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☆ Bank of England set to hold rates again, but markets see no cuts on the horizon
▼ + stars: | 2023-11-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. "U.K. economic activity appears to have slowed further, the housing market is weaker, consumer spending is falling, and inflationary pressure is showing further signs of dissipating. U.K. inflation came in at 6.7% in September , unchanged from the previous month and considerably higher than in other G7 economies. "The only way that we can rationalise this is if U.K. inflation remains stuck at 3% or higher forever, and/or the U.K. economy avoids a meaningful recession," he said. The European Central Bank last week held rates steady at their current record high of 4%, ending a run of 10 straight hikes.

Persons: Mike Riddell, BoE, Swati Dhingra, Riddell, Abbas Khan, Haskel, Mann, Dhingra, Catherine Mann, Allianz's Riddell Organizations: Bank of England, Allianz Global Investors, P, MPC, Bank, Monetary, LONDON, Barclays, U.S . Federal, Treasury, European Central Bank Locations: City, London, Britain, Israel

☆ Britney Spears’s Memoir Sells 1.1 Million Copies in U.S. in First Week
▼ + stars: | 2023-11-01 | by ( Julia Jacobs | ) www.nytimes.com time to read: +2 min

A news release from Gallery Books, an imprint of Simon & Schuster, announcing the sales numbers quoted Spears as saying, “I poured my heart and soul into my memoir, and I am grateful to my fans and readers around the world for their unwavering support.”(Published figures put the price tag for Spears’s memoir between $12.5 million and $15 million.) The book is Spears’s first full account of her 13 years under a conservatorship, which her father, James P. Spears, was granted in 2008 amid a custody battle and Britney Spears’s series of public struggles. In the memoir, Spears describes an adulthood in which security personnel dispensed her medications and put parental controls on her iPhone. Kristen McLean, an industry analyst for Circana BookScan, which tracks book sales numbers, said on Wednesday that Spears’s memoir seemed as though it had a good chance of surpassing one million in print sales in the United States this year. Only one adult nonfiction title — Prince Harry’s “Spare” — has reached that height so far.

Persons: Simon, Simon & Schuster, Spears, Mickey, Justin Timberlake —, James P, Britney, Kristen McLean, Circana, Harry’s “, McLean, Walter Isaacson’s, Elon Musk, Michael Lewis’s, Sam Bankman, Jada Pinkett Organizations: Books, Simon &, Mickey Mouse Locations: Louisiana, Kentwood, United States

NEW YORK (AP) — Britney Spears' memoir “The Woman in Me” has sold 1.1 million copies in the U.S. alone through its first week. On the day of publication, Spears posted on Instagram that her book had become “the highest selling celebrity memoir in history.” It is not, so far, even the highest selling memoir of 2023. But Prince Harry's memoir “Spare,” which came out in January, sold 1.6 million U.S. copies in its first week. In one day last week, from Monday to Tuesday, Spears’ catalog jumped 18.2% in on-demand streams, and 36.8% in album sales. According to Luminate, her U.S. streams increased 24% over the previous week — from 16 million to 19.8 million; her album sales were up 61.4% and digital sales 49%.

Persons: Britney Spears, ”, Spears, Simon & Schuster, Justin Timberlake, Prince, Luminate, Oscar, Michelle Williams, Williams, Barack Obama's, Michelle Obama's “, Harry Potter, “ Harry Potter, Maria Sherman Organizations: Books, Simon & Locations: U.S, ”

☆ House Speaker Mike Johnson partnered with anti-gay conversion therapy group before he became a politician
▼ + stars: | 2023-11-01 | by ( Andrew Kaczynski | ) edition.cnn.com time to read: +6 min

CNN —Speaker of the House Mike Johnson closely collaborated with a group in the mid-to-late 2000s that promoted “conversion therapy,” a discredited practice that asserted it could change the sexual orientation of gay and lesbian individuals. Founded in 1976, Exodus International was a leader in the so-called “ex-gay” movement, which aimed to make gay individuals straight through conversion therapy programs using religious and counseling methods. Exodus International connected ministries across the world using these controversial approaches. At the time, Johnson worked as an attorney for the socially conservative legal advocacy group, Alliance Defense Fund (ADF). The Day of Truth sought to counter that silence by distributing information about what Johnson described as the “dangerous” gay lifestyle.

