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☆ I moved from Malibu to Vegas and bought a $1.9 million home. California is beautiful but it got too difficult to live there.
▼ + stars: | 2024-01-25 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Gus Lira, a managing partner at a jet chartering company, recently moved from Malibu to Las Vegas. Lira also said the $1.9 million home he got in Vegas would be $8 million in Malibu. AdvertisementLas Vegas is a lot more affordableI had been to Las Vegas many times, but I'd never been anywhere else but the strip. Everything was green, green, green, green, green. Small homes start at $3 million, $4 million, $5 million.

Persons: Gus Lira, Lira, —, it's, I'm, I'd, Gus Lira's, would've, let's Organizations: Service, Business Locations: Malibu, Las Vegas, California, Vegas, Malibu , California, Los Angeles, Texas , Florida, Mexico, Hermosa Beach, Texas, Florida, Miami, Dallas, Houston, Idaho , Wyoming, Orange County, Summerlin, Nevada, Hollywood, Hermosa, Manhattan

☆ Even with progress on inflation and solid growth, the Fed will want to see more before cutting rates
▼ + stars: | 2024-01-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Solid economic economic growth combined with decelerating inflation feels like the perfect combination for the Federal Reserve to dial down its restrictive monetary policy. More broadly, though, the resilient nature of the economy brought the Fed closer to its goal of arresting inflation without crushing growth. On the balance between the threat of overheating growth and the positive developments on inflation, Bovino thinks the Fed will be more inclined to cast a wary eye on the growth side. "They have their work cut out for them." "They want to make absolutely sure inflation is killed, and they're not going to cut rates until that is the case."

Persons: Beth Ann Bovino, there's, Bovino, they'll, Bill Adams, Jerome, Powell, Gus Faucher, haven't, Dan North, they're Organizations: Federal Reserve, U.S . Bank, Commerce Department's, Economic, CME Group, Comerica Bank, Fed, PNC Financial Services, North America, Allianz Trade

They host the Detroit Lions, who haven’t reached this point in 32 years and have never played in a Super Bowl. 1 seeds are 34-14 in conference championship games, including 2-0 last season when the Chiefs went on to beat the Eagles in the Super Bowl. If the 49ers and Chiefs advance, it'll set up a Super Bowl rematch. The two-time NFL and Super Bowl MVP has embraced the challenge and now faces the league’s stingiest defense. CHIEFS, 23-22DETROIT (14-5) at SAN FRANCISCO (13-5)Line: 49ers minus 7Jared Goff and the Lions are one win away from the franchise’s first trip to the Super Bowl.

Persons: Rob Maaddi, Patrick Mahomes, FanDuel, Mahomes, haven’t, it'll, Josh Allen, Justin Madubuike, Roquan Smith, Patrick Queen, Kyle Hamilton, Pro QB Lamar Jackson, Chris Jones, Trent McDuffie, Jackson, Gus Edwards, Hill, Taylor Swift, Jason Kelce, Travis Kelce, Jared Goff, Green Bay, Dan Campbell’s, Brock Purdy, Purdy, Deebo Samuel, Christian McCaffrey, Goff, Ra St, Brown, Sam LaPorta, He’s, David Montgomery, Jahmyr Gibbs, Fred Warner, Nick Bosa Organizations: AP Pro Football, Kansas City Chiefs, San Francisco 49ers, Super Bowl, Chiefs, AFC, Ravens, Colts, Oakland Raiders, 49ers, NFC, Detroit Lions, Eagles, Super, Kansas City, KANSAS CITY, Buffalo Bills, Super Bowls, NFL, Pro QB, Dolphins, Mahomes, Houston, CHIEFS, SAN FRANCISCO, Lions, Green, Packers, All, 49ERS, Twitter Locations: Baltimore, KANSAS, BALTIMORE, Trent McDuffie , Kansas, DETROIT, Las Vegas, San Francisco, Philadelphia

☆ Stocks making the biggest moves midday: Vita Coco, Archer-Daniels-Midland, Gilead Sciences and more
▼ + stars: | 2024-01-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Archer-Daniels-Midland — The food processor's shares dropped more than 22%, making the stock poised for its second worst day in its history back to 1972. Archer-Daniels-Midland announced weak fourth-quarter earnings guidance and placed Chief Financial Officer Vikram Luthar on administrative leave amid an investigation into the company's accounting practices. StoneCo — Shares of the Brazilian payments company rose more than 6% following an upgrade to a buy rating from Goldman Sachs. The financial firm cited an attractive entry point and a constructive outlook on the next freight cycle as catalysts for the change. Vita Coco — The coconut water company tumbled more than 5% after William Blair downgraded shares to market perform from outperform.

