day for fresh clues on the trajectory of interest rates. The Fed in March raised rates by 25 bps and signaled it was on the verge of pausing further rate hikes. ET, Dow e-minis were up 64 points, or 0.19%, S&P 500 e-minis were up 5.25 points, or 0.13%, and Nasdaq 100 e-minis were up 8 points, or 0.06%.

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The Labor Department data showed headline and core CPI in March rose 0.1% and 0.4%, respectively, on a month-on-month basis. Stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the U.S. central bank will raise interest rates again next month. US inflation, Fed rates and MarketsMajor technology and other growth stocks such as Microsoft Corp (MSFT.O), Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) edged higher as Treasury yields slipped. Minutes from the U.S. central bank's policy meeting in March will also be watched closely by investors later in the day for further clues on the trajectory of interest rates. The Fed raised rates by 25 bps last month and signaled it was on the verge of pausing further rate hikes.

☆ The NCAA Women’s Basketball Tournament Is South Carolina’s to Lose
▼ + stars: | 2023-03-16 | by ( Rachel Bachman | ) www.wsj.com time to read: 1 min

The downside of picking South Carolina to win the NCAA women’s basketball tournament, which starts in earnest on Friday, is that you’re unlikely to win much money. The upside: You’re very likely to be right.

☆ Ukraine, Russia locked in brutal battle in Bakhmut, casualties mount
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +5 min

[1/3] Men stand near buildings damaged in recent shelling in the course of Russia-Ukraine conflict in Donetsk, Russian-controlled Ukraine, March 12, 2023. "In less than a week, starting from the 6th March, we managed to kill more than 1,100 enemy soldiers in the Bakhmut sector alone, Russia's irreversible loss, right there, near Bakhmut," Zelenskiy said in his nightly video address. Russian forces sustained 1,500 "sanitary losses", soldiers wounded badly enough to keep them out of action, Zelenskiy said. Dozens of pieces of enemy equipment were destroyed as were more than 10 Russian ammunition depots, he said. ($1 = 0.9396 euros)Reporting by Reuters bureaus; Writing by Himani Sarkar; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Absolutely idiotic’. SVB insider says employees are angry with CEO
▼ + stars: | 2023-03-13 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“That was absolutely idiotic,” the employee, who works on the asset management side of Silicon Valley Bank, told CNN in an interview. By the close of business that day, Silicon Valley Bank had a negative cash balance of about $958 million. “People are just shocked at how stupid the CEO is,” the Silicon Valley Bank insider said. “There should be no mistaking that Silicon Valley Bank’s collapse was a direct result of the Fed’s persistent and excessive interest rate hikes,” they wrote. Of course, Silicon Valley Bank had more than a year to prepare for both of those issues.

☆ SXSW may be in Texas, but Silicon Valley Bank's implosion is casting an uneasy cloud over the tech festival
▼ + stars: | 2023-03-12 | by ( Madeline Renbarger | Sydney Bradley | ) www.businessinsider.com time to read: +4 min

As the South by Southwest tech conference began in Austin on Friday, Silicon Valley Bank failed. The annual festival is known for attracting hundreds of startup founders and tech investors. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Later on Friday, Lessin shared an Instagram story post showing her SVB credit card being declined while she traveled to SXSW. "It seems likely that if the government does not step in to stop the contagion kicked off by SVB's bank run, we will see more regional (or even large) banks fail," Haugen told Insider.

"We believe there's a better alternative than go big or go out," Vilsack said, speaking to members of the National Sustainable Agriculture Coalition, an advocacy group. The agency will also introduce a new grant program later this year to expand processing capacity for non-livestock commodities, he said. Farmers should be educating lawmakers about the importance of these programs as discussion of the next farm bill begins in earnest on Capitol Hill, Vilsack said. The current farm bill, which is passed every five years and funds major nutrition, subsidy, and conservation programs, expires on Sept. 30. Reporting by Leah Douglas in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

“To the people of #NY03 I have my story to tell and it will be told next week,” Santos tweeted on Dec. 22. After images surfaced showing Santos dressed in drag, Santos insisted it was “categorically false” that he had ever performed as a drag queen. A Siena College survey released Monday showed many New York voters seem to agree with Stern’s assessment. Just 16% of New York voters said they viewed Santos favorably — including a mere 15% of Republicans. Additionally, 59% of New York voters said Santos should resign while just 17% said he should not.

