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☆ Indian shares set for muted opening on weak global cues
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 27 (Reuters) - Indian shares are set for a muted opening on Wednesday, tracking weakness in global equity markets as investors continue to grapple with prospects of higher interest rates denting economic growth. India's GIFT Nifty (.GIFc1) was mostly unchanged at 19,609 points at 7:34 a.m. IST on the NSE International Exchange. Meanwhile, foreign investors remained net sellers this month, offloading about $1.5 billion of shares as of Sept. 22, after pouring over $15 billion into Indian equities this year. Foreign investors sold 6.93 billion rupees of shares, while domestic investors bought 7.14 billion rupees shares on Tuesday, provisional exchange data showed.

Persons: Francis Mascarenhas, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, U.S, Federal, Vedanta, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment. The retreat has deepened with Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon. Pressure has built on Wall Street as yields in the bond market climbed to their highest levels in more than a decade. The Nasdaq composite, which is full of tech and other high-growth stocks, slumped 3.6% for its worst week since March.

Persons: Hang Seng, Australia's, They’d, Shawn Fain, Ford, It’s, Brent Organizations: American, China Evergrande, Dow Jones, Nasdaq, Federal Reserve, U.S, Motors, United Auto Workers, Auto, Treasury, that’s, Nvidia, Microsoft’s, Activision, Microsoft, New York Mercantile Exchange Locations: Asia, Tokyo, U.S, China, Shanghai, Seoul, American

☆ This month's three big IPOs gave up their early gains this week, denting market confidence
▼ + stars: | 2023-09-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Three highly anticipated initial public offerings that came to market this past week raised investor hopes that a nearly two-year-long drought in IPOs might finally be coming to an end. In fact, the Renaissance IPO ETF that tracks aftermarket trading in recent IPOs picked up heading into Arm's offering, but fell 2.5% on Thursday and is down nearly 5% this month. Market barometer IPOs are a barometer of market confidence as investors bet on the hope that they are snatching up companies with strong growth potential, said Truist Advisory Service's chief market strategist Keith Lerner. The underwhelming performance of recent IPOs is just another sign that the choppy market waters are likely to continue, he added. From that perspective, the recent IPOs aren't necessarily a sign of market failure, according to Sarhan.

Persons: Adam Sarhan, —, Instacart, Keith Lerner, Lerner, Sarhan, Michael Bloom Organizations: Investments, ARM, Arm Holdings, Klaviyo, CART, Facebook Locations: IPOs, Arm's, British

Shoppers wait in line at Target on the Thanksgiving Day holiday in Burbank, California, November 22, 2012. REUTERS/Jonathan Alcorn/File Photo Acquire Licensing RightsSept 19 (Reuters) - Target (TGT.N) said on Tuesday it would hire nearly 100,000 employees for the holiday season, like in the past two years, and start offering discounts for the festive period as early as October. However, Amazon.com (AMZN.O) on Tuesday announced plans to hire 250,000 workers for the holiday season, higher than the 150,000 it planned to bring in last year. Macy's said on Monday it would hire more than 38,000 full and part-time seasonal workers, fewer than the 41,000 workers it had announced to hire in 2022. Major retailers, including Target, have warned of a hit to profit resulting from inventory theft.

Persons: Jonathan Alcorn, Macy's, Jessica Ramirez, Jane Hali, Sarah Henry, Henry, Ananya Mariam Rajesh, Deborah Sophia, Arun Koyyur, Anil D'Silva Organizations: REUTERS, Mastercard, Challenger, Tuesday, Retail bellwether Walmart, Associates, Target, Logan Capital Management, Thomson Locations: Target, Burbank , California, United States, Bengaluru

☆ Top fund managers flee emerging markets in fear of a potential global crisis, new survey shows
▼ + stars: | 2023-09-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Top investors are dumping emerging market equities and buying U.S. stocks at a record pace due to concerns about a potential global crisis, according to Bank of America investment strategist Michael Hartnett. The BofA Global Fund Manager Survey showed that September saw a record jump in investor allocation to the U.S., and out of emerging market securities. The shift in asset allocation stemmed from a significant decline in China growth expectations. Bank of America's survey showed none of the respondents now expect a stronger economy in China, versus 78% when polled in February. Bank of America's survey showed investors see China real estate as the No.1 source of the next global credit event.

