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☆ Morning Bid: Quietly absorbing one more Fed hike
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +5 min

A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. Early Tuesday, futures priced almost a two-thirds chance of that additional quarter-point move in November. And yet - perhaps with the uncertainty dissipating, the economy still robust and bond markets better priced - world markets appear to be taking the tighter odds in their stride. More impressively in the circumstances, restive bond markets calmed down and bond yields continued to dial back from their highest in over a decade last week. Asia bourses more widely and European indices were higher, while Wall St futures were flat ahead of the open.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Jackson, Gina Raimondo, China's, Idalia, Michael Barr, JM Smucker, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Atlanta, Overseas, U.S . Commerce, Garden Holdings, Wall, U.S, Dallas Fed, Federal, Treasury, HP, Reuters Graphics, Reuters Graphics Reuters, Thomson, Reuters Locations: New York, U.S, Washington, Beijing, China, HK, Asia, Florida's, Coast, Cuba

☆ Jamila Robinson Is Named Next Editor of Bon Appétit Magazine
▼ + stars: | 2023-08-28 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

Jamila Robinson, a top editor at The Philadelphia Inquirer, will be the next editor in chief of the food magazine Bon Appétit. Ms. Robinson is the assistant managing editor for food and culture at The Inquirer, which she joined in 2020. She was previously an editorial director at Atlantic Media and has also worked at the USA Today Network, The Atlanta Journal-Constitution and The Detroit Free Press. Ms. Robinson recently served as chair of the James Beard Foundation’s Journalism Awards Committee and is a chair for the World’s 50 Best Restaurants annual list. Anna Wintour, Condé Nast’s chief content officer and global editorial director of Vogue, described Ms. Robinson in a statement as “a community builder and a major editorial talent,” as well as “an absolute star in the kitchen.”

Persons: Jamila Robinson, Condé Nast, Bon Appétit, Robinson, James Beard Foundation’s, Anna Wintour, Condé Organizations: Philadelphia Inquirer, Vogue, Atlantic Media, USA Today Network, The Atlanta, Detroit Free Press

☆ Trump federal election trial set for March 4, 2024
▼ + stars: | 2023-08-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

"In our judgment, that trial date is inconsistent with President Trump's right to due process and the right to effective assistance of counsel," Lauro said in the hearing. But Trump's proposal for an April 2026 trial date went "far beyond what is necessary," the judge said, NBC News reported. A federal judge on Monday set a March 4, 2024, trial date in former President Donald Trump 's criminal election interference case, putting the top Republican presidential candidate on trial in Washington, D.C., seven months before the 2024 general election . Trump, a top Republican presidential candidate who is facing four separate criminal cases, has sought to move his trials past the November 2024 election. Chutkan noted Monday that she spoke with the New York judge overseeing Trump's case in Manhattan, which is also set to go to trial in March.

Persons: Donald Trump, Trump's, Lauro, Chutkan, Tanya Chutkan, Jack, Trump, Joe Biden, Fani Willis, Willis, Smith, Monday's, — CNBC's Dan Mangan Organizations: Iowa Pork, Fair, NBC News, Trump, Republican, Washington , D.C, New, Fulton County Superior Court, D.C Locations: Des Moines , Iowa, U.S, Washington ,, New York, Manhattan, Atlanta, Georgia, Fulton County, Iowa, Florida

☆ Overview of recent US mass shootings motivated by hate
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

The rampage, which ended when the gunman killed himself, is the latest mass shooting in recent years that appears to have targeted victims based on their race, religion or sexual orientation. Prosecutors said the gunman made the attack in the name of Islamic State, although his motivations for choosing Pulse remain unclear. Before the shooting, the gunman, who was shot and wounded by police, described his antisemitic feelings on social media. He awaits trial on four other murder counts in Atlanta where he faces the death penalty if convicted. Georgia prosecutors have said they intend to designate the case as a hate crime based on race or gender.