Persons: Mike Johnson, Johnson, ”, Exodus, Truth, ” Johnson, “, God, ” Wayne Besen, ” Randy Scobey, Scobey, ” Scobey Organizations: CNN, International, Alliance Defense Fund, ADF, Lesbian Straight Education Network, Louisiana Republican, ADF’s, Exodus, Alliance Defense, Alliance Defending Locations: Louisiana, Roman, Rome

☆ 9 Moves to Help You Pay Off Credit Card Debt
▼ + stars: | 2023-10-31 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +14 min

More than half of all Americans are currently aren’t managing to pay their credit card bills in full each month, J.D. Power found recently, helping explain why we now owe a record $1 trillion in credit card debt. Request an interest rate reductionCall each of your credit card issuers and ask for a lower APR, advises Todd Christensen, education manager with Debt Reduction Services, a nonprofit debt counseling agency. Work with a nonprofit credit counseling agencyIf you’re struggling to make the minimum credit card payment required each month or already behind, reach out to a nonprofit credit counseling service for assistance. These organizations, typically members of the Financial Counseling Association of America or the National Foundation for Credit Counseling, will review your finances and credit card debt to help you better manage your budget and repayments.

Persons: Kerri Anne Renzulli, Power, you’ve, You’ll, Experian, Beverly Harzog, ”, Todd Christensen, John Ulzheimer, you’ll, you’re, Bruce McClary, Says Organizations: Mint, Debt, Surveys, TK, nab, Consumer Financial, Financial, Association of America, National Foundation, Credit, Credit Counseling Locations: FICO

☆ Books Offer Shelter From the Storm of Dementia
▼ + stars: | 2023-10-31 | by ( Alexandra Jacobs | More About Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

Well, it works too for dementia: that dull and darkening cloud that will dim more and more people’s lives as baby boomers enter old age. Alzheimer’s is the most common variant of dementia, like tequila is to mezcal — both of which might come in handy if you are helping care for someone with the disease. I’ve watched some version of it descend on both of my parents (hi Mom, for whom the print edition of The New York Times remains a blessed daily guidepost). A credit-card bill unpaid; a date forgotten; an episode of disorientation at a familiar train station — these might get excused and melt away. Then one day you wake up and realize you’re in a full-on blizzard.

Persons: “, ”, John Bayley, Iris, Iris Murdoch, —, I’ve Organizations: The New York Times Locations: Israel

President Joe Biden’s Cabinet secretaries will be advocating for the foreign aid to a mostly friendly audience in the Senate, where majority Democrats and many Republicans support tying aid for the two countries together. Despite growing questions about the Ukraine aid within the Republican conference, Senate GOP Leader Mitch McConnell has forcefully advocated tying the aid for Ukraine and Israel together. As they returned to Washington on Monday night, Senate Republicans who support the Ukraine aid were uncertain of the path forward. 2 Senate Republican, said it could complicate Democrats’ efforts to pass the two together if there were a bipartisan vote for the Israel aid alone in the House. In recent weeks, though, a growing group of Senate Republicans have joined the majority of House Republicans who are advocating to slow down or stop U.S. aid to Ukraine.

