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The Producer Price Index measures inflation at the firm level, showing the change in prices paid for the supplies, materials and services that businesses use, and for the final goods that retailers resell. Prices for final goods less volatile commodities and shipping costs rose 0.2% in October, continuing a slow pace for those "core" items. The model shows the Fed rate now rising only to 4.75%-5.00% in March, whereas a week ago it showed the Fed rate likely exceeding 5% by then. The breakeven-inflation rate on the 5-year Treasury Inflation Protected Security slid to the lowest in a month at 2.38%. Shepherdson has been focused on the producer price index as more important than usual because of market distortions driven by the pandemic, and said that a drop in the index's margin components would influence the direction of consumer prices going forward.

The attack that killed six people on a busy Istanbul street on Sunday has brought national security back on the political agenda. With Turkey quick to accuse Syria-based Kurdish militants for the latest attack, analysts say Erdogan may now press for another cross-border campaign into northern Syria after three such incursions since 2016. Were Sunday's attack followed by more, Peker expected outcomes including a rapid escalation of "counter-terrorism operations, particularly against the PKK and the YPG". The YPG, espousing the same ideology as the PKK, has established control over swathes of northern Syria since war began there in 2011. In a November re-run - following that spate of violence and two major Islamic State bomb attacks - AK Party won comfortably.

☆ England at the 2022 World Cup: who is in Gareth Southgate's 26-man squad?
▼ + stars: | 2022-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Nov 14 (Reuters) - England are looking to win their second World Cup title at the Nov. 20-Dec. 18 tournament in Qatar. * Defenders: Trent Alexander-Arnold (Liverpool), Conor Coady (Everton, on loan from Wolverhampton Wanderers), Eric Dier (Tottenham Hotspur), Harry Maguire (Manchester United), Luke Shaw (Manchester United), John Stones (Manchester City), Kieran Trippier (Newcastle United), Kyle Walker (Manchester City), Ben White (Arsenal). Defenders: John Stones (Manchester City), Harry Maguire (Leicester City), Phil Jones (Manchester Utd), Kyle Walker (Manchester City), Kieran Trippier (Tottenham Hotspur), Gary Cahill (Chelsea), Ashley Young (Manchester Utd), Danny Rose (Tottenham Hotspur), Trent Alexander-Arnold (Liverpool). Midfielders: Eric Dier (Tottenham Hotspur), Jordan Henderson (Liverpool), Dele Alli (Tottenham Hotspur), Jesse Lingard (Manchester Utd), Raheem Sterling (Manchester City), Ruben Loftus-Cheek (Chelsea), Fabian Delph (Manchester City). Forwards: Harry Kane (Tottenham Hotspur), Jamie Vardy (Leicester City), Marcus Rashford (Manchester Utd), Danny Welbeck (Arsenal).

☆ Here's why oil will hit $120 a barrel soon and stay high for the next 2 years
▼ + stars: | 2022-11-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Europe's ban on Russian oil will begin in December, and it could make an already-tight energy market worse. Energy Aspects' Livia Gallarati explained what comes next for the energy crisis and why oil prices could stay around $120 for two years. Among the most near-term risks are European Union sanctions on December 5 that will ban seaborne Russian crude oil imports. Other risks loomSeparate from Europe's sanctions on Russia, China's reopening plans and US reactions to OPEC+ decisions can either keep oil prices muted or push them dramatically higher in 2023. So far this year, China's zero-COVID approach has helped Europe because there's been less competition for Russian energy supplies, as well as supplies from other nations.

☆ After narrowly avoiding the Retail Apocalypse, many companies are once again at risk of bankruptcy — and these 10 may be next
▼ + stars: | 2022-11-10 | by ( Bethany Biron | ) www.businessinsider.com time to read: +1 min

However, the credit rating company said the number of defaults won't reach pandemic level-highs as the industry has "emerged in better shape to meet the growing challenges," analysts wrote in an October report. A clothes shop tries to sell the last of its stock before closing down on February 1, 2012 in Stoke-On-Trent, England. Staffordshire has borne the brunt of the economic downturn with the loss of 21,100 manufacturing jobs which have fallen from 74,200 in 2006/07 to 53,100 in 2010/11, the highest in the UK according to a survey by the GMB union. Christopher Furlong/GettyTheir findings anticipate defaults to rise to 5.5%, up from the current rate of 1%, but still well below 23% in 2020. "As the retail industry squares off for another period of rising defaults over the next 12 months, this time will be markedly different from the last downturn during the pandemic, when defaults skyrocketed," Moody's analysts wrote in the report.

