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☆ Dow drops more than 400 points as Treasury yields spike on job openings surge
▼ + stars: | 2023-10-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —The Dow fell more than 400 points Tuesday morning, turning negative for the year, as US Treasury yields surged to their highest levels in over a decade. Treasury yields have spiked and the US dollar has surged in the weeks since, continuing to chip away at the stock market’s gains from the spring. That’s up from July’s upwardly revised estimate of 8.92 million openings and above the consensus 8.8 million estimate among economists. The yield on the 10-year Treasury note on Tuesday climbed to 4.75%, its highest level since August 2007. The 2-year rose to 5.13%, around its highest level since July 2006.

Persons: Dow, Stocks, That’s, ”, Ed Moya Organizations: New, New York CNN, Treasury, Nasdaq, Federal Reserve, Fed, Bureau of Labor Statistics, of Labor Statistics, OANDA, OANDA . West Texas, OPEC Locations: New York, OANDA .

☆ August job openings top 9.6 million, more than expected as labor market remains strong
▼ + stars: | 2023-10-03 | by ( Jeff Cox | ) www.cnbc.com time to read: 1 min

Employment vacancies at U.S. businesses unexpectedly surged in August, a sign that the labor market remains tight and robust despite the Federal Reserve's efforts to slow the economy. Job openings totaled 9.61 million for the month, a jump of nearly 700,000 from July and well above the Dow Jones estimate for 8.8 million, the Labor Department said Tuesday in its monthly Job Openings and Labor Turnover Survey. Much of the increase in openings came in professional and business services, which showed a burst of 509,000. Stocks fell following the report as a tighter labor market could put more pressure on the Fed to keep interest rates elevated. The Dow Jones Industrial Average most recently was off more than 260 points on the session.

Persons: Dow Jones, Stocks Organizations: Dow, Labor Department, Labor, Fed, Dow Jones

WASHINGTON (AP) — U.S. job openings unexpectedly rose in August, another sign the U.S. labor market remains strong despite higher interest rates — perhaps too strong for the inflation fighters at the Federal Reserve. American employers posted 9.6 million job openings in August, up from 8.9 million in July and the first uptick in three months, the Labor Department said Tuesday. ""Yes, the job market is still retaining a lot of heat,'' he said, "but it hasn't gone back on the boil.'' The Federal Reserve wants to see the red-hot U.S. job market cool off, reducing pressure on businesses to raise pay, which can feed into higher prices. The Fed chose not to raise rates at its last meeting Sept. 19-20.

Persons: Economists, —, Nick Bunker, hasn't, Jerome Powell, Dow Jones, Rubeela Farooqi, Loretta Mester, “, ” Mester, Christopher Rugaber Organizations: WASHINGTON, —, Federal Reserve, Labor Department, Federal, Fed, Federal Reserve Bank of Cleveland, AP

☆ US job openings unexpectedly grew in August
▼ + stars: | 2023-10-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Minneapolis CNN —The number of job openings at US employers unexpectedly surged in August, a testament to the continued strength of the labor market, according to new data released Tuesday by the Bureau of Labor Statistics. There were an estimated 9.61 million open jobs in August, according to seasonally adjusted data from the BLS’ latest monthly Job Openings and Labor Turnover Survey (JOLTS) report. That’s up from July’s upwardly revised estimate of 8.92 million openings. The consensus estimate from economists was for 8.8 million openings, according to Refinitiv. Federal Reserve officials have frequently pointed to the robust labor market, particularly the imbalance of job postings to job seekers, as a key factor in helping to lower inflation.

Persons: August’s, Julia Pollak, ZipRecruiter, ”, Christopher Rupkey, Stocks Organizations: Minneapolis CNN, Bureau of Labor Statistics, BLS, Labor, CNN, Federal Reserve, FwdBonds, Dow Locations: Minneapolis

☆ Why we 'know we have to buy something' in this oversold market
▼ + stars: | 2023-10-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. That means "we know we have to buy something because of our discipline," Jim Cramer said Tuesday. "There are a lot of reasons to buy Amazon," Jim said Tuesday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Emerson, it's, KeyBanc, Jim, Jim Cramer's Organizations: CNBC, Labor, Nasdaq, Emerson UBS, Emerson, Amazon JPMorgan, JPMorgan, Amazon Web, U.S . Federal Trade Locations: midmorning

☆ Japan stocks soar as yen hits 1-year low
▼ + stars: | 2023-10-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. U.S. stock futures rose 0.6%, pointing to a rebound from the S&P 500's 0.3% drop on Friday. Japanese stocks were also boosted by the Bank of Japan's quarterly Tankan survey, which showed an improvement in business sentiment. Brent December crude futures rose 18 cents, or 0.2%, to $92.38 a barrel after falling 90 cents at the end of last week. U.S. West Texas Intermediate crude futures gained 23 cents, or 0.3%, to $91.02 a barrel, after losing 92 cents on Friday.

