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☆ After a robust third quarter, US economic growth will likely slow. That's good for the prospect of rate cuts next year.
▼ + stars: | 2023-10-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The central bank also doesn’t have any incentive to restrict the economy through elevated interest rates if inflation is already under control. The US central bank has raised interest rates 11 times since March 2022 to their highest level in 22 years. The US Commerce Department reports new home sales in September. The US Commerce Department reports third-quarter gross domestic product along with September figures on new durable-goods orders. The US Labor Department reports the number of new applications for jobless benefits in the week ended October 21.

Persons: Jerome Powell, ” Gregory Daco, ” Diane Swonk, Donald Trump, Colin Kaepernick’s, Bud Light’s, Elliott Gotkine, ”, Jeffrey Sonnenfeld, “, Satya Nadella, ” Sundar Pichai, , Sherwin, Williams, Clark, General, Hess, Rowe Price Organizations: CNN Business, Bell, DC CNN, The Commerce Department, Federal Reserve, Treasury, KPMG, BlackRock, America, Nike, Yale School of Management, Microsoft, ” Disney, Sonnenfeld, Tottenham Hotspur, Whirlpool, Verizon, General Electric, Barclays, 3M, General Motors, Spotify, Quest Diagnostics, Mobile, Boeing, General Dynamics, Old Dominion, Hilton, Meta, IBM, US Commerce Department, Mastercard, Merck, Comcast, UPS, Myers Squibb, Northrop Grumman, Valero, The Hershey Company, Amazon, Intel, European Central Bank, US Labor Department, National Association of Realtors, Exxon Mobil, Chevron, Colgate, Palmolive, Phillips, University of Michigan Locations: Washington, EY, Israel, United States, United Kingdom, London, Gaza, Kimberly, Haliburton, Old, Bristol, AbbVie

☆ An 87-year-old deal is keeping a lid on the naval war in Ukraine — for now
▼ + stars: | 2023-10-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Fighting between Russia and Ukraine in the Black Sea has picked up in recent months. The fighting is taking a toll on Russia's Black Sea Fleet, which Moscow can't reinforce. Russia's Black Sea Fleet hasn't been defeated, but its losses, including the sinking of its flagship, the Moskva, weigh more heavily on Russia's war effort because of a deal signed nearly a century ago that is preventing Moscow from bringing more ships into the Black Sea. The convention distinguishes between Black Sea powers — those with a Black Sea coastline — and non-Black Sea powers. "Initially it was thought that it was a big deal that some of the Russian warships were prevented from entering the Black Sea.

Persons: —, Russia —, hasn't, Sergey Ponomarev, US Navy Arleigh Burke, OZAN KOSE, Ben Wallace, Stringer, Turkey's, Volodymyr Dubovyk, Dubovyk, Sabina Joja, Joja, Constantine Atlamazoglou Organizations: Montreux Convention, NATO, Service, Fleet, Sea Fleet, AP, US Navy, Getty, Russian, REUTERS, Mechnikov National University, Middle East Institute, Washington DC, Fletcher School of Law, LinkedIn, Twitter Locations: Russia, Ukraine, Moscow, Montreux, Crimea, Moskva, Sevastopol, Rostov, AFP, Turkey, Baltic, Northern, Odessa's, Ukrainian, Turkish, Romanian, Iulia, Washington, Izmail, Ankara, NATO

☆ Ukraine needs to source new consumer drones that it can retrofit with explosives as China dials back sales to the country
▼ + stars: | 2023-09-30 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Chinese consumer drones are essential to Ukraine's war effort. Ukraine is now trying to source consumer drones and their parts from elsewhere — no easy task. The move came more than a year after DJI, a major Chinese technology company, stopped selling drones to Russia and Ukraine. Ukrainians retrofit the consumer drones in all kinds of ways so they can deliver added payloads on Russian forces and territory. Nearly one month after the export restrictions went into effect, Ukraine is now scrambling to source consumer drones and their parts from anywhere they can.

Persons: —, DJI Organizations: Service, New York Times, Times Locations: China, Ukraine, Russia, Ukrainian, Boston

☆ Marjorie Taylor Greene: House Freedom Caucus voted to remove her before July Fourth break, congressman says
▼ + stars: | 2023-07-06 | by ( Haley Talbot Annie Grayer Melanie Zanona Morgan Rimmer | Haley Talbot | Annie Grayer | ) edition.cnn.com time to read: +3 min

“A vote was taken to remove Marjorie Taylor Greene from the House Freedom Caucus – for some of the things she’s done,” Harris told reporters Thursday. According to Harris, Greene can no longer attend weekly meetings as they are reserved for members. A spokesperson for Boebert declined to say how she voted at the June Freedom Caucus meeting. “There was nothing personal about Congresswoman Boebert’s vote regarding MTG’s membership status in the House Freedom Caucus,” Boebert spokesperson Joey Hungerford said in a statement. Unlike the majority of the House Freedom Caucus, Greene stood by McCarthy in his fight to become speaker and opposed members of the group who blockaded the House floor for a week over the debt ceiling deal House GOP leaders negotiated with the White House.

