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Fired-up Stokes gives England hope of unlikely victory
  + stars: | 2023-07-02 | by ( Ed Osmond | ) www.reuters.com   time to read: +2 min
Bairstow and Stokes looked bemused but Australia refused to withdraw the appeal and the right-hander trudged off to loud boos around the ground. Stokes, clearly fired up to play another match-winning innings as he did in the 2019 Ashes, went on the attack. Duckett and Stokes had batted cautiously after England resumed on 121-4, milking singles from the predominantly short-pitched bowling they faced. Stokes, on 39, was given out lbw to Mitchell Starc but the batsman reviewed immediately and replays showed the ball had hit the bat before striking his pad. Reporting by Ed Osmond; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Ben Stokes, Australia's Cameron, Peter Cziborra LONDON, Jonny Bairstow, Stokes, Bairstow, Alex Carey, Cameron Green, Ben Duckett, Pat Cummins, Green, Duckett, Mitchell Starc, Nathan Lyon, Cummins, Josh Hazlewood, Carey, Stuart Broad, Ed Osmond, Hugh Lawson Organizations: England, Australia, Green, Headingley, Thomson Locations: Australia, London, Britain, England, Lord's
Moving forward, I'll be a senior reporter on our flagship newsletter, Insider Today. Insider Today takes you inside the biggest stories in business, including tech. We're working on revamping Insider Today, and we want your feedback. Please fill out this quick, five-question survey to let us know what you want to see in the newsletter. Before we say "Bye Bye Bye" here — see you soon at Insider Today!
Persons: I'm, Siu, you've, you'll, Rebecca Zisser, we've, Elon Musk, Steve Jobs, Asia Martin, Arantza Pena Popo, Oran Cummins, Satya Nadella, William Bullock, Robert, Teodora Danilovic, Michael Parks, Diamond Naga Siu, Lisa Ryan, Alistair Barr, Hallam Bullock Organizations: Getty, Apple, Microsoft, OceanGate Expeditions Locations: Tech, Silicon, Midtown Manhattan, York City, San Diego, New York City, Silicon Valley, London
Mastercard is hiring tech talent across 7 global technology hubs. The payments firm wants software architects and talent in crypto and AI, among others. Mastercard wants to be a firm where technologists are excited to work. The qualifications and responsibilities listed on Mastercard tech job postings are intentionally vague so as to attract a diverse pool of talent with broad skill sets, Cummins said. They can also work remotely from anywhere for up to four weeks per year with the "Work from Elsewhere" benefit.
Persons: Oran Cummins, Cummins, It's Organizations: Mastercard, Mastercard Mastercard Mastercard, LinkedIn, York, Tech, New York, Flatiron District, Employees Locations: New York, Dublin, Sydney, Vancouver, Mastercard's, Flatiron
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
SINGAPORE, June 22 (Reuters) - Asian shares made a tentative start to Thursday after Federal Reserve chair Jerome Powell stuck to his recent hawkish tone as investors assess the future rate policy path from the Fed. Atlanta Federal Reserve President Raphael Bostic said on Wednesday the Fed should not raise rates further or it would risk "needlessly" sapping the strength of the U.S. economy. The comments highlight the growing debate at the central bank over when and if the central bank should hike further. "The BoE's conditional guidance put the burden of proof on the data showing more persistent inflation pressures to continue hiking bank rate. Markets will also be awaiting policy decision from Turkey's central bank, with a policy pivot and a sharp rate increase widely expected.
Persons: Jerome Powell, Australia's, Powell, Kevin Cummins, Raphael Bostic, BoE, Taylor Nugent, Sterling, Brent, Lincoln Organizations: Federal, Japan's Nikkei, Fed, NatWest Markets, Atlanta Federal Reserve, Bank of England, Reuters, National Australia Bank, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, Hong Kong, Washington, Atlanta, U.S, Turkey's
Cramer's Lightning Round: Get rid of ADT
  + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Cummins' year-to-date stock portfolio. Stock Chart Icon Stock chart icon Simon Property Group's year-to-date stock performance. Stock Chart Icon Stock chart icon ADT's year-to-date stock performance. Stock Chart Icon Stock chart icon Abbvie's year-to-date stock performance. Stock Chart Icon Stock chart icon Evergy's year-to-date stock performance.
