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☆ 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

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The simplest conclusion is the Fed will not be able to ease again in anything like the way many had assumed or still think. This will lift the 'term premium' embedded in long-term bond yields, which has been so subdued since Fed balance sheet expansion met the crash of 2008, even if the Fed is done tightening policy rates, he said. Fed policy is more neutral than restrictive "if you believe we've returned to a pre-2008 world", he said, and that limits the scope for rate cuts in future. Writing by Mike Dolan; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, handwringing, Anujeet, we've, Amanda Lynam, Mike Dolan, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Reserve, Treasury, U.S, AAA, Atlanta, Deutsche Bank, Vanguard, Federal Reserve, Brandywine Global, BlackRock, Reuters, Thomson Locations: New York City, U.S

☆ Asian shares head for 3rd week of losses on China woes, US rates
▼ + stars: | 2023-08-18 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) were up 0.1% after hitting a nine-month low the session before. It was, however, headed for a weekly loss of 2.8%, the third straight week of declines. Data early on Friday showed Japan's core inflation slowed in July, a result that is likely to support market wagers that the Bank of Japan is in no hurry to phase out monetary easing anytime soon. Chinese property giants gained 0.3%, pulling away from a nine-month low hit just a session ago. "At the start of the year China's economy was powering ahead.

Persons: HSI, China Evergrande, Jonas Goltermann, Treasuries, Padhraic Garvey, Sam Holmes Organizations: Nikkei, Bank of, HK, Capital Economics, ING, Atlanta Federal, Brent, . West Texas, Thomson Locations: Japan, SYDNEY, Asia, Pacific, Bank of Japan, China's, China, U.S, Americas

☆ Why are Treasury yields so high and what does it mean for you?
▼ + stars: | 2023-08-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On Thursday, the yield on the US 30-year Treasury bond hit its highest since 2011 and the 10-year note notched its best return since October 2022. Bond yields go up as bond prices fall. What it means: Higher bond yields could mean bad news for stocks: Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. If international bond yields rise, the demand for US bonds may decrease, meaning the US may have to offer even higher yields to attract investors. Still, whatever happens abroad, Turnquist said the key to bringing Treasury yields down will be a slower US economy.

Persons: Bond, Stocks, Adam Turnquist, Turnquist, ”, ” Taylor, Taylor Swift, QuestionPro, Swift, Krystal Hur, Bryan Mena, Elton John’s, Larry Miller, New York University Steinhardt Organizations: CNN Business, Bell, New York CNN, Federal, Federal Reserve, Atlanta Fed, LPL, Treasury, EU, Bank of, Electric, Hawaiian Electric Industries, Street Journal, P Global, CNN, North, New York University Locations: New York, Bank of Japan, Hawaii, Maui, Lahaina, Los Angeles, American, North America

United States and Chinese flags are set up before a meeting between U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, July 8, 2023. The U.S. economy expanded 1.2% in the second quarter, following 1.6% growth in the first three months of the year. Meanwhile, China's growth outlook continues to darken. "We may see similar growth rates between the U.S. and China, which is a concern for China because it is much poorer per capita," she added. The historic highs and lows of U.S. and Chinese economic surprises, respectively, will likely revert to mean as analysts adjust their expectations.

Persons: Janet Yellen, Mark Schiefelbein, That's, Goldman Sachs, Desmond Lachman, Dirk Willer, Jamie McGeever, Kirsten Donovan Organizations: Treasury, Rights, Atlanta Fed's, Barclays, Goldman, American Enterprise Institute, Reuters, Center for Strategic, International Studies, U.S, World Bank, Citi, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights ORLANDO , Florida, U.S

☆ Lucas Glover: How a former Navy SEAL helped golfer overcome 10 years of yips and become the sport’s most in-form player
▼ + stars: | 2023-08-18 | by ( Jack Bantock | Don Riddell | ) edition.cnn.com time to read: +6 min

In 2009, Glover was crowned US Open champion and became the world’s 15th best-ranked golfer. It was time to call in help, and that support arrived in the shape of former Navy SEAL Jason Kuhn. Keyur Khamar/PGA TOUR/Getty ImagesHaving first met with Kuhn in May, Glover began to work with the ex-Navy SEAL shortly after. Glover has a perfect record at the Presidents Cup, triumphing in 2007 and 2009, with Johnson his teammate at both tournaments. The Presidents Cup is a biennial competition between Americans and an international team open to players outside the United States and Europe.

