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☆ Spain 2 Germany 1: Mikel Merino’s late, late winner dumps out Euro 2024 hosts
▼ + stars: | 2024-07-05 | by ( Dermot Corrigan | ) www.nytimes.com time to read: +18 min

Spain thought they had beaten Germany after Dani Olmo’s 51st-minute finish to a fine team move. Having beaten the hosts in dramatic fashion, some will now consider Spain the favourites to win Euro 2024. Spain had never previously beaten a host nation in a knockout tie at either a World Cup or European Championship. What Germany had to remember was that De la Fuente’s Spain are far more versatile in the way they play. His final game in professional football was mixed.

Persons: Dani Olmo’s, Julian Nagelsmann’s, Florian Wirtz, Manuel Neuer, Mikel Merino, Dermot Corrigan, James McNicholas, Mark Carey, Sebastian Stafford, Bloor, They’d, Merino, tonight’s, Maximilian Mittelstadt, Toni Kroos, Carl Recine, Tom, Marc Cucurella, Kroos, Pedri, Lamine Yamal, …, Martin Rickett, Yamal Pedri, Luis de la Fuente, Anthony Taylor’s, Taylor, Antonio Rudiger, Robin Le Normand, Germany’s Emre, Rodri, Jamal Musiala, Le Normand, Dani Carvajal, Carvajal, Rudiger, Robert Andrich, Alvaro Morata, Unai Simon, Ilkay, Fabian Ruiz, Simon, Nico Williams —, Aymeric Laporte, Jonathan Tah, —, Olmo, Dani Olmo 🇪🇸 h, Bo, ove, Ger, abi l, hal f, sid, bac, dou, tod, tim e, Rea, bui, hal, ed pre, bea Organizations: European, Croatia, Georgia, Olmo, France, Barcelona, UEFA, Manchester City, la, Germany, Sunday, pla, DFB, cri, usu, Spa Locations: Spain, Germany, Stuttgart, tonight’s Portugal, Berlin, Bloor, Real Madrid, Yamal, It’s, Spain’s, goa, abo, Wil

☆ Rent a car for a road trip, or drive your own? 5 things to consider
▼ + stars: | 2024-07-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

For some car owners, it might be more financially savvy to rent a vehicle for a road trip than use their own, experts said. Drivers would need to compare total rental costs — the daily rental rate and potential add-ons like insurance — versus those of operating their own car. "Most people will be shocked at what it actually costs to own and operate their car," Brannon said. The cost of rental car insurance might add $30 to $61 to the daily rate, depending on insurance type, according to Allianz Travel, citing MarketWatch data. Car owners may already get full coverage on a rental via their own car insurance policies, or may have some coverage through credit-card benefits, Brannon said.

Persons: Patchareeporn, Greg Brannon, Brian Moody, Autotrader, Moody, Brannon, Hopper, Alistair Berg, Digitalvision, Kelley, KBB, Autotrader's Moody Organizations: AAA, Toyota, Allianz Travel, Finance, Car, Getty, Allianz, State

☆ Gen X says they'll need more than $1.5 million to retire comfortably—but most have less than 5% of that saved
▼ + stars: | 2024-06-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

For Gen Xers in their 40s and 50s, retirement may be right around the corner. On average, Gen Xers believe they will need around $1.56 million to retire comfortably, according to Northwestern Mutual's 2024 Planning and Progress study. Retirement saving obstaclesA few factors have prevented members of Gen X from setting aside more money for retirement. "When Gen Xers started working, they had to choose whether they wanted to enroll in their company's 401(k) plan," she tells CNBC Make It. How Gen Xers can boost their retirement savings

Persons: Xers, Gen Xers, that's, Gen, Gen Zers, Anne Lester Organizations: Allianz Life, CNBC, Fidelity Investments Locations: Northwestern

☆ Markets are adjusting to stubborn inflation. Election noise could spoil the calm
▼ + stars: | 2024-06-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Add to that the noise surrounding the US election, and it could be a rougher second half. Central Banks in Canada and the eurozone have both cut interest rates, but inflation rose in both of those regions last month. Australia, meanwhile, saw its inflation rate rise to 4% this week, stoking fears that the Reserve Bank of Australia could soon move to raise rates again. It was already well known that no documentation was found to show who worked on the door plug. Without the bolts, the door plug incident was pretty much inevitable.

