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Over those two decades, and especially since the Covid-19 pandemic, Weishaupt says he's observed and learned from shifts in the workplace. Right now, he is embracing flexible work, believes employees shouldn't be micromanaged and encourages his workforce to dress comfortably, he says. Companies like Amazon and Disney have enacted stringent in-office work policies in recent months, with some citing reasons like office costs and employee productivity. And if I choose to be in the office the remainder of the day to finish my work, I'll do it. Embrace a more casual dress codeFlexible work arrangements may challenge your office's traditional dress code of suits, below-the-knee skirts and dress shoes.
Persons: Frank Weishaupt, he's, shouldn't, Weishaupt Organizations: Boston, Owl Labs, Yahoo, Disney, Gallup Locations: Weishaupt, United States
(Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) Tolga Akmen | Afp | Getty ImagesLONDON — Fujitsu 's role in the U.K. Post Office scandal, dubbed the "most widespread miscarriage of justice" in British history, has analysts wary of what the fallout could look like for the Japanese IT giant. Between 1999 and 2015, a fault with the company's Horizon computer software used by the Post Office, a state-owned private company employing thousands of people across the country, resulted in more than 700 sub-postmasters being subjected to false prosecutions. watch nowIn a statement Thursday, Fujitsu said it regards the matter with the "utmost seriousness and offers its deepest apologies to the sub-postmasters and their families." "Based on the findings of the Inquiry, we will also be working with the UK government on the appropriate actions, including contribution to compensation." A spokesperson for Fujitsu wasn't immediately available for comment when contacted by CNBC.
Persons: Tolga Akmen, TOLGA AKMEN, Akmen, postmasters, Paul Patterson, Patterson, Fujitsu Tim Morse, , CNBC's, Mio Kato Organizations: subpostmasters, of Justice, Appeal, Getty, Afp, Fujitsu, Post Office, Post, Business, Trade, Asymmetric Advisors, CNBC, Fujitsu wasn't, Treasury, Fujitsu —, ICL, Tokyo Stock Exchange, LightStream Locations: London, AFP, U.K, Japan
“I lost 14 years of my life for a crime that I didn’t commit,” Steven Ruffin told a Brooklyn judge after sighing with emotion. Ruffin told the detectives they could retrieve the gun from his sister's boyfriend, and they did, prosecutors' report said. Prosecutors didn't release the boyfriend's name Thursday, and the names of lawyers who have represented him weren't immediately available. He told prosecutors during their recent reinvestigation that he had nothing to do with the shooting and didn't give detectives the gun. Asked Thursday about the boyfriend, Ruffin's lawyers noted that the prospect of any prosecution now is uncertain.
Persons: , ” Steven Ruffin, Ruffin, don’t, ” Ruffin, I’ve, James Deligny, Eric Gonzalez, wouldn't, , Gonzalez, Louis Scarcella, Prosecutors, Scarcella, Deligny, Tipsters, Scarcella wasn't, , he'd, weren't, Garrett Ordower, he's Organizations: Prosecutors, Brooklyn Locations: Brooklyn, Georgia, Atlanta
Kim Kardashian gave her followers a look inside her luxurious SKNN BY KIM headquarters. It has custom-made curiosities like a 3D model of her brain, and a mannequin with her measurements. It also features a museum-like "shrine" to her products, an amphitheater, and a treatment room. AdvertisementNext up, Kardashian shows another room that features "a big TV wall" that plays her "beauty campaigns on loop." Kim Kardashian has 3D models of her brain and her plane on her desk.
Persons: Kim Kardashian, , Kardashian, she's, Kim, Rick Owens, KIM Organizations: Service, YouTube Locations: TikTok
For this challenge that involves reducing spending, White suggested sticking to realistic rules. Advertisement"I think that's a perfect example of some instance where convenience totally could have taken over in a regular month where I might not be so attentive to these rules," Brooks said. The rules should not be unreasonableThe rules White made for January were realistic for her life, she said. Her rules include eating out once a week, one beverage from Sonic a week, and "absolutely no spending money on any clothes because that's my biggest overconsumption area." "I think it's going to completely change the way I spend money."
