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☆ Nigerian election tribunal to decide if Tinubu stays as president
▼ + stars: | 2023-09-06 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. Lewis Joly/Pool via REUTERS Acquire Licensing RightsABUJA, Sept 6 (Reuters) - Nigeria's presidential election tribunal is due to rule on Wednesday on whether Bola Tinubu should stay as president after two rivals challenged his victory in February's disputed vote. There have been numerous legal challenges to the outcome of previous Nigerian presidential elections but none have succeeded. The tribunal, which will deliver its ruling in the capital Abuja, has the power to cancel an election and order a fresh one, among other remedies. Tinubu, who is in India ahead of a G20 Summit, has defended his victory and says he is focused on reviving the economy.

Persons: Bola Tinubu, Lewis Joly, Bola, February's, Atiku Abubakar, Peter Obi, Atiku, Obi, Muhammadu Buhari, MacDonald Dzirutwe, Alison Williams Organizations: New Global Financial, REUTERS Acquire, Rights, Tinubu's, People's Democratic Party, Labour, Thomson Locations: Nigeria, Paris, France, Rights ABUJA, Abuja, India

☆ Goldman Sachs confident of no US recession — and that's not bad for equities, strategist says
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs confident of no US recession — and that's not bad for equities, strategist saysPeter Oppenheimer, chief global equity strategist and head of macro research for Europe at Goldman Sachs, discusses positioning for a "relatively moderate index environment."

Persons: Goldman Sachs, Peter Oppenheimer Locations: Europe

RICHMOND, Va. (AP) — Prosecutors have asked a federal judge to revoke the bond for the mother of a Virginia boy who shot and wounded his first-grade teacher after she allegedly failed multiple drug tests while awaiting sentencing on two felony charges. The boy was 6 when he pulled out his mother's gun in January and fired one shot at Zwerner in a classroom full of students. Taylor was released on bond pending sentencing on the condition that she refrain from unlawful drug use and possession. James Ellenson, one of Taylor's lawyers, told The Virginian-Pilot that he will ask U.S. District Judge Mark Davis not to revoke her bond. As part of a plea agreement, prosecutors agreed to ask for a sentence of 18 months to 24 months in prison.

Persons: Deja Taylor, Abigail Zwerner, Zwerner, Taylor, Lisa McKeel, Peter Osyf, James Ellenson, Mark Davis, ” Ellenson, Ellenson Organizations: — Prosecutors, Elementary School, Virginian, U.S, District, Associated Press, Prosecutors, Newport News Locations: RICHMOND, Va, Virginia, Newport News, U.S, States, Newport, Coast

☆ Goldman Sachs on why AI is not a bubble and the best ways to play it
▼ + stars: | 2023-09-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The fast advance, while some view as unsustainable, has been supported by strong underlying fundamentals, Goldman said. Goldman highlighted a list of 11 stocks in various industries as "potential near-term beneficiaries of the AI revolution." Marvell Technology and Credo also manufacture related equipment needed to build AI technology, Goldman said. Goldman also identified a handful of companies that use their extensive cloud computing infrastructures to commercialize AI on a large scale. Thirdly, companies that are currently leveraging AI technology to amplify their businesses could also be near-term winners, Goldman said.

Persons: Goldman Sachs, Goldman, Peter Oppenheimer, Salesforce Organizations: Nvidia, Microsoft, Marvell Technology, Technology, Adobe, Intuit, Google, Meta

☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
▼ + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."

Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S

☆ We don't expect recessions in the U.S. and 'really elsewhere': Goldman Sachs' Peter Oppenheimer
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe don't expect recessions in the U.S. and 'really elsewhere': Goldman Sachs' Peter OppenheimerPeter Oppenheimer, Goldman Sachs chief global equity strategist, joins 'Squawk on the Street' to discuss how Oppenheimer views China's slowdown, how U.S. economic growth will impact the Federal Reserve, and where the strategist would put money to work.

Persons: Goldman Sachs, Peter Oppenheimer Peter Oppenheimer, Oppenheimer Organizations: Federal Reserve Locations: U.S

☆ CHART: AI stocks enter correction territory
▼ + stars: | 2023-08-10 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

Insider looked at 10 of the top AI stocks and found that many are in correction territory. In recent days, some of the hottest AI stocks of 2023 have entered correction territory. Insider took a look at 10 of the hottest AI stocks from earlier this year and analyzed how they've performed since peaking. This could be a short-term blip, or a reaction to higher long-term interest rates, which can depress high-growth tech stocks. (And, yes, using automation and AI to buy AI stocks is probably a self-fulfilling prophecy that also can't last).

