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☆ India's retail inflation rate likely peaked in September - analysts
▼ + stars: | 2022-10-13 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 13 (Reuters) - India's consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, analysts said. India's annual retail inflation accelerated to a five-month high of 7.41% in September from 7% in the previous month, data released on Wednesday showed. Food inflation, which accounts for nearly 40% of the CPI basket, rose 8.60% in September, compared to 7.62% in August. However, helped partially by easing global commodity prices, India's inflation rate should moderate from here, likely reaching "a tad below" the 6% mark by February or March, Morgan Stanley said in a note. Credit Suisse said that the October inflation rate will likely be 1% lower given a higher base, especially for food prices.

☆ Electric vehicles will become power plants on wheels by providing backup power for homes and the grid
▼ + stars: | 2022-10-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Electric vehicles in the coming years will be capable of powering homes and the grid. Backup power from EVs can help during storms and support electric grids strained by extreme weather. A new business unit, GM Energy, has a line of electric-vehicle chargers that can also feed power back to homes and the electric grid. "There's a value stack in EV batteries: supporting the grid, serving as backup power for your home, and also reducing greenhouse-gas emissions." The Ford F-150 Lightning also has bidirectional charging, which proved useful after Hurricane Ian pummeled southwest Florida's power grid.

The families claimed Jones profited off the lies while they were harassed and abused by those who believed him. This is the second trial related to his Sandy Hook conspiracy theories. In August, a Texas jury ordered Jones to pay nearly $50 million in damages to Scarlett Lewis and Neil Heslin, whose son Jesse was killed in the massacre. “Every single one of these families were drowning in grief, and Alex Jones put his foot right on top of them." A defiant Jones said he believed Sandy Hook was a hoax when he spread his lies.

☆ Bridgewater's co-CEO explains how the hedge fund, famous for its brutally honest culture, will evolve for the next generation of employees
▼ + stars: | 2022-10-12 | by ( Alyson Velati | ) www.businessinsider.com time to read: +4 min

Co-CEO Nir Bar Dea is already making changes to its famously radically transparent culture. Bridgewater Associates' co-CEO Nir Bar Dea is looking to make some changes to its controversial culture as founder Ray Dalio takes a step back. "The ideas are different," Dea said speaking at the Bloomberg Invest event Wednesday. Changing the culture for the next generationThe culture changes are already underway, said Dea. In a tweet last week, Ray Dalio said that he would give up control of the $150 billion hedge fund.

In an interview with the Los Angeles Times, Monae said she uses both she/her and they/them pronouns. Jerrod CarmichaelJerrod Carmichael accepts Outstanding Writing for "Jerrod Carmichael: Rothaniel" at the 74th Primetime Emmys in Los Angeles, on Sept. 12, 2022. Charlee CorraCharlee Corra speaks at Human Rights Campaign dinner on March 12, 2022 in Los Angeles. Ellia GreenEllia Green, right, with his partner Vanessa Turnbull-Roberts and their daughter in Sydney, Australia, on Aug. 15, 2022. Blair came out publicly this year after serving as a consultant for Amazon Prime’s very queer TV reboot of the decades-old film.

☆ GM is starting an energy storage subsidiary to take on the Tesla Powerwall
▼ + stars: | 2022-10-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The new business unit, called GM Energy, will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 divisions. Ultium Home and Ultium Commercial will, as their names imply, supply energy storage for homes and businesses, respectively. GM Energy will also be involved with hydrogen fuel cells and solar energy products, GM said in its announcement. GM Energy will work with California’s Pacific Gas and Electric on a pilot program to test the concept using GM electric vehicles starting in 2023, GM said in the announcement. The new subsidiary is also working with solar energy provider SunPower, which will install solar panels on customers’ homes, GM said.

☆ China's 'liberal' Wang Yang seen as possible premier as reshuffle looms
▼ + stars: | 2022-10-11 | by ( James Pomfret | ) www.reuters.com time to read: +4 min

During his time in Guangdong, which borders Hong Kong, Wang made his mark by pushing an upgrade of rusting industries and touting socially inclusive policies. Wang was passed over for promotion to the Politburo Standing Committee in 2012, but as vice premier he helped oversee China's external economic relations including with the United States. YOUTH LEAGUELike Li Keqiang and Vice Premier Hu Chunhua - another premiership contender - Wang has ties to the Communist Youth League, a faction seen to be a rival to Xi's. In recent years under Xi, Wang has seemingly tempered his reformist tendencies, echoing the party's tough line on sensitive political issues including Taiwan, Xinjiang and Tibet, while expressing support for Xi. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Pomfret; Editing by Tony Munroe and Lincoln Feast.

