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☆ How to build muscle and burn fat with less work, according to a personal trainer
▼ + stars: | 2024-02-03 | by ( ) www.businessinsider.com time to read: +5 min

A simple, sustainable routine can be an effective way to build muscle and burn fat with less time and effort, said Adam Enaz, a personal trainer and dietitian specializing in fitness transformations. Too much cardio can be a waste of time if you want to build muscle. A concept called progressive overload is key to getting great results lifting weights, Enaz said. Eat enough food, especially proteinIf you're working hard in the gym but not seeing results, you might not be eating enough to build muscle. Eating more won't necessarily build muscle tissue any quicker, and can lead to fat gain instead.

Persons: Adam Enaz, Enaz, dietitians, Bobby Liu, it's Organizations: Research Locations: London

☆ A doctor lost 50 pounds on a healthy diet and another 30 pounds on Mounjaro. She says weight loss drugs may be the 'easy way out' — but so what?
▼ + stars: | 2024-01-31 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

After consulting her doctor, she lost another 30 pounds off-label on the diabetes drug Mounjaro, which is now marketed for weight loss as Zepbound. Advertisement"It was really kind of life-changing to me because it was just so easy and so natural to lose weight," Grunch told Business Insider of taking Mounjaro. AdvertisementPeople shouldn't be judged for taking weight loss drugsWhen Grunch, who shares insights into her life with her 1.8 million Tiktok followers, started losing weight, viewers speculated she was on weight loss drugs and accused her of taking the "easy way out." Oprah Winfrey , for example, told a panel in last September that she thought weight loss drugs were "the easy way out," but revealed she was taking one in December. AdvertisementThere is a huge amount of research, such as this 2014 study , showing that shaming people into weight loss doesn't work, and in fact leads to further weight gain.

Persons: —, Mounjaro, Betsy Grunch, JP Morgan, Grunch, wasn't, shouldn't, Oprah Winfrey, Winfrey Organizations: Service, Business, Research

☆ 'This is not the tech bubble': A 41-year market veteran explains why US stocks are still cheap after surging to all-time highs — and names 4 investments that can lead markets even higher
▼ + stars: | 2024-01-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 rose for nine straight weeks, its longest winning streak since 2004, as optimism built about future interest rate cuts. Stoltzfus predicted that S&P 500 earnings will end 2024 between $240 and $250. "Just about everything that you buy costs more today than it cost in 2019, 2020, before 2021 when this started taking hold, except for stocks," Stoltzfus said. Another argument that's more widely discussed is that last year's gains were driven by a handful of large growth stocks. "Some, on a multiple basis, are considerably cheaper outside of Big Tech," Stoltzfus said.

Persons: John Stoltzfus, Stoltzfus, he's, It's, Ameriprise's Anthony Saglimbene, DWS Group's David Bianco, Goldman Sachs, Tesla, —, Oppenheimer, Stocks, that's, it's Organizations: Business, Oppenheimer Asset Management, University of Michigan, Stoltzfus, Apple, Microsoft, Netflix, Nvidia, Big Tech, Software, isn't, Facebook, Google Locations: industrials

MADISON, Wis. (AP) — Federal wildlife officials announced Wednesday they will consider adding 10 new species to the Endangered Species Act, including a big bumble bee that serves as a key pollinator across the United States. Fish and Wildlife Service officials said they had completed 90-day reviews of petitions to add the species to the list and determined that listing may be warranted. Fish and Wildlife Service in 2022 to include the bee on the Endangered Species List. The agency included Eastern hellbenders who live in Missouri on the Endangered Species List in 2021. More than 1,300 species are listed as either endangered or threatened in the U.S. under the Endangered Species Act.

Persons: It's Organizations: Fish, Wildlife Service, Biological Diversity, U.S . Fish, Lockes, Lockes Wildlife Management, West Virginia . Locations: MADISON, Wis, United States, U.S, Southern, Midwest, Texas, North Dakota, Florida, Queens, Oklahoma, Alabama and Mississippi, Borneo, North Carolina, Lockes Wildlife, Nye County , Nevada, Arizona, Kentucky , Tennessee, Virginia, West Virginia, West Virginia . U.S, Eastern, Missouri

Read previewTikTok's owner ByteDance is pushing a new campaign this week to promote its Pinterest-like app, Lemon8, according to three sources familiar with the effort. AdvertisementThe "100 Bucket List Ideas" promotion is the latest in a series of pushes by Lemon8 to pay influencers to plug the app. AdvertisementThe company has been using influencer promotions for Lemon8 since early 2023 when ByteDance sought to jump-start app downloads as it rolled out in the US and UK. While Lemon8 has by no means achieved the usage levels of its sister app TikTok, it has gradually gained an audience in the US and abroad. AdvertisementByteDance is also trying to grow other content-creation apps outside of TikTok and Lemon8, including its widely popular CapCut video-editing tool.