Persons: London CNN —, they’ve, Michelle Bowman, she’s, Mary Daly, Austan Goolsbee, stoking, Joe Biden, Donald Trump, ”, José Torres, Torres, wouldn’t, Joseph Stiglitz, Trump, Trump’s, Max, “, Al Michaels, Michaels, Peacock, ” Michaels, ‘, CNN Michaels, Read Organizations: CNN Business, Bell, London CNN, Federal Reserve, foibles, San Francisco Fed, Chicago Fed, Central Banks, Reserve Bank of Australia, Interactive Brokers, Treasury, Trump, Peterson Institute, Oxford Economics, Allianz, CNN, Boeing, Alaska, Alaska Airlines, National Transportation Safety Board, Alaska Air, NBC, Summer Games, Olympics Locations: London, Canada, Australia, Renton , Washington, Paris, ’

☆ ‘Deeply concerned.’ 16 Nobel economists sound the alarm on Trump and inflation
▼ + stars: | 2024-06-26 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Yet 16 Nobel Prize-winning economists are warning that Trump’s proposals wouldn’t just fail to fix inflation — they would make matters worse. “We the undersigned are deeply concerned about the risks of a second Trump administration for the US economy,” the economists wrote in the Tuesday letter, which was first reported by Axios. The letter, organized by famed economist Joseph Stiglitz, argued there are valid reasons to worry the Trump agenda will “reignite” inflation. Republican presidential candidate former President Donald Trump speaks at the Road to Majority conference in Washington, Saturday, June 22, 2024. Jae C. Hong/Pool/APIn the letter, the 16 Nobel economists expressed concern about the rule of law and stability if Trump wins the White House again.

Persons: Donald Trump, Trump, Axios, Joseph Stiglitz, Trump’s, Manuel Balce Ceneta, Joe Biden, ”, Stiglitz, —, Biden, Jae C, “ Donald Trump, Robert Shiller, Paul Romer, George Akerlof, Janet Yellen, Biden’s, Joe, Donald Trump’s, ” Karoline Leavitt, don’t, Harry Enten, Moody’s Organizations: CNN, Peterson Institute, Oxford Economics, Allianz, Republican, AP Trump, Congressional, Federal Reserve, Trump, World Bank, Biden, ABC, Voters Locations: Washington, China, U.S, Mexico, Nogales, Ariz

☆ Sixteen Nobel Prize-winning economists warn a second Trump term would 'reignite' inflation
▼ + stars: | 2024-06-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. "While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump's," the economists wrote. "There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," wrote the group of politically progressive academics. Joseph Stiglitz, who won the Nobel Prize in 2001, led the effort to publish Tuesday's letter. "Nonpartisan researchers, including at Evercore, Allianz, Oxford Economics, and the Peterson Institute, predict that if Donald Trump successfully enacts his agenda, it will increase inflation," the economists wrote.

Persons: Donald Trump, Joe, Donald Trump's, Axios, Trump, Joseph Stiglitz, George Akerlof, Sir Angus Deaton, Claudia Goldin, Sir Oliver Hart, Eric Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund Phelps, Paul Romer, Alvin Roth, William Sharpe, Robert Shiller, Christopher Sims, Robert Wilson Organizations: Federal Reserve Board, Wall Street, Evercore, Allianz, Oxford Economics, Peterson Institute Locations: China

☆ The Fed should consider cutting in July, says Allianz's Mohamed El-Erian
▼ + stars: | 2024-06-25 | 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 EmailThe Fed should consider cutting in July, says Allianz's Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell' to discuss the Fed's next moves and the economy.

