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☆ Harvard president's resignation draws strong reactions from her critics and supporters
▼ + stars: | 2024-01-02 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Claudine Gay is out as the president of Harvard. Gay announced Tuesday in a letter that she was stepping down, and reactions have poured in on social media from both her supporters and critics. AdvertisementElon Musk voiced his agreement with a social media user's post that said Gay had been "caught plagiarizing." I admire Claudine Gay for putting Harvard's interests first at what I know must be an agonizingly difficult moment. AdvertisementNot everyone celebrated Gay's resignation.

Persons: Claudine Gay, Gay, —, Larry Summers, Gay's, Elon Musk, Emil Michael, Uber's, Alan Garber, — Lawrence H, Summers, Bill Ackman, Ackman, hasn't, Sally Kornbluth, Elizabeth Magill, it’s, 3yUDw6tciF — Emil Michael, @emilmichael, Christopher Rufo, Rufo, Elon, Jason Calacanis, Timnit Gebru, Couldn't, Gebru, Nikole Hannah Jones, Janai Nelson, Liz Magill's, Gary Marcus, Uber, Marcus Organizations: Harvard, Service, Treasury, Twitter, Billionaire, Gay, Former University of Pennsylvania, Harvard Corporation, Conservative, Google, NAACP Legal Defense, Educational Fund

LONDON (AP) — You won’t see Tom Hanks on one of those space tourism flights that whisk celebrities and millionaires on a suborbital jaunt for a few hours. “I think I’d need a little bit longer in paradise.”Going to the moon is another matter – and the subject of “The Moonwalkers,” an immersive documentary co-written and narrated by Hanks. Political Cartoons View All 1277 ImagesVisitors sit on benches surrounded by imagery as the 50-minute film brings NASA’s Apollo space missions to life. His performance as Jim Lovell, commander of a space mission in jeopardy, in “Apollo 13” helped revive popular interest in the Apollo program in the 1990s. What hooked Hanks on space was not so much the cutting-edge science as the human drama.

Persons: Tom Hanks, ” Hanks, “, Hanks, Artemis, ”, Christopher Riley, John F, Kennedy, Jim Lovell, he’d, John Wayne, Jason, humanity’s, Reid Wiseman, Victor Glover, Christina Koch, Jeremy Hansen, Glover, “ It’s, ” Koch Organizations: Associated Press, Argonauts, Artemis, Kennedy Space Center Locations: London, British, China, India

☆ A wave of tenured professors leaving their highly coveted positions say the DeSantis administration is the reason they're leaving Florida
▼ + stars: | 2023-12-03 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

But the political climate has led some tenured university professors to leave the state, per The Times. But for a swath of liberal-leaning professors, many of them holding highly coveted tenured positions, they've felt increasingly out of place in the Sunshine State. University of Florida law professor Danaya C. Wright told The Times that several job candidates have pulled back their interest in moving to the state. "We have seen more people pull their applications, or just say, 'no, I'm not interested — it's Florida,'" she told the newspaper. AdvertisementChristopher Rufo, a conservative activist tapped by DeSantis to become a trustee of New College of Florida, hailed the faculty departures.

Persons: Ron DeSantis, —, they've, DeSantis, Neil H, Buchanan, Sarah Lynne, Lynne, Danaya, Wright, I'm, Christopher Rufo Organizations: Florida Gov, Times, Service, Sunshine State, Republican Gov, The New York Times, University of Florida College of Law, Florida Republicans, UF, Democratic, University of, University of Florida, The Times . University of Florida, New College of Florida, Florida Locations: Florida, Toronto

☆ Dashing Through These Films
▼ + stars: | 2023-12-01 | by ( Elisabeth Vincentelli | ) www.nytimes.com time to read: 1 min

The most fun entry on the BET+ slate is Terri J. Vaughn’s comedy about friendship. When Wyvetta (Tichina Arnold, from “The Neighborhood”) is dumped at the altar on Christmas Eve, she and her supportive bestie Dione (Tami Roman) publicly swear off romance on their podcast. Um, did these two women really intend to remain chaste for the rest of their lives? Filmed largely in Atlantic City, this breezy movie benefits from Arnold and Roman’s believable camaraderie. And we could have used a lot more of Michael Colyar and Jackée Harry as Wyvetta’s forbearing parents.