Persons: Cummins, Simon, it's, Abbvie's, Marten Transport's, Marten, I've, Jim Cramer's Organizations: Cummins, Simon Property, Realty, 3M, Trucking, Energy Solutions, Atlas Energy Solutions
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: It's never too late to sell ADT 'it has been an abomination', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Cummins, Simon Property Group, ADT, Abbvie, Datadog, Evergy, Marten Transports, Atlas Energy Solutions, SoFi, c3.ai and Spotify.
Persons: It's, Jim Cramer, Cummins Organizations: Simon Property Group, Marten Transports, Atlas Energy Solutions, Spotify Locations: Marten
CNN —Australia managed to steal victory from England’s in the first game of the 2023 Ashes series on Tuesday and take the first bragging rights in cricket’s biggest rivalry. Ryan Pierse/Getty ImagesCaptain fantasticUp against ‘Bazball’ stood Australia and a more traditional style of Test match cricket. “This is why the ‘Bazball’ mentality is so important because they are coming up against an incredibly good team,” Miller said after England’s loss. “These guys ripped England apart in the last Ashes 4-0 and England were lucky to lose 4-0. The second game of the five game series will begin on Wednesday, June 28 at the famous cricket ground Lord’s in London.
Persons: Pat Cummins, , Ben Stokes, Brendon ‘ Baz ’ McCullum, , Stokes, Joe Root’s, Joe Root, Stu Forster, Andrew Miller, CNN Sport’s Don Riddell, McCullum’s, “ It’s, Baz McCullum, ” Miller, Phillip Hughes, let’s, ‘ We’ve, “ We’re, haven’t, ” Ben Stokes, Ryan Pierse, ‘ Bazball ’, Cummins, , Nathan Lyon, Lyon, Australia's Nathan Lyon, Geoff Caddick, Miller, McCullum, Mike Egerton, we’re, “ We’ve Organizations: CNN — Australia, Edgbaston Cricket, England, Getty, CNN, McCullum’s New Zealand, New, India, Australia Locations: England’s, Birmingham, Australia, England, New Zealand, Australian, AFP, London
Atmus Filtration is worth buying following its initial public offering, Goldman Sachs said. Analyst Jerry Revich initiated coverage of the filtration stock, whose initial public offering took place in late May, at buy. However, he said the company can expand outside the core market that's valued at $15 billion into the broader industrial filtration market valued at $45 billion. And the already existing internal IP should be useful as the filtration technology in the two markets is similar, he said. "In our view, as a standalone company, Atmus will further build on its strengths," Bank of America analyst Andrew Obin said in his upgrade.
Persons: Goldman Sachs, Jerry Revich, Revich, Atmus, Wells Fargo, Andrew Obin, CNBC's Michael Bloom Organizations: Cummins, JPMorgan, Bank of America Locations: Friday's, Cummins
Indian Prime Minister Narendra Modi waves to supporters as he arrives at the Lotte New York Palace hotel in New York City, June 20, 2023. As China's economy falters, top U.S. corporate executives are making it a priority to meet Prime Minister Narendra Modi during his state visit to the White House, including Thursday's dinner. The administration is going all out to give the prime minister a close-to-royal welcome," Frank Wisner, former U.S. ambassador to India, told CNBC. China is one of the agenda items when Modi meets with Biden and U.S. executives Thursday and Friday. With China's economy decelerating and political tensions high, corporate America has taken steps to diversify away from the country.