Persons: Michael Hartnett, Hartnett Organizations: Bank of America, Global, Survey, Bank of, People's Bank of Locations: U.S, China, Beijing, People's Bank of China

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. ETFutures: Dow up 0.03%, S&P down 0.29%, Nasdaq down 0.62%Sept 7 (Reuters) - The S&P 500 and Nasdaq futures fell on Thursday over concerns about sticky inflation, while investors awaited comments from key Federal Reserve officials later in the day to gauge the U.S. interest rate path. Investors await comments from at least six Fed speakers, including policy voting members Philadelphia Fed President Patrick Harker, Vice Chair and New York Fed President John Williams, due to speak later in the day. ET, Dow e-minis were up 9 points, or 0.03%, S&P 500 e-minis were down 13 points, or 0.29%, and Nasdaq 100 e-minis were down 94.75 points, or 0.62%. GameStop (GME.N) climbed 4.8% after the videogame retailer beat Wall Street estimates for quarterly revenue and posted a smaller-than-expected loss.

Persons: Brendan McDermid, Alibaba, Susannah Streeter, Hargreaves Lansdown, Patrick Harker, John Williams, Wells, Shristi Achar, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, GameStop, Dow, Nasdaq, Federal Reserve, Apple, Nvidia, PDD Holdings, Baidu, Philadelphia Fed, New York Fed, Traders, Investors, Dow e, Wall, Thomson Locations: New York City, U.S, China, McDonald's, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. The S&P 500 information technology index (.SPLRCT) fell 1.9% while the Philadelphia semiconductor index (.SOX) dropped 2.8%. ET, the S&P 500 (.SPX) was down 21.95 points, or 0.49%, at 4,443.53, and the Nasdaq Composite (.IXIC) was down 176.52 points, or 1.27%, at 13,695.95. The weightage of a stock on the Dow is proportional to its share value as opposed to the market capitalization-weighted S&P 500 (.SPX.). The S&P index recorded 10 new 52-week highs and 23 new lows, while the Nasdaq recorded 16 new highs and 212 new lows.

Persons: Brendan McDermid, stoked, Rick Meckler, Alibaba, Patrick Harker, John Williams, Dow Jones, Wells, Shristi Achar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Bloomberg, Nvidia, Netflix, U.S, Cherry Lane Investments, Skyworks, Qualcomm, Labor Department, Traders, PDD Holdings, Baidu, Philadelphia Fed, New York Fed, NYSE, Thomson Locations: New York City, U.S, China, Wells Fargo, Philadelphia, McDonald's, Bengaluru

An advertising board is seen during the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. The review by the banks, including Lazard, BNP Paribas, Morgan Stanley and Goldman Sachs, will involve some of Altice's major assets in the region, including SFR, France's second-biggest telecoms group, the person said. Altice, Morgan Stanley and BNP declined to comment, while spokespeople for Lazard and Goldman Sachs weren't immediately available for comment. Drahi told investors in August he felt "shocked" and "betrayed" by the ongoing corruption probe in Portugal, which led to the suspension of fifteen employees in Portugal, France and the United States and dozens of suppliers. Altice is already close to a deal to sell its data centres in France to Morgan Stanley Infrastructure Partners, French newspaper Les Echos reported on Wednesday.

Persons: Rafael Marchante, Altice, Lazard, Morgan Stanley, Goldman Sachs, France's, Goldman Sachs weren't, Patrick Drahi, Armando Pereira, Drahi, Les Echos, Mathieu Rosemain, Sharon Singleton Organizations: REUTERS, Rights, BNP, Lazard, Altice, Morgan Stanley Infrastructure Partners, Thomson Locations: Lisbon, Portugal, Dominican Republic, Altice France, France, United States

☆ European stocks extend losses as economic slowdown jitters weigh
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 4, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsSept 6 (Reuters) - European stocks extended losses for a sixth consecutive session on Wednesday as worries about global economic slowdown and higher crude prices spurring inflationary pressures weighed on risk sentiment. The pan-European STOXX 600 index (.STOXX) slipped 0.5% by 0713 GMT, hovering near a one-week low. While oil prices pulled back slightly, government bond yields continued to rise, with the German 10-year yield jumping to two-week highs. Further denting the mood, German industrial orders fell more than expected in July, the federal statistics office said.

