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☆ US dollar plunges to more than one-year low as inflation eases in June
▼ + stars: | 2023-07-12 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

[1/2] U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. The greenback also hit its lowest against the Swiss franc since early 2015 after the inflation report. "The Fed may have talked itself into a corner with a July 26th rate hike. Against the yen, the dollar dropped to a six-week low of 138.17 yen . The pound is being driven by expectations for the Bank of England to deliver more rate rises to tame UK inflation, which is the highest of any major economy.

Persons: Lee Jae, Simon Harvey, Brian Jacobsen, Sterling, Gertrude Chavez, Dreyfuss, Chuck Mikolajczak, Ann Saphir, Chris Reese Organizations: REUTERS, Swiss, Swiss National Bank, Core, CPI, Annex Wealth Management, Bank of England, Thomson Locations: Seoul, Swiss, Core U.S, U.S, London, Norwegian, Swedish, Menomonee Falls , Wisconsin, New York, San Francisco

[1/2] A trader works at the Frankfurt stock exchange, amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles. CPI advanced 3.0% in the 12 months through June, down from 4.0% in May and the smallest year-on-year increase since March 2021. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.885%, down 9.7 basis points . GLOBAL STOCKS, COMMODITIESOvernight in Asia, Australia's S&P/ASX 200 index (.AXJO) rose 0.4%, while the bouncing yen knocked Japan's Nikkei (.N225) down 0.8%.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Shashwat Chauhan, Jan Harvey, Chizu Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, Bank of England, U.S, Sit Investment, Fed, Bank of Canada, Japan's Nikkei, JPMorgan, Citigroup, Brent, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Boston, London, Singapore, Bengaluru

☆ Farmers Insurance pulls out of Florida, affecting 100,000 policyholders
▼ + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Farmers Insurance will stop offering its policies in Florida, including home, auto and umbrella policies, in a change that will force thousands of people to change their insurance provider. Farmers serves 100,000 customers in Florida but said there will be no impact to customers who use Farmers’ owned subsidiaries like Foremost Signature and Bristol West. “Such policies will continue to be available to serve the insurance needs of Floridians,” Farmers Insurance spokesperson Trevor Chapman said in a statement. Florida requires affected policyholders to receive a 120-day notice that their policies aren’t being renewed. Earlier this week, Farmers limited new homeowners insurance policies in California because of high costs and wildfire risks.

Persons: Trevor Chapman, don’t, aren’t, ” Mark Friedlander, ” Friedlander, hasn’t, ”, Friedlander, It’s, Hurricane Ian, Harvey Organizations: New, New York CNN — Farmers Insurance, Farmers, Bristol West, ” Farmers Insurance, ”, Insurance Information Institute, CNN, Insurance, Institute, Atlantic, National Oceanic, Atmospheric Administration, NOAA, Farm, Allstate Locations: New York, Florida, California

☆ Exclusive: Live events group Superstruct readied for sale – sources
▼ + stars: | 2023-07-12 | by ( Amy-Jo Crowley | ) www.reuters.com time to read: +2 min

Providence carried Superstruct through the COVID-19 pandemic when concerts and other public events came to a sudden halt, heavily impacting the company’s revenue and earnings. It has since grown by swallowing up festivals across Europe and Australia, and now operates 80 large-scale festivals and 200 smaller events. The rebound in live music and festivals following the end of lockdowns has also encouraged investment in the sector. Private equity owner Silver Lake is advancing towards a sale of Australian live events and ticketing group TEG, which could be worth A$2 billion dollars, according to people with knowledge of the matter. The sale of TEG could serve as a yardstick for putting a price on Superstruct, as well as gauging buyer interest, one of them added.

Persons: Superstruct, James Barton, Silver, TEG, Amy, Jo Crowley, Jan Harvey Organizations: Superstruct Entertainment, Providence, Live Nation, Thomson Locations: Superstruct, Providence, Europe, Australia, lockdowns

Metal has been arriving almost daily in response to a sharp squeeze across the front part of the LME tin curve. LME and ShFE tin stocksLME SQUEEZE, BUT NO PHYSICAL TIGHTNESSThe tightness on the LME tin contract does not seem to have reflected any shortage of tin in the physical market. The LME squeeze appears to have been more a clash of positioning in what can at times be a relatively illiquid market. Fund positioning on the LME tin contractSUPPLY DISRUPTION LOOMSWhile tin supply has recovered from early-year disruption in Indonesia and Peru, a new threat is now looming. From the start of next month, all tin mining will be suspended in the Wa region of Myanmar.