Persons: Lloyd Austin, Antony Blinken, Joe Biden’s, Mike Johnson, Biden, ”, Chuck Schumer, Vladimir Putin, Patty Murray, Maine Sen, Susan Collins, ” Murray, Mitch McConnell, Oksana Markarova, ” Markarova, embolden Putin, Sen, John Thune of, Thune, Republican Sen, Joni Ernst, Iowa, Ohio Sen, J.D, Vance, Putin, Johnson, Schumer, “ we're, Richard Neal, Ron Wyden, ” Wyden, Karine Jean, Pierre, ” “, —, Seung Min Kim, Fatima Hussein, Tara Copp Organizations: WASHINGTON, —, Senate, Republican, Internal Revenue Service, Republicans, Hamas, Senate Republicans, House Republicans, Fox News, Democrat, New York Rep, White, Associated Press Locations: United States, Israel, Ukraine, America, Russia, Taiwan, China, U.S, Mexico, Ukrainian, Kentucky, Washington, John Thune of South Dakota, Ohio

☆ A for-profit school that 'deceived' student-loan borrowers and pushed them to take on 'unexpectedly high levels' of debt got hit with a $37 million fine, Biden's Education Department says
▼ + stars: | 2023-10-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The Education Department fined for-profit Grand Canyon University $37 million over accusations of misleading behavior. It said Grand Canyon mispresented the costs of its doctoral programs, leading to high student debt. AdvertisementAdvertisementA major for-profit school just got hit with a fine over accusations of misleading thousands of its students. A senior department official told reporters on a Tuesday press call that this is the largest penalty the Education Department has ever enforced on a school. "Rather than the Department protecting students, we are being forced to protect our students from this targeted and unwarranted government overreach."

Persons: —, Joe Biden's, GCU, Richard Cordray, GCU's, Aaron Ament, they'll Organizations: Education Department, Canyon University, Service, Joe Biden's Education Department, Grand Canyon University, Federal, Aid, Department, Federal Student Aid, The Education Department, University of Phoenix, Student Defense, of Education

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Apple, AbbVie, Chevron, Krispy Kreme, Roku and more
▼ + stars: | 2023-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are the biggest calls on Wall Street on Monday: JPMorgan upgrades Eastman Chemical to overweight from neutral JPMorgan said it sees an earnings rebound for Eastman Chemical. Bank of America reiterates Roku Bank of America said it's standing by its buy rating heading into earnings later this week. JPMorgan downgrades Olin to neutral from overweight JPMorgan downgraded the chemical company citing concerns about reduced product demand. " JPMorgan downgrades Valley National to neutral from overweight JPMorgan downgraded the regional bank mainly on valuation. Bank of America initiates Cooper Companies as buy Bank of America said the contact lens company is well positioned. "

Persons: Bernstein, Tesla, underperform Bernstein, Morgan Stanley, Apple, it's, Pinterest, Raymond James downgrades, Raymond James, TD Cowen, Decker, Baird downgrades Datadog, Baird, JPMorgan downgrades Newell, JPMorgan downgrades Olin, Olin, Harris, Hess, Truist, Piper Sandler, Piper, Oppenheimer, Goldman Sachs, Okta, Goldman, Wolfe Organizations: JPMorgan, Eastman Chemical, Barclays, Bank of America, Roku Bank of America, Apple, Citi, Raymond James downgrades Cisco, Cisco, Stanley Black, JPMorgan downgrades, JPMorgan downgrades Newell Brands, Newell Brands, UBS, East West Bancorp, Chevron, of America, Cooper Companies, Microsoft, MSFT, Deutsche Bank, Nvidia, Deutsche, Broadcom Locations: China, Okta

☆ Top Wall Street analysts remain optimistic about these five stocks
▼ + stars: | 2023-10-29 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Mahaney reiterated a buy rating on NFLX stock with a price target of $500. Baird analyst Colin Sebastian recently initiated a buy rating on CART stock with a price target of $31. SLBOilfield services company SLB (SLB), formerly Schlumberger, recently reported better-than-expected third-quarter adjusted earnings. Calling SLB a structural winner, particularly during pullbacks, Mehta reiterated a buy rating on the stock with a price target of $65.