Persons: Issei Kato, Korea's, Michele Bullock, Kevin Buckland, Edwina Gibbs Organizations: U.S, REUTERS, Rights, Nikkei, Golden, Bank, Brent, . West Texas, Thomson Locations: Tokyo, Japan, U.S, Hong Kong, China, New, expansionary

☆ Opinion: My journey from a homeless shelter to the ballet stage
▼ + stars: | 2023-10-02 | by ( Opinion Steven Melendez | ) edition.cnn.com time to read: +6 min

Editor’s Note: Steven Melendez is artistic director of New York Theatre Ballet and a subject of the new documentary film “LIFT,” available on Apple and Amazon. He was born in the Bronx, New York, and has danced as a soloist with Ballet Concierto in Argentina, a principal dancer with the Vanemuine Theater Ballet Company in Estonia, and for more than 15 years with New York Theatre Ballet. CNN —Thirty years ago, I lived in a family homeless shelter in New York City, where dreams and struggles often do battle. The LIFT program did not simply introduce me to ballet; it transformed my life. New York Theatre BalletThe rigorous training demands unwavering commitment, punctuality and the relentless pursuit of perfection.

Persons: Steven Melendez, Steven Melendez Rachel Neville, Diana Byer, Jacques d’Amboise, Talent Organizations: New York Theatre Ballet, Apple, Concierto, Vanemuine Theater Ballet Company, CNN, New York Theatre, US Department of Housing, Urban Development, Harvard Joint Center for Housing Studies, Coalition, York Theatre Ballet, National Dance Institute Locations: Bronx , New York, Argentina, Estonia, New York City, Bronx, America

☆ They fell in love and lost each other in South America. Then a note stuck on a door brought them back together
▼ + stars: | 2023-09-30 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

When he met Tracy, Tim was enjoying a six month traveling stint, unsure what came next. If you see this, let me know where you are staying!”As she and Monique closed, then locked, the hotel door, Tracy jammed the piece of paper into the door frame. A note on a hotel doorTracy had the idea to write a note and attach it to the hotel door. Tracy FerrellUnbeknown to Tracy, Tim had arrived in Cuenca a few days before her. Leaning against the hotel door, he wrote a reply underneath Tracy’s message, detailing where he was staying.

Persons: CNN — Tracy Ferrell, ”, Tracy, “, we’ve, Monique, let’s, ” Tracy, Tim, “ I’m, Tracy Ferrell, She’d, Cuenca –, German Shepherd, Tim Zych, Zealander who’d, Tim chatted, Tracy’s, Salar de, Tim didn’t, ’, Tracy Ferrell Unbeknown, he’d, Tim couldn’t, he’s, they’d, Keen, ” Tim, They’re, she’d, Tracy wasn’t, Tim Boulder, “ We’ll, ” Here's Tracy, –, ’ ”, they’re, Tracy Ferrell Tracy, Tracy “ Organizations: CNN, America, University of Colorado, South American Explorers ’, –, CNN Travel, Zealander, they’d, Communication, American Express, Denver International Airport, Boulder Locations: Cuenca, Ecuador, Quito, Peruvian, Ollantaytambo, South America, Ecuador –, German, London, New Zealand, Zealand, Salar, Salar de Uyuni, Bolivia, Peru, Chile, Tim’s, Blanca, Tracy, Costa Rica, San Jose, Boulder , Colorado, Colorado, She’d, Boulder, Boston, Isla Mujeres, Mexico, Boulder county, Quinto

☆ How to cope with a loved one’s suicide
▼ + stars: | 2023-09-30 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

Alexandra felt safe talking to him about anything, she said, and he made their son laugh so hard by singing and dancing. Alexandra knew Shawn had once contemplated suicide earlier in life, but he said he’d never do it. Letting go of self-blameAnother critical lesson was that Shawn’s suicide was about him, not her, Alexandra said — that what happened was not her fault or something she alone could have prevented. Journaling helped her recognize thinking patterns and emotional barriers, while support groups with others who lost a loved one to suicide gave her community. Alexandra WymanNow Alexandra has more good days than bad ones, and that masseuse she saw has said her light has started to return.