Persons: Sruthi Shankar, Sherry Jacob, Phillips Organizations: REUTERS, Staff, Telefonica, Saudi Arabia's STC, Spanish, Thomson Locations: Frankfurt, Germany, Saudi Arabia, Russia, Bengaluru

☆ Club name Disney's dispute with Charter is bad news for both companies
▼ + stars: | 2023-09-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Bad news for Disney The ongoing carriage dispute between Charter Communications (CHTR) and Club holding Walt Disney (DIS) is bad news for both companies. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim Cramer's, Jim Organizations: CNBC, Disney Watch Oracle, Nasdaq, Energy, West Texas, U.S ., Treasury, Labor, Disney, Charter Communications, Club, Walt Disney, JPMorgan, Watch Oracle Barclays, Oracle, Barclays Locations: Saudi, U.S

☆ Oil prices gain after Saudi Arabia extends voluntary oil production cut until end of 2023
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: +2 min

On Tuesday, Saudi Arabia extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, according to the state-owned Saudi Press Agency. China, the world's second-largest economy, is considered crucial to shoring up oil demand over the rest of the year. Saudi Arabia is widely expected to extend voluntary oil cuts into October and Russia will unveil a new OPEC+ supply cut deal this week, according to its deputy prime minister. Moscow has already announced it will cut exports by 300,000 barrels per day (bpd) in September, following a 500,000 bpd cut in August. Riyadh is also expected to roll over a voluntary 1 million bpd cut into October.

Persons: Brent Organizations: U.S, West Texas Intermediate, Saudi Press Agency, European Union, Federal, ING Locations: Long Beach , California, Saudi Arabia, China, Britain, Russia, Moscow, Riyadh

☆ Hormel Foods cuts annual forecasts on weak China demand, adverse pork prices
▼ + stars: | 2023-08-31 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: The company logo for Hormel Foods is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 9, 2019. REUTERS/Brendan McDermid/File Photo(Reuters) - Hormel Foods on Thursday cut its annual revenue and profit targets after missing quarterly results as the Skippy peanut butter maker wrestled with lower pork and turkey prices and sluggish demand in key market China. Segment profit from international operations tumbled 50% from a year earlier, with the company citing softness in China and lower branded export demand. Hormel Foods now expects annual adjusted earnings per share between $1.61 and $1.67, compared with $1.70 to $1.82 forecast earlier. The Austin, Minnesota-based company now expects a flat to 4% decline in annual net sales, compared with a rise of 1% to 3% expected earlier.

Persons: Brendan McDermid, Hormel, Tyson Foods Organizations: Hormel, New York Stock Exchange, REUTERS Locations: New York, U.S, China, Austin , Minnesota

☆ Oil set for 2nd weekly fall on firm dollar as supply worries ebb
▼ + stars: | 2023-08-25 | by ( Muyu Xu | ) www.reuters.com time to read: +3 min

Brent crude rose 30 cents, or 0.4%, to $83.66 a barrel by 0434 GMT, while U.S. West Texas Intermediate crude was up 31 cents, also 0.4%, at $79.36 a barrel. Crude prices are set to fall between 1.5%-2.5% for the week, a second consecutive week of decline. A strong dollar makes oil more expensive for holders of other currencies, denting demand. Further weighing on market sentiment, U.S. officials are drafting a proposal that would ease sanctions on Venezuela's oil sector, allowing more companies and countries to import its crude oil. Analysts estimated that the top oil exporter will likely roll over a voluntary oil cut of 1 million barrels per day for a third consecutive month into October, amid uncertainty about supplies and as the kingdom targets drawing down global inventories further.

Persons: Chen Aizhu, Jerome Powell, Brent, Jun Rong, Powell's, Laura Sanicola, Muyu Xu, Jacqueline Wong Organizations: China National Petroleum Corporation, Dalian Petrochemical Corp, REUTERS, Companies United, Federal, U.S, West Texas, IG, Haitong Futures, Analysts, Thomson Locations: China, Dalian, Liaoning province, Companies United States, America, Turkey, Kurdistan, Iraq, Saudi Arabia

☆ Oil heads for weekly fall on demand worries, dollar strength
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. A strong dollar makes oil more expensive for holders of other currencies, denting demand. Oil fell for much of the week as global economies reported shrinking factory activity. India's oil consumption growth has also slowed in recent months on high inflation and slowing global trade.

Persons: Rishi Sunak, Brent, Jerome Powell Organizations: U.S, West Texas, Federal Locations: Amsterdam, Rotterdam, Antwerp, Japan, Saudi Arabia

Brent crude rose 15 cents, or 0.2%, to $83.36 a barrel, while U.S. West Texas Intermediate crude rose 16 cents, or 0.2%, to $79.05 a barrel. Prices traded lower for the majority of the session, before pushing higher in the last half hour of trading. Investor caution on the eve of his remarks lifted the safe-haven dollar, which makes oil more expensive for holders of other currencies, denting demand. Euro zone business activity also declined more than expected and Britain's economy looked set to shrink in the current quarter. On the supply side, Iran's crude oil output will reach 3.4 million barrels per day (bpd) by the end of September, the country's oil minister was quoted as saying by state media, even though U.S. sanctions remain in place.