☆ Ray Dalio on stepping away from Bridgewater: 'I love the investment game, so I'll keep playing it'
▼ + stars: | 2022-10-11 | by ( Rebecca Ungarino | Alyson Velati | ) www.businessinsider.com time to read: +4 min

Ray Dalio, founder of Bridgewater Associates, said he's not ready to stop investing just yet. "I love the investment game, so I'll keep playing it. Dalio said in a tweet last week that he would give up control of the $150 billion hedge fund. Bridgewater's investment strategy is being led by the co-chief investment officers Greg Jensen and Bob Prince. Murray claimed that Bridgewater withheld up to $100 million in deferred compensation after she told regulators about the gender-discrimination dispute.

☆ A 55-year-old who never made more than $52,000 a year built a 25-unit real estate portfolio in 5 years and is now financially independent: 'If I can do it as a basic blue-collar worker raising a famil
▼ + stars: | 2022-10-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

A former cop who never earned more than $52,000 built a 25-unit real estate portfolio. He spends time managing his investments, including a 25-unit real estate portfolio, which Insider verified. Here's how Mark built a 25-unit real estate portfolio in just five years on a salary that never exceeded $52,000 a year. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "At that time, I had not read any real estate books, I had not watched any YouTube videos, and I really didn't know anything about buying real estate," said Mark.

☆ Jennifer Lawrence returns to indie roots with post-hiatus 'Causeway'
▼ + stars: | 2022-10-08 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

LONDON, Oct 8 (Reuters) - Oscar-winner Jennifer Lawrence plays a soldier struggling with PTSD and past trauma in "Causeway", an indie drama which also marks the Hollywood star’s debut as a producer. The film sees Lawrence's character, Lynsey, returning from Afghanistan with a debilitating brain injury sustained in an attack. Cast member Jennifer Lawrence attends the world premiere of "Causeway" at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 10, 2022. REUTERS/Mark Blinch"So I felt adamant that I really, really want to make this. Register now for FREE unlimited access to Reuters.com RegisterReporting by Hanna Rantala; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Oct 7 (Reuters) - An appeals court on Friday temporarily blocked Arizona from enforcing a 1901 ban on nearly all abortions in the state, overruling a trial court's decision last month to let the ban proceed. The Arizona Court of Appeals granted Planned Parenthood's request for an emergency stay of Pima County Superior Court's ruling on Sept. 23 that lifted an injunction on the ban. The appeals court said the abortion-rights advocacy group "demonstrated a substantial likelihood of success" in its challenge of that decision. Planned Parenthood said in a statement the decision by the appeals court "brings temporary respite to Arizonans" and would allow the group to resume abortion care services while the legal proceedings continue. Democrats are increasingly hopeful the Supreme Court decision will boost voter support in November's midterm elections, with the party's control of both the House of Representatives and the Senate at stake.

Oil prices rose around 4% on Monday morning. Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. "A further uptick in trading activity coupled with tightening near-term oil fundamentals could well push oil prices back to $100/bbl," Brennock said in a research note. Storage tanks and oil processing facilities operate beside the Arabian Sea at Saudi Aramco's Ras Tanura oil refinery and terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. The upcoming OPEC+ meeting in Vienna will result in an oil production cut "of some historic kind", said CIO of Pickering Energy Partners, Dan Pickering.

☆ Russia set to annex Ukraine territory; West warns of new sanctions
▼ + stars: | 2022-09-29 | by ( Jonathan Landay | ) www.reuters.com time to read: +6 min

Register now for FREE unlimited access to Reuters.com RegisterThe Russian-installed administrations of the four provinces have formally asked Putin to incorporate them into Russia, which Russian officials have suggested is a formality. Kremlin spokesman Dmitry Peskov said Russia would need to keep fighting until it had taken control of all of Donetsk. Russia has announced it will mobilise some 300,000 reservists to bolster its forces in Ukraine. On the ground, Ukraine and Russian forces are engaged in heavy fighting in the four disputed provinces. The Nord Stream 1 pipeline, once the main route for Russian gas to Germany, was already shut but cannot now be easily reopened.