☆ Explainer: Blood, treasure and chaos: the cost of Russia's war in Ukraine
▼ + stars: | 2022-11-10 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +6 min

Following are the main impacts of the war, now in its ninth month:* DEATHThe war has sown death on a level not seen in Europe since World War Two. Besides the military costs, the West has tried to punish Moscow by imposing severe sanctions - the biggest shock to Russia's economy since the 1991 collapse of the Soviet Union. Still the impact on Russia's economy is severe - and not yet fully clear. Shortly after Russia's invasion of Ukraine, international oil prices spiked to their highest levels since the records of 2008. In total, about 52 billion euros in military, financial and humanitarian aid had been pledged by Oct. 3 to Ukraine by countries around the world, according to The Kiel Institute for the World Economy.

☆ Shaving my beard feels different on Election Day 2022
▼ + stars: | 2022-11-09 | by ( Baynard Woods | Baynard Woods Is The Author Of | ) www.nbcnews.com time to read: +7 min

It was only the second time I’d used a blade to scrape away my beard in the last two decades. Now, as many on the political right turn the gender binary and our physical expressions of it into a political platform, face-shaving hits differently. And my parents talked about it in terms of “grooming,” to echo another word increasingly deployed by right-wing gender essentialists. Of course, logical consistency isn’t driving these attacks against trans, queer and nonbinary people — the point is to stoke hatred. By using a fear and hatred of queer, trans and nonbinary people as weapons, many of today’s Republicans are attempting to subject their children and grandchildren are as bullied, insecure and unhappy as they were.

☆ Southampton due to name Jones as manager - Sky Sports
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

Nov 9 (Reuters) - Southampton have agreed a deal to appoint Nathan Jones as their new manager after sacking Ralph Hasenhuettl earlier this week, Sky Sports reported on Wednesday. Welsh manager Jones, 49, has been in charge of Championship side (second tier) Luton Town since 2020, having also been their manager between 2016 and 2019 before leaving to take over at Stoke City. Austrian manager Hasenhuettl, who was appointed at St Mary's in 2018, was dismissed on Monday, a day after their 4-1 home defeat by Newcastle United which left the team in the relegation zone. Reporting by Richard Martin Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. railroads, union extend strike deadline until at least Dec. 4
▼ + stars: | 2022-11-09 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 9 (Reuters) - A group representing major railroads and a union that voted to reject a new contract said Wednesday they had agreed to extend a potential strike deadline until at least Dec. 4. The NCCC said the "extension eliminates the threat of a near-term freight rail service disruption." Another union representing about 4,900 locomotive machinists, roadway mechanics, and facility maintenance personnel on Saturday narrowly ratified the tentative contract agreement. The union was the seventh of 12 to approve the deal, while BMWED and the Brotherhood of Railroad Signalmen (BRS) union, representing more than 6,000 members, voted against the deal. The unions represent 115,000 workers at railroads, including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N) and Kansas City Southern.

☆ Russian weekly consumer prices edge up slightly
▼ + stars: | 2022-11-09 | by ( Marianna Parraga | Brendan O'Boyle | ) www.reuters.com time to read: +3 min

MOSCOW, Nov 9 (Reuters) - Consumer prices in Russia rose slightly for the seventh consecutive week at the start of November, data published on Wednesday showed, as the central bank tries to balance competing inflationary pressures across the economy. Russia's consumer price index rose 0.01% in the week to Nov. 7, the Rosstat federal statistics service said. That was down from a 0.07% rise in prices recorded a week earlier, a trend some analysts said was signs of weakening consumer demand. The central bank targets inflation at 4%. "The main reason behind the downward trend of inflation is the weakening of consumer demand," said analysts at Alfa Bank.

☆ Factbox: List of squads for the 2022 World Cup
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +5 min

Midfielders: Aaron Mooy (Celtic), Jackson Irvine (FC St. Pauli), Ajdin Hrustic (Hellas Verona), Cameron Devlin (Heart of Midlothian), Riley McGree (Middlesbrough), Keanu Baccus (St Mirren). Goalkeepers: Alisson (Liverpool), Ederson (Manchester City), Weverton (Palmeiras). Midfielders: Bruno Guimaraes (Newcastle United), Casemiro (Manchester United), Everton Ribeiro (Flamengo), Fabinho (Liverpool), Fred (Manchester United), Lucas Paqueta (West Ham United). Midfielders: Thomas Delaney (Sevilla), Mathias Jensen (Brentford), Christian Eriksen (Manchester United), Pierre-Emile Hojbjerg (Tottenham Hotspur). JAPANDefender Yuta Nakayama was called up but will miss the World Cup after suffering an Achilles injury.

The same funds averaged a decline of 0.58% in 2021, according to the HSBC data seen by Reuters. HSBC follows eight funds which take long and short positions in Chinese equities. This year, three hit HSBC's global list of the bottom 20 hedge fund performances for the week ending Nov. 4. The $1.9 billion Golden China fund from Greenwoods Asset Management, was down 45% for the year to Oct. 31; the $152 million Zeal China Fund from Zeal Asset Management, was down 38% for the same period; and the $156 million Telligent Greater China fund from Telligent Capital down almost 40%. HFR, another company which tracks hedge fund performance but does not disclose the constituents of its indices, said its index of Chinese hedge funds was down 27% so far this year.