Persons: Terri J, Tichina Arnold, Dione, Tami Roman, Clarence, Robert Christopher Riley, —, Arnold, Michael Colyar, Harry, Wyvetta’s Organizations: BET Locations: Atlantic City

☆ US economy grows 5.2% in third quarter; higher interest rates eroding momentum
▼ + stars: | 2023-11-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The growth pace, which was the quickest in nearly two years, however, likely exaggerated the health of the economy last quarter. Economists polled by Reuters had expected GDP growth would be revised up to a 5.0% rate. Inventory investment added 1.40 percentage points to GDP growth, instead of the 1.32 percentage points estimated last month. Higher wages contributed to the economy growing at a 1.5% rate last quarter, the fastest in a year, when measured from the income side. That suggested trade could be a drag on GDP growth this quarter after being a neutral factor in the April-June period.

Persons: Elizabeth Frantz, Christopher Rupkey, There's, Conrad DeQuadros, Jeffrey Roach, Lucia Mutikani, Chizu Nomiyama, Paul Simao, Andrea Ricci Organizations: REUTERS, Commerce Department, Gross, Commerce Department's, Analysis, Reuters, Federal, United Auto Workers, Treasury, Brean, BEA, Fed, LPL Financial, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Charlotte , North Carolina

☆ US third-quarter growth revised higher; corporate profits rise strongly
▼ + stars: | 2023-11-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The quickest growth pace in nearly two years reported by the Commerce Department on Wednesday, however, likely exaggerated the health of the economy last quarter. Economists polled by Reuters had expected GDP growth would be revised up to a 5.0% rate. The upward revision to growth last quarter reflected upgrades to business investment on structures, mostly warehouses and healthcare facilities. Inventory investment added 1.40 percentage points to GDP growth. Profits rose at a 0.8% rate in the second quarter.

Persons: Elizabeth Frantz, Christopher Rupkey, There's, Gregory Daco, Jeffrey Roach, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, WASHINGTON, Commerce Department, Gross, Commerce Department's, Reuters, Federal, United Auto Workers, Treasury, Federal Reserve, Fed, LPL Financial, Thomson Locations: Arlington , Virginia, U.S, New York, EY, Charlotte , North Carolina

☆ There could be a possible recession, says economist Christopher Rupkey
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere could be a possible recession, says economist Christopher RupkeyGregory Daco, chief economist at EY-Parthenon, Christopher Rupkey, chief economist at FWDBONDS, and CNBC's Steve Liesman join 'The Exchange' to discuss the recent labor market data, whether a recession is looming, and more.

Persons: Christopher Rupkey Gregory Daco, Christopher Rupkey, Steve Liesman Locations: EY

☆ US consumer prices unchanged; core inflation slowing
▼ + stars: | 2023-11-14 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Grocery food inflation increased 0.3%, driven by gains in the prices of meat, fish and eggs. Reuters GraphicsGOODS DEFLATIONExcluding the volatile food and energy components, the CPI increased 0.2% amid higher costs for rental housing. Health insurance costs rebounded as the BLS implemented changes to the methodology it uses to calculate health insurance prices, effective with October's CPI release. The old method was based on an annual calculation using aggregated health insurance premium and benefit data. There were concerns about the volatility in the annual data and the lag involved in incorporating the health insurance financial data.

