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Barcelona sign Gundogan on free transfer after Man City exit
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +2 min
June 26 (Reuters) - Barcelona have signed Ilkay Gundogan on a free transfer after his departure from treble winners Manchester City with the German midfielder signing a two-year contract, the LaLiga club said on Monday. "For me it has been a total privilege and pleasure to be part of Manchester City for the last seven years," Gundogan said in a statement. "Manchester has been my home and I have felt part of a very special family at City. Gundogan leaves City having made over 300 appearances, scoring 60 goals and grabbing 40 assists in all competitions. "Ilkay has truly cemented his place in the history of Manchester City and we all wish him well in the next chapter of his career."
Persons: Gundogan, Pep Guardiola's, Txiki Begiristain, Ilkay, Xavi, Sergio Busquets, Rohith Nair, Peter Rutherford Organizations: Manchester City, City, Premier League, FA, League, Borussia Dortmund, Barca, Barcelona, Champions League, Copa del Rey, Thomson Locations: Barcelona, Spanish, England, Manchester, City, Bengaluru
Oil markets shrug off Russian political turmoil
  + stars: | 2023-06-26 | by ( Noah Browning | ) www.reuters.com   time to read: +2 min
Brent crude futures were up 38 cents, or 0.5%, at $74.23 a barrel by 1040 GMT. U.S. West Texas Intermediate crude (WTI) was up 28 cents, or 0.4%, at $69.44. A clash between Moscow and Russian mercenary group Wagner was averted on Saturday after the heavily armed mercenaries withdrew from the southern Russian city of Rostov under a deal that halted their rapid advance on the capital. However, the challenge has raised questions about President Vladimir Putin's grip on power and some concern about possible disruption of Russian oil supply. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.
Persons: Brent, Wagner, Vladimir Putin's, Vandana Hari, Goldman Sachs, Tina Teng, Noah Browning, Florence Tan, David Goodman Organizations: . West Texas, Vanda Insights, U.S . Federal, CMC, Thomson Locations: Moscow, Russian, Rostov, Russia, U.S
Carvajal is one of three recent Make It interviewees who earns less than $30,000 while living in a coastal city. Tiara Simmons, a 39-year-old law clerk living in Long Beach, California, pulls in $26,000 a year between her salary and a social media marketing side hustle. Hoping to reinvest in his business, Carvajal pays himself a salary of just $25,000 and lives as minimally as possible. As for his business, Carvajal hopes to put Dominican-based coffee growers back on the map while steadily expanding his business. Tiara Simmons at The Pike, a shopping and amusement complex in Long Beach, Calif., she enjoys visiting with her family.
Persons: Hector Carvajal, Don Carvajal, Carvajal, Chi Baik, Tiara Simmons, Simmons, Don Carvajal Café, Mickey Todiwala, Don Carvajal's, Baik, John Paget, Covid, she'd, he's, Baik isn't, I'm, Long Beach , California Simmons, Tristan Pelletier Organizations: University of Washington, CNBC, University of Rochester, Foods, U.S, Washington , D.C Locations: New York City, Dominican Republic, Chi, Seattle, Long Beach , California, Bronx, New York, Dominican, Long Island City, Washington, Washington ,, chihuahua, The Pike, Long Beach, Calif
Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.
Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly
As a trained jiu-jitsu and MMA practitioner, Mark Zuckerberg has skills that Elon Musk does not. I am, of course, talking about the probable scene and setting for the most talked-about fight right now: Musk vs Zuck. Zuck has skillsMark Zuckerberg training MMA. Mark Zuckerberg on Instagram and GettyWhen push comes to shove, most people probably know how to throw a punch in a fight. When all things are equal, size and strength do count, which is why professional fighters organize themselves into weight classes.