Persons: Allianz's Mohamed El, Erian Mohamed El Organizations: Erian, Allianz

☆ Serbia scores last-gasp equalizer against Slovenia in dramatic Euro 2024 draw
▼ + stars: | 2024-06-20 | by ( Ben Church | ) edition.cnn.com time to read: 1 min

CNN —Serbia scored a dramatic stoppage-time equalizer to draw 1-1 against Slovenia on Thursday, a result which keeps its Euro 2024 dreams very much alive. Luka Jović’s header in the 95th minute of the match sparked frenzied scenes inside Munich’s Allianz Arena, a goal which also denied Slovenia its first ever win at a European Championships. Žan Karničnik had seemingly won the game for Slovenia after his second-half strike, but Serbia kept playing until securing its dramatic equalizer in the very last passage of play. The result means Serbia sits bottom of Group C on one point, with Slovenia in second with two points.

Persons: Luka, Žan Karničnik Organizations: CNN — Serbia, Slovenia, Munich’s Allianz Locations: Serbia, Slovenia

☆ Euro 2024: Host Germany kicks off tournament with 5-1 hammering of Scotland
▼ + stars: | 2024-06-14 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Host Germany kicked off Euro 2024 in spectacular fashion on Friday, hammering 10-man Scotland 5-1 in Munich to record the biggest opening match victory in European Championship history. Antonio Rüdiger’s own goal in the 87th minute was nothing more than a consolation but gave the Scotland fans a moment to remember on a difficult night. Germany didn’t allow Scotland fans much time to enjoy their moment as Can, who was a late callup following youngster Aleksandar Pavlović’s injury, found the bottom corner from the edge of the area. The thumping win will be a considerable boost to a team that didn’t come into its home tournament with high expectations. It was a brutal opening night for Scotland fans.

Persons: Florian Wirtz, Jamal Musiala, Kai Havertz, Niclas Füllkrug, Emre, Antonio Rüdiger’s, Ryan Porteous, Germany couldn’t, “, Julian Nagelsmann, Wirtz, Angus Gunn, Kai Pfaffenbach, Ryan Christie’s, Porteous, Scott McKenna, Andy Robertson’s, Aleksandar Pavlović’s, didn’t, Hansi Flick, Jeff J Mitchell, hasn’t, Philipp Lahm Organizations: CNN, Scotland, Tartan Army, ITV, Bundesliga, Bayer Leverkusen, Reuters, Allianz Arena, Getty, Costa Locations: Munich, Hungary, Switzerland, Germany, Havertz, Scotland, Musiala, Nagelsmann, Costa Rica

☆ French snap election 'akin to the Brexit vote,' Allianz economist says
▼ + stars: | 2024-06-10 | 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 EmailFrench snap election 'akin to the Brexit vote,' Allianz economist saysLudovic Subran, chief economist at Allianz, says French President Emmanuel Macron has tied his future to the future of Europe after calling a snap election following steep losses for his party at the EU elections.

Persons: Ludovic Subran, Emmanuel Macron Organizations: Allianz Locations: Europe

☆ German national soccer coach Julian Nagelsmann condemns ‘racist’ poll which asked if team has enough White players
▼ + stars: | 2024-06-03 | by ( Sammy Mncwabe | ) edition.cnn.com time to read: +3 min

CNN —German national soccer coach Julian Nagelsmann condemned a “racist” poll which asked participants if the team has enough White players, in a press briefing on Sunday. Nagelsmann said it was madness that the broadcaster asked this question and said he agreed with midfielder Joshua Kimmich who described the poll as racist a day earlier. Another of the questions asked in the ARD survey was whether it’s a “pity that the current captain of the German national team has Turkish roots.” Gundogan is the team’s captain. In April, German soccer authorities said they would redesign the number “4” on the country’s national jerseys amid claims it resembles a logo used by Nazi paramilitary units. Euro 2024 host Germany will kick off the month-long tournament against Scotland at Munich’s Allianz Arena on June 14.