Persons: Archer, Vikram Luthar, Goldman Sachs, Trodelvy, Bernstein, Hunt, Gus Richard, Coco, William Blair, — CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Pia Singh, Samantha Subin Organizations: Arkhouse Management, Brigade Capital Management, Daniels, Midland, SolarEdge Technologies, Riley, Bloomberg, U.S . Securities, Exchange Commission, Spirit Airlines, JetBlue Airways —, JetBlue, Gilead Sciences, . Union Pacific, Norfolk Southern, UBS, Northland Capital Markets Locations: Brazil, Norfolk, Suez

☆ AMD's stock surge in past year leads analyst to a 'heck if we know' rating
▼ + stars: | 2024-01-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

But elevated expectations for AI chip growth has led Northland Capital Markets analyst Gus Richard to admit that he's not sure where AMD shares should go from here. "We downgrade on valuation to 'a heck if we know' rating," Richard wrote in a note on Monday. Richard's call is based on his view that investor expectations for AI chip growth have spilled into "irrational exuberance." AMD shares fell about 3.5% to $168.17 as of Monday afternoon. Nvidia shares were up less than 1%.

Persons: Lisa Su, —, Gus Richard, he's, Richard, Jim Breyer Organizations: AMD, Nvidia, Microsoft, Meta, Northland Capital Locations: Las Vegas , Nevada, Northland, U.S, China

(AP) — Even John Harbaugh isn't sure what to expect from Dalvin Cook this weekend. Harbaugh says the running back will be an option Saturday when the Ravens play their postseason opener against the Houston Texans. And Gus Edwards ran for 810 yards and 13 touchdowns for the Ravens during the regular season. The Ravens waived Melvin Gordon III and signed Cook from the practice squad to the active roster. I’m ready to give it all I have — everything I have in the tank,” Cook said.

Persons: OWINGS MILLS, John Harbaugh isn't, Dalvin Cook, “, ” Harbaugh, ” Cook, Baltimore's, Harbaugh, Lamar Jackson, there's, Dobbins, Achilles, Keaton Mitchell, Gus Edwards, He's, Mitchell, Hill, Cook, Melvin Gordon III, “ I’m, SportRadar, Michael Bennett, Ben Tate, he'd, Le'Veon Bell, Tate, Gus, You've, they’ll, ” Organizations: New York Jets, Ravens, Houston Texans, NFL, Tampa Bay, Indianapolis, Cleveland, Star, Steelers, Baltimore, Pittsburgh Locations: Md, Baltimore, J.K, San Diego, Pittsburgh, Minnesota, New, Dalvin

☆ Even wealthy Los Angeles residents are moving to (slightly) cheaper cities and mansions out of state
▼ + stars: | 2024-01-15 | by ( Dan Latu | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Many wealthy buyers say they were driven out by a so-called mansion tax in Los Angeles, among other tax-related issues. Los Angeles topped Redfin's list of US metropolitan areas that homeowners are most looking to leave, based on their user data of home searches. Wealthier Americans — those making more than $200,000 per year — are moving out of high-cost cities like New York and Los Angeles, according to personal finance site SmartAsset. San Diego real-estate agent Jennifer Janzen says she's recently had Los Angeles clients head south to trade up in style. Another client of Janzen's was a young family who grew tired of the city life in Los Angeles.