Persons: Lucas Glover, Scotsman Tommy Armour, Ernie Els, Danielle Kang, Bernhard Langer, Glover, ” Glover, CNN Sport’s Don Riddell, “, Mike Segar, Jason Kuhn, Kuhn, Tyler Matzek, Keyur Khamar, –, It’s, he’s, that’d, ”, …, ” Ryder, – Zach Johnson, Ryder, Johnson, I’ve, – I’ve, Robert Galbraith, Reuters Scottie Scheffler, Wyndham Clark, Patrick Cantlay, Brian Harman, Brooks Koepka, Max Homa – Organizations: CNN, Scotsman, Bethpage, Reuters, NCAA Division, Major League Baseball, NCAA, MLB, Navy, Atlanta Braves, ex, Wyndham Championship, FedEx St, Jude, BMW, US Ryder, Rome, US Team, Harding, Golf Club, PGA of America, Team USA, triumphing Locations: Georgia, New York, Illinois, San Francisco , California, Italy, Frisco , Texas, United States, Europe

☆ Chicken sandwich wars revived by new creative offerings at the nation’s largest chains
▼ + stars: | 2023-08-18 | by ( Carly Breland | ) edition.cnn.com time to read: +3 min

CNN —Chick-fil-A’s first foray into the chicken sandwich wars was so successful that it’s launching a second entry, marking the first time the chain has altered its well-known fried chicken sandwich. That sense of urgency comes as competition in the chicken sandwich wars is escalating. Less than three months ago, chicken chain competitor Popeyes expanded its sandwich selection to permanently include the blackened chicken sandwich. The seasonal sandwich is the first time Chick-fil-A has experimented with their original fried chicken sandwich recipe. As both Chick-fil-A and Popeyes venture beyond the basic buttered bun and fried chicken, it will be consumers who will decide who rules the roost in this ever-expanding chicken sandwich market.

Persons: CNN —, It’s, Popeyes, —, ” Stuart Tracy, Will Herbert, it’s, ” Herbert, “, Josh Jordan, ”, Chick Organizations: CNN, Edison Locations: Atlanta, Oakland , California

☆ Why stock investors are suddenly so scared
▼ + stars: | 2023-08-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

That means that if China’s economy slows down, global economic growth slows down. “When global economic growth slows down, that tends to be negative US equities. But a string of strong economic data has challenged those notions. Russia’s invasion of Ukraine continues to stoke fears of rising commodity prices, global economic instability and uncertainty around security. It’s been chock full of economic data and big corporate reports.

Persons: That’s, Lehman, ”, Alex Etra, Bond, Jamie Dimon, JPMorgan Chase, hasn’t, Banks, Michael Burry, Fitch, It’s Organizations: New, New York CNN, Nasdaq, Dow, CNN, country’s National Bureau of Statistics, Apple, Intel, Starbucks, Nike, Federal, Federal Reserve, Atlanta Fed, JPMorgan, CNBC, First Republic Bank, Huntington Bank, PacWest, Western Alliance, Bank Locations: New York, China, Ukraine, Beijing, stoke, Huntington

☆ Wharton professor Jeremy Siegel says the US won't spiral into a new bout of inflation even as economy stays hot
▼ + stars: | 2023-08-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The US won't see a resurgence in inflation, according to Jeremy Siegel. That was a reflection of poor productivity in the economy, Siegel said – a trend that has since turned around:"It was the worst productivity performance in over 70 years. This year we are hiring at less than half the pace and we have two to three times the level of GDP growth. That's why we can have this tremendous GDP growth and still have the disinflationary trend." And inflation won't reaccelerate as improving productivity justifies higher wages and drives more economic output, Siegel explained.

Persons: Jeremy Siegel, Wharton, Siegel, Jay Powell, Stocks Organizations: CNBC, Service, Atlanta Fed Locations: Wall, Silicon, BlackRock

Benchmark 10-year yields reached 4.312%, testing October's 4.338%, a break past which would be its highest since 2007. "What's interesting is usually when you have volatility around rates that's the market trying to price in a higher fed funds rate. "The impact of higher yields is standard: a dollar that is well supported and equities under pressure," he added. MSCI's world index (.MIWD00000PUS) was down 0.1% on Thursday, having dropped to its lowest level since July 6 early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slid to its lowest since late November in early trading Thursday.

