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Kazuo Ueda, a 71-year-old university professor who has kept a low profile despite strong credentials as a monetary policy expert, ticked some important boxes. While he was not even on the list of dark horse candidates floated by the media, Ueda was well known in global central bank circles. The bank's preferred choices were incumbent deputy governor Amamiya, as well as former deputies Hiroshi Nakaso and Hirohide Yamaguchi, given their deep knowledge on monetary policy. Matsuno said he hoped the BOJ works closely with the government and guides monetary policy flexibly, when asked whether Ueda's appointment could lead to a retreat from Abenomics. While he warned of the rising cost of the BOJ's yield control policy, Ueda has called for the need to keep monetary policy loose to ensure Japan stably achieves the bank's 2% inflation target.

☆ Bank of Japan’s new governor starts on back foot
▼ + stars: | 2023-02-14 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Feb 14 (Reuters Breakingviews) - Academic Kazuo Ueda faces a rocky time as the new governor of the Bank of Japan (8301.T). He is stepping down just as his signature yield curve control (YCC) policy is becoming increasingly unsustainable as domestic inflation rises. The Nikkei news service reported that officials had approached Deputy Governor Masayoshi Amamiya and were rebuffed. It seems likely Ueda will have to modify or abandon YCC given how much damage it is doing to the bond market and the BOJ’s balance sheet. Follow @petesweeneypro on TwitterloadingCONTEXT NEWSJapan's government on Feb. 14 named academic Kazuo Ueda as its pick to become the next governor of the country’s central bank.

☆ Dollar eases as inflation in focus, BOJ governor nomination awaited
▼ + stars: | 2023-02-14 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The dollar index , which measures the U.S. currency against six major rivals, eased 0.019% to 103.17, having slipped 0.34% overnight. NEW BOJ GOVInvestors are also awaiting the formal nomination for the next Bank of Japan governor. Sources told Reuters that Japan's government was likely to appoint academic Kazuo Ueda as the next BOJ governor. Ueda, a former BOJ policy board member and an academic at Kyoritsu Women's University, is considered an expert on monetary policy but had not even been seen as a dark horse candidate for the top job. The Japanese yen strengthened 0.23% to 132.12 per dollar, having slipped 0.7% in the previous session.

The BOJ’s YCC faces a reckoningThe surprise news left investors and analysts trying to parse Ueda's recent commentary. "There is probably a lack of clarity on Ueda's policy leanings at the moment, but at least it is clear that Amamiya (who is seen as a dove) is out. That removes one of the headwinds for the yen," said Christopher Wong, currency strategist at OCBC in Singapore. "The knee-jerk reaction in yen appreciation is more of a reaction to Amamiya being out of the race." I think the new team means that they will redesign the BOJ's monetary policy, not maintain the current policy," said Takayuki Miyajima, a senior economist at Sony Financial Group in Tokyo.

☆ Take Five: The truth about inflation
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +5 min

That puts Tuesday's U.S. inflation data on the must-watch list. 1/ INFLATION BETSurprisingly strong January U.S. jobs data forced markets to rethink the view that interest rates will peak soon. Now, Tuesday's latest inflation figure is the next big test for where the Federal Reserve takes rates in coming months. Stock markets are confident that the Fed can bring down inflation without triggering a sharp growth slowdown. January's inflation report on Wednesday could show double-digit price rises, meaning no respite yet on the interest-rate front.

☆ Factbox: Who are candidates to become next BOJ governor?
▼ + stars: | 2023-02-05 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

The Nikkei newspaper reported the government has sounded out BOJ Deputy Governor Masayoshi Amamiya as the next governor, citing anonymous government and ruling party sources. The government will present a nominee for BOJ governor, and that for two deputy governors, to parliament later this month. But he also said in July the BOJ must "always" think about the means of exiting ultra-loose monetary policy. FEMALE DEPUTY GOVERNOR CANDIDATESNo female has yet served as BOJ deputy governor or governor, a tradition Kishida may seek to change to enhance diversity. FINANCIAL BUREAUCRAT DEPUTY GOVERNOR CANDIDATESIf a former BOJ executive becomes governor, there is a strong chance one of the deputy governor posts will be filled by top finance ministry bureaucrats such as Shigeaki Okamoto and Yasushi Kinoshita.