Persons: —, Gus Lira, Lira, Lira's, Summerlin, she's, Jennifer Janzen, Janzen, Sotheby's, grâce, Jade Mills, Rob Desantis, Mary Fitzgerald Organizations: Service, Getty, Hollywood, Las, Golden, LA, Bloomberg, Los, Netflix Locations: Los Angeles, Malibu, California, Orange County, Las Vegas, Nevada, Vegas, Red, Vegas from California, Seattle, Florida , Texas, Tennessee, New York, Diego, Angeles, Rancho Santa Fe, San Diego, LA, Santa Fe, Manhattan

☆ Fed's favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected
▼ + stars: | 2023-12-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank's goal. On a six-month basis, core PCE increased 1.9%, indicating that if current trends continue the Fed essentially has reached its goal. "The slowing in core inflation opens the door for fed funds rate cuts in 2024; the timing will depend on core PCE numbers over the next few months." Though policymakers watch both measures, they are more concerned with core prices as a longer-run inflation gauge. A 2.7% slide in energy prices and a 0.1% decrease in food helped hold back inflation for the month.

Persons: Dow Jones, Andrew Hunter, Gus Faucher Organizations: Federal Reserve, Commerce Department, Capital Economics, Markets, PNC Financial Services, Fed, PCE, Federal, CNBC PRO

☆ The runway is getting clearer, but the U.S. economy still isn't assured of a soft landing
▼ + stars: | 2023-12-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more. "Overall, the jobs market is doing its part to get us to a soft landing," said Daniel Zhao, lead economist at jobs rating site Glassdoor. The unemployment rate unexpectedly declined to 3.7%, easing worries that it could trigger a historically dead-on signal known as the Sahm Rule, which coordinates increases of the unemployment rate by half a percentage point to recessions. "The recession versus soft landing debate sort of misses the necessary nuances of this unique cycle," Sonders said. "A best-case scenario is not so much a soft landing, because that ship has already sailed for [some] segments.

Persons: Stephanie Keith, Daniel Zhao, nonfarm, Gus Faucher, Liz Ann Sonders, Charles Schwab, Sonders, Sanders, Schwab Organizations: Bloomberg, Getty, Labor, PNC Financial Services, PNC, University of Michigan's Locations: New York, U.S

☆ France puts country on 'high' alert for bird flu
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

PARIS, Dec 5 (Reuters) - France raised the risk level of bird flu to 'high' from 'moderate' on Tuesday after the detection of new cases of the disease, forcing poultry farms to keep birds indoors to stem the spread of the highly contagious virus. Avian influenza, commonly known as bird flu, has led to the culling of hundreds of millions birds worldwide in recent years. France said last week that it had detected a first bird flu outbreak on a farm this season in Brittany, in the northwest of the country. The "high" risk level implies that all poultry should be kept inside on farms and additional security measures taken to avoid a spread of the disease. Reporting by Sybille de La Hamaide and Gus Trompiz; Editing by Sudip Kar-Gupta, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Sybille de La Hamaide, Gus Trompiz, Sudip Kar, Gupta, Kirsten Donovan Organizations: Thomson Locations: France, Germany, Netherlands, Belgium, Brittany

☆ Menswear styles suited for the season
▼ + stars: | 2023-11-30 | by ( Sponsor Post | Created Insider Studios | ) www.businessinsider.com time to read: +4 min

This iconic shirt is not only a great gift for a loved one, but also a perfect excuse to treat yourself. Impress at the office holiday partyWhat makes special occasions, well, special, is a break from the ordinary — and what you wear contributes to that extra flair. For your annual office holiday party, retire the clothes you wear for virtual meetings or office visits. Browse all your favorite styles from Polo Ralph Lauren's Holiday collection here. This post was created by Insider Studios with Polo Ralph Lauren.

Persons: Polo Ralph Lauren, grandma, It's, Cotton Chino Ball, you've, Polo Ralph Lauren's suede, Sullivan Slim Polo, Jean, Whitman, Polo Ralph Lauren's, Gus Powell, Tiffani Williams Organizations: Oxford, Polo, Plaid, Sullivan, Insider Studios Locations: Cashmere, Cardigan, cardigan

Agriculture has suffered losses of over $25 billion since the war began, Ukrainian grain trader association UGA estimates. Ukraine's grain exports so far in the 2023/24 season that started in July are running 28% below the year-earlier volume, according to agriculture ministry data. A new Black Sea shipping channel may offer a lifeline, like for Ukraine's depleted steel industry. An additional 943,000 tons should leave from Black Sea ports and 464,000 tons from the Danube by the month-end. A Russian missile strike on port infrastructure in Odesa on Nov. 21 added to a series of attacks on Ukraine's Black Sea and Danube grain ports.