Persons: Alexandra, Shawn Wyman, “, ”, ” Shawn, Alexandra Wyman, Shawn, ” Alexandra, Alexandra Wyman Shawn, ‘, ’, Michael Roeske, “ It’s, he’d, can’t, Justin Baker, Alexandra couldn’t, wouldn’t, isn’t, It’s, Shawn didn’t, Baker, she’d, life’s, —, Journaling, I’ve, they’re, ” Baker, “ I’m, Shawn’s, ‘ You’re, I’m Organizations: Lifeline, CNN, US Navy, Sunday, Newport Healthcare Center for Research & Innovation, Initiative, Veterans, Ohio State, Wexner Medical Locations: Colorado, Newport, shouldn’t

☆ Canada economy stalled in July, most likely grew by 0.1% in Aug
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Christinne Muschi Acquire Licensing RightsOTTAWA, Sept 29 (Reuters) - Canada's economy stalled in July as the manufacturing sector posted its biggest decline for more than two years, but it most likely grew by 0.1% in August, Statistics Canada said on Friday. Analysts polled by Reuters had forecast a 0.1% month-over-month rise in July. Overall, the service-producing sector edged up 0.1% in July while the goods-producing sector posted a 0.3% contraction. The manufacturing sector shrank by 1.5% over June, the biggest month-on-month drop since April 2021, largely due to firms drawing down their inventories. The bank held its key overnight interest rate at 5% on Sept 6, noting the economy had entered a period of weaker growth.

Persons: Christinne, David Ljunggren, Dale Smith Organizations: Port, REUTERS, Rights, Statistics, Reuters, Bank of, Mining, Bank of Canada's, Thomson Locations: Port of Montreal, Montreal, Quebec, Canada, Statistics Canada, Pacific, British Columbia

"We know that the British economy recovered faster from the pandemic than anyone previously thought and data out today once again proves the doubters wrong," finance minister Jeremy Hunt said. And that's before the full drag from higher interest rates has been felt," said Ruth Gregory, deputy chief UK economist at Capital Economics. The upward revisions were concentrated in 2020 and 2021, during the height of the pandemic and immediate aftermath. Growth in 2021 was revised to 8.7% from 7.6%, while the size of 2020's historic slump was reduced to 10.4% from 11.0%, in line with preliminary guidance on Sept. 1. Growth in 2022 was revised up to 4.3% from 4.1%.

Persons: Rachel Adams, Jeremy Hunt, Ruth Gregory, Thomas Pugh, Capital's Gregory, David Milliken, Andy Bruce, William James, Toby Chopra Organizations: Oxford, REUTERS, National Statistics, European Union, Capital Economics, The Bank of England, RSM, Reuters Graphics Reuters, ONS, Thomson Locations: Britain, London, Germany, France, United States, Japan, Italy, Canada, Ukraine

☆ The consequences of old, powerful politicians refusing to let go
▼ + stars: | 2023-09-29 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —Most people don’t want to work into their 80s and 90s, but the powerful in Washington refuse to let go. “Anybody who thinks that if I step down, Obama could appoint someone like me, they’re misguided,” she told Elle in 2014. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. What voters like most of all is what they knowThe most powerful force in American politics isn’t age or ideas, but rather incumbency. Everyone may have to work longer in the futureAmerican life expectancy, despite advances in medical care, was 77.4 in 2020.