Persons: EMANUEL CHURCH, Rich McKay, Rosalba O'Brien Organizations: Prosecutors, Islamic, Nazi, Mother, AME Church, Thomson Locations: Jacksonville , Florida, U.S, ORLANDO, Orlando , Florida, United States, New Orleans, Islamic State, PITTSBURGH, BUFFALO, New York, Buffalo, CHARLESTON, Charleston , South Carolina, ATLANTA, Atlanta, Georgia

Fulton County Sheriff's Acquire Licensing Rights Read moreATLANTA, Aug 28 (Reuters) - Lawyers for Donald Trump’s onetime chief of staff Mark Meadows are set to argue in court Monday that a federal judge should take over a Georgia criminal case alleging he and the former U.S. president conspired to subvert the 2020 election. Meadows is seeking to move his case to federal court, where he would face a larger and more politically diverse jury pool than in Fulton County, Georgia, the Atlanta-area Democratic stronghold where he was indicted. U.S. District Judge Steven Jones’ decision on the matter could have broad implications for Trump and his co-defendants, some of whom also have sought to move their cases to federal court. State law would still apply if the case is moved to federal court. Prosecutors say Meadows furthered the alleged scheme by arranging calls and meetings where Trump pressured election officials to change the vote count in his favor.

Persons: Mark Meadows, mugshot, Donald Trump, Donald Trump’s, Trump, Joe Biden, Meadows, Steven Jones ’, ”, Brad Raffensberger, Fani Willis, Jack Queen, Amy Stevens, Diane Craft Organizations: Sheriff's, U.S, Republican, Democratic, Atlanta -, Trump, White, Prosecutors, Biden, Georgia Republican, Fulton, Thomson Locations: Fulton, Atlanta , Georgia, U.S, ATLANTA, Georgia, Fulton County , Georgia, Atlanta, Fulton County

☆ Fact Check-Parody mugshot of Trump shared ahead of arrest at Fulton County Jail
▼ + stars: | 2023-08-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated mugshot of former U.S. President Donald Trump complete with the emblem of the Fulton County Sherriff’s Office was shared as humor ahead of his surrender to Georgia state authorities on Aug. 24, 2023. “BREAKING: DONALD TRUMP’S MUGSHOT RELEASED,” read the caption of a viral Instagram post sharing the image (here) which was also posted on Facebook (here). The original image was credited to AFP and shows him speaking in the Oval Office of the White House in December 2017 (here), not at Fulton County jail in 2023. The fabricated image follows the same format of mugshots typically released by the Fulton County Sherriff’s Office, with the subject pictured in front of a gray background with Sherriff’s Office emblem on the top left (here). A 2017 photo of Trump was used to create a parody mugshot ahead of his arrest and processing at Fulton County jail in August 2023.

Persons: Donald Trump, DONALD TRUMP’S MUGSHOT, ”, Trump, Donald Trump's, Read Organizations: Sherriff’s, Facebook, AFP, White House, Reuters Locations: Fulton, Georgia, Fulton County, Atlanta

P01135809, according to Fulton County Jail records - was captured glaring at the camera in the mug shot. His campaign website featured the mug shot along with a message from Trump defending his actions and asking for donations. TRIAL DATE WRANGLINGWillis originally proposed a trial date of March 4 but moved it up for Chesebro after he asked that his trial start by October. In the Georgia case, Willis has requested that arraignments begin the week of Sept. 5, though defendants in Georgia are permitted to waive those appearances and plead not guilty via court filing. Trump agreed to post $200,000 bond and accepted bail conditions that would bar him from threatening witnesses or his co-defendants in the Georgia case.

Persons: Meadows, Donald Trump's, president's, unsmiling Trump, Trump, Elon Musk, Joe Biden, Marjorie Taylor Greene, Lyle Rayworth, Rayworth, MONA LISA, Mona Lisa, Laura Loomer, Donald Trump, mugshot, Scott McAfee, Kenneth Chesebro, Fani Willis, Rudolph Giuliani, Jenna Ellis, Mark Meadows, Willis, Steven Sadow, arraignments, Attorney Alvin Bragg, Jack Smith, Bragg, Trump's, Tucker Carlson, I've, Carlson, Rich McKay, Jack Queen, Eric Beech, Costas Pitas, David Ljunggren, Jacqueline Thomsen, Kanishka Singh, Rami Ayyub, Andy Sullivan, Joseph Ax, Will Dunham, Scott Malone, Daniel Wallis, Howard Goller Organizations: Trump, White House, U.S, Capitol, Hartsfield, White, Republican Party, Republican, Democratic, Georgia U.S, Former U.S, Sheriff's, Fulton County Sheriff's, New, U.S . Justice Department, Chesebro, Manhattan, Attorney, . House, Thomson Locations: ATLANTA, Atlanta, U.S, Georgia, Fulton County, New Jersey, Jackson, Fulton, Atlanta , Georgia, New York, Washington, Miami, Milwaukee