Persons: they've, Morgan Stanley, Amara, We're, Jasper AI, Nvidia Organizations: Morning, Nvidia, AMD, Bloomberg, Nasdaq

☆ Fact Check-Image of Nigerian opposition leader receiving book from a separatist is altered
▼ + stars: | 2023-08-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An image of Nigerian businessperson and author Suraj “Jarus” Oyewale presenting his book to politician Peter Obi has been edited to replace Oyewale with Biafra separatist Simon Ekpa and is misleading people online. Facebook posts also highlight that that edited image features Nigerian activist Aisha Yesufu in the background (here), (here). He is seen presenting his book, A Mat of Roses, to Obi. In a post on X, Oyewale asked his followers to ignore the edited photo (here). The image does not show Simon Ekpa presenting a book to Peter Obi.

Persons: Suraj “, Oyewale, Peter Obi, Simon Ekpa, Biafra, ”, Aisha Yesufu, Obi, Atiku Abubakar, Nigeria's, Bola Tinubu, Read Organizations: Biafra, Labour Party, Democratic Party, Reuters

LONDON, Aug 2 (Reuters) - The economic picture may not have to change much for the surprise element to disappear for markets - underlining the significance of this summer's sometimes grudging admissions of investment strategy missteps. SURPRISE, SURPRISEExceptional U.S. economic surprisesU.S. surprise gaps the widest in decades, excluding pandemicAlong with market moves themselves and skewed positioning monitors, the simplest take on the unpreparedness of investors can be seen in economic surprise indices. The global surprise index is close to zero, suggesting expectations for the world economy in aggregate are actually coming in on cue. And if that happens, it may just suck the oxygen from the stellar equity outperformance over bonds to date. If true, markets may find the going harder without that element of surprise.

Persons: What's, Schroders, Johanna Kyrklund, hasn't, Kyrklund, Chris Iggo, Mike Dolan Organizations: Federal, Nasdaq, Japan's Nikkei, U.S, Graphics, AXA IM Investment, Reuters, Twitter, Thomson Locations: Europe, Japan, China, U.S

☆ Falling inflation has more to do with post-pandemic effects than Fed hikes: Lazard's Peter Orszag
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFalling inflation has more to do with post-pandemic effects than Fed hikes: Lazard's Peter OrszagPeter Orszag, CEO of Financial Advisory at Lazard and former OMB director under President Obama, joins 'Squawk Box' to discuss the Fed's inflation fight, the latest market trends, the state of dealmaking, and more.

Persons: Peter Orszag Peter Orszag, Obama Organizations: Lazard Locations: dealmaking

☆ 'Oppenheimer' fact v. fiction: A nuclear historian breaks down what the movie got right and wrong
▼ + stars: | 2023-07-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +18 min

J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."

Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, —, Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos

☆ Our view is that we will get a soft landing, says Goldman Sachs' Peter Oppenheimer
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur view is that we will get a soft landing, says Goldman Sachs' Peter OppenheimerPeter Oppenheimer, Goldman Sachs chief global equity strategist, joins 'Squawk on the Street' to discuss Oppenheimer's outlook for the rest of the year, what China's weakness means for the global economic picture, and more.

Persons: Goldman Sachs, Peter Oppenheimer Peter Oppenheimer

☆ How Netflix can end the Hollywood strike in a way Disney, Paramount can't afford
▼ + stars: | 2023-07-20 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

"The strike is not something we wanted," said Sarandos, whose company is negotiating jointly with competing movie studios like Disney and Paramount whose parent companies also own streaming services. Some big-media companies that own streaming services, like Paramount and Disney, have seen their shares drop even in the renewed bull market of the past year. LightShed Partners analyst Rich Greenfield says Netflix made $6.5 billion last year excluding interest, taxes, and non-cash charges, while rival streaming services at Paramount, Disney and NBC lost more than $8 billion. That's a relatively small number for an industry with revenues topping $70 billion, $31.6 billion of it last year at Netflix. Paramount Global's Paramount+ service lost $1.8 billion last year, but saw losses shrink in the first quarter.

