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The mayor’s return to New York City from overseas was plagued by mishap. The chair of his “reception committee” was late; his aides violated the health code by boarding the mayor’s ship, the Vulcania, before the ship could be screened for contagion. And reporters — barred from asking questions on political or administrative matters — had the nerve to question the length of the mayor’s journey, which, in an apparent first for a New York City mayor, included a three-day visit to the new nation of Israel. In the 72 years since Mayor Vincent R. Impellitteri’s voyage in 1951, every single New York City mayor would follow his lead, in recognition of a faith-based political reality: New York City is home to the largest population of Jews outside of Israel. Mayor Eric Adams upheld that rite of passage this week, visiting Jerusalem and Tel Aviv in a three-day tour highlighted by meetings with Israel’s prime minister, Benjamin Netanyahu, and its president, Isaac Herzog.

Persons: ”, —, Vincent R, Eric Adams, Benjamin Netanyahu, Isaac Herzog Organizations: New, New York City, York Locations: New York City, New York, Israel, York City, Jerusalem, Tel Aviv

☆ Analog Devices' fourth-quarter forecasts disappoint as consumer demand weakens
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 23 (Reuters) - Analog Devices (ADI.O) forecast fourth-quarter revenue below Wall Street targets on Wednesday, in a sign that the chip industry inventory glut, fueled by weak consumer demand, might prevent fresh orders from flowing in. U.S.-based Analog Devices projected fourth-quarter revenue of $2.70 billion, plus or minus $100 million, compared with analysts' average estimate of $3.01 billion, according to Refinitiv data. Rival Texas Instruments (TXN.O) also forecast third-quarter revenue below market estimates as weak consumer demand prompted electronics makers to be cautious about buying chips. Analog Devices also forecast fourth-quarter adjusted earnings of $2 per share, plus or minus 10 cents, below analysts' estimate of $2.39 per share profit. Its third-quarter revenue fell about 1% to $3.08 billion, missing estimates, weighed by the consumer sector.

Persons: Dado Ruvic, Vincent Roche, Arsheeya, Shilpi Majumdar Organizations: REUTERS, Research, Devices, Texas, ON Semiconductor, NXP Semiconductors, Thomson Locations: China, Vincent Roche ., Bengaluru

☆ Smoky Skies Menace U.S. Cities, Driving Residents Indoors
▼ + stars: | 2023-06-28 | by ( Julie Bosman | ) www.nytimes.com time to read: +1 min

The Great Lakes region was enveloped in smoke and haze from Canadian wildfires for a second day on Wednesday, prompting millions of Americans to stay indoors in the heart of summer to avoid the unhealthy air. In Chicago, the city’s famous skyline was shrouded in whitish, smoky clouds as President Biden, visiting for the day, delivered a speech downtown on his economic policies. Pools and summer camps in Madison, Wis., were closed down, forcing parents to scramble to find child care. Cleveland residents who ventured outside could taste the smoke in the air, the worst conditions that many had seen since the first wave from Canadian wildfires descended into the northern United States this month. “I’m going to be out here 10 or eight hours today, so that’s a long day to be breathing in this kind of air.”

Persons: Biden, ”, Vincent Radzilowski, “ I’m Locations: Chicago, Madison, Wis, Cleveland, United States

☆ Harder for the Fed to restart rate hikes once they stop, says Dreyfus and Mellon's Vincent Reinhart
▼ + stars: | 2023-06-13 | 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 EmailHarder for the Fed to restart rate hikes once they stop, says Dreyfus and Mellon's Vincent ReinhartVincent Reinhart, Dreyfus and Mellon chief economist and macro strategist, joins 'Squawk on the Street' to discuss the Fed's inflation fight, why it would be a mistake not to hike rates, and more.