Persons: Stringer, Jean, Francois Lepy, Dmitry Skornyakov, Denys Marchuk, Skornyakov, Yuriy Stelmakh, Roman Gorobets, Soliman, Scott Wellcome, Pavel Polityuk, Gus Trompiz, Nigel Hunt, David Evans Organizations: REUTERS, Agriculture, UGA, Spike, Agrarian Council, FE ASTRA, Kremlin, Mediterranean, Thomson Locations: Ukraine, Zaporizhzhia region, PARIS, Russia, UN, Geneva, Black, Russian, Odesa, Romania's Constanta, Brazil, Egypt, GoodMills, Kyiv, Paris, London

☆ Grain ship lightly damaged off Ukraine, likely hit sea mine - sources
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 17 (Reuters) - A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit by a floating sea mine, according to maritime specialists and a Ukrainian government source. This is the latest incident affecting commercial ships sailing in the Black Sea. War risk insurance premiums have risen to as much as 3% of the value of a vessel after a missile damaged a merchant ship in the Ukrainian port of Pivdennyi last week, industry sources said. A Ukrainian government source told Reuters on Friday that it was likely that a floating sea mine hit the vessel. After withdrawing from a U.N.-backed deal in July that guaranteed safe shipments of Ukrainian grain via the Black Sea, Ukraine says Russia has repeatedly attacked Ukrainian port infrastructure and also laid sea mines.

Persons: Marsh, Jonathan Saul, Gus Trompiz, William Maclean Organizations: Seagate, Thomson Locations: Ukraine, Ukrainian, Pivdennyi, Liberia, Georgia, Greece, Constanta, Sea, Russia, Kyiv, London, Paris

BALTIMORE (AP) — Lamar Jackson hurt an ankle and lost one of his top targets to a more severe injury. Jackson threw two touchdown passes in the second quarter — one of which came thanks to a fortuitous carom — and the Ravens beat Cincinnati 34-20 on Thursday night after the Bengals lost Joe Burrow to a wrist injury. Burrow left in the second quarter after throwing a touchdown pass and wasn't able to return. “That's like receiver one sometimes.”Ravens coach John Harbaugh announced after the game that Andrews' injury appears to be season-ending. Cincinnati won the division the past two years, when late-season injuries kept Jackson off the field for the Ravens.

Persons: — Lamar Jackson, Jackson, Joe Burrow, Burrow, Mark Andrews, ” Jackson, “, ”, John Harbaugh, Andrews, Zac Taylor, hasn't, Joe Mixon, Jackson's, Germaine Pratt, Nelson Agholor, Rashod Bateman, Jake Browning, Ja'Marr Chase, Browning, ” Browning, Joe, Gus Edwards bookended, Deshaun Watson, ” Harbaugh, I'd, Cam Taylor, Britt, ___ Organizations: BALTIMORE, Cincinnati Bengals, Ravens, Cincinnati, Bengals, AFC, ” Ravens, Baltimore, AFC North, Cleveland, Super, San, NEXT, Pittsburgh, Los Angeles Chargers Locations: Cincinnati, Baltimore, Florida, San Francisco, New Orleans

"These investments are being made in areas with very high growth," Christel Bories, Eramet's chair and CEO, told Reuters. "Lithium is not tied to world economic growth, it's tied to the development of batteries and the energy transition." A $400 million deal with Glencore (GLEN.L) to market lithium from the project's first stage will mostly cover Eramet's financing needs for the next tranche, Bories said. In Chile, meanwhile, the group said it had acquired for an initial $95 million a 120,000-hectare lithium concession in the Atacama region. Reporting by Gus Trompiz, Editing by Charlotte Van Campenhout and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, it's, Bories, Eramet's, Gus Trompiz, Charlotte Van Campenhout, Louise Heavens Organizations: National Reserve, REUTERS, Rights, Reuters, Centenario, BASF, Koniambo, SAS, Thomson Locations: Antofagasta region, Chile, Argentina, Indonesia, Centenario, Atacama, Gabon, China, New Caledonia, SLN