Persons: —, ByteDance, influencers, they've, Lemon8 Organizations: Service, Business, Apple, Lemon8, TikTok Locations: Lemon8, TikTok

☆ The Himalayan mountains are growing — but Tibet could be splitting apart in the process
▼ + stars: | 2024-01-18 | by ( Kelsey Vlamis | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

As the Indian and Eurasian tectonic plates slowly collide, the Himalayan mountains continue to rise. However a new study suggests the Indian plate may be peeling apart, causing a slab tear. AdvertisementAn eons-long collision that created the Himalayas, the world's tallest mountain range, may also be splitting Tibet apart into two pieces, new research suggests. The edge of the Eurasian plate crumpled upward as India pressed into it, thrusting the Himalayas into existence. But scientists haven't been sure where exactly the Indian plate was going.

Persons: —, Gongga, haven't, Stringer, van Hinsbergen, Utrecht University geodynamicist, Simon Klemperer, it's Organizations: Service, China News Service, Reuters, American Geophysical Union, Utrecht University, Stanford University, Science Locations: Tibet, India, Lhasa, Tibet Autonomous Region, China, Utrecht

☆ European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
▼ + stars: | 2023-12-13 | by ( Annette Weisbach | ) www.cnbc.com time to read: +2 min

Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty ImagesFRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to cut interest rates. "Nonetheless, markets will probably have to correct some of their overoptimistic rate cut expectations once the ECB has spoken this Thursday." watch nowMoney markets are currently pricing in almost 150 basis points of rate cuts next year. The PEPP, or the Pandemic Emergency Purchase Program, is a flexible bond purchase program introduced during the coronavirus pandemic.

Persons: Christine Lagarde, Holger Schmieding, Isabel Schnabel, Mark Wall Organizations: European Central Bank, Bloomberg, Getty, FRANKFURT, ECB, Reuters, Deutsche Bank Locations: Frankfurt, Berenberg

Since June, the quarterly "dot plot" of policymakers' projections of the appropriate path of policy has shown rates rising another quarter point this year. Investors will be eager for the boost a rate cut would give to markets, and consumers will be relieved by lower mortgage and credit rates. Indeed, in remarks last week Fed Chair Jerome Powell noted that over the last six months inflation had averaged around 2.5%. Investors, meanwhile, have become increasingly fixed on March as a starting point for rate cuts. Between falling inflation and a modest slowdown in growth, Powell said: "We are getting what we wanted to get."

Persons: Vincent Reinhart, Dreyfus, Reinhart, Donald Trump, Michael Gapen, Gapen, Jerome Powell, Powell, Christopher Waller, Howard Schneider, Andrea Ricci Organizations: . Federal Reserve, Mellon, WE, Republican, Bank of America, Fed, Spelman College, Thomson Locations: U.S, Atlanta

☆ Three Camel Lodge gives travelers rare opportunity to experience the Gobi, Mongolia’s famed desert
▼ + stars: | 2023-11-24 | by ( Jane Sit | ) edition.cnn.com time to read: +9 min

How the Three Camel Lodge was bornThe Three Camel Lodge was the brainchild of 68-year-old Mongolian-American businessman Jalsa Urubshurow. In 2002, Jalsa decided to build something more permanent in the Gobi, and the Three Camel Lodge was born. Despite being in the desert, it’s one of just a few regions in the Mongolian Gobi that’s covered in mounds of sand. Considered a pioneer in sustainable tourism, the Three Camel Lodge today follows three main pillars: sustainable stewardship, preservation and community empowerment. Getting thereGetting to and from the Three Camel Lodge isn’t for the travel-weary – did we mention it’s remote?