Persons: Bing Guan, Christopher Rupkey, Jerome Powell, Powell, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Tuesday, Treasury, Reuters, Fed, CPI, Thomson Locations: SoHo, New York City, U.S, WASHINGTON

☆ Everything is lining up right for these stocks, according to Piper Sandler
▼ + stars: | 2023-11-03 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

As the market gets off to a strong start for the new month, Piper Sandler sees the stars aligning for certain stocks. All stocks on the Piper Sandler list have an overweight rating. Piper Sandler's high-conviction list comes as stocks head for their best week of the year . E-commerce giant Amazon made the Piper Sandler list, underpinned by both its earnings growth and momentum heading into future results. The firm also noted that Amazon stock is headed toward its 52-week high and could break out above $146 per share.

Persons: Piper Sandler, Piper Sandler's, Thomas Champion, Lululemon, LULU, Abbie Zvejnieks, Zvejnieks, Amgen, Christopher Raymond, Raymond Organizations: Federal Locations: American, ecommerce

☆ US job openings stay elevated, layoffs hit nine-month low
▼ + stars: | 2023-11-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The Job Openings and Labor Turnover Survey, or JOLTS report from the Labor Department on Wednesday also showed layoffs dropping to a nine-month low. There were 1.50 job openings for every unemployed person in September, slightly up from 1.49 in August and way above the pre-pandemic ratio of 1.2. Data for August was revised lower to show 9.497 million job openings instead of the previously reported 9.610 million. Economists polled by Reuters had forecast 9.250 million job openings in September. Job openings dropped 43,000 in federal government and there were 41,000 open positions in the information industry.

Persons: Christopher Rupkey, Conrad DeQuadros, Lucia Mutikani, Chizu Organizations: Federal Reserve, Labor, Survey, Labor Department, Treasury, Reuters, Brean, Institute for Supply Management, United Auto Workers, UAW, Detroit's Big, Ford Motor, General Motors, Chrysler, Thomson Locations: WASHINGTON, U.S, New York

☆ EV and hybrid sales: Toyota is using 'the right strategy,' analyst says
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEV and hybrid sales: Toyota is using 'the right strategy,' analyst saysChristopher Richter, senior research analyst at CLSA, says the automaker is using "multiple lanes of attack" and electric vehicles aren't the "entire story."

Persons: Christopher Richter Organizations: Toyota

The logo for AbbVie is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Morningstar analyst Damien Conover said he had already factored in a hit to Imbruvica from the Medicare price negotiations, so the update on impairment was not "overly significant to our view." Humira's global third-quarter sales fell 36% to $3.55 billion, but topped analysts' estimates of $3.48 billion, according to LSEG data. AbbVie in July trimmed its 2023 view for Humira sales erosion to 35%, from 37% earlier. The company's newer immunology drugs Skyrizi and Rinvoq generated sales of $2.13 billion and $1.11 billion, respectively, ahead of analyst expectations of $2.10 billion and $1.02 billion.

Persons: Andrew Kelly, girding, AbbVie, Imbruvica, Morningstar, Damien Conover, Humira, Piper Sandler, Christopher Raymond, Ingelheim, Leroy Leo, Christy Santhosh, Maju Samuel, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, U.S, Medicare, Analysts, Sandoz, AbbVie, Thomson Locations: New York City , New York, U.S, The Illinois, Bengaluru

☆ Analysts' comments on China's export permits for some graphite products
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

Here is what analysts are saying about the measure:IVAN LAM, SENIOR ANALYST, COUNTERPOINT RESEARCH:"In addition to China, other countries and regions also implement graphite export controls. Graphite has a wide range of applications in industry, and the demand for its use is growing. KANG DONG-JIN, ANALYST AT HYUNDAI SECURITIES IN SEOUL:"It's not that China would suddenly stop export graphite, but it would be more intensely regulated and reviewed. It is still unclear how far China would take this graphite export curb, which would determine the supply chains. "With this new graphite export curb, South Korean firms - or South Korea in general, which heavily rely on China for graphite imports, would need to seek alternatives, such as mines from the United States or Australia, but it would likely increase cost burden for many."