☆ Crowds join lawmakers in Paris march against antisemitism
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

Political figures, including Prime Minister Elisabeth Borne and former presidents Francois Hollande and Nicolas Sarkozy, headed the march, holding a banner with the slogan "For the Republic, against antisemitism". They led several renditions of the French national anthem. Left-wing lawmakers have joined pro-Palestinian protests in recent weeks, including a march in Paris on Saturday. Protests against antisemitism also took place in other French cities on Sunday, including in Marseille where some 7,000 people turned out according to a police estimate. Elsewhere in Europe, concern is running high over antisemitism and other forms of extremism being whipped up.

Persons: Yael Braun, Elisabeth Borne, Gerard Larcher, France Francois Hollande, Nicolas Sarkozy, Francois Hollande, Emmanuel Macron, Macron, Benjamin Netanyahu, Gus Trompiz, Tangi Salaun, Lucien Libert, Marc Leras, Barbara Lewis Organizations: National, . Police, ., Thomson Locations: France, PARIS, Paris, Gaza, Israel, Republic, Sunday's, Marseille, Europe, Britain

☆ Crowds Join Lawmakers in Paris March Against Antisemitism
▼ + stars: | 2023-11-12 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

PARIS (Reuters) - Thousands of marchers joined lawmakers in Paris on Sunday to condemn a surge in antisemitic acts in France during the conflict in the Gaza Strip, but arguments over political participation clouded an intended show of unity. Political figures, including Prime Minister Elisabeth Borne and former presidents Francois Hollande and Nicolas Sarkozy, headed the march, holding a banner with the slogan "For the Republic, against antisemitism". Left-wing lawmakers have joined pro-Palestinian protests in recent weeks, including a march in Paris on Saturday. Protests against antisemitism also took place in other French cities on Sunday, including in Marseille where some 7,000 people turned out according to a police estimate. Elsewhere in Europe, concern is running high over antisemitism and other forms of extremism being whipped up.

Persons: Elisabeth Borne, Francois Hollande, Nicolas Sarkozy, Emmanuel Macron, Macron, Benjamin Netanyahu, Gus Trompiz, Tangi Salaun, Lucien Libert, Marc Leras, Barbara Lewis Organizations: PARIS, . Police, . Locations: Paris, France, Gaza, Israel, Republic, Sunday's, Marseille, Europe, Britain

☆ NFL roundup: C.J. Stroud breaks out as Texans clip Bucs
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +9 min

Stroud led a 75-yard drive in 40 seconds after Baker Mayfield put Tampa Bay ahead with a 14-yard touchdown pass to Cade Otton, the duo's second scoring hookup of the day. Stroud completed 30 of 42 passes, connecting with Noah Brown six times for 153 yards, including a 75-yard touchdown. Mayfield connected on 21 of 30 passes for 265 yards for the Buccaneers (3-5), who lost their fourth straight game. Vikings 31, Falcons 28Joshua Dobbs fired a go-ahead, 6-yard touchdown pass to Brandon Powell with 20 seconds remaining, and Minnesota beat host Atlanta. Tune completed 11 of 20 passes for 58 yards, threw two interceptions and lost a fumble on one of Cleveland's seven sacks.