Persons: Elon, Mark Zuckerberg, Zuck, Joe Rogan, Logan Paul, Elon Musk, Grimes, I've, Musk, Zuckerberg, Bill Gates, Jeff Bezos, Lex Fridman, Fridman, aren't, let's Organizations: Zuck, Morning, Mobile, Twitter, Getty, Zuckerberg, UFC Locations: Las Vegas
June 22 (Reuters) - Midfielder Annalie Longo is in a race to recover from a serious knee injury and make New Zealand's Women's World Cup squad, but will gladly endure pain to play in front of home fans if selectors back her. The 31-year-old tore her anterior cruciate ligament (ACL) and medial ligaments in her left knee against Mexico last September but has returned to training with Jitka Klimkova's Football Ferns to push for a fourth World Cup appearance. "For me it's kind of a do-or-die, risk-reward thing," she told Reuters from training. "I think just the nature of the time-frame there is going to be a bit of uncomfortable pain in the knee but it's all to play at a home World Cup. Drawn in Group A, New Zealand will also play Philippines and Switzerland in the preliminaries, looking for their first ever win at a World Cup and to fulfil their goal of making the knock-out phase.
Persons: Annalie Longo, Jitka, Longo, I've, I'm, Olivia Chance, Ria Percival, Klimkova, shrugged, Ian Ransom, Muralikumar Organizations: Mexico, Jitka Klimkova's Football Ferns, Norway, Reuters, Ferns, New Zealand, Iceland, New Zealand Football, Thomson Locations: Eden, Czech, New Zealand, Philippines, Switzerland, Melbourne
Steven Schwartz, who used ChatGPT to write a legal brief, is pictured outside federal court in Manhattan on Thursday, June 8, 2023, in New York. A New York federal judge on Thursday sanctioned lawyers who submitted a legal brief written by the artificial intelligence tool ChatGPT, which included citations of non-existent court opinions and fake quotes. But Castel said the lawyers exhibited "bad faith" by making false and misleading statements about the brief and its contents after Avianca's lawyers raised concerns that the legal citations in the brief were from court cases did not exist. "In researching and drafting court submissions, good lawyers appropriately obtain assistance from junior lawyers, law students, contract lawyers, legal encyclopedias and databases such as Westlaw and LexisNexis," Castel wrote in his order. "Technological advances are commonplace and there is nothing inherently improper about using a reliable artificial intelligence tool for assistance," Castel wrote.
Persons: Steven Schwartz, Judge P, Kevin Castel, Peter LoDuca, Castel, Schwartz, Levidow, Roberto Mata, Mata's Organizations: New, Montreal Convention, LexisNexis Locations: Manhattan, New York, U.S, El Salvador, Montreal
Smaller-than-expected Turkey rate hike hits lira, bonds
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 22 (Reuters) - Turkey's new central bank governor Hafize Gaye Erkan delivered a smaller-than-expected interest rate hike at her first rate meeting on Thursday, sending the lira and the country's dollar-denominated sovereign bonds sharply lower. The bank lifted its key rate 650 basis points to 15% compared to the median of 21% expected in a Reuters poll. "On the other hand they are promising more tightening ahead... so you have to give them the benefit of the doubt." "I am more worried about the medium-term outlook which is likely to see further lira depreciation. TIM ASH, EM SENIOR SOVEREIGN STRATEGIST, BLUEBAY ASSET MANAGEMENT"Ouch - disappointing.
Persons: Hafize Gaye Erkan, PIOTR MATYS, Erkan, Erdogan, PETER KISLER, JON HARRISON, Amruta Khandekar, Ali Kucukgocmen, Marc Jones, Libby George, Karin Strohecker, Hugh Lawson Organizations: Thomson
Veterans Rapinoe, Morgan named in U.S. World Cup squad
  + stars: | 2023-06-21 | by ( Amy Tennery | ) www.reuters.com   time to read: +3 min
[1/2] Jun 10, 2023; Seattle, Washington, USA; OL Reign forward Megan Rapinoe (15) is seen before the game against the Kansas City Current at Lumen Field. Five players, Rapinoe, Morgan, midfielder Julie Ertz, defender Kelley O’Hara and goalkeeper Alyssa Naeher were part of the victorious U.S. World Cup squads in 2015 and 2019. The top-ranked Americans are fielding one of their least experienced squads in recent memory, with 14 of the 23 players going to their first World Cup, compared to 11 in 2019 and seven in 2015. Sam's sister and fellow midfielder, Kristie Mewis, was included in the roster for her first World Cup at age 32. Her Gotham FC team mate, Lynn Williams, also made the cut for the global showpiece tournament for the first time at age 30.