Persons: Brendan McDermid, Samy Chaar, der Linde, Van der Linde, Shunichi Suzuki, Brent, Ankur Banerjee, Alun John, Anisha, Sonali Paul, Angus MacSwan Organizations: New York Stock Exchange, REUTERS, Lombard, Atlanta Federal, Nasdaq, Zhongzhi Enterprise Group, HSBC, Reuters Global Markets, Finance, Thomson Locations: New York City, U.S, SINGAPORE, CHINA, China's, Asia, Pacific, Japan, Hong Kong, China, Singapore, London, Bengaluru

☆ Accelerating US economy sideswipes markets
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +4 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. That compares with the official estimates of second-quarter GDP growth at an annualised 2.4% - itself a significant upside surprise - and Wall St forecasters are re-drawing forecasts again. Deutsche Bank on Wednesday, for example, more than doubled its third quarter real GDP call to 3.1%. The implications of such resilience in U.S. activity in the face of more than five percentage points of interest rate rises in 18 months has forced many to rethink the sustainable interest rate level over the horizon and increase long-term projections. After another heavy loss on Wall St indices (.SPX), (.IXIC) on Wednesday, futures regained some ground ahead of the bell today.

Persons: Brendan McDermid, Mike Dolan, Jackson, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Micron Technology, Atlanta Federal, Deutsche Bank, Walmart, Applied, Ross Stores, Philadelphia Fed, Treasury, Housing, Reuters Graphics Reuters, Reuters, Thomson Locations: New York, U.S, Asia, Europe

☆ Braves blank Yanks again, sweep series
▼ + stars: | 2023-08-17 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/42] Aug 16, 2023; Atlanta, Georgia, USA; New York Yankees starting pitcher Randy Vasquez (98) throws against the Atlanta Braves in the first inning at Truist Park. Mandatory Credit: Brett Davis-USA TODAY Sports Acquire Licensing RightsAugust 17 - Right-hander Charlie Morton rediscovered his control and threw six shutout innings to help the Atlanta Braves beat the visiting New York Yankees 2-0 on Wednesday and sweep the three-game interleague series. The Braves have won six of their last seven and swept their 11th series of the season. The Braves are off Thursday and begin a three-game home series against San Francisco on Friday. The Yankees return home to start a three-game series against Boston on Friday.

Persons: Randy Vasquez, Brett Davis, Charlie Morton, Morton, Pierce Johnson, Kirby Yates, Raisel Iglesias, Iglesias, Marcell Ozuna, Eddie Rosario, Michael King, Keynan Middleton Organizations: New York Yankees, Atlanta Braves, USA, Braves, Yankees, Cleveland, League, Rosario, Atlanta, Truist, San Francisco, Boston, Thomson Locations: Atlanta , Georgia, USA, Truist, Rosario . New York

☆ Corbin Burnes, Brewers aim to end Dodgers' win streak
▼ + stars: | 2023-08-17 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

August 17 - On a roll since the start of July, Milwaukee Brewers right-hander Corbin Burnes will now work on his spotty history against the Los Angeles Dodgers. The Dodgers extended their season-best winning streak to 10 games. Over his last eight starts, Burnes is 4-1 with a 2.66 ERA and 57 strikeouts in 50 2/3 innings. In addition to their winning streak, they have gone 14-1 in August. "It takes everybody to put something together like this (winning streak), and it's fun."

Persons: Corbin Burnes, Burnes, Mookie Betts, Freddie Freeman, Will Smith, Betts, Miguel Rojas, Rojas, Gavin Lux, Lance Lynn, Lynn Organizations: Milwaukee Brewers, Los Angeles Dodgers, Dodgers, Brewers, Los, Chicago White Sox, Milwaukee, Atlanta Braves, Chicago Cubs, Cincinnati Reds, National League Central, SportsNet, Colorado Rockies, Thomson Locations: Los Angeles, Burnes, Milwaukee

☆ Marjorie Taylor Greene floats a 2026 Senate run after rumored candidate Brian Kemp told Trump the 2020 presidential election in Georgia 'was not stolen'
▼ + stars: | 2023-08-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kemp should instead have criticized Trump's Georgia indictment. Brian Kemp forcefully pushed back against former President Donald Trump's 2020 election claims, according to The Atlanta Journal-Constitution. "His message should have been against this, not arguing with President Trump about the election and making it about his own ego and pride over Georgia's election," she told the newspaper. Am I going to be a part of President Trump's Cabinet if he wins? "The 2020 election in Georgia was not stolen," Kemp wrote.

