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☆ Explainer: What is pushing the Nigerian naira to record lows?
▼ + stars: | 2023-10-27 | by ( Chijioke Ohuocha | ) www.reuters.com time to read: +4 min

Investors cheered when Tinubu lifted the currency controls, hoping a unified exchange rate would make it easier to access foreign currency, but that is yet to happen. Banks then repaid foreign credit lines with their own funds when the central bank did not pay out. New central bank governor Yemi Cardoso said clearing the backlog was a priority but he gave no timeline for how long it would take. The country's forex reserves fell to $33.5 billion in September from $37 billion in January, central bank data shows. Banks use their open net positions on foreign currency to finance short-term trade lines without resorting to the central bank for bidding.

Persons: Bola Tinubu, Tinubu, corporates, Banks, Yemi Cardoso, Chijioke Ohuocha, MacDonald Dzirutwe, Hugh Lawson Organizations: JPMorgan, FX, National Economic Council, BANK, Thomson Locations: ABUJA, Nigeria

☆ CNBC Daily Open: Shiny Meta
▼ + stars: | 2023-10-26 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

(Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But in its third-quarter earnings report, Meta revealed its Reality Labs unit, which develops metaverse-related technologies, recorded a $3.74 billion operating loss. IBM beatsIBM shares rose 1% in extended trading after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. New Morgan Stanley CEOMorgan Stanley said Ted Pick will succeed James Gorman as CEO at the start of 2024.

Persons: Stocks, Spencer Platt, Rosy Meta Meta, Meta, Mattel, Max, New Morgan Stanley, Morgan Stanley, Ted Pick, James Gorman Organizations: NEW, New York Stock Exchange, Labor Department, Getty, CNBC, Treasury, Nasdaq, Dow Jones, Rosy Meta, Facebook, Labs, IBM, Wall, Boeing, New Locations: New York City

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). Then, know why you're investing, and understand the risk involved in any investment you make. As a certified financial planner, I speak with countless people who are new to investing. Whether you're a beginner or you've been investing for some time, watch out for these common investing mistakes. Before you dive in, be sure to cover the basics, understand the risk, and most importantly, have a plan.

Persons: —, you've, Roth, Roth IRAs, doesn't Organizations: Service

☆ Video shows Israeli armored vehicles clearing paths into Gaza ahead of a likely ground invasion
▼ + stars: | 2023-10-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

The footage shows Israeli armored vehicles clearing paths into northern Gaza. The paths will likely be used by the Israeli Defense Forces to invade Gaza. AdvertisementAdvertisementIsraeli armored vehicles have cleared paths into Gaza ahead of a likely ground invasion, according to a video shared by the Israel Defense Forces (IDF). The footage shows dozens of armored vehicles clearing dirt piles and constructing several paths near the border fence between Gaza and Israel. X/@IDFOSINT Defender said the paths "will likely be used" by the IDF in their upcoming ground invasion.

Persons: —, oMdSDR84rU, OSINT, Benyamin Netanyahu Organizations: Israeli Defense Forces, Service, Israel Defense Forces, IDF, Caterpillar, Puma, Israel's, Israel's Defense, Wall Street, Military, Hezbollah, Islamist Locations: Gaza, Israel, Israeli, Northern Gaza, Lebanese

☆ CNBC Daily Open: Meta outperformance
▼ + stars: | 2023-10-26 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

(Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In its third-quarter earnings report, the Facebook parent said revenue increased 23%, its fastest rate of growth since 2021. Meta is seeing faster growth in its core digital advertising business as clients rebound from a tough 2022. Meta said it expects revenue of $36.5 billion to $40 billion for the fourth quarter.

Persons: Stocks, Spencer Platt, Ford, Mattel, Meta, Mark Zuckerberg’s, Susan Li, —, Jonathan Vanian Organizations: NEW, New York Stock Exchange, Labor Department, Getty, CNBC, Labor, United Auto Workers, IBM, Wall, Google, Meta, Labs, Treasury Locations: New York City, China, Israel

A general view shows the interiors of what the Israeli military say is a cross-border attack tunnel dug from Gaza to Israel, on the Israeli side of the Gaza Strip border near Kissufim January 18, 2018. After the last round of hostilities in 2021, Hamas's leader in Gaza, Yehya Al-Sinwar, said: "They started saying they destroyed 100kms of Hamas tunnels. Tunneling became easier in 2005 when Israel pulled its soldiers and settlers out of Gaza, and when Hamas won power in a 2006 election. Although the military tunnels remained off-limits to outside eyes, during that era Gaza smugglers would show off their scarcely concealed commercial tunnels under the Rafah border. Israeli sources said what awaits them is formidable and they faced an enemy that has regrouped and learned from previous Israeli operations in 2014 and 2021.