Persons: It's, Jan Harvey Organizations: London Metal Exchange, Shanghai Futures Exchange, U.S, Fastmarkets, Fund, United Wa State Army, International Tin Association, Yinman, Yunnan Tin Company, Reuters, Thomson Locations: Myanmar, Malaysia's Port Klang, Singapore, Rotterdam, Antwerp, Italian, Genoa, Trieste, Spanish, Bilbao, Baltimore, U.S, Midwest, COVID, Indonesia, Peru, Wa, Guangxi, Mongolia, Yunnan, China

☆ BOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024, Reuters poll shows
▼ + stars: | 2023-07-11 | by ( Anant Chandak | ) www.reuters.com time to read: +2 min

SummaryCompanies BOK to hold base rate at 3.50% at July 13 meetingBENGALURU, July 11 (Reuters) - The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.50% on Thursday and for the rest of the year as inflation continued to ease, a Reuters poll of economists predicted, but rate cut forecasts were pushed back by a quarter to early 2024. Median forecasts showed interest rates would remain on hold until the end of this year, followed by a 25 basis-point cut in the first quarter of 2024. In a May poll the quarter percentage-point cut was expected to come by end-2023. But a rate cut will depend on how quickly inflation falls. The survey also predicted South Korea's economy would grow 1.2% this year and 2.3% in 2024, the same as the previous survey.

Persons: BOK, Irene Cheung, Anant Chandak, Devayani Sathyan, Susobhan Sarkar, Jonathan Cable, Hari Kishan, Jan Harvey Organizations: Bank of Korea, U.S . Federal Reserve, European Central Bank, Reuters, ANZ, U.S . Fed, Thomson Locations: BENGALURU, South Korea, Asia

☆ From Taylor Swift to the World Cup, travelers are paying big bucks to catch overseas games and shows
▼ + stars: | 2023-07-10 | by ( Monica Pitrelli | Evelyn Chen | ) www.cnbc.com time to read: +6 min

When Taylor Swift's Eras tour rolls into Singapore next year, Rjay Ignacio said he'll be there — whether he has a ticket or not. "If I'm not able to get a ticket, I'm still going to Singapore," he said. He said he would only travel "for Taylor … I'm a big fan." Swifties, or Taylor Swift fans, spend an average of $1,330 on tickets, food and travel, according to the research company QuestionPro. To avoid facing an "astronomical price surge," Jakarta resident Wid said one of his friends booked a hotel in Singapore before Swift's tour tickets even went on sale.

Persons: Taylor, Rjay Ignacio, he'll, Taylor Swift, I'm, Ignacio, Taylor …, Farhan Abrol, Kanyarat Teawprasong, Swift, Armando L, Sanchez, Lionel Richie, Harvey Cohen, Wid, Nan Palmero, I'd Organizations: Deloitte, Wimbledon, CNBC Travel, Austin City Limits Music, Chicago Tribune, Tribune, Service, Swift's, Qatar Airways, FIFA, Accor Locations: Singapore, Asia, Pasig City, Philippines, YOLO, Francisco, Bangkok, Korea, Japan, Taiwan, Hong Kong, Thailand, Southeast Asia, Las Vegas, Chicago's Grant, Bahamas, United States, Navan, Cincinnati, Pittsburgh, Jakarta, Doha

But tempting as it is to buy into that - leading indicators have been flashing red for months, as yet to no avail - we are probably not at that stage just yet. "Most analysts have no choice but to have their initial bias gravitate to the mean or median range of these leading indicators," he said. Reuters ImageReuters ImageLONG AND VARIABLE LAGSOne of the most reliable recession indicators is the spread between three-month and 10-year U.S. bond yields. Reuters ImageReuters ImageAgain, if the economy isn't in recession by the end of the year, this time it really is different. The signals sent by leading indicators recently have been pretty clear - it just remains to be seen whether they will be accurate.