Persons: Khan, Mongolia CNN —, Jalsa Urubshurow, ”, Jalsa, “ I’ve, “, Roy Andrews, Buyandelger, Andrews ’, Moltsog Els, –, we’ve Organizations: CNN, Mongolia CNN, Mongolian, ”, herder, Nomadic Expeditions, American Museum of, Expeditions, CNN Travel, birdlife, Investment, Dalanzadgad Locations: Khan khongor, Mongolia, Khan konghor, Central Asia, gers, Kalmykia, Russia, New Jersey, Bayanzag, Ulaanbaatar

☆ Inside the EV reckoning
▼ + stars: | 2023-11-23 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Tesla's price war rocked the EV market this year. AdvertisementOverall, the price war has brought down the average price paid for an EV by more than 17% this year. Read more about the EV price war:Tesla just started an electric car price war, and it's bad news for Ford and GMIt's becoming increasingly clear Tesla is just another car companyAdvertisementFord and Tesla are locked in a nasty EV price war. But dealers are starting to warn about a change in the average EV shopper that could bring a plateau to the segment. AdvertisementRead more about the changing EV customer:The EV plateau is coming.

Persons: —, Elon Musk, Tesla, GM It's, it's, It's Organizations: Service, Tesla, Ford, GM, Auto Locations: wean

☆ Australia has so many sheep that some farmers are culling their flocks or giving them away
▼ + stars: | 2023-11-23 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The Australian sheep industry is facing a crisis as farmers cull and give away sheep for nothing. AdvertisementAustralian farmers have more sheep than they can cope with and are culling livestock or giving them away for nothing, CNBC reported. With some slaughterhouses at full capacity, farmers are now culling or even giving away sheep for nothing to try to reduce the cost of rearing their flocks. Australia is one of the world's leading exporters of lamb and the current crisis has pushed global wholesale meat prices down. However, sheep ranchers from 15 states have recently moved to limit imports, arguing that Australian lamb has "decimated the United States commercial sheep industry."

Persons: —, Steve McGuire Organizations: Australia, Service, CNBC, Livestock, Bloomberg, Livestock Australia, Guardian, United Locations: Livestock Australia, El, Australia, United States

☆ Citi expects this underperforming oil and gas stock to turnaround next year with 16% upside
▼ + stars: | 2023-11-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Investors should take a second look at the oil and gas exploration company Ovintiv , according to Citibank. Ovintiv's stock collapsed earlier this year and is down near 12%, underperforming the S & P Oil & Gas Exploration & Production ETF which is up 2% for year. Citi believes Ovintiv's performance in early 2024 will improve with the investment bank putting oil and condensate production 2% above consensus estimates. Ovintiv's production plateau will rise after assessing performance on wells acquired in the Midland acreage earlier this year, according to Citi. Meanwhile, Citi downgraded APA Corp, an oil and gas company with a similar market cap to Ovintiv.

Persons: Scott Gruber Organizations: Citibank, P Oil & Gas Exploration, Citi, APA Corp, APA Locations: Midland, Egypt

☆ EU October car sales up 14.6%, EV sales jump more than 36%
▼ + stars: | 2023-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Abdul Saboor/File Photo Acquire Licensing RightsLONDON, Nov 21 (Reuters) - New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc. Sales of fully electric cars rose 36.3% from a year earlier and full hybrid sales were up nearly 39% as the EU recorded its 15th consecutive month of sales growth, the European Automobile Manufacturers Association (ACEA) said on Tuesday. The ACEA said fully electric cars made up 14.2% of sales in October, overtaking sales of diesel cars for the third time. For the ten months through October, sales of fully electric cars were up 53.1%. Reuters GraphicsTesla's (TSLA.O) sales rose nearly 150%, accounting for nearly 12% of fully electric car sales in the EU.