Persons: Jack Guez, Lloyd Austin, Yehya Al, Sinwar, Lifshitz, Mahmoud Abbas, Amir Avivi, Abdel Fattah al, Sisi, Israel, Yasser Arafat's, Deen al, Gilad Shalit, Abu Qusay, Mohammed Deif, Deif, Joel Roskin, Ilan University, Benjamin Netanyahu, Amnon Sofrin, Daphne Richemond, Barak, Jonathan Saul, Stephen Farrell, Phil Stewart, Nafisa Eltahir, Ahmed Mohamed Hassan, Janet Lawrence Organizations: REUTERS, U.S, U.S . Defense, Israel, United Nations Security Council, LONG, Yasser Arafat's Palestine Liberation Organization, West Bank, Hamas, Brigades, Arafat's, Israel's, Ilan, Israel's Combat Engineering, Combat Intelligence Corps, Israel's Reichman University, IDF, ISIS, Thomson Locations: Gaza, Israel, Kissufim, JERUSALEM, LONDON, Hamas, Palestinian, States, Mosul, Islamic, Egypt, Israeli, Viet, Israel's, Egyptian, El Arish, Suez, Yasser Arafat's Palestine, Jordan, Rafah, Syria, Iraq, State, Jerusalem, London, Washington, Cairo

☆ Mattel says Barbie sales grew 16% as blockbuster movie became a phenomenon
▼ + stars: | 2023-10-25 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The "Barbie" film, released in July, is largely responsible for the bump, Mattel said. Mattel said Hot Wheels sales jumped 22% when compared to the same three-month period last year. Earlier this year, car makeover competition series "Hot Wheels: Ultimate Challenge" premiered on NBC. Mattel also announced last year that a Hot Wheels film is in the works with Warner Bros. , the studio behind "Barbie."

Persons: Barbie, Mattel, Ynon Kreiz, Barbie isn't Organizations: Malibu, Mattel, LSEG, Revenue, NBC, Warner Bros, CNBC Locations: New York City

When 2023 began, a single bitcoin could be had for less than $17,000 after losing more than 75% of its value. Now, bitcoin is getting another boost on the prospects of creating a much larger pool of investors. IShares Bitcoin Trust appeared to be temporarily removed Tuesday, but was back online as of Wednesday. Still, the most recent surge bitcoin goes beyond single developments or participants, Kaiko research analyst Riyad Carey notes — crediting “more of a broad market rally" around spot bitcoin ETF prospects. Despite the recent excitement around bitcoin, crypto is still a risky bet.

Persons: Bitcoin, hasn't, Edward Moya, IShares Bitcoin, iShares, Moya, Riyad Carey, “, —, “ We’re, it’s, ”, it's, ” Moya, bitcoin Organizations: Federal Reserve, Industry, Columbia, Securities and Exchange Commission, Grayscale's, SEC, Depository Trust, Clearing Corporation, Associated Press Locations: Silicon, bitcoin, cryptocurrencies

☆ Despite losing limbs, Ukrainian sappers return to work clearing land mines
▼ + stars: | 2023-10-25 | by ( Vitalii Hnidyi | ) www.reuters.com time to read: +3 min

[1/5] Oleksii Poliakov, member of the National police special demining unit works with mine fuses during a demining operation near Izum town, amid Russia's attack on Ukraine, in Kharkiv region, Ukraine, October 24, 2023. By May the following year he was back at work, standing on a prosthetic limb, sweeping for and defusing mines. But she has accepted it," he told Reuters while working in the Kharkiv region this week. Valeri Onul, another sapper, also returned to work in the unit despite losing a leg in a blast in November. Even in the immediate aftermath of the blast, he said he was sure he would return to mine-clearance work when he had made a recovery.