☆ Morning Bid: Risk on, risk off
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +2 min

European company results kick-off in earnest on Wednesday, with retailer Sainsbury (SBRY.L) and JD Sports reporting. On the macro economic front, the World Bank cut its 2023 growth forecasts to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues and the world's major economic engines sputter. The U.S. consumer price index report on Thursday is the big event for markets. The report is expected to show December's headline inflation at 6.5% versus 7.1% in November. Key developments that could influence markets on Wednesday:RESULTS: Sainsbury, JD Sports, Barratt DevelopmentsReporting by Anshuman Daga; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Seeing through another shock
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +4 min

Brazil's weekend political shock reminds world markets of fragile geopolitics, but investors more broadly appear happier to stick with a new year narrative of recovery from a dire 2022. Days after his inauguration, leftist President Luiz Inacio Lula da Silva announced a federal security intervention in Brasilia until Jan. 31. Fed chair Jerome Powell speaks on Tuesday but the big data release of this week is Thursday's consumer price report. The gap between positive euro zone economic surprise indices and negative U.S. equivalents is now at its widest since June. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Lana del Rey's 'Young and Beautiful' song is being used by TikTokers in a new trend that some are calling out as ageist
▼ + stars: | 2022-12-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com time to read: +6 min

Lana Del Rey's "Young and Beautiful" song is being used as part of a recent TikTok trend where people juxtapose how celebrities look now with how they looked earlier in their careers. The “Young and Beautiful” controversy comes on the heels of other ageist and fatphobic memes and trends. A recent viral tweet proclaimed that singer and actor Miley Cyrus is “loved by God” because of her youthful appearance at age 30. It’s unclear if the tweet was earnest or in jest, but many replied saying that age 30 isn’t old. It is unclear when the "Young and Beautiful” trend started.

☆ NFL Week 14 preview: Playoff seedings on the line as season enters business end
▼ + stars: | 2022-12-11 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

Whether it be draft position or playoff seedings, each game means something to each team as Week 14 of the NFL season kicks off in earnest on Sunday. And, as a result, the Jets’ season has metamorphosed from shoots of optimism to playoff hopes. Sunday will see Tom Brady face off against seventh-round rookie Brock Purdy as the Tampa Bay Buccaneers travel west to face the San Francisco 49ers. Despite playing his first meaningful action and with his team’s season possibly on the line, Purdy never looked fazed, leading the 49ers to an important victory. Australia: NFL Game Pass, ESPN, 7PlusBrazil: NFL Game Pass, ESPNCanada: CTV, TSN, RDS, NFL Game Pass on DAZNGermany: NFL Game Pass, ProSieben MAXX, DAZNMexico: NFL Game Pass, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL Game Pass, Sky Sports, ITV, Channel 5US: NFL Game Pass, CBS Sports, Fox Sports, ESPN, Amazon Prime

☆ Biden at 80: A ‘respecter of fate’ considers a second White House bid
▼ + stars: | 2022-11-20 | by ( ) www.cnbc.com time to read: +14 min

US President Joe Biden disembarks from Air Force One upon his arrival at the airport of Egypt's Red Sea resort city of Sharm El-Sheikh, to attend the COP27 climate conference, on November 11, 2022. It's soon time for Joe Biden, 80 on Sunday, to decide whether he has one more mountain to climb — the one to a second term as president. Getty: President Joe Biden gives remarks on student debt relief at Delaware State University on October 21, 2022 in Dover, Delaware. "While President Biden may chronologically be 80 years old, biologically he probably isn't," he said. U.S. President Joe Biden smiles during a rally with Democratic nominee for Maryland Governor Wes Moore, U.S.