☆ Factbox: Market implications from Tuesday's U.S. midterm elections
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +3 min

NEW YORK, Nov 8 (Reuters) - Investors are turning their focus to Tuesday's midterm elections, which will determine control of the U.S. Congress. Here are some potential market implications from Tuesday's vote:** With a Democrat in the White House, the best market performance has come when Republicans held either the House, Senate or both. The S&P 500 is down 20% this year. Over the past 18 political cycles, the S&P 500 has risen by an average of over 15% in the year following the midterm vote, according to Oxford Economics. A GOP win could also raise expectations for higher defense spending and more favorable legislation for the fossil fuel industry.

☆ An early Twitter investor says Elon Musk is 'straight-up alone' and 'winging' his rapid changes to the social media giant
▼ + stars: | 2022-11-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Sacca, an early Twitter investor, referred to Musk's approach to Twitter as "move fast and alone." Speaking about Musk, Sacca said: "I've recently watched those around him become increasingly sycophantic and opportunistic. Sacca said that Twitter would only succeed if Musk added some "desperately needed nuance." Sacca, who was once one of Twitter's biggest shareholders, has been an outspoken critic of the company over the years. He joked on Monday that he was worried he'd get kicked off the platform for posting the thread about Musk.

These same funds averaged a 0.58% decline in 2021, according to the HSBC data seen by Reuters. HSBC follows eight funds which take long and short positions in Chinese equities. This year, three hit HSBC's global list of the bottom 20 hedge fund performances for the week ending Nov. 4. Net selling of Chinese equities by international active funds totalled around $30 billion over the past year and global hedge fund allocations in Chinese equities have declined from 15% at the 2020 peak to 8% now, Goldman Sachs estimates. HFR, another company which tracks hedge fund performance but does not disclose the constituents of its indices, said its index of Chinese hedge funds was down 27% so far this year.

☆ Albertsons Faces Outrage in Aisle Five
▼ + stars: | 2022-11-07 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

Want to stoke public anger about rising food prices and corporate greed? Supermarket giant Albertsons Cos., which announced a merger agreement with Kroger Co. last month alongside a generous special dividend payout, has unwittingly done just that. The company was due to distribute $4 billion in special dividends to shareholders Monday but was blocked from doing so last Thursday by a Washington state court’s temporary restraining order. Albertsons said it seeks to overturn the restraint as quickly as possible. Attorneys general of California, Illinois and Washington, D.C., also sought a temporary restraining order last week to stop the dividend payout.

☆ U.S. rail union representing 4,900 workers narrowly approves contract
▼ + stars: | 2022-11-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 5 (Reuters) - A labor union representing about 4,900 rail workers said on Saturday that members narrowly ratified a tentative contract agreement with freight railroads in the United States. The union representing locomotive machinists, roadway mechanics, and facility maintenance personnel is the seventh of 12 to approve the deal, while two unions previously voted to reject the national deal announced in mid-September. Last month, the Brotherhood of Railroad Signalmen (BRS) union, representing more than 6,000 members, voted against the deal as did the Brotherhood of Maintenance of Way Employees (BMWED), which represents 11,000 workers. The rail deal included a 24% percent wage increase over a five-year period from 2020 through 2024 as well $1,000 lump sum payments in each of the next five years. The unions represent 115,000 workers at railroads including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N) and Kansas City Southern .

☆ Russian weekly consumer prices edged up in week of central bank rate hold
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

The central bank cautioned that expectations of price rises had grown and that Russia's partial mobilisation could stoke longer-term inflation due to a shrinking labour force. The central bank had cut its key rate six times in a row after an emergency hike to 20% in February when Russia's decision to send troops into Ukraine caused inflation to spike. Russia's consumer price index rose 0.07% in the week to Oct. 31, the Rosstat federal statistics service said. The central bank targets inflation at 4%. Falling living standards have lowered consumer demand, hitting retail sales and leading to an extended period of deflation over the summer.

☆ Russian retail sales fall deeper, jobless rate rises in Sept - data
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

Summary This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Nov 2 (Reuters) - Russian retail sales fell deeper and the jobless rate slightly increased in September, official data from the state statistics service Rosstat showed on Wednesday, after the Kremlin announced its first mobilisation since World War Two. Since September, the Kremlin has called up around 300,000 reservists for what it calls a "special military operation" in Ukraine. Hundreds of thousands have fled the country since then fearing being forced to fight in the conflict. According to Rosstat, Russian retail sales plunged 9.8% in September in year-on-year terms after an 8.8% fall in the previous month and the jobless rate increased to 3.9% of the workforce from August's record low of 3.8%. read moreAccording to Rosstat, real disposable incomes extended their drop this year and fell 3.4% in the third quarter of 2022 in year-on-year terms, after an 8.9% rise in the same period of last year.