Persons: Sofiia, Ilkiv, –, Valeri Onul, Tom Balmforth, Deborah Kyvrikosaios Organizations: National, REUTERS, Reuters, Thomson Locations: Izum, Ukraine, Kharkiv region, KHARKIV, Russia, Kherson, Kharkiv, Dementiivka

☆ Data center firm Equinix trims annual revenue forecast on weak corporate spending
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of Equinix is pictured at the entrance of a data center in Pantin, outside Paris, France, December 7, 2016. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 25 (Reuters) - Data center company Equinix (EQIX.O) trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cloud-based infrastructure. The Redwood City, California-based company expects annual revenue between $8.17 billion and $8.21 billion, compared with its prior outlook of $8.17 billion to $8.25 billion. Analysts on average expect annual revenue of $8.20 billion, according to LSEG data. For the third quarter, the company posted revenue of $2.06 billion, which was in line with analysts' estimates, according to LSEG data.

Persons: Benoit Tessier, MoffettNathanson, Raymond James, Jaspreet Singh Organizations: REUTERS, Thomson Locations: Pantin, Paris, France, Redwood City , California, Bengaluru

☆ Bitcoin leaps to 2023 high on ETF bets
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +3 min

Bitcoin rose more than 6% to $35,198, its highest since May 2022. It had surged 10% on Monday in its best session for almost a year and its price has doubled in 2023. Crypto-linked shares such as Coinbase Global (COIN.O) or bitcoin owner MicroStrategy (MSTR.O) rose in after-hours trade. An exchange-traded fund (ETF) owning bitcoin on behalf of fund investors is seen as a driver of demand because it would allow anyone reluctant to trade crypto markets a means of buying exposure to bitcoin through the stockmarket. So the ETF would make a large audience and increase liquidity," said Steen Jakobsen, CIO at Saxo.

Persons: Dado Ruvic, MicroStrategy, Steen Jakobsen, Kyle Rodda, Capital.com, Javier Milei, Tom Westbrook, Rae Wee, Brigid Riley, Shri Navaratnam Organizations: REUTERS, BTC, Investment, BlacRock's, Reuters, U.S . Securities, Exchange Commission, Saxo, BlackRock, SEC, Hamas, Thomson Locations: Asia, SINGAPORE, BlackRock, U.S, Singapore, Tokyo

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 24 (Reuters) - The ProShares Short Bitcoin Strategy ETF , which allows traders to bet on a fall in bitcoin futures, hit a record low on Tuesday as the cryptocurrency surged on growing optimism that the launch of an exchange-traded fund tracking bitcoin is imminent. Bitcoin, the world's largest cryptocurrency, hit an 18-month high on Tuesday, extending Monday's 10% surge, on speculation over the likely approval of a spot bitcoin ETF that was fueled by BlackRock's iShares ETF listing on the website of clearing house DTCC. Meanwhile, other bitcoin-linked ETFs, like the ProShares Bitcoin Strategy ETF that tracks bitcoin futures, and Valkyrie Bitcoin Miners ETF (WGMI.O), gained more than 9% each. The Valkyrie Bitcoin and Ether Strategy ETF (BTF.O) was up 9.4%, leading gains among recently launched funds that track Ether futures.

Persons: Dado Ruvic, Bitcoin, Lucas Kiely, " Kiely, Bansari Mayur, David Holmes Organizations: REUTERS, BlackRock's, BTC, Strategy, Thomson Locations: Bengaluru

☆ Bitcoin is surging again
▼ + stars: | 2023-10-24 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

BlackRock applied in June to register a bitcoin spot ETF, which is pending approval. A BlackRock bitcoin ETF would give the cryptocurrency a new sense of legitimacy. “However, it may appear as part of BlackRock’s preparations to launch the ETF soon.”Other companies have also applied for approval to launch similar bitcoin ETFs, including Greyscale Investments. As investors look to diversify their portfolios in uncertain times, some turn to bitcoin, ironically as a kind of digital safe haven. Sometimes dubbed “digital gold,” bitcoin has become a way for investors to branch out beyond traditional stocks and bonds.