Persons: Marjorie Taylor Greene, Andy Harris of, “, ” Harris, Harris, Greene, ”, ” Greene, Trump, Lauren Boebert, Boebert’s, Joey Hungerford, Scott Perry, Kevin McCarthy, McCarthy Organizations: CNN, GOP, Republican, House, Politico, Caucus, “, Northwest, White Locations: Georgia, Andy Harris of Maryland, Northwest Georgia, Washington, America, Colorado, Pennsylvania

☆ Christie Lashes Trump, to the Slice of the G.O.P. Open to It
▼ + stars: | 2023-06-22 | by ( Trip Gabriel | ) www.nytimes.com time to read: +1 min

Chris Christie brought his Talking Truth to Donald Trump performance back to New Hampshire on Wednesday evening, aiming a fresh quiver of poison darts at the former president. His talk pleased a small Trump-skeptical crowd, but raised the big question about Mr. Christie’s candidacy: Where are all the other Republican voters? For the most part, Mr. Christie was preaching to the choir. “What in your opinion,” asked one man, “happened to the Republican Party? At the same time, Mr. Christie, who has positioned himself as Mr. Trump’s most direct critic, tops the list of 2024 candidates that Republicans say they will never consider.

Persons: Chris Christie, Donald Trump, Christie’s, Christie, hasn’t, “ I’m, ”, Trump, nudging Organizations: New Hampshire, Trump, Republican, Rockefeller Republican ”, Democrat, Foreign, Republican Party, Mr, Republicans Locations: New, Derry, New Hampshire

People who fare the best in retirement find ways to cultivate connections with others, according to Harvard's 85-year happiness study. In 1938, Harvard researchers embarked on a study that continues to this day to find out: What makes us happy in life? As participants entered mid- and late-life, the Harvard Study often asked about retirement. 1 challenge people faced in retirement was not being able to replace the social connections that had sustained them for so long at work. Retirees don't miss working, they miss the peopleWhen it comes to retirement, we often stress about things like financial concerns, health problems and caregiving.

☆ Switzerland Becomes Stumbling Block for Western Military Aid to Ukraine
▼ + stars: | 2023-02-28 | by ( Bojan Pancevski | ) www.wsj.com time to read: 1 min

The West’s efforts to keep Ukraine supplied with enough ammunition to push back Russian forces has hit a major roadblock: Switzerland’s centuries-old tradition of neutrality. The wealthy Alpine nation is home to a mature weapons industry, but is steeped in the principle that it keeps out of foreign wars. Switzerland’s adherence to a ban on the export and re-export of weapons and ammunition to conflict zones is blocking North Atlantic Treaty Organization countries in Europe from giving Ukraine their stocks of Swiss-made ammunition and arms, none of which are easily substituted.

☆ Former adversary John Boehner praises 'incredibly effective' outgoing Speaker Nancy Pelosi in tearful Capitol Hill tribute
▼ + stars: | 2022-12-14 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Former Speaker John Boehner had nothing but kind words for Nancy Pelosi on Wednesday. The Ohio Republican praised his one-time foil at her official portrait unveiling on Capitol Hill. "No other speaker of the House ... has wielded the gavel with such authority," Boehner said. The waterworks started earlier, though, as Boehner recounted how his daughters had asked him to "tell the speaker how much we admire her." She handled the career change like a champ then, Boehner said, and he seemed to believe she'll be fine with whatever comes next too.

☆ What Cramer is watching Wednesday — Disney CEO must go, no Red wave, Meta job cuts
▼ + stars: | 2022-11-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

We looked how Club stocks did a year after the past five midterms. Affirm (AFRM): Many price target cuts and the stock down 12% in the premarket. Morgan Stanley cuts price target to $11.50 per share from $15; keeps underperform (sell) rating. BofA cuts price target to $61 per share from $73. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Liz Cheney says Marjorie Taylor Greene stands 'with Putin' and 'against freedom' after the Georgia lawmaker vowed to axe Ukraine aid if GOP wins control of Congress
▼ + stars: | 2022-11-05 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

Liz Cheney slammed Marjorie Taylor Greene for her recent comments about Ukraine. Cheney said that Greene stands "with Putin against freedom & America." Greene pledged to cut aid to Ukraine if the GOP gains control of Congress in the midterms. "The only border they care about is Ukraine, not America's southern border," Greene said Thursday at a Trump rally, per the HuffPost. Cheney snapped back at Greene, later adding that she stands "with Putin against freedom & America."

☆ Muslim clerics warn Uzbeks against joining Russia-Ukraine war
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

The Muslim Board said members of some "terrorist organisations" were recruiting Muslims to fight in the Ukraine conflict under the pretext of "jihad" or holy war. In reality, it said, it was not permissible for a Muslim to participate in any military action except to defend their homeland. read moreWith a predominantly young population of 35 million, mainly Muslim Uzbekistan is the most populous former Soviet republic after Russia and Ukraine, and many Uzbeks are fluent in Russian. A video circulated on Ukrainian social media this month showed two Uzbeks captured in fighting between Ukrainian and Russian forces. Hundreds of thousands of Uzbeks live in or regularly travel to Russia to find work and provide for their families at home; some work illegally and risk being deported.

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