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☆ Golden State Warriors suffer first defeat of the season against Denver Nuggets
▼ + stars: | 2022-10-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Despite Steph Curry scoring a game-high 34 points, the Golden State Warriors suffered their first loss of the season, to the Denver Nuggets on Friday, going down 125-123 to the team they eliminated from the first round of the Western Conference playoffs in April. Curry added five rebounds and four assists to his 34 points on 10-of-22 shooting but could not drag his team to victory in San Francisco. Noah Graham/NBAE/Getty ImagesThe Warriors fought back in the fourth and a Jordan Poole layup with 14.7 seconds remaining left Golden State just a point behind. Two free throws from Jokic with 6.6 seconds left took Denver’s lead beyond three points and sealed the victory. Logan Riely/NBAE/Getty ImagesElsewhere in the Western Conference, Ja Morant dazzled, scoring 49 points to carry the Memphis Grizzlies to a 129-122 win over the Houston Rockets.

☆ Gold set for second weekly fall as Fed hawks lift Treasury yields
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +1 min

Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Gold prices on Friday were set for a second weekly decline as U.S. Treasury yields held near multi-year highs following strong labor market data and hawkish comments from Federal Reserve officials, dampening the appeal for zero-yield bullion. The benchmark 10-year Treasury yields held near a fresh 14-year peak hit on Thursday while the dollar index ticked 0.1% higher. A separate data showed U.S. existing home sales dropped for an eighth straight month in September. Spot silver eased 0.2% to $18.63 per ounce, platinum fell 0.4% to $910.30 and palladium dropped 1.4% to $2,028.43.

☆ NBA roundup: Suns hit late shot to cap rally from 22-point hole
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +9 min

Lee hit a 10-foot fallaway jumper over Spencer Dinwiddie to cap an electric Phoenix comeback in the season opener for both teams. Cameron Johnson added 15 points, Mikal Bridges had 13 points and 11 rebounds and Lee scored 11 points off the bench. Christian Wood added 25 points and eight rebounds in his Dallas debut while Dinwiddie added 15 points. D'Angelo Russell added 20 points and Jaden McDaniels had 19 for Minnesota. Santi Aldama (18 points, 11 rebounds) and John Konchar (12 points, 11 rebounds) each posted double-doubles while Jones had 15 points off the bench.

☆ Russia evacuates civilians in Kherson as Putin's military faces Ukrainian advance
▼ + stars: | 2022-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +6 min

The new commander of Russian forces in Ukraine said Tuesday that his troops in the country’s south were facing “a rather difficult” situation after a Ukrainian counteroffensive pushed them back and threatened their supply lines. “Our further plans and actions regarding the city of Kherson itself will depend on the emerging military tactical situation,” Gen. Sergei Surovikin said. “Difficult decisions could not be ruled out,” he added in a rare interview with Russian state television that came not long after he was installed by the Kremlin. Ukraine has been laying the ground for a counteroffensive there for months, striking key bridges and military infrastructure, while also advancing in the east. “The Russian military has been rumored to be pushing for a withdrawal for weeks, with some pushback from the Kremlin, and we may be seeing a reversal of this policy,” he said.

☆ ECB to go big again on Oct. 27 with 75 bps rate hike
▼ + stars: | 2022-10-19 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

Reuters Poll - Euro zone economic outlookIn the run-up to winter, forecasters are expecting the ECB to be more aggressive in tightening policy. The bloc's central bank will take the deposit rate to 1.50% and the refinancing rate to 2.00% next Thursday, a view held by an overwhelming majority of respondents in the Oct. 12-18 Reuters poll of more than 60 economists. Three-quarters of respondents to an additional question, 27 of 36, said the bank ought to choose a 75 basis point lift to the deposit rate while two said it should go harder with a 100 basis point increase. Reuters Poll - ECB monetary policy outlookSHORT AND SHALLOW? The deposit rate was expected to reach a peak of 2.50% next year and the refinancing rate 3.00%, higher than the 1.50% and 2.00% highs given in September.