Persons: Julian Nagelsmann, Nagelsmann, Joshua Kimmich, “, Europe who’ve, Ilkay Gundogan, Leroy Sane, Antonio Rudiger –, Gundogan, Stefan Matzke, Kimmich, ” “, ” Kimmich, Karl Valks, ” Organizations: CNN, German, ARD, BBC, Nazi, German Football Association, DFB, Schutzstaffel, Scotland, Munich’s Allianz Arena Locations: Germany, Europe, “, Turkish

☆ The Fed’s preferred inflation measure rose 0.2% in April, as expected
▼ + stars: | 2024-05-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. Including the volatile food and energy category, PCE inflation was at 2.7% on an annual basis and 0.3% from a month ago. Goods prices rose 0.2% while services saw a 0.3% increase, continuing a normalization trend for an economy in which services and consumption provide much of the fuel. Personal income increased 0.3% on the month, matching the estimate, while spending rose just 0.2%, below the 0.4% estimate and off March's downwardly revised 0.7%. "The PCE Price Index didn't show much progress on inflation, but it didn't show any backsliding, either.

Persons: Dow Jones, Dan North, Jerome, Powell, I'm, Chris Larkin, Morgan Stanley, John Williams Organizations: Federal Reserve, Commerce Department, Labor Department, The Commerce Department, North America, Allianz Trade, Treasury, New York Fed

☆ This retirement planning gap is 'hidden in plain sight,' Harvard professor says
▼ + stars: | 2024-05-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Yet, there's a notable lack of attention and concern given to the social aspect of retirement, experts said. It's a facet of retirement planning that's almost "hidden in plain sight," said Robert Waldinger, a clinical professor of psychiatry at Harvard Medical School. Money is the "obvious" focus when it comes to retirement planning, Waldinger said. Put another way: "Social connections are really good for us" and "loneliness kills," Waldinger explained in a 2015 TED Talk titled "What makes a good life?" "Some people say, 'It's too late for me'" to make new social connections, Waldinger said.

Persons: Jose Luis Pelaez, there's, that's, Robert Waldinger, Waldinger, General, David Sbarra, Sbarra, It's, Yochai Shavit, Shavit, it's Organizations: Social Security, Finances, Allianz Life, Harvard Medical School, Waldinger, Harvard, TED, U.S, Laboratory, University of Arizona, Finance, Stanford University Center, Longevity, CNBC Locations: People

☆ Japanese stocks are rallying this year. But one key group of investors is missing
▼ + stars: | 2024-05-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Japanese stocks are enjoying a banner year, with foreign investors plowing into the market. Japanese investors are hesitant Japanese investors have long been skeptical of the local stock market after the asset price bubble burst in the early 1990s. Another reason Japanese investors may not be as keen on their domestic market could be the yen falling sharply. Outlook for Japanese stocks still strong Despite the recent bout of selling from local investors and the market's recent struggles, many global investors remain bullish on Japanese stocks. This is another "slow-moving but important tailwind to Japanese stocks," with more room to run, according to Zachary Hill, Horizon Investments head of portfolio management.

Persons: Goldman Sachs, Morgan Stanley, Kishida, Julian McManus, Janus Henderson, Bernstein, Zachary Hill, Raymond Chan, Chan, McManus, he's, Warren Buffett Organizations: Japan Exchange Group, Nikkei, Bank of Japan, U.S ., Ministry of Internal Affairs and Communications, Investment, Association, Prime, Nippon, Savings, U.S, Horizon Investments, Federal Reserve, Asia Pacific, Allianz Global Investors, Mitsui, Itochu, Sumitomo Locations: U.S, Japan, Asia

☆ China is a 'critical' global supplier, full decoupling may be impossible, survey shows
▼ + stars: | 2024-05-17 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

China remains a "critical supplier" to the world and efforts for a full decoupling remain "difficult, if not impossible," a trade report by Allianz Trade said. That's according to the report which showed that only 27% of companies surveyed in the U.S. were planning to expand in China. The Allianz Trade survey polled more than 3,000 companies in China, France, Germany, Italy, Poland, Spain, the UK and the U.S. were surveyed about their outlook for global trade in 2024. More than one-third of respondents plan to increase their China footprint, while only 11% said they would decrease it, the trade survey showed. "China remains the world's critical supplier, from which a full decoupling seems difficult, if not impossible," the Allianz Trade report said.