Persons: Mike Blake, Mark Mahaney, Ted Sarandos, Greg Peters, Michael Pachter, Robert Iger, Iger, CNBC's David Faber, Max, Rich Greenfield, Mahaney, hasn't, Jake Urbanski, Jamie Lumley, Peters, Spencer Neumann Organizations: Guild of America, Netflix, Alliance, Producers, Wednesday, Writers Guild of America, Screen, American Federation of Television, Radio Artists, Disney, Paramount Global, Amazon, Wedbush Securities, Television Producers, CNBC, Walt Disney Co, Sun, Paramount, Warner Bros, LightShed, NBC, Hollywood, Moody's Investors Service, Writers ' Guild of America, WGA, Twitter, Hulu, Comcast, Apple Locations: Los Angeles , California, U.S

☆ Another earnings season begins, but investors are already looking beyond it
▼ + stars: | 2023-07-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —As the second-quarter earnings season kicks off this week, investors want answers on the health of the United States’ companies and its economy. The projected second-quarter earnings decline for companies listed in the S&P 500 is roughly 7.6% compared to the prior year, according to FactSet. That would be the third consecutive quarter of declines and the largest earnings decline reported by the broad-based index since a roughly 32% loss during the second quarter of 2020. But investors will be looking even more closely at what companies forecast for their financial performance and the broader economy. Energy secretary vows to replenish Strategic Petroleum ReserveEnergy Secretary Jennifer Granholm said the United States will refill the depleted Strategic Petroleum Reserve, reports my colleague Matt Egan.

Persons: It’s, ”, Paul Eitelman, What’s, Steve Wyett, Jennifer Granholm, Matt Egan, Joe Biden, “, ” Granholm, Biden, Granholm, ” Read, Danielle Wiener, ” Jared Bernstein, Read Organizations: CNN Business, Bell, New York CNN, United, Wealth Management, Gross, North America, Russell Investments, Macy’s, Costco, JPMorgan Chase, Citigroup, BOK Financial, Energy, Strategic Petroleum Reserve Energy, Strategic Petroleum Reserve, CNN, The Energy Department, Bronner, of Labor Statistics, of Economic Advisers Locations: New York, United States, Wells Fargo, BlackRock, Ukraine, That’s

☆ Fact Check-Macron and Tinubu photos altered to show Obi
▼ + stars: | 2023-07-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

The original photos depicted Nigerian President Bola Tinubu with Macron. However, photos spreading on social media purporting to show Macron beside Obi appear to have been altered, despite users sharing them as if authentic here and here . “Peter Obi with French President, Emmanuel Macron, at the Paris summit in France,” one post reads here . An online search for the images reveals they originally depicted the French President with Nigerian President Bola Tinubu at a State Banquet on June 22. Photos edited to show Peter Obi with Emmanuel Macron originally featured Nigerian President Bola Tinubu with the French president.

Persons: Emmanuel Macron, Peter Obi, Bola Tinubu, Macron, Obi, “ Peter Obi, ”, Tinubu, Tinubu’s, Nigeria’s, Read Organizations: Anambra State Governor, Macron, Twitter, Nigerian Tribune, Reuters Locations: Anambra, Nigeria, Paris, France

☆ The American banking landscape is on the cusp of a seismic shift. Expect more pain to come
▼ + stars: | 2023-07-10 | by ( Hugh Son | ) www.cnbc.com time to read: +10 min

But even as the dust settles from a string of government seizures of failed midsized banks, the forces that sparked the regional banking crisis in March are still at play. What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. JPMorgan shares are up 7.6% this year, while the KBW Regional Banking Index is down more than 20%. Some of those pressures will be visible as regional banks disclose second-quarter results this month. "The fundamental issue with the regional banking system is the underlying business model is under stress," said incoming Lazard CEO Peter Orszag.

Persons: Jamie Dimon, Brian Graham, Banks, KeyCorp, Matt O'Connor, Peter Orszag, SVB, Chris Wolfe, Wolfe, you've, You've, Goldman Sachs, Lazard's Orszag, Orszag, Janet Yellen, Sen, Elizabeth Warren, Klaros, Graham Organizations: First, JPMorgan, Silicon Valley Bank, CNBC, Klaros, Deutsche Bank, Federal Reserve Bank of New, Justice Department Locations: First Republic, Silicon Valley, SVB, KBW, Federal Reserve Bank of New York, Republic

☆ Lazard, facing a dealmaking drought, is on a mission to boost its money management business. It won't be easy.
▼ + stars: | 2023-07-06 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

The group extends guidance on geopolitical matters to clients as well as colleagues, like the asset management arm's sprawling salesforce. The firm is making a series of changes to ramp up its asset management business. Lazard has had an asset management business for decades, but it's a business that's finding new relevance on Wall Street. Incoming Lazard CEO Peter Orszag, pictured here in May, has made improving the asset management business a priority. "When it comes to the asset management business, the picture is probably more blurry," said Richard Bruyère, managing partner of the Paris-based asset management advisory firm Indefi.