☆ Introducing Insider's 100 people transforming business
▼ + stars: | 2022-11-16 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

It's my pleasure to introduce to you Insider's list of 100 People Transforming Business in 2022 — our annual celebration of the people who are bucking trends and upending convention across industries. Insider's annual list of the 100 People Transforming Business. 100 People Transforming Business. Twitter insiders worry that a crash is incoming. TCI, a major investor in Google's parent company Alphabet, sent a letter on Tuesday urging Alphabet CEO Sundar Pichai to cut costs.

☆ With Twitter in chaos, Mastodon is on fire
▼ + stars: | 2022-11-05 | by ( Rachel Metz | ) edition.cnn.com time to read: +7 min

CNN Business —In the week since Elon Musk took over Twitter, the number of people signing up for a small social network called Mastodon has surged. Ascannio/Adobe StockRochko said in an interview Thursday that Mastodon gained 230,000 users since October 27, when Musk took control of Twitter. And she pointed out that Twitter users may migrate to Mastodon in particular because its user experience is pretty similar to Twitter’s. But unlike on Twitter, where I can easily interact with a large audience, my Mastodon network is less than 100 followers. A social-media escape hatchI’m not quite ready to close my Twitter account, though; for me, Mastodon is a sort of social-media escape hatch in case Twitter becomes unbearable.

Elon Musk is shaking up Twitter. From the blunt email to Twitter employees about layoffs to angry advertisers, a lot is happening. Insider has exclusive insights from employees, advertisers and others about working with Musk. And this kind of chaos is only the beginning, warns one former SpaceX VP who says Elon Musk can be 'vicious' in the workplace. Rebecca Blackwell/AP PhotoAdvertisers are nervously pausing their spendMusk has been wooing advertisers, his major Twitter customers, but they are wary.

☆ 'How much press are you worth?' New calculator tackles inequality in missing persons stories
▼ + stars: | 2022-11-03 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

It sounds morbid but the exercise is designed to call attention to “missing white women syndrome,” the tendency of news organizations to pay relatively little attention to missing people who don’t fit that category. According to the calculator, the disappearance of a 22-year-old white woman in New York would generate 67 stories. And a missing 25-year-old Black woman from New York would get eight. More than 92% of Americans would have heard about a 22-year-old missing white woman from Nevada, the tool says. There was no comparable data from when “missing white person syndrome” was first talked about two decades ago.

Register now for FREE unlimited access to Reuters.com RegisterMajor U.S. banks are set to kick off the third-quarter earnings season in earnest on Friday, amid anxiety about the impact of inflationary pressures, rising interest rates and geopolitical uncertainties on their profit. Chicago Fed President Charles Evans on Monday joined the chorus of other central bankers backing the Fed's attempt to lower inflation without a sharp rise in unemployment even as it continues raising interest rates. read more read moreAt 9:53 a.m. Tech behemoths Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) fell 0.9% and 1.5%, respectively, weighing down the S&P 500 technology sector index (.SPLRCT). The S&P index recorded one new 52-week high and 22 new lows, while the Nasdaq recorded 33 new highs and 200 new lows.

☆ Walmart's not waiting for Black Friday. it's ready for holiday shoppers now
▼ + stars: | 2022-09-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNNBusiness —Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the ball rolling on its year-end holiday shopping season at its stores and online as early as next month. The retailer said it is also changing its return policy for Walmart and Walmart+ subscription service customers to give this year’s early gift shoppers more time to make returns. Given the company’s status as an industry bellwether, it’s too soon to say whether Walmart’s earlier-than-usual holiday push could trigger other retailers to follow suit. “If there are fewer gift purchases by consumers, expect to see even more holiday promotions than ever.”

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