Persons: Economic Research Ana Boata Organizations: Allianz Trade, Allianz Trade's, Economic Research Locations: Qingdao Port, Qingdao, China, Germany, Spain, France, U.S, Italy, Poland

☆ Chinese exporters are 'more optimistic' than others in our survey: Allianz Trade
▼ + stars: | 2024-05-16 | 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 EmailChinese exporters are 'more optimistic' than others in our survey: Allianz TradeFrancoise Huang, senior economist for Asia-Pacific and global trade at Allianz Trade, discusses the possible factors behind the positive sentiment.

Persons: Allianz Trade Francoise Huang Organizations: Allianz Trade Locations: Asia, Pacific

☆ Here's everything to expect from Wednesday's key report on inflation
▼ + stars: | 2024-05-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

"I expect that inflation will move back down on a monthly basis to levels that were more like the lower readings we were having last year," he told attendees at a banking conference. So we're just going to have to see where the inflation data fall out." The index, a proxy for wholesale prices, accelerated 2.2% on an annual basis, the highest reading in a year. "This will be the most important read of the month [excluding nonfarm payrolls] as inflation continues to defy expectations," said Dan North, senior economist at Allianz Trade North America. Even if the report comes in around consensus expectations, it will be "inadequate progress for the Fed to consider a cut until September," he added.

Persons: Frederic J, Brown, Dow Jones, Jerome Powell, we're, Dan North Organizations: AFP, Getty, Federal Reserve, Labor Department's Bureau of Labor Statistics, Allianz Trade North, Fed Locations: Rosemead , California, Amsterdam, Allianz Trade North America

☆ The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
▼ + stars: | 2024-05-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Central banks are on a gold-buying spree, contributing to record-high spot gold prices. Other central banks are also snapping up gold to diversify their assets on the back of a strong greenback. Other central banks are also loading up on gold. Emerging market central banks that bought gold in the first quarter of the year include Kazakhstan, Oman, Kyrgyzstan, and Poland. There are political motivations for central banks to diversify their assets, too.

Persons: —, it's, bode Organizations: Service, People's Bank of China, greenback, Gold, JPMorgan, Allianz Locations: China, Turkey, India, Kazakhstan, Oman, Kyrgyzstan, Poland, United States

☆ These ETFs promise investors downside protection — at a cost
▼ + stars: | 2024-05-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Investors looking for protection against market downside are turning toward buffer exchange-traded funds, also known as defined-outcome ETFs. Buffer ETFs have exploded in popularity in recent years, although they are still a small slice over the overall industry. How buffer ETFs work Managers use a set of equity options when building a fund. Recently, Calamos announced a new product line of 12 ETFs that offers 100% downside protection. The first in the line, Calamos S & P 500 Structured Alt Protection ETF (CPSM) , began trading May 1.

Persons: Lan Anh Tran, Morningstar, Tran, Todd Sohn, Strategas, Sohn, Calamos, Russell, Matt Kaufman, Kaufman, Morningstar's Tran, HELO 1Y, It's Organizations: Morningstar, Strategas Securities, Capital Management, Equity, PGIM, Allianz, BlackRock, Treasury, Trust, JPMorgan Hedged Equity, JPMorgan Locations: BlackRock

☆ Stock market today: Indexes mixed after Fed meeting as Powell calms nerves over possible hike
▼ + stars: | 2024-05-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Central bankers chose to keep interest rates steady, and Powell said a rate hike was "unlikely." Fed officials chose to keep interest rates unchanged, in line with the market's expectations. Investors have been fretting over higher interest rates as inflation came in hotter-than-expected throughout the first quarter. The odds of a Fed rate hike in June are less than 1%. Calling that out in the first paragraph is tantamount to saying that interest rate cuts are not coming soon."