Persons: Megan Rapinoe, Michael Thomas Shroyer, Alex Morgan, Vlatko Andonovski, Alyssa Thompson, Naomi Girma, Savannah DeMelo, Andonovski, Sophia Smith, Trinity Rodman, Morgan, Julie Ertz, Kelley O’Hara, Alyssa Naeher, Mallory Swanson, Becky Sauerbrunn, Catarina Macario, Sam Mewis, Kristie Mewis, Lynn Williams, Aubrey Kingsbury, Casey Murphy, Alana Cook, Crystal Dunn, Emily Fox, Sofia Huerta, Kelley O'Hara, Emily Sonnett, Lindsey Horan, Rose Lavelle, Kristie, Ashley Sanchez, Andi Sullivan, Amy Tennery, Ed Osmond Organizations: Kansas, Lumen, YORK, Savannah, Women's Soccer League, U.S, Gotham FC, Washington, North, Courage, Chicago Red Stars, Portland Thorns FC, Diego Wave FC, NY Gotham FC, Racing Louisville FC, FC, Olympique Lyonnais, San Diego Wave FC, Angel, Thomson Locations: Seattle , Washington, USA, States, Australia, New Zealand, NJ, Angel, New York
Cummins the hero as Australia edge England in Ashes thriller
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +5 min
Unflappable Australia opening batsman Usman Khawaja had earlier kept his team on course for victory with a gritty innings to edge the visitors towards the target. But in a barn-storming match full of momentum shifts, the pendulum swung England's way when Khawaja was bowled by England skipper Ben Stokes for 65. When Joe Root held a caught and bowled chance to remove Alex Carey, England seemed to be close to victory. But Cummins refused to buckle, hitting Root's off-spin for two sixes in one over as England delayed taking the new ball. England had Australia in a straight-jacket with Khawaja and Travis Head unable to score.
Persons: Australia's Usman Khawaja, Cameron, Paul Childs BIRMINGHAM, Pat Cummins, Cummins, Nathan Lyon, Harry Brook, Usman Khawaja, Khawaja, Ben Stokes, Joe Root, Alex Carey, Root's, Lyon, Stokes, Scott Bolan, Broad, Steve Smith, Jonny Bairstow, Travis, Moeen Ali, Root, Cameron Green, Green, Ollie Robinson, Carey, Martyn Herman, Christian Radnedge, Ken Ferris, Toby Davis Organizations: England, Edgbaston, Cummins, Australia, Thomson Locations: Edgbaston, Birmingham, Britain, England, Australia, Lord's, Lyon
June 20 (Reuters) - Women representing their nations to qualify for the soccer World Cup are risking their safety on poor quality pitches, and many are playing for no pay, according to a poll released on Tuesday by the global body that represents players. Nearly 30% of international women soccer players polled for the FIFPRO report said that they have been playing for nothing, while two-thirds said they had to take unpaid leave from their jobs to represent their country in confederation championships. "FIFPRO firmly calls on the industry to take a closer look at the qualification processes in each of the six Confederations." FIFPRO also called for all six confederations to hold separate qualifying matches for the Women's World Cup. Reporting by Amy Tennery in New York Editing by Peter Graff Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
Persons: FIFPRO, Mallory Swanson, Janine Beckie, Leah Williamson, Amy Tennery, Peter Graff Organizations: Confederations, UEFA, Thomson Locations: Australia, New Zealand, England, New York
The 28-year-old underwent surgery on a left knee injury earlier in the year and was beaten in his comeback match after a five-month layoff when he fell to China's Wu Yibing in the Stuttgart Open first round last week. I won't be able to compete at Halle this year," Kyrgios said in a video released by the organisers of the tournament. So hopefully next year I'll be healthy enough to play (at Halle). The world number 31 will be replaced in the Halle draw by lucky loser Aslan Karatsev, organisers added. He missed the French Open due to a foot injury he sustained during the theft of his car last month.
