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☆ MLB roundup: Guardians rally in 9th to stun Yankees
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +5 min

[1/5] May 1, 2023; Bronx, New York, USA; Cleveland Guardians first baseman Josh Naylor (22) hits a two run single in the ninth inning against the New York Yankees at Yankee Stadium. After Peralta struck out Andres Gimenez, Zunino fouled off three straight pitches before drawing a walk on a low pitch. It was his third career multi-home run game. Atlanta starter Spencer Strider (4-0) pitched five innings and allowed four runs on five hits, three walks and eight strikeouts. Lane Thomas homered with two outs in the second inning for Washington's run.

☆ Biden administration to send 1,500 troops to southern border for support roles ahead of expected migrant surge
▼ + stars: | 2023-05-02 | by ( Natasha Bertrand Priscilla Alvarez Haley Britzky | Natasha Bertrand | Priscilla Alvarez | ) edition.cnn.com time to read: +4 min

As they’ve done before, the troops would serve in administrative roles and not perform any law enforcement function, the sources said. “At the request of DHS, DOD will provide a temporary increase of an additional 1,500 military personnel, for 90 days, to supplement CBP efforts at the border. These 1,500 military personnel will fill critical capability gaps, such as ground-based detection and monitoring, data entry, and warehouse support, until CBP can address these needs through contracted support. They will not be doing any law enforcement work,” a US official said in a statement. Austin approved a deployment of 2,500 troops to the border, who remain there now, and the 1,500 troops are expected to join them in the coming days.

☆ Title 42: Why the Biden administration expects a surge at the US-Mexico border next week
▼ + stars: | 2023-05-02 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

Migrant surge expectedThe surge of migrants is expected because Title 42, the Trump-era policy that allowed the government to quickly turn away certain migrants at the border during the Covid-19 pandemic, is expiring. These deployments are not unprecedented in recent years, but this one is notable since it coincides with an expected surge of border encounters. Biden administration’s plan to discourage border crossingsThe administration has tried to discourage migrants from simply crossing the border and promised that people apprehended will be turned away and potentially barred from reentry. Anger from New York’s mayorTexas has been transporting thousands of migrants to cities like New York, Chicago and Washington, DC. “Governor Abbott sent asylum seekers to NY – Black mayor; to Washington – Black mayor; to Houston – Black mayor; to Los Angeles – Black mayor; to Denver – Black mayor.

☆ Wall Street's most important workers you've never thought of
▼ + stars: | 2023-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

And on Wall Street, where the volume of information continues to rise, application design and user interface is taking center stage. User interface and user experience have long been underappreciated in finance, which is ironic considering the public nature of the work. Read more about Citadel X, the $57 billion hedge fund's user experience and interface team. If you're still trying to understand the collapse of yet another regional bank, we've got you covered. The German bank is building out its investment bank as it eyes a potential return of M&A, the Financial Times reports.

☆ MLB roundup: Padres prevail in offensive showcase in Mexico City
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +14 min

Trent Grisham hit a two-run double to increase the Padres' lead to 14-11 in the eighth. Machado had three hits with three RBIs and four runs, while Thairo Estrada had four hits and three RBIs for the Giants. Andujar went 2-for-3 with three RBIs, while Connor Joe went 1-for-4 with a solo homer and two runs for Pittsburgh. Patrick Corbin (1-4) gave up three runs on seven hits with two strikeouts and a walk in 5 1/3 innings. Nationals starter Chad Kuhl (0-2) allowed eight runs on seven hits with four strikeouts and four walks in just 3 2/3 innings.

☆ Erling Haaland scores his 50th goal of the season and equals an English Premier League record
▼ + stars: | 2023-04-30 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

Arguably no player has made such an impact in his first season in the English Premier League. No Premier League player has ever scored as many. Only Everton’s Dixie Dean, who scored 63 goals in the 1927/28 season, has scored more goals in English football during a single top-flight campaign, according to the Premier League. The penalty was his 34th goal in the league, equaling Alan Shearer (1994-95) and Andy Cole (1993-94) for the most goals scored in a Premier League season. City still has hopes of completing the ‘treble’ as Pep Guardiola’s side remains in contention to win the league, the FA Cup and the Champions League.