Persons: New York CNN —, bitcoin, ”, Samer Organizations: New, New York CNN, BlackRock, Depository Trust, Clearing Corp, Nasdaq, Reuters, Greyscale Investments, US Securities and Exchange Commission, Greyscale’s, DC, of Appeals, SEC, “ Locations: New York, BlackRock, bitcoin

☆ BlackRock bitcoin ETF added to eligibility file, says clearing house DTCC
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsSummaryCompanies Potential ETFs added to DTCC file as 'standard practice'-DTCCBlackRock iShares Bitcoin Trust ETF added in August-DTCCMove is not indicative of regulatory approval-DTCCBitcoin holds gains made on ETF approval speculationSINGAPORE, Oct 25 (Reuters) - BlackRock's (BLK.N) proposed bitcoin exchange-traded fund (ETF) was added to a clearing-house eligibility file in August, but the move is not indicative of any regulatory approval, clearing house DTCC said. Speculation that BlackRock or a number of other pending bitcoin ETF applicants would succeed has sent bitcoin on its biggest two-day rally for seven months. The clearing house said the list was its eligibility file, which includes active and potential ETFs and that Blackrock's iShares Bitcoin Trust ETF was added in August as "standard practice...in preparation for the launch of a new ETF". Bitcoin touched an 18-month high of $35,198 on Tuesday and was last at $33,802 in Asia trade on Wednesday.

Persons: Carlo Allegri, Bitcoin, DTCC, Rae Wee, Tom Westbrook, Muralikumar Anantharaman, Jamie Freed Organizations: REUTERS, BlackRock, Traders, U.S . Securities, Exchange Commission, SEC, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, SINGAPORE, Asia, Singapore

Biden administration officials insisted that the United States had not told Israel what to do and still supported the ground invasion. General Glynn, the official said, would not be on the ground in Israel if an incursion into Gaza begins. But on Sunday, a diplomat from the Israeli Embassy denied that the U.S. government was advising the Israelis to delay the ground invasion. In conversations with Israeli officials since the Hamas attacks on Oct. 7, American officials said they have not yet seen an achievable plan of action. Like U.S. officials, Mr. Reed said he also still supports the ground invasion to destroy Hamas.

Persons: Biden, Yoav Gallant, Lloyd J, Austin III, James Glynn, General Glynn, Axios, Gallant, Austin, “, Mr, ” Mr, Patrick S, Ryder, Benjamin Netanyahu’s, we’ve, Michael Knights, Knights, Jack Reed, Reed, ”, Michael Crowley Organizations: Israel Defense Forces, Biden, Pentagon, Israel, Embassy, Islamic, United States Central Command, ABC, American Marines, Associated Press, Islamic State, State, The Washington Institute, Hamas, Rhode Island Democrat, Armed Services Committee Locations: Israel, Gaza, United States, Washington, U.S, Mosul, Iraqi, Tel Aviv, Kurdish, Mosul —, British, Falluja, Iraq, Raqqa, Cairo, Saudi Arabia, Egypt, “, State

HOUSTON (AP) — Adolis García homered twice and drove in five runs as the Texas Rangers reached the World Series with an 11-4 blowout of the Houston Astros in Game 7 of the AL Championship Series on Monday night. García went deep for the fourth straight game and set a record for RBIs in a postseason series with 15. The defending World Series champion Astros were finally dethroned. Political Cartoons View All 1215 ImagesNo club has won consecutive World Series since the New York Yankees took three straight from 1998-2000. Texas’ win guarantees a third all-wild card World Series, the first since Bochy’s Giants beat Kansas City in 2014.

Persons: Adolis García, García, Corey Seager, Nathaniel Lowe, Bruce Bochy, Max Scherzer, wasn’t, Cristian Javier, Javier, Seager’s, Seager, slugged, Alex Bregman, Evan Carter, Nelson Cruz, Bryan Abreu, Houston’s Yordan Alvarez, García's, Scherzer, ___ Organizations: HOUSTON, Texas Rangers, Houston Astros, Rangers, Texas, Lone Star State, Houston, Arizona, Astros, New York Yankees, The Rangers, Yankees, Mets, García, Nationals, AL, Bochy’s Giants, Kansas City Locations: Philadelphia, San Diego, San Francisco, Texas, Houston . Texas, Houston

Abreu was suspended Saturday by MLB senior vice president Michael Hill, a day after the incident. The reliever appealed, allowing him to pitch in Game 6, and the hearing was held Monday before John McHale Jr., a special assistant to baseball Commissioner Rob Manfred. He was pleased with the resolution since it allows him to pitch this postseason despite the suspension not being reduced. “That was kind of what I was hoping for when I didn’t use him in a down game two innings yesterday,” Baker said. Abreu, García and Baker were ejected.