Persons: Brent, Giovanni Staunovo, Jackson, Jerome Powell, Craig Erlam, Erlam, Shariq Khan, Ahmad Ghaddar, Mohi Narayan, Kim Coghill, David Evans, David Gregorio, Deepa Babington Organizations: cnsphoto, REUTERS, bbl, U.S, Fed, West Texas, UBS, U.S . Federal, Federal Reserve, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, Europe, New York, Amsterdam, Rotterdam, Antwerp, U.S ., Japan, Venezuela, American

Brent crude fell 16 cents, or 0.2%, to $83.05 a barrel by 11:41 a.m. EDT (1541 GMT). U.S. West Texas Intermediate crude fell 12 cents, or 0.2%, to $78.77 a barrel. "Disappointing data and nerves that the Federal Reserve could reinforce a hawkish stance are weighing on oil," said Fiona Cincotta, analyst at City Index. On the supply side, Iran's crude oil output will reach 3.4 million barrels per day (bpd) by the end of September, the country's oil minister was quoted as saying by state media, even though U.S. sanctions remain in place. U.S. crude inventories (USOILC=ECI) fell by 6.1 million barrels in the week to Aug. 18 to 433.5 million barrels, compared with analysts' expectations in a Reuters poll for a 2.8 million-barrel drop.

Persons: Jerome Powell, Brent, Fiona Cincotta, Jackson, Powell, Shariq Khan, Ahmad Ghaddar, Mohi Narayan, Kim Coghill, David Evans, David Gregorio Our Organizations: cnsphoto, REUTERS, Fed, U.S . Federal, . West Texas, Federal, Wednesday Japan, Federal Reserve, Organization of, Petroleum, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, U.S, American, Saudi Arabia

☆ North Korean Satellite Launch Fails, Again
▼ + stars: | 2023-08-23 | by ( Choe Sang-Hun | More About Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

North Korea on Thursday launched a space vehicle carrying its first military reconnaissance satellite, but failed to put it into orbit. North Korea said it would try to launch the satellite again in October. North Korea’s new Chollima-1 rocket, launched at 3:50 a.m. local time from its space launch station in Tongchang-ri, near its northwestern border with China, flew south over the sea between Korea and China. The launch triggered an emergency warning in Japan’s southernmost prefecture of Okinawa, where residents were asked to take cover. North Korea later said its launch had failed because the “emergency blasting system” of the rocket’s third stage malfunctioned.

Persons: Kim Jong, Japan Organizations: Thursday, Locations: Korea, North Korea, Tongchang, China, Japan, Okinawa, Japan, Philippines

[1/2] Pedestrians walk on an overpass near skyscrapers at the Central Business District (CBD) in Beijing, China August 21, 2023. China's prolonged economic slowdown this year comes amid weakening demand both at home and globally, a property crisis and rising unemployment. "China will continue to expand market access, comprehensively optimise the business environment ... and protect the rights and interests of entrepreneurs in accordance with the law." Eskelund, who is also Chief Representative for Danish shipping giant Maersk in Greater China and Northeast Asia, said: "I think China is evolving. This has come as European leaders have also emphasised derisking their economic ties with China.

Persons: Florence Lo, Jens Eskelund, crackdowns, Eskelund, Valdis, Laurie Chen, Shri Navaratnam Organizations: Central Business, REUTERS, European Chamber of Commerce, Reuters, China ., China . European Union, Thomson Locations: Beijing, China, BEIJING, Greater China, Northeast Asia, Danish, China . European

☆ Russian oil still relies heavily on Western-backed ships despite breaching the price cap
▼ + stars: | 2023-08-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

But there's been little decline in the amount of Western-backed vessels servicing Russia, Bloomberg reports. In recent days, the Urals crude oil price has eased from a $73-per-barrel peak, but still remains significantly above the West's threshold. Under the restriction, the Kremlin should not be able to rely on G7, EU, or US services when the price cap is surpassed. Part of the issue stems from how the price cap is designed to work in practice, Bloomberg said. The country may have also profited in other ways through the price cap.

Persons: there's, That's Organizations: Bloomberg, Service, Financial Times Locations: Russia, Wall, Silicon, that's

Economists say China needs measures to boost consumption and business confidence, such as tax cuts or government-funded consumption vouchers, but add that unlike previous slowdowns, there is no quick fix. Wang's comments came after weak economic activity data on Tuesday fuelled concern that China is heading for a deeper, longer slowdown. The private sector accounts for 60% of gross domestic product and 80% of urban employment, officials say. But there is a growing disconnect between officials calling for investment and a sweeping national security crackdown that is denting business confidence, diplomats in China say. One example was a recent anti-espionage law, accompanied by raids on some foreign consultancy firms, that sent waves of anxiety through the foreign business community.