Persons: Libby Brooks, Ashlee White, White, Brooks, , she's, I've, didn't, it's, It's Organizations: Service Locations: TikTok, Brooks
Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.
Persons: Claudine Gay, Bill Ackman, , Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New
In Donald Trump's civil fraud trial, however, his attorneys have spent a disproportionate amount of time — and ire — on Allison Greenfield, the judge's principal law clerk. Notes and whispersDuring the trial, Greenfield is quiet. AP Photo/Seth WenigBecause of the enormous public interest in the Trump trial, it's held in the New York civil court's large ceremonial courtroom. AdvertisementEarly in the trial, Engoron issued a gag order forbidding Trump — and later his attorneys — from disparaging his staff, including Greenfield, citing numerous threats. A New York Law Department representative said a list of her cases was "not readily available."
Persons: Donald Trump, Arthur Engoron's, Allison Greenfield, , Donald Trump's, Arthur Engoron, Letitia James, — Engoron, James, Alina Habba, Habba, James didn't, Hillary Clinton, Greenfield, Engoron, Christopher Kise, Clifford Roberts, Jesus M, Suarez, Trump, Chris Kise, Seth Wenig Greenfield, interposes, Alison R, Democratic Sen, Chuck Schumer, Schumer, they're, Seth Wenig, it's, It's, Trump's, Ruth B, Kraft, Falcon Rappaport, Berkman, Engoron's, hasn't, she'd, Images Greenfield, George B, Daniels, Bill Clinton, Jaffe & Asher, Gregory Galterio, Jaffe, Cardozo, Johnny Depp, Amber Heard, Anna Sorokin, Anna Delvey, Sorokin, Donald Trump Jr, Brendan McDermid, he's, — Greenfield, Greenfield didn't, Kise, Laura Italiano Organizations: Service, New, Trump —, Trump Organization, AP, Democrat, Republican Party, Democratic, Trump, Falcon, Truth, Images, Cardozo School of Law, New York University, US, Jaffe &, New York Police Department, New York Law, Engoron, American Civil Liberties Union, Business, Democratic Party, West Side Democrats, Grand Street Democrats, Hell's, Democrats, Village Independent Locations: Greenfield, New, Manhattan, New York, Engoron, York, SLU
It's not clear how much scrutiny the company is under for management's role in developing and training employees to sell the product. Subpoenas are issued to compel parties such as company executives and employees, or former employees, to appear for interviews or turn over documents. In July, the OCC assessed a $15 million civil penalty against American Express National Bank. The IRS is also involvedBrooklyn attorneys are coordinating their criminal investigation alongside the IRS's criminal-investigation unit, the people BI spoke with said. Sinking morale among some sales employeesThe investigations are taking a toll on Amex's results-driven culture, current and former sales employees told BI, because compliance staff have gotten more involved in the sales process.
Persons: Amex, hadn't, salespeople, It's, Adam Isserlis, Isserlis, John Marzulli, Brian Morris, Hiral Mehta, Morris, Boies, Boies Schiller Flexner, Seth DuCharme, Charles Blazer, he's, Mehta, Hiral, Brian Organizations: American Express, Business, Justice, New York State Department of Financial Services, BI, Brooklyn, Eastern, of, OCC, American Express National Bank, Consumer Financial, Justice Department, Department of Financial Services, Department of Justice, IRS, Federal Deposit Insurance Corp, FDIC's, Government, Costco, Securities, Eastern District, Department of Homeland Security, Boies Schiller, FIFA, Taco Bell Locations: Brooklyn , New York, of New York, Eastern, Brooklyn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCasino operators in Asia are forcing workers to engage in online scams, says UNHundreds of thousands of people are being forced to work in online scamming operations, creating "two sets of victims" — the scammed and the scammer, UN Human Rights Office's Pia Oberoi told CNBC's Monica Pitrelli.