Persons: Jerome Powell, LEI, Eric Basmajian, Milton Friedman's, payrolls, Jamie McGeever, Jan Harvey Organizations: Federal, Reuters, EPB Research, National Bureau of Economic Research, Thomson Locations: ORLANDO, Florida, Ukraine

☆ Trump claims he'll declassify all of the JFK-related assassination records if he's reelected. He said the same thing in 2016, but ended up siding with the CIA and FBI to keep the documents secret.
▼ + stars: | 2023-07-07 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

But as president, he sided with the CIA and FBI in continuing to shield some records from the public. "When I return to the White House, I will declassify and unseal all JFK assassination related documents," Trump wrote on his social media platform, Truth. In 2017, Trump oversaw the release of over 19,000 documents but eventually broke a promise to fully release the remaining material. Siding with the CIA and FBI, Trump eventually kicked the can on the remaining records to 2021. The constant drip of records flies into the face of the spirit of the President John F. Kennedy Assassination Records Collection Act of 1992.

Persons: Trump, Biden, —, Donald Trump, John F, Kennedy, It's, Joe Biden, Kennedy's, Karine Jean, Pierre, what's, Gerald Posner, Lee Harvey Oswald, Robert F, Kennedy Jr, JFK's, Trump's, Warren Organizations: CIA, FBI, Service, White, JFK, National Archives, Biden White, Democratic, NBC News, Kennedy, Parkland Hospital

☆ Taylor Swift changes controversial lyrics for ‘Better Than Revenge’
▼ + stars: | 2023-07-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. Kevin Winter/ACMA/Getty Images Swift sings the National Anthem before Game 3 of the 2008 World Series in Philadelphia. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Jeff Kravitz/Getty Images Swift performs on stage during an "Eras Tour" concert in Atlanta in April 2023.

Persons: CNN — Taylor Swift, ” Swift, “, Swift, ” Taylor, shaming, ” Taylor Swift, Christopher Polk, Scott, Andrea Swift, Taylor Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, didn’t, It’s, –, Scooter Braun, Braun Organizations: CNN, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Machine Locations: Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta

☆ Aussie retailers in for more pain as high interest rates squeeze spending - Citi
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

July 6 (Reuters) - Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more. The brokerage cut its fiscal 2024 earnings forecast for electronics retailer JB Hi-Fi (JBH.AX), fashion retailer Premier Investments (PMV.AX), auto parts retailer Super Retail (SUL.AX), and retail conglomerate Wesfarmers (WES.AX). "It appears the two recent rate rises (in May and June) following the April pause has been the final straw, pushing some consumers to restrain their spending," Citi analysts Adrian Lemme and James Wang wrote in a note. They estimate the high rates have pushed up net household interest expense by around A$30 billion over five years through 2024. "Given Citi forecasts another two rate rises, we think confidence will remain depressed for now," the analysts said.

Persons: Adrian Lemme, James Wang, JB, Harvey Norman, Citi's, Sameer Manekar, Savio D'Souza Organizations: Citigroup, JB, Premier Investments, Super, Citi, Australia, UBS, Pizza Enterprises, Coles Group, Woolworths, Thomson Locations: Bengaluru

U.S. West Texas Intermediate crude rose $2.15 from Monday's close, or 3.1%, to $71.91 a barrel by 11:36 a.m. EDT (1536 GMT). Brent crude futures rose 45 cents, or 0.5%, to $76.66 a barrel, after gaining $1.60 a barrel on Tuesday. "The July voluntary cuts and the extension into August should considerably tighten the oil market, but investors will stay on the sidelines until oil inventories will show substantial draws," said UBS analyst Giovanni Staunovo. The American Petroleum Association will report its weekly U.S. crude oil and products inventory report after 4:30 p.m. EDT (2030 GMT) on Wednesday. Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year.