Persons: Sen, Dianne Feinstein, California Democrat –, –, Gavin Newsom, Feinstein, Mitch McConnell, Nancy Pelosi, Pelosi, ” Pelosi, CNN’s Anderson Cooper, ”, “ He’s, Mitt Romney, ” Romney, Biden, Donald Trump, George H.W, George H.W . Bush, Clarence Thomas –, Thurgood Marshall, Marshall, ” Marshall, Bill Clinton, Ginsburg, Ruth Bader Ginsburg, Obama, “, Elle, Barack Obama, Amy Coney Barrett, Antonin Scalia, Nikki Haley, Trump, Haley, Ronald Reagan, Harry Enten, midterms, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd, John McCain Organizations: CNN, California Democrat, California Gov, Capitol, Republican, Republicans, KGO, Utah Republican, Democrat, Former South Carolina Gov, Trump, Senate, Arizona Republican, Social Security Locations: Washington, California, Francisco, Utah, George H.W ., Former, West Virginia

☆ U.S. astronaut Rubio and two Russian cosmonauts land in Kazakhstan
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

[1/3] A view shows the Soyuz MS-23 spacecraft (L) carrying Roscosmos cosmonauts Sergey Prokopyev, Dmitry Petelin and NASA astronaut Frank Rubio, who get prepared to leave the International Space Station and head for a parachute-assisted landing on the steppe of Kazakhstan, September 27, 2023. "The crew have returned to earth after a year on the ISS," Russia's Roscosmos, Russia's space corporation, said after the landing on time at 1117 GMT. Rubio, who is 47 and on his first space voyage, travelled back to Earth with Russian cosmonauts Sergey Prokopyev, 48, and Dmitry Petelin, 40. That gave the two Russians and Rubio an unexpectedly extended mission of 371 days in orbit. On Sept. 11, Rubio surpassed the previous NASA record of 355 consecutive days in space set by now-retired U.S. astronaut Mark Vande Hei.

Persons: Sergey Prokopyev, Dmitry Petelin, Frank Rubio, Konstantin, Rubio, he's, Prokopyev, Mark Vande Hei, Russia's Valeri Polyakov, Polyakov, Roscosmos, Guy Faulconbridge, Steve Gorman, Mark Trevelyan, Gareth Jones Organizations: NASA, Space Station, U.S, Space, Soyuz, Army, Blackhawk, Thomson Locations: Kazakhstan, ALMATY, Zhezqazghan, Moscow, Los Angeles, Miami, U.S, Bosnia, Afghanistan, Iraq

☆ The US got soldier Pvt. Travis King back from North Korea in a 'complex operation' involving both friends and foes, White House reveals
▼ + stars: | 2023-09-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

A US Army soldier who crossed into North Korea is back in American custody, the White House said. Senior administration officials on Wednesday detailed aspects of the "complex operation" to bring him home. AdvertisementAdvertisementA US Army soldier who unexpectedly crossed into North Korea two months ago is now in American custody, senior Biden administration officials revealed on Wednesday. North Korea said earlier that it would expel Pvt. The US did not give any concessions to North Korea in exchange for King.

Persons: Travis King, —, Jake Sullivan, King, Washington Organizations: US Army, Service, Army, Biden, Joint Security, National, King, White, Korean Central News Agency Locations: North Korea, Korea, North, South Korea, Sweden, China, Pyongyang, Swedish, Washington, Beijing, Russia, Ukraine, Korean, Texas

☆ Yen falls to fresh 11-month low against dollar, focus on intervention risks
▼ + stars: | 2023-09-25 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - The dollar rose against the yen to an almost 11-month high on Monday following last week's gains, keeping traders focused on Japan intervention risks. The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year. A yen overshooting would be seen by many as a catalyst for renewed interventions to strengthen the Japanese currency, similarly to last year, she added. EURO FACES GROWTH FEARSThe euro edged 0.1% lower to $1.0633, moving towards a six-month low of $1.0615 touched on Friday against a stronger dollar.

Persons: Florence Lo, Kazuo Ueda, Esther Reichelt, Nick Rees, we've, Reichelt, Francois Villeroy de Galhau, Sterling, Joice Alves, Alun John, Ed Osmond, Bernadette Baum Organizations: U.S, REUTERS, Commerzbank, Federal Reserve, FX, Monex, SBB, European Central Bank, Bank, Thomson Locations: Japan, Swedish, Monex Europe, London

☆ Strong dollar sends yen to 11-month low, focus on intervention risks
▼ + stars: | 2023-09-25 | by ( Joice Alves | ) www.reuters.com time to read: +3 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. In the broader currency market, the dollar steadied after last week's gains as the Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen was last flat at 148.38 per dollar after falling to its lowest level of 148.49 per dollar since late October. "It is possible of course that exactly such fears of interventions might have prevented a weaker yen for now". The dollar index , which on Friday touched an over six-month high, firmed at 105.64 and was last 0.1% higher.