☆ Oil and gas are making a comeback — and these mutual funds are jumping on the trend, says Morningstar
▼ + stars: | 2022-09-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The S & P 500's oil and gas sector has risen by nearly 30% this year while the broader market has sold off. Here's a selection of funds that Morningstar says have recently bought oil and gas stocks. BlackRock BGF World Energy It's not just the diversified funds that are making significant moves within the energy sector, however. A 'completely missing' picture Shares in nearly all oil and gas companies have fallen over the past three months following a decline in crude oil prices. Why have funds avoided oil & gas in the past?

☆ India's massive card security deadline unlikely to be extended
▼ + stars: | 2022-09-28 | by ( Nupur Anand | ) www.reuters.com time to read: +3 min

MUMBAI, Sept 28 (Reuters) - India's central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers' credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. The Reserve Bank of India (RBI) did not respond to an email request for comment. Three years ago, India embarked on a mammoth exercise to secure card data by requiring businesses to tokenise cards by Sept. 30. Merchant associations have also reached out to the central bank to see if they can be given more time. Fraud concerning card or internet transactions have been on a rise and made up 34.6% of total number of fraud cases in FY21, according to central bank data.

☆ BlackBerry takes a knock as cybersecurity revenue drop clouds automotive demand
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

A sign is displayed on the building Blackberry's offices in Waterloo, Ontario, Canada, May 29, 2018. The company said in an earnings call that cybersecurity segment revenue in the third quarter is expected to be flat year-on-year. BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, helped by surging demand for electric vehicles and connected-car technologies. read moreTotal revenue fell 4% to $168 million for the quarter ended Aug. 31, compared with a consensus estimate of $166.7 million, according to IBES data from Refinitiv. Excluding items, the company posted a loss of 5 cents per share, narrower than analysts' expectations of loss of 7 cents.

☆ Analysis: Loonie bulls reel as Bank of Canada trails Fed on terminal rate bets
▼ + stars: | 2022-09-27 | by ( Fergal Smith | ) www.reuters.com time to read: +4 min

A Canadian dollar coin, commonly called a "loonie," and an American dollar bill are seen in this staged photo in Toronto, March 17, 2010. ,A lower terminal rate for the BoC than the Fed is not uncommon, but it threatens to pour cold water on Canadian dollar bulls' expectations that interest rate differentials would help underpin the currency over the coming year. The Canadian dollar has weakened 7.5% against the greenback since the start of the year. Canada's housing market has slowed rapidly in recent months, while its share of the economy, at 9%, is nearly twice that of the U.S. housing market. "Canada's economy is simply more interest rate sensitive than the U.S. economy," said Royce Mendes, managing director and head of macro strategy at Desjardins.

☆ Global rates, retail banking included in Bank of England stress test
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/File PhotoLONDON, Sept 26 (Reuters) - Banks' ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year's "stress test", the Bank of England said on Monday. It will test "ring-fenced" retail arms of banks on a standalone basis for the first time, the BoE said. There will be a separate stress test of misconduct costs. The test has no pass or fail mark but a bespoke "hurdle" for each bank.

☆ How Bryan Lourd became one of the most powerful people in the history of Hollywood
▼ + stars: | 2022-09-25 | by ( Alex Sherman | ) www.cnbc.com time to read: +18 min

Lourd, 61, isn't a household name, but he wields a stunning amount of influence in Hollywood. Lourd's Hollywood clients aren't just A-listers, they're A+-listers: Brad Pitt. An old-fashioned talent agent who loves discussing old movies and doesn't mind pointing out the flaws in his own clients' work, Lourd has become arguably the most powerful person in Hollywood. "He's one of the most powerful people in the history of Hollywood," said Netflix co-CEO Ted Sarandos. But Lourd's clients are such bankable stars that it's equally important for Hollywood executives to be friendly with him as it is beneficial for Lourd and CAA.

☆ Kenya's Kipchoge shatters marathon world record in Berlin
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +3 min

Athletics - Berlin Marathon - Berlin, Germany - September 25, 2022 Kenya's Eliud Kipchoge celebrates as he wins the Berlin Marathon and breaks the World Record REUTERS/Fabrizio BenschBERLIN, Sept 25 (Reuters) - Kenya's Eliud Kipchoge shattered his own marathon world record on Sunday, winning the Berlin race with a time of 2:01.09 to shave half a minute off his previous world best set in the German capital four years ago. "I am happy with my preparation and I think I was so fast because of the teamwork," Kipchoge said. Belihu finally dropped back around the 27 kilometre-mark as Kipchoge pushed on for the record. Passing through the city's iconic Brandenburg Gate just as the sun started to emerge, a beaming Kipchoge crossed the finish line to set another record. Asked whether he would attempt a sub-two hour run in Berlin next year, Kipchoge said: "Let us plan for another day.