Persons: Office's Pia Oberoi, CNBC's Monica Pitrelli Organizations: UN Locations: Asia
Guatemala's President-elect Bernardo Arevalo stands on the Square of Human Rights outside the Supreme Court, in Guatemala City, Guatemala November 16, 2023. REUTERS/Cristina Chiquin/file photo Acquire Licensing RightsNov 18 (Reuters) - International rebuke swelled on Saturday over what observers say are efforts to use a politicized justice system to keep Guatemalan President-elect Bernardo Arevalo out of office. A prosecutor at Guatemala's attorney general's office on Thursday moved to strip Arevalo of his immunity from prosecution, accusing him and his running mate of complicity in the takeover of a university in the capital last year. In a statement on Saturday, the Inter-American Commission on Human Rights and its Office of the Special Rapporteur for Freedom of Expression, condemned the attorney general's office's "incessant improper actions and interference." Earlier Saturday, senior U.S. Department of State official Brian Nichols condemned the attorney general's office's "malign request" to strip Arevalo and his Vice President-elect Karin Herrera of immunity in a post on social media.
Persons: Bernardo Arevalo, Cristina Chiquin, Arevalo, general's office's, Brian Nichols, Karin Herrera, Herrera, Guatemalans, General Consuela Porras, Brendan O'Boyle, Chizu Organizations: Human, REUTERS, Guatemalan, Inter, American, Human Rights, U.S . Department of State, Democratic Initiative of Spain, Americas, Grupo IDEA, U.S, Movement, Thomson Locations: Guatemala City, Guatemala, Latin America, Spain
Yemeni Houthi rebels hijacked a cargo ship in the Red Sea on Sunday. The group has pledged to take action against Israeli ships until attacks on Gaza stopped. AdvertisementIsrael said that a cargo ship was hijacked in the Red Sea by Yemen's Houthi rebels on Iran's orders. The rebels used a helicopter raid to hijack the ship at around 1 p.m. local time, three US officials told NBC News. The Israel Defense Forces said in a statement that it was not an Israeli ship, adding that the incident was "a very grave incident of global consequence."
Persons: , Israel, Yemen's Houthi, Rami Ungar, Benjamin Netanyahu's, Yahya Sare'e Organizations: Service, Galaxy Leader, The New York Times, NBC, Israel Defense Forces, Yemeni Armed Forces Locations: Gaza, Israel, Iran, Red, Turkey, India, Bahamas, British, Yemen, Israeli, Ukraine, Bulgaria, Philippines, Mexico
GUATEMALA CITY (AP) — Guatemala’s Attorney General’s office formally requested Friday that President-elect Bernardo Arévalo and others be stripped of their immunity so it can investigate them for allegedly encouraging the student occupation of the country’s only public university. Sánchez formally requested that immunity be lifted for Arévalo, Vice President-elect Karin Herrera, three lawmakers and a deputy-elect from the Seed Movement. Stripping them of immunity allows prosecutors to pursue a formal investigation. Among the crimes prosecutors plan to pursue against Arévalo and others in the new case are exploitation of cultural assets, influence peddling and illegal association. A judge suspended the party at prosecutors’ request.
Persons: , Bernardo Arévalo, Ángel Saúl Sánchez, Sánchez, Karin Herrera, Arévalo, Walter Mazariegos, General's, Alejandro Balsells, doesn’t, ” Balsells, Consuelo Porras, Alejandro Giammattei Organizations: GUATEMALA CITY, Cultural, Arévalo’s, Movement, Seed, San Carlos University, U.S . State Department, U.S ., United Nations, Organization of American, Arévalo, Observers Locations: GUATEMALA, Guatemala
A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Shares in Applied Materials fell 7.3% after the news and the company reported quarterly results. Reuters could not determine whether Applied Materials violated the law, and it isn't clear whether the investigation will result in charges. SMIC did not immediately respond to a request for comment on the shipments from Applied Materials. A spokesperson for China's embassy in Washington was not aware of the Applied Materials probe.