Persons: Dreyfus, Mellon's Vincent Reinhart Vincent Reinhart Organizations: Fed, Mellon

The path to the pause will roll out in marquee monthly data on the key topics of jobs and prices, but also weekly series tracking emerging concerns about the financial industry. Here's a guide to what's ahead:JOBS: Next release May 5The data calendar will let the Fed receive two monthly jobs reports, covering April and May, before its June 13-14 policy meeting. For the Personal Consumption Expenditures price index, the measure used to set the Fed's 2% inflation target, only the April report will be available. Reuters Graphics Reuters GraphicsReuters GraphicsFEDSPEAK: OngoingThe Fed's internal communications rules set a "blackout" period around each policy meeting. The curtain of silence around the May meeting lifts on Friday, May 5, and Fed officials can speak publicly about their views through Friday, June 2.

As a member of the Fed's Board of Governors a decade ago, Powell called certain possible debt default responses by the Fed "loathsome." Accepting defaulted securities as collateral for Fed loans, or swapping "good" federal debt already held by the Fed for impaired debt held by private investors, would be an extreme variation on the theme - yet one that may prove less "loathsome" than the alternative economic collapse some predict would follow a default. To a central bank, with no budget constraint and an elastic time horizon, it's just a matter of waiting out the politicians. Powell joined the Fed in 2012 from a think tank where he focused on debt and deficit issues. A debt default may pose another tough decision for a Fed chair who's motto could well be to never say never.

☆ Financial conditions 'not that tight' relative to rate hikes, says Dreyfus and Mellon's Reinhart
▼ + stars: | 2023-04-26 | 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 EmailFinancial conditions 'not that tight' relative to rate hikes, says Dreyfus and Mellon's ReinhartVincent Reinhart, chief economist and macro strategist at Dreyfus and Mellon, joins 'Squawk on the Street' to discuss his expectation from the next Federal Reserve meeting and more.

The film is a continuation of the BBC series with Luther in pursuit of a killer he failed to catch. "Luther: The Fallen Sun" picks up with John Luther (Idris Elba) disgraced and in prison after the events of the series. Check out the trailer for 'Luther: The Fallen Sun'Idris Elba and Dermot Crowley each reprise their roles from the "Luther" series. How to watch 'Luther: The Fallen Sun'You can watch "Luther: The Fallen Sun" at home exclusively on Netflix. How to watch 'Luther: The Fallen Sun' outside the USIf you're traveling outside the US, you might be in an area that doesn't have streaming access to "Luther: The Fallen Sun."

☆ These are Wall Street's favorite chip stocks, including one expected to rally more than 30%
▼ + stars: | 2023-02-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

It might be time to look for buying opportunities in a beaten-down part of the tech sector: semiconductor stocks. Chip stocks have been under pressure from supply chain disruptions sparked by the Covid-19 pandemic. This, along with the recent push toward artificial intelligence technology, has boosted chip stocks in early 2023. The average analyst price target on the stock implies the most upside of any name on the list at 33%, FactSet data shows. He also hiked his price target on Analog Devices to $230 per share from $215.

"It's going to take some time" for disinflation to spread through the economy, Powell said in a news conference following the Fed's latest quarter-point interest rate increase. He said he expects a couple more rate hikes still to go, and, "given our outlook, I just I don't see us cutting rates this year." Rate cuts, they expect, will start in September - a view Powell said Wednesday is driven by the expectation of fast-receding inflation. Since the 1990s, the interlude between rate hikes and rate cuts has varied from as long as 18 months in 1997-1998 to as short as five months in 1995. The Fed, Powell said Wednesday, cannot risk doing too little.

☆ Housing slump to continue but some hopeful signs ahead
▼ + stars: | 2022-12-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

While that’s already had a negative impact on the housing market, we’ll get more details this week about how much worse the damage has become. A long list of housing data is on tap. On Tuesday the US Census Bureau will report housing starts and building permits figures for November, followed by Friday’s release of new home sales data for the same month. Housing market was frothy, but not a bubbleOthers in the industry are cautiously optimistic as well. That all amounts to a few good reasons why the housing market could avoid a severe and prolonged slump.