Persons: MTG, Kemp, Trump's, Greene, Marjorie Taylor Greene of, Brian Kemp, Donald Trump's, Trump, Democratic Sen, Jon Ossoff, Joe Biden's, Biden, — Organizations: Gov, AJC . Rep, Service, The Atlanta, Republican, Senate, Democratic, GOP, AJC, Trump Locations: Trump's Georgia, Wall, Silicon, Marjorie Taylor Greene of Georgia, Fulton County, Georgia, Waco , Texas

☆ The strengths and weaknesses of the Georgia election meddling case against Trump and his allies
▼ + stars: | 2023-08-16 | by ( Tierney Sneed | ) edition.cnn.com time to read: +10 min

“It’s a type of criminal liability that you can get in trouble for things that other people do,” said Ashleigh Merchant, a Georgia criminal defense attorney with experience in RICO cases. And she’ll be navigating around a federal prosecution of Trump for his 2020 election reversal schemes that has taken a much narrower approach. Here are the strengths and weaknesses of Willis’ strategy:Georgia’s sweeping RICO lawGeorgia’s version of a RICO law – which stands for Racketeer Influenced and Corrupt Organizations Act – is broader than the federal counterpart. Additionally, there is not much appellate case law around the state’s RICO statute, criminal defense attorneys in Georgia told CNN. There stands to be a significant overlap in evidence – including with testimony from some of the same witnesses – in the federal and Georgia cases.

Persons: Donald Trump, Fani Willis –, “, ”, Ashleigh Merchant, CNN Willis, Trump, Willis, Racketeer, Sandy Wallack, that’s, Trump's, Andrew Fleischman, Willis ’, ” Fleischman, Feedback Giuliani, he's, Mark Meadows, Steve Vladeck, Scott McAfee, –, ” Merchant, Jack Smith, Jack Smith’s, Smith, Trump’s, Clark Cunningham, ” Cunningham, It’s Organizations: CNN, Trump, Trump White House, state’s, Georgia, White House, CNN Supreme, University of Texas School of Law, Appeals, Georgia State University Locations: Fulton County, Atlanta, Georgia, Coffee County

☆ MLB roundup: Bryce Elder, Braves blank Yanks
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +9 min

[1/4] Aug 15, 2023; Cumberland, Georgia, USA; Atlanta Braves starting pitcher Bryce Elder (55) pitches against the New York Yankees during the first inning at Truist Park. The losing pitcher was Luis Severino (2-8), who worked four innings and allowed all five runs (three earned) on five hits. Philadelphia starter Zack Wheeler allowed one run on three hits in seven innings. Spenser Watkins (0-1) lost in his A's debut, allowing five runs on seven hits in 4 1/3 innings. Orioles starter Jack Flaherty (8-8), formerly Wacha's teammate with the Cardinals, gave up seven runs in three innings.