Persons: Narendra Modi, Tim Cook, Sundar Pichai, Satya Nadella, Raj Subramaniam, Frank Wisner, Tony Capuano, Cummins, Jennifer Rumsey, Safiya Ghori, Ahmad, Atomics, Antony Blinken, Xi Jinping, Modi, Biden, Wisner, Elon Musk Organizations: Indian, Lotte New, Lotte New York Palace, White, Apple, Microsoft, FedEx, White House, CNBC, Marriott, Electric, Hindustan Aeronautics, Atlantic Council, Senate Foreign Relations Committee, U.S, Modi, Tesla Locations: Lotte New York, New York City, India, New Delhi, U.S, Delhi, China, America
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
It marks the moment in June of 1865 when Union troops arrived in Texas to inform enslaved African Americans that they were free by executive decree. Though it commemorates a moment when enslaved African Americans were freed, the US is still held captive by several myths about slavery and people like Cummins. 1: African Americans were ‘freed’ after the Civil War endedThere is a popular conception that the formerly enslaved were freed after the Civil War ended. It is what historians call a “Slave Bible.” It is a copy of a Bible that was used by British missionaries to convert enslaved African Americans. Kin Cheung/APThe historical record shows that enslaved African Americans revitalized Christianity in other ways, historians say.
Persons: Tempie ” Cummins stoically, Cummins, , , ’ ” Cummins, gainst, Tempie Cummins, Congress Juneteenth, ” Abraham Lincoln, ” “ There’s, , Tobin Miller Shearer, ” Albert J, Raboteau, , Clint Smith, ” Smith, Smith, Susan Merritt, , ” Merritt, Frederick Dielman, Douglas A, Caleb McDaniel, Leslie Wilson, Wilson, ” Wilson, Bunny, Uncle Remus, Joel C, Harris, Albert Murray, ” White, ” Murray, Leon Harris, ” Malcolm X, Nat Turner, Martin Luther King Jr, ” Harris, Kin Cheung, God, ” Raboteau, Juneteenth, White, John Blake Organizations: CNN, New, Library, Congress, African American Studies, University of Montana, New York Times, Former Confederate, Rusk, District of Columbia, Colored People, Montclair State University, Getty, Museum, Biola University Locations: Jasper , Texas, eavesdrop, Texas, Antebellum, Whites, Rusk Country , Texas, Sabine, District, Washington, America, New Jersey, Southern, West Africa, United States, Washington , DC, California, Lambeth, London, Israel
The big news ahead of one of the most eagerly anticipated Ashes series in many years, as in-form, attacking England take on World Test Champions Australia, came from the tourists, as they replaced Mitchell Starc with Josh Hazlewood in their bowling attack. Fifteen wins from their previous 17 test matches has home support dreaming of a first Ashes series win since 2015. The England dressing room roared its approval, as England gave a sign that their attacking principles, even in an Ashes series, would remain the same. It was in stark contrast to the first ball of the last Ashes series, when Starc clean bowled England opener Rory Burns, ahead of Australia’s rampant 4-0 success. This time around, the early signs are that England are in much better shape.
Persons: Zak Crawley, Crawley, Pat Cummins, Mitchell Starc, Josh Hazlewood, Stokes, Eric Hollies, Rory Burns, Peter Hall, Toby Davis Organizations: Australia, Edgbaston, England, Crawley, Cummins, Thomson Locations: BIRMINGHAM, England, Birmingham, Australia
England made a first-day record 506 runs in 75 overs in the first test against Pakistan in Rawalpindi. "Every Ashes series gets the juices flowing but there's added excitement this time around," former England skipper Nasser Hussain told The Metro. "That's because of the brand and style of cricket this England side are playing. "I think England are marginal favourites just because Australia haven't won over here for such a long time but it's very hard to call. All I know is there won't be too many draws," former England captain Michael Atherton said.