☆ Why Inflation Took Off in 2022—and What Happens Next
▼ + stars: | 2022-12-15 | by ( Vincent Reinhart | ) www.wsj.com time to read: 1 min

In 2022, the Federal Reserve made history, almost surely launching hundreds of academic papers, dissertations and tell-all tomes to occupy interest for years to come. For most central bankers, attention is the worst of outcomes. Rather, most believe their ambition should be to follow John Maynard Keynes’s advice and “manage to get themselves thought of as humble, competent people, on the level with dentists.”The Fed only garners such attention making or correcting a major mistake—and there was a bit of both this year. Inflation was allowed to hit a 40-year high. Monetary policy had to pivot forcefully to raise the target range for the overnight rate to 4.25% to 4.5% in 2022, including four 0.75-percentage-point installments.

☆ US recession odds are 'extremely elevated' and a downturn is likely to hit within the next year, chief economist says
▼ + stars: | 2022-12-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Vincent Reinhart, the chief economist of Dreyfus Mellon, is expecting a recession to hit within the next 12 months. "There is an extremely elevated chance of recession," he told Bloomberg on Thursday. "It's hard in a sense that they have to put pain on the economy to get inflation down," he said. "But it's spillover to service inflation, that's what you've got to worry about, that's what Powell's worried about. The durable part of inflation that's still above the Fed's goal."

☆ Fed set to deliver another big rate hike, debate December downshift
▼ + stars: | 2022-10-31 | by ( Ann Saphir | ) www.reuters.com time to read: +5 min

Defining that point, or at least its parameters, will be the subject of intense discussion at this week's Federal Open Market Committee meeting. Reuters GraphicsAnd during that time, Fed policymakers, with the notable exception of Powell, have offered a range of views on where they stand on a possible slowdown or even pause to rate hikes. Fed Governor Michelle Bowman, for instance, said she'll look for signs that inflation is moving down before she would want to reduce the pace of rate hikes. Reuters Graphics'NEED TO BE CONVINCED'Bets in futures markets weigh heavily in favor of a slowdown in rate hikes starting in December, but ultimately a top Fed policy rate of 4.75%-5.00%, slightly higher than policymakers themselves have flagged, by early next year. Fed policymakers, Reinhart said, are also well aware that monetary policy typically goes too far.

☆ Friday's jobs report could be a case where good news isn't really good
▼ + stars: | 2022-10-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

Al Drago | Bloomberg | Getty ImagesInvestors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons. In normal times, strong job gains and rising wages would be considered a good thing. When they get bad news on the economy, that means the Fed is going to tighten less." In real terms, Swiber said that likely means no change until the economy is actually losing jobs. Next week's CPI reading is likely to be more consequential when it comes to any shift in Fed attitudes, she added.

☆ Unemployment could end higher than Fed's 4% projection, says Evercore's Emanuel
▼ + stars: | 2022-09-22 | 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 EmailUnemployment could end higher than Fed's 4% projection, says Evercore's EmanuelJulian Emanuel, senior managing director at Evercore ISI, and Vincent Reinhart, a former Fed economist, join 'Squawk on the Street' to discuss whether Fed endorsed the notion of a recession, where unemployment data will end up, and more.

☆ Vincent Reffet, un faimos cascador din echipa „Jetman”, a murit în timpul unui antrenament
▼ + stars: | 2020-11-18 | by ( ) www.jurnal.md time to read: +1 min

Vincent Reffet avea 36 de ani și făcea parte din echipa Jetman Dubai. Un comunicat de presă anunță că Reffet a murit "în timpul unui antrenament în Dubai", dar nu oferit mai multe detalii. Părinții lui Vincent Reffet au practicat parașutismul, iar tânărul a realizat numeroase cascadorii în cariera sa, sărind inclusiv de pe cea mai înaltă clădire din lume, Burj Khalifa. Reffet a devenit faimos pentru zborurile alături de Jetman Dubai, echipă creată de fostul pilot elvețian Yves Rossy, cunoscut drept "Jetman". Unul dintre acestea îl prezintă pe sărind de pe un munte și zburând într-un avion în mișcare, alături de un coleg.

Persons: Vincent Reffet, Reffet, Khalifa . Reffet, elvețian Yves Rossy, Vincent Reffer Locations: Dubai, elvețian

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