Persons: Abdul Saboor, Nick Carey, Matthew Lewis Organizations: Citroen, REUTERS, Union, EU, European Automobile Manufacturers Association, Reuters Graphics, Volkswagen, Europe's, Renault, European Free Trade Association, Thomson Locations: Meudon, Paris, France, EU, Britain, London

☆ ECB rates to stay unchanged for next few quarters -Villeroy
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - The European Central Bank's interest rates have reached a plateau where they will likely remain for the next few quarters, ECB policymaker Francois Villeroy de Galhau said on Monday, dismissing rate cut talk as premature. The ECB broke a streak of 10 consecutive hikes last month by holding rates steady, prompting investors to turn their attention to when rate cuts could come. The ECB aims to steer euro zone inflation towards its 2% target by 2025, though Villeroy insisted the number was an average and he was not fixated on hitting 2.0% precisely. Euro zone inflation has fallen quickly in recent months as the economy has slowed, though Villeroy said a recession could be avoided and a "soft landing" seemed more likely. ($1 = 0.9168 euros)Reporting by David Milliken, writing by Leigh Thomas, editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Francois Villeroy de Galhau, Sarah Meyssonnier, Villeroy, David Milliken, Leigh Thomas, Christina Fincher Organizations: France, Bank of France, REUTERS, ECB, Society of Professional, Thomson Locations: Paris, France, French, London, Gaza, Israel

☆ Azerbaijan’s 10 best castles and fortresses
▼ + stars: | 2023-11-20 | by ( Tom Marsden | ) edition.cnn.com time to read: +10 min

It grew up around a fortress built in the 1750s by Panah Ali Khan, founder of the Karabakh Khanate (1748-1822). Kamilla Rzayeva Tea culture: Azerbaijani tea culture originated in Lankaran and the hospitable locals will often welcome visitors with a refreshing glass. Kamilla Rzayeva Yanar Bulag: Yanar Bulag, meaning "burning spring" is a natural spring which percolates methane gas. Kamilla Rzayeva Hirkan National Park: Home to endangered Persian leopards, Hirkin National Park is a great place for hiking and cooling off. Kamilla Rzayeva Ironwood trees: Hirkan National Park's famous ironwood trees are believed to have survived the last Ice Age.

Persons: ”, Alexander the Great, Timur, Russia –, Elchin Aliyev, who’s, Akhsitan I, Ilisu, Ivan Paskevich, Imam Shamil, Potemkin, Sergei Einstein’s, Panah Ali Khan, Persian Shah, Agha Mohammad Khan Qajar, Joseph Stalin, Kamilla, Stalin, Yanar, Zindan Organizations: CNN, UNESCO, Sheki, of Sheki, Zaqatala Locations: Europe, Asia, Azerbaijan, Russia, USSR, jostle, Old City, Baku, Mardakan, Shabran, Persia, Chirag, Sheki, Caucasus, Ilisu, Ilisu Sultanate, Soviet, Zaqatala, Lesser Caucasus, Shusha, Karabakh, Persian, Alinja, Azerbaijan’s, Nakhchivan, Armenia, Iran, Turkey, Machu Picchu, Azerbaijani, Lankaran, Ironwood, ironwood, Talysh

☆ How Electricity Is Changing Around the World
▼ + stars: | 2023-11-20 | by ( Nadja Popovich | ) www.nytimes.com time to read: +9 min

Fossil Clean Fossil CleanWorld electricity generationHow Electricity Is Changing Around the WorldCarbon-free electricity has never been more plentiful. Where Fossil-Fueled Power Is Still Growing Today trend Over Last Decade Declining fossil power Mostly clean already Plateau or other trend Rising fossil power Circles are sized by the amount of total power generated by each country in 2021-22. trend Over Last Decade Mostly clean already Declining fossil power Plateau or other trend Rising fossil power Circles are sized by the amount of total power generated by each country in 2021-22. Note: Total generation data is shown through 2022 for the countries that have power generation data available through that year. (The country’s per person electricity generation is still much lower than America’s.) “But the upfront cost is a barrier.”Millions of people around the world also continue to go without access to any form of electricity.

Persons: It’s, ”, Dave Jones, —, Faran Rana, Nancy Haegel Organizations: Nuclear, Wind, Oil Gas Coal United States European Union United, United, Oil Gas Coal, Energy, International Renewable Energy Agency, United States, National Renewable Energy Laboratory, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United Locations: China, India, United States, Europe, London, Oil Gas Coal United States European Union United Kingdom Australia, Australia, Oil Gas Coal China India Indonesia Malaysia, Asia, Indonesia, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine, Oil Gas Coal Argentina Australia Austria Bangladesh Belgium Brazil Bulgaria Canada Chile China Colombia Czechia Denmark Ecuador Egypt Finland France Germany Greece Hungary India Indonesia Iran Ireland Italy Japan Kazakhstan Kuwait Malaysia Mexico Netherlands New Zealand Nigeria Norway Oman Pakistan Peru Philippines Poland Portugal Qatar Romania Russian Federation Saudi Arabia Serbia Singapore Slovakia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey Ukraine United Arab Emirates United Kingdom United States Vietnam