☆ Opendoor slashed prices and paid buyers' agents $3,500 a house in a rush to off-load thousands of homes in the third quarter
▼ + stars: | 2022-11-01 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +7 min

Opendoor cut prices and gave incentives in the third quarter, losing cash on much of its inventory. Opendoor has been offering buyers $15,000 credits and their brokers $3,500 bonuses. A decelerating housing market poses a challenge for iBuying companies like Opendoor, which use home-pricing algorithms to purchase homes. In the third quarter, Opendoor sold between 8,100 and 8,550 homes, according to an estimate by Datadoor, a startup that catalogs Opendoor's acquisition and sales activity across the country. The high end of Datadoor's estimate, 8,550 home sales, would be an 18% decrease in the number of sales Opendoor reported for the second quarter and 32% below the first quarter.

☆ Verstappen, Red Bull snub Sky over 'derogatory' comments
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +3 min

Dutch driver Verstappen, who has won a record 14 races in a single season, told reporters there had been "a constant kind of digging, being disrespectful" and especially from one individual. I don't accept it ... you can't live in the past, you just have to move on," the 25-year-old told reporters. There was no immediate comment from Sky, who also have access to interviews carried out by Formula One television. Verstappen won his first championship last year at the Abu Dhabi season-ender, with the Red Bull driver going into the race level on points with Mercedes Lewis Hamilton. Red Bull principal Christian Horner said he took the decision to shun Sky after comments at the U.S. Grand Prix where Red Bull won the constructors' title for the first time since 2013.

☆ How to better your employee experience to avoid a staff of quiet quitters
▼ + stars: | 2022-10-31 | by ( Sponsor Post | Created Slack With Insider Studios | ) www.businessinsider.com time to read: +6 min

A September 2022 poll by Gallup found that "quiet quitters make up at least 50% of the US workforce." For some employers, the concept of quiet quitting might stoke fears of disengaged workers doing the bare minimum. Lead with empathyConsidering how employees' time should be prioritized will help you decide how your team needs to work together. Eliminate meeting fatigueMeeting fatigue is real, and at Slack, we believe there are better ways to communicate than back-to-back meetings. To streamline tasks and free up time for the work that's actually part of your job description, teams turn to Slack workflows.

☆ Russia holds rates at 7.5%, cautions on inflationary effects of mobilisation
▼ + stars: | 2022-10-28 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

Central Bank Governor Elvira Nabiullina, dressed in black with a dab of floral print, said that the bank wanted to give a neutral signal to the market on rates. INFLATIONInflation, which the central bank targets at 4%, stood at 12.9% as of Oct. 24, according to the economy ministry. The central bank tweaked its year-end inflation forecast to 12-13% from 11-13%. "According to the Bank of Russia's forecast, given the monetary policy stance, annual inflation will drop to 5.0–7.0% in 2023 to return to 4% in 2024." The central bank improved its GDP forecast for this year to a contraction of 3-3.5% from an expected 4-6% decline previously.

☆ Putin says West is playing dangerous geopolitical game
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

Summary Putin: West is playing a dangerous gamePutin: West will have to talk to RussiaPutin: scolds West for arrogant colonialismRussia is not the West's enemyMOSCOW, Oct 27 (Reuters) - Russian President Vladimir Putin scolded the West on Thursday for playing what he cast as a "dangerous, bloody and dirty" geopolitical game, but said the United States and its allies would ultimately have to talk to Russia. "Power over the world is what the so-called West has put on the line in its game - but the game is dangerous, bloody and I would say dirty," Putin told the Valdai Discussion Club. Quoting a 1978 Harvard lecture by Russian dissident Alexander Solzhenitsyn, Putin said the West was openly racist and looked down on other peoples of the world. "Confidence in their infallibility is a very dangerous state," Putin said, adding that Russia would never accept the West trying to tell Russia how to act. Still, speaking to experts from 44 different countries, Putin said that Russia did not consider itself an enemy of the West.

☆ Australia inflation races to 32-year high, sounds rate alarm
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: 1 min

SYDNEY, Oct 26 (Reuters) - Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, an alarming result that will stoke pressure for a return to more aggressive rate hikes by the country's central bank. Data from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) jumped 1.8% in the September quarter, topping market forecasts of 1.6%. The annual rate shot up to 7.3%, from 6.1%, the highest since 1990 and almost three times the pace of wage growth. A closely watched measure of core inflation, the trimmed mean, also climbed 1.8% in the quarter, lifting the annual pace to 6.1% and again far above forecasts of 5.6%. Reporting by Wayne Cole; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

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