Persons: Aly, IVAN LAM, CHRISTOPHER RICHTER, you've, KANG DONG, JIN, Brenda Goh, Daniel Leussink, Heekyong Yang, Miyoung Kim, Nivedita Organizations: REUTERS, Rights, EU, Thomson Locations: Port, Shanghai, China, Rights SINGAPORE, Russia, Ukraine, TOKYO, SEOUL, South Korea, United States, Australia, Tokyo, Seoul

☆ US weekly jobless claims hit nine-month low
▼ + stars: | 2023-10-19 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Though the labor market is gradually cooling, conditions remain tight, with claims at the very low end of their range of 194,000 to 265,000 for this year. The Fed's Beige Book report on Wednesday said "labor market tightness continued to ease across the nation" in early October and implied cooling wage pressure. The labor market is driving consumer spending and the overall economy, ultimately keeping inflation elevated. The claims report covered the week during which the government surveyed business establishments for the nonfarm payrolls component of October's employment report. The so-called continuing claims increased 29,000 to a still-low 1.734 million during the week ending Oct. 7, the claims report showed.

Persons: Andrew Kelly, Christopher Rupkey, Unadjusted, Jerome Powell's, Jay Hawkins, Lucia Mutikani, Chizu Nomiyama, Jonathan Oatis Organizations: REUTERS, Labor Department, Federal Reserve, Financial, Treasury, Reuters, United Auto Workers, UAW, Ford, General Motors, Chrysler, U.S, Economic, of New, National Association of Realtors, realtors, BMO Capital Markets, Philadelphia Fed, Thomson Locations: Manhattan , New York City, U.S, WASHINGTON, New York, Texas , New York , New Jersey, Georgia, California, Tennessee, Michigan, of New York, Toronto, Pennsylvania, New Jersey, Delaware

☆ US single-family starts rise; soaring mortgage rates a challenge
▼ + stars: | 2023-10-18 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

In addition, the jump in housing starts partially recouped the decline in August. The rebound in homebuilding probably reflected permits approved several months ago before mortgage rates broke above 7%. Single-family housing starts, which account for the bulk of homebuilding, increased 3.2% to a seasonally adjusted annual rate of 963,000 units last month, the Commerce Department said. Single-family starts rose in the Midwest, West and the densely populated South, but plunged 19.0% in the Northeast. Though permits are a leading indicator, economists cautioned against being too optimistic about homebuilding prospects, citing the soaring mortgage rates and souring builder sentiment.

Persons: Sarah Silbiger, homebuilding, homebuilders, Conrad DeQuadros, Christopher Rupkey, Colin Johanson, Lucia Mutikani, Dan Burns, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Brean, Commerce Department, Data, Mortgage Bankers Association, Federal Reserve, Treasury, Reuters, Realtors, Barclays, Thomson Locations: Washington , U.S, WASHINGTON, homebuilding, New York, Midwest, West, Northeast, U.S

☆ Opinion: Why student protests against Israel are so painful, polarizing and complicated
▼ + stars: | 2023-10-18 | by ( Opinion Nicole Hemmer | ) edition.cnn.com time to read: +9 min

Student radicals have been targets of condemnation since at least the early 1960s, when they experimented with new forms of protest against anti-Black racism, the Vietnam War, poverty and censorship. “I think they oughta shoot ‘em if they’re carrying the Vietcong flag,” actor John Wayne said of the protests. In the 1960s, student radicals occasionally waved the Viet Cong flag to show solidarity with the people of Vietnam. But students did have the power to disrupt, to grab camera time and to create the iconic imagery of an era. You may hate these student activists’ words and actions, but they’re not the ones with the power here.