Persons: Dado Ruvic, SMIC, Liu Pengyu, Karen Freifeld, Anna Driver Organizations: REUTERS, Semiconductor, Applied, Justice Department, Reuters, Materials, Justice and Commerce, Attorney's, Prosecutors, National Security Unit, China's Semiconductor Manufacturing International Corporation, U.S . Commerce Department, Commerce Department, Federal Register, Lam Research Corp, U.S . Securities, Exchange Commission, Thomson Locations: U.S, South Korea, China, Santa Clara , California, Massachusetts, Boston, Gloucester, Washington
Stanley Druckenmiller 's Duquesne Family Office added a new bet on Alphabet last quarter, while trimming his favorite artificial intelligence play — Nvidia , according to its latest filing to the Securities and Exchange Commission. The family office built a $110 million stake in Alphabet, making it Druckenmiller's seventh biggest holding at the end of the third quarter. The bet could complement his other big AI bets as Druckenmiller emerged as a bull on AI. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. Druckenmiller believes the market will be "very challenged" in the current environment, and only disciplined stock pickers will be rewarded.
Persons: Stanley Druckenmiller, Druckenmiller, it's, George Soros Organizations: Duquesne, Nvidia, Securities and Exchange Commission, Microsoft, Quantum Fund, Duquesne Capital Management, Social, Vistra Energy, Seagate Technology, Broadcom
FALLS CHURCH, Va. (AP) — A high-profile Democratic prosecutor in northern Virginia who pursued progressive reforms and drew criticism from Republican Gov. Biberaj conceded a day after the Loudoun County Board of Elections finished counting all ballots. Late absentee and provisional ballots narrowed Biberaj's deficit from roughly 1,000 votes to just 300 votes out of more than 135,000 ballots cast. Anderson, who served as Loudoun's top prosecutor from 1996 through 2003, spent just $70,000 on his campaign, compared to more than $1.1 million spent by Biberaj, according to the Virginia Public Access Project. "I am honored to lead this office again as Commonwealth’s Attorney-Elect for Loudoun County and deliver on my promise of restoring transparency and protecting our community from violent crime,” he said in a written statement.
Persons: Glenn Youngkin, Republican Bob Anderson, Biberaj, George Soros, Smith, sheriff's, Youngkin, Anderson, Organizations: Democratic, Republican Gov, Republican, Loudoun, Virginia GOP, Washington , D.C, Biberaj Locations: Va, Virginia, Loudoun County, Leesburg, Washington ,
U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum. Britain's brief budget and debt shock late last year and the way the Bank of England was forced to react was perhaps a taster. "Once current debt has been refinanced and the average interest on debt reflects the higher long rates, absent changes in policy, debt ratios will increase," Blanchard wrote. The opinions expressed here are those of the author, a columnist for Reutersby Mike Dolan Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Marcos Brindicci, Olivier Blanchard, Washington's, Blanchard, it's, Morgan Stanley, Mike Dolan, Marguerita Choy Organizations: REUTERS, . Federal Reserve, Bank of England, International Monetary Fund, Washington's Peterson Institute for International Economics, U.S, Congressional, Reuters, Thomson Locations: Buenos Aires, Argentina, United States, Europe
U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum. Britain's brief budget and debt shock late last year and the way the Bank of England was forced to react was perhaps a taster. "Once current debt has been refinanced and the average interest on debt reflects the higher long rates, absent changes in policy, debt ratios will increase," Blanchard wrote. US debt costs soarRates minus Growth hits budget mathCBO's long-term debt projectionsDYSFUNCTION AND EXPLOSIONThere were tinges of optimism though.