Persons: Dado Ruvic, Wall, Mark Mahaney, Mahaney, TipRanks, roadmaps, Harlan Sur, Sur, Baird, Colin Sebastian, Sebastian, Instacart, SLB, Goldman Sachs, Neil Mehta, Mehta, Tesla Organizations: Reuters, Netflix, Nvidia, JPMorgan, TipRanks, Schlumberger, Saudi Aramco, United Arab Locations: Saudi, United Arab Emirates, Qatar

☆ Look of the Week: LeBron James flies the flag for the man bag
▼ + stars: | 2023-10-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Four-time NBA champion LeBron James is the latest male celebrity to be spotted out and about wearing a high-fashion bag. James arrived in Denver wearing a green Louis Vuitton Speedy bag. Jacob Elordi was seen this summer in an array of it bags, including this burgundy Valentino Loco bag. Indeed, men wearing bags are consistently the butt of jokes in internet memes, comic strips, and even stand-up comedy sets. Doubtless it’s a dedication appreciated by the likes of James, Elordi, A$AP and Tyler, whose street style looks contribute further proof — were any needed — that man purses are enjoying a newfound socio-cultural appreciation.

Persons: LeBron James, James, Louis Vuitton, Garrett Ellwood, Kim Kardashian, Rihanna, Jacob Elordi, Sofia Coppola’s, “ Priscilla ”, Burberry Sanford, Valentino, James ’, “, ”, Tyler, — Tyler, Alessandro Levati, Joey, Chandler, Ross, Andrew Schulz, Rocky, Jackson Lee, Pharrell, Elordi Organizations: CNN, Ball, LA Lakers, Denver’s Nuggets, Burberry, tote, GQ Magazine, Louis Vuitton Locations: Denver , Colorado, Denver, bro

☆ IFPDA Print Fair Review: Jumping Off the Page
▼ + stars: | 2023-10-27 | by ( Brian P. Kelly | ) www.wsj.com time to read: 1 min

Andy Warhol’s ‘Shoe’ (c. 1950s) Photo: Long-Sharp GalleryNew YorkIn the stratified caste system of the art market, where paintings reign, prints belong to the underclass. Or so those too snobbish or disconnected from history might have you believe. While most prints lack the rarity of paintings since they’re released as multiples, they’ve long played indispensable roles in the art ecosystem: teaching tools in the pre-internet age; affordable entry points for collectors who can’t afford one-of-a-kind works; products of processes by which artists can further expand their practice.

Persons: Andy Warhol’s, they’re Organizations: York

☆ Hanging Drapery Is Harder Than You’d Think. But You Can Do It.
▼ + stars: | 2023-10-27 | by ( Tim Mckeough | ) www.nytimes.com time to read: +1 min

On the other hand, he said, “If the room doesn’t feel layered or there’s nothing particularly inspiring about it, adding a new pair of drapes with a particular color or print could dramatically change the space.”When you’re reviewing swatches, study the color, pattern and texture, but also think about the weight of the fabric. “Drapes are almost like a gown,” Mr. Arnold said. Finally, consider the light-blocking qualities of your favorite fabrics. Mr. Arnold almost always lines his drapery with a second fabric, which can be sheer enough to simply filter the light or dense enough to provide full blackout. Sometimes, he adds a pair of sheers behind the main curtains for better light control.

Persons: ” Mr, Arnold, “, It’s

☆ Stanley Black & Decker just delivered the quarter we've been waiting for. Wall Street agrees
▼ + stars: | 2023-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Stanley Black & Decker (SWK) reported solid third-quarter results Friday, with cash generation and improved margin performance on full display. SWK YTD mountain Stanley Black & Decker YTD Stanley Black & Decker shares soared roughly 8% on the print, boosting their year-to-year gains to more than 11%. Stanley Black & Decker's marginally weaker-than-expected sales in the quarter were more than offset by further improvement to inventory levels. The company is targeting further gross margin expansion in 2024 as the work to get over the 35% by 2025 threshold continues. Stanley Black & Decker drills are displayed for sale at a Home Depot store in Emeryville, California.

