DIRS.INFO The most relevant business & tech news

The government said it was imposing the ban after retail rice prices climbed 3% in a month as late monsoon rains damaged crops. While a late monsoon caused a major shortfall of rain up to mid-June, heavy rains since have caused significant damage. India accounts for more than 40% of world rice exports but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather. His administration has extended a ban on wheat exports after curbing rice shipments in September 2022. "India would disrupt the global rice market with far greater velocity than Ukraine did in the wheat market with Russia's invasion," B.V. Krishna Rao, president of the Rice Exporters Association told Reuters.

Persons: Rice, Narendra Modi, Krishna Rao, Rao, El, Michael Hogan, Jan Harvey, David Evans, Conor Humphries Organizations: Rice, Association, Reuters, El, Farmers, El Nino, Thomson Locations: India, Ukraine, DELHI, Asia, Thailand, Vietnam, New Delhi, Punjab, Haryana, Rice, West Bengal, Bihar, Chhattisgarh, Andhra Pradesh, Telangana, China, Philippines, Hamburg

☆ Bain Capital raises SoftwareOne takeover offer to $3.7 billion, Bloomberg reports
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter. The private equity firm has tabled a new proposal of around 20 francs per share for the Swiss software management company, the report said. SoftwareOne and Bain Capital declined to comment on the report. The reported new offer is at a premium of 43.6% from SoftwareOne's last close on May 31, when Bain first presented an offer to the Swiss firm valuing it at $3.2 billion. SoftwareOne helps companies manage software purchases from vendors such as Microsoft, Adobe and IBM.

Persons: SoftwareOne, Bain, Daniel von Stockar, Rene Gilli, Kanjyik Ghosh, Paul Arnold, David Evans, Jan Harvey, Frances Kerry Organizations: Bain Capital, SoftwareOne, Bloomberg, Microsoft, Adobe, IBM, Thomson Locations: Swiss, SoftwareOne's, Bengaluru, Zurich

☆ Air forces are ditching runways to prepare their jets to keep operating when enemies aim for their bases
▼ + stars: | 2023-07-19 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

It is meant to be a test of the British air force's ability to operate away from its main bases. Some air forces moved away from that capability after the Cold War and now have to train for it again. US Air Force/Senior Airman Jonathan Valdes MontijoThe US military has also been planning distributed air operations from unconventional airfields and runways. When done correctly, ACE "complicates the enemy's targeting process, creates political and operational dilemmas for the enemy, and creates flexibility for friendly forces," according to the Air Force's ACE doctrine. Gen. James Hecker, the head of US Air Forces in Europe, said last year that his command was sending airmen to study the Swedish approach.

Persons: Jon Hobley, Air Marshal Harvey Smyth, Smyth, Janis Laizans, Sweden's JAS, Jonathan Valdes Montijo, Phil Speck, James Hecker, " Hecker, Janes, Stavros Atlamazoglou Organizations: Service, Royal Air Force Eurofighter, FGR4, Coningsby, Getty, NATO, Britain's Royal Air Force, Air, Aviation, RAF, REUTERS, US Air Force, Marine Corps, Agile, US Air National Guard, Air Force, Aircraft, US Air Forces, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Wall, Silicon, Ukraine, London, Finland, Finnish, Russia, Sweden, Guam, Estonia, Wyoming, Europe, Swedish, Johns

Smith’s office interviewed Georgia Secretary of State Brad Raffensperger last month as part of the federal probe into Trump’s efforts to subvert the peaceful transition of power. Raffensperger, an elected Republican, repeatedly pushed back on Trump’s demands in 2020, as he and his family, in addition to other election workers in the state, faced an onslaught of threats. Harvey left his job at the secretary of state’s office about six months after the 2020 election. Separately, a grand jury in Fulton County is expected to consider state charges against Trump and his Republican allies for trying to overturn the 2020 election in Georgia. Fulton County District Attorney Fani Willis, an elected Democrat, launched the investigation in early 2021, and has indicated that final charging decisions could come next month.