Persons: Bryce Elder, Dale Zanine, Marcell Ozuna, Ronald Acuna Jr, DJ LeMahieu, Luis Severino, Christian Walker, Tommy Pham, Geraldo Perdomo, Lourdes Gurriel Jr, Nick Ahmed, Kevin Ginkel, Paul Sewald, Brenton Doyle, Nolan Jones, Elehuris Montero, Ty France, Teoscar Hernandez, Eugenio Suarez, Josh Rojas, Bobby Witt Jr, Martinez, Enrique Hernandez, Bobby Miller, Carlos Santana, Adrian Houser, Jack Suwinski, Conner Joe, Ke'Bryan Hayes, Brandon Nimmo, Jakob Junis, Sean Manaea, Thairo Estrada, Wilmer Flores, San Francisco, Tyler Rogers, Luke Jackson, Zack Littell, Cavan Biggio, Seranthony Dominguez, Yusei Kikuchi, Zack Wheeler, Kyle Tucker, Jose Altuve, Tucker, A.J, Chas McCormick, Yainer Diaz, Alex Verdugo, Triston Casas, John Schreiber, Kenley Jansen, Keibert Ruiz, Stone Garrett, Josiah Gray, Nolan Arenado, Louis, Jordan Walker, Tommy Edman, Dakota Hudson, Lawrence Butler, Spenser Watkins, Logan Allen, Jose Ramirez, Tim Anderson, Allen, Matt Wallner, Dylan Floro, Jhoan Duran, Miguel Cabrera, Spencer Torkelson, Matt Vierling, Corey Seager, Seager, Nathaniel Lowe, Ezequiel Duran, Jordan Montgomery, Luis Robert Jr, Tanner Banks, Lane Ramsey, Aaron Bummer, Gregory Santos, Ramsey, Elvis Andrus, Ian Happ, Seiya Suzuki, Julian Merryweather, Gary Sanchez, Diego's, Michael Wacha, Jack Flaherty, Austin Hays Organizations: Atlanta Braves, New York Yankees, Diamondbacks, Rockies, Arizona, Colorado, The Diamondbacks, Mariners, Royals, Seattle, Kansas City, Dodgers, Brewers, Milwaukee, National League West, NL Central, Pirates, Mets, Pittsburgh, New York, The Pirates, Giants, Rays, San, Tampa Bay, Blue Jays, Phillies, Cavan, Toronto, Philadelphia, Astros, Marlins, Miami, Houston, Red Sox, Nationals, Boston, Washington . Five Red Sox, Washington, Cardinals, Athletics, Oakland, Reds, Cleveland, Cincinnati, Chicago White Sox, Tigers, Twins, Rangers, Angels, Louis Cardinals, White Sox, Cubs, Chicago Cubs, Padres, Orioles, Baltimore, Thomson Locations: Cumberland , Georgia, USA, Truist, Atlanta, York, Denver, Colorado, France, Angeles, New, Manaea, Houston, Minnesota, Detroit, Minneapolis, Texas, Los Angeles, Arlington , Texas, Baltimore

ORLANDO, Florida, Aug 16 (Reuters) - Investors are hoping policymakers gathering at the Kansas City Fed's annual Jackson Hole Symposium later this month will shed light on one of the murkiest - yet fundamentally most important - tenets of monetary policy: R-star. Even the New York Fed's two most renowned R-star indicators, the Laubach-Williams model and the Holston-Laubach-Williams model, are, metaphorically speaking, miles apart. Martínez-García's estimate of short-term R-star is negative, while the New York Fed staffers' models suggest it has "increased considerably over the past year". The Fed is near the end of its tightening cycle having raised interest rates by 525 basis points to the highest since 2007. Longer-dated real bond yields have shot up to their highest level since 2009 even as market expectations for inflation and Fed rates have held steady.

Persons: Treasuries, Gennadiy Goldberg, Goldberg, Williams, Enrique Martínez, García, Goldman Sachs, JP Morgan, David Mericle, Jackson, John Williams reckons, Jamie McGeever Organizations: Kansas City Fed's, Fed, New, Dallas Fed, TD Securities, York, Dallas and New York Fed, New York Fed, Citi, Reuters, New York Times, Atlanta, Thomson Locations: ORLANDO, Florida, New York, U.S, Dallas

☆ DA seeks March 4 trial date for Trump Georgia election case
▼ + stars: | 2023-08-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Fulton County District Attorney Fani Willis on Wednesday proposed a March 4 trial date for her case accusing former President Donald Trump and others of trying to overturn Georgia's 2020 election results. In his other active criminal cases, Trump's attorneys have advocated for delaying the trials until after the 2024 presidential election. Trump's criminal trial in New York, on charges of falsifying business records related to hush money payments, is set for March 25. A federal judge in Florida, meanwhile, set a May 20 trial date in special counsel Jack Smith's case accusing Trump of mishandling classified records. In a separate federal case charging Trump with election-related crimes, Smith's office has proposed a Jan. 2 trial start.