Persons: Nicole Hemmer, Carolyn T, Robert M, “, Who, Stanford ”, ” Nicole Hemmer, Bill Ackman, —, Victoria’s, Leslie Wexner, Abigail, Jon Huntsman, Huntsman, John Wayne, it’s, Mao Zedong, Richard Nixon, Ronald Reagan, Israel, Christopher Rufo, they’re Organizations: Rogers Center, Vanderbilt University, “ Partisans, Conservative, CNN, “, Harvard, Hamas, University of Pennsylvania, Huntsman Foundation, Utah Gov, Penn, Democratic Party, Capitol, United, Getty, Viet, Universities, Police, National Students for Justice, Israel, Democratic Socialists of America Locations: Israel, Gaza, Vietnam, Iraq, Washington, United States, AFP, firefights, Viet, Viet Cong, California, Palestine

United said its fourth-quarter adjusted profit would be between $1.50 and $1.80 per share, far short of Wall Street expectations for $2.09 per share. United and many other airlines halted the flights shortly after Hamas militants attacked Israel on Oct. 7. United said it set quarterly profit records for service to both Europe and Asia, as more Americans traveled beyond U.S. borders. United's report comes after rival Delta Air Lines posted a $1.1 billion profit last week. It predicted that fourth-quarter revenue would rise as much 11% compared with a year ago.

Persons: United, Christopher Raite Organizations: Airlines, Tel, United, Jet, Wall, Delta Air Lines, Air Line Pilots Association, Boeing, Airbus Locations: Tel Aviv, Israel, Chicago, Europe, Asia, U.S

Retail sales rose 0.7% in September, more than twice what economists had expected, and close to a revised 0.8% bump in August, the Commerce Department reported Tuesday. The government’s monthly retail sales report offers only a partial look at consumer spending; it doesn’t include many services, including health care, travel and hotel lodging. But the robust sales report also means that the Fed officials could leave the door open for additional rate hikes. The retail sales report came as businesses across the U.S. economy ramped up hiring in September, defying surging interest rates, and the ongoing threat of a government shutdown. Consumer prices rose 0.4% from August to September, below the previous month’s 0.6% pace.

Persons: wasn’t, ”, Christopher S, Rupkey, “, Tim Quinlan, Christopher Rugaber, —, Anne Organizations: Commerce Department, Federal Reserve, Fed, FWDBONDS, “ Fed, Analysts, Wells, Wells Fargo Economics, ”, Labor Department Locations: Israel, Wells Fargo, U.S, Washington

☆ Strong retail sales, factory output point to robust US growth in third quarter
▼ + stars: | 2023-10-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSummaryCompanies Retail sales increase 0.7% in SeptemberCore retail sales rise 0.6%; August sales revised upManufacturing production increases 0.4%WASHINGTON, Oct 17 (Reuters) - U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated sharply in the third quarter. Retail sales rose 0.7% last month. Economists defended their forecast for tepid retail sales growth, which they said was based on softening consumer confidence. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.6% in September. Data for August was revised up to show these so-called core retail sales gaining 0.2% instead of 0.1% as previously reported.

Persons: Eduardo Munoz, Goldman Sachs, Christopher Rupkey, James Knightley, Jay Hawkins, Veronica Clark, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Federal Reserve, Fed, Reuters, Commerce Department's, ING, BMO Capital Markets, Treasury, Financial, Amazon, Commerce Department, Citigroup, Thomson Locations: New York City, U.S, WASHINGTON, New York, Toronto

☆ Florida 4th graders chose a violent unrated 'Winnie the Pooh' slasher film for movie day. Now parents are angry that the teacher agreed to show it.
▼ + stars: | 2023-10-12 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

A group of 4th-grade students asked their teacher to watch "Winnie the Pood: Blood and Honey." It's a horror movie about "Winnie the Pooh," released after the character became public domain. Parents are complaining after a teacher showed students in his fourth-grade math class at a Miami Springs charter school in Florida a violent reimagining of "Winnie the Pooh," CBS Miami reported. The film was released in February after "Winnie the Pooh" became public domain the year before. "He didn't stop the movie, even though there were kids saying, 'Hey, stop the movie, we don't want to want this,'" Diaz told the outlet.