Persons: Donald Trump’s, Brad Raffensperger’s, Jack Smith, Donald Trump, ”, Brad Raffensperger, Chris Harvey, Harvey, Trump, Fani Willis Organizations: CNN, Federal, Farm Arena, baselessly, FBI, Georgia, Republican Locations: Atlanta’s, Georgia, Atlanta , Georgia, Fulton, Fulton County

Brent futures rose $1.13, or 1.4%, to settle at $79.63 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.60, or 2.2%, to settle at $75.75. Higher interest rates increase borrowing costs and can slow economic growth and reduce oil demand. Energy traders expect "the oil market will remain tight as Russian shipments drop and as China prepares to provide more support to households," said Edward Moya, senior market analyst at data and analytics firm OANDA. Looking ahead, the oil market is waiting for U.S. oil inventory data from the American Petroleum Institute (API), an industry group, on Tuesday and the EIA on Wednesday. Analysts in a Reuters poll forecast a 2.4-million barrel draw from U.S. crude stocks during the week ended July 14.

Persons: Edward Moya, Kristalina Georgieva, Gelber, Natalie Grover, Stephanie Kelly, Andrew Hayley, David Holmes, Jan Harvey, Jonathan Oatis Organizations: . Federal, U.S, West Texas, ING, Energy, Monetary, U.S . Energy Information Administration, American Petroleum Institute, Associates, World Meteorological Organization, Thomson Locations: China, U.S, Europe, Asia, London, New York, Beijing

Summary U.S. dollar falls to 15-month low against basket of currenciesU.S. oil output to decline in August - EIA outlookUpcoming - U.S. oil inventory data from API and EIANEW YORK, July 18 (Reuters) - Oil prices climbed more than 1% on Tuesday as a weaker U.S. dollar and expected decline in U.S. output outweighed softer-than-expected Chinese economic data. Higher interest rates increase borrowing costs and can slow economic growth and reduce oil demand. CRUDE DEMAND STILL A CONCERNComments that global economic growth activity is slowing helped keep crude price gains in check. In the U.S., shale oil production will likely decline in August for the first time since December, projections from the EIA show. Global supplies are expected to see a boost from the resumption of output at two of three Libyan fields that were shuttered last week.

Persons: Brent, Kristalina Georgieva, Jun Rong Yeap, Natalie Grover, Stephanie Kelly, Andrew Hayley, Jason Neely, David Holmes, Jan Harvey Organizations: U.S, West Texas, U.S ., . Federal, American Petroleum Institute, U.S . Energy Information Administration, Monetary Fund, IG, Thomson Locations: China, U.S, Singapore, London, New York, Beijing

☆ Fact Check-Image shows Stephen King cover art, not a real article saying JKF survived assassination
▼ + stars: | 2023-07-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Cover art that featured on the back of a Stephen King novel is circulating online with the false claim that it shows an authentic news article reporting that U.S. President John F. Kennedy survived his assassination in 1963. Examples of the image shared online can be seen (here) and (here). A search for the image shows that it featured in an article published by the SFGATE in 2015 reporting on a TV series based on the novel (here). Authentic headlines published in 1963 reporting on Kennedy’s assassination can be seen in The Connecticut Post and Business Insider (here), (here). The image does not show an authentic news article reporting that John F. Kennedy survived his assassination and instead, shows cover art that featured on the back of Stephen King’s novel, “11/22/63.”This article was produced by the Reuters Fact Check team.

Persons: Stephen King, John F, Kennedy, JFK, “ JFK, ”, Jack Epping, Earl Warren, Lee Harvey Oswald, Stephen King’s, Read Organizations: Daily, Facebook, Darhansoff, Verrill, Agents, The Connecticut Post, Business, Chief, Reuters Locations: The Connecticut, Dallas , Texas

☆ The QAnon Shaman's plan to get his guilty plea reversed is 'silly' — and might land him back in prison, ex-prosecutor says
▼ + stars: | 2023-07-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The QAnon Shaman, who pleaded guilty to his January 6 involvement, wants his plea reversed. "Regrets only weigh down the mind," Chansley told the BBC in a report published this week. Chansley told the news outlet that statements his former lawyer made in an attempt to get him a lesser sentence were not true. "I never said I was duped by [former President Donald] Trump," Chansley told the BBC. Meanwhile, Aidala told Insider that Chansley should be "grateful that he is no longer incarcerated and that he has his freedom."