Persons: Prince Abdulaziz bin Salman, Giovanni Staunovo, Staunovo, Morgan Stanley, Shariq Khan, Natalie Grover, Yuka Obayashi, Muyu Xu, David Goodman, Jan Harvey, David Gregorio Our Organizations: Brent's Tuesday, Brent, . West Texas, American Petroleum Association, U.S . Energy, Administration, U.S, Thomson Locations: Saudi Arabia, Russia, BENGALURU, Monday's, Algeria, Saudi, OPEC, China, Europe

Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil supply cuts on Monday in an effort to send prices higher. OPEC says it does not have a price target and is seeking to have a balanced oil market to meet the interests of both consumers and producers. But Riyadh has repeatedly rebuffed U.S. calls and Prince Abdulaziz said on Wednesday that new joint oil output cuts agreed by Russia and Saudi Arabia this week have again proven sceptics wrong. ENOUGH FOR NOWThe International Energy Agency has said it expects the oil market to tighten in the second half of 2023, partly because of OPEC+ cuts. Additional oil cuts should be enough to help balance the oil market, United Arab Emirates' energy minister Suhail Al Mazrouei told reporters on Wednesday.

Persons: Prince Abdulaziz bin Salman, Prince Abdulaziz, Morgan Stanley, Suhail Al Mazrouei, Mazrouei, Dmitry Zhdannikov, Louise Heavens, Jason Neely, Jan Harvey Organizations: Saudi, Saudi Energy, Wednesday, of, Petroleum, Brent, OPEC, Reuters, Bloomberg, Wall Street, International Energy Agency, United, Thomson Locations: Russia, Saudi Arabia, Russia VIENNA, Saudi, OPEC, United States, Ukraine, Riyadh, United Arab Emirates, UAE

☆ One dead as rare summer storm hits Netherlands
▼ + stars: | 2023-07-05 | by ( Bart H. Meijer | ) www.reuters.com time to read: +2 min

In Amsterdam, several people were injured as dozens of trees were toppled by the storm, damaging cars and houseboats along the city's canals. The storm, named Poly, is the Netherlands' worst ever during the summer months and its strongest overall since January 2018, weather agency Weeronline said. The last heavy summer storm was in 2015 and was the first in over a century. The summer storm is causing much damage as trees are heavy with leaves and many of them have become brittle during an unusually long dry spell in May and June. The storm will move east over the north of the country and is expected to become less intense during the afternoon.

Persons: Weeronline, Bart Meijer, Toby Sterling, Andrew Heavens, Jan Harvey, John Stonestreet, Alexandra Hudson Organizations: National Meteorology Institute, Arriva, Alexandra Hudson Our, Thomson Locations: AMSTERDAM, Netherlands, Haarlem, Amsterdam, Noord, Holland, Amsterdam's Schiphol

SummarySummary Companies Mines minister says agreement with Vedanta Resources imminentVedanta says both parties want to sees mines in productionNAIROBI/LUSAKA, July 5 (Reuters) - Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines, with a deal over the future of the partly state-owned unit "imminent", its mines minister said. KCM has battled to attract investment since relations between Zambia and Vedanta broke down several years ago, culminating in the state's take-over of the KCM assets and forced liquidation in May 2019. The move triggering protracted legal battles, with Vedanta approaching an arbitration court in London to fight off the seizure of the copper assets. "The negotiations are advanced and an announcement is imminent," Zambia's Mines Minister Paul Kabuswe told Reuters. "We are concerned with the levels of deterioration of not only the mines but also socio-fabric of the workers," the spokesperson told Reuters.

Persons: KCM, Vedanta, Paul Kabuswe, Kabuswe, Situmbeko Musokotwane, Hakainde Hichilema, Anil Agarwal, Felix Njini, Chris Mfula, Jan Harvey Organizations: Mines, Vedanta, Vedanta Resources, Zambia's Mines, Reuters, Mining, Thomson Locations: NAIROBI, LUSAKA, Zambia, London, Africa's, Nairobi, Lusaka

☆ The main driver of inflation is shelter, says Duke University professor Campbell Harvey
▼ + stars: | 2023-07-05 | 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 EmailThe main driver of inflation is shelter, says Duke University professor Campbell HarveyCam Harvey, professor of finance at Duke University’s Fuqua School of Business, joins 'Squawk Box' to discuss the Fed's rate hike campaign, the leading indicators of inflation, and more.