Persons: Powell, —, Greg McBride, Bankrate, Charlie Ripley Organizations: Service, Federal Reserve, Nasdaq, Fed, Allianz Investment Management

☆ Real Madrid earns crucial draw against Bayern Munich in Champions League semifinal
▼ + stars: | 2024-05-01 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

“We didn’t see the best Real Madrid today,” he told reporters after the game. “Let’s hope we see it in the second leg. Bayern, cheered by the ever-passionate Allianz Arena, roared back in the second half and equalized through a moment of solo brilliance from Sané in the 53rd minute. Alex Pantling/Getty ImagesWhile Madrid will be happy with the result, there were concerns over star player Jude Bellingham who came off in the second half. “We caused Real a lot of problems, especially in the second half.

Persons: Carlo Ancelotti, Blancos, Ancelotti, ”, “ It’s, Vinícius Jr, ’, Bayern’s Leroy Sané, Harry Kane, Vinícius, “, ” Harry Kane, Angelika Warmuth, Toni Kroos, Kim Min, jae, Kroos, Andriy Lunin, Jamal Musiala, clumsily, Lucas Vázquez, Dani Carvajal, Kane, Kim, Madrid’s, Alex Pantling, Jude Bellingham, He’ll, hasn’t, he’ll, ” Kane, Germain Organizations: CNN — Real Madrid, Champions League, Bayern Munich, Bayern, Allianz Arena, Madrid, ”, Bundesliga, Bayer Leverkusen, Borussia Dortmund, Paris Saint, Wembley Locations: Santiago, Germany, Spain, Real Madrid, Madrid, Bayern Munich, Paris

☆ Mohamed El-Erian: Hoping the Fed delivers two rate cuts starting July
▼ + stars: | 2024-04-15 | 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 EmailMohamed El-Erian: Hoping the Fed delivers two rate cuts starting JulyMohamed El-Erian, Allianz chief economic advisor and president of Queens’ College, Cambridge, joins ‘Squawk Box’ to discuss the latest market trends, his expectations from the Fed, and more.

Persons: Mohamed El Organizations: Erian, Allianz, Queens ’ College , Cambridge

☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

☆ A crucial report Wednesday is expected to show little progress against inflation
▼ + stars: | 2024-04-09 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Scott Olson | Getty ImagesA closely watched Labor Department report due Wednesday is expected to show that not much progress is being made in the battle to bring down inflation. To be sure, inflation has come down dramatically from its peak above 9% in June 2022. That showed headline inflation running at 2.5% and the core rate at 2.8% in February. For their part, markets have grown nervous about the state of inflation and how it will affect rate policy. "I don't see a whole lot here that is going to move things magically the way they want to go," North said.

Persons: Scott Olson, We're, Dan North, North, they've Organizations: Getty, Labor Department, Federal Reserve, Allianz Trade North America, Fed, Commerce, PCE Locations: Chicago , Illinois

☆ Why diversity, equity and inclusion is more than just a corporate buzzword to this finance exec
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +1 min

This appreciation for different cultures and beliefs would come in handy throughout his career, where he worked in three continents and six countries. "It was this foundation of appreciating the diversity of perspectives and including different people from different backgrounds into the team that allowed me to be successful," he told CNBC's My Biggest Lessons. He believes diversity, equity and inclusion are crucial factors in attracting and retaining talent and engaging employees. "(It] helps create a healthy workplace where each individual is comfortable in who they are, and they're comfortable to bring their real self to the workplace. It helps reduce unconscious biases and it helps fuel innovation," he said.

Persons: Vinay Surana, CNBC's Organizations: Asia Pacific, Allianz Partners Locations: Middle East, Africa

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