☆ Russia admits it was on the verge of economic collapse after getting hit with western sanctions last year
▼ + stars: | 2023-11-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia made a rare admission regarding the effectiveness of Western sanctions. A Kremlin spokesperson said the nation was on the brink of collapse after unprecedented sanctions. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That economic pressure was largely brought on by sanctions following Russia's invasion of Ukraine, Peskov added. Russia's economic projections are also based on cherry-picked data, according to two Yale researchers, who have proposed that the nation's economy could be teetering on the edge of collapse as the war consumes all available resources.

Persons: —, Dmitry Peskov, Peskov, Putin Organizations: Kremlin, Service, Russia, SWIFT, International Monetary Fund, Yale Locations: Russia, Moscow, Russia's, Ukraine

Investors like dividend stocks for their yields, but the equities' returns have been pretty dismal so far this year. "That's what is putting pressure on these [dividend] stocks, or maybe just keeping them from lifting." IPDP YTD line Dividend Performers ETF (IPDP) performance year to date When it comes to specific stocks, Gilreath likes two under-the-radar plays: Brady Corporation and ABM Industries . Brady, which manufacturers identification and health-care products, has a 1.7% dividend yield. Diversification in light of recession risk When it comes to dividends, investors should look for quality rather than quantity.

Persons: That's, Bond, Andrew Graham, Dave Sheaff Gilreath, Gilreath, Morningstar . Brady, Capital's Graham, Graham, Dow, Laura Mattia, Morningstar, George Gagliardi, You'd, I'm Organizations: Investment, Jackson, Capital, Federal Reserve, Brady Corporation, ABM Industries, Dow Inc, Dow, LyondellBasell, Shell, Coromandel Wealth Management, U.S Locations: San Francisco, Indianapolis, Sarasota , Florida, Lexington , Massachusetts

Roth MKM downgraded the company to neutral from buy and cut its price target by $9 to $2. Janney, meanwhile, downgraded ChargePoint and assigned a price target of $5, which implies roughly 59% potential upside. Stifel, on the other hand, kept its buy rating and $10 price target based on its long-term view of the stock. Analyst Joseph Moore upgraded the semiconductor manufacturer to overweight from equal weight and upped his price target on the stock by $49 to $225. Kumar has an overweight rating on the stock and a price target of $620, implying upside of 25%.

Persons: Morgan Stanley, Piper Sandler, Roth MKM, Janney, Roth, Craig Irwin, — Pia Singh, Tyler Radke, Radke, Mark Mahaney, Mahaney, Airbnb, Joseph Moore, Moore, Harsh Kumar, Kumar, Fred Imbert Organizations: CNBC, EV, Citi, Communications, Microsoft, ISI, Nvidia Locations: Thursday's, North America, Europe, 2Q24 —, U.S

That has been a sticking point for the United States in months of discussions with Beijing on climate change. The United States and China have an outsize role to play there as nations debate whether to phase out fossil fuel. That is significant because the current Chinese climate goal addresses only carbon dioxide, leaving out methane, nitrous oxide and other gases that are acting as a blanket around the planet. Then, early this year, an American fighter jet shot down a Chinese spy balloon that had floated over the continental United States. When it comes to climate change, no relationship is as important as the one between the United States and China.

Persons: Biden, Xi Jinping, ”, David Sandalow, Clinton, Obama, Sandalow, they’re, Mr, John Kerry, Xie Zhenhua, “, Xi, Manish Bapna, ” Mr, Bapna, Kerry, Xie, Valerie Volcovici, Nancy Pelosi, Kerry’s, optimistically, . Biden, Donald Trump, Keith Bradsher Organizations: Hamas, Columbia University’s Center, Global Energy, International Energy Agency, U.S ., Cooperation, Natural Resources Defense Council, Beijing, Republican Locations: Bohai, Weifang, China, United States, Taiwan, Ukraine, Israel, Beijing, Dubai, United Nations, United Kingdom, U.S, California, ”, Europe, American, America