Persons: C.J ., Shaquil Barrett, Troy, Stroud, Tank, . Stroud, Baker Mayfield, Cade Otton, Noah Brown, Dalton Schultz, Dell, Dare Ogunbowale, Ogunbowale, Ka'imi Fairbairn, Mayfield, Joe Burrow, Josh Allen, Stefon Diggs, Joe Mixon, Mixon, Tee Higgins, Allen, Diggs, Dalton Kincaid, Joshua Dobbs, Brandon Powell, Dobbs, Jaren, Taylor Heinicke, Mary, A.J . Brown, DeVonta Smith, Kenneth Gainwell, Dak Prescott, CeeDee Lamb, Lamb, Patrick Mahomes, Bryan Cook's, Tua Tagovailoa, Raheem Mostert, Hill, Keaton Mitchell, hadn't, Gus Edwards, Odell Beckham Jr, Justin Tucker, Seattle's Geno Smith, Jaxon Smith, Njigba, Cleveland, Clayton Tune, Tune, Jordan Love, Aaron Jones, Brett Rypien, Matthew Stafford, Rypien, Sam Howell, Howell, Chad Ryland, Washington, Jahan Dotson, Joey Slye, Paulson Adebo, Adebo's takeaways, Derek Carr, Tyson Bagent, Justin Fields, Kenny Moore, Moore, Bryce Young's, Josh Jacobs, Antonio Pierce, Josh McDaniels, York's Daniel Jones, Jones Organizations: Houston Texans, Tampa Bay Buccaneers, NRG, Tank Dell, ., Tampa Bay, Texans, Buccaneers, Bengals, Bills, Cincinnati, Buffalo, Vikings, Falcons, Atlanta, Arizona Cardinals, Eagles, Cowboys, Philadelphia, Dallas, Chiefs, Dolphins, Kansas City, NFL, Miami, Ravens, Seahawks, Baltimore, Seattle, AFC, Browns, Cardinals, Buffalo Bills, Packers, Rams, Patriots, Washington, New England, New, Saints, Bears, Chicago, Colts, Panthers, Indianapolis, Carolina, Pro Football, Raiders, Giants, Las Vegas, The Raiders, Las, ESPN, Thomson Locations: Houston , Texas, USA, C.J . Stroud, Troy Taormina, Tampa, Dell, Buffalo . Buffalo, Minnesota, Miami, Frankfurt, Germany, Arizona, Green, Los Angeles, New, Foxborough, New England, New Orleans, Charlotte, N.C, Carolina, Las, New York, Las Vegas, York

☆ The US economy added 150,000 jobs last month. Here’s what that means
▼ + stars: | 2023-11-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —For several months now, the US labor market has been on a cooling trajectory, and Friday’s jobs report made that even more apparent. The US economy added 150,000 jobs last month, falling below expectations but still notching a solid month of employment growth, according to Bureau of Labor Statistics data released Friday. October’s job growth came in below September’s stronger-than expected but downwardly revised total of 297,000 jobs. Including the estimated 150,000 jobs added last month and the downward revisions to August and September that totaled 101,000 jobs, the United States is averaging 239,000 jobs gained per month so far this year. Where the jobs were — and weren’tBecause of the timing of the striking actions and how the BLS tracks such activity, October is the first jobs report that reflects the massive strike.

Persons: ”, Sung Won Sohn, Nancy Vanden Houten, Jerome Powell, Gus Faucher, Dante DeAntonio, ” DeAntonio, “ It’s, ” Ger Doyle, ManpowerGroup, Amy Glaser, we’ve, “ We’re Organizations: Minneapolis CNN —, of Labor Statistics, SS Economics, Loyola Marymount University, United Auto Workers, Ford, General Motors, UAW, Big, Federal Reserve, Fed, Oxford Economics, BLS, PNC Financial Services, Government, Moody’s, ”, CNN, “ Locations: Minneapolis, United States, Southern California

☆ PNC's Gus Faucher expects a mild recession in 2024
▼ + stars: | 2023-10-31 | 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 EmailPNC's Gus Faucher expects a mild recession in 2024Gus Faucher, PNC chief economist, joins 'Power Lunch' to discuss what to expect from tomorrow's Fed decision.

Persons: Gus Faucher Organizations: PNC

Overall, China's 2023 imports are likely to reach around 12 million tons, two Singapore-based traders said, topping 2022's record 9.96 million tons, and the avid buying is expected to continue into 2024. read moreBeijing has not provided a crop quality assessment. MORE TO COMEChina's January-September wheat imports jumped 53.6% to 10.17 million metric tons, customs data showed, including 6.4 million tons from Australia and 1.8 million tons from Canada. Chinese wheat purchases have stabilised global wheat prices, one of the Singapore traders said. Given lower output in Australia, traders and analysts said China is likely to import significantly higher volumes of French wheat in the coming months.