Persons: Florence Lo, Kazuo Ueda, Ueda, Esther Reichelt, Reichelt, Francois Villeroy de Galhau, Sterling, Joice Alves, Rae Wee, Ed Osmond Organizations: U.S, REUTERS, Bank of Japan, Federal Reserve, European Central Bank, Bank, Thomson Locations: Japan, London, Singapore

☆ The objects we keep when loved ones die — and what they say about mourning
▼ + stars: | 2023-09-25 | by ( Oscar Holland | ) edition.cnn.com time to read: +8 min

In the years since, she has gathered the stories behind dozens of objects that people have kept after their loved ones died. Jody Servon and Lorene Delany-Ullman/savedobjectsofthedead.com This metal colander is among the everyday items that Servon's interviewees selected for the project. Jody Servon and Lorene Delany-Ullman/savedobjectsofthedead.com This item tells the story of a woman, Elaine, who sewed and sold star-shaped gifts prior to her murder. Jody Servon and Lorene Delany-Ullman/savedobjectsofthedead.com "Saved: Objects of the Dead," published by Artsuite (Wilson, NC), is available now. Jody Servon and Lorene Delany-Ullman/savedobjectsofthedead.comPower of memoryServon and Delany-Ullman say the project has been therapeutic for the interviewees — and themselves.

Persons: Jody Servon’s, “, ” Servon, Jody Servon, Lorene Delany, Ullman, she's, Delaney, Elaine, Mary, Nancy Fowler, Conyers, Virgin Mary, Artsuite, ”, Servon, she’s, ” Delany, “ Grace, Alan’s, savedobjectsofthedead.com There’s, Grace, Delany, doesn’t Organizations: CNN, Appalachian State University Locations: Bavarian, Wilson , NC, North Carolina

☆ Sliding yen raises intervention threat, dollar reigns
▼ + stars: | 2023-09-25 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "I don't think the level matters that much and will be the trigger (for intervention). Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.05% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.58.

Persons: Florence Lo, Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling, Thierry Wizman, Rae Wee, Christopher Cushing Organizations: U.S, REUTERS, Rights, Bank of Japan, Reserve, Commonwealth Bank of Australia, Treasury, Bank, Fed, New Zealand, Thomson Locations: Rights SINGAPORE, Washington, Japan, U.S

☆ Sliding yen stokes intervention threat; dollar reigns
▼ + stars: | 2023-09-25 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "I don't think the level matters that much and will be the trigger (for intervention). Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.04% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.57 in early Asia trade.

Persons: Florence Lo, Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling steadied, Thierry Wizman, Rae Wee Organizations: U.S, REUTERS, Rights, Bank of Japan, Reserve, Commonwealth Bank of Australia, Treasury, Bank, Fed, New Zealand, Thomson Locations: Rights SINGAPORE, Washington, Japan, U.S, Asia

☆ Slump in UK retail sales eases in September, CBI says
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

The CBI's September monthly retail sales survey - conducted between Aug. 25 and Sept. 13 - showed the headline balance rebound to a three-month high of -14 from August's more than two year low of -44. "There are some elements of optimism in our survey with retailers expecting the recent fall in sales to continue to ease," CBI Principal Economist Martin Sartorius said. Retailers' expected sales balance for October rose to a three-month high of -8. Britain's most recent official retail sales data showed a 0.8% month-on-month growth in sales volumes in August after a sharp 1.1% drop in July, when unusually wet weather upset normal summer spending patterns. The chief executive of supermarket Aldi UK said on Monday that cost of living concerns continued to influence food shopping habits.

Persons: Peter Nicholls, Martin Sartorius, David Milliken, Kylie MacLellan Organizations: REUTERS, of British Industry, CBI, Bank of, Aldi, Thomson Locations: London, Britain, Bank of England

☆ Sliding yen stokes intervention threat, dollar reigns
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: +3 min

An employee counts Japanese 10,000 yen banknotes at the Birdy Exchange in Hong Kong, China. Several factors were supporting the recovery in the Japanese yen on Tuesday. Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.04% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.57 in early Asia trade.