☆ Federal Reserve Chair Jerome Powell hints at more bad news for consumers
▼ + stars: | 2023-08-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday. “Additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy,” Powell said. “So what does that mean for monetary policy? The Fed chair said higher interest rates are likely pulling on the economy’s reins, implying that r* might not be structurally higher, though he said it’s an unobservable concept. But we cannot identify with certainty the neutral rate of interest, and thus there is always uncertainty about the precise level of monetary policy restraint,” Powell said.

Persons: Jerome Powell, Powell, ” Powell, ” William English, Jason Furman, ” Organizations: DC CNN, Kansas City, Fed, Financial, Atlanta Fed, National Federation of Independent, Yale University, Fed’s, Governors, CNN, Commerce Department, Index, Harvard Locations: Washington, Jackson Hole , Wyoming

☆ The Fulton County courthouse has been slogging through more than 2,000 potential jurors for the RICO case against Young Thug. Here's what that means for Georgia's case against Trump and associates.
▼ + stars: | 2023-08-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Fulton County has spent eight months picking jurors for the trial of Young Thug and his associates. One involves the prolific Atlanta rapper Young Thug and his associates, who prosecutors allege are all part of a "criminal street gang" called Young Slime Life or YSL. Defendants, including Young Thug, whose real name is Jeffery Williams, have maintained that YSL is just an artist label. In the past eight months, the Fulton County courthouse has been slogging through more than 2,000 potential jurors for the Young Thug trial. Similarly, jurors will be questioned about their political beliefs and if they will be able to put that aside in the Trump case.

Persons: Young Thug, Young, Jeffery Williams, Donald Trump, Fani Willis, Trump, Georgia's, Melissa Redmon, Redmon Organizations: Service, Atlanta, University of Georgia School of Law, Attorney's, New York Times, Republican Locations: Fulton County, Wall, Silicon, Fulton County , Georgia, Fulton

☆ A 40% rout in Apple bonds is signaling trouble for bank balance sheets with big debt holdings, markets guru Larry McDonald says
▼ + stars: | 2023-08-24 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

A 40% plunge in Apple's bonds highlights the risks facing banks' debt portfolios, according to Larry McDonald. The markets guru highlighted risks tied to mortgage-backed securities, which are on track for a third annual decline. McDonald seemed to suggest that if the bonds of top-rated companies such as Apple could take such a knock from rising interest rates, declines in the broader debt market could be sizable. MBS securities are closely related to mortgage rates. The US average 30-year mortgage rate surged to a 23-year high of almost 7.5% this month, indicating the scale of price displacement in the mortgage debt market.

Persons: Larry McDonald, Bonds, McDonald Organizations: Service, Fed, Silicon Valley, Apple, MBS, BlackRock's, Atlanta Locations: Wall, Silicon

☆ Is America’s economy really as bad as Republican presidential candidates say it is?
▼ + stars: | 2023-08-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —To hear Republican presidential candidates describe the US economy, you’d think it was in a deep recession, with growth and productivity choked off by President Joe Biden’s policies. The economy is strong, but most Americans say they don’t feel good about it, according to polls. HousingAnother reason voters are down on the economy: Housing affordability is at its lowest point in decades. In fact, economic growth is booming thanks to the strong labor market and resilient consumer spending. We won’t have a complete read on third-quarter economic growth until late October, but already, forecasts for GDP “are running wild on the upside,” writes Chris Rupkey, chief economist at FwdBonds.