Persons: China's, Muyuan, Stefan Meyer, Ma Wenfeng, Price, Rosa Wang, Jeffrey McPike, Naveen Thukral, Dominique Patton, Peter Hobson, Gus Trompiz, Julie Ingwersen, Tony Munroe, Simon Cameron, Moore Organizations: Traders, Russia, Reuters, El, Beijing Orient, Shanghai JC Intelligence Co, U.S, WASDEA Commodities, Thomson Locations: China, SINGAPORE, BEIJING, Chicago, Singapore, Australia, Beijing, Sydney, StoneX, Canada, Indonesia, Japan, North America, U.S, Canberra, Paris

The Philadelphia Eagles couldn’t wait to upgrade at safety, acquiring two-time All-Pro Kevin Byard from the Tennessee Titans earlier this week. “This is my eighth season and I’m feeling really good, coming off a bye week, too. The 29-year-old Henry can be a free agent after the season so he should be considered a half-season rental. Henry makes sense for Tampa Bay even though the team wants to build around younger players. The Dolphins (5-2), Lions (5-2) and Jaguars (5-2) are among the top possibilities if the Commanders deal Young.

Persons: Kevin Byard, C.J, Gardner, Johnson, it’s, ” Byard, “, I’m, DERRICK HENRY The, wouldn’t, He’s, Henry, Baltimore, Lamar Jackson, Gus Edwards, Jerry Jones, Dallas isn’t, Jalen, Daron Payne, Montez Sweat, Young, BRIAN BURNS, Burns, Bryce Young, JUSTIN SIMMONS, Simmons, MARQUISE BROWN, ” Brown, hasn’t, Kyler Murray, Brown, ___ Organizations: NFL, Philadelphia Eagles, Tennessee Titans, Philadelphia Eagle, DERRICK HENRY The Titans, Ravens, Buccaneers, Dobbins, Tampa, NFC, Cowboys, Dallas, Eagles, Titans, CHASE, The Dolphins, Lions, Jaguars, Bowl, Carolina Panthers, Panthers, Broncos, The Seahawks, Bengals, Steelers, Chiefs, Chargers Locations: Tennessee, J.K, Brown, Washington, Miami, Detroit, Buffalo, Jacksonville, Francisco, Denver, Baltimore, Arizona

☆ Ukraine suspends Black Sea grain corridor over threat from mines, warplanes
▼ + stars: | 2023-10-26 | by ( Pavel Polityuk | ) www.reuters.com time to read: +4 min

Saint-Kitts-and-Nevis-flagged bulker TK Majestic, carrying grain under the UN's Black Sea Grain Initiative, waits in the southern anchorage of the Bosphorus in Istanbul, Turkey July 15, 2023. REUTERS/Mehmet Emin Caliskan/File Photo Acquire Licensing RightsKYIV, Oct 26 (Reuters) - Ukraine has suspended the use of its new Black Sea grain export corridor due to a possible threat from Russian warplanes and sea mines, the Kyiv-based Barva Invest consultancy and a British security firm said on Thursday. Wheat futures had been pressured this week by hopes that Ukraine would expand grain exports, as well as rain relief in dry crop belts worldwide. Russian President Vladimir Putin said last week that he had ordered Russian warplanes with Kinzhal missiles to patrol the Black Sea. Ukraine shipped up to six million tons of grain a month from its Black Sea ports before Russia's full-scale invasion in February 2022.

Persons: Mehmet Emin Caliskan, Vladimir Putin, Ambrey, Taras Vysotskiy, Gus Trompiz, Jonathan Saul, Tom Balmforth, Mark Heinrich Our Organizations: REUTERS, Rights, Barva Invest, Barva, Ukrainian Seaport Authority, Russian Air Force, Thomson Locations: Kitts, Nevis, Bosphorus, Istanbul, Turkey, Ukraine, Kyiv, British, Moscow, Chicago, Russian, Snake Island, Russia, Black, Ukrainian, Paris, London

☆ Kevin McCarthy floats proposal returning him to power and making Jim Jordan assistant House speaker
▼ + stars: | 2023-10-25 | by ( Ali Vitali | Scott Wong | ) www.cnbc.com time to read: +3 min

U.S. Republican Representative from California Kevin McCarthy speaks with Republican Representative from Ohio Jim Jordan as the U.S. House of Representatives continues voting for new speaker at the U.S. Capitol in Washington, DC, January 4, 2023. Rep. Kevin McCarthy, R-Calif., is floating a plan that would reinstall him as House speaker and make conservative Trump ally Rep. Jim Jordan the assistant speaker, according to three sources familiar with the matter. The proposed alliance aims to unite warring factions of the House Republican Conference, which has been leaderless since McCarthy was ejected from the speaker's office. A source briefed on the proposal likened it to the arrangement Democrats had when Rep. Nancy Pelosi was speaker and Rep. Katherine Clark was assistant speaker. "Kevin speaker, Jordan assistant speaker," the source said.