Persons: Nick Kyrgios, China's Wu Yibing, Kyrgios, Aslan Karatsev, Novak Djokovic, Shrivathsa Sridhar, Christian Radnedge Organizations: Wimbledon, Halle, Thomson Locations: Germany, Stuttgart, Halle, Tokyo, Bengaluru
“If we had to wait another two years on an NHS waiting list – Holly might not have made it,” Thomas told CNN. So, her family decided to pursue private medical treatment instead and have exceeded their £5,000 target through crowdfunding website JustGiving. Bruce Viveash/Harrow Borough FC“It took a big hit on my bank account but I had to use private healthcare to save my football career. An increasing number of Britons are paying out-of-pocket to access private healthcare directly. This is “a sad state of affairs,” Wrigley told CNN.
Persons: Holly Reeves, Holly, , , Amy Thomas, ” Thomas, David Wrigley, GoFundMe, ” John Coventry, ” GoFundMe, , James Taylor, Steve Baker, Taylor, Bruce Viveash, ” Taylor, ” Wrigley Organizations: London CNN, CNN, National Health Service, Foundation Trust, Consumer, National Insurance, British Medical Association, BMA, NHS, crowdfunding, Harrow Borough, Harrow Borough FC “, Private Healthcare Information, OECD, Department of Health, Social Care Locations: Devon, Torbay, South Devon, United States, England, Britain
The result was DashCon, an attempt to bring together Tumblr users from different interests and fandoms for a single event. For all its (somewhat hilarious) failures, DashCon immediately became a core parable of our social media lore. Like so many other Tumblr users, O’Neil was just a nerdy teenager with cool interests looking for other people like her. A view of the iconic DashCon ball pit at the Renaissance Schaumburg Convention Center Hotel in Schaumburg, Illinois. She said people still send her cosplays of the infamous ball pit, almost 10 years later.
Persons: they’ll, DashCon, Lochlan O’Neil, O’Neil, , ” O’Neil, , , Harry Potter, cosplayers, O'Neil, Lochlan O'Neil, Sherlock ”, hadn’t, Lochlan O'Neil “, , It’s Organizations: CNN, Facebook, Twitter, Marvel, YouTube, Renaissance, Center, Taco Bell Locations: Indiana, Renaissance Schaumburg, Schaumburg , Illinois, Taco, Schaumberg , Illinois
CNN —The Brazilian men’s national team wore an all-black kit for the first time in its 109-year history during a friendly match against Guinea in Spain on Saturday as part of the team’s anti-racism campaign. Pau Berrena/AFP/Getty ImagesFIFA President Gianni Infantino visited the Brazilian delegation Thursday, announcing his full support for the anti-racism campaign. As for the match, Brazil won 4-1 with goals scored by Joelinton, Rodrygo, Eder Militão and Vinícius. Vinícius was invited by Infantino to participate in a FIFA anti-racism committee with players who will help suggest a course of action to deal with discriminatory behavior in football, the FIFA president said on Thursday. Brazil is set to play its next friendly match on Tuesday against Senegal in Lisbon, Portugal.
Persons: , Vinícius, Pau Berrena, Gianni Infantino, Joelinton, Eder Militão, Guirassy, Pele, Infantino Organizations: CNN, men’s national, Guinea, Espanyol, FIFA, Federation, Real, Valencia, Getty, Brazilian, Brazil, Brazilian Federation, Senegal Locations: Spain, Barcelona, Brazil, Real Madrid, AFP, Lisbon, Portugal
At 81 yards, the par-3 15th hole at Los Angeles Country Club on Saturday was the shortest hole in the history of the U.S. Open. Add to the third-round setting a severely sloped 15th green; three massive, menacing bunkers surrounding the target area; and knotty, knee-high grass all around. Didn’t Koepka suggest earlier this week that L.A. Country Club might be too easy? He said he worried about a “birdiefest.” Maybe he had a hole less than 100 yards in mind. (The old record for shortest U.S. Open hole was 92 yards, at the 2010 event.)