Persons: New York CNN —, Joe Biden’s, Biden, Republicans can’t, what’s, — it’s, Jerome Powell, Trump, “, It’s, deride “, ”, Chris Rupkey Organizations: New, New York CNN, Republicans, GOP, CNN, Federal, Inflation Fox News, Wisconsin, Bureau of Labor Statistics, Federal Reserve, Trump, Biden, Corporations, FwdBonds, Atlanta Federal Reserve Locations: New York, Ukraine, America, United States

☆ GOP-led House committee launches probe into Trump Georgia election case
▼ + stars: | 2023-08-24 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Republican-led House Judiciary Committee opened an investigation into the work of the Atlanta prosecutor who has criminally charged Donald Trump and others with interfering in the 2020 presidential election in Georgia. Trump is due to surrender at an Atlanta jail on Thursday evening to be booked in the case. Eighteen other people, including lawyers who promoted false claims about the 2020 election, also were indicted in the case. Traditionally, the committee's jurisdiction is limited to oversight of federal courts and federal officials. The House Judiciary Committee earlier this year demanded similar information from the office of Manhattan District Attorney Alvin Bragg Jr., who is prosecuting Trump in another criminal case.

Persons: Fani Willis, Donald Trump, Jack Smith, Trump, Jim Jordan, Willis, Jordan, Smith, Joe Biden, Mark Meadows, Attorney Alvin Bragg Jr, Bragg, Stormy Daniels, tweeting, CNBC's Christina Wilkie Organizations: Republican, Atlanta, White, Committee, Attorney, Staff, Pennsylvania, Representatives Locations: Fulton County, Atlanta , Georgia, Georgia, Ohio, Atlanta, Manhattan, New York

☆ One of Trump's co-defendants just got a speedy trial date in Georgia — but Trump himself doesn't want that
▼ + stars: | 2023-08-24 | by ( Grace Eliza Goodwin | Azmi Haroun | ) www.businessinsider.com time to read: +2 min

Trump and his Georgia co-defendants have had a strategic legal breakdown. Attorney Kenneth Chesebro, one of the 19 defendants in Trump's Georgia indictment, requested an October trial date. The move for a speedy trial may have been a bet by Chesebro that prosecutor Fani Willis wouldn't be prepared. AdvertisementAdvertisementBut Willis accepted his request for a speedy trial, proposing in a legal filing that all defendants begin the proceedings as soon as October 23. In other criminal proceedings, Trump has tried to delay trials until after the 2024 election.

Persons: Trump, Kenneth Chesebro, Fani Willis, it's, Donald Trump, Chesebro, Fani Willis wouldn't, Tamar Hallerman, Willis wasn't, Willis, Donald Trump —, Georgia's Organizations: Fulton, Service, Atlanta -, NBC, GOP Locations: Georgia, Trump's Georgia, Fulton County, Wall, Silicon

☆ The earnings and economic data shows the consumer is still in control of the economy
▼ + stars: | 2023-08-23 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

Moody's says that consumer savings rates are rising after bottoming out in June 2022. "We still see it as a normalization, not a deterioration story when we talk about consumer credit.'' But consumer loan delinquency rates are at 2019 levels, and below any level ever seen before 2014, according to Federal Reserve data. At JPMorgan, mortgage credit quality is so solid that the bank reported no net chargeoffs in the second quarter. Overall, the Bureau of Economic Analysis says consumer spending on new vehicles rose $40 billion to $642.4 billion in the first half of the year, with most gains coming in the second quarter.

Persons: Brandon Bell, Arun Sundaram, haven't, Alastair Borthwick, Moody's, Scott Hoyt, Jeremy Barnum, it's, Barnum, David Fieldhouse, Hoyt, Sundaram, Horton, Goldman Sachs, Goldman Organizations: Chevrolet, Knapp, Getty, Amazon, Walmart, Home Depot, Bank of America, CFRA, Atlanta Federal Reserve Bank, JPMorgan Chase, Federal Reserve, JPMorgan, Federal, Wall, General Motors, GM, Ford, U.S, Toll, Pride Locations: Houston , Texas

☆ New York Yankees mired in longest losing streak in over 40 years
▼ + stars: | 2023-08-23 | by ( Ben Morse | Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —The New York Yankees lost their ninth consecutive game Tuesday night, falling to 60-65 on the season in a 2-1 loss against the Washington Nationals at Yankee Stadium. The nine-game losing streak puts the team in their deepest slump in over four decades. The losing streak has seen the 27-time World Series champions slide to the bottom of the American League East standings and 10 games off the final wild card spot. Brett Davis/USA TODAY Sports/ReutersWith their sub-.500 mark, the Yankees haven’t had a losing record this many games into a season since 1992. Yankees starter Carlos Rodón, who allowed just one run over six innings pitched Tuesday, addressed the losing streak after the game.