Persons: Marcos Brindicci, Olivier Blanchard, Washington's, Blanchard, it's, Morgan Stanley, Mike Dolan, Marguerita Choy Organizations: REUTERS, . Federal Reserve, Bank of England, International Monetary Fund, Washington's Peterson Institute for International Economics, U.S, Congressional, Reuters, Thomson Locations: Buenos Aires, Argentina, United States, Europe
IAC narrowly beats Wall Street third-quarter revenue estimates
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +2 min
Nov 7 (Reuters) - Internet holding company IAC (IAC.O) beat Wall Street third-quarter revenue estimates on Tuesday, as the owner of publisher Dotdash Meredith saw traffic growth return for core brands. IAC owns Dotdash Meredith, America's largest digital and print publisher, as well as brands such as the Daily Beast and care services platform Care.com. Revenue fell 15% to $1.11 billion, narrowly beating analyst estimates, amid a challenging advertising market. Revenue at Dotdash Meredith, its biggest business, fell 11% to $417.5 million, with digital and print revenue declining 4% and 16%, respectively. Consolidated adjusted EBITDA grew 83% year-over-year, with adjusted core earnings growing at home services platform Angi and Dotdash Meredith.
Persons: Dotdash Meredith, We've, Joey Levin, GAI, Helen Coster, Manya, Krishna Chandra Organizations: IAC, Daily, Revenue, Consolidated, Dotdash Media, . Copyright, Manya Saini, Thomson Locations: Dotdash, New York, Bengaluru
I'm fucking done," she told a reporter at Time, who described Wolfe Herd as "blinking back tears" during the interview. "My hands are tied," Wolfe Herd told the audience, according to several people who were in the room. Wolfe Herd once called him her biggest mentor, saying, "He's become my family and one of my best friends." Some early employees said they only found out about the shadow-equity program, and who received it, years later. Based on the current share price, Wolfe Herd is no longer a billionaire, though her fortune still sits at an estimated $627 million.
Persons: Whitney Wolfe Herd, Andrey Andreev, Wolfe Herd, Bumble, Whitney Wolfe, Wolfe, Bumble wasn't, Charley Gallay, I've, Robbie McKay, McKay, Jerod Harris, Sarah Mick, Bumble's, That's, Mick, Justin Mateen, Tinder, Antoine Antoniol, Andreev, What's, He's, , Jody Thelander, Alexandra Williamson, Samantha Fulgham, Chelsea Maclin, Caroline Ellis Roche, Michael Herd, they'd, Taylor, they're, Vivien Killilea, didn't, Charles Elson, Elson, Blackstone, Forbes, Ben Bergman Organizations: Worldwide Vision, Nasdaq, Carlton, Getty, Fortune, Andreev's, TechCrunch, Southwest, telltale, Founders, Chelsea, Austin, Ritz, Mailchimp, Intuit, University of Delaware, Twitter Locations: Russian, Austin, Los Angeles , California, Bumble, Northern California, Deer Valley , Utah, Punta Mita , Mexico, Tinder, London, Bermuda, WVL, San Francisco, Texas, Positano, Italy, Bay, Atlanta, MagicLab, Badoo, bbergman@insider.com
Russian regional media reported this week that the Wagner Group is hiring again in two oblasts. The reports follow months of speculation that Pavel Prigozhin would lead Wagner under the Russian Guard. And the fighters are led by the young son of Prigozhin himself, Pavel Prigozhin, reported 59.RU, a regional news outlet based in Perm. A Telegram channel affiliated with Wagner, Prigozhin 2023, has also been touting Pavel Prigozhin as the organization's future leader. AdvertisementAdvertisementThe Russian news site Military Review also reported on Sunday that Wagner would continue operations as a division of the Russian Guard.