Persons: Campbell Harvey Cam Harvey Organizations: Duke University, Duke University’s Fuqua School of Business

☆ Storm disrupts air and train traffic in the Netherlands
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 5 (Reuters) - Strong winds severely disrupted air and rail traffic in the Netherlands and authorities urged people to stay indoors after storm Poly hit the Dutch coast early on Wednesday with wind gusts of up to 120 kilometres (75 miles) per hour. The national meteorology institute gave a code red storm warning for a large part of the country, the highest level of alert. Residents of the Noord-Holland province, which includes Amsterdam, were sent push alarms on mobile phones warning them to stay indoors and to reserve emergency service numbers for life-threatening situations. Train operator NS halted all train traffic in the north of the Netherlands, while a highway north of Amsterdam was closed due to falling trees. Reporting by Bart Meijer and Toby Sterling; Editing by Andrew Heavens and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Bart Meijer, Toby Sterling, Andrew Heavens, Jan Harvey Organizations: Poly, Thomson Locations: AMSTERDAM, Netherlands, Schiphol, Noord, Holland, Amsterdam

☆ Music containing AI-generated elements could win a Grammy as long as a human contributes in 'a meaningful way,' Recording Academy CEO says
▼ + stars: | 2023-07-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Music containing AI-generated elements is eligible to win a Grammy, the Recording Academy CEO said. While the award will only be given to "human creators," those artists can use AI in their work. In order to win a Grammy, you need a great song, excellent distribution — and a pulse. "Music that contains AI-created elements is absolutely eligible for entry and for consideration for Grammy nomination. "What's not going to happen is we are not going to give a Grammy or Grammy nomination to the AI portion."

Persons: Harvey Mason Jr, Mason, What's Organizations: Recording Academy, Associated Press, Oxford, Cambridge

☆ Amazon rolls out first European Rivian vans in Germany
▼ + stars: | 2023-07-03 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

[1/3] An electric Rivian truck purchased by Amazon is pictured working on delivery from the Amazon facility in Poway, California, U.S., November 16, 2022. Amazon said 300 electric vans will hit the roads in the Munich, Berlin, and Dusseldorf regions as part of a 100,000-vehicle order it made in 2019 from Rivian, in which it is the largest shareholder. Rivian and Amazon will use a specially-designed shorter, thinner van than its U.S. counterpart to better fit the streets in Europe's cities. Amazon has committed more than 1 billion euros ($1.1 billion) to electrifying its fleet in Europe, with 400 million euros of that allocated to Germany. The online retailer began rolling out Rivian vans in the United States last year and now has more than 3,000 vans delivering packages in over 500 U.S. cities and regions.

Persons: Sandy Huffaker, Rivian, Nick Carey, Jan Harvey Organizations: Amazon, REUTERS, U.S, Thomson Locations: Poway , California, U.S, Germany, Munich, Berlin, Dusseldorf, Rivian, Europe's, Amazon, Europe, United States

☆ Bank of America to hold talks with Fed on stress test results
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, July 3 (Reuters) - Bank of America Corp (BAC.N) on Monday said it had begun a dialogue with the Federal Reserve to understand differing results of the central bank's stress test and the company's own under the Dodd-Frank Act. The results of the Fed's latest annual stress test released last week showed lenders including Bank of America have enough capital to weather a severe economic slump, paving the way for them to issue share buybacks and dividends. Bank of America, the second-biggest U.S. bank, has not made any announcements about its dividend or share repurchase programs since the stress test results were published. Last year Bank of America raised its dividend to 22 cents, the highest level since 2008, from 21 cents in 2021. Reporting by Saeed Azhar; Editing by Lananh Nguyen and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Dodd, Frank, Goldman Sachs, Morgan Stanley, Saeed Azhar, Lananh Nguyen, Jan Harvey Organizations: YORK, Bank of America Corp, Federal Reserve, Bank of America, U.S, Rivals, JPMorgan Chase, Thomson Locations: Wells Fargo

☆ TipRanks reveals the top 10 Wall Street basic materials sector analysts
▼ + stars: | 2023-07-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized the 10 best analysts in the basic materials sector who delivered noteworthy returns and whose recommendations outperformed their peers. In the process, it analyzed every recommendation by analysts in the basic materials sector over the past 10 years. Then, TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate and the average return. Top 10 analysts from the basic materials sectorThe image below shows the most successful Wall Street analysts from the basic materials sector. T J Schultz — RBC CapitalT J Schultz has the 10th spot on the list, with a success rate of 63%.