Persons: Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling steadied, Thierry Wizman Organizations: Birdy, Bank of Japan, Reserve, Commonwealth Bank of Australia, U.S, Treasury, Bank, Fed, New Zealand Locations: Hong Kong, China, Washington, Japan, U.S, Asia

Those advocates still face one giant hurdle: FDA regulators say the treatment hasn't been shown to work. But with the backing of thousands of ALS patients, Brainstorm took the rare step of “filing over protest,” essentially forcing the agency to render a decision. Still, ALS patients see reasons for optimism. At Wednesday’s meeting, people with such reservations are certain to be outnumbered by appeals from ALS patients and their families. That compromise would be similar to FDA's approach to Relyvrio last year, another ALS drug with questionable data.

Persons: Lou Gehrig’s, drugmaker, they’re, ”, Marc Scheineson, Brian Wallach, Wallach, “, Brainstorm’s, NurOwn, Patricia Manhardt, Anthony Windebank, reanalyzing, weren’t, Terry Heiman, Patterson, it’s, Holly Fernandez Lynch, Matthew Perrone Organizations: WASHINGTON, Drug Administration, FDA, drugmakers, Congress, Obama White House, ALS Association, Mayo Clinic, Physicians, Temple University, University of Pennsylvania, Twitter, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP

☆ Deutsche Bank examined economic data going all the way back to the 1700s and narrowed down the 4 criteria that indicate a recession is coming — and the US economy just triggered the final warning sign
▼ + stars: | 2023-09-24 | by ( Mark Reeth | ) www.businessinsider.com time to read: +8 min

And while 12 months of speculation can seem like a lifetime for investors who just want an answer, it's really only a small moment in economic history. Reid and his team spotted plenty of patterns in all that data, including the common warning signs of a recession. For example, scholars and economists have been tracking recession data in the UK since 1700, while Italy only began tracking recessions in 1980. Reid wrote that black swan events such as geopolitical shocks, natural disasters, and global pandemics happen more often than people think. "And that's before we get on to more traditional causes of recessions, like monetary tightening or speculative bubbles," Reid wrote.

Persons: it's, Jim Reid, Reid, would've, Deutsche Bank Reid Organizations: Deutsche Bank Locations: Canada, France, Germany, Italy, Japan

☆ Deep trenches, cheap drones, and a more efficient war machine are just some of the ways Russia has improved since it first invaded Ukraine
▼ + stars: | 2023-09-24 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Russia expected a swift victory against Ukraine when it first invaded the country last February. Russia has since improved its weapons and defense, setting the stage for a long, deadly war. Russia has also adapted to Ukraine's weapons, setting up air defense systems that can shoot down missiles and drones and tools that can jam the other side's GPS signals. While Russia takes down Ukraine's drones, the country has stockpiled cheap drones of its own from China, the Journal reported. Putin has indicated that he was bracing for a long war in Ukraine as the death toll racks up, Reuters reported.

Persons: Vladimir Putin's, James Hecker, George Barros, Mark Milley, Putin Organizations: Ukraine, Service, CNN, Street Journal, US Air Forces, Institute for, Joint Chiefs, Staff, Reuters, New York Times Locations: Russia, Wall, Silicon, Ukraine, Moscow, West, Europe, China, Ukrainian

UNITED NATIONS (AP) — Inside, with speeches and machinations and carefully deployed elbows, those who administer the world persist in their search for the elusive path to peace. “Bring lasting peace,” said Pravind Jugnauth, prime minister of Mauritius. Malaysian Prime Minister Anwar Ibrahim spoke of “the imperative to make peace." In July, visiting Indian Prime Minister Narendra Modi used the North Lawn, adjacent to the wooded area, to perform yoga poses as part of his visit. But for one tranquil moment, for one brief respite from the world's most high-stakes conversations, that's more than sufficient.

Persons: ”, Said, Pravind Jugnauth, Anwar Ibrahim, Pendarovski, Siaosi Sovaleni, “, Narendra Modi, Ukraine —, It's, Ted Anthony, General Assembly's Organizations: UNITED NATIONS, United Nations, Hall, New, Malaysian, Indian, —, Associated Press Locations: Manhattan, New York City, Queens, United, Mauritius, North Macedonia, Tonga, India, Pakistan, Armenia, Azerbaijan, Russia, Ukraine, East

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