☆ Swiatek into third round indoors as rain stops play outside
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +3 min

[1/4] Jan 18, 2023; Melbourne, Victoria, Australia; Iga Swiatek during her second round match against Camila Osorio on day three of the 2023 Australian Open tennis tournament at Melbourne Park. World number one Swiatek overcame Camila Osorio 6-2 6-3 under the roof on Rod Laver Arena and Italian Sinner waltzed past Tomas Etcheverry 6-3 6-2 6-2 on the similarly protected John Cain Arena. "It was really intense physically and Camila was running to every ball, she didn't give up," said Swiatek. "For sure, the level today was good, I served well, I returned good as well as I think he is a very good server so I'm very happy to be in the next round," Sinner said. "I'm very happy to play on this court with the roof, hopefully it won't rain in the next days."

☆ 'One of the best', Kyrgios ready for tilt at Australian Open title
▼ + stars: | 2023-01-12 | by ( Nick Mulvenney | ) www.reuters.com time to read: +3 min

Tennis great and compatriot Rod Laver said after the U.S. Open that only self-belief was preventing Kyrgios from joining the Grand Slam winners' club. "I'm definitely going to go into any tournament, the Australian Open, with confidence, and I think I've proven I can go deep at a Grand Slam. 47-YEAR DROUGHTHis best run at his home major was seven years ago when he reached the quarter-finals, with fourth-round appearances in 2018 and 2020 his other ventures into the second week of the Australian Open. Ash Barty last year rode a tidal wave of support to end the long wait for a homegrown singles champion at the Australian Open - a drought that stands at 47 years for the men's title. Unlike the now-retired three-times Grand Slam champion, Kyrgios has not always been popular with all of his compatriots as a result of his frequent clashes with officialdom and fans.

☆ Mike Lindell says he's got enough votes to derail RNC chair Ronna McDaniel's leadership bid
▼ + stars: | 2023-01-10 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Mike Lindell says he's got the support to derail RNC chair Ronna McDaniel's re-election. Lindell told Insider he's secured the votes to make sure McDaniel won't have an outright win. He told Insider that he has called "a third" of the 168 RNC members since he announced his candidacy in November. "And when you talk to some — sometimes I talk for three to four hours to one person," Lindell told Insider on Monday. "We encourage all RNC members across the country to support new leadership at the RNC Winter Meeting," the committee wrote in its statement.

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTBob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBCDisney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger's attention has quickly turned to the other part of his mandate from the board — the immediate challenges facing Disney's business, such as the company's reorganization, cost structure and the future growth of its streaming business. He is the chairman of Disney's studio content and spearheaded the integration of Iger's acquisitions into Disney's overall content pipeline. D'Amaro is head of Disney's parks, experiences and products, the same position Chapek held before becoming CEO. Rebecca Campbell, who's currently in charge of Disney's international content and operations, is another candidate that Iger may favor, people familiar with the matter said.

☆ Dark horses Denmark exit World Cup as attack fails to fire
▼ + stars: | 2022-11-30 | by ( Philip O'Connor | Daniel Wiessner | ) www.reuters.com time to read: +2 min

A scoreless draw with Tunisia and a 2-1 loss to France followed by a 1-0 defeat by Australia was a poor return from a side tipped to be Europe's dark horses in Qatar. They rattled in 30 goals in 10 World Cup qualifiers, winning nine straight games to book their spot in Qatar, but once they got there, the wheels came off as the rest of the world found ways to blunt their attacking weapons. Blessed with skill, vision and intelligence all over the pitch, what the Danes lacked most was a reliable goal-poaching striker, and it came back to haunt them. The Danes had plenty of possession, but their build-up play was ponderous and seldom incisive enough to create danger for their opponents. Reporting by Philip O'Connor; Editing by Hugh Lawson and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Fernandes double fires perfect Portugal through to World Cup last 16
▼ + stars: | 2022-11-28 | by ( Martin Petty | ) www.reuters.com time to read: +5 min

For a Portugal whose World Cup narrative has so far been crafted by the controversy and brilliance of Cristiano Ronaldo, the night belonged to Fernandes, who shone throughout and always looked threatening. The win was the third time at a World Cup that Portugal have won two successive group stage matches, and the previous two times led to streaks into the semi-finals. Fernandes played down talk of his starring role and said his focus was the next match against South Korea and getting a perfect nine points for Portugal. "Our objective is to think match after match and we have to do our best because we obviously want to win all the matches." Portugal were dangerous on the approach and controlled both flanks, with Bernardo Silva, Fernandes and an industrious Joao Felix combining well and each frustrated in their efforts to put Portugal ahead.