Persons: Stanley Black, Decker, Decker YTD Stanley Black, it's, Donald Allan, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Revenue, LSEG, Management, Pro Tools, CNBC, Bloomberg, Getty Locations: Emeryville , California

☆ Bank of America’s investment strategist says the S&P 500 correction could last until it hits this level
▼ + stars: | 2023-10-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The stock market could see further damage if one key index can't hold an important technical level, according to Bank of America investment strategist Michael Hartnett. Looking at several key indexes, Hartnett said in a client note Thursday that selling pressure has persisted even in less tech-sensitive parts of the market, specifically citing the S & P 500 Equal-Weighted index. If that can't hold onto the 5,540 level — it closed Thursday at 5,501 — it could signal further pressure on the more widely followed S & P 500 market-cap weighted index. .SPX YTD mountain S & P 500, YTD While still up 7.8% for 2023, the S & P 500 has tumbled about 14% from its all-time high. However, Harnett said he won't get bullish until the "3Ps" kick in: "bearish positioning combines with recessionary Profits to Policy easing."

Persons: Michael Hartnett, Hartnett, Harnett Organizations: Bank of America, Wall Locations: Thursday's

It’s being promoted on the official government website of the Republican-controlled Ohio Senate. Republican Senate President Matt Huffman shied away from labeling “On the Record” a news service when questioned by reporters shortly after its launch. As of Friday, the blog was the only link available under the “News” tab for the Ohio Senate. In comparison, the website for the Republican-led Ohio House features press releases on its signature bills, and awards and activities related to both Republican and Democratic lawmakers. The blog they spearhead is maintained by Legislative Information Services, an IT office for both of Ohio's legislative chambers with a $13 million annual budget.

Persons: It’s, “, ”, that’s, Laura Manley, “ I’ve, Sen, Bill DeMora, Matt Huffman shied, John Fortney, it’s, Garth Kant, Britt Bischoff, Fortney, ” Mary Ruth Ziegler, Ziegler, ” ___ Fernando, Samantha Hendrickson Organizations: Republican, Ohio Senate, Ohio, Shorenstein Center, Media, Harvard Kennedy School, ”, The Associated Press, Supreme, Democratic, GOP, Ohio House, Buckeye Institute, Legislative Information Services, Red Wine, Google, Republicans, University of California, Davis School of Law, Associated Press, AP Locations: COLUMBUS , Ohio, Ohio, U.S, “, Chicago, Columbus

Since the war began, Saudi officials have returned to specific calls for a substantive Israeli-Palestinian peace process and for the creation of a Palestinian state with Jerusalem as its capital. Despite the escalating violence, it appears that American and Saudi officials are holding on to hopes of a normalization deal with Israel. Senators said they left Riyadh with the impression that Saudi leaders would still like to recognize Israel when the right moment arrives. Prince Mohammed launched a disastrous Saudi-led military intervention in Yemen in 2015 aiming to oust the Iran-backed Houthi rebels who nonetheless remain firmly in power there. It merely said that, although tensions persisted between Israel and the Palestinians, the Biden administration had “de-escalated crises in Gaza.”

Persons: Prince Faisal bin Farhan, Jordan —, Prince Mohammed, Houthi, Blumenthal, Israel “, Mr, Biden “, Jake Sullivan, “, Sullivan, Biden, ” Organizations: Saudi, Israel, Senators, State Department, U.S ., U.S, Foreign Affairs Locations: Bahrain, Egypt, Jordan, Iran, Israel, Saudi Arabia, Palestinian, Jerusalem, Saudi, Riyadh, Yemen, East, Washington, U.S, United States, Gaza

☆ Morning Bid: Amazon and goldilocks ride to the rescue
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Unlike the reaction to similarly decent results from some of its Big Tech peers this week, shares in the online retail giant Amazon climbed 5% after hours. And both Nasdaq and S&P500 futures were set to bounce into the weekend later after the cash markets closed at their lowest since May. With nominal U.S. growth running at close to 8%, depending on which inflation gauge you use, the heat is impressive. And even the racy headline GDP growth rate was below many assumptions of a 5%-plus print. That bond relief has perhaps flattered the overnight stocks bounce - although on aggregate the earnings season is pretty decent too.