Persons: —, Winnie, Christopher Robin, Michelle Diaz, Diaz, School Vera Hirsh, Hirsh Organizations: Service, Miami, CBS Miami, Academy of Innovative Education, CBS, Innovative Education, School Locations: Miami Springs, Florida

☆ Gasoline, food drive US producer prices higher; core inflation cools
▼ + stars: | 2023-10-11 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The so-called core PPI increased 2.8% on a year-on-year basis in September after climbing 2.9% in August. Wholesale goods prices increased 0.9%, with a 3.3% rise in the cost of energy products accounting for nearly three-quarters of the increase. Excluding the volatile food and energy components, core goods prices edged up 0.1% for the second straight month. This mostly reflected the normalization of supply chains, whose disruption fueled goods inflation in the aftermath of the COVID-19 pandemic. Though core inflation is cooling, higher gasoline and food prices could hamper progress by raising the cost of other goods as well as causing consumers to expect inflation to rise.

Persons: Sarah Silbiger, Christopher Rupkey, Will Compernolle, Alex McGrath, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Labor Department, Federal Reserve, Treasury, Reuters, PPI, Reuters Graphics, Trade, Fed, Thomson Locations: Mount Pleasant, Washington ,, WASHINGTON, New York, East, Greenville , South Carolina

☆ Low weekly jobless claims, shrinking trade deficit boost US economic picture
▼ + stars: | 2023-10-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

Trade balanceExports of goods and services increased 1.6% to $256.0 billion. Goods imports dropped 0.9% to $256.0 billion amid declines in imports of consumer and capital goods, potentially flagging softening domestic demand amid higher borrowing costs. Cell phones and other household goods accounted for the drop in consumer goods imports. The decrease in capital goods imports reflected declines in semiconductors and electric apparatus. Services imports increased $0.1 billion to $58.4 billion, supported by travel and other business services.

Persons: Andrew Kelly, Christopher Rupkey, Unadjusted, nonfarm payrolls, Oscar Munoz, Goldman Sachs, Veronica Clark, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Federal Reserve, Labor Department, Reuters, Employers, Institute for Supply Management, United Auto Workers, UAW, Ford, General Motors, Chrysler, Treasury, Challenger, Labor, Securities, Commerce Department, Goods, Services, Citigroup, Thomson Locations: Manhattan , New York City , New York, U.S, WASHINGTON, New York, Ohio, California

☆ 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

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

The ramifications for global markets are significant, with Washington and Beijing's determination to loosen dependence on each other fraying long-established supply chains. Many central banks target 2% inflation; market gauges of traders' long-term U.S. and European inflation expectations are running higher , . Anna Rosenberg, head of geopolitics at the Amundi Investment Institute, said Sino-U.S. tensions, provide a "new lens" through which to analyse emerging markets' growth prospects. But the performance of big U.S. tech stocks and global share indices are vulnerable to signs of Chinese retaliation. With China underperforming global stocks, investors are split on how to approach this market.

Persons: Dado Ruvic, Joe Biden, Goldman Sachs, Wouter Sturkenboom, Laura Alfaro, Anna Rosenberg, Christopher Rossbach, J, Stern, Carole Madjo, Wendy Liu, Baird, Patrick Spencer, Naomi Rovnick, Kripa Jayaram, Riddhima, Vineet, Sumanta Sen, Pasit, Louise Heavens Organizations: REUTERS, EMEA, APAC, Northern Trust, Reuters, Research, Harvard Business, Amundi Investment Institute, INDIA RUSH, Barclays reckons, EU, Apple, China, Barclays, JPMorgan, Thomson Locations: West, China, Washington, Western, Germany, Northern, Europe, FRIENDSHORING Washington, Vietnam, Mexico, Mongolia, Philippines, Sino, U.S, India, Beijing, COVID, CHINA

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