☆ South Korea sweat on Son ahead of opener with wildcards Uruguay
▼ + stars: | 2022-11-22 | by ( Martin Petty | ) www.reuters.com time to read: +3 min

Group H also includes Portugal and Ghana, meaning Son's unrelenting threat and firepower against an uncertain Uruguayan defence will be vital for South Korea to pick up some crucial early points by negating Uruguay's attacking flair. South Korea coach Paulo Bento has imposed a team gag order on discussing Son's state of World Cup readiness, hoping to keep Uruguay's strategists in the dark. Among 13 debutants will be Real Madrid's versatile midfielder Federico Valverde and Manchester United's Facundo Pellistri, who link up with Tottenham's in-form Rodrigo Bentancur in a midfield for which Uruguay's squad has plenty of depth. Coach Diego Alonso sees the yawning age gap as a boon and believes Uruguay could even win this World Cup, as they did in 1930 and 1950. That could be a tall order and commentators have noted frailties at the back that South Korea could exploit, particularly in the centre, while there is no word yet on whether Barcelona's Ronald Araujo is available after undergoing thigh surgery.

☆ Dark horses Denmark face tricky Tunisia test in World Cup opener
▼ + stars: | 2022-11-20 | by ( Philip O'Connor | ) www.reuters.com time to read: +2 min

DOHA, Nov 20 (Reuters) - Denmark go into their opening World Cup game against a tricky Tunisia side on Tuesday in the unusual position of being among Europe's dark horses, in with an outside chance of winning the tournament if they can get everything right in Qatar. The key group game will be against France, a side they beat twice in the recent Nations League campaign. Eriksen's World Cup debut came in South Africa, but back then he was a teenager just breaking through in the senior ranks of the national team. At the 2018 World Cup they held England scoreless until Harry Kane scored in the 91st minute to give the English a narrow win. He's a tremendous football player," Hjulmand said, and now Tunisia have to find a way to stop him.

☆ Industry insiders place their bets on the companies best placed to launch a 'super app' in the US
▼ + stars: | 2022-11-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Industry insiders shared their views on what tech companies could reach super app status in the US. Cornerstone Advisors' Ron Shevlin doesn't think the US will have a single super app. The race to build a so-called financial super app is well underway, and some industry insiders are already placing their bets. A super app is essentially a one-stop shop for users' financial needs and beyond, providing multiple services and products — including savings, investing, and shopping tools — all in one place. It is an opportunity, I think, for them to become a super app.

☆ From Walmart to Venmo and Klarna, industry insiders pick the companies they believe have the best chance at standing up a 'super app' in the US
▼ + stars: | 2022-10-26 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Industry insiders shared their views on what tech companies could reach super app status in the US. Cornerstone Advisors' Ron Shevlin doesn't think the US will have a single super app. The race to build a so-called financial super app is well underway, and some industry insiders are already placing their bets. Ron Shevlin, chief research officer at consultancy Cornerstone Advisors in Scottsdale, Arizona, envisions Walmart being the closest to building a super app in the US. It is an opportunity, I think, for them to become a super app.

☆ Merrill Lynch's support staff is fed up. Here's why client associates at the massive wealth manager are heading for the door.
▼ + stars: | 2022-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The support wants supportThere's another uprising on Wall Street. And at Merrill Lynch, which oversees $2.7 trillion in assets, there is plenty of dirty work that falls to the 6,500 CAs. But it's important to remember that we're a long way away from the spring of 2021, when Wall Street was making money hand over fist. Wall Street bonuses are expected to drop by as much as 22% from last year, Reuters reports. If you do one thing today, read this inspiring story about a Wall Street banker leading the evacuation of an Afghan colonel and his family.

☆ A top 1% fund manager believes the market will plummet another 20% to 25% — and shares the 5 stocks he's investing in to outperform inflation
▼ + stars: | 2022-10-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

Jeff Muhlenkamp of the Muhlenkamp Fund believes stocks could fall another 20% to 25%. Muhlenkamp shared two sectors and five stocks he's investing in to beat macroeconomic headwinds. The portfolio manager's eponymous Muhlenkamp Fund (MUHLX) has beaten 99% of its peers year-to-date. Even though the S&P 500 has already cratered over 25% year-to-date, another 20% to 25% decline wouldn't surprise Muhlenkamp. Energy currently looks ridiculously cheap, with energy companies generating a lot of free cash flow, Muhlenkamp said.