Persons: Jacob Chansley, Jacob Chansley's, Arthur Aidala, Ghislaine Maxwell, Harvey Weinstein —, He's, Aidala, Chansley, Donald, Trump, Q, Albert Watkins, Watkins, Lil Wayne Organizations: Service, Capitol, BBC, Trump Locations: Brooklyn , New York, Wall, Silicon

☆ Harvey Weinstein is demanding $1 million from a man he claims stole his Banksy paintings
▼ + stars: | 2023-07-18 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Harvey Weinstein says a man lent him $350,000 for bail but won't return art used as collateral. He's demanding the return of the other Banksy and six other works — or $1 million. Reich is refusing to hand the remaining Banksy over, along with six other works of art that he'd been holding in case the Banksy works lost value. Robert Hantman, Weinstein's lawyer, said the two men were acquaintances and Reich lent Weinstein the money when he was trying to make bail. The lawsuit seeks the return of whatever Banksy works Reich might still have, as well as the other six works.

Persons: Harvey Weinstein, Banksy, Weinstein, Steven Michael Reich, Reich, he'd, Robert Hantman, Reich didn't, Alfred Eisenstaedt, Ron Agam Organizations: Service, Mohawk Correctional Locations: Wall, Silicon, Manhattan, Los Angeles, York

BRUSSELS, July 18 (Reuters) - French President Emmanuel Macron on Tuesday criticised EU antitrust chief Margrethe Vestager's decision to hire a U.S. economist over a European to help oversee Big Tech, adding her previous work could lead to conflicts of interest. Macron added he was "attached to reciprocity", and noted that the U.S. and China would not have appointed an overseas national in such a role. Scott Morton will advise the European Commission on its investigations into Big Tech and its enforcement of a series of landmark rules to rein in tech giants. Macron pointed to her previous work for "many companies" as something that could also result in conflicts of interest. She said previous chief economists at the Commission had also done consulting work without posing any issues.

Persons: Emmanuel Macron, Margrethe Vestager's, Vestager, Fiona Scott Morton, Barack Obama's, Macron, Scott Morton, Jean Tirole, Scott Morton's, Sudip Kar, Bernadette Baum, Sharon Singleton, Jan Harvey Organizations: Big Tech, U.S . Department of Justice, European Union, Commission, Thomson Locations: BRUSSELS, Europe, China

☆ GM can't build or deliver new vehicles fast enough, exec says
▼ + stars: | 2023-07-17 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/2] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoCompanies General Motors Co FollowLANSING, Michigan, July 17 (Reuters) - General Motors is seeing strong demand for many of its U.S. vehicles, but can't deliver them to dealers fast enough, one of the company's top executives told Reuters on Monday. But the automaker faces outbound logistics challenges in the aftermath of COVID, he said, particularly in shipping vehicles to dealers, whether by truck or rail. "We would still like to improve our availability on the ground at dealers," Harvey said. We will see another step change in terms of their (sales) performance in the second half of the year."

Persons: Rebecca Cook, Rory Harvey, Harvey, I'm, Ultium, Paul Lienert, David Evans Organizations: General Motors, REUTERS, Reuters, GM, North America, GMC, EV, Cadillac, Hummer, P Global Mobility, Thomson Locations: Detroit , Michigan, U.S, LANSING , Michigan, Lansing , Michigan, Detroit

☆ Biden’s ‘Final’ Order on Kennedy Files Leaves Some Still Wanting More
▼ + stars: | 2023-07-16 | by ( Peter Baker | More About Peter Baker | ) www.nytimes.com time to read: +1 min

On June 22, 1962, an intelligence official drafted a memo summarizing a letter intercepted between Lee Harvey Oswald and his mother. The memo was made public long ago. Now it can finally be told: According to an unredacted copy of the memo released recently by the government, the official who intercepted Oswald’s mail for the C.I.A. in the months before President John F. Kennedy was assassinated was named Reuben Efron. Going forward, agencies will decide any future disclosures that may be warranted by the passage of time.

Persons: Lee Harvey Oswald, John F, Kennedy, Reuben Efron, Oswald, Biden Organizations: Congress

As investors bet on a milder inflation outlook, the MSCI World Equity index (.MIWD00000PUS) rose to its highest so far this year. BOND YIELD BOUNCEU.S. government bond yields bounced back slightly on Friday after sharp declines earlier in the week. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 10.6 bps at 4.717%. "Getting the 3% (inflation reading) is one thing, getting back to 2% is going to be a much harder task," Villamin said. LOWER DOLLAR HOLDSThe dollar hovered near a 15-month low on Friday and was set for its biggest weekly decline since November after softening U.S. inflation data.