Persons: Ben Rortvedt, Washington’s Carter Kieboom, CJ Abrams, Aaron Boone, ” Boone, Brett Davis, Yankees haven’t, Carlos Rodón, “, Rodón –, –, It’s, we’ve Organizations: CNN, The New York Yankees, Washington Nationals, Yankee, Yankees, Miami Marlins, Bronx Bombers, American League East, Atlanta Braves, USA, Reuters, Elias Sports Bureau, New, New York Giants, Nationals, Tampa Bay Rays Locations: Florida

☆ Americans are applying for mortgages at the lowest rate in 28 years
▼ + stars: | 2023-08-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

US mortgage applications for home purchases fell to their lowest mark in 28 years, Mortgage Bankers Association data showed. Wednesday data from the Mortgage Bankers Association showed that mortgage applications for homes fell for the sixth straight week to hit the lowest level since 1995. AdvertisementAdvertisementThe MBA's survey covers 75% of all US retail residential mortgage applications, and it's been conducted every week for over three decades. Today's housing market is even more unaffordable than it was at the peak leading up to the 2008 financial crisis. A separate data release on Tuesday from the National Association of Realtors showed existing home sales decreased 2.2% in July, falling to the lowest level since the start of 2023.

Persons: omebuyers, Joel Kan, it's, Goldman Sachs Organizations: Mortgage, Association, Service, Atlanta, National Association of Realtors Locations: Wall, Silicon

Rudolph W. Giuliani plans to turn himself in on Wednesday at the Atlanta jail where defendants are being booked in the racketeering case against former President Donald J. Trump and his allies, Mr. Giuliani’s local lawyer said Wednesday morning. Mr. Giuliani and Mr. Trump face the most charges among the 19 defendants in the sprawling case. A former mayor of New York, Mr. Giuliani served as Mr. Trump’s personal lawyer in the aftermath of the 2020 election and played a leading role in advancing false claims that the election had been stolen from Mr. Trump. Bernard Kerik, who served as New York City’s police commissioner during Mr. Giuliani’s tenure as mayor, planned to accompany him to the jail in Atlanta, two people with knowledge of Mr. Giuliani’s plans said. Mr. Kerik is not a defendant in the case.

Persons: Rudolph W, Giuliani, Donald J, Trump, Mr, Bernard Kerik, Giuliani’s, Kerik, John Esposito, Willis Organizations: Mr Locations: Atlanta, New York, Mr.Giuliani, Fulton County

☆ Americans are shopping less. But the US economic engine is still humming
▼ + stars: | 2023-08-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

That’s important, because Americans’ spending on goods and services accounts for two-thirds of US gross domestic product. Historically, sluggish retail sales, credit card delinquency and even shoplifting have been signs of a dark cloud on the horizon. The question of credit card debt is another area where the nuance matters. And as a share of total credit card debt, it is relatively low. But Americans’ credit card debt is unquestionably rising.

Persons: CNN Business ’, New York CNN —, Macy’s, they’ve, Taylor Swift, Barbie, ”, Ubers, Covid, Taylor, Sarah Yenesel, Chris Rupkey, Leticia Miranda, That’s, TJ Maxx, Louis Navellier, they’re, Brett Ryan, —, Alicia Wallace, you’ll Organizations: CNN Business, New York CNN, Dick’s Sporting Goods, Nike, FwdBonds, Atlanta Federal Reserve, “, “ Retailers, Deutsche Bank, Walmart, Amazon, Federal Reserve, Bank of America Locations: New York

☆ Mugshots: 9 co-defendants in Trump Georgia election interference case
▼ + stars: | 2023-08-23 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

The Atlanta jail processing the co-defendants of former President Donald Trump in his Georgia election interference case is releasing mugshots after each of them is booked. Trump will have his photograph taken at the Fulton County Jail when he surrenders to face criminal charges that he conspired with others named in the case to interfere in the 2020 presidential election in Georgia.