☆ ECB to go big again on Oct. 27 with 75 bps rate hike: Reuters poll
▼ + stars: | 2022-10-19 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

☆ Ukraine lawmakers brand Chechnya 'Russian-occupied' in dig at Kremlin
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +3 min

Ichkeria is the historical name of Russia's southern region of Chechnya that was devastated by two bloody wars between Russian troops and Chechen separatists after the 1991 breakup of the Soviet Union. A majority of Ukrainian lawmakers voted on Tuesday to back a resolution that "recognises the Chechen republic of Ichkeria as territory temporarily occupied by the Russian Federation as a result of armed aggression which contravened the UN's Statute". Ukraine uses the same language - "temporarily occupied" - to describe swathes of Ukrainian territory that were seized by Russian forces in 2014 and following this year's invasion. Ukraine's 450-seat parliament, which has continued to function behind closed doors despite Russian attacks on the capital Kyiv and other cities, said 290 lawmakers had voted to adopt the resolution. The parliament known in Ukraine as the Verkhovna Rada said 352 lawmakers were present for the vote.

☆ Russian roulette: Is Putin serious about nuclear war, or bluffing?
▼ + stars: | 2022-10-14 | by ( Jason Corcoran | ) www.businessinsider.com time to read: +14 min

On Oct. 26, President Vladimir Putin appeared on Russian state television overseeing a practice run of Russia's strategic nuclear deterrence forces. The conflict has revived Cold War-era fears of nuclear war across the region. In August, a Ukrainian official said that 9,000 Ukrainian military personnel had been killed, though another source said the number could be far higher. (President Zelensky previously estimated that 30% of Ukraine's power stations have been damaged or destroyed, although the figure is now likely to be greater.) In a wide-ranging answer, Putin had offered, almost as an aside, that Russian victims of nuclear war "will go to heaven as martyrs" while Western citizens would perish without having "time to repent."

The ECB, which bought 5 trillion euros of bonds ($4.9 trillion) over the past decade to lift low inflation, now finds itself battling record high inflation at 10%. "This consideration also makes the practical implementation of ECB QT significantly harder," BofA said. That would reduce its balance sheet by a "manageable" 155 billion euros in 2023 and 300 billion euros in 2024, ING reckons. An eventual wind-down of PEPP holdings could add to balance sheet reductions in 2025 worth a total 388 billion euros, ING said. AllianceBernstein portfolio manager Nick Sanders said he was "sceptical" how the ECB could achieve QT with those protections in place.

☆ Amid talk of a recession, experts share why now is a good time to start a business and which industries are the most promising
▼ + stars: | 2022-10-13 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

While the prospect of an economic downturn can be worrying, indicators suggest it's still a good time to start a business. "When starting a business, your capital needs are as low as they're ever going to be," he said. Mawhinney, along with an economist, a business coach, and an entrepreneur, each shared their predictions for the coming years and why they encourage aspiring business owners to jump on the entrepreneurial bandwagon now. "But what we're seeing now is they've realized that employment itself is risky, and it's become easier to start that business." She encourages her coaching clients, who are aspiring entrepreneurs and freelancers, to take advantage of the new opportunities.

Policymakers agreed that markets were tense now so there was no sense in testing investors with a premature reinvestment plan. Policy hawks, normally advocates of tighter policy, also appeared to be on board with this plan, the sources said, as they are prioritising rate hikes and saw the balance sheet question as a secondary issue. Some fear that if a reduction in the balance sheet started soon, that would serve as an argument for a slowdown in rate hikes. The sources added that the discussion did not impact the ECB's 1.7 trillion euro Pandemic Emergency Purchase Programme. Reinvestments in this programme are set to run through 2024 and policymakers are not keen at all to make a change.

☆ Why the Crimea bridge blast was such a blow to Putin
▼ + stars: | 2022-10-11 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +2 min

But when he boasted of his military’s Monday morning assault, Putin sought to frame the attacks as revenge for the blast that damaged his signature bridge connecting Russia with the annexed Crimean Peninsula. “This was the first attack on critical Russian infrastructure,” Frank Ledwidge, senior lecturer of law and strategy at University of Portsmouth, told NBC News. which was directed by her husband, a sign of the prominence Kremlin allies sought to give the bridge in Russian popular culture. Simonyan was one of many hawkish voices who expressed fury in the wake of the bridge blast and delight at Monday's apparent retaliation. While it was unclear whether the bridge blast and Monday’s assault were tied, what was clear is the value of the bridge to both sides.