Persons: Brendan McDermid, Germany's DAX, Michele Morganti, Morganti, Norman Villamin, We're, Villamin, Brent, Lawrence Delevingne, Elizabeth Howcroft, Jan Harvey, Nick Macfie Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Wednesday U.S, JPMorgan Chase, UnitedHealth, Dow Jones, Nasdaq, Generali Investments, Treasury, Brent, Thomson Locations: New York City, U.S, Rome, Libya, Nigeria, Boston, London

☆ Cathay Pacific expects up to $576 mln first-half profit as demand jumps
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

Cathay Pacific booked record losses in the last three years as it parked much of its fleet during the pandemic amid COVID-related flight cancellations and drastic headcount cuts. As a result, its passenger load factor was 87.2% for the first half, compared with 59.2% last year. "Turning to July and August, on the travel side the outlook is encouraging," Cathay Pacific said. For fiscal 2023, Cathay Pacific is expected to log profit of HK$3.92 billion, according to a Refinitiv estimate, a huge swing from a HK$7.16 billion loss last year. ($1 = 7.8146 Hong Kong dollars)Reporting by Sameer Manekar in Bengaluru, additional reporting by Donny Kwok in Hong Kong; Editing by Sohini Goswami, Nivedita Bhattacharjee, Tom Hogue and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Hong, Sameer Manekar, Donny Kwok, Sohini Goswami, Nivedita Bhattacharjee, Tom Hogue, Jan Harvey Organizations: Cathay Pacific Airways, HK, Cathay Pacific, Cathay, Hong Kong, Association, Airlines, Hong Kong's, Thomson Locations: North America, Australasia, Hong Kong, Air China, Cathay Pacific, Bengaluru

☆ Are you owed a slice of the $100 million fine Bank of America has to pay?
▼ + stars: | 2023-07-14 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Bank of America was fined $250 million this week by US federal regulators for allegedly harming customers by double-dipping on fees, withholding credit card rewards and opening fake accounts. Of those fines, $100 million is set to go directly to consumers who were impacted by the bank’s alleged wrongdoing. People are generally bad at keeping or knowing how to access relatively recent bank records, said Harvey Rosenfield, founder of Consumer Watchdog, a nonprofit consumer advocacy group. It’s unlikely the average customer saved copies of their bank records or credit reports for over a decade, he said. As part of the agreement Bank of America settled with the CFPB, it is also required to identify consumers who were harmed.

Persons: they’re, you’re, you’ve, there’s, Bank of America’s, Harvey Rosenfield, didn’t, CFPB Organizations: New, New York CNN — Bank of America, Consumer Financial Protection Bureau, CNN, Bank of America, Bank of, Consumer Watchdog, Bank, of America Locations: New York

☆ Exclusive: Russia sets plans for oil export cuts in August - sources
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +3 min

Moscow this month pledged to cut exports by 500,000 bpd in August, while Saudi Arabia extended its 1 million bpd output cuts. Russia exports oil and products via the Pacific and a direct pipeline to China as well as its European ports. Three sources familiar with the matter told Reuters that Russia had instructed oil companies to reduce supply plans for the next month. Russian offline primary oil refining capacity is seen rising by 40% in August from July, making additional oil export cuts next month even tougher for many. If Russia wants to cut oil exports in August from July, companies may postpone some planned works to autumn months to increase domestic oil consumption, or cut oil production, traders said.

Persons: Alexander Novak, Novak, Igor Sechin, Rosneft, Jan Harvey Organizations: Pacific, Reuters, OPEC, Thomson Locations: Russia, Ukraine, MOSCOW, Moscow, Saudi Arabia, OPEC, Ust, Luga, Baltic, China

☆ EU Commission sticks to US economist pick for senior antitrust job
▼ + stars: | 2023-07-14 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, July 14 (Reuters) - The European Commission stuck to its guns on Friday, saying it was not reconsidering EU antitrust chief Margrethe Vestager's pick of a U.S. economist to a senior job helping to oversee Big Tech despite criticism from French ministers and EU lawmakers. Fiona Scott Morton, 56, the former chief economist at the U.S. Department of Justice during former President Barack Obama's tenure, will take up her three-year stint on Sept. 1 when the current chief economist, Pierre Regibeau, retires. She will be the first non-EU national, first U.S. national and first woman for the job. They cited the strategic importance of the post, potential conflicts of interest due to Scott Morton's previous work with Big Tech, and her previous public antitrust comments. Head of the centre-right group European People's Party Manfred Weber, president of the liberals' group Renew Europe Stephane Sejourne, head of the socialists group Iratxe Garcia Perez and the heads of the green party Philippe Lamberts and Terry Reintke said they opposed the new hire.