☆ Arizona is using a 121-year-old law — written more than a decade before it achieved statehood — to enforce a near-total abortion ban
▼ + stars: | 2022-09-24 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

An Arizona judge on Friday ruled in favor of a 1901 law that would ban nearly all abortions in the state. The only exemption to the abortion ban is if the mother's life is in danger. The law banning abortion was created more than a decade before Arizona became a state in 1912. The decision came one day before a new law banning abortion after 15 weeks of pregnancy was set to take effect in the state. In March, the governor wrote a letter: "In Arizona, we know there is immeasurable value in every life – including preborn life.

FILE PHOTO - Fencing including razor wire forms a barrier to the Arizona state Capitol complex after it was installed following protests against the United States Supreme Court after it overturned the landmark Roe v Wade abortion decision, in Phoenix, Arizona, U.S. June 27, 2022. Pima County Superior Court Judge Kellie Johnson granted a request by the state's Republican attorney general to lift a court injunction that had barred enforcement of Arizona's pre-statehood ban on abortion after the U.S. Supreme Court ruled in Roe v. Wade in 1973. The Supreme Court in June overturned the right to abortion it had recognized in the landmark 1973 Roe v. Wade ruling. Democrats have been eager to cast Republicans as extreme on the abortion issue since the U.S. Supreme Court in June overturned Roe v. Wade and many states began enforcing abortion bans. Democrats are increasingly hopeful the Supreme Court decision will boost voter support in the midterm elections, with its control of both the House of Representatives and the Senate at stake.

☆ GOP unveils 'Commitment to America' platform, passing off stock footage of Russia and Ukraine as the US and a Lehman Brothers ad as a quote by Lincoln
▼ + stars: | 2022-09-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Footage from the video passes off stock images of Ukraine and Russia as the US, HuffPost reported. In a letter to House members, Minority Leader McCarthy also used a quote wrongly attributed to Lincoln, Daily Beast reported. Several images were created by Serg Grbanoff, a filmmaker based in Russia, HuffPost reported, who confirmed to the outlet the images were created in the Volgograd region of his home country. "Interesting how you guys aren't remotely interested on the issues facing the American people in the video," McCarthy spokesman Mark Bednar told HuffPost when asked about the stock footage. "Commitment is what transforms a promise into reality," the letter reads, attributing the quote to the nation's 16th president.

☆ Arizona Judge Allows Near-Total Abortion Ban Blocked for 50 Years
▼ + stars: | 2022-09-23 | by ( Laura Kusisto | Jennifer Calfas | ) www.wsj.com time to read: 1 min

Demonstrators in favor of abortion rights at the Arizona Capitol in Phoenix in June, after the decision overturning Roe v. Wade. An Arizona state court judge lifted a 50-year-old block on a 19th-century law banning nearly all abortions in the state Friday, ending three months of confusion about the legality of the procedure in the state. Pima County Superior Court Judge Kellie Johnson said in her ruling that a previous decision blocking enforcement of the state’s pre-Roe v. Wade ban must now be vacated since the U.S. Supreme Court overturned Roe, the 1973 decision that created a federal constitutional right to an abortion. Arizona Attorney General Mark Brnovich , a Republican who filed a motion in mid-July asking a court to lift the injunction on the law, shared a copy of the judge’s decision.

☆ Arizona Can Enforce Near-Total Abortion Ban Blocked for 50 Years, Judge Rules
▼ + stars: | 2022-09-23 | by ( Laura Kusisto | Jennifer Calfas | ) www.wsj.com time to read: 1 min

An Arizona state court judge lifted a 50-year-old block on a mid-19th-century law banning nearly all abortions in the state Friday, ending three months of confusion about the legality of the procedure in the state. Pima County Superior Court Judge Kellie Johnson said in her ruling that a previous decision blocking enforcement of the state’s pre-Roe v. Wade ban must now be vacated since the U.S. Supreme Court overturned Roe, the 1973 decision that created a federal constitutional right to an abortion. Arizona Attorney General Mark Brnovich , a Republican who filed a motion in mid-July asking a court to lift the injunction on the law, shared a copy of the judge’s decision.

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