☆ Consultancies are coming off a pandemic boom. Are they still worth hiring?
▼ + stars: | 2023-04-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +9 min

Management consultancies helped design vaccination programs during the pandemic and are currently providing advice on how to rescue one of the world’s biggest banks. The $230 billion management consulting industry is a broad church: it includes companies offering everything from project management expertise to designing new organizational structures. Many big firms — think EY and KPMG — also conduct audits and advise on their clients’ tax issues, though these services are generally seen as distinct from their consulting work. In The Big Con, published in February, prize-winning economist Mariana Mazzucato and her co-author Rosie Collington argue that management consultancies “infantilize” governments by keeping them dependent on their services. Nearly 80% of firms surveyed globally have told the think-tank that consultants’ work is either of high or very high quality, she noted.

☆ CFOs Focus on Building Resilient Supply Chains, Even as Pandemic Disruptions Fade
▼ + stars: | 2023-04-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +1 min

An uncertain economic environment means third parties in Conagra’s supply chain sometimes require extra assistance. Photo: Justen Williams for The Wall Street JournalAs if finance chiefs didn’t have enough on their plates before the pandemic, surging shipping costs, freight logjams and factory disruptions in China over the past few years have laid bare their need to adapt and step up their involvement in boosting supply-chain resilience. “Supply chain is obviously always an important part for us,” said Conagra Brands Inc. Chief Financial Officer Dave Marberger . At roughly $9 billion, it is the single biggest line item when looking at the cost of goods sold for the Chicago-based food manufacturer, which makes Hunt’s ketchup, Healthy Choice frozen meals and Slim Jim meat sticks. “But obviously with Covid and the significant impact it’s had on supply chain, it’s been even more of a priority for me.”

☆ Coca-Cola’s CFO Expects to Slow Price Hikes as Inflation Cools
▼ + stars: | 2023-04-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

Coca-Cola is using lessons learned over the past few years with the pandemic to keep up with and pivot based on consumer preferences. Photo: Gene J. Puskar/Associated PressAfter increasing prices last year and into 2023 to offset the impact of inflation, Coca-Cola Co. is expecting to slow price hikes later this year. The Atlanta-based beverage giant anticipates that inflationary pressures will moderate this year, particularly in the second half of 2023, and that means it will institute fewer price increases. “Our approach to pricing, whether it’s in inflationary times or not, is to make sure that we keep pace with inflation,” said President and Chief Financial Officer John Murphy . “Our pricing in 2022 and even in some markets in the early part of 2023 reflects that.”

☆ Alaska Air Readies for Busy Travel Season—and Volatile Fuel Costs and Weather Disruptions
▼ + stars: | 2023-04-26 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

An Alaska Airlines plane at Los Angeles International Airport (LAX). Photo: DANIEL SLIM/Agence France-Presse/Getty ImagesAlaska Air Group Inc. is preparing for a busy travel season this summer, as airlines generally continue to benefit from a healthy appetite for travel after the Covid-19 pandemic rocked the industry. But with uncertainties remaining, including the potential for travel pullback due to fears of a recession, slowed business travel as companies look to cut costs and weather that disrupts flights, Alaska Air Finance Chief Shane Tackett is readying for what may come.

☆ They found a hole in the ocean near Mexico, and you could fit all of Bank of America's skyscraper HQ into it — but don't do that because it's an ecological marvel
▼ + stars: | 2023-04-24 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +3 min

There's a 900-foot deep hole, now called The Taam ja' Blue Hole, off the Eastern coast of Mexico. The deepest is the Sansha Yongle Blue Hole near China. The Taam ja' Blue Hole is full of marine life. The deepest is the Sansha Yongle Blue Hole near China. The Taam ja' Blue Hole is 900 feet deep, a new study found.