Persons: Margrethe Vestager's, Fiona Scott Morton, Barack Obama's, Pierre Regibeau, Vestager, Scott Morton's, Dana Spinant, European People's Party Manfred Weber, Europe Stephane Sejourne, Iratxe Garcia Perez, Philippe Lamberts, Terry Reintke, Scott Morton, Foo Yun Chee, Jan Harvey Organizations: European Commission, Big Tech, U.S . Department of Justice, EU, European People's Party, Thomson Locations: BRUSSELS, U.S, Europe

Vertical thrusters Horizontal thruster Viewport Horizontal thruster Vertical thrusters Horizontal thruster Viewport Horizontal thruster Titanium hemisphere Carbon fiber cylinder Titanium hemisphere Titanium hemisphere Carbon fiber cylinder Titanium hemisphereTitan had several cost-saving departures from proven submersible designs. And Titan’s carbon fiber cylinder was attached to titanium hemispheres, creating several joints of dissimilar materials that are challenging to bond properly. Titan Hull The pressure applied to a pill shape is distributed disproportionately and may cause collapse similar to a soda can being crushed. Titan The Polar Prince towed the Titan submersible through a harbor in St. John’s, Newfoundland, in May. Dolores Harvey/Alamy Alvin Alvin is brought out to sea aboard a scientific ship like Atlantis, shown here lifting Alvin over the water.

Persons: Hull, Alvin Hull, OceanGate, Oisin Fanning Alvin, Alvin, Tim Foecke, ”, Foecke, Rush, Arnie Weissmann, Dolores Harvey, Alvin Alvin, Andrew Von Kerens, submersibles, Alfred S, McLaren, Navy submariner, Kedar Kirane, Mr, Kirane Organizations: Titan, The New York Times, Oceangate, Oceanographic, Alvin, Stockton Rush, Travel, Explorers Club of New Locations: St, John’s, Newfoundland, Navy, Explorers Club of New York City

LONDON/BEIJING, July 13 (Reuters) - The Shanghai Futures Exchange (ShFE) is looking to expand its commodities warehousing network outside China, and is examining systems and regulations in the sector overseas, three sources with direct knowledge of the matter told Reuters. China, the world's largest consumer and producer of industrial metals such as copper, wants domestic players to be able to exert more influence over prices, the sources said. To achieve that, two of the sources said, it launched an international copper futures contract in November 2020 on the Shanghai International Energy Exchange (INE). KEY DIFFERENCESSources say there are a couple of major differences between the way warehousing works in China and the rest of the world. Outside China, metal is insured by its owner and the warehouse company is typically only liable if it was proved negligent.

Persons: ShFE, Pratima Desai, Veronica Brown, Jan Harvey Organizations: LONDON, Shanghai Futures Exchange, Reuters, bourse, London Metal Exchange, Shanghai International Energy Exchange, Hong Kong Exchanges, HK, South East, Thomson Locations: BEIJING, China, United States, Europe, Asia, The London, LME, Singapore, Thailand, South East Asia

☆ Taiwan proposes stricter sexual harassment laws after #MeToo erupts
▼ + stars: | 2023-07-13 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

TAIPEI, July 13 (Reuters) - Taiwan's cabinet on Thursday proposed stricter laws against sexual harassment as a recent surge in allegations brought the #MeToo movement to the island nearly six years after it gained global prominence. Under the revised laws, an employer found guilty of sexual harassment could be fined up to T$1 million ($32,306) and jailed for up to three years. Her Facebook post sparked a wave of sexual harassment and assault allegations that has spread beyond the political sphere to other sectors ranging from academia to the entertainment industry. The measures accompanying the legal reforms include setting up a counselling hotline and training more case investigators. Senior DPP officials including President Tsai Ing-wen have apologised to the sexual harassment victims and the public over the allegations.