☆ U.S.-China relations are now more about crisis prevention
▼ + stars: | 2023-11-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

It will be a rare summit before the U.S. presidential election cycle kicks off in earnest. "The immediate aftermath of the [Biden-Xi] meeting is likely to mark a cyclical high point for bilateral relations," he said. Taiwan is set to hold its presidential election in January, and a more pro-independence winner could stir more of Beijing's ire. Beijing considers Taiwan part of its territory, with no right to independently conduct diplomatic relations. The U.S. recognizes Beijing as the sole government of China but maintains unofficial relations with Taiwan, a democratically self-governed island.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Michael Hirson, Trump, Xi, Gabriel Wildau, Antony Blinken, Chuck Schumer, Shen Yamei, Shen, Gina Raimondo, Lifeng, Janet Yellen, Teneo, Nancy Pelosi, Teneo's Wildau Organizations: Reuters, U.S, China Research, Research, D.C, Strategic, International, Biden, Republican, Democratic, American Studies, China Institute of International Studies, CNBC, U.S . Commerce, Treasury, U.S . House, Representatives, Economic Cooperation, China's Ministry of Commerce Locations: Bali , Indonesia, Reuters BEIJING, U.S, China, Taiwan, South China, Washington, Beijing, San Francisco, Gaza, Ukraine, Asia

But the major railroads hauled slightly fewer containers than a year ago and 11% fewer containers than four years earlier. The strong growth in manufacturing activity between the middle of 2020 and middle of 2022 was a rebound following the disruption caused by the first wave of the coronavirus pandemic and associated lockdowns. Since then spending has rotated back towards services and there has been little if any expansion in the manufacturing sector. Chartbook: U.S. manufacturing activityLack of growth is evident in industrial energy consumption. Three-quarters of all distillate fuel oils such as diesel are consumed in freight and manufacturing, according to data from the Energy Information Administration.

Persons: Andrew Kelly, Jobs, John Kemp, Jonathan Oatis Organizations: REUTERS, Federal Reserve, Bureau of Labor Statistics, Energy Information Administration, Thomson, Reuters Locations: IceStone, New York City , New York, U.S, Europe, China, doldrums

☆ 'Pretty confident' the Fed can plateau rates at current level, Goldman strategist says
▼ + stars: | 2023-11-13 | 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 Email'Pretty confident' the Fed can plateau rates at current level, Goldman strategist saysKamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs, discusses the outlook for the U.S. economy and interest rates.

Persons: Goldman, Kamakshya Trivedi, Goldman Sachs Locations: U.S

☆ Meta's Instagram and Facebook are growing faster than TikTok
▼ + stars: | 2023-11-13 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

During the third quarter, the Facebook app's daily active users grew by 1.5% and monthly active users grew by 1.8%, according to data from Apptopia. Instagram's daily users grew by 1.5% and monthly users grew by 1.6%. In its quarterly report , Meta said Facebook's total number of daily users, including web users, grew by 5%, while monthly users grew by 3%. There is one metric where TikTok still has Facebook and Instagram beat: how long the average user spends on the app. Instagram's average user spends 58 minutes a day on the app, while the average Facebook user spends about 45 minutes.

Persons: TikTok, Mark Zuckerberg, China's Bytedance, Evercore, Meta, Instagram, Adam Mosseri, Zuckerberg, Kali Hays Organizations: Meta, Facebook, Evercore, Twitter Locations: Apptopia, Instagram, SensorTower, TikTok, khays@insider.com, @hayskali

While more than half of banks reported tightening business lending standards in the second quarter, just 35% said they cranked down further in the third quarter, with about 62% keeping standards the same. Demand for commercial and industrial loans weakened most among small firms, with more than half of banks saying credit demand had fallen among firms with annual sales of less than $50 million. About 39% of bank loan officers said loan demand had fallen among larger firms in the third quarter, compared to nearly 60% in the second quarter. For households, 86% of loan officers said they had kept standards for home mortgages about the same in the third quarter, though 12% said standards had gotten tighter. Just over 5% of banks said they had tightened standards in the second quarter.

Persons: Banks, Daniel Silver, Morgan, Howard Schneider, Paul Simao Organizations: Federal Reserve, Reuters, Fed, Thomson Locations: U.S

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