Persons: Lazard, Evan Russo, Yevgeny Prigozhin, Peter Orszag, Barack Obama, Bill Clinton, it's, Russo, Orszag, Ray McGuire, Jennifer Ryan, Goldman Sachs, Brennan Hawken, Richard Bruyère, Bruyère, Ryan, Hartley, Morgan Stanley, Janus Henderson, Ashmore, Devin Ryan, AllianceBernstein, Larry Cohen, " Russo, Peter Organizations: Lazard, BlackRock, Citi, New York, North, Incoming Lazard, REUTERS, UBS, Investors, Firms, Virtus, Liontrust, Bank's JMP Securities Locations: Russia, New York, Washington, North America, Paris, Taft, Asia

☆ Stocks' bull run from the first half won't last - high interest rates and slumping growth will kill the rally, UBS says
▼ + stars: | 2023-07-04 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The stock-market rally will fade over the second half of 2023, according to UBS. Equities have started the year on a tear, with tech stocks posting their best first half since 1983. "Fears of higher rates, a few disappointing economic numbers, or a shift in equity market sentiment could quickly unravel optimism about US growth resilience and its underpinnings," they added. Even the AI boom – which has helped Big Tech stocks including Nvidia, Tesla, and Meta Platforms rack up triple-digit gains – could peter out soon, Haefele's team said. Read more: The AI boom has powered tech stocks to their strongest start to a year since 1983

Persons: —, Mark Haefele, Stocks, Read Organizations: UBS, Service, Big Tech, Nvidia, Tesla Locations: Swiss

☆ Lazard fires senior banker for inappropriate behavior -source
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, July 3 (Reuters) - Investment bank Lazard (LAZ.N) terminated a managing director for inappropriate behavior over the weekend, according to a source familiar with the situation. Incoming CEO Peter Orszag sent a memo to staff this weekend informing them that the company had dismissed a managing director in the bank's financial advisory unit, the source said. Lazard took action after investigating the behavior, which occurred at a personal event at which employees were present, the source said, without naming the banker. Orszag currently leads Lazard's financial advisory unit overseeing deals. Reporting by Lananh Nguyen; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Peter Orszag, Lazard, Orszag, Lananh Nguyen, Leslie Adler Organizations: YORK, Investment, Lazard, Bloomberg News, Thomson

☆ At least 48 dead in road accident in western Kenya, officials say
▼ + stars: | 2023-07-01 | by ( ) edition.cnn.com time to read: +1 min

CNN —At least 48 people were killed in a road accident in Londiani, western Kenya, on Friday evening when a lorry carrying a shipping container veered off the road and plowed into several vehicles, police and witnesses said. There were other bodies that were under the vehicle.”The Kenya Red Cross said the lorry rammed more than six vehicles and ran over pedestrians. A view of the accident site after a truck crashed into a market in the Londiani area of Kericho. Andrew Kasuku/Anadolu Agency/Getty Images“The country mourns with the families who have lost loved ones in a horrific road accident in Londiani,” Kenyan President William Ruto wrote in a tweet. Last year 34 people died in central Kenya when their bus veered off a bridge and plunged into a river valley.

Persons: Tom Odera, “, swerved, ”, Peter Otieno, Andrew Kasuku, William Ruto Organizations: CNN, Regional, Cross, Anadolu Agency, Getty, Kenyan Locations: Londiani, Kenya, Kericho

☆ At least 48 killed in road accident in western Kenya, police say
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - At least 48 people were killed in a road accident in Londiani, western Kenya, on Friday evening when a lorry carrying a shipping container veered off the road and ploughed into several vehicles, police and witnesses said. Regional police commander Tom Odera said the death toll stood at 48 on Friday evening. The trailer went off the road and hit other vehicles," said Peter Otieno, a driver. The Kenya Red Cross said the lorry rammed more than six vehicles and ran over pedestrians. "The country mourns with the families who have lost loved ones in a horrific road accident in Londiani," Kenyan President William Ruto wrote in a tweet.