Persons: Harvey Weinstein, Lo Ping, cheng, Lo, Lin Tze, luen, Tsai Ing, Sarah Wu, Devika Organizations: Hollywood, Democratic Progressive Party, Facebook, Thomson Locations: TAIPEI, Taiwan

☆ Why better-than-expected earnings this reporting season may have trouble boosting market further
▼ + stars: | 2023-07-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

They are very high, and that may prevent stock prices from moving forward even if earnings reports exceed estimates. The earnings "apocalypse" — the collapse in earnings that many feared would be coming along with a serious recession in 2023 — has not materialized. What this means is that the price of the S & P 500 has gone up to due multiple expansion, not because earnings estimates have been rising dramatically. Bottom line: The S & P 500 at 4,400 with forward earnings at $230 today (19.2 multiple) is not nearly as appealing as the S & P was in January, when it was at 3,800 with forward earnings at $220 (17.2 multiple). It's the easiest path to get the overall market higher.

Persons: Savita Subramanian, —, Chris Harvey, Wells, Nick Raich, Nicholas Colas, DataTrek Organizations: BofA Securities, Delta, Microsoft, Nvidia, P Technology, Big Tech Locations: Wells Fargo

☆ What the Hollywood Actors and Writers Strikes Mean for TV and Movies
▼ + stars: | 2023-07-13 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

For more than two months, viewers have been without new episodes of late-night shows like “The Late Show With Stephen Colbert,” “Jimmy Kimmel Live!” and “The Tonight Show Starring Jimmy Fallon” because of the writers strike. With the actors now voting to strike too, viewers are likely to notice the effects of the dual walkouts more broadly within the next couple of months. Unless there is an immediate resolution to the labor disputes, the fall television lineup is almost certain to be affected. Instead of new episodes of “Grey’s Anatomy” or “Abbott Elementary,” the ABC fall lineup in September will be populated by a combination of reality series, game shows and reruns. That means lots of episodes of “Celebrity Wheel of Fortune,” “Dancing With the Stars” and “Judge Steve Harvey.”Likewise, the Fox broadcast network announced its fall lineup on Wednesday, and it is packed with unscripted series like “Celebrity Name That Tune,” “The Masked Singer,” “Kitchen Nightmares” and “Snake Oil,” a new game show hosted by David Spade.

Persons: Stephen Colbert, ”, Jimmy Kimmel, Jimmy Fallon ”, “, Abbott, Steve Harvey, Singer, David Spade Organizations: ABC, Fox

☆ Wall Street cheers cool CPI with stock rally; dollar, yields decline
▼ + stars: | 2023-07-12 | by ( Lawrence Delevingne | Thomson Reuters | Delevingne Works Primarily On Enterprise Stories Related To Finance. He Joined Reuters In | ) www.reuters.com time to read: +4 min

REUTERS/Ralph OrlowskiSummaryCompanies U.S. CPI data for June shows inflation slowdownWall Street stocks gainDollar, Treasury yields dropOil and gold gainJuly 12 (Reuters) - Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.865%, down 11.9 basis points . Wall Street banks overall are expected to report higher profits as rising interest payments offset a downturn in deal making.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Will Dunham, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, CPI, Bank of England, U.S, Sit Investment, Fed, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Wednesday, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Wednesday ., Boston, London, Singapore, Carolina, New York

☆ US dollar stumbles, drops to more than one-year low as inflation eases in June
▼ + stars: | 2023-07-12 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

[1/2] U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. The greenback also hit its lowest against the Swiss franc since early 2015 after the inflation report. Data showed core U.S. consumer prices rose just 0.2% in June, compared with forecasts for a gain of 0.3%. The monthly rise in core prices was the smallest since August 2021. Against the yen, the dollar dropped to a six-week low of 138.17 yen .

Persons: Lee Jae, Simon Harvey, Jordan Rochester, Sterling, Gertrude Chavez, Dreyfuss, Ann Saphir, Chris Reese, Andrea Ricci Organizations: REUTERS, Swiss, Swiss National Bank, Nomura, Bank of England, Thomson Locations: Seoul, Swiss, U.S, London, Norwegian, Swedish, United States

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.853%, down 12.9 basis points . EARNINGS AHEADOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, dealmaking, Boston, London, Singapore, Carolina, New York

Search resuls for: "Harvey"

25 mentions found