Persons: Fani Willis, Donald Trump, Georgia's, Willis, Trump, Jack Smith's, Donald John Trump's, —, Ron DeSantis Organizations: Fulton County Superior Court, Republican, Trump, Republicans, GOP, Florida Gov Locations: Fulton County, Atlanta, Georgia, New York, Florida, State, Iowa, New Jersey, Quinnipiac

☆ Braves bid for sweep of free-falling Yankees
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

August 16 - The Atlanta Braves will send veteran right-hander Charlie Morton to the mound in search of the team's 11th series sweep on Wednesday night when they host the New York Yankees in the finale of their three-game set. The Braves recorded an 11-3 win in the series opener Monday and took the second game 5-0 Tuesday to guarantee their first series win over the Yankees since 2001. While Atlanta has won five of its last six games, the Yankees have lost four consecutive contests to drop to .500 for the season. In his last outing on Friday against the New York Mets, Morton pitched five shutout innings, allowing three hits, a career-high seven walks and four strikeouts in the Braves' 7-0 win. The Braves placed Ozzie Albies on the 10-day injured list with a strained hamstring and optioned outfielder Forrest Wall to Triple-A Gwinnett.

Persons: Charlie Morton, Morton, Jack Flaherty, Dylan, Damian Moss, Brian Snitker, Randy Vasquez, We're, Aaron Boone, We've, we've, Aaron Judge, Judge, Boone, He's, That's, I'm, Vaughn Grissom, Luke Williams, Ozzie Albies, Forrest Wall, Williams Organizations: Atlanta Braves, New York Yankees, Braves, Yankees, Atlanta, New York Mets, Miami Marlins, Miami, New, Dodger, Triple, Gwinnett, Los Angeles Dodgers, Thomson Locations: New York, Atlanta, Sunday's

☆ Fed officials fretted US inflation might not cool further unless economy slows down
▼ + stars: | 2023-08-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Federal Reserve officials were wary that inflation would slow further unless the US economy and labor markets also cool down, according to minutes from their July policy meeting released on Wednesday. There have only been two meetings in which Fed officials dissented with a decision since the central bank began lifting rates in March 2022. “Inflation is still significantly above” the Fed’s 2% target, Fed Governor Michelle Bowman said earlier this month. The surprising economic strength this summer raised optimism among investors and Fed officials that the US economy can avoid a recession or a sharp uptick in unemployment as inflation continues to slow. Fed economists are in fact no longer projecting a recession, according to the minutes, which Fed Chair Jerome Powell divulged in his post-meeting news conference last month.

Persons: It’s, “, Michelle Bowman, dovish, Patrick Harker, ”, Quincy Krosby, Jerome Powell Organizations: DC CNN — Federal Reserve, Fed, Philadelphia Fed, LPL, Commerce Department, Research, Federal Reserve Bank of San Locations: Washington, June’s, Atlanta, Federal Reserve Bank of San Francisco

☆ Opinion: Fani Willis is taking a major gamble on the Trump case
▼ + stars: | 2023-08-16 | by ( Opinion Jennifer Rodgers | ) edition.cnn.com time to read: +10 min

This argument has been partially successful with US District Judge Aileen Cannon in the federal classified documents case. It is unclear whether the judge assigned to the Georgia case would be amenable to delay arguments. I expect that, as in the New York case, where the judge recently denied such a motion, Trump will seek to move the case against him to federal court. While those decisions may not be binding on the Georgia judge, they will be informative as he considers the issues. As president, Trump would have the power to scuttle the federal cases and a greater ability to avoid accountability in the state cases as well.

Persons: Jennifer Rodgers, Fani Willis, Donald Trump, Trump —, Trump, Willis, Willis —, —, Team Trump, Aileen Cannon, Cannon, Scott McAfee, Mark Meadows, it’s, Biden, Brad Raffensperger, Willis ’ Organizations: New York University School of Law, Columbia Law School, CNN, Trump, Team, US, Fulton County Superior, Biden, Washington , DC, Georgia, Twitter, Facebook Locations: Fulton County, Georgia, New York, Georgia’s, Atlanta, Washington ,

☆ Bryce Elder, Braves hold skidding Yankees to one hit in 5-0 win
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/32] Aug 15, 2023; Cumberland, Georgia, USA; Atlanta Braves starting pitcher Bryce Elder (55) pitches against the New York Yankees during the first inning at Truist Park. Mandatory Credit: Dale Zanine-USA TODAY Sports Acquire Licensing RightsAugust 16 - Bryce Elder allowed only one hit over seven scoreless innings and Marcell Ozuna and Ronald Acuna Jr. both homered to lead the Atlanta Braves to a 5-0 win over the visiting New York Yankees on Tuesday. Atlanta has taken the first two games of the three-game set and has won five of its last six games. Ozuna's home run gave the Braves a major-league-leading 120 runs in the first inning this year. Acuna added a 420-foot, two-run blast to center in the fourth inning, his 27th homer and first since Aug. 8.