Persons: Tom Odera, swerved, Peter Otieno, William Ruto, Humphrey Malalo, Duncan Miriri, Hereward Holland, Leslie Adler, Sandra Maler, Alistair Bell Organizations: Regional, Kenya, Cross, Kenyan, Thomson Locations: Londiani, Kenya, Nairobi

Morgan Stanley co-presidents Ted Pick and Andy Saperstein are widely viewed as the front-runners for the top job, with Pick seen as having a slight edge, the person said. A Morgan Stanley spokesperson declined to comment, as did Gorman, Pick, Saperstein and Simkowitz when contacted directly. SUCCESSION PLANNINGSince taking the helm, Australian-born Gorman, 64, has transformed Morgan Stanley through a series of major deals into a wealth management powerhouse that aims to manage $10 trillion in assets. Pick, 54, heads Morgan Stanley's institutional securities group, overseeing areas including investment banking, equities and fixed income. Saperstein, 56, is in charge of the wealth management unit that has bolstered Morgan Stanley's profits in recent years.

Persons: Morgan Stanley's, James Gorman's, Gorman, Morgan Stanley, Ted Pick, Andy Saperstein, Pick, Dan Simkowitz, Morgan, Merrill Lynch, You've, you've, Peter Orszag, Kenneth Jacobs, JPMorgan Chase, Jamie Dimon, Brian Moynihan, Lananh Nguyen, Paritosh Bansal, Megan Davies, Jamie Freed Organizations: YORK, U.S . Securities, Exchange Commission, U.S, Attorney's, Southern, of, McKinsey, White House, JPMorgan, Bank of America, Thomson Locations: London, New York, of New York, Australian

☆ Inflation, interest rates likely to be stickier than markets are pricing, says Goldman's Oppenheimer
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation, interest rates likely to be stickier than markets are pricing, says Goldman's OppenheimerPeter Oppenheimer, Goldman Sachs chief global equity strategist, joins 'Squawk on the Street' to discuss Oppenheimer's takeaways from the ECB Forum on Central Banking, what future policy would look like, and more.

Persons: Goldman's Oppenheimer Peter Oppenheimer, Goldman Sachs Organizations: ECB, Central Banking

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher, snapping its six-day losing streak. "Markets are expecting either the data to improve from China or stimulus to increase from the government. "This realization is dawning among investors yet again, that the inflationary fight is far from over." The healthcare sector has been declining in recent weeks and is down nearly 2.9% so far this month. Reporting by Amruta Khandekar, Siddarth S and Matteo Allievi in Gdansk; Editing by Rashmi Aich, Sonia Cheema, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: ECB's Lagarde, Christine Lagarde, Li Qiang, Giles Coghlan, Susannah Streeter, Hargreaves Lansdown, Streeter, Goldman Sachs, Amruta Khandekar, Siddarth, Matteo Allievi, Rashmi Aich, Sonia Cheema, William Maclean Organizations: European Central Bank, HSBC, Prudential Plc, Hargreaves, Siemens Energy, Thomson Locations: China, Russia, U.S, Gdansk

☆ Magnitude 6.3 earthquake strikes northern Philippines
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

MANILA, June 15 (Reuters) - An earthquake of magnitude 6.3 struck the Philippines' main island on Thursday, authorities said, halting some railway operations in the capital Manila. No casualties or major damage were reported after the quake, which struck out at sea at a depth of 10 kilometres (6.21 miles) and was felt in nearby provinces, the Philippine seismology agency said. Operations of the three elevated railway lines in Manila were stopped due to the earthquake, the transport ministry said. The seismology agency initially recorded a magnitude 6.2 earthquake, but later revised it to 6.3. Reporting by Jahnavi Nidumolu in Bengaluru, Enrico Dela Cruz and Neil Jerome Morales in Manila; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernardo Rafaelito Alejandro, Ferdinand Marcos Jr, Peter Oliver Palacio, Jahnavi, Enrico Dela Cruz, Neil Jerome Morales, Kanupriya Kapoor Organizations: Railways, GMA, Thomson Locations: MANILA, Philippines, Manila, Philippine, Calatagan, Bengaluru

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