Persons: Donald Trump, Trump Locations: Atlanta, Georgia, Fulton

☆ Stocks, yields rise as traders balance China, oil supply
▼ + stars: | 2023-08-21 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +4 min

While disappointment sent Asian shares lower, European shares rose on Monday and U.S. stock futures also pointed to a recovery there. ,Europe's STOXX 600 (.STOXX) index was up 0.7% by 1207 GMT, following last week's 2.3% drop, with energy companies outperforming as oil prices rose with tightening supply from Saudi Arabia offsetting demand concerns. Oil prices rose as much as $1 after snapping a seven-week winning streak last week on concerns about Chinese demand. Bond yields move inversely with prices. The ascent of the dollar and yields was weighing on gold at $1,894 an ounce , after it touched a five-month low last week.

Persons: Fed's Jackson, Susannah Streeter, Hargreaves Lansdown, Europe's, Brent, Jerome, Powell, Seema Shah, Jackson, Nvidia, Yoruk Bahceli, Wayne Cole, Dhara Ranasinghe, David Evans, Mark Potter Organizations: REUTERS, Staff, Treasury, Hargreaves, Global, U.S . Federal, U.S ., Thomson Locations: Frankfurt, Germany, China, Saudi Arabia, U.S ., Atlanta

☆ There's an underlying trend that's making the Fed's job easier, Wharton's Jeremy Siegel says
▼ + stars: | 2023-08-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The U.S. economy could bring down inflation while avoiding a growth slowdown — thanks to a rise in productivity, according to Jeremy Siegel, professor of finance at the Wharton School of Business. "The last quarter was, outside of the few months around the pandemic, the best quarter for productivity in over six years," Siegel told CNBC's "Squawk Box" on Monday. Data from the U.S. Department of Labor showed that nonfarm business sector labor productivity rose 3.7% during the prior quarter, as output gained 2.4% and hours worked fell 1.3%. The Atlanta Federal Reserve's GDPNow tracker of incoming data is suggesting growth of 5.8% in the period of July through September. "That's how you can have strong GDP growth without pressure on the labor market, and really without pressure on inflation.

Persons: Jeremy Siegel, Siegel, CNBC's, Jay Powell, Jerome Powell Organizations: Wharton School of Business, U.S . Department of Labor, Atlanta Federal Locations: U.S

☆ Asia stutters as China doles out meagre rate cut
▼ + stars: | 2023-08-21 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

China's central bank trimmed its one-year lending rate by 10 basis points and left its five-year rate unmoved, a surprise to analysts who had expected cuts of 15 basis points to both. Disappointment at the meagre move saw Chinese blue chips (.CSI300) ease 0.3%, while the Australian dollar took a dip as a liquid proxy for China risk. Analysts at Goldman Sachs, meanwhile, argue there is still scope for investors to add to equity positions. The ascent of the dollar and yields was weighing on gold at $1,887 an ounce , having touched a five-month low last week. Brent was up 38 cents at $85.18 a barrel, while U.S. crude bounced 45 cents to $81.70 per barrel.

Persons: Issei Kato, Fed's Jackson, Nvidia, Goldman Sachs, Jerome Powell, Powell, Marc Giannoni, Brent, Wayne Cole, Shri Navaratnam Organizations: REUTERS, Nikkei, China, Japan's Nikkei, FTSE, Nasdaq, Goldman, U.S, Jackson, Barclays, Thomson Locations: Tokyo, Japan, SYDNEY, China, Beijing, Asia, Pacific, Atlanta

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 21 (Reuters) - A U.S. judge has blocked the state of Georgia from enforcing a new Republican-backed law that bars doctors from providing hormone replacement therapy to treat gender dysphoria in transgender children under age 18. The ruling marked the latest instance of a federal judge blocking a law banning medical procedures for transgender youth. The judge said that amounts to a form of unconstitutional sex discrimination because a minor's sex at birth determines whether that child can receive a given form of medical treatment. The state argued that banning hormone therapy was justified by the risk that an individual may later in life regret the physical changes brought on by hormone replacement therapy. By contrast, research showed mental health benefits from allowing the treatment of gender dysphoria, the judge said.