Persons: Bryce Elder, Dale Zanine, Marcell Ozuna, Ronald Acuna Jr, DJ LeMahieu, Elder, A.J, Minter, Kirby Yates, Aaron Judge, Ozuna, Acuna, Luis Severino, Wandy Peralta, Jonathan Loaisiga, Tommy Kahnle, Clay Holmes Organizations: Atlanta Braves, New York Yankees, Yankees, Ozuna, Braves, The New York, Thomson Locations: Cumberland , Georgia, USA, Truist, Atlanta, York

WASHINGTON, Aug 15 (Reuters) - The indictment of Former President Donald Trump for interfering in the 2020 presidential election in Georgia will be the biggest case of prosecutor Fani Willis' career, but it will not be her first contentious prosecution. “She’s not afraid of big cases,” said Gerald Griggs, a criminal defense attorney and president of the Georgia state conference of the NAACP. Willis worked from 2001 to 2018 in the Fulton County prosecutor's office, then won election as county prosecutor in 2020, defeating her former boss, Paul Howard. Willis campaigned on building leniency programs for some low-level offenders, but also adopted a hard line on violent crime and gang activity. “Anybody that thinks they can unleash insults from a podium and that’s going to shake Fani Willis is sorely mistaken."

Persons: Donald Trump, Fani Willis, Willis, Trump, She’s, ”, Gerald Griggs, “ She’s, Brian Kemp, Elijah Nouvelage Georgia's, Jeffery Lamar Williams, Young, Jay Abt, ” Abt, Kamala Harris, Paul Howard, Griggs, ” Griggs, Andrew Goudsward, Tom Hals, David Bario, Alistair Bell Organizations: NAACP, Republican, Democrat, Trump, Georgia, Fulton, REUTERS, South Atlanta Magazine, Black Panther Party, Howard University, Washington , D.C, Emory University School of Law, Thomson Locations: Georgia, Fulton County, overreach, Atlanta, Georgia's, Atlanta , Georgia, U.S, Washington ,, Washington, Wilimington , Delaware

☆ Chick-fil-A to release new riff on its iconic chicken sandwich with pimento cheese, jalapenos
▼ + stars: | 2023-08-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chick-fil-A is adding a new spin on its iconic chicken sandwich to menus for a limited time. Starting Aug. 28, customers can buy the Honey Pepper Pimento Chicken Sandwich at the chicken chain's restaurants nationwide, while supplies last. But the limited release of the Honey Pepper Pimento Chicken Sandwich shows how the chain is shifting its menu strategy as it expands nationwide. The Honey Pepper Pimento Chicken Sandwich was a project five years in the making, according to Stuart Tracy, Chick-fil-A's principal culinary lead. The chain tested the Honey Pepper Pimento Chicken Sandwich in 2020 in Asheville, North Carolina, and upstate South Carolina.

Persons: Pepper, Truett, Honey Pepper, Stuart Tracy, Chick, Tracy, Tracy didn't, crumbles Organizations: Atlanta - Locations: U.S, Atlanta, Asheville , North Carolina, South Carolina, Salt Lake City

Aug 16 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The word 'crisis' should always be used responsibly and judiciously when covering financial markets, business and economics, but are we at that point now with China? The People's Bank of China may have finally pulled the interest rate lever, but it had the expected impact of slamming the exchange rate. Compare and contrast China with Japan, as per Tuesday's bumper Q2 GDP data, and the U.S., where figures on Tuesday showed a surge in retail sales. Here are key developments that could provide more direction to markets on Wednesday:- New Zealand interest rate decision- China house prices (July)- Japan tankan surveys (August)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie McGeever, Zhang Dandan, JP Morgan, Josie Kao Organizations: Peking University, People's Bank of, Atlanta, Thomson, Reuters Locations: China, New Zealand, Japan, Asia, People's Bank of China, U.S, Hong, Zealand

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