Persons: Rafael Henrique, Lightrocket, TipRanks, Dan Payne, Bank Dan Payne, Payne, Leo Mariani — Roth MKM Leo Mariani, John Freeman — Raymond James Raymond James, John Freeman, Freeman, Poe Fratt, Global Partners Poe, Elvira Scotto —, Elvira Scotto, Vincent Lovaglio, Scott Hanold, Michael Harvey —, Michael Harvey, Harvey, Dalton Baretto, Canaccord Genuity Dalton Baretto, T J Schultz —, J Schultz Organizations: Bank, Birchcliff Energy, Resources, Vital Energy, Global Partners, Elvira Scotto — RBC, Crestwood Equity Partners, Mizuho Securities, Comstock Resources, RBC Capital RBC Capital, Matador Resources, Michael Harvey — RBC Capital, RBC Capital, Seven Generations Energy, Generations Energy, ARC Resources, T J Schultz — RBC, Targa Resources Locations: Canada

☆ MLB roundup: Shohei Ohtani belts 30th homer in Angels' loss
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +9 min

Major league home run leader Shohei Ohtani hit his 30th of the season for the Angels, a 493-foot blast to right. Reds 7, Padres 5 (11 innings)Spencer Steer drilled a game-winning, two-out, two-run homer off the upper deck in left to lead Cincinnati past visiting San Diego for its their third straight win and 15th in 18 games. The Reds were down to their final out when Matt McLain drilled a two-run homer in the 10th to extend the see-saw contest. Pirates 8, Brewers 7Carlos Santana's two-out, two-run homer in the ninth inning lifted Pittsburgh past visiting Milwaukee for its fourth win in a row. Nationals 2, Phillies 1Stone Garrett hit a two-run homer to lift Washington past host Philadelphia for its third straight win.

Persons: Lourdes Gurriel Jr, Evan Longoria, Shohei Ohtani, Mike Trout, Arizona's Tommy Henry, Griffin Canning, Spencer Steer, Matt McLain, Elly De La Cruz, Gary Sanchez, Juan Soto, Carlos Santana's, Matt Bush, Ji Hwan Bae, Andrew McCutchen's, Santana, Carmen Mlodzinski, Brice Turang, Christian Yelich, Owen Miller, Rowdy Tellez, Freddy Peralta, Randy Arozarena, Josh Lowe, Jose Siri, Shane McClanahan, Tom Murphy, Shawn Armstrong, Jake Diekman, Kevin Kelly, Jason Adam, Colin Poche, McClanahan, James Paxton, Jarren Duran, Justin Turner, Masataka Yoshida, Jose Berrios, Stone Garrett, Dominic Smith, Lane Thomas, Josiah Gray, Hunter Harvey, Cristopher Sanchez, Alec Bohm, Justin Steele, Nico Hoerner, Nick Madrigal, Christopher Morel, Cleveland's Cal Quantrill, Will Brennan, Amed Rosario, Patrick Bailey, Joc Pederson, David Robertson, Pete Alonso, J.D, Davis, Bailey, Jeff McNeil, Tommy Pham, Omar Narvaez, Matt Olson, Michael Soroka, Olson, Eddie Rosario, Austin Riley, Sean Murphy, Ronald Acuna Jr, Soroka, Jose Altuve, Mauricio Dubon, Yainer Diaz, Dubon, Jake Meyers, Ronel Blanco, Ryan Pressly, Pablo Lopez, Byron Buxton, Joey Gallo, Max Kepler, Royce Lewis, Buxton, Lopez, Adley Rutschman, Dean Kremer, Mookie Betts, Betts, Alec Marsh, Ezquiel Tovar, Nolan Jones, Jurickson Profar, Ryan McMahon, Austin Gomber, Pierce Johnson, Andy Ibanez, Tony Kemp, Luis Medina, Eloy Jimenez, Tanner Banks, JJ Bleday, Aledmys Diaz, Shea Langeliers, Jace Peterson's, Kemp, Jordan Diaz Organizations: Arizona Diamondbacks, Los Angeles Angels, Diamondbacks, Angels, Reds, Padres, Cincinnati, The Reds, Pirates, Brewers, Pittsburgh, Milwaukee, Rays, Mariners, Tampa Bay, Seattle, Tampa, Sox, Blue Jays, Boston, Toronto, Red Sox, Nationals, Phillies, Cubs, Chicago, Guardians, Giants, Mets, San Francisco, New, Braves, Marlins, Miami, National League, Astros, Rangers, Texas, Orioles, Minnesota, Baltimore, Twins, Dodgers, Royals, Kansas City, Rockies, Tigers, Colorado, Detroit, Austin, Athletics, White Sox, Oakland, A's, Thomson Locations: Anaheim, Calif, Los Angeles, San Diego, Milwaukee, Paxton, Washington, Philadelphia, Chicago, Cleveland, New York, Houston, Arlington , Texas, Kansas, Denver, Medina