☆ Bed Bath & Beyond files for bankruptcy protection after long struggle, begins liquidation sale
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

April 23 - Bed Bath & Beyond Inc (BBBY.O) filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to secure funds to stay afloat, and has begun a liquidation sale. In February, the embattled retailer had planned to raise around $1 billion through the offering of preferred stock and warrants to avoid bankruptcy. But Bed Bath terminated the deal in late March and announced plans to sell $300 million worth of its shares, warning it might have to file for bankruptcy if it could not secure the funds. In February, according to a court filing, Bed Bath & Beyond's Canadian operations were going out of business. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed.

☆ MLB roundup: Cubs' Drew Smyly flirts with perfection vs. Dodgers
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +11 min

Los Angeles starter Julio Urias (3-2) allowed five runs, seven hits (including two homers) and two walks in 3 1/3 innings. Seven of Urias' 10 earned runs allowed this season have come against Chicago. Philadelphia starter Aaron Nola tossed a season-high seven innings and allowed four hits and three runs with three strikeouts and three walks. Pittsburgh starter Mitch Keller (2-0) allowed two runs and four hits in six innings, with five strikeouts and a walk. Pivetta (1-1) allowed three runs on seven hits in 5 2/3 innings, striking out seven with one walk.

☆ SVB CEO, CFO resign, company appoints turnaround expert as interim finance head
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - SVB Financial Group's CEO and chief financial officer resigned this week while the collapsed lender's restructuring committee appointed a turnaround expert as interim CFO, according to a regulatory filing on Friday. CEO Gregory Becker resigned on April 19, while finance chief Daniel Beck left the company on April 18, SVB said. The two top executives were sued in March by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit "particularly susceptible" to a bank run. The restructuring committee appointed Nicholas Grossi of A&M as the company's interim chief financial officer on April 20, according to the filing. The regulators then agreed to backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire Silicon Valley Bank.

☆ SVB says CEO, CFO resigned this week
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - SVB Financial Group CEO Gregory Becker and financial chief Daniel Beck resigned this week, the collapsed lender said in a regulatory filing on Friday. Becker resigned on April 19, while Beck left the company on April 18, SVB said. The two top executives were sued in March by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit "particularly susceptible" to a bank run. The restructuring committee appointed Nicholas Grossi of A&M as the company's interim chief financial officer on April 20, according to the filing. The regulators then agreed to backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire Silicon Valley Bank.

☆ MLB roundup: Clayton Kershaw blanks Mets, gets 200th win
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +13 min

Martinez hit two home runs in his first multi-homer game with the Dodgers and the 19th of his career. In addition to his milestone win, Kershaw (3-1) also improved to 11-0 in 17 career regular-season starts against the Mets. Mets starter Tylor Megill (3-1) gave up three runs on seven hits over five innings. Bassitt (2-2) allowed three hits and walked one batter while notching five strikeouts in 6 1/3 innings. Philadelphia chased Lance Lynn (0-2) with one out in the sixth; he allowed five runs on 10 hits, fanning seven.

☆ Swiss government awards $9.7 mln contract related to Credit Suisse - UBS merger
▼ + stars: | 2023-04-17 | by ( Oliver Hirt | ) www.reuters.com time to read: +2 min

[1/2] The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoZURICH, April 17 (Reuters) - The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse (CSGN.S), according to state procurement platform Simap.ch on Monday. Swiss authorities last month engineered a takeover of struggling Credit Suisse by rival UBS (UBSG.S) that included over 200 billion francs in financial guarantees. The Ministry of Finance will pay up to CHF 10.3 million for this service. ($1 = 0.8965 Swiss francs)Writing by Noele Illien; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Did you 'quiet quit'? Here's how to bounce back and regain motivation at work, according to a career coach.
▼ + stars: | 2023-04-15 | by ( Grace Mayer | ) www.businessinsider.com time to read: +6 min

Career coach Octavia Goredema shared tips on how to re-engage in your career after quiet quitting. If you've "quiet quit" your job, Goredema has tips on how you can reframe your mindset to feel motivated in your career once again. Thomas Barwick/Getty ImagesZoom out and reset your perspectiveTo bounce back from "quiet quitting," Goredema said you must first reframe your perspective. If you're burned out, you're likely focused on what isn't currently working in your job or career, Goredema said. Set 'career commitments'Once employees have reframed their headspace, Goredema said employees should focus on setting "career commitments," or consistent changes that reframe an employee's approach to work.