☆ Cramer: This bear market is getting long in the tooth — here's what is changing
▼ + stars: | 2022-10-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Owning a Johnson & Johnson (JNJ) or a Constellation Brands (STZ) isn't exciting. When I look at the companies that have reported already, I like Home Depot (HD) and UnitedHealth (UNH), Procter & Gamble (PG) and Johnson & Johnson. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon
▼ + stars: | 2022-10-17 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +9 min

And he will also oversee a wealth management business that is now going to include portions of the consumer business, but wrapped in a wealth management offering. Both, according to Bloomberg's reporting, are being demoted to senior positions within Nachmann's asset and wealth management division. Stephanie CohenAnother executive thought by insiders to have lost some of her territory is Stephanie Cohen, the co-head of the consumer and wealth management division. Had Cohen been able to successfully helm the consumer and wealth management division alongside Tucker York, the currently discussed changes wouldn't have been needed, the people said. Cohen's co-head, York, will now return to his prior role of running the bank's successful private wealth management business.

"With the United States raising interest rates, emerging economies have little choice but to hike rates to avoid their currencies from depreciating too much," he said. Asakawa said many Asian emerging economies have sufficient buffers, such as ample current account surpluses and foreign reserves, to weather another crisis. "Some emerging Asian countries could intervene to prevent their currencies from depreciating. Countries like Malaysia put in place capital controls during the Asian financial crisis," Asakawa said. Asian policymakers must also prepare for when volatile market moves destabilise regional economies, he added.

☆ BOJ's dovish deputy Amamiya top candidate as next head: Reuters poll
▼ + stars: | 2022-09-21 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

As Kuroda's right-hand man, he has consistently called for the need to keep monetary policy ultra-loose to ensure Japan makes a sustained exit from deflation. Like Amamiya, Nakaso is considered a safe pair of hands with his expertise on central bank affairs. The BOJ's dovish stance has made it an outlier among a global wave of central banks tightening monetary policy to combat surging inflation. "While Kuroda is at the helm, the BOJ's ultra-loose monetary policy won't change," said Takeshi Minami, chief economist at Norinchukin Research Institute. "But under a new leadership, the bank could reassess its view on the inflation outlook and thinking on monetary policy."

☆ Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push
▼ + stars: | 2022-09-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

That's because despite the EV transition, Mustang is sticking with gas-powered engines for the seventh-generation vehicle in 2024. "People are leaving the segment, like Dodge, so we have a chance to really present something new about Mustang," Farley said following the 2024 Mustang debut. Farley and Ford Chair Bill Ford declined to say whether the seventh-generation Mustang is expected to be the last gas-powered version of the car. The Mach-E, which shares little to nothing with the gas-powered Mustang other than a name, has led Ford to become the second bestselling brand of EVs in the country. U.S. President Joe Biden stands next to a Ford Mustang Mach-E (electric) SUV during a visit to the Detroit Auto Show, to highlight electric vehicle manufacturing in America, in Detroit, Michigan, September 14, 2022.

☆ Budweiser Will Promote Its Alcohol-Free Beer at World Cup in Qatar
▼ + stars: | 2022-09-15 | by ( Katie Deighton | ) www.wsj.com time to read: +5 min

Budweiser is promoting its alcohol-free lager at the upcoming soccer World Cup in Qatar, balancing its role as the official beer of the event with the strict regulations on the sale and consumption of alcohol in the predominantly Muslim host nation. FIFA announced last month that it has so far sold 2.45 million World Cup tickets out of a possible 3 million. The brand said it plans to roll out localized ads and digital content in 70 countries as part of its World Cup marketing plans. It will also distribute more than 1 billion limited-edition bottles of Budweiser, each featuring a unique QR code linking to a competition to win free prizes including beer and World Cup tickets. And Anheuser-Busch InBev will use its World Cup sponsorship to promote the introduction of its direct-to-consumer e-commerce website and app TaDa, starting with 10 markets in Latin America, Mr. Marcondes said.

☆ Ford’s new Mustang sticks with pure gasoline
▼ + stars: | 2022-09-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

The new Mustang will be offered only with pure gasoline power, at least for now. The new Mustang will be offered with a big 5.0-liter V8 engine or a 2.3-liter turbocharged four-cylinder engine just as in today’s Mustang. The new Ford Mustang has the familiar shape but with a more chiseled-looking exterior design. Since then, though, Ford has introduced fully electric cars, like the Ford Mustang Mach-E SUV and the Ford F-150 Lightning pickup, as well as plug-in hybrids. Along with a 500 horsepower V8 engine, the Mustang Dark Horse will have various suspension improvements, as well as dark tinted headlight covers and other visual cues.

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