Persons: Wagner, Yevgeny Prigozhin's, Pavel, Pavel Prigozhin, , Yevgeny Prigozhin, Prigozhin, NATALIA KOLESNIKOVA, Vladimir Putin Organizations: Russian Guard, Service, Group, Kremlin, Getty, Wagner, Telegram, Russian Defense Ministry, New York Times, The Defense Ministry, Institute for, RU, Russian National Guard, Defense Ministry Locations: Perm ., Perm . Novosibirsk, Perm, VKontakte, Russian, Ukraine, Moscow, AFP, Africa, US, Wagner Perm
Russian regional media reported this week that the Wagner Group is hiring again in two oblasts. The reports follow months of speculation that Pavel Prigozhin would lead Wagner under the Russian Guard. And the fighters are led by the young son of Prigozhin himself, Pavel Prigozhin, reported 59.RU, a regional news outlet based in Perm. A Telegram channel affiliated with Wagner, Prigozhin 2023, has also been touting Pavel Prigozhin as the organization's future leader. AdvertisementAdvertisementThe Russian news site Military Review also reported on Sunday that Wagner would continue operations as a division of the Russian Guard.
Persons: Wagner, Yevgeny Prigozhin's, Pavel, Pavel Prigozhin, , Yevgeny Prigozhin, Prigozhin, NATALIA KOLESNIKOVA, Vladimir Putin Organizations: Russian Guard, Service, Group, Kremlin, Getty, Wagner, Telegram, Russian Defense Ministry, New York Times, The Defense Ministry, Institute for, RU, Russian National Guard, Defense Ministry Locations: Perm ., Perm . Novosibirsk, Perm, VKontakte, Russian, Ukraine, Moscow, AFP, Africa, US, Wagner Perm
Pentagon launches UFO reporting form
  + stars: | 2023-11-01 | by ( Kyla Guilfoil | ) www.cnbc.com   time to read: +2 min
Think you have evidence of a clandestine government UFO program? Now there's a form for that. "We are exploring methods for how the public can do so in the forthcoming third phase of the secure reporting mechanism," he said. Kirkpatrick told reporters that his office has been tasked with gathering information on UFO incidents going back to 1945, according to a Defense Department transcript. Sensitive or classified information should not be included in the form, Kirkpatrick said, explaining it's meant as an "initial point of contact" with his office.
Persons: Sean Kirkpatrick, Kirkpatrick, that's, I'd Organizations: Department of Defense, U.S . Government, Defense, UAP, DoD, U.S . Locations: U.S
The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Rubio responded at a campaign rally in Virginia that his rival had disproportionately small hands. Are they small hands?" Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion.
Persons: Blake Brittain WASHINGTON, Trump, Donald Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, Marco Rubio, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Foley, Lardner, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Supreme, U.S . Patent, Trump, U.S, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law Locations: California, U.S, Virginia, America, Washington
The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Elster told the Supreme Court that his trademark uses a double meaning to criticize Trump while expressing his views about "the smallness of Donald Trump's overall approach to governing." Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion. "Nobody would be confused into believing that Donald Trump is selling T-shirts accusing him of being too small," Ernst said.
Persons: Marco Rubio, Donald Trump, Jim Young, Foley, Lardner, Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Republican U.S, U.S, Republican, REUTERS, WASHINGTON, Supreme, U.S . Patent, Trump, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law, Thomson Locations: Detroit , Michigan, California, U.S, Virginia, America, Washington
Speaking at this week's global finance meeting in Riyadh, HSBC boss Noel Quinn warned of a potential "tipping point on fiscal deficits" for a number of countries across the world. And some analysts fear the uncertainty of next year's funding crush is filtering out the steepening yield curve via the term premium. Term premium at highest in 8 yearsReuters GraphicsCBO long-term US debt and deficit projections'DOOM LOOP'? That's spooky enough, until you start to factor in the recent yield spike and or a return of the term premium to 60-year averages of 150 bp. Tipping point or not, there's a danger the market is starting crystallise the problem it fears most.
Persons: Sukree, Noel Quinn, it's, that's, Stephen Jen, Jen, Goldman Sachs, Jeremy Hunt, Mike Dolan Organizations: HSBC, New York Fed, Federal Reserve, Fed, JPMorgan, Treasury, CBO, Moody's, Reuters Graphics Reuters, Reuters, Thomson Locations: Kasikornbank, Bangkok, Riyadh, U.S, Washington, Europe, Italy
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