Persons: Bryan Abreu, García, Abreu, Michael Hill, John McHale Jr, Rob Manfred, ”, “ I’m, Dusty Baker didn't, ” Baker, “, Baker, Jose Altuve’s, Ronald Blum, ___ Organizations: HOUSTON, — Astros, Texas Rangers, MLB, García, Texas, Houston, “ Locations: Arlington

HOUSTON (AP) — Houston reliever Bryan Abreu has appealed the two-game suspension he was given by Major League Baseball for what the league said was intentionally throwing at Adolis Garcia of the Texas Rangers during Game 5 of the AL Championship Series. Because of the appeal, Abreu will be eligible to pitch in Game 6 on Sunday night, when the Astros can advance to the World Series for a third straight season with a win. MLB said Saturday that all six umpires decided Abreu’s pitch was intentional. Abreu, who was also fined for the incident, is one of Houston's top relievers and has a 1.42 ERA in seven appearances this postseason. Political Cartoons View All 1211 ImagesIf the suspension is upheld and the Astros remain in the postseason, they would have to play a player short, with 25 men on their roster instead of 26.

Persons: — Houston, Bryan Abreu, Adolis Garcia, Abreu, “, ___ Organizations: HOUSTON, Major League Baseball, Texas Rangers, Astros, MLB

The defending World Series champion Astros were again felled by a subpar start from Framber Valdez and lackluster play at home. But the Rangers got some insurance from an RBI double by Garver with one out in the eighth off Abreu. Josh Sborz walked Alex Bregman to start the Houston eighth and struck out Alvarez before José Abreu singled with one out. Abreu singled on a grounder to right field before Tucker grounded into a force out that left him out at second and sent Alvarez to third. Heim, who had a career-high 18 home runs in the regular season, also homered off Valdez in Game 2 of this series.

Persons: — Nathan Eovaldi, Mitch Garver, Jonah Heim, Adolis García, Eovaldi, Framber Valdez, Valdez, Bryan Abreu, García, Stanek, Yordan Alvarez, Garver, Heim, Mauricio Dubón, Abreu, It’s, Cliff Lee, They’d, José Leclerc, Jose Altuve, Josh Sborz, Alex Bregman, Alvarez, José Abreu, Leclerc, Kyle Tucker, Jon Singleton, Jeremy Peña, Houston’s, Tucker, Dubón, Altuve, Brantley, barehanded, Nathaniel Lowe, Josh Jung, Garcia, Bryan Abreu's, John McHale Jr, Rob Manfred, Evan Carter, Adolis Garcia, ___ Organizations: HOUSTON, Texas Rangers, Houston Astros, Rangers, Astros, The Rangers, Houston, The Astros, Tampa, Eovaldi, Valdez, Major League Baseball Locations: Houston, García, Arlington, Washington, Valdez, Texas, Tampa Bay

☆ Jose Altuve Wins the Wildest Baseball Game of the Year, Of Course
▼ + stars: | 2023-10-21 | by ( Jared Diamond | ) www.wsj.com time to read: 1 min

ARLINGTON, Texas—As the ninth inning of a wild American League Championship Series game progressed on Friday night, the players in the Houston Astros’ dugout could see the future. The events unfolding on the field conjured memories of the past. Game 5 of the ALCS at Globe Life Field had already featured an electric home run, a bench-clearing scuffle and three ejections—with a trip to the World Series at stake.

Organizations: American League, Houston Astros Locations: ARLINGTON , Texas

☆ Australia PM to visit China, reaches deal to resolve WTO wine dispute
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +2 min

"Australia and China have agreed we will suspend the dispute on wine in the WTO pending the outcome of this review." The measures were part of a barrage of trade restrictions that China imposed after Australia called for an inquiry into the origins of COVID-19. Most of the trade restrictions have been lifted since a change of government in Canberra last year. Aside from wine, China maintains barriers on imports of lobsters and meat from some abattoirs. In 2019, Australia shipped wine worth around $800 million to China, its trade data show.