☆ Explainer: Why Russia's missiles on Ukraine have limited impact
▼ + stars: | 2022-10-11 | by ( Peter Graff | ) www.reuters.com time to read: +6 min

Ukraine says Russia fired 83 cruise missiles on Monday and that it shot down at least 43 of them. Both sides say the attack was on a huge scale, unseen at least since Russia's initial wave of air strikes on the first night of the war in February. Western military analysts have no firm figures for how many missiles Russia has left, but for months have pointed to indicators suggesting the supply is limited. Ben Hodges, another former commander of U.S. ground forces in Europe, said that despite Monday's attacks, Ukraine still appeared to have "irreversible momentum" on the battlefield. "Russia's logistics system is exhausted and no Russian wants to fight in Putin's war in Ukraine," he tweeted.

☆ Shaquille O’Neal reveals Jeff Bezos's investing principle that he still uses today
▼ + stars: | 2022-10-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Shaquille O'Neal attends the second preseason NBA game between Atlanta Hawks and Milwaukee Bucks at Etihad Arena on October 8, 2022 in Abu Dhabi, United Arab Emirates. "If you invest in things, it's going to change people's lives, you will definitely get a nice return," the previous NBA star recalled Bezos sharing in a tech conference in Vegas. NBA legend Shaquille O'Neal shared an investment principle he heard from Amazon founder Jeff Bezos, which he says has inspired his approach ever since. O'Neal added his own ten cents: "Never think about the monetary aspect ... it's not important to me." Is it gonna change people's lives?

The barrage of dozens of cruise missiles fired from air, land and sea was the biggest wave of air strikes to hit locations away from the front line, at least since the initial volleys on the war's first day, Feb. 24. The Russian leader said he had ordered "massive" long range strikes and he threatened more strikes in future if Ukraine hits Russian territory. Ukraine, which views the bridge as a military target sustaining Russia's war effort, celebrated the blast without officially claiming responsibility. 1/23 A smoke rises over the city after Russian missile strikes, amid Russia's attack on Ukraine, in Lviv, Ukraine October 10, 2022. The European Union condemned Monday's "barbaric and cowardly attacks" on Ukraine, among a chorus of denunciations from Western countries.

Strengthening the case for another 75 basis point increase, German inflation jumped to 10.9% this month, far beyond expectations for a reading of 10%. "There is no easing in sight, and next year the inflation rate is only likely to fall because energy prices are unlikely to rise again as strongly as this year, partly due to government intervention," Commerzbank economist Ralph Solveen said of the German inflation figures. While few governors ventured to estimate where interest rate hikes could end, de Cos said that models suggest a significantly lower terminal rate than markets now expect. "On the basis of current information, the median terminal rate value across models is at 2.25%-2.50%," de Cos said. Rate hike talk is intensifying even as recession fears rise.

☆ Euro zone bond yields rise, focus on UK gilts, inflation data
▼ + stars: | 2022-09-29 | by ( Stefano Rebaudo | ) www.reuters.com time to read: +3 min

Sept 29 (Reuters) - Euro zone government bond yields rose on Thursday as German data shifted the market focus to surging inflation, while gilt investors resumed selling after the Bank of England (BoE) stepped in to quell a storm the day before. Register now for FREE unlimited access to Reuters.com RegisterGermany's 10-year government bond yield , the benchmark of the bloc, rose 11 basis points (bps) to 2.25%. The UK 10-year gilt yield rose 16 bps to 4.16%, after falling almost 50 bps the day before. Italy's 10-year government bond yield rose 9 bps to 4.67%, after hitting its highest level since February 2013 at 4.927% the day before. Analysts said that while Italian politics do not affect the bond market much, the main worries for Italian bond investors are a possible quantitative tightening by the ECB and a further rise in inflation across the euro area.

☆ Hungary cannot support any new EU energy sanctions against Russia - govt
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BUDAPEST, Sept 29 (Reuters) - Hungary cannot support the European Union's planned eighth round of sanctions against Russia over its invasion of Ukraine if those contain energy sanctions, Prime Minister Viktor Orban's chief of staff said on Thursday. The EU executive proposed on Wednesday fresh sanctions against Russia, including tighter trade restrictions, more individual blacklistings and an oil price cap for third countries. The proposed sanctions fall short of harder-hitting measures, including a ban on importing Russian diamonds, sought by Russia hawks Poland and the three Baltic countries. "Hungary has done a lot already to maintain European unity but if there are energy sanctions in the package, then we cannot and will not support it," Gergely Gulyas told a briefing. Hungary cannot support energy sanctions."