Persons: Brendan McDermid, Mike Dolan, megacaps, Wang Yi, crumb, Sanofi, TRowe Price, Stanley Black, Decker, CBRE, Christine Lagarde, Jane Merriman Organizations: Chevron Corp, Hess Corp, New York Stock Exchange, REUTERS, Amazon, Big Tech, Nasdaq, Treasury, Federal Reserve, Fed, Big, Exxon Mobil, Chevron, Apple, of Japan, European Central Bank, Britain's NatWest, Financial, Authority, University of Michigan, Colgate, Palmolive, Xcel Energy, Charter Communications, Phillips, Central Bank, European Union Summit, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, United States, China, Syria, Europe, Dallas, Abbvie, LyondellBasell, Brussels

☆ Analysts are bullish on Amazon's growth story ahead of its earnings
▼ + stars: | 2023-10-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Investors are staying bullish ahead of Amazon's quarterly report Thursday as the company's cloud and consumer-focused businesses show signs of strength. Heading into Amazon's earnings announcement, some of the biggest firms were optimistic on the company's growth potential. Anmuth has an overweight rating and price target of $180 on shares, suggesting the stock could jump more than 48%. The firm kept its buy rating and $167 price target on shares, which implies 37.5% upside potential from Wednesday's close. Bank of America says more room for growth ahead Bank of America analyst Justin Post reiterated his buy rating while raising his price target to $154.

Persons: Doug Harrington, Doug Anmuth, Anmuth, Ronald Josey, Mark Mahaney, Morgan Stanley, Amazon Morgan Stanley, Justin Post, Michael Bloom Organizations: Deal, Amazon, Amazon Web Services, JPMorgan, Citi, " Bank of America, Bank of America Locations: Echo, India

☆ Jim Cramer says buy this cheap mega-cap tech stock following a strong earnings print
▼ + stars: | 2023-10-26 | by ( Jeff Marks | ) www.cnbc.com time to read: 1 min

Jim Cramer says buy this cheap mega-cap tech stock following a strong earnings printIn an oversold market, Jim Cramer and portfolio director Jeff Marks are looking for buying opportunities. Meanwhile a few of our Club stocks are starting to stabilize in this week's market downturn.

Persons: Jim Cramer, Jeff Marks

☆ Why some Wall Street analysts say to consider buying the post-earnings dip in Meta Platforms
▼ + stars: | 2023-10-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street analysts are standing by Meta Platforms despite the post-earnings sell-off, with some recommending using the pullback to scoop up the stock. "Let's be clear, there's still a lot to get excited about," said Bernstein analyst Mark Shmulik. META 1D mountain Meta shares slump post-earnings Shares were last down about 4%. "We believe Meta continues to execute well & remains disciplined, and we would be buying the pullback in Meta shares," said JPMorgan's Doug Anmuth. "While all advertising may be impacted by geopolitical activity, advertising allocation remains a relative game and we believe META's differentiation gap is widening vs most peers," he said.

Persons: Bernstein, Mark Shmulik, Meta, Doug Anmuth, Ronald Josey, Evercore, Mark Mahaney, Ross Sandler, Morgan Stanley's Brian Nowak, — CNBC's Michael Bloom Organizations: Meta, Facebook, Wall Street, Tech, Barclays

☆ Amazon stock swings after a great quarter underscore our golden rule during earnings season
▼ + stars: | 2023-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Operating income increased over 340% to $11.12 billion, significantly exceeding forecasts of $7.7 billion, according to FactSet, and above the high-end of management's guidance. As a result, the operating income estimate is a more telling metric on how Amazon fared relative to Wall Street's expectations — and make no mistake, it was strong. In the Companywide part of the table, the cost of sales line-item came in above expectations at $75 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Andy Jassy, Jassy, that's, it's, Jim Cramer's, Jim Cramer, Jim, Omar Marques Organizations: Amazon, Services, Revenue, LSEG, Rivian Automotive, Management, North, CNBC, Lightrocket, Getty