Persons: California Kevin McCarthy, Ohio Jim Jordan, Kevin McCarthy, Jim Jordan, McCarthy, Jordan, It's, Tim Burchett, — it's, Tom Emmer, Nancy Pelosi, Katherine Clark, Kevin, Mike Johnson, Gus Bilirakis, it's Organizations: Republican, U.S . House, U.S, Capitol, Trump, House Republican Conference, Ohio Republican, GOP, Republicans, —, Rep Locations: California, Ohio, Washington , DC, Jordan, Tuesday's

☆ NFL roundup: Patriots shock Bills for Bill Belichick's 300th win
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +8 min

The Ravens racked up 355 yards before the break, including 255 passing yards by Jackson. Mark Andrews caught a pair of touchdown passes for Baltimore (5-2). Giants 14, Commanders 7Tyrod Taylor tossed two touchdown passes and the defense held firm as New York earned a win over Washington in East Rutherford, N.J. Seahawks 20, Cardinals 10Geno Smith threw touchdown passes to rookies Jaxon Smith-Njigba and Jake Bobo in the first half and Seattle held on to defeat visiting Arizona. Justin Herbert completed 17 of 30 passes for 259 yards, one touchdown and two interceptions for the Chargers (2-4).

Persons: Bill Belichick, Bob DeChiara, Mac Jones, Jones, Mike Gesicki, Belichick, Don Shula, George Halas, Josh Allen, Allen, Stefon Diggs, Kareem Hunt's, Walker, Hunt, Deshaun Watson, Watson, Kevin Stefanski, Koo, Desmond Ridder, Kyle Pitts, Bijan Robinson, Tyler Allgeier, Baker Mayfield, Chase, Lamar Jackson, Jackson, Mark Andrews, Gus Edwards, Jahmyr Gibbs, Jared Goff, Amon, Ra St, Brown, D'Onta Foreman, Tyson Bagent, NCAA Division II Shepherd, QBs, Bagent, Foreman, Brian Hoyer, Davante Adams, Tyrod Taylor, Daniel Jones, Taylor, Leonard Williams, Darren Waller, Saquon Barkley, Sam Howell, Kenny Pickett, Jaylen Warren, Najee Harris, Matthew Stafford, Puka Nacua, Nacua, Royce Freeman, Geno Smith, Jaxon Smith, Jake Bobo, Smith, Kenneth Walker III, DK Metcalf, Arizona's Joshua Dobbs, Emari Demercado, Wil Lutz, Locke, Russell Wilson, Courtland Sutton, Javonte Williams, Jordan Love, Jayden Reed, Patrick Mahomes, Travis Kelce, Marquez Valdes, Rashee Rice, Isiah Pacheco, Justin Herbert, Joshua Kelley Organizations: New England Patriots, Buffalo Bills, Gillette, New, Buffalo, Bills, Browns, Colts, Indianapolis, The Browns, Cleveland, Seattle Seahawks, Falcons, Buccaneers, Atlanta, Tampa, Ravens, Lions, Baltimore, Bears, Raiders, NFL, Chicago, Las Vegas, NCAA Division II, Giants, New York, Washington, Steelers, Rams, Pittsburgh, Los, Seahawks, Cardinals, Seattle, Arizona, The Seahawks, Broncos, Packers, Denver, Chiefs, Chargers, Kansas City, Thomson Locations: Foxborough , Massachusetts, USA, Foxborough, New England, Cleveland, Detroit, Baltimore, Chicago, New, East Rutherford, N.J, New York, Los Angeles, Inglewood , Calif, Seattle, Green, P.J, Denver, Green Bay, Kansas

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