☆ U.S. Buyback Tax Could Hit More Foreign Firms Than First Expected
▼ + stars: | 2023-04-14 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: 1 min

Danish pharmaceutical company Novo Nordisk last month sent a comment letter to the Treasury Department objecting to two rules set out in December guidance on the 1% tax on stock buybacks. The U.S.’s new tax on stock buybacks has created a potential pain point for foreign companies: Those with stateside subsidiaries may find they are subject to the 1% levy on share repurchases. As initially written, the 1% tax on buybacks, which went into effect Jan. 1, would hit foreign companies in limited circumstances. Guidance from the government released in late December, however, changed expectations about the potential impact on foreign companies, stirring comment letters from businesses including Danish drugmaker Novo Nordisk A/S and groups representing multinational companies and global manufacturers.

☆ Hasbro Hires Harley-Davidson CFO to Lead Its Finances
▼ + stars: | 2023-04-12 | by ( Jennifer Williams-Alvarez | Sabela Ojea | ) www.wsj.com time to read: 1 min

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☆ MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +11 min

Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.

☆ Diaz to make boxing debut against Paul
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - YouTuber-turned-boxer Jake Paul and ex-UFC fighter Nate Diaz will meet in a boxing match on Aug. 5 in Dallas, organisers said on Wednesday. Diaz is an accomplished boxer who competed in the Ultimate Fighting Championship (UFC) until last year, where he twice fought former UFC champion Conor McGregor, while Paul boasts 20 million YouTube subscribers and has competed in seven professional fights since 2019. I'm the king of combat sports and then I'm headed back to get my UFC belts," Diaz was quoted as saying by Paul's promotion company Most Valuable Promotions. Paul, 26, will return to action after suffering the first loss of his boxing career at the hands of Tommy Fury in February. "My last fight didn't end the way I wanted, but the result was the best thing that could have happened to my professional boxing aspirations," Paul said.

☆ MLB roundup: Solo HR sends Rays to 10-0
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +11 min

Muncy also singled, all after Mookie Betts had led off the game with his second homer of the season for the Dodgers, who snapped a three-game losing streak. Reds starter Graham Ashcraft allowed two runs on six hits in six innings with seven strikeouts and three walks. Ryan Mountcastle drilled a two-run homer in the first inning and Austin Hays added a solo shot in the sixth. Alvarez drove in two runs to boost his major-league-leading RBI total to 16, plating a pair in the second inning with a single. Jake Cave hit a solo homer and double while Nick Castellanos added three hits and three RBIs.

BUENOS AIRES, April 10 (Reuters) - Argentina has patched up its wobbly economy with a so-called "soy dollar" preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily. "The 'farm dollar' will not create extra foreign currency, but at least will accelerate it coming in and so provide temporary relief," said economist Gustavo Ber, adding that foreign currency reserves had hit "critical levels." Reuters Graphics Reuters GraphicsThe so-called "soy dollar" was used twice last year and did help create a boost in exports, at least in the short-term helping ease availability of foreign currency. "This new measure aims to buy two months, which in the current context is not insignificant," Geretto told Reuters. Reporting by Walter Bianchi and Anna-Catherine Brigida; Editing by Adam Jourdan and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ MLB roundup: Rays crush A's, run opening win streak to 9
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +11 min

The Rays' matched the 2003 Kansas City Royals for the hottest streak to start a season in baseball's wild-card era. The Rays' plus-57 run differential through nine games is the largest ever in MLB since 1900. Padres starter Seth Lugo (2-0) gave up one run on five hits and four walks with five strikeouts over six innings to earn the win. Chicago starter Michael Kopech (0-2) gave up one run and two hits in six innings, with three walks and five strikeouts. Rangers starter Jon Gray (1-1) allowed Edwin Rios' two-run homer in the second inning.

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