☆ At UN podium, Israel's envoy plays gruesome Hamas attack video
▼ + stars: | 2023-10-26 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

REUTERS/Mike Segar Acquire Licensing RightsUNITED NATIONS, Oct 26 (Reuters) - Israel's United Nations envoy showed the 193-member General Assembly a brief video on Thursday that he said showed a Hamas fighter trying to decapitate a man with a garden tool during the Palestinian militants' Oct. 7 attack on Israel. At each seat in the hall at United Nations headquarters, Israeli diplomats placed a print out of a QR code with the title "Free Gaza from Hamas, scan to see Hamas' atrocities". Israel has vowed to wipe out Hamas, which rules Gaza, in retaliation for the attack that killed 1,400 people. Israel has struck Gaza from the air, imposed a siege on the enclave of 2.3 million people and is preparing a ground invasion. Arguing for a ceasefire, Palestinian U.N. envoy Riyad Mansour said certain nations, which he did not name, were applying a clear double standard.

Persons: United Nations Gilad Erdan, Mike Segar, Gilad Erdan, Allahu Akbar, pummels, Erdan, Ayman Safadi, Israel, Safadi, Riyad Mansour, Mansour, Daniel Wallis Organizations: United Nations, United Nations General Assembly, REUTERS, UNITED NATIONS, Israel's United Nations, Jordan's, Thomson Locations: Israel, U.N, New York City, U.S, Thailand, Gaza, Palestinian

☆ Jake Sullivan’s ‘Quieter’ Middle East Comments Did Not Age Well
▼ + stars: | 2023-10-26 | by ( Katie Rogers | More About Katie Rogers | ) www.nytimes.com time to read: +6 min

In a 7,000-word essay for Foreign Affairs magazine published this week, Jake Sullivan, President Biden’s national security adviser, tried to sum up the state of the Middle East. Before the article was posted online, Foreign Affairs asked Mr. Sullivan to update it to reflect the Hamas attack. The online version scrubbed Mr. Sullivan’s “quieter” sentence, as well as his assertion that the Biden administration had “de-escalated” crises in Gaza. A fund-raising email sent to supporters by the Trump campaign on Wednesday chastised “Biden’s Delusional National Security Adviser” with a link to a story about Mr. Sullivan’s comments. Not all of Mr. Sullivan’s critics are on the right.

Persons: Jake Sullivan, ”, “, Mr, Sullivan, Biden, ” Mr, Trump, “ Biden’s, Sullivan’s, Brett Bruen, Obama, he’s, Bruen, Hillary Clinton, Jake doesn’t disabuse, Adrienne Watson, Ron Dermer, Ms, Watson, ” Edward Wong Organizations: Foreign Affairs, “, ”, Hamas, Gaza, Foreign, The, National Security Council, West Bank, Soviet, Cuban Locations: Gaza, Israel, United States, Yemen, Iran, Afghanistan, U.S, Saudi Arabia, Kuwait

☆ Dollar bounces, euro heavy on US/euro zone growth outlook divergence
▼ + stars: | 2023-10-25 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Against the dollar, the euro was last 0.05% higher at $1.0595, having declined 0.75% on Tuesday. The euro is the most heavily weighted currency in the dollar index, which measures the greenback against a basket of six peers. "By contrast, the U.S. Federal Reserve could continue to raise interest rates just because the economic data looks strong." Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise.

Persons: Dado Ruvic, Tina Teng, Matt Simpson, Bitcoin, John Glover, Rae Wee, Lincoln Organizations: REUTERS, Rights, Wednesday, European Central Bank, CMC Markets, U.S . Federal Reserve, Bank of Japan, New Zealand, Reserve Bank of Australia's, Thomson Locations: Rights SINGAPORE, Australia, Wednesday .

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