Persons: Brooks Koepka, Didn’t Organizations: Los Angeles Country Club, U.S .
Now, the club is opening its doors to a curious public and media as the host of the US Open, the first individual event to visit the famed Los Angeles County Club since 1940, though it hosted the Walker Cup in 2017. It’s mythic in some ways.”But even if its exclusivity prevents stars from playing on the golf course, the club is surrounded by them. Lionel Richie’s mansion is a stone’s throw away while Hefner’s famous Playboy Mansion, and zoo which he reportedly built as revenge after being refused entry to the Los Angeles Country Club, sits next to the 14th hole. Whatever Hefner’s intentions, even today golfers say they can still hear the monkeys, parrots and peacocks from the golf course. The Los Angeles Country Club is hosting this year's US Open.
Persons: CNN —, Bing Crosby, Groucho Marx, Hugh Hefner, , Gene Sykes, Lionel Richie’s, Hefner’s, Harry, ” Patrick Cantlay Organizations: CNN, Los Angeles Country Club, Daily Telegraph, Los Angeles County Club, Walker, LA Times Locations: Los, Beverley Hills
June 16 (Reuters) - Health insurer Humana Inc (HUM.N) joined larger rival UnitedHealth (UNH.N) in warning of a jump in medical costs this year due to higher-than-expected demand for surgeries and other medical procedures. Humana on Friday also pointed to elevated demand for outpatient surgeries and dental services, as well as strong inpatient demand in recent weeks, a trend it said was diverging from historical seasonality patterns. The health insurer generated more than 80% of its premiums and services revenue in 2022 from offering government-backed Medicare plans. UnitedHealth had flagged higher costs earlier this week following an increase in surgeries among older adults, wiping out billions in the market capitalization of health insurers including Humana. On the flip side, the rise in medical procedures is expected to help hospital operators and medical device makers, especially those in the orthopedic space.
Persons: UnitedHealth, Leroy Leo, Anil D'Silva Organizations: Humana Inc, Humana, Thomson Locations: Bengaluru
On May 22, Unger and Lehmann became only the third and fourth deaf people to summit Mount Everest. Deaf climbers on the riseUntil this year, only one deaf person had ever summited Everest – Japanese climber Satoshi Tamura, an alpine skier who succeeded on his third attempt, in 2016. Courtesy Shayna Unger and Scott LehmannClimbing up and overThe Everest environment can make communication difficult for anyone, deaf or not. Unger and Lehmann have been a couple since high school, but they only started climbing together in 2015, when they summited Kilimanjaro. Muhammad Hawari Hashim (far left), a Sherpa guide, Shayna Unger, and Scott Lehmann at Everest base camp.
Persons: Scott Lehmann, Shayna Unger, Unger, Lehmann, Muhammad Hawari Hashim –, , Satoshi Tamura, Hari Budha, Nepalis, he’d, Sherpa, , , Hashim, Muhammad Hawari Hashim, Hawari, they’ve Organizations: YouTube, Malaysian, Federation of, CNN, Sherpas, Gallaudet, Everest Base, Four, Deaf Locations: Everest, Nepal, Afghanistan, Malaysian, South, North America
Crowd: “No justice, no peace.” Floyd’s death triggered major protests in Minneapolis, and sparked rage across the country. Officers Thomas Lane and J. Alexander Kueng step out of the car and approach the blue S.U.V. According to the criminal complaints filed against the officers, Floyd says he is claustrophobic and refuses to enter the police car. Her footage shows that despite calls for medical help, Chauvin keeps Floyd pinned down for another seven minutes. Chauvin kept his knee on Floyd’s neck for over eight minutes, according to our review of the video evidence.