Putin cautioned it was no bluff, and Western politicians, diplomats and nuclear weapons experts are divided. Some say he could use one or more smaller, tactical nuclear weapons to try to stave off military defeat, protect his presidency, scare off the West or intimidate Kyiv into capitulation. And those who try to blackmail us with nuclear weapons should know that the weathervane can turn and point towards them," he said. Such blunt Kremlin rhetoric is very different to the much more nuanced nuclear signals preferred by late Soviet leaders after Nikita Khrushchev took the world to the brink of nuclear war in the 1962 Cuban Missile Crisis. Burns, though, said U.S. intelligence had no practical evidence that Putin was moving towards using tactical nuclear weapons imminently.

Mourners offer flowers at the altar outside Nippon Budokan Hall which will host a state funeral for former Prime Minister Shinzo Abe in Tokyo, Japan September 27, 2022. REUTERS/Issei KatoTOKYO, Sept 27 (Reuters) - Two months after he was assassinated, Shinzo Abe is still stirring controversy, evidence of how the polarising former premier's legacy is shaping Japanese politics on everything from defence to monetary policy. Japan's longest-serving prime minister was a divisive figure who was dogged by scandals. That's a reflection of how Abe transformed both the LDP and Japan's policy landscape, experts say. That could mean more of the ultra-loose policy and fiscal stimulus set in motion under "Abenomics".

Three EU diplomats in Brussels said new sanctions would centre around an oil price cap to match that agreed by the G7 most industrialised global powers - a gathering where EU states France, Germany and Italy also sit. The person added the oil cap should take effect from December, along with the EU's embargo on Russian coal, while tighter export restrictions for high-tech products are meant to hamstring Russia's battlefield capabilities. Further curbs on luxury goods exports to Russia were also on the table. Others, however, warned the latter was unlikely to get the unanimous backing of all EU countries necessary to introduce sanctions. Register now for FREE unlimited access to Reuters.com RegisterWriting by Gabriela Baczynska; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Bank of England faces pivotal policy decision with pound at multi-decade lows
▼ + stars: | 2022-09-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Bank of England Governor Andrew Bailey has reiterated his commitment to reining in inflation, but the Bank faces a difficult balancing act as growth slows and the labor market tightens. On Tuesday, Sweden's Riksbank hiked interest rates by 100 basis points, warning that inflation was "undermining households' purchasing power." The U.S. Federal Reserve is expected on Wednesday to lift its benchmark borrowing rate by 75 basis points, the third consecutive hike of that magnitude. Meanwhile the European Central Bank earlier this month announced a 75 basis point increase to its benchmark deposit rate. It would really be quite a tone deaf performance from the Bank of England if they don't go for 75 basis points at this week's meeting."

☆ U.S. trustbusters’ red faces match legal red tape
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/IllustrationNEW YORK, Sept 20 (Reuters Breakingviews) - America’s antitrust enforcers can’t catch a legal break. Unless they start scoring court wins, competition hawks’ legacy may be less stopping M&A than making it more painful. UnitedHealth’s victory, which followed 20 months of investigation and litigation, confirms that merger reviews generally are becoming more onerous. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Putin is facing pressure from Russia's hawkish nationalists who want all-out war in Ukraine
▼ + stars: | 2022-09-07 | by ( Jason Corcoran | ) www.businessinsider.com time to read: +16 min

As the nationalists' most prominent figurehead, Igor Girkin has been among the most searing in his criticism of Russia's military strategy. Addressing his followers last week, Girkin said: "The war in Ukraine will continue until the complete defeat of Russia. The Smolninskoye District Court ruled that the municipal council should be dissolved and subsequently charged the deputies with "discrediting" Russia's military. The widespread purging of liberals and journalists that occurred in the early days of the Ukraine war is relatively straightforward in Russia. But cracking down on ultra- nationalists is more dangerous and may have dire consequences – especially if Russia loses the war.

☆ Dega Nalayeh is a Somalian refugee-turned-banker to the uber-rich. Here is how she built her $6.7 billion book of entertainment and sports clients.
▼ + stars: | 2022-07-07 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

She joined Bank of America in 1998 and is now a top private banker with $6.7 billion in client assets. Nalayeh told Insider how she built her book while raising a toddler as a single mom. Today, Nalayeh is a top advisor in the private bank with $6.7 billion in client assets as of December 2022, the bank said. The Los Angeles banker told Insider how she amassed her clientele of entertainment and tech millionaires. In 2000, she moved to the private bank in a customer service role, supporting private bankers with wire transfers, for instance.

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