☆ Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing
▼ + stars: | 2023-06-29 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, June 29 (Reuters) - Apple (AAPL.O) will on Friday seek to fend off a revised EU antitrust charge and possible hefty fine linked to claims it prevents music streaming companies such as Spotify (SPOT.N) from informing users of other buying options outside its App Store. EU antitrust enforcers earlier this year boosted their case against the company's so-called anti-steering obligations, but dropped an earlier charge against Apple's requirement that developers use its in-app payment system. The Commission said the anti-steering obligations breach EU rules against unfair trading conditions, a relatively novel legal argument in an antitrust case. Apple has said there is no merit in the case triggered by a Spotify complaint in 2019, pointing to the Swedish music streaming service's dominant market share in Europe, where Apple Music trails in third or fourth place in most EU countries. Spotify, which will also attend the hearing, urged a speedy decision from the Commission.

Persons: Apple, Foo Yun Chee, Jan Harvey Organizations: Spotify, European Commission, Apple, Netflix, Commission, EU, Thomson Locations: BRUSSELS, EU, Brussels, Europe

☆ Germany to earmark 900 mln euros in subsidies for e-car charging systems
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] An electric vehicle (EV) fast charging station is seen in the parking lot of a Whole Foods Market in Austin, Texas, U.S., December 14, 2016. REUTERS/Mohammad Khursheed/File PhotoBERLIN, June 29 (Reuters) - Germany is to earmark up to 900 million euros ($983 million) in subsidies to expand electric vehicle charging stations for households and companies, the transport ministry said on Thursday. High prices, limited range and a lack of charging stations, especially in rural areas, are seen as the main reasons for the lag in electric vehicle sales. From next summer, an additional 400 million euros will be earmarked for companies that want to build fast charging infrastructure for commercial cars and trucks. The German government in October approved a plan to spend 6.3 billion euros over three years to rapidly scale up the number of electric vehicle charging stations across the country.

Persons: Mohammad Khursheed, Riham Alkousaa, Christian Kraemer, Friederike Heine, Jan Harvey Organizations: REUTERS, Thomson Locations: Austin , Texas, U.S, Germany, electromobility

Severe weather can happen any day of the year. Some people will go to a tornado shelter as soon as a warning is issued. The National Weather Service provides alerts in English and Spanish, which can limit communications with people who primarily speak other languages. How do I get a severe weather warning? Your cellphone should automatically receive severe weather warnings.

Persons: Kathleen Sherman, Morris, Sherman, ”, Amber Silver, Patrick Rios, Harvey, Kim Klockow, McClain, Rory Doyle, Klockow, Ilana Panich, Ms, “ Organizations: Mississippi State University, University, Social, National Weather Service, New, International, of, ., The New York Times, National Oceanic, Atmospheric Administration, The New York, Weather Service, Service Locations: Eastern Tennessee, Albany, Rockport , Texas, New York City, Rolling Fork, Miss, Austin , Texas, .

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