Persons: It’s, George Floyd, , Derek Chauvin, Floyd, , Thomas Lane, J, Alexander Kueng, Lane, yanks Floyd, Tou Thao, Thao, Chauvin, Kueng, Darnella Frazier, I’ve, ” Floyd, Bro, They’ve, He’s, “ Floyd, George Floyd’s Organizations: Police, Cup Foods, yanks, Foods, Minneapolis Police Department Locations: Minneapolis, Houston, Floyd, United States
The man was 46-year-old George Floyd, a bouncer originally from Houston who had lost his job at a restaurant when the coronavirus pandemic hit. According to the criminal complaints filed against the officers, Floyd says he is claustrophobic and refuses to enter the police car. Her footage shows that despite calls for medical help, Chauvin keeps Floyd pinned down for another seven minutes. Officer: “Get back on the sidewalk.” According to the complaints against the officers, Lane asks him twice if they should roll Floyd onto his side. The widely circulated arrest videos don’t paint the entire picture of what happened to George Floyd.
Persons: It’s, George Floyd, , Derek Chauvin, Floyd, , Thomas Lane, J, Alexander Kueng, Lane, yanks Floyd, Tou Thao, Thao, Chauvin, Kueng, Darnella Frazier, I’ve, ” Floyd, Bro, They’ve, He’s, “ Floyd, George Floyd’s Organizations: Police, Cup Foods, yanks, Foods, Minneapolis Police Department Locations: Minneapolis, Houston, Floyd, United States
MLB roundup: Shohei Ohtani wins, homers in Texas
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +7 min
[1/7] Jun 15, 2023; Arlington, Texas, USA; Los Angeles Angels starting pitcher Shohei Ohtani (17) reacts after hitting a two run home run in the eighth inning against the Texas Rangers at Globe Life Field. Ohtani (6-2) allowed two runs in six innings, and he also hit his 22nd homer. Donovan Solano belted a three-run homer for Minnesota, which had won four of five. Guardians 8, Padres 6David Fry capped a five-run first inning with a three-run homer and visiting Cleveland held on to defeat San Diego. The Padres countered with Manny Machado's three-run homer in the bottom of the first but failed to capitalize on a series of opportunities to pull even or take the lead.
Persons: Shohei Ohtani, Tim Heitman, Mickey Moniak, Moniak, Nathan Eovaldi, Nathaniel Lowe, Adolis Garcia, Freddie Freeman, Chris Taylor, Luis Robert Jr, Eloy Jimenez, Jake Burger, Andrew Vaughn, Caleb Ferguson, Garrett, Ian Happ, Christopher Morel, Chicago's Marcus Stroman, Nico Hoerner, Cody Bellinger, Jason Delay, Johan Oviedo, Ozzie Albies, AJ Smith, Shawver, Albies, Sean Murphy, Matt Olson, Kevin Pillar, Smith, Elias Diaz, Ezequiel Tovar, Ryan McMahon, Kyle Freeland, Anthony, Adley Rutschman, Austin Hays, Jorge Mateo, Tyler Wells, Danny Jansen, Bryce Harper, Aaron Nola, Gregory Soto, Seranthony Dominguez, Craig Kimbrel, Bryson Stott, Ketel Marte, Luke Raley, Raley, Austin Pruitt, Isaac Paredes, Taylor, Manuel Margot, Javier Baez, Spencer Torkelson, Matt Vierling, Matthew Boyd, Sonny Gray, Donovan Solano, Lane Thomas, Keibert Ruiz, Phil Maton, Thomas, Ruiz, Corey Dickerson, Kyle Tucker, Yainer Diaz, David Fry, Manny Machado's, Trevor Stephan, Emmanuel Clase, Ryan Weathers Organizations: Los Angeles Angels, Texas Rangers, Globe Life, The Angels, Rangers, Dodgers, White Sox, Chicago, The Dodgers, Cubs, Pirates, Pittsburgh, Braves, Rockies, Atlanta, Colorado, Orioles, Blue Jays, Anthony Santander, Baltimore, Toronto, Phillies, Diamondbacks, Philadelphia, Arizona, Rays, Athletics, Tampa Bay, Oakland, Tigers, Detroit, Minnesota, Nationals, Astros, Washington, Houston, The Nationals, Padres, Cleveland, San Diego, Thomson Locations: Arlington , Texas, USA, Texas, Los Angeles, Chicago, Atlanta, Phoenix, Oakland, Minnesota, Minneapolis, San
Still-hawkish Fed pauses rate tightening after 10 straight hikes
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +13 min
While the market expected a hawkish pause, this is even a little bit more hawkish than market participants anticipated and that’s why you’re having a negative reaction in risk assets. So, it does suggest that the Fed is looking to tighten policy further, but the big question is can the Fed credibly commit to two more rate hikes if they just decided to actually hold rates steady. And what is the threshold for further rate hikes? “GEORGE YOUNG, PORTFOLIO MANAGER, VILLERE & CO, NEW ORLEANS"This a pregnant pause, meaning that they said they're going to pause hikes today but they're going to increase later. ANGELO KOURKAFAS, SENIOR INVESTMENT STRATEGIST, EDWARD JONES, ST LOUIS"We're seeing a more hawkish pause.