Persons: Brendon, Baz, McCullum, Ben Stokes, Stokes, Pat Cummins, Steve Smith, Marnus, Travis, Mitchell Starc, Josh Hazlewood, Nasser Hussain, Stuart Broad, Ollie Pope, Broad, James Anderson, Ollie Robinson, Mark Wood, Moeen Ali, England's, Jack Leach, Australia haven't, Michael Atherton, Martyn Herman, Christian Radnedge Organizations: Australia, Pakistan, New Zealand, England, India, Cummins, Metro, Thomson Locations: England, India, New Zealand, South Africa, Pakistan, Rawalpindi, Edgbaston, Australia, London, Lord's
Australia keep faith in expensive Starc's wicket-taking ability
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +2 min
McDonald said Starc was not the only bowler who went for runs against India and that the 33-year-old lent much balance to their pace attack. "Mitch went at a bit more than he generally goes at, but they complement each other really, really well. Cummins also threw his weight behind Starc, tipping him to play a key role in the five-test series in England. "He did a role for us that we know Starcy can do after 80 test matches," Cummins said after Sunday's win against India. Reporting by Amlan Chakraborty in New Delhi; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Australia's Mitchell Starc, India's Virat, Paul Childs, Mitchell Starc, Andrew McDonald, Scott Boland, Pat Cummins, Josh Hazlewood, Starc, Boland, McDonald, we've, Mitch, We've, Cummins, I'm, Amlan Chakraborty, Hugh Lawson Organizations: Cricket, ICC, Paul Childs LONDON, India, England, Australia, Thomson Locations: Australia, India, London, Britain, Edgbaston, England, New Delhi
LONDON, June 11 (Reuters) - For Australia captain Pat Cummins, Sunday's crushing victory over India in the World Test Championship (WTC) final signalled a perfect start to what he hopes will be a "legacy defining" stay in England. It's not going to be easy but if we were to win it, that is legacy defining stuff." Their WTC triumph was hailed by the International Cricket Council, who wrote on Twitter: "The all-conquering Australia have now won every ICC Men's Trophy". That bulging trophy cabinet includes five 50-over World Cups, one T20 World Cup, two Champions Trophy prizes and now the WTC mace. "To make it to the (WTC) final you've got to win everywhere in the world.
Persons: Pat Cummins, Sunday's, Cummins, we've, It's, you've, Pritha Sarkar, Toby Davis Organizations: Australia, WTC, Edgbaston, International Cricket Council, Twitter, ICC, The, Cummins, Thomson Locations: India, England, Australia
Issues like this come up often in new construction, as owners are left sparring with developers to get work done and problems corrected. The situation is complicated because individual owners generally cannot make a claim against a developer for problems with the common areas. So, until the owners have control of the board, and not the developer, your options are limited. The developer does have an incentive to finish this work — until it’s complete, the building cannot get a permanent certificate of occupancy. “I’m generally averse to litigation, I think it’s terrible for everybody,” said Ms. Cummins.
Persons: , Cummins, , Ms, “ I’m
Australia will be eager to tighten their grip on the match as they lead India by 196 runs, with Usman Khawaja batting on 13 along with Marnus Labuschagne on eight. While Thakur lived dangerously, Rahane went about rescuing India's hopes with his mix of delectable shot selection in the 109-run partnership for the seventh wicket. While he fell 11 runs short of scoring a century in the second over after lunch, the 35-year-old crossed 5000 test runs during his 129-ball knock which included 11 fours and a six. Following Rahane's departure, Thakur steered India past the follow-on target before bringing up his 50 with a sumptuous four. Blinking rapidly, he hurriedly grabbed his bat to make his way to the crease and made sure Australia reached tea without losing any further wickets.
Persons: Pat Cummins, Usman Khawaja, Marnus Labuschagne, Ajinkya Rahane, Shardul Thakur, Scott Boland, Srikar, Bharat, Thakur, Cummins, Cameron Green, Rahane, India's, Alex Carey, Rohit Sharma's, Umesh Yadav, Mohammed Shami, Labuschagne, David Warner, napping, Warner, Pritha Sarkar, Ken Ferris, Toby Davis Organizations: India, Australia, DRS, Cummins, ICC, WTC, Thomson Locations: India, Australia, London
Investors are hoping that next week's Federal Reserve meeting offers more clarity about the path interest rates could take. Rising interest rates squeeze consumers, while a cut to follow should help boost economic activity. These pricey purchases are often financed, and higher rates mean higher costs. "Even if the sticker price of the thing doesn't change, the interest rate still matters a lot for their monthly budget." The "brakes were hit very hard in 2022," largely due to higher rates on the new-home construction side, he said.