Persons: Brendan McDermid, Sarah Geraghty, Christopher Carr, Kara Richardson, Brian Kemp, Geraghty, Joe Biden, Georgia, Nate Raymond, Will Dunham, Alexia Garamfalvi Organizations: Trump, City Hall, REUTERS, Republican, U.S, U.S . Constitution, Circuit, Appeals, Democratic, Thomson Locations: New York City, U.S, Georgia, Atlanta, U.S ., Boston

☆ Opinion: A powerful weapon for prosecutors is now in the hands of Fani Willis
▼ + stars: | 2023-08-20 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In the US, prosecutors are given enormous power to apply the law as they see fit, choosing who to charge and what to charge them with. Evidence of their misdeeds can secure convictions and allow for strict sentences that otherwise couldn’t be imposed. Bill Bramhall/Tribune Content AgencyThe 97-page indictment unveiled by Willis last week cites a lot more evidence than could be arrayed against a sandwich served at lunch. “We are the chief law enforcement officers in each jurisdiction, with the weighty power to deprive others of their freedom,” Aronberg observed.

Persons: CNN — Caesar Enrico “ Rico ” Bandello, Caesar, ”, Edward G, Robinson, Rico, Rudolph Giuliani, Fani Willis, Willis, Giuliani, Donald Trump, Sol Wachtler, Bill Bramhall, Jennifer Rodgers, “, Trump, Ruby Freeman, Shaye Moss, Dave Aronberg, Attorney Alvin Bragg, Aronberg, Jack, Smith, ” Aronberg, Trump Walt Handelsman, James Antle III, ” Antle, ” Trump, Biden, Dean Obeidallah, Clay Jones, Tucker Carlson, Ron DeSantis, Lanhee Chen, Joe Biden, DeSantis, David Axelrod, Axelrod, Vivek Ramaswamy, Rich Lowry, “ Ramaswamy, … ”, Lowry, ” Carrie Sheffield, ” Lisa Benson, GoComics.com, ‘, Julian Zelizer, Jeff Zelevansky, Sandra Bullock, Leigh Anne Tuohy, Jill Filipovic, “ it’s, Michael Oher, Sean, Leigh Anne Tuohy —, … Oher, …, Facebook Filipovic, “ Oher, ” Bradley Cooper’s, ’ “, Leonard Bernstein —, Bradley Cooper, ’ —, David M, Perry, Bernstein, Felicia Montealegre, Carey Mulligan, Cooper, ‘ Maestro, ’, Joel Pett, Agency “, Celia Wexler, Joan Meyer, ” Wexler, Don’t, Ric Ward, Sigrid Fry, Alden Wicker, Jay Michaelson, Al Gore, Lauren Hersh, Rebecca Zipkin, David Andelman, Africa —, Michael Coren, Elsie Robinson, UC Berkeley Elsie Robinson, “ Robinson, Allison Gilbert, ” Gilbert, — Organizations: CNN, ”, New, Appeals, New York Daily News, Department, Electoral, Palm, Manhattan, Attorney, “, White House, of Justice, Trump, Agency, GOP, Republicans, Florida Gov, Republican, Fair, Politico, Hawaii, Federal Emergency Management Agency, FEMA, NFL, Oher, Twitter, Netflix, Rican, ” Press, Marion County, Russia, Hearst, San Francisco Examiner, Bancroft Library, UC Berkeley, Google, Smithsonian Locations: Rico, Fulton County, Atlanta, county’s, Georgia, Coffee County, Palm Beach County , Florida, “, Milwaukee, Iowa, GoComics.com Maui, Maui, Delaware, Hawaii, Tennessee, Costa, Rican American, Marion, The Kansas, Revere, Africa

☆ Asian shares set for 3rd losing week on China woes, US rates
▼ + stars: | 2023-08-18 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.6% to just a whisker above a nine-month low hit the previous day. That brought the total loss for the week to 3.4% and marked the third straight week of declines for the index. Shares of Chinese property developers (.HSMPI) listed in Hong Kong fell 1.2%, after China Evergrande (3333.HK) filed for protection from creditors in a U.S. bankruptcy court. "At the start of the year China's economy was powering ahead. Brent crude futures dipped 0.2% to $83.94 per barrel and U.S. West Texas Intermediate crude futures was flat at $80.36.

Persons: Yuan, HSI, China Evergrande, Jonas Goltermann, Goltermann, Padhraic Garvey, Sam Holmes, Jacqueline Wong Organizations: SYDNEY, Nasdaq, Nikkei, Bank of, Technology, HK, Capital Economics, ING, Atlanta Federal, U.S ., U.S, Brent, . West Texas, Thomson Locations: Japan, Europe, Asia, Pacific, Bank of Japan, Hong Kong, China, U.S, Beijing, Americas

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