Persons: QUINCY KROSBY, Powell, He’s, BRIAN JACOBSEN, MENOMONEE, ” ANDRZEJ SKIBA, ” GENNADIY GOLDBERG, they’ve, ” ELLEN HAZEN, Logan, Waller, “ GEORGE, ANGELO KOURKAFAS, EDWARD JONES, They've, MICHAEL BROWN, hawkishly, WHITNEY WATSON, GOLDMAN, , STOVALL, ” PAUL NOLTE, MICHAEL JAMES Organizations: YORK, Federal Reserve, Federal, U.S, RBC, CPI, PPI, Powell &, Cleveland Fed, Global Finance, Markets, Thomson Locations: U.S, CHARLOTTE, NC, WISCONSIN, WELLESLEY , MASSACHUSETTS, ORLEANS, GOLDMAN SACHS, Manheim, ALLENTOWN, CHICAGO
SummarySummary Companies Federal Reserve leaves interest rates unchangedFed projects more 2023 rate risesU.S. crude stocks rise unexpectedly - EIAIEA upgrades 2023 oil demand growth to 2.4 mln bpdHOUSTON, June 14(Reuters) - Oil prices fell 1.5% on Wednesday after the U.S. Federal Reserve projected more interest rate hikes this year, worrying markets about demand just hours after government data showed an unexpected, large build in U.S. crude oil stocks. "Markets fear that a higher interest rate environment is going to lower oil demand. U.S. crude oil stocks rose by about 8 million barrels in the week ended June 9, according to data from the Energy Information Administration. The IEA, meanwhile, increased its oil demand growth forecast for this year by 200,000 barrels per day (bpd) to 2.4 million bpd, lifting the projected total to 102.3 million bpd. The IEA's 2023 oil demand growth figure is slightly above that of the Organization of the Petroleum Exporting Countries (OPEC).
Persons: Phil Flynn, Brent, Arathy Somasekhar, Ahmad Ghaddar, Andrew Hayley, Elaine Hardcastle, Kirsten Donovan Organizations: Reserve, HOUSTON, U.S . Federal Reserve, Brent, U.S, West Texas, Federal Reserve, Price, Wall, Energy Information Administration, Analysts, Organization of, Petroleum, JPMorgan, Thomson Locations: U.S, Houston, London, Beijing
An insurance exec warned of higher medical costs as Americans start to get more elective procedures. It suggests people are getting care they put off during the height of the pandemic. Older Americans are starting to get more procedures like hip and knee surgeries, and it's driving up how much one of the biggest US health insurers is spending on medical care. The "strong" level of care older Americans are seeking out suggests that people are getting more comfortable getting procedures they put off during the pandemic, the UnitedHealth Group executive said. The stocks of health insurance companies tumbled on Wednesday following the warning.
Persons: John Rex, Goldman, Jodi Jacobson, Stryker, Medtronic Organizations: UnitedHealth, UnitedHealth Group, CVS Health, Tenet Locations: Goldman Sachs, Aetna
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