Persons: Christopher Herrington, Herrington, Kurt Yinger, It's, James Hardie, Yinger, There's, Rafe Jadrosich, Jadrosich, Seth Sigman, Bank of America's Curtis Nagle, Nagle, Loop's Anthony Chukumba, Garik Shmois, Shmois, Leslie's, Julien Dumoulin, Smith, SunRun, Corinne Blanchard, Citi's Pierre Lau, SolarEdge, Lau, John Bailer, Michael Bloom Organizations: Virginia Commonwealth University, Davidson, Companies, Bank of America, Fortune Brands, UFP Industries, Barclays, Bank of America's, Williams, Pool Corp, of America, FTC, Deutsche Bank, Shoals Technologies, Caterpillar, Cummins, Newton Investment Management Locations: Louisiana, Wall, Sonoma, California
Ronnie Cummins, a ponytailed activist who became one of the country’s leading advocates for organic food and a leading critic of genetically modified food, died on April 26 in San Miguel de Allende, Mexico, where he lived and worked part-time. Rose Welch, his wife and partner in starting the Organic Consumers Association, an advocacy and informational organization, said his death, which was not widely reported at the time, was caused by bone and lymph cancer. Mr. Cummins was a lifelong activist and protester, beginning with his opposing the Vietnam War and nuclear power. He settled on organic food activism in the 1990s after he was hired as a director of the Pure Food Campaign, a lobbying group that sought to broaden awareness of the dangers of genetically engineered food while pushing for responsible labeling and government testing. Mr. Cummins worked in the field for the campaign, raising alarm at rallies and supermarkets about the perils of foods using genetically modified ingredients.
Persons: Ronnie Cummins, San Miguel de Allende, Rose Welch, Cummins Organizations: Organic Consumers Association Locations: San Miguel, Mexico, Vietnam
Global supply chains grew overwhelmed as they struggled to deliver. But Prange said most of his supply chain had stabilized - meaning he was able to get most of what he needed - by the end of 2021. "One of the headwinds is inflation," said Kevin Austin, the supply chain chief for Toyota Motor North America. Meanwhile, the global supply chain snarls of the pandemic have diminished. The New York Fed's Global Supply Chain Pressure Index ticked down to a reading of -1.32 in April, compared to a revised -1.15 in March.
CHICAGO, May 17 (Reuters) - The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "Freight costs, logistics, have gone down significantly," said Mario Guerendo, who oversees global supply chain for vehicle engine maker Cummins Inc (CMI.N). After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."
Big U.S. firms adopt cautious tone on China recovery
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +3 min
In April, China's imports contracted sharply, underscoring signs of weak domestic demand as a battered property market, worries over job stability and global economic uncertainty kept shoppers wary. "We grew mid-single digits in China, which had previously been a double-digit growth market for us pre-pandemic. "Consumer confidence remains weak and shaken because many Chinese faced job and salary cuts in 2022 and Chinese New Year bonuses in 2023 were low," said Shaun Rein, managing director at China Market Research Group. Still, a rapid recovery in domestic travel demand propped up sales at hotels. "China will be a growth driver for many multi-national companies but will not be at the high growth rates many analysts predict," China Market Research's Rein said.
Investors should be wary of bearish strategists who opt for a macro view and instead focus on individual companies, CNBC's Jim Cramer said Monday. In a market where idiosyncratic performers are plentiful, following one-size-fits-all macro advice can leave investors confused, Cramer says. Cramer pointed to outsize performers in myriad industries that would have been written off by those same bearish strategists. Investors might expect that industrial and homebuilding stocks would be suffering given the continued rate hikes, Cramer said. But industrial names like General Electric or Cummins have done extremely well, as have housing stalwarts like KB Home and Lennar , Cramer said.
The unemployment rate is forecast to have risen to a still historically low 3.6%. "The labor market is slowly bending, but not breaking," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is continued resilience in the labor market right now, but the trend is one that is continuing to see a decelerating pace of momentum." The service-providing sector likely accounted for most of the anticipated job gains in April. WAGE GAINS MODERATEAverage hourly earnings are expected to have risen by 0.3% in April, matching March's gain.
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