Persons: Anthony Albanese, Xi Jinping, Li Qiang, Albanese, Xi, Premier Li, " Albanese, Sam McKeith, Peter Hobson, Chizu Organizations: SYDNEY, Australian, Australia's, Trade Organization, China, Thomson Locations: China, Beijing, Shanghai, Australia, Canberra

He had arrived in the United Arab Emirates on Friday from Saudi Arabia after traveling there last week from London. He said Pakistan's economy and political situation both declined in recent years, according to multiple videos shared by his Pakistan Muslim League party on X, the platform formerly known as Twitter. In 2020, an anti-graft court in Islamabad issued a warrant for his arrest after he failed to return home. Another federal court has granted Sharif bail until Oct. 24, giving him protection from arrest until then. His party became hugely unpopular after Khan's removal when Nawaz Sharif's brother Shehbaz Sharif replaced Khan, a former cricketer turned politician.

Persons: — Pakistan's, Nawaz Sharif, Sharif, Allah, ”, Imran Khan, Khan, Sharif's, Nawaz Sharif's, Shehbaz Sharif Organizations: United Arab Emirates, Pakistan Muslim League, Twitter Locations: ISLAMABAD, Dubai, London, Lahore, Pakistan, Islamabad, Saudi Arabia, Sharif

☆ Australia PM to visit China, taking steps to resolve wine dispute
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +3 min

China announced in November 2020 it would impose anti-dumping and countervailing duties of up to 218% on most Australian wine, causing trade to collapse. The measures were part of a barrage of trade restrictions that China imposed after Australia called for an inquiry into the origins of COVID-19. Most of the trade restrictions have been lifted since a change of government in Canberra last year. Aside from wine, China maintains barriers on imports of lobsters and meat from some abattoirs. In 2019, Australia shipped wine worth around $800 million to China, its trade data show.

Persons: Anthony Albanese, Xi Jinping, Li Qiang, Albanese, Xi, Premier Li, Sam McKeith, Peter Hobson, Chizu Nomiyama, Sonali Paul Organizations: SYDNEY, Australian, Australia's, Huawei, Saturday, Trade Organization, China, Thomson Locations: China, Beijing, Shanghai, Canberra, Australia

☆ Hong Kong’s Financial-Sector Feast Turns to Famine
▼ + stars: | 2023-10-20 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

China’s slowing economy could soon become a major talking point for U.S. companies as they begin to report third-quarter earnings. WSJ’s Dion Rabouin explains. Illustration: Elizabeth SmelovHong Kong’s lackluster stock market epitomizes the challenges that the city is grappling with—China’s economic slowdown, which looks increasingly structural, and Beijing’s tightened grip on the semiautonomous city. Neither issue looks likely to disappear soon, although China’s economy could improve a bit cyclically next year. Weak third-quarter results released Friday by Hong Kong Exchanges and Clearing —the market’s owner and operator—are the latest sign of how entrenched the city’s problems have become.

Persons: WSJ’s Dion Rabouin, Elizabeth Smelov Hong Organizations: Hong Kong Exchanges Locations: semiautonomous

☆ Judge rules Alex Jones can’t use bankruptcy to avoid paying $1.1 billion to Sandy Hook families
▼ + stars: | 2023-10-20 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +3 min

CNN —A federal bankruptcy judge ruled Thursday that bankruptcy proceedings will not shield Infowars host Alex Jones from more than $1.1 billion in damages he owes the families of Sandy Hook shooting victims who won a civil defamation case against him in Connecticut last year. The families filed a motion in May asking the court to force Jones to pay the trial damages and rule out the possibility of a forced settlement in Chapter 11 proceedings. Jones and other InfoWars personalities called the massacre a hoax and accused the victims’ families of being crisis actors. Infowars filed bankruptcy last July in the middle of their trial. The summary judgments issued Thursday only addressed Alex Jones’ bankruptcy proceedings, not those of his company, which were not filed under traditional Chapter 11 bankruptcy.

Persons: Alex Jones, Sandy Hook, Jones, Christopher Lopez, Lopez, Neil Heslin, Scarlett Lewis, Jesse Lewis, Lewis, Heslin, Infowars, Noah Pozner, Judge Lopez, Alex Jones ’, he’s Organizations: CNN Locations: Connecticut, Newtown , Connecticut, Texas

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