Persons: Xi Jinping, Tingshu Wang, Joe Biden, Biden, Xi, Christopher Beddor, Wang Wenbin, Wang's, Lee Smith, Baker Donelson, Xu Chenggang, Xu, Laurie Chen, Yew Lun Tian, Martin Quin Pollard, John Geddie, Robert Birsel Organizations: REUTERS, Rights, GAP, State, U.S . Department of Commerce, Stanford University's Center, Chinese Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, U.S, loggerheads, Taiwan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Wall Street closed sharply lower on Tuesday after solid retail sales growth in July added to uncertainty around the interest rate outlook, with concerns over a possible downgrade of several U.S. lenders by Fitch further denting risk sentiment. Investors are now focused on the Federal Reserve's July 25-26 meeting minutes, due at 1400 ET (1800 GMT), which may indicate how many policymakers feel the U.S. central bank is done raising interest rates. The central bank had raised rates by 25 basis points at the end of the meeting. Coinbase(COIN.O) gained 5.4% as the crypto exchange secured regulatory approval to allow U.S. retail customers to trade crypto futures.

Persons: Brendan McDermid, Piper Sandler, Fitch, Michael Hewson, Tesla, Amruta Khandekar, Vinay Dwivedi, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nvidia, Dow, Nasdaq, Federal, Target, Traders, Committee, CMC Markets, Walmart, Dow e, Tower Semiconductor, Intel, Thomson Locations: New York City, U.S, China, Bengaluru

☆ Aptiv expects semiconductor prices to remain high
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Aug 9 (Reuters) - Aptiv PLC (APTV.N) does not expect semiconductor prices to cool off in the near future, the auto parts supplier said on Wednesday. Even though supply-chain challenges are easing, prices of certain parts remain high, denting profits. The company said the "real challenge" is in obtaining chips, whose prices have risen 25% to 30%, while supply chains remain tight. The Dublin-based company said demand for new vehicles remains strong in North America and Europe, but flagged concerns around underlying GDP growth in China. Reporting by Pratyush Thakur in Bengaluru; Editing by Shailesh Kuber and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Clark, Pratyush Thakur, Shailesh Kuber, Pooja Desai Organizations: Aptiv, Ford, Detroit, JPMorgan, United Auto Workers, UAW, Ford Motor, General Motors, Thomson Locations: Dublin, North America, Europe, China, Bengaluru

☆ China's economy is sputtering as the nation's exports hit their lowest level in over 3 years
▼ + stars: | 2023-08-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The country's outbound shipments slid at their steepest pace since February 2020, per The Wall Street Journal. Heightened geopolitical tensions between Beijing and the US have pushed some Western buyers to look elsewhere for supply chain needs. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Exports in July declined at the sharpest pace since February 2020, according to Chinese customs data cited by the Wall Street Journal. The Financial Times reported Sunday that the government has warned economists and experts not to paint the economy in a negative light.

Persons: COVID lockdowns, there's, Terry Organizations: Street, Service, Exports, Wall Street, Capitol, European Union, Terry Group, UN, Financial Times Locations: Beijing, Wall, Silicon, China, Russia

☆ With Each Indictment, Trump Solidifies His Base - The New York Times
▼ + stars: | 2023-08-07 | by ( Rich Lowry | ) www.nytimes.com time to read: +1 min

Donald Trump is the most-indicted front-running presidential candidate ever. Indeed, it’s not that he’s winning despite the indictments; it’s almost as though he’s winning because of the indictments. Before this, the presumption in contemporary politics has been that a serious presidential candidate would have to withdraw if indicted. If the time and resources necessary to fight criminal charges didn’t dissuade him or her, the voters would leave the candidate no other choice. Why hasn’t this happened to Mr. Trump?

Persons: Donald Trump, Mr, it’s, Alvin Bragg, Daniels, Trump, he’s Organizations: Republican, Republicans Locations: Manhattan

CHASIV YAR, Ukraine—Some of Ukraine’s biggest gains in its counteroffensive have come around the city of Bakhmut, which Russia seized in May after months of bloody fighting. But soldiers near there say advances have slowed in recent days amid stiff Russian defense and counterattacks, denting hopes that Kyiv could soon retake the city.

Persons: CHASIV YAR, denting Organizations: Ukraine’s Locations: Ukraine, Bakhmut, Russia

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